Personal Loan for Doctors
Medical professionals can get a personal loan for doctors for any personal or professional financial need at attractive rates.
Personal Loan in Nagpur
Loan up to Rs 5 Lakh
Minimum Salary Required Rs 15K
Instant Approval in 10 Minutes
Personal Loan EMI Calculator
Get Personal Loan in Nagpur With Quick Approval
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.
We Offer a Wide Range of Personal Loans
At Hero FinCorp, we offer a wide range of Personal Loans for salaried employees, self-employed individuals and other professionals.
Personal Loan for Travel
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.
Personal Loan for Wedding
Hero FinCorp offers instant personal loans for weddings to help anyone easily handle last-minute wedding expenses.
Personal Loan for Home Renovation
Hero FinCorp’s personal loan for home renovation is ideal for homeowners looking to cover their home improvement costs at attractive interest rates.
Personal Loan for Self-Employed
Entrepreneurs can get a personal loan for self-employed for personal or business needs without collateral or security.
Personal Loan for Women
Women professionals can get a personal loan for women for any planned or unplanned expense at competitive interest rates.
Personal Loan for Government Employees
Those employed in the government sector can get a personal loan for government employees at competitive interest rates from Hero FinCorp.
Personal Loan for Education
Looking for a personal loan for higher education? Check eligibility and submit documents to get an instant cash loan in Nagpur.
Features and Benefits of a Personal 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:
Flexible Repayment
Based on your monthly budget, you can choose a repayment tenure of 12 to 36 months.
Minimum Documentation
Personal Loans have minimal documentation requirements. You only need your KYC details and income proof.
Customised Loan Amount
Based on your requirements and eligibility, you can get a Personal Loan from Rs 50,000 to 5 Lakh.
Instant Availability
You can get approval for a Personal Loan within 10 minutes when you apply online with Hero FinCorp.
Attractive Interest Rate
Our Personal Loan interest rates in Nagpur start from 1.58% per month or 19% per annum.
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.
Eligibility Criteria for Instant Personal Loan in Nagpur
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.
Citizenship
You should be a citizen of India.
Work Experience
Six months for salaried individuals and 2 years for self-employed individuals.
Monthly Income
Applicant should at least earn a minimum amount of Rs 15,000 monthly.
Age
Applicant should be between 21-58 years.
List of Documents Required to Apply for a Personal Loan in Nagpur
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.
Documents Required For Salaried Employee
Proof Of Photo Identity
Driver’s Licence, Passport, PAN Card, Aadhaar card
Mandatory Documents
Loan Application Form, Passport Size Photo
Proof of Income
6 Months’ Salary Slips & Bank Statements, Form 16
Job Continuity Proof
Appointment Letter from Current Employer
Proof of Residence
Driving License, Passport, Aadhaar Card, Utility Bill
Additional Documents (Self-Employed Only)
N/A
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 6 Months’ Bank Statements, ITR for Last 2 Years
Job Continuity Proof
N/A
Proof of Residence
Maintenance Bill, Utility Bill, Property Documents, Rent Agreement
Additional Documents (Self-Employed Only)
Copy of Tax Registration, Shop Establishment Proof, Company's Registration Certificate
Interest Rate and Charges for 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.
| 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 a Personal Loan in Nagpur?
As most of the work is done through online platforms, individuals prefer applying for personal loans online.
- 1
Visit the Hero FinCorp website or install the personal loan app
- 2
Go to the Personal Loan page and click ‘apply now’
- 3
Enter your mobile number and verify with the OTP received
- 4
Choose the loan amount you need
- 5
Verify your KYC details to check income eligibility
- 6
Click ‘Submit’ to complete your application
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Frequently Asked Questions (FAQs)
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.
At Hero FinCorp, the interest rate in Nagpur starts from 1.58% or 19% per annum.
You can get approval for a personal loan in Nagpur in 10 minutes when you apply online with Hero FinCorp.
Borrowers with a minimum income of Rs. 15,000 or more, in an age group between 21-58 years are eligible for personal loan in Nagpur.
Disclaimer
*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.