Instant Loan Amount
You can borrow up to Rs 10 Lakh, which covers most big expenses without hassle.
Calculate Your Personal Loan EMI
Get a ₹ 3.5 Lakhs 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 Personal Loan can be really helpful when you have big expenses or emergencies like medical bills, home repairs, weddings, or education fees.
Hero FinCorp offers this loan with interest rates of up to 19% per annum and flexible repayment options of up to 3 years. Everything is done online, so it's convenient and fast. So apply for Rs 3.5 Lakh Personal Loan with Hero FinCorp and easily cover your expenses.
Why Opt for ₹ 3.5 Lakh Personal Loan?
Cover your major expense with Hero FinCorp's Rs 3.5 Lakh Personal Loan, tailored for medical emergencies, home renovations, weddings, or educational needs. Enjoy competitive interest rates up to 19% per annum, ensuring affordability throughout repayment. Select flexible repayment periods of up to 60 months, alleviating financial strain. Our convenient digital application process streamlines the experience, saving time and effort. Access to substantial funds offers peace of mind during unexpected financial hurdles. Customise EMIs using our Personal Loan EMI Calculator to fit comfortably within your budget, ensuring smooth repayment.
EMI for Personal Loan of ₹ 3.5 Lakh for upto 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. 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 | ₹ 37,058 | ₹ 3,87,058 |
| ₹ 3,50,000 | 18 | 19% | ₹ 22,499 | ₹ 54,986 | ₹ 4,04,986 |
| ₹ 3,50,000 | 24 | 19% | ₹ 17,643 | ₹ 73,432 | ₹ 4,23,432 |
| ₹ 3,50,000 | 30 | 19% | ₹ 14,746 | ₹ 92,394 | ₹ 4,42,394 |
| ₹ 3,50,000 | 36 | 19% | ₹ 12,830 | ₹ 1,11,866 | ₹ 4,61,866 |
Features and Benefits of Personal Loan of ₹ 3.5 Lakh
Hero FinCorp is a trusted lender to get a Personal Loan. Here are the key features and benefits:
Attractive Interest Rate
Hero FinCorp offers competitive interest rates of up to 25% per annum, keeping your monthly EMIs manageable.
No Need for Collateral
You don't have to pledge any collateral to get the loans, which doesn't put your belongings at risk.
Flexible Repayment Tenure
You can pay back the loan over a period of up to 5 years, making the monthly payments more manageable.
Instant Approval
Applying for the loan online is fast and easy. You don't have to deal with paperwork or go to a bank branch.
Eligibility Criteria of Personal Loan for ₹ 3.5 Lakh
Getting a Personal Loan of up to 3.5 Lakh from Hero FinCorp is easy! Here's what you need to know about the eligibility criteria:
Age
You should be between 21 to 58 years old.
Citizenship
You need to be a citizen of India.
Work Experience
Two years of work experience are required for self-employed individuals, while salaried employees need at least six months.
Monthly Income
If you want to borrow Rs 3.5 Lakh, you should have a monthly salary of at least Rs 15,000.
Documents Required of Personal Loan for ₹ 3.5 Lakh
Applying for a Rs 3.5 Lakh loan at Hero FinCorp is super easy. Here's what you'll need to provide:
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 ₹ 3.5 Lakhs
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:
How to Apply for a Personal Loan for ₹ 3.5 Lakhs?
To apply for Rs 3.5 Lakh Personal Loan from Hero FinCorp, follow these simple steps:
- 1
Visit the Hero FinCorp website or download our mobile app to initiate the application process.
- 2
Fill out the online application form with accurate personal and financial details, including your name, contact information, employment details, income, and desired loan amount.
- 3
Upload the required documents, such as identity proof, address proof, income proof, and bank statements, to support your application.
- 4
Once you submit your application, our team will review it promptly. You may be contacted for any additional information or clarification if needed.
- 5
Upon approval, you will receive a loan offer outlining the terms and conditions, including the interest rate, loan amount, tenure, and EMI schedule.
- 6
Review the loan offer carefully and accept it if you agree with the terms.
- 7
After acceptance, your loan amount will be disbursed to your bank account within a few working days.
- 8
Start repaying your loan as per the agreed-upon schedule to maintain a good credit history and enjoy hassle-free borrowing in the future.
Frequently Asked Questions
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.
Hero FinCorp offers interest rates of up to 2.08% per month. However, the interest rates may vary based on your credit profile, income, and credit score.
It might not be possible to get approved for a loan without proof of income unless and until you have a pre-approved offer from us.
You can use our free online EMI calculators to know your monthly EMIs. It uses the formula:
EMI = [P x R x (1+R)^N] / [(1+R)^N-1]
Here, P is the loan amount, R is the monthly interest rate, and N is the number of monthly instalments.
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