Personal Loan EMI Calculator
As soon as the summer season starts, the demand for AC increases in the market. However, many postpone their plan due to a lack of finances. That is when a personal loan for AC online provides the much-needed financial support to purchase the AC of your choice!
Hero FinCorp is one of the most reputable NBFCs offering Personal Loans of up to Rs. 5 Lakh at an interest rate starting from 19%.. These loans are collateral-free and have no end-use restrictions, so you can use them to buy expensive consumer durables like air conditioners. Moreover, they save you from using your credit card, helping you control your CUR and improve your credit score.
There are many reasons you would consider buying an AC on EMI. Most importantly, it distributes the AC’s cost into installments that you can quickly repay in up to 36 months at your monetary convenience. Besides that, you can keep your savings intact, which you can invest elsewhere or retain for emergencies.
The best part is that Personal Loans are easily accessible at Hero FinCorp. You can instantly obtain one by downloading the App and using it to buy AC on loan without straining your budget.
Purchasing an AC on EMI without credit card and taking a loan offers many benefits. Those that matter the most include the following:
A loan makes expensive AC models affordable, allowing you to choose based on preferences.
Hero FinCorp offers Personal Loans with interest rates starting at 19% per annum, making AC purchases affordable.
Hero FinCorp offers collateral-free loans based on credibility, repayment capacity, and eligibility.
Repay your loan in up to 36 months with flexible EMIs as per budget.
No paperwork, collateral, or visits speed up loan approval, making it ideal for buying AC on EMI deals.
Hero FinCorp’s 100% digital loan process lets you apply and upload documents online easily.
Hero FinCorp personal loan eligibility criteria are transparent and precise, making Personal Loans accessible to most without hassle. The eligibility criteria to obtain a personal loan for AC online include the following:
| Criteria | Requirement |
|---|---|
| Age | You must fall within the age bracket of 21 to 58. |
| Citizenship | Hero FinCorp Personal Loans are accessible to Indian citizens only. |
| Work Experience | Salaried applicants need 6 months' job experience; self-employed must have 2 years in business. |
| Monthly Income | Your monthly income should be a minimum of ₹ 15,000 to qualify for a loan. |
When applying for a Personal Loan at Hero FinCorp, you don't need to worry about hefty documentation and time-consuming procedures. All you need to do is gather documents for identity proof, address proof and employment proof, scan them digitally, and save their soft copies on your device. When prompted, you must upload these personal loan documents online through the website or loan app. The entire process is digital and does not involve branch visits or paperwork.
Driving License, Passport, PAN Card, Aadhaar Card
Loan Application Form, Passport Size Photo
6 Months’ Salary Slips & Bank Statements, Form 16
Appointment Letter from Current Employer
Driving License, Passport, Aadhaar Card, Utility Bill
N/A
Driving License, Passport, PAN Card, Aadhaar Card
Loan Application Form, Passport Size Photo
Last 6 Months Bank Statements, ITR for Last 2 Years
N/A
Maintenance Bill, Utility Bill, Property Documents, Rent Agreement
Copy of Tax Registration, Shop Establishment Proof, Company's Registration Certificate
The interest rate on personal loan for AC does not exceed 30% at Hero FinCorp. However, the final interest rate you pay depends on your credit history, repayment capacity, DTI ratio, and other crucial factors. That is why it is important to make all your payments on time, take loans sparingly, and minimize credit card usage to buy an AC on loan at attractive interest rates.
Have you decided to buy AC on EMI using a Hero FinCorp Personal Loan? Follow this stepwise procedure to apply for a personal loan for AC online and get the required funding in minutes:
Visit the Hero FinCorp website or install the Personal Loan app
Go to the Personal Loan page and click ‘Apply Now’
Enter your mobile number and verify with the OTP received
Choose the loan amount you need
Verify your KYC details to check income eligibility
Click ‘Submit’ to complete your application
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