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Personal Loan in Hosur

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Loan up to Rs 5 Lakh
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Minimum Salary Required Rs 15K
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Instant Approval in 10 Minutes
Personal Loan EMI Calculator

Monthly EMI

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Interest Payable

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Get a Personal Loan in Hosur Up to 5 Lakh

Hosur is an emerging industrial city in Tamil Nadu. It has many small and medium companies. The city also employs several working professionals. With its fast development, the cost of living is also increasing. This can, at times, lead to urgent money needs—be it for medical emergencies, renovation of a home, or even higher education of children. That's where Hero FinCorp's Personal Loans in Hosur can provide timely support. With quick approvals in 10 minutes, our loans are suitable for both salaried and self-employed individuals. You can easily apply if you have a minimum monthly income of Rs 15,000. Get competitive interest rates and flexible tenures of up to 36 months to fit your budget. We assure a fast and hassle-free online loan experience customised to your unique requirements.

Features and Benefits of Personal Loan in Hosur

Our instant personal loans offer several benefits to its borrowers. Here are some of the features and benefits of our Personal Loans in Hosur.  

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High Loan Amount

You can get a personal loan of up to Rs 5 Lakh for various planned and unplanned expenses.

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Attractive Interest Rates

Our Personal Loan interest rates in Hosur start from 1.58% per month or 19% per annum.

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Collateral-Free

Since our personal loans are unsecured, you do not need to provide any security, collateral or guarantor to secure the funding.

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Flexible Repayment Tenure

You can choose a repayment tenure of 12 to 36 months, according to your repayment capacity.

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Instant Approval

You can get approval within 10 minutes when you apply on the Hero FinCorp website or loan app.

Eligibility Criteria for Instant Personal Loan in Hosur

Before applying for a Personal Loan in Hosur with Hero FinCorp, make sure you meet the eligibility criteria. These include your age, monthly income, work experience, and Indian citizenship. Our personal loan eligibility criteria are simple and easy to fulfil.

CriteriaRequirement
AgeYou should be between 21-58 years.
CitizenshipYou should be a citizen of India.
Work ExperienceSix months for salaried applicants and 2 years for self-employed applicants.
Monthly IncomeYou should have a minimum income of Rs 15,000 monthly.

List of Documents Required to Apply for a Personal Loan in Hosur

We, Hero FinCorp, are reputed personal loan providers in Hosur, allowing individuals to raise immediate funds to cover various personal expenses. However, you must submit certain documents to match our eligibility criteria and loan requirements. We have designed our instant personal loans to demand minimal documentation, ensuring you get instant funds instead of going through a time-consuming loan process. Here are the personal loan document requirements for salaried and self-employed individuals:

Documents Required For Salaried Employee

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Proof Of Photo Identity

Driver’s Licence, Passport, PAN Card, Aadhaar card

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Mandatory Documents

Filled Loan Application Form, Passport Size Coloured Photograph

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Proof of Income

Six Month Salary Slip & Bank Account Statement, Form 16

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Job Continuity Proof

Appointment Letter From the Current Employer

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Proof of Residence

Driver Licence, Passport, Aadhaar Card, Utility Bill

Documents Required For Self Employed

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Proof Of Photo Identity

Driver’s Licence, Passport, PAN Card, Aadhaar card

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Mandatory Documents

Filled Loan Application Form, Passport Size Coloured Photograph

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Proof of Income

Last Six Months Bank Statement, ITR for the Last Two Consecutive Years

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Proof of Residence

Maintenance Bill, Utility Bill, Property Documents, Rent Agreement

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Proof of Business Existence

Copy of Tax Registration, Shop Establishment Proof, Company’s Registration Certificate

Interest Rates and Charges on Personal Loans in Hosur

While applying for an instant cash loan in Hosur, it’s better to know the related costs, such as the interest rate and processing charges. At Hero FinCorp, personal loan interest rates are competitive, and other charges are nominal. Here are the details.

