Instant Approval:
We have kept our loan application process simple and hassle-free. With minimum paperwork, you get your loan approved within 10 minutes.
Personal Loan in Panipat
Loan up to Rs 5 Lakh
Minimum Salary Required Rs 15K
Instant Approval in 10 Minutes
Calculate Personal Loan EMI
Get Personal Loan in Panipat With Quick Approval
Panipat is a city of historic importance in Haryana. It is well-known for its rich past and growing industrial presence. With growing expenses, many residents are now using personal loans for handling planned or unplanned expenses.
We at Hero FinCorp offer personal loans in Panipat, from Rs 50,000 to 5,00,000, with approval in less than ten minutes. Our loans come with competitive interest rates and flexible tenures for repayment. If your monthly income is Rs 15,000, you can apply online and get quick cash.
Features and Benefits of a Personal Loan in Panipat
Personal Loans offered by Hero FinCorp in Panipat have many advantages. Some of the most important characteristics of our Personal Loans are:
No Collateral:
Personal loans are unsecured forms of financing. Applicants do not have to mortgage their assets as collateral.
Higher Loan Amount:
We have kept our loan application process simple and hassle-free. With minimum paperwork, you get your loan approved within 10 minutes.
Flexibility:
You can select a repayment tenure of 12 to 36 months based on your monthly budget.
Flexibility in Usage:
Personal Loans can be utilised for various purposes like higher education, home renovation, wedding expenses, and more.
Eligibility Criteria for Instant Personal Loan in Panipat
To apply for a personal loan in Panipat, make sure you meet the eligibility criteria. At Hero FinCorp, the personal loan eligibility criteria are easy to fulfil. Here are the details.
| Criteria | Requirement |
|---|---|
| Age | Applicant should be between 21-58 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 | Applicant should at least earn a minimum amount of Rs 15,000 monthly |
List of Documents Required to Apply for a Personal Loan in Panipat
In Panipat, a personal loan comes in handy during any financial emergency. However, you must have the essential documents to get approval without hassle. The required personal loan documents at Hero FinCorp vary for salaried and self-employed applicants. Here’s a list of documents you’ll need.
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
Copy of Tax Registration, Shop Establishment Proof, Company^’s Registration Certificate
Proof of Residence
Maintenance Bill, Utility Bill, Property Documents, Rent Agreement
Additional Documents (Self-Employed Only)
Interest Rate and Charges for Personal Loan in Panipat
Our personal loan interest rates in Panipat are competitive. However, you must know other charges related to the loan. Here is a look at the fees and charges involved.
| 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 Panipat?
We offer our customers the option of applying for a personal loan online or in-person (offline). To apply for a Personal Loan Panipat, visit our official website, our nearest branch, or DSA in Panipat
- 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
A Personal Loan is an unsecured loan you can avail based on your credit profile. The loan comes with competitive interest rates and flexible repayment tenures online.
At Hero FinCorp, the minimum income requirement to obtain a Personal Loan in Panipat is Rs 15,000 only.
At Hero FinCorp, the documentation requirement is minimal. You only need your KYC details and proof of income.
The loan tenure may vary from lender to lender. At Hero FinCorp, Personal Loans in Panipat come with a repayment tenure of 12 to 36 months.
Certainly, self-employed persons can very easily obtain a Personal Loan in Panipat, as long as they meet the eligibility criteria and provide the supporting documents.
Interest charges on Personal Loans differ between lenders. For instance, Hero FinCorp’s Personal Loan interest rates begin at 1.58% per month or 19% annually.