Personal Loan In Hyderabad

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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

₹ 0

Interest Payable

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Get Personal Loan in Hyderabad Up to 5 Lakh

Say Hyderabad and the first thing to come to your mind would be either its delicious biryani or the famous architectural wonder Charminar seated in the heart of its buzzing local market. Delve deeper into thought and you’ll recall how the City of Nizams is famous for its beautiful pearls and jewellery. But that’s not all. Today’s Hyderabad is a thriving ground for many industries such as IT, data science, civil engineering, dairy, electric vehicles, and whatnot. The tremendous growth of the city, and increased job and business opportunities have been attracting people from all over the country. This explains the high demand for Personal Loans in Hyderabad. Though there are many Personal Loan providers in Hyderabad, not all of them offer instant and hassle-free personal loans at attractive interest rates like Hero FinCorp. Read on to know more.

We Offer a Wide Range of Personal Loans!

We, at Hero FinCorp, offer a wide range of Personal Loans for different needs. Explore the options and choose what suits you.

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Personal Loan for Doctors

Hero FinCorp personal loan for doctors offers flexible repayment terms to manage personal and professional expenses.

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Personal Loan for Travel

Looking for a quick and hassle-free personal loan for travel? Apply for an instant cash loan in Hyderabad with Hero FinCorp with flexible EMIs.

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Personal Loan for Wedding

Make your wedding memorable with Hero FinCorp’s personal loan for wedding at competitive interest rates.

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Personal Loan for Home Renovation

Avail of a personal loan for home renovation from Hero FinCorp and give a brand-new look to your existing home.

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Personal Loan for Self-Employed

Need quick funds? Hero FinCorp offers a personal loan for self-employed professionals, fast and convenient.

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Personal Loan for Women

Personal loans for women provide hassle-free and quick funding to help female professionals achieve their goals.

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Personal Loan for Government Employees

Hero FinCorp offers low-interest rates, easy approvals, and quick disbursal on personal loans for government employees.

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Personal Loan for Education

Personal Loan finance in Hyderabad is a quick and convenient way to borrow loans for education without providing collateral.

Features and Benefits of Personal Loan in Hyderabad

Apply for a personal loan in Hyderabad with Hero FinCorp and enjoy the following features and benefits of our personal loan product.

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High Loan Amount

Hero FinCorp offers an instant loan of up to Rs 5 Lakh with minimum documentation, without collateral.

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Flexible Tenure

You can choose a repayment term ranging from 12 to 36 months based on your finances.

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Unsecured Loan

You don't have to put up any security in the form of assets, investments, or any other valuables to obtain this loan. 

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Multi-purpose Loan

You can use a personal loan for medical emergencies, child’s education, weddings expenses or any other personal use.

Eligibility Criteria for Instant Personal Loan in Hyderabad

To apply for a Personal Loan in Hyderabad through Hero FinCorp, you must meet the basic personal loan eligibility criteria listed below.

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Age

Your age should be between 21 and 58 years to apply for the loan.

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Citizenship

You must be an Indian citizen.

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Work Experience

Six months for salaried individuals and 2 years for self-employed individuals.

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Monthly Income

Your monthly income should be at least Rs 15,000.

Documents Required to Apply for a Personal Loan in Hyderabad

Are you planning to apply for Personal Loan finance in Hyderabad? The documents you must submit depend on whether you are a salaried employee or a self-employed professional. That is because the personal loan documentation requirements vary for both. Here is a brief overview of documentation requirements:

Documents Required For Salaried Employee

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Mandatory Documents

Duly filled application form, Passport-size photograph

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Identity Proof

Driving License, Passport, PAN Card, Aadhaar Card (Any One)

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Address Proof

Driving License, Passport, Aadhaar Card, Ration Card, Utility Bill (Any One)

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Ownership Proof

Residence Ownership Proof (Electricity Bill, Maintenance Bill, Property Document)

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Income Proof

Last 6 Months Salary Slips, Bank Statements, and Form 16

Documents Required For Self Employed

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Mandatory Documents

Duly filled application form, Passport-size photograph

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Identity Proof

Driving License, Passport, PAN Card, Aadhaar Card (Any One)

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Address Proof

Driving License, Passport, Aadhaar Card, Ration Card, Utility Bill (Any One), Office Address Proof (if applicable)

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Ownership Proof

Business Existence Proof (Tax Registration, Shop Establishment Proof, Company Registration Certificate)

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Income Proof

Last 6 Months' Bank Statements and ITR for 2 Years

Interest Rates and Charges on Personal Loans in Hyderabad

At Hero FinCorp, the personal loan interest rate in Hyderabad is competitive. However, you must know the other fees and charges beyond the interest rate. We do not charge any hidden fees without your prior knowledge. Here are a few expenses that make up your total loan cost:

Fees & ChargesAmount Chargeable
Interest RateStarting from 1.58% per month
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 Hyderabad?

Applying for a Hero FinCorp instant Personal Loan in Hyderabad is as simple as one can imagine. You can initiate your application either online through our website or offline by visiting our branch office or outlet in person. 

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Online

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    Visit the Hero FinCorp website or install the personal loan app

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    Go to the personal loan page and click ‘apply now

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    Enter your mobile number and verify with the OTP received

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    Choose the loan amount you need

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    Verify your KYC details to check income eligibility 

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    Click ‘Submit’ to complete your application

Frequently Asked Questions (FAQs)

Your income shows your repayment ability. Higher income improves your approval chances, but then your credit history also affects your Personal Loan eligibility.

No, you can easily apply for a Personal Loan in Hyderabad without a guarantor or security, as these are unsecured loans.

There are many factors like your age, debt-to-income ratio and credit score that are taken into consideration while approving a Personal Loan.
At Hero FinCorp, you can get loan approval within 10 minutes when you apply online through the website or loan app.
At Hero FinCorp, the Personal Loan interest rate in Hyderabad starts from 1.58% per month.
You can get up to Rs 5 Lakh Personal Loan from Hero FinCorp with a monthly salary of Rs 15,000 per month. However, the loan amount will depend on a lot of factors like credit score and your debt-to-income ratio.
Yes, self-employed professionals and businesspersons can easily obtain a Personal Loan with Hero FinCorp in Hyderabad.
At Hero FinCorp, the documentation requirement is minimal. You only need your KYC details and proof of income.
You can know the status of your Personal Loan application online through the Hero FinCorp loan app or customer care.
Certainly, you can use a Personal Loan for health-related purposes or medical emergencies without hesitation as these are unsecured loans with flexible usage.

You can calculate your EMI instantly using the personal loan emi calculator available on the Hero FinCorp website. You just require your loan amount, interest rate and repayment period.

Of course, you can avail a Personal Loan for any personal need without any hesitation because these are unsecured loans with flexible use.