Get instant access to funds with Hero FinCorp’s Personal Loan of Rs 2 Lakh. Enjoy personal loans with quick approval and flexible repayment tenure.
Calculate Personal Loan EMI
A Personal Loan of Rs 2 Lakh is an unsecured loan which you can get without providing any collateral. You can use it for various planned or unplanned expenses like medical emergencies, home repair, higher education, travel purposes or gadget purchases. At Hero FinCorp, you can apply for a Rs 2 Lakh loan online instantly. With flexible EMI options, these loans come with competitive interest rates and require minimum documents. It takes only 10 minutes for approval when you apply online to get a Rs 2 Lakh loan with Hero FinCorp.
Getting a loan up to Rs 2 Lakh can be of great financial help if you need funds for a big-ticket expense or an emergency. Here is how:
1. Covers multiple needs: You can use it for medical treatment, education, home renovation, weddings, vacations, or electronic items.
2. Flexible Repayment: Choose a tenure of up to 36 months that suits your budget.
3. 100% Digital Process: Apply online and get everything done quickly, without paperwork hassles.
4. Plan Your EMIs Easily: Use the personal loan EMI calculator for a Rs 2 Lakh Personal Loan to find a repayment plan that works best for you.
While looking for a 2 Lakh instant loan, you must be concerned about the monthly EMI amount to pay. Using an EMI calculator for a 2 Lakh Personal Loan can help you choose a suitable repayment tenure. Assuming you get a loan at 19% p.a. interest rate, these will be your EMI amounts for different loan terms:
| Loan Amount | Tenure (in Months) | Interest Rate (per annum) | Monthly EMI | Total Interest | Total Amount Payable |
|---|---|---|---|---|---|
| Rs 2,00,000 | 12 | 19% | Rs 18,431 | Rs 21,172 | Rs 2,21,172 |
| Rs 2,00,000 | 18 | 19% | Rs 12,857 | Rs 31,426 | Rs 2,31,426 |
| Rs 2,00,000 | 24 | 19% | Rs 10,082 | Rs 41,968 | Rs 2,41,968 |
| Rs 2,00,000 | 30 | 19% | Rs 8,427 | Rs 52,810 | Rs 2,52,810 |
| Rs 2,00,000 | 36 | 19% | Rs 7,331 | Rs 63,916 | Rs 2,63,916 |
Disclaimer: EMI amounts shown are estimates; actual figures may vary based on lender terms.
Hero FinCorp is a reputable instant personal loan provider offering various features and benefits with a 2 lakh instant loan for 3 years or less. Here are a few important ones you must know:
Get an instant Personal Loan of up to Rs 2 Lakh online based on income, credit score, and eligibility.
Get the best interest rate on a Rs 2 Lakh loan at Hero FinCorp, starting from 19% per annum.
Get a Rs 2 Lakh instant Personal Loan without collateral, security, or a guarantor.
Our fast online process with zero paperwork ensures quick verification, approval, and instant loan disbursal.
Before applying for a Personal Loan, make sure you meet the eligibility criteria. At Hero FinCorp, the personal loan eligibility is simple for both salaried and self-employed applicants.
| Criteria | Requirement |
|---|---|
| Age | To get a Rs 2 Lakh loan from Hero FinCorp, you should be 21-58 years old. |
| Citizenship | Only resident Indian citizens can get a loan up to Rs 2 Lakh from Hero FinCorp. |
| Work Experience | The Minimum work experience for salaried employees is 6 months, and 2 years for self-employed. |
| Monthly Income | Minimum income requirements of Rs 15,000 per month. |
Since the documentation process is completely digital, To get a Personal Loan of Rs 2 Lakh, ensure you have the required documents ready.. At Hero FinCorp, the documentation requirements vary for salaried and self-employed applicants. Here are the details.
Hero FinCorp provides Rs 2 Lakh loans with the best personal loan interest rates. Our interest rates are highly competitive. However, before applying, you should be aware of other fees and charges to determine the total cost of your loan. Here is an overview.
| Fees & Charges | Amount Chargeable |
|---|---|
| Interest Rate | Starting from 1.58% per month |
| 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 |
Applying for a loan up to Rs 2 Lakh online is very simple. Just follow the easy steps mentioned below to process your loan application:
As a very first step, start by visiting the Hero FinCorp website or download the personal loan app.
Go to the personal loan section and click on apply now.
Enter your mobile number and confirm it with the OTP sent to you.
Select the loan amount according to your needs.
Complete your KYC to check income eligibility.
Finally, click Submit to finish your application and get a personal loan with fast approval in 10 minutes.
A Personal Loan of Rs 2 Lakh can be used for various financial needs. Here are some common uses:
*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.
