Personal Loan EMI Calculator
Kolkata, better known as the City of Joy, is a city full of life, tradition, and growing opportunities. With growing expenses, Personal Loans have become a popular choice for quick cash requirements. At Hero FinCorp, you can get a Personal Loan in Kolkata of up to Rs 5 Lakh with approval in less than 10 minutes. Our loans come with attractive interest rates and flexible tenures. Whether you're salaried or self-employed, if your monthly income is Rs 15,000, you can apply easily and use the funds for various planned or unplanned needs.
When applying for a personal loan in Kolkata, be sure the features available to you include time and cost-saving benefits. Here are some features of Hero FinCorp Personal Loans that set us apart.
Our loans don't require collateral, so you don't need to pledge any assets to apply for a loan.
Our loans offer flexibility, with repayment tenures of up to 36 months.
We understand the urgency of financial issues, that's why we approve loans instantly.
We offer personal loans of up to Rs 5 Lakh so you can confidently tackle financial challenges.
Take advantage of our competitive personal loan interest rates, starting from 19%* per annum.
Before applying, make sure you meet the Personal Loan eligibility criteria. Here are the details.
| Criteria | Requirement |
|---|---|
| Age | Applicants should be between 21 and 58 years. |
| Citizenship | You should be a citizen of India. |
| Work Experience | Six months for salaried individuals and 2 years for self-employed individuals. |
| Monthly Income | Applicant should at least earn a minimum amount of Rs 15,000 monthly. |
Are you looking for an urgent cash loan in Kolkata? The documentation requirements may vary based on whether you are salaried or self-employed. It's advisable to check the required Personal Loan documents in advance to ensure a smooth and hassle-free application process.
Driver’s Licence, Passport, PAN Card, Aadhaar card
Loan Application Form, Passport Size Photo
6 Months’ Salary Slips & Bank Statements, Form 16
Appointment Letter from Current Employer
Driving License, Passport, Aadhaar Card, Utility Bill
N/A
Driver’s Licence, Passport, PAN Card, Aadhaar card
Filled Loan Application Form, Passport Size Coloured Photograph
Last 6 Months’ Bank Statements, ITR for Last 2 Years
N/A
Maintenance Bill, Utility Bill, Property Documents, Rent Agreement
Copy of Tax Registration, Shop Establishment Proof, Company's Registration Certificate
Unlike private loan providers in Kolkata, our loan charges are transparent and nominal. However, knowing the loan-related charges and fees is always better before making a borrowing decision. Here is detailed information about the costs involved:
| 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 |
Need an instant personal loan online in Kolkata? Here’s how you can get it with Hero FinCorp.
Visit the Hero FinCorp website or install the personal loan app
Go to the personal loan page and click on ‘apply now’
Enter your mobile number and verify with the OTP received
Choose the loan amount you need
Verify your KYC details to check income eligibility
Click ‘Submit’ to complete your application
We consider the following factors while deciding on the maximum loan amount: Applicant's age and income, Credit history, Employer reputation, and Debt-to-income ratio.
