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Personal Loan
in Nagpur

  • Loan up to ₹5 Lakh
  • Minimum Salary Required ₹15K
  • Instant Approval
Apply Now

Apply for personal loan in nagpur

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Get Personal Loan in Nagpur With Quick Approval

Nagpur is one of the fastest growing metropolises in India and ranks as the third largest city in Maharashtra. The city holds a strong commercial base and is also known for small businesses. Many individuals and businesses in Nagpur rely upon personal loans for immediate finance. Also, the literacy rate being high, borrowers in Nagpur apply for personal loans online through instant loan apps and websites.

The online mode of loan application is easy and fast as compared to the physical method of visiting the branch. It is advisable to switch to online lending platforms in Nagpur to get a benefit of lower interest rates. The security level in instant loan apps is higher as all the personal information submitted remains confidential.

Hero FinCorp Instant Personal Loan is entirely a borrower’s app that helps you to acquire a personal loan at the convenience of your home. Download Hero FinCorp Instant Personal Loan from Google Play store, select your location as Nagpur and follow the stepwise procedure to avail the loan in 24 hours.

We Offer a Wide Range of Personal Loans!

Personal Loan EMI Calculator

Hero FinCorp’s Personal Loan EMI calculator is an online tool to help compare different repayment options. It has customisable inputs and an intuitive interface to experiment with various loan amounts and repayment tenures until you find a repayment plan most suitable for your financial situation. The tool delivers instant results while eliminating error-prone manual calculations, saving effort and time to ensure accurate results. It is free to use, so you can use it as often as you want.


Loan Detail

Select Loan Amount

Min ₹ 50,000

Max ₹ 3,00,000

Interest Rate

11 %

Min 11% p.a

Max 35% p.a.

Select Loan Repay Duration

12 Months

Min 6 Months

36 Months

Your Estimated EMI

₹ 4477

Features And Benefits of Hero FinCorp Personal Loan 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:

Instant Availability:

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

Low Interest Rate:

Personal loans in Nagpur offer attractive rates of interest to make loan taking an easier process. A low interest rate is levied for both salaried and self-employed individuals based on their credit history.

Collateral-Free:

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.

Flexible Repayment:

With digital loan apps on the rise, personal loan repayment modules have become automated and where EMIs get deducted automatically. The online loan calculator gives a perception to plan your EMIs and repayment tenure using the online loan app.

Easy Documentation:

Personal loan involves paperless documentation if the application is done through an online personal loan app. No physical documents are required unlike the traditional personal loan process

Customised Loan Amount:

Keeping loan amount, tenure and interest rate as the base factors, borrowers can plan EMIs in advance as per the budgetary requirement. When it comes to loans, getting clarity on the EMI amount gives a sense of relief.

Eligibility Criteria for Instant Personal Loan in Nagpur

To apply for a personal loan in Nagpur through Hero FinCorp , the following eligibility criteria must be fulfilled.

Documents Required to Apply for a Personal Loan in Nagpur

Submitting correct documents with the loan application helps you get an instant cash loan in Nagpur faster. With significant advancements in the finance space, you no longer need to visit our branch office to submit the paperwork. You can quickly scan and upload documents online through our website or loan app. However, the documentation requirements vary for salaried and self-employed borrowers, and you must keep the necessary documents handy for faster verification and approval. Here is a brief view of documentation requirements for Personal Loan finance in Nagpur.

So, to avoid delayed loan disbursement or rejection have a glance at the below mentioned minimal required 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 Loan in Nagpur

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. As the interest rate may vary from lender to lender, the lowest interest rate on a personal loan in Nagpur starting from 1.58% per month or 19% to 30% per annum, followed by a minimal processing fee. Personal loan interest rate in Nagpur may differ as per the financial companies’ norms and regulations. Moreover, the borrower’s credit history plays a significant role to get an affordable interest rate in Nagpur. Over a period of time, you can improve the credit score with systematic planning and management of loan accounts.

Fees & Charges Chargeable Amount
Interest Rate Starting from 1.75% per month or 21% 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 Nagpur?

As most of the work is done through online platforms, individuals prefer applying for personal loans online.

  1. If you are new to online loan apps, launch the personal loan app on your smartphone through Google Play Store
  2. Register and login by entering your mobile number or email Id for verification (OTP)
  3. Check your loan eligibility through loan EMI calculator
  4. Fill in the form with Aadhaar card number linked to your mobile number/PAN card/ Driving License
  5. Scan your photograph for ID proof and other documents as required by the financial companies
  6. Fill in other personal details like your (Profession, Company address, and Work experience)
  7. Upload all the required documents or schedule an executive for pickup of application from home or office
  8. Application and other documents will be verified immediately, once verified personal loan will be approved instantly
  9. After the application is approved, the loan amount will be transferred immediately into your registered bank account.

Frequently Asked Questions

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