Flexible repayment tenure:
You can choose a repayment tenure or 12 to 36 months as per your monthly budget at Hero FinCorp.
Personal Loan in Meerut
Loan up to Rs 5 Lakh
Minimum Salary Required Rs 15K
Instant Approval in 10 minutes
Personal Loan EMI Calculator
Get Personal Loan in Meerut With Quick Approval
Meerut is one of the big cities of Uttar Pradesh. It offers great job and business opportunities. Being close to Delhi and key industrial areas, the city has a good population of both salaried and self-employed individuals. With increasing costs, individuals tend to require more money to meet unexpected situations or enhance their standard of living. That is where a personal loan can help. Hero FinCorp provides instant personal loans in Meerut with a 10-minute approval advantage. Get a maximum of Rs 5 Lakh with a minimum income of Rs 15,000 per month. Also, take advantage of a competitive interest rate and a flexible repayment period of 12 to 36 months. You can apply online with basic documentation and no collateral requirement.
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
Instant approval with fewer documents:
To apply for a Personal Loan with Hero FinCorp, you only need your KYC details and proof of income.
Large Loan Amount:
You can get a Personal Loan of up to Rs 5,00,000 based on your needs and eligibility criteria.
Attractive Rate of Interest:
At Hero FinCorp, the Personal Loan interest rates start from 1.58% per month or 19% per annum.
Collateral-Free:
Our Personal Loans are unsecured, so you do not have to provide any security or collateral to apply.
Eligibility Criteria for Instant Personal Loan in Meerut
To apply for a Personal Loan in Meerut, make sure you meet the eligibility requirements, including your age, monthly income, work experience, and citizenship. At Hero FinCorp, the personal loan eligibility criteria are simple and easy to fulfil.
| Criteria | Requirement |
|---|---|
| Age | Applicants should be between 21 and 58 years. |
| Citizenship | You should be a citizen of India. |
| Work Experience | Six months for salaried individuals and 2 years for self-employed individuals. |
| Monthly Income | You should have a minimum income of Rs 15,000 monthly. |
List of Documents Required to Apply for a Personal Loan in Meerut
At Hero FinCorp, the documentation requirements differ for salaried and self-employed applicants. It is better to know the requirements before applying and be ready with the essential personal loan documents to ensure a smooth application process. Here is the list of documents.
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 Meerut
It’s important to know the loan costs, like the interest rate and processing fees, before applying for a personal loan in Meerut. At Hero FinCorp, personal loan interest rates are competitive, and other charges are nominal. Here are the details.
| Fees & Charges | Amount Chargeable |
|---|---|
| Interest Rate | Starting from 19% p.a. |
| 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 a Personal Loan in Meerut?
To get instant approval for your personal loan in Meerut, consider applying online with Hero FinCorp. Here is a stepwise process to apply online.
- 01
Visit the Hero FinCorp website or install the personal loan app
- 02
Go to the personal loan page and click ‘apply now’
- 03
Enter your mobile number and verify with the OTP received
- 04
Choose the loan amount you need
- 05
Verify your KYC details to check income eligibility
- 06
Click ‘Submit’ to complete your application
What Our Clients Say About Us
Blogs
Frequently Asked Questions (FAQs)
No, there are no tax rebates for availing a Personal Loan in Meerut as per the Income Tax Act.
You only need your KYC details and proof of income to apply for a Personal Loan with Hero FinCorp online.
Yes, you can foreclose or prepay your Personal Loan at Hero FinCorp. You can contact our customer care department for the process and formalities.
To get a Personal Loan in Meerut, you should have a good credit score (750 or above), a low DTI (debt-to-income) ratio of 40% or less, and meet the lender’s eligibility criteria.
If you are a citizen of India between 21 and 58 years with an income of Rs 15,000 per month and relevant work experience, you can get a Personal Loan from Hero FinCorp.
You can choose to apply for a Personal Loan either at your nearest Hero FinCorp branch or through our website or app. Just fill out an application and submit it with your KYC details and proof of income.
You can get a Personal Loan in Meerut, if you have good credit, 750 or above, a low debt-to-income ratio (below 40%) and you meet eligibility requirements.
The interest rate will depend on your credit score, debt-to-income ratio and the governing rules of the lender. Personal Loan interest rate at Hero FinCorp starts at 1.58% a month or 19% per annum.
Yes, Personal loans have a small processing fee that gets deducted at the time of processing the Personal Loan application.
The Personal Loan amount you can get will depend on your eligibility and credit profile. At Hero FinCorp, you may get up to Rs 5,00,000.
You can get a Personal Loan approval in less than ten minutes, when applying through the Hero FinCorp website or app.
You can choose a repayment tenure of 12 months to 36 months at Hero FinCorp based on your monthly budget.
Currently, there are no special offers on Personal Loans in Meerut. However, you may get attractive interest rates and favourable terms if you meet eligibility requirements at Hero FinCorp.