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Salem is a south Indian state in Tamil Nadu located on the banks of the Thirumanimutharu River. It is the first biggest urban agglomeration in the state after Chennai, Madurai, and Coimbatore. Primarily, the city is famous for its business in sago, silver anklets, textiles, steel, and mangoes. Featuring a tropical savanna type of climate, the city has pleasant January and February months, with hot summers in March and April. Some major attractions in Salem include Muttal, Sangagiri Fort, Yercaud, Kurumbapatti Zoo, Kandhasamy Kovil, and many others.
Are you looking for a Personal Loan in Salem? You can get the best loan offer at Hero FinCorp. We offer easy Personal Loans online at competitive interest rates with flexible repayment terms. You can borrow according to your requirement and repay it in EMIs over a convenient repayment term.
Find out the various loan types we offer to different borrowers according to their needs.
Personal Loan for With instant approval and low Personal Loan interest rate in Salem, personal loan for self employed professionals can use the funds for various purposes.
Personal Loan for Women professionals can cover all their personal expenses with an instant cash loan in Salem and manage their instalments conveniently.
Personal Loan for Loan for Government employees can choose a Personal Loan when they need additional funds for education, wedding, home renovation, vacation loan, or medical emergencies.
Personal Loan for A Personal Loan for education helps finance different aspects of higher studies in India or abroad, including travel, tuition, and living expenses.
Personal Loan for Medical professionals can apply for a Personal Loan online to efficiently handle their expenses and big-ticket purchases.
Personal Loan for Finance family vacations loan and trips to any domestic or international destination with the Hero FinCorp Personal Loan for travel.
Personal Loan for Need Personal loan for marriage celebrations? Use a Personal Loan for your expenses and repay with ease instead of draining your savings.
Personal Loan for A Personal Loan for home renovation at Hero FinCorp helps you to cover the costs of repair, maintenance, remodelling, and more for your house.
Select Loan Amount
₹
Min ₹ 50,000
Max ₹ 3,00,000
Interest Rate
11 %
Min 11% p.a
Max 35% p.a.
Select Loan Repay Duration
12 Months
Min 6 Months
36 Months
We are one of the best Personal Loan providers in Salem, offering unsecured funding options with the following features and benefits:
A significant advantage of a Hero FinCorp Personal Loan is its high loan amount of up to Rs 5 Lakh. Unlike other loan types, you can use a Personal Loan for any necessity without any end-use limitations. Simply put, it is an easy way to get out of an immediate cash crunch.
We offer Personal loans at attractive interest rates, making them easily affordable for all. Fixed interest rates keep the EMIs constant throughout the loan tenure, so you don't need to worry about fluctuating EMIs and manage your finances better.
If you qualify for a Collateral Free Personal Loan at Hero FinCorp, you will not need to provide collateral to apply for one. Thus, your personal assets remain safe while gaining financial assistance. Fulfil our eligibility conditions and provide us with the required documents, and you are good to go!
To repay your Personal Loan in Salem, you can choose an EMI amount that best suits your repayment capacity. The shorter the tenure, the bigger the EMIs, and vice versa. Our flexible tenures let you choose a repayment term that works for you the best.
Loan approval is quick, provided you meet our personal loan eligibility criteria and provide us with the required documents. A good credit score is a definite advantage, as it establishes your loan eligibility and attracts instant approval without hassle.
We at Hero FinCorp grant unsecured Personal Loan finance in Salem to all individuals who meet our eligibility conditions. Don't worry; our eligibility criteria are as simple as possible, including your age, income, employment, and work experience. Here are the eligibility conditions you must meet to qualify for a Personal Loan at Hero FinCorp:
Age You must be between 21 to 58 years of age to apply for our instant cash loan in Salem.
Citizenship We offer instant Personal Loans without collateral to Indian citizens only.
Work Experience We prefer candidates with a minimum work experience of two years for self-employed and six months for salaried individuals.
Monthly Income You must earn a minimum of Rs 15,000 monthly to get a Personal Loan at Hero FinCorp.
Minimal documentation requirements make Personal Loans faster to process. At Hero FinCorp, we require only a limited number of documents to approve Personal Loan applications. Since we follow digital procedures with online approval, you don't need to visit our branch office and submit the required documents. You can scan and upload them online for faster verification and get your loan granted instantly. All that makes the Personal Loan process truly hassle-free at Hero FinCorp. We can help you escape a financial crisis faster than you think.
Below, you will discover different documentation requirements for salaried and self-employed individuals.
Driver’s Licence, Passport, PAN Card, Aadhaar card
Filled Loan Application Form, Passport Size Coloured Photograph
Six Month Salary Slip & Bank Account Statement, Form 16
Appointment Letter From the Current Employer
Driver Licence, Passport, Aadhaar Card, Utility Bill
Driver’s Licence, Passport, PAN Card, Aadhaar card
Filled Loan Application Form, Passport Size Coloured Photograph
Last Six Months Bank Statement, ITR for the Last Two Consecutive Years
Maintenance Bill, Utility Bill, Property Documents, Rent Agreement
Copy of Tax Registration, Shop Establishment Proof, Company’s Registration Certificate
Are you looking for a Personal Loan but want to know about the Personal Loan interest rate in Salem? At Hero FinCorp, you can get the lowest rate if you fulfil these conditions:
| Fees & Charges | Amount Chargeable |
|---|---|
| Interest Rate | Starting from 1.75% per month or 21% per annum |
| Loan Amount | ₹50,000 to ₹5 Lakh |
| Loan Processing Charges | Minimum Processing fee is 2.5%+ GST |
| Interest on Overdue EMIs | 1-2% of the loan/EMI Overdue Amount Per Month |
| Foreclosure Charges | 5% + GST |
| Bounce Charges | 350/- |
| 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 |
| No Other Hidden Charges | |
Hero FinCorp Personal Loan in Salem is the easiest way out when you need additional funds without too many formalities of branch visits and paperwork. Our loan procedure is entirely online, making the process swift, transparent, and customisable. Moreover, we offer competitive Personal Loan interest rates in Salem. Use these steps to obtain Personal Loan now and enjoy a great deal of benefits like never before!
Contact our customer representative for further information about an instant Personal Loan in Salem.
While looking for a Personal Loan in Salem, look at the lender’s loan amount, interest rate, repayment terms, customer service, processing charges, etc., to get the best loan offer.
A Personal Loan EMI calculator is an online tool that helps calculate EMIs for different loan terms. Based on its results, you can opt for a repayment tenure with budget-friendly EMIs.
At Hero FinCorp, we offer Personal Loans of up to Rs 3 Lakh. However, the loan approval depends on your income, DTI ratio, credit history, and other crucial factors.
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