Sukhna Lake, Chandigarh, India

Personal Loan in Chandigarh

Chandigarh, a union territory of India is known to be the capital of Haryana and Punjab. The city is acclaimed to be the richest in India and holds the highest per capita income in the country. This has triggered many financial institutions to grow considerably providing a variety of loans at an affordable interest rate. Like many other cities in India, personal loan. is on the rise in Chandigarh for the fact that it supports different financial purposes whether clearing of debts, managing educational expenses, wedding cost, renovation or medical bills.

When urgent money is needed, you can’t wait for loans to get sanctioned in weeks. Borrowers in Chandigarh can easily take quick financial support by applying for personal loan online through instant cash app. Simply Cash is a fast pace instant loan app, which is the just the right source to acquire emergency loan from 50,000 to 1.5 lakh. It is a secured digital platform for instant personal loan launched by HeroFinCorp, a trusted financial company in India

Personal Loan Interest Rates in Chandigarh

A good credit score helps to acquire a low interest rate. Borrowers in Chandigarh having a good credit score will get personal loan approval in no time along with a low interest rate. The starting interest rate is 10.99%, for the residents of Chandigarh which can easily be repaid up to a period of 2 years. A fixed interest remains constant throughout the loan tenure whereas a floating rate of interest can fluctuate. Longer the tenure, higher will be the interest paid.

Feature and Benefits of Personal Loan in Chandigarh

Best feature about a personal loan is that it can help you suffice any financial urgency in your life. Here are the prominent benefits of availing a personal loan in Chandigarh:

Multi-purpose loan

A personal loan is not restricted to a specific purpose. Once borrowed, it can be used for fulfilling different financial needs and emergency bills. Whether academic fees, home renovation or travel expenses, everything can be covered in a personal loan.

Collateral Free

Borrowers who don’t have any asset or security to submit against the loan can also borrow personal loans easily. This collateral free feature makes it easy for lenders to sanction personal loans instantly.

Online application

Quick registration, submission of paper less documentation and real time verification makes online loan application a preferred choice. On sanction, the loan amount is credit to the borrower’s bank account. This is a secured procedure for loan approval that is widely accepted in current times..

Loan EMI Calculator

The EMI loan calculator is a simple tool that enables users to conveniently set EMIs based on the loan amount, tenure and interest rate. Hence, use the EMI calculator flexibly to derive EMI amounts that you can pay easily.

Good amount of payback time

Personal loans give you a minimum of a year’s time to pay off the debt. The loan is further broken into manageable monthly payments. This ease of repayment is not applicable with other types of loan that demand clearance probably in weeks or months.

How to Apply For Personal Loan in Chandigarh

The Simply Cash Personal Loan App is designed flexibly with user-friendly navigations to understand stepwise registration/loan application process:

  • 1. Click ‘Install’ to initiate the app download from Google Play Store
  • 2. Once the download has successfully completed. Click ‘Open’ to start using the app on your phone
  • 3. Enable location settings to give Simply Cash access to find your location in Chandigarh
  • 4. Next, enter your mobile number/email address to begin the application process. These details are verified with an OTP for user safety.
  • 5. On verification, users will be redirected to the loan application form
  • 6. Fill in the mandatory fields and submit for further processing
  • 7. Use the EMI calculator to set a suitable EMI against the required loan amount
  • 8. Submit the necessary KYC documents and income proofs for verification
  • 9. If all the details submitted are 100% authentic, loan amount will be disbursed within 24 hours to the given bank account

Documents Required and Eligibility Criteria

Borrowers in Chandigarh should meet the eligibility criteria to acquire personal loans successfully for various purposes:

  • 1KYC documents, inclusive of Aadhaar Card, Mobile Number Linked to Aadhar, Pan Card and Bank Account details.
  • 2Address proof on driving license/ Passport/Voter’s ID
  • 3Account holder’s internet banking information
  • 4Income proof such as salary slips for salaried individuals and financial statements with photographs for self-employed.
  • 5Employee details or business details such as name of the company, position at work place, work experience and job stability
  • Once the required documents are approved, the loan is disbursed instantly into your registered bank account.
  • Income proof is mandatory to verify the credit score that gives information about a person’s capability to repay the loan regularly in EMIs.


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