High Loan Amount:
An ample loan of up to Rs 5 Lakh can cover various planned and unplanned expenses. We put no end-use restrictions on loan usage, allowing you to use our instant Personal Loan in Jalandhar the way you want.
Personal Loan EMI Calculator
Get Personal Loan in Jalandhar With Quick Disbursal
Jalandhar is a city in Punjab lying alongside the Grand Trunk Road and is well-connected with road and rail networks. It is the third-most-populous city in the state and the biggest in the Doaba region. Jalandhar is primarily noted for sports goods manufacturing. The leather industry significantly contributes to the city's economy and is majorly famous for leather goods, bags, furniture, leather footwear, etc. The Indian government has selected Jalandhar to participate in the second phase of the Smart City Project, marking a significant shift in the city's development. Major attractions in Jalandhar include Devi Talab Mandir, Rangla Punjab Haveli, Pushpa Gujral Science City, Jang-e-Azadi Memorial, and Wonderland Theme Park.
Are you seeking a Personal Loan in Jalandhar for any planned or emergency expenses? Apply for one at Hero FinCorp to get the best loan offer according to your eligibility. Our Personal Loans come at competitive interest rates, flexible repayment terms, and easy EMIs to cover all needs without any end-use restrictions.
Features And Benefits of Hero FinCorp Personal Loan in Jalandhar
Know its features and benefits before applying for a Personal Loan in Jalandhar with Hero FinCorp. Here are they:
Attractive Interest Rates:
The attractive Personal Loan interest rate in Jalandhar is the most sought-after feature of Hero FinCorp instant loans. Instead of offering the same rates to everyone, we conduct thorough research and verification to determine your eligibility and offer you a reasonable interest rate.
Collateral-Free:
When you apply for an instant cash loan in Jalandhar at Hero FinCorp, you don't need to secure it with collateral free personal loans, guarantor, or security. We check your credit history to determine your credibility and approve the loan.
Flexible Repayment Tenure:
At Hero FinCorp, we don't force our customers to repay the loan amount quickly. We give them up to 36 months to repay the loan at their convenience. Personal loan EMI calculator is a great tool to help you make the right decision.
Instant Approval:
No collateral requirement, no branch visits, and zero paperwork accelerate application and approval processes, allowing us to approve loan applications almost instantly.
Eligibility Criteria for Instant Personal Loans in Jalandhar
At Hero FinCorp, we provide Personal Loan finance in Jalandhar to both salaried and self-employed individuals. If you plan to apply for one, go through our eligibility conditions to ensure you qualify. Let's look at the personal loan eligibility criteria at Hero FinCorp.
| Criteria | Requirement |
|---|---|
| Age | You should be more than 21 years of age at the time of loan application and be at most 58 years at the term end. |
| Citizenship | At Hero FinCorp, we provide Personal Loans to Indian citizens only. |
| Work Experience | We demand a work experience of at least two years for self-employed and six months for salaried individuals. |
| Monthly Income | You must have a minimum monthly income of Rs 15,000 to qualify for a Personal Loan at Hero FinCorp. |
Documents Required to Apply for a Personal Loan in Jalandhar
We are one of the only few personal loan providers in Jalandhar offering instant cash loans to both salaried and self-employed individuals. Since both types of applicants have different income proofs, their documentation requirements vary based on their profession. So, carefully review these requirements and ensure you prepare them before applying. Don't worry; you don't need to visit our branch office to submit these documents in hard copies. We accept scanned copies of these documents uploaded through our website.
Documents Required For Salaried Employee
Proof Of Photo Identity
Driver’s Licence, Passport, PAN Card, Aadhaar card
Mandatory Documents
Filled Loan Application Form, Passport Size Coloured Photograph
Proof of Income
Six Month Salary Slip & Bank Account Statement, Form 16
Job Continuity Proof
Appointment Letter From the Current Employer
Proof of Residence
Driver Licence, Passport, Aadhaar Card, Utility Bill
Documents Required For Self Employed
Proof Of Photo Identity
Driver’s Licence, Passport, PAN Card, Aadhaar card
Mandatory Documents
Filled Loan Application Form, Passport Size Coloured Photograph
Proof of Income
Six Month Salary Slip & Bank Account Statement, Form 16
Proof of Residence
Maintenance Bill, Utility Bill, Property Documents, Rent Agreement
Proof of Business Existence
Copy of Tax Registration, Shop Establishment Proof, Company’s Registration Certificate
Interest Rates on Personal Loans in Jalandhar
Interest rate is the most crucial factor affecting loan application and affordability. While we offer the most competitive personal loan interest rate in Jalandhar, it may vary 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 |
How To Apply For a Personal Loan in Jalandhar?
Ready to apply for a personal loan in Jalandhar? Follow these steps to complete the process instant personal loan online:
- 01
Click on the Apply Now button on our website's Personal Loan page to start the application process.
- 02
Fill out an online loan application form by entering your identity, financial, and employment details.
- 03
Provide KYC details and upload the required documents for loan processing.
- 04
Let our automated systems verify your details and documents, which take only a few minutes to complete.
- 05
Get a loan offer after approval, review it carefully, and accept it to get disbursal quickly.
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Frequently Asked Questions (FAQs)
The maximum loan amount available to borrow depends on the lender's policy. At Hero FinCorp, you can obtain up to Rs 5 Lakh Personal Loan in Jalandhar.
Comparing loan schemes, maintaining a high credit score, and reducing regular financial obligations are some ways to minimize the Personal Loan EMI amount.
Once we approve a Personal Loan application, we send you a loan offer with details like the approved loan amount, interest rate, and repayment tenure. You must review this offer and accept it to start loan processing. We take little time to disburse the loan directly into your bank account.