Personal Loan EMI Calculator
Nagpur is among the fastest-growing cities in the state of Maharashtra. It is famous for its strong industrial base and developing infrastructure. With increasing cost of living and individual financial requirements, Personal Loans are becoming a go-to solution for the local population to get instant cash. At Hero FinCorp, you can avail a Personal Loan in Nagpur at competitive interest rates and convenient repayment tenures. Whether you're salaried or self-employed, if you earn Rs 15,000 per month, you can apply online and receive up to Rs 5 Lakh for different needs.
At Hero FinCorp, we offer a wide range of Personal Loans for salaried employees, self-employed individuals and other professionals.
Medical professionals can get a personal loan for doctors for any personal or professional financial need at attractive rates.
While planning for a trip, a personal loan for travel plays a significant role, as it helps cover various trip-related expenses for travel in India or abroad.
Hero FinCorp offers instant personal loans for weddings to help anyone easily handle last-minute wedding expenses.
Hero FinCorp’s personal loan for home renovation is ideal for homeowners looking to cover their home improvement costs at attractive interest rates.
Entrepreneurs can get a personal loan for self-employed for personal or business needs without collateral or security.
Women professionals can get a personal loan for women for any planned or unplanned expense at competitive interest rates.
Those employed in the government sector can get a personal loan for government employees at competitive interest rates from Hero FinCorp.
Looking for a personal loan for higher education? Check eligibility and submit documents to get an instant cash loan in Nagpur.
Personal loan acts as a fuel in the commercial scenario that sustains business in times of unexpected financial demand. Here are related features and benefits of acquiring Personal Loan in Nagpur:
Based on your monthly budget, you can choose a repayment tenure of 12 to 36 months.
Personal Loans have minimal documentation requirements. You only need your KYC details and income proof.
Based on your requirements and eligibility, you can get a Personal Loan from Rs 50,000 to 5 Lakh.
You can get approval for a Personal Loan within 10 minutes when you apply online with Hero FinCorp.
Our Personal Loan interest rates in Nagpur start from 1.58% per month or 19% per annum.
Personal loan is an unsecured loan that requires no submission of security or collateral against the loan. This reduces the time taken for loan approval.
To apply for a personal loan in Nagpur, make sure you meet the eligibility requirements. At Hero FinCorp, the personal loan eligibility criteria are simple and easy to fulfil.
You should be a citizen of India.
Six months for salaried individuals and 2 years for self-employed individuals.
Applicant should at least earn a minimum amount of Rs 15,000 monthly.
Applicant should be between 21-58 years.
The documentation requirements at Hero FinCorp vary for salaried and self-employed applicants. It's advisable to gather the required personal loan documents in advance to ensure a smooth and hassle-free application process.
Driver’s Licence, Passport, PAN Card, Aadhaar card
Loan Application Form, Passport Size Photo
6 Months’ Salary Slips & Bank Statements, Form 16
Appointment Letter from Current Employer
Driving License, Passport, Aadhaar Card, Utility Bill
N/A
Driver’s Licence, Passport, PAN Card, Aadhaar card
Filled Loan Application Form, Passport Size Coloured Photograph
Last 6 Months’ Bank Statements, ITR for Last 2 Years
N/A
Maintenance Bill, Utility Bill, Property Documents, Rent Agreement
Copy of Tax Registration, Shop Establishment Proof, Company's Registration Certificate
Apart from the personal loan interest rate in Nagpur, you must know a few additional fees and charges before applying. It will help you stay prepared and save you from unpleasant surprises later.
| 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 |
As most of the work is done through online platforms, individuals prefer applying for personal loans online.
Visit the Hero FinCorp website or install the personal loan app
Go to the Personal Loan page and click ‘apply now’
Enter your mobile number and verify with the OTP received
Choose the loan amount you need
Verify your KYC details to check income eligibility
Click ‘Submit’ to complete your application
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The eligibility criteria for personal loan in Nagpur:
The borrower should be at least 21 years of age and maximum 58 years of age till loan maturity.
Borrower should be an Indian.
Borrower should have a regular income through permanent job / business.
1. Address Proof - Ration card/ Aadhar card/Passport.
2. Identity proof-Aadhar card/Voter’s Id/Driving License)
3. Income proof- 6 months bank statement or ITR returns are the mandatory documents for personal loan approval online.
*Approval & Agreement: Loan approval is at Hero FinCorp's discretion. By applying, you agree to our Terms & Conditions, Privacy Policy, and Loan Agreement.
*Data Use: You consent to electronic processes and data use for loan assessment, as per our Privacy Policy.
*Security: Keep your account and device secure. Report our customer care for unauthorized activity immediately.
*Grievances: For concerns, refer to our Grievance Redressal Policy.
*EMI Payment: Refer to our T&Cs here*
*RBI Mandate: RBI requires transparent disclosures. Learn more from RBI.