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Personal Loan EMI Calculator

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Get Personal Loan in Meerut With Quick Approval

Ancient and still bearing the marks of the Indus Valley civilisation, Meerut is an important metropolitan city in Uttar Pradesh. Since it is close to Delhi and has a massive amount of industrial land available, Meerut has plenty of opportunities for those who are looking for steady work or wish to start small businesses. It is especially famous for industries based on sporting goods, chemicals, textiles, tyres and so on. While the impact of modernisation has brought Meerut a long way from its Indus Valley days, people here often need that extra monetary boost to maintain a good living standard or deal with emergency expenses. Availing a personal loan in Meerut is usually the solution in such cases. And Hero FinCorp, a personal loan finance company in Meerut, is all set to help them by offering personal loans at competitive rates of interest.

We Offer a Wide Range of Personal Loans!

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Personal Loan for Doctors

Hero FinCorp offers Personal Loan finance in Meerut for doctors at attractive interest rates with tenures of up to 36 months.

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Personal Loan for Travel

You can get an instant Personal Loan and use it for any travel-related expense like hotel booking airfare, visa fees, accommodation, shopping and sightseeing.

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Personal Loan for Wedding

Enjoy a 100% paperless application procedure and get quick approval for a wedding loan at Hero FinCorp.

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Personal Loan for Home Renovation

Revamp your living space with Hero FinCorp’s Personal Loan for home renovation that gives hassle-free financing for home improvement projects.

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Personal Loan for Self-Employed

Self-employed professionals can avail up to Rs 5 Lakh at Hero FinCorp and use them for various planned or unplanned expenses.

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Personal Loan for Women

Women professionals can avail a loan for any planned or unplanned expenses with quick approval and minimal documentation at Hero FinCorp.

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Personal Loan for Government Employees

With Hero FinCorp, government employees can apply for a Personal Loan in Meerut of up to Rs 5 Lakh for various purposes.

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Personal Loan for Education

Finance your study abroad programme with a Hero FinCorp Personal Loan for education  by getting instant approval with low-interest rates.

Features And Benefits of Hero FinCorp Personal Loan Meerut

The features and advantages that make Hero FinCorp the most preferred personal loan provider in Meerut, include

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Large Loan Amount:

Based on the monthly income of the applicant, Hero FinCorp, a personal loan finance company in Meerut, offers loan amounts in the range of Rs 50,000 to Rs 5,00,000, which is quite substantial for an unsecured loan.

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Attractive Rate of Interest:

At Hero FinCorp, EMIs for personal loan repayment are based on competitive interest rates, which is why they are affordable for most salaried and self-employed professionals.

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Collateral-Free:

Personal Loans in Meerut are unsecured funds, and therefore, require no collateral to be pledged as security. So, it is no wonder that Hero FinCorp approves personal loans in no time.

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Flexible repayment tenure:

Hero FinCorp, a personal loan provider in Meerut, provides flexible repayment tenures that can vary between 6 and 36 months. Hence, based on your repayment capability, you can choose the tenure.

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Instant approval with fewer documents:

Personal loans in Meerut are required in time of emergencies. Thus, to speed up the process, Hero FinCorp, a top personal loan provider in Meerut, provides instant approval after scrutinising a few relevant documents.

Eligibility Criteria for Instant Personal Loan in Meerut

To be eligible for personal loan Meerut, an applicant must meet the following criteria:

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Age

An Indian citizen in the age group between 21 years to 58 years is eligible for a personal loan in Meerut.

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Citizenship

To be eligible for an instant Personal Loan in Meerut, candidates must be Indian citizens.

 


 

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Work Experience

A working professional who is currently employed at a company and is employed for at least 6 months. A self-employed person should have at least two years of experience in their current business

 


 

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Monthly Salary

The applicant should be earning a minimum monthly income of Rs 15000 to be eligible for the personal loan.


 

Documents Required to Apply for a Personal Loan in Meerut

Documentation is an essential component of your loan application process. However, you must know which documents to provide to obtain a loan successfully. Since the documentation requirements vary for salaried and self-employed borrowers, here is an overview of the required documents:

Documents Required For Salaried Employee

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Proof Of Photo Identity

Driver’s Licence, Passport, PAN Card, Aadhaar card

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Mandatory Documents

Filled Loan Application Form, Passport Size Coloured Photograph

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Proof of Income

Six Month Salary Slip & Bank Account Statement, Form 16

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Job Continuity Proof

Appointment Letter From the Current Employer

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Proof of Residence

Driver Licence, Passport, Aadhaar Card, Utility Bill

Documents Required For Self Employed

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Proof Of Photo Identity

Driver’s Licence, Passport, PAN Card, Aadhaar card

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Mandatory Documents

Filled Loan Application Form, Passport Size Coloured Photograph

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Proof of Income

Last Six Months Bank Statement, ITR for the Last Two Consecutive Years

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Proof of Residence

Maintenance Bill, Utility Bill, Property Documents, Rent Agreement

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Proof of Business Existence

Copy of Tax Registration, Shop Establishment Proof, Company’s Registration Certificate

Interest Rates on Personal Loans in Meerut

Knowing the interest rates and other applicable charges prepares you for loan-related expenses. At Hero FinCorp, we charge minimal fees with complete transparency. These are a few costs involved with the Personal Loan process:

Interest Rate

Starting from 1.58% per month or 19% to 30% 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 Meerut?

  • 01

    To apply for a personal loan in Meerut through Hero FinCorp, just log on to the official web portal and fill an online application. Alternately, you can visit the nearest branch and apply for a personal loan.

  • 02

    Complete the Hero FinCorp personal loan application form and submit the same along with a passport size photograph.

  • 03

    Attach your KYC records like identity proof, address proof, PAN card, and proof of income to the completed personal loan application form or upload them if you are applying online.

  • 04

    If the applicant’s eligibility and loan repayment capability match the Hero FinCorp guidelines, you will get an approval, after which you need to sign a loan agreement. Remember to read the terms carefully first.

  • 05

    After the above steps are completed, within a short period, the agreed loan amount will be disbursed to the applicant’s bank account.

Frequently Asked Questions (FAQs)

No. There are no tax rebates for availing a personal loan in Meerut as per the Income Tax Act.
At Hero FinCorp, the highest loan amount that can be approved for personal loans is Rs 5,00,000.
The documentation requirements at Hero FinCorp differ for salaried and self-employed individuals. While the income and address proofs are the same for both, the difference lies in the income proof. Check the documentation requirements to stay prepared with the relevant documents.
Yes, you can foreclose or prepay your Personal Loan at Hero FinCorp. You can contact our customer care department for the process and formalities.