Rs 3.5 Lakh Personal Loan

Tenure up to 36 month

Minimum Salary Required Rs 15K

Instant Approval in 10 minutes

Apply Now

3.5 Lakh Loan EMI Calculator

Apply For Personal Loan

हिंदी में पढ़ें Apply Now

Get a Rs 3.5 Lakh Personal Loan Instantly

When you face any financial emergency, you require funds instantly. While a few use their savings, most rely on a Personal Loan. A 3.5 Lakh loan can be quite helpful when you have big expenses or emergencies like medical bills, home repairs, weddings, or education fees.

Hero FinCorp offers up to Rs 5 Lakh with interest rates starting from 1.58% per month and flexible repayment terms of up to 3 years. The best part is that you can get approval in 10 minutes when you apply online. You should have a minimum monthly income of Rs 15,000, a good credit score and a low debt-to-income ratio to be eligible for a Personal Loan of Rs 3.5 Lakh at Hero FinCorp.

Why Opt for Rs 3.5 Lakh Personal Loan?

You can cover your major expenses like medical emergencies, home renovations, weddings, or educational needs with Hero FinCorp's Rs 3.5 Lakh Personal Loan. Enjoy competitive interest rates (19% per annum), ensuring easy repayment. You can select flexible repayment periods of up to 36 months, alleviating financial strain. Our convenient digital application process streamlines the experience, saving time and effort. Access to instant funds offers peace of mind during unexpected financial hurdles. You can choose EMIs using our Personal Loan EMI Calculator to fit comfortably within your budget, ensuring smooth repayment.

EMI for Personal Loan of Rs 3.5 Lakh for up to 3 Years

When considering a Personal Loan of Rs 3.5 Lakh, it's essential to understand how the repayment amount varies based on the chosen tenure. You can use a personal loan EMI calculator to calculate your EMIs instantly online.

Here is a table illustrating the monthly EMI for Rs 3.5 Lakh Personal Loan for different repayment periods ranging from 12 to 36 months, assuming an interest rate of 19% per annum:

Loan Amount (Rs)	Tenure (in Months)	*Interest Rate (%)**	Monthly EMI (Rs)	Total Interest	Total Amount Payable
3,50,000	12	19%	32,255	37,060	3,87,060
3,50,000	18	19%	22,499	54,982	4,04,982
3,50,000	24	19%	17,643	73,432	4,23,432
3,50,000	30	19%	14,746	92,380	4,42,380
3,50,000	36	19%	12,830	1,11,880	4,61,880

Avail Personal Loan Now

Features and Benefits of Personal Loan of Rs 3.5 Lakh

Hero FinCorp’s Personal Loan has several advantages. Here are the key features and benefits of our loan:

Attractive Interest Rate

Hero FinCorp offers competitive interest rates starting from 25% with 19% per month.

No Need for Collateral

You don't have to pledge any collateral to get the loans, as these are unsecured loans.

Flexible Repayment Tenure

You can repay the loan over a period of up 12 to 36 months, as per your monthly budget.

Instant Approval

You can get approval within 10 minutes when you apply for the loan online.

Instant Loan Amount

You can borrow up to Rs 10 Lakh, which covers most big expenses without hassle.

Eligibility Criteria of a Personal Loan of Rs 3.5 Lakh

Before applying for a Personal Loan of Rs 3.5 Lakh, make sure you meet the eligibility criteria. These include your age, monthly income, work experience, and Indian citizenship. At Hero FinCorp, the personal loan eligibility criteria are simple and easy to fulfil.

Monthly Income

You should have a minimum income of Rs 15,000 monthly.

Age

You should be between 21 to 58 years old.

Citizenship

You need to be a citizen of India.

Work Experience

Six months for salaried and 2 years for self-employed.

Calculate Your Loan Eligibility

List of Documents Required of Personal Loan for Rs 3.5 Lakh

At Hero FinCorp, the documentation requirements differ for salaried and self-employed applicants. Knowing the requirements before applying and being ready with the documents required for a personal loan is better to ensure a smooth application process. Here is the list of documents.

