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Get Personal Loan in Ludhiana With Quick Approval
Ludhiana is a large city in Punjab, famous for its shawls and stoles. It has a great business environment where small-scale industries thrive and achieve financial stability. Ludhiana is also growing as an IT hub with many software companies getting established in and around the city. Since living in such a city can be expensive, a personal loan in Ludhiana acts as a cushion during emergencies, by providing relief from financial bottlenecks. Hero FinCorp, a personal loan provider in Ludhiana is leading the way by offering personal loans to eligible applicants at a large scale to protect the financial well-being of Ludhiana’s salaried and self-employed communities.
We Offer a Wide Range of Personal Loans!
Personal Loan for Travel
Realise your dream of traveling to exotic locations with financial support through a Personal Loan from Hero FinCorp.
Personal Loan for Wedding
Don't let your wedding dreams go unrealized! Make all of them come true with the support of a Personal Loan from Hero FinCorp.
Personal Loan for Home Renovation
Renovate your home, conduct urgent repairs, or improve its interiors or exteriors with a Personal Loan for home renovation.
Personal Loan for Self-Employed
Hero FinCorp offers specialized Personal Loans for self-employed suitable to their loan requirements and fluctuating repayment capacities.
Personal Loan for Women
Working female professionals seeking funds for individual or family expenses can apply for a Personal Loan for women with Hero FinCorp.
Personal Loan for Government Employees
Stable jobs and regular income make government employees ideal candidates for instant Personal Loans from Hero FinCorp.
Personal Loan for Education
Upgrade your qualifications with unsecured funds from a Personal Loan in Ludhiana.
Features And Benefits of Hero Fincorp Personal Loan Ludhiana
Hero FinCorp, a personal loan provider in Ludhiana, showers you with multiple features and advantages, like,
Substantial Loan Amount:
Personal loans in Ludhiana offered by Hero FinCorp carry a sanction amount in the range of Rs 50,000 to Rs 5,00,000, which is quite substantial when compared to offers made by other personal loan providers in Ludhiana.
Affordable rate of interest:
Hero FinCorp, a personal loan finance company in Ludhiana, after thoroughly researching the earning potential of residents, has set affordable interest rates to ease the financial burden on borrowers.
Zero collateral approval:
Personal loans in Ludhiana are unsecured loans, and hence, require no collateral as security for approval. Hence, Hero FinCorp, a personal loan provider in Ludhiana, will consider your monthly income as an important factor for personal loan approval.
Flexible Tenure:
If a personal loan in Ludhiana is offered with short tenure, then EMIs will be higher, but you will get to repay the loan faster. Although this option looks good on paper, it might be difficult for applicants with low monthly incomes to manage large EMIs. This is why, Hero FinCorp offers flexible tenures that range from 6 months to 36 months and you can choose at your convenience.
Instant Approval:
Personal loans in Ludhiana are usually needed at the time of emergencies, and hence, the processing time must be faster than other loans. Hero FinCorp is aware of this situation, which is why it provides instant approval on personal loans immediately after the application process is completed.
Eligibility Criteria for Instant Personal Loan in Ludhiana
Here are the eligibility criteria that Hero FinCorp has set for you to apply for a personal loan in Ludhiana.
Age
An Indian resident who is between 21 years and 58 years.
Citizenship
To be eligible for an instant Personal Loan in Ludhiana, candidates must be Indian citizens.
Work Experience
A self-employed professional who owns a viable business and is running it for 2 years minimum.
Monthly Salary
An individual who is currently working at a firm and drawing a salary for at least 6 months.
Documents Required to Apply for a Personal Loan in Ludhiana
Documentation requirements to apply for a Personal Loan in Ludhiana differ for salaried and self-employed loan seekers. Scan and upload the necessary documents through the Hero FinCorp Personal Loan app to simplify the verification process and get instant approval. Here is an outlook of the essential documents required for a Personal Loan application at Hero FinCorp.
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 Loans in Ludhiana
Here’s a look at the Personal Loan interest rate in Ludhiana and some additional charges you should be prepared to pay during the loan tenure. Our fee structure is 100% transparent without any hidden charges.
How to Apply For a Personal Loan in Ludhiana?
- 01
There are a couple of ways to apply for a personal loan in Ludhiana. Log on to Hero FinCorp’s official website and submit the online application or head to the nearest branch and hand over a physical application form to an official.
- 02
Fill in Hero FinCorp’s application form either through the web portal or at the nearest branch to avail a personal loan in Ludhiana. Carry a passport-size photograph for identification purposes.
- 03
Along with the completed personal loan application form, submit the KYC records proposed by the authorities, like identity proof, address proof, PAN card, and proof of income.
- 04
A thorough evaluation of the application form and KYC records will be conducted by Hero FinCorp, and if everything is alright, the loan will be approved. The applicant will then need to sign an agreement after acknowledging the terms and conditions.
- 05
After the above steps are concluded, it's time to sit back and wait for a short while, after which Hero FinCorp will disburse the funds to your bank account.
Frequently Asked Questions (FAQs)
The prescribed age limit at Hero FinCorp is 21 years to 58 years.
A minimum work experience of 6 months is needed for a working professional to apply for a personal loan in Ludhiana.
While seeking an instant Personal Loan in Ludhiana, you can borrow up to Rs 5 Lakh at Hero FinCorp without end-use restrictions.
There is no fixed Personal Loan interest rate in Ludhiana. It depends on your income, DTI ratio, repayment capacity, credit history, and other vital factors. At Hero FinCorp, the starting rate is 19%.
You can borrow a Hero FinCorp instant cash loan in Ludhiana whenever you need funds for an emergency or a planned expense. Whether you need additional funds for higher education, home renovation, wedding expenses, medical treatment, debt consolidation, foreign vacation, or a big-ticket purchase, you can apply on the Hero FinCorp website or loan app.
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