Personal Loan for Self-Employed
Get funds to grow your business with a Personal Loan for Self-employed individuals offering flexible terms and great rates.
Visakhapatnam in Andhra Pradesh is a lovely city famous for its clean beaches, different industries and fast-growing information & technology sector. With rising costs of living, people usually need extra cash for different needs like higher education, healthcare and even holidays. We, at Hero FinCorp, provide Personal Loans in Visakhapatnam of up to Rs 5 Lakh. Our loans come with attractive interest rates and flexible repayment tenures. So, whether you are salaried or self-employed, if you have an income of Rs 15,000 per month, you can apply online and get approval in just 10 minutes.
Hero FinCorp extends a trustworthy hand in securing Personal Loans in Visakhapatnam, meticulously crafted to cater to your financial needs and aspirations in the city.
Discover the advantages of Hero Fincorp's Personal Loans in Visakhapatnam, designed to meet your financial needs conveniently and efficiently.
Ensure you meet the eligibility criteria before applying for a Personal Loan in Vishakhapatnam. At Hero FinCorp, the Personal Loan eligibility criteria are simple and easy to fulfil.
Documentation is an essential part of the loan application. Being prepared with the necessary Personal Loan documents can help ensure a smooth and hassle-free application process. Here’s a list of the commonly required documents.
Driving Licence, Passport, PAN Card, Aadhaar card
Loan Application Form, Passport Size Photo
6 Months’ Salary Slips & Bank Statements, Form 16
Appointment Letter from Current Employer
Driving License, Passport, Aadhaar Card, Utility Bill
N/A
Driving License, Passport, PAN Card, Aadhaar Card
Loan Application Form, Passport Size Photo
Last 6 Months Bank Statements, ITR for Last 2 Years
N/A
Maintenance Bill, Utility Bill, Property Documents, Rent Agreement
Copy of Tax Registration, Shop Establishment Proof, Company's Registration Certificate
Hero FinCorp provides highly competitive interest rates for personal loans in Visakhapatnam, guaranteeing favourable terms and affordable repayment choices.
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 |
Availing a personal loan in Vishakhapatnam through Hero FinCorp is a straightforward process. Here are the steps to guide you:
Visit the Hero FinCorp website or install the personal loan app
Go to the Personal Loan page and click ‘Apply Now’
Enter your mobile number and verify with the OTP received
Choose the loan amount you need
Verify your KYC details to check income eligibility
Click ‘Submit’ to complete your application