Personal Loan EMI Calculator
Get a Personal Loan of up to Rs 1 Lakh instantly with minimal hassle. If you have a minimum monthly salary of Rs 15,000, you can qualify for a flexible loan with a tenure of up to 36 months. Enjoy quick approval and competitive interest rates starting at 19% per annum. Whether you need funds for medical emergencies, travel, or other personal expenses, this loan offers a convenient solution with easy repayment options. Apply online today and get the financial support you need without lengthy paperwork or delays!
Applying for a Rs 1 Lakh Personal Loan can be an instant solution in many situations. Whether handling urgent expenses or unforeseen medical bills or bridging financial gaps, a Rs 1 Lakh instant loan is a quick and accessible option.
With Hero FinCorp, enjoy the convenience of an instant Personal Loan of Rs 1 Lakh with the flexibility of adjusting the tenure as per your needs. Let’s explore the Rs 1 Lakh Personal Loan, which provides financial stability during emergencies without affecting your savings.
Here’s the calculation of a Rs 1 Lakh loan EMI at an interest rate of 19% per annum for different tenures.
| Loan Amount | Tenure (in Months) | Interest Rate (per annum) | Monthly EMI | Total Interest | Total Amount Payable |
|---|---|---|---|---|---|
If you borrow a Rs 1 lakh Personal Loan for 3 years, the EMI will be smaller and easier to handle. However, if you choose a shorter term, the EMI amount will increase, and you'll need to assess your monthly budget to accommodate it comfortably.
To plan better, use a personal loan EMI calculator. It computes EMIs for different loan terms, allowing you to choose a loan tenure with affordable monthly payments.
Adjust the loan term based on your financial comfort, and choose an EMI that fits your budget.
Securing a Rs 1 Lakh loan opens doors to financial flexibility. Explore the features and benefits to understand how a Rs 1 Lakh loan can empower you financially.
Get an instant Rs 1 Lakh loan online for urgent needs or personal goals effortlessly.
Enjoy attractive interest rates from 1.58% per month, making your loan manageable and budget-friendly.
Getting a Rs 1 Lakh loan is easy and stress-free, with no collateral required.
These loans offer a flexible repayment tenure of up to 36 months for easy repayment.
Get a Rs 1 Lakh instant loan approval for quick access to funds without any delays.
Understanding the eligibility criteria is crucial for securing an instant loan of Rs 1 lakh. Typically, your credit score, monthly income, and employment stability are evaluated. You can use a personal loan eligibility calculator to check your eligibility instantly.
You should be between 21-58 years.
You should be a citizen of India.
Minimum work experience for salaried employees is 6 months and 2 years for self-employed.
Minimum income requirements of Rs 15,000 per month.
Securing a Rs 1 Lakh Personal Loan is quick and easy if you have the right paperwork. Check the documents required for personal loan for salaried and self-employed individuals to streamline your application.
Duly filled application form, Passport-size photograph
Driving License, Passport, PAN Card, Aadhaar Card (Any One)
Driving License, Passport, Aadhaar Card, Ration Card, Utility Bill (Any One)
Residence Ownership Proof (Electricity Bill, Maintenance Bill, Property Document)
Last 6 Months Salary Slips, Bank Statements, and Form 16
Duly filled application form, Passport-size photograph
Driving License, Passport, PAN Card, Aadhaar Card (Any One)
Driving License, Passport, Aadhaar Card, Ration Card, Utility Bill (Any One), Office Address Proof (if applicable)
Business Existence Proof (Tax Registration, Shop Establishment Proof, Company Registration Certificate)
Last 6 Months' Bank Statements and ITR for 2 Years
Securing a Rs 1 Lakh Personal Loan depends largely on the interest rates, as it directly impacts your total repayment. Lower personal loan interest rates make borrowing more affordable, so it's crucial to find the best available options.
| Charge Type | Details |
|---|---|
| Interest Rate | Starting from 1.58% per month |
| Loan Processing Charges | Starting from 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. Loan app does not charge cancellation charges |
| 2. Interest paid is non-refundable | |
| 3. Processing charges are non-refundable |
Applying for a Rs 1 Lakh Personal Loan is straightforward, ensuring quick access to the funds you need.
Visit the Hero FinCorp website or install the personal loan app
Go to the personal loan page and click ‘apply now’
Enter your mobile number and verify with the OTP received
Choose the loan amount you need
Verify your KYC details to check income eligibility
Click ‘Submit’ to complete your application
A Rs 1 lakh Personal Loan can be used for various financial needs, including the following:
