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Get a Personal Loan in Khammam With Quick Approval
Khammam is situated in the Indian state of Telangana, where cultural heritage and industries coexist. The city features the historical Khammam Fort, an architectural gem reflecting its heritage. The Kinnerasani Wildlife Sanctuary provides a peaceful escape, displaying various plants and animals. Khammam is home to industries such as coal mining, cement production, and textiles, playing a vital role in its economy. Explore local markets for handicrafts and traditional items.
Experience the essence of Khammam, where tradition meets progress. A Personal Loan in Khammam is the solution if you are looking for instant funds for travel, education, weddings, home renovations, or medical emergencies. For quick and hassle-free financial solutions, turn to Hero FinCorp and ensure you have the support you need to fulfil your aspirations in this dynamic city.
Features and Benefits of Hero FinCorp Personal Loan in Khammam
With Hero FinCorp, borrowers get multiple benefits when they apply for a Personal Loan in Khammam.
Attractive Interest Rate
Hero FinCorp offers competitive interest rates so you can easily manage monthly EMIs.
Collateral-Free
Benefit from our collateral-free Personal Loans. We simplify your instant cash loan in Khammam.
Flexible Repayment Tenure
Our instant loans come with a flexible repayment tenure of up to 36 months.
Instant Approval
Experience fast verification for instant access to funds, eliminating unnecessary wait times.
Eligibility Criteria for Instant Personal Loan in Khammam
Hero FinCorp brings you easy Personal Loans in Khammam with certain eligibility criteria.
| Criteria | Details |
|---|---|
| Age | The loan applicants should be between 21 and 58 years old. |
| Citizenship | We offer loans to Indian citizens only. |
| Work Experience | Salaried individuals: six months, self-employed: 2 years. |
| Monthly Income | Applicants must have a stable income with a minimum monthly salary of Rs 15,000. |
Documents Required to Apply for a Personal Loan in Khammam
Applying and getting an instant cash loan in Khammam is simple with Hero FinCorp, requiring only a few documents for fast approvals.
Documents Required for Salaried Employee
Proof Of Photo Identity
Driving Licence, Passport, PAN Card, Aadhaar card
Mandatory Documents
Filled Loan Application Form, Passport Size Coloured Photograph
Proof of Income
Six Months’ Salary Slips & Bank Account, Form 16
Job Continuity Proof
Appointment Letter From the Current Employer
Proof of Residence
Driving Licence, Passport, Aadhaar Card, Utility Bill
Documents Required for Self-Employed
Proof Of Photo Identity
Driving 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 a Personal Loan in Khammam
With Hero FinCorp, borrowers get attractive interest rates in Khammam. With our transparent fee structure and loan charges, applicants can expect no hidden charges.
| Fees & Charges | Amount Chargeable |
|---|---|
| Interest Rate | Starting from 1.58% per month |
| 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 Khammam?
Obtaining an instant personal loan in khammam is fast and convenient with Hero FinCorp. Follow these steps:
- 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 your mobile number and verify with the OTP received
- 4
Choose the loan amount you need
- 5
Verify your KYC details to check income eligibility
- 6
Click ‘Submit’ to complete your application
What Our Clients Say About Us
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Frequently Asked Questions (FAQs)
Hero FinCorp offers competitive interest rate for personal loan based on factors like credit history/score, income, and further policies.
The best repayment option is monthly EMIs, where you can replay small lump sums in easy monthly installments until a decided tenure.
Common reasons for Personal Loan rejection include a low credit score, insufficient income, high debt-to-income ratio, unstable employment history, inaccurate information, multiple applications, existing loans, age criteria, and missing documentation.
A Personal Loan is an unsecured loan that provides funds for various purposes like emergencies, debt consolidation, or significant expenses. Borrowers receive a lump sum and repay it through fixed installments (EMIs) with interest, and the loan term ranges from 1 to 3 years.