High Loan Amount:
At Hero FinCorp, we offer Personal Loans in Kakinada with loan amounts of up to 5 Lakh.
Personal Loan EMI Calculator
Get a Personal Loan in Kakinada With Quick Approval
Kakinada is a city that boasts of panoramic landscapes and a lively culture. It is home to several attractions that are sure to engage visitors. The Coringa Wildlife Sanctuary is a must-visit for nature lovers, while those who enjoy spending time by the sea can head to Kakinada Beach. Those requiring instant cash can connect to Hero FinCorp. We offer Personal Loans in Kakinada to both salaried and self-employed individuals at attractive interest rates and flexible repayment tenures.
Features And Benefits of Hero Fincorp Personal Loan Kakinada
Experience the advantages of choosing Hero FinCorp for your Personal Loan in Kakinada:
Attractive Interest Rate
We offer competitive interest rates, making Personal Loans easier to handle.
Collateral-Free
Hero FinCorp's Personal Loans in Kakinada are collateral-free.
Flexible Repayment Tenure
Our Personal Loans in Kakinada come with flexible tenures of 6 to 36 months.
Instant Approval
Apply online and get quick approval for your instant Personal Loan in Kakinada.
Eligibility Criteria for Instant Personal Loan in Kakinada
Check your eligibility effortlessly based on the following:
| Criteria | Details |
|---|---|
| Age | To apply for our Personal Loan, you must be at least 21 years old and no older than 58 years. |
| Citizenship | You must meet certain eligibility criteria to apply for a Personal Loan in Kakinada. |
| Work Experience | Salaried individuals: 6 months, self-employed: 2 years. |
| Monthly Income | The minimum monthly income required is Rs 15,000. |
Documents Required to Apply for a Personal Loan in Kakinada
As one of Kakinada's preferred Personal Loan providers, we require some basic documents to process the loan. These include:
Documents Required for Salaried Employee
Proof Of Photo Identity
Driving License, Passport, PAN Card, Aadhaar Card
Mandatory Documents
Loan Application Form, Passport Size Photo
Proof of Income
6 Months’ Salary Slips & Bank Statements, Form 16
Job Continuity Proof
Appointment Letter from Current Employer
Proof of Residence
Driving License, Passport, Aadhaar Card, Utility Bill
Additional Documents (Self-Employed Only)
N/A
Documents Required for Self-Employed
Proof Of Photo Identity
Driving License, Passport, PAN Card, Aadhaar Card
Mandatory Documents
Loan Application Form, Passport Size Photo
Proof of Income
Last 6 Months’ Bank Statements, ITR for Last 2 Years
Job Continuity Proof
N/A
Proof of Residence
Maintenance Bill, Utility Bill, Property Documents, Rent Agreement
Additional Documents (Self-Employed Only)
Copy of Tax Registration, Shop Establishment Proof, Company's Registration Certificate
Interest Rates on Personal Loans in Kakinada
Our Personal Loan interest rates are competitive, so you can manage your loan without worrying about unreasonable charges.
| 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 Kakinada?
If you are looking for a Personal Loan in Kakinada, Hero FinCorp has got you covered. Here’s a stepwise guide to apply for an instant cash loan in Kakinada.
- 1
Visit the Hero FinCorp website or install the personal loan app
- 2
Go to the Personal Loan page and click ‘Apply Now’
- 3
Enter a few necessary details like your personal, professional, employment, and financial information.
- 4
Scan and upload the required documents, including your identity, address, and income proofs.
- 5
Get approval with a loan offer after the verification.
- 6
Accept the loan offer to initiate the disbursal process.
What Our Clients Say About Us
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Frequently Asked Questions (FAQs)
Identity proof like an Aadhaar card, PAN card, Driving License, along with address proof like utility bills, income proof, and employment proof, would be sufficient.
Secured Personal Loans require collateral, while unsecured Personal Loans do not require collateral. The interest rates of secured loans may be lower, while unsecured loans may have higher interest rates.