Required Documents for Salaried

Mandatory Documents

Duly filled application form, Passport-size photograph

Identity Proof

Driving License, Passport, PAN Card, Aadhaar Card (Any One)

Address Proof

Driving License, Passport, Aadhaar Card, Ration Card, Utility Bill (Any One)

Ownership Proof (Optional for Salaried)

Residence Ownership Proof (Electricity Bill, Maintenance Bill, Property Document)

Income Proof

Last 6 Months’ Salary Slips, Bank Statements & Form 16

Required Documents for Self-Employed

Mandatory Documents

Duly filled application form, Passport-size photograph

Identity Proof

Driving License, Passport, PAN Card, Aadhaar Card (Any One)

Address Proof

Driving License, Passport, Aadhaar Card, Ration Card, Utility Bill (Any One), Office Address Proof (if applicable)

Ownership Proof (Optional for Salaried)

Business Existence Proof (Tax Registration, Shop Establishment Proof, Company Registration Certificate)

Income Proof

Last 6 Months Bank Statements & ITR for 2 Years

Personal Loan Interest Rates for Rs 3.5 Lakh

At Hero FinCorp, we offer hassle-free Personal Loans of Rs 3.5 Lakh with competitive personal loan interest rates and minimum paperwork. But before you apply, you must know about any extra charges that might add up and affect your total loan cost. Here's a simple breakdown:

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	Online loan app does not charge any cancellation charges Interest amount paid is non-refundable Processing charges are also non-refundable

How to Apply for a Personal Loan for Rs 3.5 Lakh?

The instant loan online application process at Hero FinCorp is quick and simple. Here are the steps to apply for a Personal Loan of Rs 3.5 Lakh online.

01
Visit the Hero FinCorp website or install the personal loan app
02
Go to the personal loan page and click ‘apply now’
03
Enter your mobile number and verify with the OTP received
04
Choose the loan amount you need
05
Verify your KYC details to check income eligibility
06
Click ‘Submit’ to complete your application

Apply Now

Uses of Personal Loan of Rs 3.5 Lakh

A Personal Loan of Rs 3.5 Lakh can be used for various purposes. Here are the most common uses:

Gadget Purchase

You can use a Personal Loan to buy an expensive smartphone, laptop or any electronic appliance.

Vehicle Repair or Purchase

You can take a Personal loan and buy a bike/scooter or make a down payment for a car.

Emergency Fund

You can use an online Personal Loan as an emergency fund for unexpected incidents.

Medical Emergencies

A Personal Loan might be one of the best funding options when you need cash for any medical-related requirement.

Home Renovation

You can take a Personal Loan if you want to renovate the interiors, kitchen or façade of your home and pay it back in monthly instalments.

Education Expenses

A Personal Loan can cover all your education-related expenses, such as tuition fees and study materials.

Wedding Expenses

It takes only 10 minutes for a Personal Loan to be approved online without much hassle. You can use it for all your wedding expenses.

Travelling / Vacations

You can avail of a Personal Loan for outstation trips (national or international) and repay it through monthly instalments over a repayment tenure of 36 months.

Frequently Asked Questions

What is the EMI for a 3.5 Lakh Personal Loan?

To get accurate and instant results, use our EMI calculator that will help you determine your 3.5 Lakh loan EMI based on the loan tenure and interest rate.

What is the monthly interest on Rs 3.5 Lakh loan?

The interest rates may vary based on your credit profile, income, and credit score. At Hero FinCorp, the interest rates starting from 1.58% per month.

Can I get a 3.5 Lakh loan without income proof?

No, if you are salaried but not having salary slips, you can furnish other income proofs like Form-16, ITR or bank statement.

How is Personal Loan EMI calculated?

The EMI of a Personal Loan is calculated using the loan amount, interest rate and repayment tenure. You can use the online Personal Loan EMI Calculator.

View All FAQ's