High Loan Amount
With Hero FinCorp, you can up to Rs 5 Lakh Personal Loan in Vellore for various purposes without collateral.
Personal Loan in Vellore
Loan up to Rs 5 Lakh
Minimum Salary Required Rs 15K
Instant Approval in 10 Minutes
Personal Loan EMI Calculator
Get Personal Loan in Vellore With Quick Disbursal
Vellore, well-known for its rich past and growing educational & healthcare sectors, is developing into a vibrant city. With growing personal expenses, Personal Loans have become a go-to solution for instant cash support. At Hero FinCorp, you can get up to Rs 5 Lakh Personal Loan in Vellore with attractive interest rates and flexible tenures. Whether you're salaried or self-employed, if you have a monthly income of Rs 15,000, you can apply easily online and get approval in less than 10 minutes.
Features and Benefits of Personal Loan in in Vellore
Look at the features and benefits of Hero FinCorp Personal Loans to make better-informed borrowing decisions:
Attractive Interest Rates
The Personal Loan interest rates at Hero FinCorp start from 1.58% per month or 19% per annum.
Collateral-Free
You can get collateral free personal loans at Hero FinCorp without a security, or guarantor.
Flexible Repayment Tenure
You can choose a repayment tenure of 12 to 36 months. You use a personal loan emi calculator to choose a suitable tenure.
Instant Approval
You can get approval for a Personal Loan in 10 minutes when you apply on the Hero FinCorp website or app.
Eligibility Criteria for Instant Personal Loan in Vellore
Personal loan eligibility criteria at Hero FinCorp are clear and favourable for most applicants. We are dedicated to making personal finance accessible to all without hassle, thanks to our simple eligibility conditions and no collateral requirement. Although they may differ from case to case, these are the standard eligibility conditions you must fulfil:
| Criteria | Requirement |
|---|---|
| Age | Applicant should be between 21-58 years. |
| Citizenship | You should be a citizen of India. |
| Work Experience | Six months for salaried individuals and 2 years for self-employed individuals. |
| Monthly Income | Applicant should at least earn a minimum amount of Rs 15,000 monthly. |
List of Documents Required to Apply for a Personal Loan in Vellore
At Hero FinCorp, the documentation requirements vary for salaried and self-employed individuals. It's important to check the required personal loan documents in advance to ensure a smooth and hassle-free application process.
Documents Required For Salaried Employee
Mandatory Documents
Duly filled application form, Passport-size photograph
Identity Proof
Driving License, Passport, PAN Card, Aadhaar Card (Any One)
Address Proof
Driving License, Passport, Aadhaar Card, Ration Card, Utility Bill (Any One)
Ownership Proof
Residence Ownership Proof (Electricity Bill, Maintenance Bill, Property Document)
Income Proof
Last 6 Months Salary Slips, Bank Statements, and Form 16
Documents Required For Self Employed
Mandatory Documents
Duly filled application form, Passport-size photograph
Identity Proof
Driving License, Passport, PAN Card, Aadhaar Card (Any One)
Address Proof
Driving License, Passport, Aadhaar Card, Ration Card, Utility Bill (Any One), Office Address Proof (if applicable)
Ownership Proof
Business Existence Proof (Tax Registration, Shop Establishment Proof, Company Registration Certificate)
Income Proof
Last 6 Months Bank Statements and ITR for 2 Years
Interest Rate and Charges for Personal Loan in Vellore
Before applying, check out the personal loan interest rates and other charges. At Hero FinCorp, there are no hidden charges. Here are the details.
| 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 Vellore?
You can apply for a Hero FinCorp personal loan in vellore online. The application process is simple to follow. You can apply for a personal loan in just a few clicks without visiting our office. These are the steps to follow:
- 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
Blogs
Frequently Asked Questions (FAQs)
While looking for a Personal Loan in Vellore, look at the lender’s loan amount, interest rate, repayment terms, customer service, processing charges, etc., to get the best loan offer.
The rate of interest rate for a Personal Loan at Hero FinCorp starts from 1.58% per month or 19% per annum.
You can apply for a Personal Loan in Vellore online through the Hero FinCorp website or app.
You should be between 21 and 58 years with an income of Rs 15,000 per month and required work experience (salaried: 6 months; self-employed: 2 years).
Yes, Hero FinCorp is one of the preferred online loan providers in Vellore that provides approval in less than 10 minutes.
You can get a Personal Loan in Vellore approval in less than 10 minutes when you apply online.