Personal Loan EMI Calculator
Gwalior is a historical city in Madhya Pradesh known for its magnificent forts, palaces, and rich cultural heritage. The city has an amalgamation of different traditions and cultures, making it an exciting place to live. It has a lively and vibrant atmosphere with many entertainment options, such as restaurants, movie theatres, and shopping malls. The people are hospitable and friendly, and it is relatively safer than many other Indian cities.
Apart from historical monuments like the Gwalior Fort, Scindia’s Mahal, Rani Laxmibai’s Mausoleum, Tansen Makbara, Surya Mandir, and Katora Tal, Gwalior also houses modern attractions like the DD Mall, Maharaj Bada, and DB Mall. Established industries in Gwalior include agriculture, food production, pharmaceuticals, glass product manufacturing, forging and stamping, etc. The cost of living is affordable, making it a lucrative destination to settle down. However, when funds are lacking, approach Hero FinCorp for a Personal Loan in Gwalior and make all your dreams come true.
Here are the key features and benefits of our instant Personal Loans in Gwalior.
An instant Personal Loan of up to Rs 5 Lakh is sufficient to cover most urgent expenses for a medical emergency, a last-minute wedding expense, urgent home repair, education cost, or a spontaneous travel plan. Check your loan eligibility on our website and apply for an instant loan online.
Are you worried about high Personal Loan interest rates? At Hero FinCorp, we offer competitive interest rates based on your eligibility and repayment capacity. Your income, DTI ratio, and credit history play a significant role in determining your interest rate.
Our Personal Loan is 100% collateral-free. We do not demand any deposit, guarantor, or asset as collateral against an instant Personal Loan in Gwalior. So, you can cover your expense without risking any assets with a Personal Loan.
We are one of the few Personal Loan providers in Gwalior that offer flexible repayment terms to borrowers. You can choose a repayment term of up to 36 months with EMIs you can easily afford.
We have a 100% digital and streamlined application process through which we can verify details almost instantly and approve loans quickly. Once approved, borrowers can receive disbursals in no time after completing the formalities.
To be eligible for a Hero FinCorp Personal Loan in Gwalior, you must fulfil a few eligibility conditions: age, income, work experience, and citizenship. We also look at your credit score, financial obligations, and repayment capacity while evaluating your loan application.
| Criteria | Requirement |
|---|---|
| Age | You must be within the age bracket of 21 to 58 years to apply for a Personal Loan in Gwalior. |
| Citizenship | At Hero FinCorp, we sanction loans to salaried and self-employed Indian citizens only. |
| Work Experience | Salaried: You must be working in the same company for at least six months. Self-employed: You must have at least two years of experience in your current business. |
| Monthly Income | Since your income determines your loan affordability and repayment capacity, you must earn at least Rs 15,000 to qualify for Personal Loans finance in Gwalior. |
hile our eligibility conditions are straightforward, and most Indian citizens can fulfil them easily, you need to verify your details with the help of relevant documents. That is why we ask for your identity, address, income proof, and other documents to complete the verification process. The best thing is that we don't ask you to visit our branch office and submit the paperwork. We accept scanned copies of your records uploaded through our website or loan app.
Since the documentation requirements vary based on your occupation, look at these and submit appropriate documents to support your loan application.
Driver’s Licence, Passport, PAN Card, Aadhaar card
Filled Loan Application Form, Passport Size Coloured Photograph
Six Month Salary Slip & Bank Account Statement, Form 16
Appointment Letter From the Current Employer
Driver Licence, Passport, Aadhaar Card, Utility Bill
Driver’s Licence, Passport, PAN Card, Aadhaar card
Filled Loan Application Form, Passport Size Coloured Photograph
Last Six Months Bank Statement, ITR for the Last Two Consecutive Years
Maintenance Bill, Utility Bill, Property Documents, Rent Agreemen
Copy of Tax Registration, Shop Establishment Proof, Company’s Registration Certificate
While looking for a Personal Loan, you will find the most competitive interest rates at Hero FinCorp. We determine your interest rate based on the following factors:
| Fees & Charges | Amount Chargeable |
|---|---|
| Interest Rate | Starting from 19% p.a. |
| Loan Processing Charges | Minimum 2.5%+ GST |
| Prepayment Charges | N.A. |
| Foreclosure Charges | 5% + GST |
| EMI Bounce Charges | Rs 350/- |
| Interest on Overdue EMIs | 1-2% of the loan/EMI Overdue Amount Per Month |
| Cheque Bounce | Fixed Nominal Penalty |
| Loan Cancellation | 1. Online loan app does not charge any cancellation charges |
| 2. Interest amount paid is non-refundable | |
| 3. Processing charges are also non-refundable |
At Hero FinCorp, we have a simple loan procedure you can complete from the comfort of your home. Our application process does not involve branch visits, physical paperwork, or collateral requirements. That means you don't need to consult a Personal Loan agent in Gwalior to seek a Personal Loan. All you need is an internet-enabled device and a little bit of web-browsing experience. These are the simple steps to follow.
Click on the ‘Apply Now’ button on the Personal Loan page of our website.
Fill out an online application form with your identity, financial, and employment details.
Submit scanned copies of necessary documents, including your identity, address, and income proof.
Give us some time to verify the details and documents and get approval quickly.
Review and accept the loan offer to get disbursal instantly.
