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Personal Loan
in Ludhiana

  • Loan up to ₹5 Lakh
  • Minimum Salary Required ₹15K
  • Instant Approval
Apply Now

Apply for personal loan in ludhiana

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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 EMI Calculator

Calculating EMIs with a Personal Loan EMI calculator can help you choose a suitable loan tenure according to your EMI affordability. Enter your loan amount, interest rate, and repayment tenure to calculate the EMI amount, interest outgo, and total loan cost.


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 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.

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.

Fees & Charges Chargeable Amount
Interest Rate Starting from 1.75% per month or 21% per annum
Processing Fee 2.5% to 3.5%
Part-payment charges NA
Foreclosure Charges 5% + GST
EMI Bounce Charges Rs 350/-

How to Apply For a Personal Loan in Ludhiana?

  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. 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

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