Personal Loan In Prakasam

logo
Loan up to ₹5 Lakh
logo
Minimum Salary Required ₹15K
logo
Instant Approval
Calculate Your Personal Loan EMI

Monthly EMI

₹ 0

Interest Payable

₹ 0

Get Personal Loan in Prakasam With Quick Approval

Prakasam is a city where nature meets growth, creating a unique blend of calm landscapes and burgeoning opportunities. This southern city is located in the heart of Andhra Pradesh, and is known for its peaceful surroundings, making it the perfect place for those seeking a serene lifestyle. The city is adorned with historical charm and reflects the cultural essence of Andhra Pradesh.

Beyond its scenic allure, Prakasam boasts a thriving local economy, with agriculture and industries playing a pivotal role. As a prominent district, Prakasam attracts individuals looking to build their lives in a place that offers tranquillity and economic prospects.

If you are in Prakasam and have dreams waiting to be fulfilled that need financial assistance, then Hero FinCorp is a trusted financial ally, offering quick-disbursal Personal Loan finance in Prakasam to fuel your aspirations. Apply for a Personal Loan in Prakasam while securing your dreams with Hero FinCorp's financial assistance.

We Offer a Wide Range of Personal Loans

Discover a reliable financial companion in Hero FinCorp for your loan needs in Prakasam. Our diverse Personal Loans in Prakasam are customised to suit your requirements:

1.png
Personal Loan for Self-Employed

These loans help finance personal and business expenses.

2.png
Personal Loan for Women

Empowerment through competitive interest rates and flexible repayment options.

3.png
Personal Loan for Government Employees

These loans offer various benefits, attractive interest rates, and convenient repayment terms.

4.png
Personal Loan for Education

Invest in education effortlessly, covering tuition fees and other educational expenses.

5_4d202076f4.png
Personal Loans for Doctors

Customised financial solutions for medical professionals.

6.png
Personal Loan for Travel

Fulfil your travel dreams with funds to explore the world.

7.png
Personal Loan for Wedding

Make your special day extraordinary, covering wedding expenses.

8.png
Personal Loan for Home Renovation

Upgrade your home aesthetics and transform your house into a dream home.

Features And Benefits of Hero FinCorp Personal Loan in Prakasam

Hero FinCorp's Instant Personal Loan in Prakasam offers a seamless financial journey. Here are the benefits:

high-loan-amount.png
High Loan Amount:

Access large loan amounts up to Rs 5 Lakh.

attractive.png
Attractive Interest Rate

Enjoy affordable monthly repayments with our competitive rates.

Collateral.png
Collateral-Free

Simplify your application process by securing a loan without pledging collateral.

repayment-tenure.png
Flexible Repayment Tenure

Our instant loans are made to offer a flexible repayment tenure.

instant-app.png
Instant Approval

Experience quick approval for instant access to funds. 

Eligibility Criteria for Instant Personal Loan in Prakasam

Get fast approval for your Instant Personal Loan in Prakasam with our simple eligibility criteria:

HFCL_age_icon
Age

Applicants should be aged between 21 and 58.

citizenship.png
Citizenship

Our eligibility extends to Indian citizens.

work-experience.png
Work Experience

6 months for salaried individuals and 2 years for self-employed individuals.

monthly_income.png
Monthly Salary

Applicants should have a salary of at least Rs 15,000.

Documents Required to Apply for a Personal Loan in Prakasam

Want to apply for a Personal Loan in Prakasam? Prepare your documents for a fast and convenient process. Unlike unorganised Personal Loan providers in Prakasam, Hero FinCorp strives to simplify the application process with just a few documents.

Documents Required for Salaried Employee

identity_proof.png
Proof Of Photo Identity

Driving License, Passport, PAN Card, Aadhaar Card

mand-doc.png
Mandatory Documents

Loan Application Form, Passport Size Photo

income.png
Proof of Income

6 Months’ Salary Slips & Bank Statements, Form 16

ownership.png
Job Continuity Proof

Appointment Letter from Current Employer

addr.png
Proof of Residence

Driving License, Passport, Aadhaar Card, Utility Bill

mandatory_documents.png
Additional Documents (Self-Employed Only)

N/A

Documents Required for Self-Employed

identity_proof.png
Proof Of Photo Identity

Driving License, Passport, PAN Card, Aadhaar Card

mand-doc.png
Mandatory Documents

Loan Application Form, Passport Size Photo

income.png
Proof of Income

Last 6 Months’ Bank Statements, ITR for Last 2 Years

ownership.png
Job Continuity Proof

N/A

addr.png
Proof of Residence

Maintenance Bill, Utility Bill, Property Documents, Rent Agreement

mandatory_documents.png
Additional Documents (Self-Employed Only)

Copy of Tax Registration, Shop Establishment Proof, Company's Registration Certificate

Interest Rates on Personal Loans in Prakasam

Discover affordable Personal Loan interest rates in Prakasam, starting from 19% annually. There are no excessive charges on top of your borrowed principal. Explore our transparent fee structure and learn more about the applicable charges for a comprehensive understanding.

Interest Rate

Starting from 1.58% per month

Loan Processing Charges

Minimum Processing fee is 2.5%+ GST

Prepayment Charges

NA

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 Prakasam?

Securing a Personal Loan in Prakasam is a simple process with Hero FinCorp. Follow these steps to experience a seamless and efficient application process:

hfc

  • 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

Frequently Asked Questions (FAQs)

You can apply for a Personal Loan in Prakasam using the Hero FinCorp website or Personal Loan app on your smartphone and experience a hassle-free application process. You can also visit the Hero FinCorp branch for an offline loan application procedure.
The approval time for a Personal Loan in Prakasam can vary, but Hero FinCorp strives to provide quick approvals within 48 hours of application submission.
  • For loan amounts up to Rs 20,000, there are no prepayment charges.
  • If the loan amount is between Rs 20,000 and Rs 1,00,000, the prepayment charge is 5% + GST of the principal outstanding.
  • For loan amounts of Rs 1,00,000 and above, the prepayment charge remains 5% + GST of the principal outstanding.