Attractive Interest Rates:
The Personal Loan interest rate in Vadodara starts from 1.58% per month or 19% per annum.
Personal Loan in Vadodara
Loan up to ₹5 Lakh
Minimum Salary Required ₹15K
Instant Approval in 10 minutes
Personal Loan EMI Calculator
Get Personal Loan in Vadodara With Quick Approval
Vadodara, also known as Baroda, is one of the fastest growing cities in the state of Gujarat. With its robust industry base, educational institutions, and popular culture, it's a vibrant city to live and work. From wedding planning to taking care of unforeseen medical expenses or home improvement, a Personal Loan in Vadodara can help you meet different financial requirements with ease.
At Hero FinCorp, you can get up to Rs 5 Lakh with approval in less than 10 minutes. It has competitive rates of interest, flexible loan tenures of 12 to 36 months and no collateral requirement. Even if your monthly income is Rs 15,000, you are eligible to apply. With basic documentation requirements and a speedy online process, availing funds in Vadodara is easy and convenient.
Features And Benefits of Hero Fincorp Personal Loan Vadodara
Experience the convenience of a hassle-free instant loan online from Hero FinCorp, offering an array of attractive features and benefits.
Collateral-Free:
Our Personal Loans require no collateral, helping you get faster approvals than secured loans.
Flexible Repayment Tenure:
Our Personal Loans in Vadodara come with flexible repayment tenures of up to 36 months.
Instant Approval:
You can get a Personal Loan in Vadodara approved in 10 minutes with minimal documentation requirement.
High Loan Amount:
At Hero FinCorp, you can get up to Rs 5 Lakh online for various planned or unplanned expenses.
Eligibility Criteria for Instant Personal Loan in Vadodara
To apply for an instant loan in Vadodara with Hero FinCorp, you must meet the basic Personal Loan eligibility criteria listed below.
| Criteria | Requirement |
|---|---|
| Age | You should be between 21 and 58 years. |
| Citizenship | You should be a citizen of India. |
| Work Experience | Six months for salaried applicants and 2 years for self-employed applicants. |
| Monthly Income | You should have a minimum income of Rs 15,000 monthly. |
Documents Required to Apply for a Personal Loan in Vadodara
Planning to Apply for a Personal Loan in Vadodara? Ensure a smooth and efficient process by preparing the required documents for personal loan in advance. At Hero FinCorp, a trusted Personal Loan provider in Vadodara, we strive to simplify the process. Our team is dedicated to assisting you in gathering the necessary documents and guiding you through the application, ensuring a seamless experience.
Documents Required For Salaried Employee
Proof Of Photo Identity
Driver’s Licence, Passport, PAN Card, Aadhaar card
Mandatory Documents
Filled Loan Application Form, Passport Size Coloured Photograph
Proof of Income
Six Month Salary Slip & Bank Account Statement, Form 16
Job Continuity Proof
Appointment Letter From the Current Employer
Proof of Residence
Driver Licence, Passport, Aadhaar Card, Utility Bill
Documents Required For Self Employed
Proof Of Photo Identity
Driver’s Licence, Passport, PAN Card, Aadhaar card
Mandatory Documents
Filled Loan Application Form, Passport Size Coloured Photograph
Proof of Income
Last Six Months Bank Statement, ITR for the Last Two Consecutive Years
Proof of Residence
Maintenance Bill, Utility Bill, Property Documents, Rent Agreement
Proof of Business Existence
Copy of Tax Registration, Shop Establishment Proof, Company’s Registration Certificate
Interest Rates on Personal Loan in Vadodara
Hero FinCorp offers a competitive Personal Loan interest rate in Vadodara based on your eligibility, credit score, and income. Always review the applicable rates and charges before applying to ensure the loan aligns with your financial needs.
| 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 No Other Hidden Charges |
How to Apply For a Personal Loan in Vadodara?
Here’s how you can apply for a Personal Loan in Vadodara at Hero FinCorp:
Online
- 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
EMI or equated monthly instalment for Personal Loan consists of the loan amount, applicable interest rate and repayment tenure. You can use an online EMI calculator to know your monthly instalment amount instantly.
The salary requirement for a Personal Loan application is not the same for every lender. For instance, at Hero FinCorp, the minimum monthly salary requirement is Rs 15,000.
No, you cannot apply for a Personal Loan without salary slips. You can use other proof of income as a salaried employee, such as Form 16, bank statements, or ITRs (income tax returns)
If you urgently want to apply for a Personal Loan, applying online is the best option. At Hero FinCorp, to apply online for a Personal Loan, you will have to provide your KYC details and proof of income, and you can get a quick approval within 10 minutes.
Yes, you need to show proof of income, such as pay slips, Form-16, bank statements, ITRs and income tax returns etc., for Personal Loan application. Proof of income helps the lender know your repayment ability.
Yes, some loan providers may give you a Personal Loan with a low or poor CIBIL score. However, they may sanction a lower amount or charge a higher interest rate.
Loan apps like Hero FinCorp are known to offer you a Personal Loan in Vadodara online in minutes with minimal paperwork.
No. Documentation is a mandatory requirement for applying for a Personal Loan. Some online loan providers like Hero FinCorp do not require you to submit physical copies of your documentation. You will still need your KYC information and income proof.
Yes, you can receive approval for an instant cash loan within 10 minutes as long as you apply online via the Hero FinCorp app or website.
Amongst all, Hero FinCorp is a leading Personal Loan provider in Vadodara that offers up to Rs 5 Lakh to both salaried and self-employed individuals.