Fees & ChargesAmount Chargeable
Interest RateStarting from 19% p.a.
Loan Processing ChargesMinimum 2.5%+ GST
Prepayment ChargesN.A.
Foreclosure Charges5% + GST
EMI Bounce ChargesRs 350/-
Interest on Overdue EMIs1-2% of the loan/EMI Overdue Amount Per Month
Cheque BounceFixed Nominal Penalty
Loan Cancellation1. Online loan app does not charge any cancellation charges
2. Interest amount paid is non-refundable
3. Processing charges are also non-refundable

How To Apply For a Personal Loan in Hosur?

Follow these simple steps to apply for a personal loan in hosur at Hero FinCorp:

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  • 01

    Visit the Hero FinCorp website or install the personal loan app

  • 02

    Go to the personal loan page and click on ‘apply now

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    Enter your mobile number and verify with the OTP received

  • 04

    Choose the loan amount you need

  • 05

    Verify your KYC details to check income eligibility

  • 06

    Click ‘Submit’ to complete your application

What Our Clients Say About Us

It's a great appreciation for obtaining the best personal loan with the fewest papers necessary and promptly disbursing loan ...funds. I truly appreciate your assistance. Simple procedure and a user-friendly interface. There are no problems, inquiries or anything else as long as you pay.

Savi Gupta, Bangalore

Herofincorp has great funds for various purposes. I got the best personal loan offer compared to interest rates, terms, and fees for ...my best financial situation. Thanks for your assistance.

Rashi Kohli, New Delhi

It is a simple procedure. For financial emergencies, it is the best option. Thanks for their assistance. Adaptable and well-balanced. You can acquire an immediate loan transfer with Hero FinCorp.

Lalji Soni, Chennai

Processing is quick, and had great experiences with this personal loan application and service. I appreciate customer support's gentle communication in helping the process go more smoothly. interest rates provided on the personal loan is the lowest in market. Overall experience good. I'm grateful.

Raj Chaudhary, Mumbai

I have been looking for a platform that allows me to borrow money quickly, it is convenient, safe and reliable to borrow money on this practical and reliable platform.

Kadam Kailash, Gurgaon

Frequently Asked Questions (FAQs)

The Personal Loan interest rate in Hosur at Hero FinCorp depends on your credibility, eligibility, and repayment capacity. We closely evaluate your financial well-being to determine your risk and offer you a reasonable interest rate.
When you borrow a Hero FinCorp Personal Loan, you get a maximum period of 36 months to repay the borrowed amount with interest.
Hero FinCorp Personal Loans are 100% collateral-free, which means you don't need to provide any collateral, security, or guarantor to apply for a loan.

The Equated monthly instalment (EMI) of a Personal Loan is based on your loan amount, the rate of interest and repayment tenure. You can use the personal loan emi calculator online to calculate your instalment amount easily.

The minimum salary you need to apply for a Personal Loan in Hosur is Rs 15,000 at Hero FinCorp.
No, salary slips are essential for a Personal Loan application. If you do not have a salary slip, you can provide your Form 16, income tax returns (ITRs) and bank statements.
You can apply on the Hero FinCorp website or mobile app. Register with your mobile number. Fill out the application with your KYC details and submit it with proof of income.
Yes, proof of income is mandatory to confirm your repayment capability. You can submit proof of income as per your occupation (salaried or self-employed).
You may get a Personal Loan in Hosur even with a low or poor CIBIL score. However, the lender may not give you a higher loan amount or affordable rates.
Among all, the Hero FinCorp app can provide you an instant Personal Loan of up to Rs 5 Lakh in Hosur at attractive interest rates.
No, documentation is essential for a loan application. Some lenders, like Hero FinCorp, do not ask you to submit physical copies of your documents when you apply online.
To get approval for an instant cash loan in minutes, apply on the Hero FinCorp website or app. Based on your eligibility, you can get loan approval in 10 minutes.