High Loan Amount:
Access large loan amounts up to Rs 5 Lakh.
Personal Loan In Prakasam
Loan up to Rs 5 Lakh
Minimum Salary Required Rs 15K
Instant Approval
Personal Loan EMI Calculator
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.
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:
Attractive Interest Rate
Enjoy affordable monthly repayments with our competitive rates.
Collateral-Free
Simplify your application process by securing a loan without pledging collateral.
Flexible Repayment Tenure
Our instant loans are made to offer a flexible repayment tenure.
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:
| Criteria | Details |
|---|---|
| Age | Applicants should be aged between 21 and 58. |
| Citizenship | Our eligibility extends to Indian citizens. |
| Work Experience | 6 months for salaried individuals and 2 years for self-employed individuals. |
| Monthly Income | 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
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 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.
| 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 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:
- 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
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.