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Personal Loan In Palanpur

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Loan up to ₹5 Lakh
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Minimum Salary Required ₹15K
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Instant Approval
Personal Loan EMI Calculator

Monthly EMI

₹ 0

Interest Payable

₹ 0

Get a Personal Loan in Palanpur with Quick Approval

Palanpur, known for its rich heritage, is a city located amidst the Aravalli Hills in Gujarat. It thrives as a centre for the diamond trade and fragrant perfumes. Steeped in history, the city was once the capital of the Palanpur State. Whether you want to explore its cultural tapestry or bustling commercial spirit, Palanpur offers a unique backdrop.

To access instant financial funds in the city, consider taking a Personal Loan in Palanpur from Hero FinCorp to pursue your goals. Explore the convenient options available to turn your vision into reality.

We Offer a Wide Range of Personal Loans

At Hero FinCorp, we offer a wide range of Personal Loans to both salaried and self-employed individuals at the best interest rates and flexible repayment tenures of up to 3 years.

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Personal Loan for Self-Employed

Self-employed individuals can fulfill their business needs or personal aspirations with Personal Loan for Self-Employed.

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Personal Loan for Women

Our Personal Loan for Women empowers women borrowers with competitive rates and flexible repayment options.

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Personal Loan for Government Employees

Benefit from lower interest rates and faster approvals with a Personal Loan for Government Employees.

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Personal Loan for Education

Upgrade your qualification or pay for your child's higher education with a Personal Loan for education.

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Personal Loans for Doctors

A Personal Loan for Doctors is designed to meet the unique financial requirements of medical professionals.

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Personal Loan for Travel

Turn your travel dreams into reality with a Personal Loan for travel to cover your trip expenses

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Personal Loan for Wedding

Make your wedding memorable. Get a Personal loan for wedding ceremony costs with ease.

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Personal Loan for Home Renovation

Upgrade your living space. Get a Personal Loan for home renovations or repairs in your home.

Features and Benefits of Hero FinCorp Personal Loan in Palanpur

We offer a wide range of Personal Loans for salaried and self-employed individuals at attractive interest rates and flexible repayment tenures. Let's take a look. 

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Instant Loan Amount:

Fulfil your dreams with an instant loan of up to Rs 5 Lakh through our online loan app.

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Attractive Interest Rate

Enjoy competitive interest rates starting from 19% per annum on Personal Loans in Palanpur.

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Collateral-Free

Hero FinCorp’s Personal Loans in Palanpur offer a convenient, collateral-free option.

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Flexible Repayment Tenure

Our Personal Loans in Palanpur come with flexible repayment tenures to help manage EMIs.

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Instant Approval

Our Personal Loans in Palanpur are approved quickly, so you can access funds promptly.

Eligibility Criteria for Instant Personal Loans in Palanpur

Those meeting our eligibility criteria for instant Personal Loans in Palanpur get approved without hassle.

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Age

To qualify for our Personal Loans in Palanpur, you must be between 21 and 58 years.

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Citizenship

You must be a resident Indian citizen to be eligible for our Personal Loans in Palanpur.

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Work Experience

Working professionals need six months of experience while self-employed should have experience of 2 years.

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Monthly Salary

In Palanpur, you require a minimum monthly income of Rs. 15,000 to apply for a Personal Loan.

Documents Required to Apply for a Personal Loan in Palanpur

Simplify the application process with minimal documentation! Apply for a Personal Loan in Palanpur online with just a few documents, Here is what you will need documents required for personal loan:

Documents Required for Salaried Employee

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Proof Of Photo Identity

Driving License, Passport, PAN Card, Aadhaar Card

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Mandatory Documents

Loan Application Form, Passport Size Photo

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Proof of Income

6 Months’ Salary Slips & Bank Statements, Form 16

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Job Continuity Proof

Appointment Letter From the Current Employer

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Proof of Residence

Driving License, Passport, Aadhaar Card, Utility Bill

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Additional Documents (Self-Employed Only)

N/A

Documents Required for Self-Employed

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Proof Of Photo Identity

Driving License, Passport, PAN Card, Aadhaar Card

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Mandatory Documents

Loan Application Form, Passport Size Photo

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Proof of Income

Last 6 Months Bank Statements, ITR for Last 2 Years

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Job Continuity Proof

N/A

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Proof of Residence

Maintenance Bill, Utility Bill, Property Documents, Rent Agreement

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Additional Documents (Self-Employed Only)

Copy of Tax Registration, Shop Establishment Proof, Company's Registration Certificate

Interest Rates on Personal Loans in Palanpur

Our Personal Loan interest rates in Palanpur ensure affordability, sparing you from excessive fees beyond the loaned sum. Here are the details of our Personal Loan interest rates and associated charges.

Interest Rate

Starting from 1.58% per month

Loan Processing Charges

Minimum Processing fee is 2.5%+ GST

Prepayment Charges

NA

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 Palanpur?

With Hero FinCorp, your Personal Loan provider in Palanpur, you can get a loan approved quickly in Palanpur. You can do this at your convenience by downloading and installing our mobile app. Here’s a step-by-step process.

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  • 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

Frequently Asked Questions (FAQs)

Interest rates on Personal Loans in Palanpur can vary depending on your creditworthiness, loan amount, and chosen lender. Hero FinCorp's interest rate starting from 19% per annum.

Here are the eligibility criteria for Hero FinCorp Personal Loan.

  • Age: 21 to 58 years old
  • Citizenship: Resident Indian Citizen
  • Work Experience: Salaried - Minimum 6 months with current employer; Self-employed- Minimum 2 years in their business. 
  • Monthly Income: Minimum Rs 15,000 per month

The application process is streamlined! You'll typically need:

  • ID proof (Passport, Voter ID, Aadhaar card)
  • Address proof (Utility bills, Rental agreement)
  • Income proof (Salary slips, Income tax returns)
  • Employment proof (Employment certificate, Company registration documents)
Yes, you can prepay the loan. At Hero FinCorp, we have no prepayment charges.
At Hero FinCorp, Personal Loans in Palanpur are typically collateral-free. This means you don't need to put up any assets as security for the loan.