Mandatory Documents
Duly filled loan application form, Passport size coloured photograph
Rs 60,000 Personal Loan
Instant Loan Approvals
Flexible Loan Options
Attractive Interest Rates
100% Digital Process
Calculate Personal Loan EMI
Get a Rs 60,000 Personal Loan Instantly
Do you require quick loans of 60,000 to assist with unforeseen expenditure? You can now obtain a 60,000 Personal Loan quickly from Hero FinCorp without dealing with the pain of loads of paperwork or long wait periods for approval. Whether you are dealing with an emergency medical issue, paying utility bills, or need to travel 'last-minute', our fast disbursal and minimal documentation make it easy for you to get money when you need it. Flexible repayment options and attractive interest rates based on your circumstances. Apply online today and experience a hassle-free loan procedure with Hero FinCorp.
EMI for a Personal Loan of Rs 60,000 for up to 3 Years
Find out your monthly EMI for a 60,000 Personal Loan at 19% interest per annum with flexible tenures of up to 3 years.
| Loan Amount (Rs) | Tenure (Months) | Interest Rate (p.a.) | Monthly EMI (Rs) | Total Interest (Rs) | Total Amount Payable (Rs) |
|---|---|---|---|---|---|
| 60,000 | 12 | 19% | 5,529 | 6,353 | 66,353 |
| 60,000 | 18 | 19% | 3,857 | 9,426 | 69,426 |
| 60,000 | 24 | 19% | 3,025 | 12,588 | 72,588 |
| 60,000 | 30 | 19% | 2,528 | 15,839 | 75,839 |
| 60,000 | 36 | 19% | 2,199 | 19,177 | 79,177 |
Why use a Personal Loan of Rs 60,000?
A 60,000 Personal Loan is ideal to cover a short-term financial requirement without depleting your savings. Whether you are faced with an unexpected medical bill, debt-linked costs for car repair, or going on a quick getaway, Rs 60,000 is the ideal amount! There is no requirement for collateral, and you can choose simple repayment plans according to your circumstances. This loan is a stress-free way of handling expenses or payments without hassle. With quick approval, minimal documentation, and fast disbursal, Hero FinCorp makes the loan process even easier. Just apply online and get the funds when you need them.
Eligibility Criteria for a Personal Loan of Rs 60000
To be eligible for a 60,000 Personal Loan, you will have to meet some basic qualification requirements in terms of age, income, employment, and credit history. If all requirements are met, this will help ensure a faster approval time during the application process and an easy disbursal at Hero FinCorp. You can also use the personal loan eligibility criteria to check your eligibility online.
| Criteria | Requirement |
|---|---|
| Age | You must be between 21 to 58 years of age. |
| Citizenship | You must be an Indian citizen to apply for a Personal Loan at Hero FinCorp. |
| Work Experience | 1. Salaried Individuals: Minimum 6 months 2. Self-employed Individuals: Minimum 2 years of stable business operations |
| Monthly Income | The minimum income requirement is Rs 15,000 per month. |
| Credit Score | A score of 750+ is generally preferred for instant approval. |
List of Documents Required to Apply for Personal Loans of 60k
If you are applying for a Personal Loan of up to Rs 60,000, you will need to have a few essential documents for personal loan . These documents help the lender verify your identity, income, eligibility, and other aspects. So, it's better to gather these documents before applying to ensure a quick turnaround time and a hassle-free experience with approval and processing.
