Calculate Your Personal Loan EMI
Jewellery on EMI allows you to purchase ornaments by using a personal loan and repay the cost later in fixed monthly instalments. you can finance the purchase from hero fincorp personal loan and repay in the tenure you choose. This is a common way of purchasing gold jewellery on instalments and makes it easier without paying a large upfront amount.
Jewellery EMIs with Hero FinCorp make financing easy and hassle-free.
Let’s look at the main jewellery on EMI benefits:
Here’s a look at the jewellery EMI plans India for various tenures:
| Loan Amount (Rs) | Tenure (Months) | Interest Rate (p.a.) | Monthly EMI (Rs) | Total Interest (Rs) | Total Amount Payable (Rs) |
|---|---|---|---|---|---|
| 1,00,000 | 12 | 19% | 5,805 | 10,298 | 1,10,298 |
| 1,00,000 | 18 | 19% | 6,088 | 15,699 | 1,15,699 |
| 1,00,000 | 24 | 19% | 6,378 | 21,185 | 1,21,185 |
| 1,00,000 | 30 | 19% | 6,676 | 26,845 | 1,26,845 |
| 1,00,000 | 36 | 19% | 6,981 | 32,646 | 1,32,646 |
Use a personal loan EMI calculator tool to calculate your instalment amount for various loan amounts, interest rates, and repayment terms.
Any salaried or self-employed individual is eligible to apply for personal loan to purchase jewellery on EMI. To make the purchase, you simply need to satisfy the following eligibility criteria:
| Eligibility Criteria | Details |
|---|---|
| Age | 21 to 58 Years |
| Citizenship/Residential Status | Indian citizen only |
| Type of Employment | Salaried and Self-employed |
| Minimum Monthly Salary | Rs 15,000 |
| Minimum Work Experience | 6 months (Salaried), 2 years (Self-employed) |
Hero FinCorp evaluates income stability and credit history before approving a personal loan. Applicants should provide sufficient documents to expedite the KYC and approval process. The documentation requirements for personal loan include the following:
Using a personal loan Interest rates and charges for purchasing jewellery on EMI include the following:
| Charge | Details |
|---|---|
| Interest Rate | Starting at 19% p.a. |
| Loan Processing Charges | Minimum 2.5% + GST |
| Prepayment Charges | N.A. |
| Foreclosure Charges | 5% + GST |
| EMI Bounce Charges | ₹350 |
| Interest on Overdue EMIs | 1–2% of the loan/EMI overdue amount per month |
| Cheque Bounce | