Apply for Instant Loan

Download Our App

Apply for Instant Loan

Download Our App

Play Store

Apply for Instant Loan

Download Our App

Arrow Arrow

Personal Loan
in Vizag

  • Loan up to ₹3 Lakhs
  • Minimum Salary Required ₹15K
  • Instant Approval
Apply Now

Apply for personal loan in vizag

loading gif

Get Personal Loan in Vizag With Quick Approval

Life at Vizag, also known as Vishakhapatnam, is laid back and exciting, both at the same time. It is an urban city that requires no hush and bush. People get up late and still reach their office on time. Its people are open, hospitable, and loving, and the city is clean and progressive. Known to be one of the cleanest cities in India, it is also home to the cleanest railway station in India. Its biggest industries include fisheries, pharmaceuticals, software, minerals, and resources.

The Vishakhapatnam Port is the oldest shipyard in India. Various natural spectacles and manmade wonders make Vizag a major tourist attraction in South India, including Katiki Waterfalls, Kailasagiri, Borra Caves, Kambalakonda Wildlife Sanctuary, Submarine Museum, and many more.

Are you looking for an instant Personal Loan in Vizag? Hero FinCorp is the Personal Loan provider you can trust upon. Here, you can obtain a Personal Loan of up to Rs 5 Lakh at competitive interest rates with flexible repayment terms.

We Offer a Wide Range of Personal Loans!

At Hero FinCorp, we offer a broad range of Personal Loans to cater to different needs. While looking for Personal Loan finance in Vizag, choose the loan type that suits your needs.

Personal Loan EMI Calculator


Loan Detail

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

Your Estimated EMI

₹ 4477

Features And Benefits of Hero Fincorp Personal Loan Ahmednagar

Know the features and benefits of Hero FinCorp Personal Loans in Vizag before applying.

High Loan Amount:

Get an instant cash loan of up to Rs 3 Lakh in Vizag disbursed directly into your bank account. Whether you want to cover the costs of a wedding, vacation, medical emergency, education, or home renovation, it is an ample loan amount to realise the plan.

Attractive Interest Rates:

Hero FinCorp offers Personal Loans in Vizag at competitive interest rates. The interest rate you get will depend on your income, DTI ratio, credit score, repayment history, employment, age, and other factors.

Collateral-Free:

Get instant financing and aid your dreams without pledging any valuable asset as collateral. We do not demand collateral, deposit, or guarantor to approve your Personal Loan finance in Vizag.

Flexible Repayment Tenure:

We allow our customers to opt for a repayment tenure of up to 36 months. An EMI calculator can help calculate the EMIs for various loan terms, helping you decide on tenure with EMIs you can easily afford.

Instant Approval:

Besides the public, private sector employees in Vizag can get Personal Loans of up to Rs 3 lakhs from Hero FinCorp. Zero collateral requirements and no paperwork accelerate the loan process, helping us approve loans instantly.

Eligibility Criteria for Instant Personal Loan in Vizag

At Hero FinCorp, we have simplistic eligibility conditions that almost every loan seeker can fulfil without hassle. However, checking them before applying is crucial to getting approval and avoiding rejection. Let’s look at the Personal Loan eligibility criteria we have set for our aspiring borrowers.

Documents Required to Apply for a Personal Loan in Vizag

You don't need to worry about documentation while applying for an instant Personal Loan in Vizag at Hero FinCorp. Our documentation requirements are minimal, and we do not call you to our branch office to submit the paperwork. We are one of the few Personal Loan providers in Vizag that support 100% digital loan procedures. That means you can scan and upload the necessary documents online using our website or loan app.

Since salaried and self-employed individuals need to submit different documents to prove their eligibility and credibility, let's examine the requirements closely.

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 Vizag

Your Personal Loan interest rates depend on various factors, including the following:

  • Monthly income
  • Current financial obligations
  • Job stability
  • Credit history
Fees & Charges Amount Chargeable
Interest Rate 25% p.a.
Loan Amount ₹50,000 to ₹3 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

Consider these things and make these parameters favourable to get the lowest interest rate on Personal Loans in Vizag. These include increasing your monthly income, repaying bills and EMIs on time, reducing financial obligations, maintaining stable employment, and choosing the right repayment terms according to your monthly budget.

How to Apply For a Personal Loan in Vizag?

At Hero FinCorp, we have a simple 5-step procedure you must follow to apply for an instant Personal Loan in Vizag. You don't need to visit our branch office to fill out a form or submit hefty paperwork. It is as simple as the following steps:

  1. Visit our Personal Loan section and click the 'Apply Now' button.
  2. Fill out an online application form and provide your personal, financial, and employment details.
  3. Scan and upload a few necessary documents online, including your identity, address, and income proofs.
  4. Wait for the verification process to complete that just takes a few minutes.
  5. Get approval, review the loan offer, and accept it to receive the loan amount directly into your bank account.

Frequently Asked Questions

Personal Loan In Vizag Related Blogs

View All
Exclusive deals

Subscribe to our newsletter and get exclusive deals you wont find anywhere else straight to your inbox!