What is Emergency Loan

Reasons to Apply for Emergency Loan with HeroFinCorp

HeroFinCorp offers speedy personal loan within 24hours. Apply for an instant emergency loan with HeroFinCorp for the following reasons:
 

• Medical Emergency: In case of an accident, injury or specialist doctor visit, you can organise for an emergency loan instead of asking for monetary help from friends or relatives.

 

• Monthly Rent: Piling up rent every month will not be acceptable by most landlords. So, students, singles or couples staying on rent can rely on an emergency loan to pay off the monthly rent when other expenses are more.

 

• Wedding Expenses: Marriage is a lifetime event that calls for so many extra expenses besides the major ones. You can deal with spontaneous wedding expenditures with the HeroFinCorp emergency loan.

 

• Gatherings: Whether it is a surprise anniversary trip or organising a family birthday party at home, all these gatherings require money to be executed well. Check for an emergency loan on HeroFinCorp that will help you with urgent cash loans to organise a memorable event.
   

 
Emergency Loan Application Process

  The HeroFinCorp emergency loan app is designed flexibly with user-friendly navigations to understand stepwise registration/loan application process:
 

1. Click ‘Install’ to initiate the app download from Google Play Store.
    
2. Once the download has completed, click ‘Open’ to start using the app on your phone.
    
3. Enable location settings to give HeroFinCorp access to find your location.
    
4. Next, enter your mobile number/email address to begin the application process. These details are verified with an OTP for user safety.
    
5. On verification, users will be redirected to the loan application form.
    
6. Fill in the mandatory fields and submit for further processing.
    
7. Use the EMI calculator to set a suitable EMI against the required loan amount.
    
8. Submit the necessary KYC documents and income proofs for verification.
    
9. If all the details submitted are 100% authentic, the loan amount will be disbursed within 24hours to the given bank account.

 

Emergency Loan Interest Rate

Interest rate insists on the borrower to think twice before opting for a loan. But what if the interest rate is less, applying for a loan becomes favourable. The starting rate of interest charged per month at HeroFinCorp is as low as 1.67% following by a minimum processing fee @2.5% + GST (as applicable). There are no hidden charges at any step.
 
Based on different cities, lender policies, and market rate, the rate of interest may vary. Also, your credit score is a deciding factor for interest rates. Borrowers with a good credit score can get a low rate of interest or negotiate on the existing interest rate offered.

 
FAQs

Q.1 What are Emergency Loans?
A: The emergency loan is a type of personal loan best for dealing with immediate expenses that are unavoidable and can pile up if not cleared on time.

Q.2 How does an emergency loan work?
A: An emergency loan works similar to personal loans. It offers immediate finance to clear urgent and unexpected expenses. The amount sanctioned is limited up to 1,50,000.
 
Q.3 How can I get an emergency loan in India?
A: Emergency loans in India are available easily on online platforms via lender websites and instant loan apps, available freely on Google Play Store.
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Q.4 How HeroFinCorp loan app Works?
A: The working of HeroFinCorp is self-explanatory, and each step is defined clearly:
 

1. Start with installing the HeroFinCorp app from Google Play store
    
2. Register with mobile number and email id
    
3. Enter current area pin code
    
4. Proceed to the EMI calculator and set the desired EMI, taking into consideration the principal loan amount and interest rate
    
5. Verify KYC details and bank account
    
6. On submission, the loan amount is disbursed instantly in the borrower’s bank account.