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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.
Professionals in the medical industry can fulfill their goals with a Personal Loan for doctors.
Realise your dream of traveling to exotic locations with financial support through a Personal Loan from Hero FinCorp.
Don't let your wedding dreams go unrealized! Make all of them come true with the support of a Personal Loan from Hero FinCorp.
Renovate your home, conduct urgent repairs, or improve its interiors or exteriors with a Personal Loan for home renovation.
Hero FinCorp offers specialized Personal Loans for self-employed suitable to their loan requirements and fluctuating repayment capacities.
Working female professionals seeking funds for individual or family expenses can apply for a Personal Loan for women with Hero FinCorp.
Stable jobs and regular income make government employees ideal candidates for instant Personal Loans from Hero FinCorp.
Upgrade your qualifications with unsecured funds from a Personal Loan in Ludhiana.
Hero FinCorp, a personal loan provider in Ludhiana, showers you with multiple features and advantages, like,
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.
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.
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.
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.
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.
Here are the eligibility criteria that Hero FinCorp has set for you to apply for a personal loan in Ludhiana.
An Indian resident who is between 21 years and 58 years.
To be eligible for an instant Personal Loan in Ludhiana, candidates must be Indian citizens.
A self-employed professional who owns a viable business and is running it for 2 years minimum.
An individual who is currently working at a firm and drawing a salary for at least 6 months.
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.
Driver’s Licence, Passport, PAN Card, Aadhaar card
Filled Loan Application Form, Passport Size Coloured Photograph
Six Month Salary Slip & Bank Account Statement, Form 16
Appointment Letter From the Current Employer
Driver Licence, Passport, Aadhaar Card, Utility Bill
Driver’s Licence, Passport, PAN Card, Aadhaar card
Filled Loan Application Form, Passport Size Coloured Photograph
Last Six Months Bank Statement, ITR for the Last Two Consecutive Years
Maintenance Bill, Utility Bill, Property Documents, Rent Agreement
Copy of Tax Registration, Shop Establishment Proof, Company’s Registration Certificate
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.
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.
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.
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.
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.
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.
