High Loan Amount
Our loan amount is as high as Rs 5 Lakh to meet your funding requirements.
Personal Loan in Paradeep
Loan up to Rs 5 Lakh
Minimum Salary Required Rs 15K
Instant Approval
Personal Loan EMI Calculator
Get a Personal Loan in Paradeep With Quick Approval
Paradeep is a city in Odisha that has a plethora of industries and tourist spots. It is an important seaport that creates jobs for many people. Despite being an industrial hub, Paradeep has a beautiful beach with clear blue water and sandy stretches. It's a great place for relaxing and exploring.
If you are someone who is looking for instant financial support, then consider Hero FinCorp as your financial ally. We offer personal loans in paradeep to help people in need of financial assistance. With minimal documentation, instant approvals, and affordable interest rates, these loans are the best financial solutions in Paradeep.
Features And Benefits of Hero FinCorp Personal Loan Paradeep
Check out the benefits of our Personal Loans in Paradeep:
Attractive Interest Rate
We offer a competitive rate of interest starting from 19% per annum.
Collateral-Free
At Hero FinCorp, we don’t ask you to pledge any valuables to obtain the loan.
Flexible Repayment Tenure
Get a flexible repayment tenure ranging from 12-36 months.
Instant Approval
Take advantage of our instant approvals for Personal Loans in Paradeep.
Eligibility Criteria for Instant Personal Loan in Paradeep
Here are the requirements you need to meet to be eligible for an instant Personal Loan in Paradeep. Review the Eligibility Criteria for Personal Loan before applying.
| Criteria | Details |
|---|---|
| Age | You need to be within the age bracket of 21 years and 58 years. |
| Citizenship | You need to be an Indian citizen. |
| Work Experience | For salaried employees: 6 months, and for self-employed employees: 2 years. |
| Monthly Income | You must provide a minimum monthly income of Rs 15,000. |
Documents Required to Apply for a Personal Loan in Paradeep
To get a Personal Loan in Paradeep, you just need to upload the following documents to complete your loan request. Ensure you have all the required documents for Personal Loan ready before applying.
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 Paradeep
We offer a competitive rate of interest starts from 19% per annum.
| 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 Paradeep?
Our personal loan in paradeep offers you an attractive rate of interest, a high loan amount, and a flexible repayment period. Just follow the steps below to apply for a loan:
- 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
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Frequently Asked Questions (FAQs)
There is no such limit on your Personal Loans. But be mindful with your loan application. Because multiple loan applications might impact your credit score.
Personal Loans taken for home renovation or repair are eligible for a tax deduction under Section 24(b) of the Income Tax Act.
We calculate your loan eligibility based on your age, credit score, income and current financial obligations.
No, the maximum age to apply for a Personal Loan in Paradeep with Hero FinCorp is 58 years.
Yes, you can, but to negotiate you need to have a stable income or good credit history.