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Rs 1 Lakh Personal Loan

Need a quick fund of Rs 1 Lakh but not sure where to start? Apply for the Hero FinCorp Personal Loan of Rs 1 Lakh. Get fast approval without any collateral from the comfort of your home.

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Instant Approval in 10 Minutes
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Tenure up to 36 Months
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Minimum Income Required Rs 15K
Calculate Personal Loan EMI

Monthly EMI

₹ 0

Interest Payable

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Get a Rs 1 Lakh Personal Loan Instantly

An instant Personal Loan of Rs 1 Lakh is a quick and easy option considered by both salaried and self-employed individuals for urgent cash needs. Be it a medical emergency, home renovation, higher education or last-minute wedding-related expense, you can get a Personal Loan of Rs 1 Lakh online from Hero FinCorp. Apply online with minimal documents and get approval within 10 minutes. It is a hassle-free way to get money at attractive interest rates (starting from 1.58% per month) and flexible repayment tenure of 12 to 36 months.

Why Choose Hero FinCorp for a Personal Loan of Rs 1 Lakh?

Applying for a one lakh personal loan with Hero FinCorp is an effortless and fast way to meet your financial needs. Here are some reasons to pick:

1. Instant Approval in 10 Minutes: Get quick approval and access to your money in just 10 minutes, so you don't have to wait long.

2. No Security or Collateral Needed: You can apply without having to put up any security or collateral, which makes the process easier.

3. 100% Digital Journey: The entire process, from application approval to submission, is online and paperless.

4. Flexible Tenure: Choose a repayment period that suits your budget and make it easy to repay with EMIs.

5. 24/7 Emergency Financial Support: Pay for medical bills, urgent travel, or other unexpected costs without touching your savings.

Rs 1 Lakh Personal Loan - EMI Options for 1 Year to 3 Years Tenure

Here’s the calculation of a Rs 1 Lakh loan EMI at an interest rate of 19% per annum for different tenures.

Loan AmountTenure (In Year)Interest Rate (per annum)Monthly EMITotal InterestTotal Amount Payable
Rs 1,00,0001 Year19%9,21610,5881,10,588
Rs 1,00,0001.5 Year19%6,42815,1701,15,710
Rs 1,00,0002 Year19%5,04120,9811,20,981
Rs 1,00,0002.5 Year19%4,21326,3981,26,398
Rs 1,00,0003 Year19%3,66631,9621,31,962

Disclaimer: EMI amounts shown are estimates; actual figures may vary based on lender terms.

Features and Benefits of a Personal Loan of Rs 1 Lakh

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.

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High Loan Amount

Get an instant one-lakh loan online for urgent needs or personal goals effortlessly.

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Attractive Interest Rate

Enjoy attractive interest rates from 1.58% per month, making your loan manageable and budget-friendly.

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Collateral-Free

Getting a loan of 1 lakh rupees is easy and stress-free, with no collateral required.

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Flexible Repayment Tenure

These loans offer a flexible repayment tenure of up to 36 months for easy repayment.

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Instant Approval

Get a Rs 1 Lakh instant loan approval for quick access to funds without any delays.

Eligibility Criteria for a Personal Loan of Rs 1 Lakh

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.

CriteriaRequirement
AgeYou should be between 21-58 years.
CitizenshipYou should be a citizen of India.
Work ExperienceMinimum work experience for salaried employees is 6 months and 2 years for self-employed.
Monthly IncomeMinimum income requirements of Rs 15,000 per month.

Documents Required for a Personal Loan of Rs 1 Lakh

Securing a loan of 1 lakh rupees is quick and easy, without any paperwork. Simply have the following documents handy for both salaried and self-employed individuals to instantly process your application.

  • Pan Card
  • Aadhar Card

Personal Loan Interest Rates & Charges for Rs 1 Lakh Loan

You should be aware of the interest rates applicable on a one-lakh loan. These rates directly affect your total repayment. Lower personal loan interest rates make borrowing more affordable. It's important to find the best options available. For more accuracy, you can calculate your EMI and find the best available options.

