Personal Loan in Madurai

Loan up to Rs 5 Lakh

Minimum Salary Required Rs 15K

Instant Approval in 10 minutes

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Personal Loan EMI Calculator

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Get Personal Loan in Madurai With Quick Approval

Madurai, a vibrant city in Tamil Nadu, is known for its rich cultural heritage, historical temples, and growing tourism. It also hosts significant industrial activity, particularly in rubber plantations and adjoining manufacturing units. With a majority of the population belonging to a medium-income group, access to timely financial assistance is important—especially during unexpected expenses or emergencies.

To meet these needs, Personal Loans in Madurai have become a preferred choice among residents, visitors, and even travellers. With easy access to smartphones, people can now apply for instant Personal Loans online without visiting a branch. These loans are multi-purpose, catering to medical needs, travel, education, weddings, or any personal requirement.

Hero FinCorp offers instant approval in just 10 minutes, along with competitive interest rates, flexible repayment tenures, and requires a minimum monthly income of Rs 15,000. Thanks to the quick and digital process, more individuals in Madurai are turning to Personal Loans as a reliable financial solution.

We Offer a Wide Range of Personal Loans

Whether you are salaried, self-employed or professional, you can get a Personal Loan from Hero FinCorp as per your specific need or profession.

Personal Loan for Doctors

Hero FinCorp provides instant Personal Loans for Doctors with convenient application procedures and minimal documentation requirements.

Personal Loan for Travel

Make quick travel plans using a Personal Loan for Travel that offers instant approval and fast disbursal.

Personal Loan for Wedding

Manage last-minute expenses with a Personal Loan for Wedding and avoid financial stress during your special occasion.

Personal Loan for Home Renovation

Plan your home makeover without exhausting your savings with a Personal Loan for Home Renovation.

Personal Loan for Self-Employed

Get up to Rs 5 Lakh at competitive interest rates and flexible tenures with a Personal Loan for Self-employed.

Personal Loan for Women

Whether salaried or self-employed, you can get a Personal Loan for Women at attractive rates.

Personal Loan for Government Employees

Those in government jobs can get a Personal Loan for Government Employees online with approval in 10 minutes.

Personal Loan for Education

Get up to Rs 5 Lakh with a Personal Loan for Education and cover not just tuition fees but other related costs without hassle.

Feature and Benefits of Personal Loan in Madurai

Time is money nowadays. If personal loans can be requested online, why visit the branch for a long procedure. Know the benefits and features of applying for personal loan online in Madurai and make the most of sanctioned funds:

Instant Availability

Loans are approved in the shortest span of time, within 24 hours to 48 hours of a working day.

Affordable Interest Rate

Interest rate on a loan may vary depending upon the type of loan, credit score, tenure and other financial factors.

Flexible Repayment Tenure:

We offer flexible repayment tenures of up to 36 months. A Personal Loan EMI calculator helps select a loan term with budget-friendly EMIs.

Collateral Free

Personal loans do not require any security or a guarantor for approval. This keeps your assets safe.

Financial Stability

Personal loans are approved quickly on time. This provides financial stability and saves borrowers from sinking in financial risks and delays.

Eligibility Criteria for Instant Personal Loan in Madurai

The Personal Loan eligibility criteria at Hero FinCorp are simple. Both salaried and self-employed individuals can easily meet the requirements. Here are the details:

Citizenship

You should be a citizen of India.

Work Experience

Six months for salaried applicants and 2 years for self-employed applicants.

Monthly Income

You should have a minimum income of Rs 15,000 monthly.

Age

You should be between 21 and 58 years.

Calculate Your Loan Eligibility

Documents Required to Apply for a Personal Loan in Madurai

Documentation is essential for verification and eligibility checks. However, Hero FinCorp keeps the process simple with minimal paperwork. It’s still important to know which Personal Loan documents are required for the application. The requirements may vary slightly for salaried and self-employed applicants. Here are the details.

Documents Required For Salaried Employees

Proof Of Photo Identity

Driving 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

Documents Required For Self-Employed Individuals

Proof Of Photo Identity

Driving 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

Interest Rates and Charges on Personal Loans in Madurai

When applying for an instant loan, it’s important to understand the related costs, such as the interest rate and processing charges. At Hero FinCorp, Personal Loan interest rates are competitive, and other charges are nominal. Let’s take a look.

Fees & Charges	Amount Chargeable
Interest Rate	Starting from 1.58% per month
Loan Processing Charges	Minimum 2.5% + GST
Prepayment Charges	N.A.
Foreclosure Charges	5% + GST
EMI Bounce Charges	Rs 350/-
Interest on Overdue EMIs	1-2% of the loan/EMI Overdue Amount Per Month
Cheque Bounce	Fixed Nominal Penalty
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

How to Apply For Personal Loan in Madurai

The apprehension of going to the bank and waiting for the loan amount to be sanctioned within days has been replaced by online instant personal loan apps. Go with the flow shown in the chosen instant loan app and avail quick personal loan in Madurai: