Instant Approval
You can easily get approval for a Personal Loan in Kannur in 10 minutes when you apply online with Hero FinCorp.
Personal Loan in Kannur
Loan up to Rs 5 Lakh
Minimum Salary Required Rs 15K
Instant Approval in 10 minutes
Personal Loan EMI Calculator
Get Personal Loan in Kannur With Quick Disbursal
Kannur is a beautiful city in Kerala. It has a great past and a happy present. It is famous for its beaches, forts, temples, and scrumptious Malabar food. A unique blend of nature and heritage, Kannur is a good place to live and travel to. The city is undergoing good development, with improved roads and communications, which is making it easier for people to travel and do business here. The city has many small and medium industries that are engaged in furniture manufacturing, food processing, and shipbuilding. They provide regular employment to local people.
If you are a local resident requiring money to pay for wedding-related expenses, medical expenses, business needs or any other personal purpose, you can easily apply for an instant Personal Loan of up to Rs 5 Lakh from Hero FinCorp online. We will approve your loan within 10 minutes. We offer loans at competitive interest rates and flexible terms of up to 36 months to pay back the loan. Even if your income is Rs 15,000 per month, you can apply. It is an easy and reliable solution that can help you manage your expenses in a timely manner and pay back as per your capability.
Features And Benefits of Hero Fincorp Personal Loan in Kannur
Before applying for an instant Personal Loan in Kannur, knowing its features and benefits is important to understand what you are getting.
High Loan Amount
You can apply for a Personal Loan of up to Rs 5 Lakh from Hero FinCorp for various purposes online.
Attractive Interest Rates
At Hero FinCorp, the Personal Loan interest rate in Kannur starts from 1.58% per month.
Collateral-Free
Our Personal Loans are unsecured, so you do not need to provide any collateral, security, or guarantor.
Flexible Repayment Tenure
Our Personal Loans in Kannur come with repayment tenures of 12 to 36 months. You can use a personal loan EMI calculator to choose a suitable tenure.
Eligibility Criteria for Instant Personal Loan in Kannur
Before applying for an instant loan in Kannur, it is important to understand the eligibility requirements. At Hero FinCorp, the personal loan eligibility criteria are simple. Check out the details.
| Criteria | Requirement |
|---|---|
| Age | You should be between 21 and 58 years. |
| Citizenship | You should be a citizen of India. |
| Work Experience | Six months for salaried applicants and 2 years for self-employed applicants. |
| Monthly Income | You should have a minimum income of Rs 15,000 monthly |
List of Documents Required to Apply for a Personal Loan in Kannur
Documentation requirements are minimal for an instant loan at Hero FinCorp. Here are the personal loan documents required for salaried and self-employed applicants, including KYC, income proof, and employment details. The process is simple, ensuring quick verification and smooth disbursal with minimal paperwork.
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
Last Six Months Bank Statement, ITR for the Last Two Consecutive Years
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 Kannur
Hero FinCorp offers a competitive personal loan interest rate based on your eligibility, credit score, and income. Always review the applicable rates and charges before applying to ensure the loan aligns with your financial needs.
| 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 Kannur?
The Personal Loan application procedure at Hero FinCorp is completely digital and paperless. It is a simple 5-step process that makes funds available in minutes without hassle. Follow these steps to apply for an instant Personal Loan in Kannur from the comfort of your home:
- 01
Visit the Hero FinCorp website or install the personal loan app
- 02
Go to the personal loan page and click ‘apply now’
- 03
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
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Frequently Asked Questions (FAQs)
The EMI amount you pay depends on the interest rate, a certain percentage of the borrowed amount. The interest rate on Personal Loans in Kannur largely depends on several factors, including your credit score, principal amount, loan tenure, and repayment history.
Hero FinCorp is one of the best Personal Loan providers in Kannur, thanks to our competitive interest rates, flexible repayment terms, high-end customer service, and ample loan amounts.
The EMI of an instant cash loan in Kannur is based on your loan amount, interest rate and repayment tenure. You can use an EMI calculator to choose a loan term with EMIs you can conveniently afford.
The calculation of an Equated monthly instalment (EMI) of a Personal Loan requires your loan amount, the applicable rate of interest and repayment tenure. You can use the online EMI calculator to know the instalment amount easily.
The salary needed to apply for a Personal Loan varies from one lender to the other. When you apply for a loan with Hero FinCorp, you should have a monthly income of at least Rs 15,000.
No, you cannot get a Personal Loan without salary slips. If you are salaried, you can show other proof of income, such as your Form 16, bank statements and ITRs (income tax returns).
You can get approved for a Personal Loan for any emergency in less than 10 minutes when you apply online at Hero FinCorp.
Yes, every lender needs proof of income (can be pay slips, bank statements or Form-16) to process your application. It helps them know about your repayment capability.
Yes, some of the lenders may offer you a Personal Loan even when you have a low CIBIL score. But, they may not offer you a higher loan amount or affordable interest rates.
New-age loan apps like Hero FinCorp provide an instant Personal Loan of up to Rs 5 Lakh in Kannur at attractive rates.
No. Documents are a necessary requirement for a loan application. A few online lenders, like Hero FinCorp, do not ask you to submit physical copies of your documents. You just need your KYC details and income proof.
You can get approval for an instant cash loan for an emergency in less than 10 minutes online when you apply through the Hero FinCorp loan app or website.