Charge TypeDetails
Interest RateStarting from 1.58% per month
Loan Processing ChargesStarting from 2.5% + GST
Prepayment ChargesN.A.
Foreclosure Charges5% + GST
EMI Bounce ChargesRs 350/-
Interest on Overdue EMIs1-2% of the loan/EMI Overdue Amount Per Month
Cheque BounceFixed Nominal Penalty
Loan Cancellation1. Loan app does not charge cancellation charges
2. Interest paid is non-refundable
3. Processing charges are non-refundable

How to Apply for a Personal Loan of Rs 1 Lakh?

Applying for a personal loan with low interest is very simple. Just follow the easy steps mentioned below, and you are good to go:

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  • 01

    Visit the Hero FinCorp website or download the personal loan app.

  • 02

    Go to the instant personal loan section and click ‘apply now’.

  • 03

    Enter your mobile number. Register yourself by submitting the OTP received.

  • 04

    Select the desired loan amount.

  • 05

    Complete your KYC verification. Check the income eligibility.

  • 06

    Click ‘Submit’ to finish your application.

Uses of a Personal Loan up to Rs 1 Lakh

A personal loan of up to Rs 1 lakh can be used for various financial needs, including the following:

Medical Emergencies

Cover sudden hospital or treatment expenses with a personal loan for medical emergency.
 

Home Renovation

Upgrade or repair your home interiors with a personal loan for home renovation.

Education Expenses

Fund tuition fees, coaching classes, or skill development courses with a personal loan for education.

Wedding Expenses

Manage wedding-related costs, such as venue, catering, or outfits, with a personal loan for marriage.
 

Travel & Vacation

Finance a domestic or international trip with a personal loan for travel.
 

Small Business Needs

Invest in a startup, inventory, or working capital with a Personal Loan.
 

Gadget Purchase

Buy a new smartphone, laptop, or home appliances with a personal loan for consumer durables.
 

Vehicle Repair or Down Payment

Cover car/bike repairs or make a down payment with an instant cash loan.
 

Emergency Fund

Use a quick loan as backup savings for unexpected expenses.
 

What Our Clients Say About Us

It's a great appreciation for obtaining the best personal loan with the fewest papers necessary and promptly disbursing loan ...funds. I truly appreciate your assistance. Simple procedure and a user-friendly interface. There are no problems, inquiries or anything else as long as you pay.

Savi Gupta

Herofincorp has great funds for various purposes. I got the best personal loan offer compared to interest rates, terms, and fees for ...my best financial situation. Thanks for your assistance.

Rashi Kohli

It is a simple procedure. For financial emergencies, it is the best option. Thanks for their assistance. Adaptable and well-balanced. You can acquire an immediate loan transfer with Hero FinCorp.

Lalji Soni

Processing is quick, and had great experiences with this personal loan application and service. I appreciate customer support's gentle communication in helping the process go more smoothly. interest rates provided on the personal loan is the lowest in market. Overall experience good. I'm grateful.

Raj Chaudhary

I have been looking for a platform that allows me to borrow money quickly, it is convenient, safe and reliable to borrow money on this practical and reliable platform.

Kadam Kailash

Frequently Asked Questions

Yes, income proof, like bank statements, salary slips, or ITRs is necessary to evaluate repayment ability for a Rs 1 lakh personal loan.
The monthly payment (EMI) on a loan of Rs 1 Lakh will depend on the interest rate and term you select. For example, the EMI of a Rs 1 Lakh loan at a 19% annual rate for a 12-month loan term will be approximately Rs 9,216.
The minimum salary requirement at Hero FinCorp to avail of a one lakh personal loan is Rs 15,000 per month.
You can choose to apply through the Hero FinCorp website or loan app with KYC documents and proof of income for instant approval. It can get approved within 10 minutes if eligibility and verification standards are met.
Yes, you can obtain a Rs 1 Lakh loan amount even with a low CIBIL score. However, it will depend on the lender's policies and may result in higher interest rates or lower loan amounts.
Hero FinCorp loan app provides instant approval of a 1 lakh rupees loan in 10 minutes with minimum documents.
No, documents for KYC and income proof are required for a one-lakh loan whether you apply online or through a branch in person.
Yes, you can easily get approval for a Personal Loan of Rs 1 Lakh for emergency within 10 minutes when you apply on the website or loan app of Hero FinCorp.

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.