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Kannur is a spectacular city in Kerala with a lot of historical significance. It has several beaches, monuments, forests, and religious places. Known for its food, spices, and Malabar cuisine, Kannur has ample opportunities for business as well as jobs. Due to relaxed restrictions, starting a business in Kannur is easier than other places. The city is developing at a fast pace, and the transportation and communication lines are rapidly improving. Furniture manufacturing, shipbuilding, food processing, and general engineering are the major industries in Kannur. Want to spend a relaxed time in Kannur? Some major attractions are St. Angelo Fort, Arakkal Museum, Payyambalam Beach, Kannur Lighthouse, and Parassinikkadavu Snake Park.
Whether you are a salaried or a self-employed individual, you can avail of a Personal Loan in Kannur to cover various expenses. At Hero FinCorp, you can get a loan of up to Rs 5 Lakh at competitive interest rates and with no end-use restrictions.
Personal Loan for While doing business is easy in Kannur, getting a Personal Loan is even simpler with a Hero FinCorp Kannur Personal Loan for self-employed.
Personal Loan for More women are gaining education and financial independence in Kerala, and a Personal Loan for women supports them financially to achieve their goals and dreams.
Personal Loan for Kannur has efficient government departments. The employees can get a Personal Loan to aid their dreams.
Personal Loan for Kannur has an average literacy rate of 96.21%, and a Personal Loan for education can help more people get the education they deserve.
Personal Loan for Kannur has a high doctor-to-patient ratio of 42:10,000 and a Personal Loan for doctors can help them improve their services.
Personal Loan for Want to go out of Kannur and visit more places? Get a travel loan to cover the expenses.
Personal Loan for Weddings in Kannur are traditional and mellow, the expenses of which you can easily cover with a marriage loan.
Personal Loan for Want to make your house trendy and functional? Get an instant cash loan in Kannur to style it your way.
Select Loan Amount
₹
Min ₹ 50,000
Max ₹ 3,00,000
Interest Rate
11 %
Min 11% p.a
Max 35% p.a.
Select Loan Repay Duration
12 Months
Min 6 Months
36 Months
Before applying for an instant Personal Loan in Kannur, knowing its features and benefits is important to understand what you are getting.
An ample loan amount of up to Rs 5 Lakh is good enough to cover various expenses related to weddings, education, home renovation, medical emergency, or vacation. These loans have no end-use restrictions, making them the best funding options for various needs.
A low-interest rate means cheaper loan costs and saved money. So, improve your credit history, maintain a stable job, and reduce your existing financial obligations to get the best interest rate on your Personal Loan in Kannur.
The collateral-free nature of Personal Loans makes them the most sought-after funding options in India. While many liquidate their assets, gold, and shares during financial emergencies, Hero FinCorp provides them with the required funding without any collateral, security, or guarantor.
Aiming to keep the repayment easier on your monthly budgets, we offer flexible loan terms that you can choose according to your repayment capacities. Use a Personal Loan EMI calculator to decide on a loan term with EMIs that best suit your monthly affordability.
At Hero FinCorp, we support 100% digital loan procedures that you can complete without leaving your doorstep. Whenever you need instant cash for an emergency, we approve loans quickly and disburse the loan amount directly into your bank account.
Are you looking for a Personal Loan provider in Kannur with easily accessible funds? Hero FinCorp is the name you can depend on. We have simplistic eligibility criteria that most earning individuals can fulfill. Go through our eligibility conditions, and we are sure you will find them easier than most other loan companies:
Age We have a broad age bracket of 21 to 58 years for Personal Loan applicants.
Citizenship You must be an Indian citizen to qualify for our Personal Loan.
Work Experience You should be in the current business for at least two years and if you are a salaried individual you should be employed for at least 6 months.
Monthly Income An Income of at least Rs 15,000 is required to prove affordability and timely repayment capacity.
Personal Loans are unsecured funding options that do not involve any guarantor, deposit, or collateral. So, we verify your details and credibility with the help of documents. Don't worry; we do not call you to our branch office to submit these papers. While applying for a Personal Loan in Kannur at Hero FinCorp, you can scan and upload copies through our website or app.
Documentation requirements differ for salaried and self-employed individuals. Look at the following table to see which documents you need to provide:
Driver’s Licence, Passport, PAN Card, Aadhaar card
Filled Loan Application Form, Passport Size Coloured Photograph
Six Month Salary Slip & Bank Account Statement, Form 16
Appointment Letter From the Current Employer
Driver Licence, Passport, Aadhaar Card, Utility Bill
Driver’s Licence, Passport, PAN Card, Aadhaar card
Filled Loan Application Form, Passport Size Coloured Photograph
Last Six Months Bank Statement, ITR for the Last Two Consecutive Years
Maintenance Bill, Utility Bill, Property Documents, Rent Agreement
Copy of Tax Registration, Shop Establishment Proof, Company’s Registration Certificate
Being concerned about interest rates is obvious while looking for a Personal Loan. However, it largely depends on your credit history and financial position. We determine Personal Loan interest rates based on the following factors:
| Fees & Charges | Amount Chargeable |
|---|---|
| Interest Rate | Starting from 1.75% per month or 21% per annum |
| Loan Amount | ₹50,000 to ₹5 Lakh |
| Loan Processing Charges | Minimum Processing fee is 2.5%+ GST |
| Interest on Overdue EMIs | 1-2% of the loan/EMI Overdue Amount Per Month |
| Foreclosure Charges | 5% + GST |
| Bounce Charges | 350/- |
| 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 |
| No Other Hidden Charges | |
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:
Once you complete the application process, Hero FinCorp verifies your details and documents and sends you a loan offer per your eligibility, if everything is in order. Review this offer carefully and accept it for disbursal within a few hours.
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.
As mentioned earlier, the interest rates are not fixed for an instant Personal Loan in Kannur. The rates largely depend on your income, repayment capacity, credit history, and other factors.
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.
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