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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.
Personal Loan for Hero FinCorp offers specialized Personal Loans for self-employed suitable to their loan requirements and fluctuating repayment capacities.
Personal Loan for Working female professionals seeking funds for individual or family expenses can apply for a Personal Loan for women with Hero FinCorp.
Personal Loan for Stable jobs and regular income make government employees ideal candidates for instant Personal Loans from Hero FinCorp.
Personal Loan for Upgrade your qualifications with unsecured funds from a Personal Loan in Ludhiana.
Personal Loan for Professionals in the medical industry can fulfill their goals with a Personal Loan for doctors.
Personal Loan for Realise your dream of traveling to exotic locations with financial support through a Personal Loan from Hero FinCorp.
Personal Loan for 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 Renovate your home, conduct urgent repairs, or improve its interiors or exteriors with a Personal Loan for home renovation.
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.
Select Loan Amount
₹
Min ₹ 50,000
Max ₹ 5,00,000
Interest Rate
15 %
Min 15%
Max 35%
Select Loan Repay Duration
12 Months
Min 12 Months
60 Months
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 12 months to 60 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.
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.
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.
| Fees & Charges | Chargeable Amount |
|---|---|
| Interest Rate | Minimum 15% |
| Processing Fee | 2.5% to 3.5% |
| Part-payment charges | NA |
| Foreclosure Charges | 5% + GST |
| EMI Bounce Charges | Rs 350/- |
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 15%.
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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