Documents Required for Salaried
Identity Proof
Driving Licence/ Passport PAN Card (mandatory)/ Aadhaar card
Residence Proof
Driving Licence/ Passport/ Aadhaar Card/ Ration Card/ Utility Bill
Residence Ownership Proof
Electricity Bills/ Maintenance Bills/ Property Documents
Income Proof
Last three months' salary slips, Last six months' bank account statement (salary account), Form 16
Job Continuity Proof
Appointment letter from the current employer, Experience certificate from the previous employer
Documents Required for Self-Employed
Mandatory Documents
Duly filled loan application form, Passport size coloured photograph
Identity Proof
Driving Licence/ Passport PAN Card (mandatory)/ Aadhaar card
Residence Proof
Driving Licence/ Passport/ Aadhaar Card/ Ration Card/ Utility Bill
Office Address Proof
Maintenance Bill/ Utility Bill/ Property Documents/ Rent Agreement
Business Existence Proof
Copy of Tax Registration/ Shop Establishment Proof/ Company’s Registration Certificate
Income Proof
Income Proof
Interest Rates and Charges for a 60,000 Personal Loan
Understand the interest rates and charges applicable on a 60,000 Personal Loan to plan your repayment smartly. At Hero FinCorp, the personal loan interest rates are competitive and other charges are nominal.
| Fees & Charges | Amount Chargeable |
|---|---|
| Interest Rate | Starting from 19% p.a. |
| 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 application does not charge any cancellation fees Interest amount paid is non-refundable Processing charges are also non-refundable |
Note: The above rates are effective from 27.10.2023.
How to Apply for a Personal Loan of Rs 60,000?
Taking a 60,000 Personal Loan has never been easier. With Hero FinCorp, after completing the following steps, you will get instant approval and faster disbursal.
- 1
Visit Hero FinCorp’s website or download the Hero FinCorp personal loan app.
- 2
Go to the small personal loan section and select ‘apply now’.
- 3
Enter your mobile number and authenticate it with the OTP received on your phone.
- 4
Select your loan amount and repayment tenure.
- 5
Complete the KYC verification to check your income eligibility.
- 6
Click ‘Submit’ and you are done with the loan application process.
Uses of a Personal Loan of 60,000
A 60,000 Personal Loan can help you to manage your unforeseen expenses or planned purchases, or emergencies without disturbing your savings or emergency funds.
Home Renovation
Get the funding to upgrade the interiors, replace damage, or expand the space.
Education Expenses
No more worrying about tuition fees or books, or other materials.
Wedding Expenses
Cover expenses surrounding the wedding venue, the wedding dress or suit, the reception, etc.
Travel & Vacation
Leave the guilt behind for not being able to take a memorable trip while you were a student; don't worry about straining your monthly finances.
Small Business Needs
Use the loan amount for working capital, purchasing raw materials or inventory and keep your business running without financial issues.
Gadget Purchase
Laptops or smartphones are costly, but you can buy them without the financial pressure of having to pay the cost upfront.
Vehicle Repair or Down Payment
Take care of your current car issue instead of waiting to save a sizable amount, or use the loan amount to make a down payment for a bigger car.
Emergency Fund
Use the loan money to build an emergency fund that can help you handle any financial situation without any stress or tension.
Medical Emergency
Utilise the loan you borrowed to expedite your medical treatment by paying for bills at the hospital for your treatments that your limited finances may not support.
Blogs
Frequently Asked Questions
To apply for Personal Loans up to 60,000, simply visit Hero FinCorp's website or app, fill in your application with your KYC and income details, and submit the form.
Yes, you may get a Personal Loan with a low credit or CIBIL score, but the lender may not offer you favourable terms. You may get a smaller loan amount or may have to pay a higher interest rate.
The loan tenure may vary from lender to lender. At Hero FinCorp, Personal Loans come with a repayment tenure of 12 to 36 months.
Yes, Personal loans have a small processing fee that gets deducted at the time of processing the Personal Loan application.
You can get a Personal Loan approval in less than 10 minutes when you apply on the Hero FinCorp website/app.
Yes, Personal Loans are unsecured and so they can be used for various purposes like travel, education, medical emergencies, home renovation or any other need.
You can use an online EMI calculator. Input the loan amount, rate of interest, and duration of the tenure, and you will see your monthly EMI.
Yes, you can easily apply online through Hero FinCorp’s website or mobile app in a few simple steps.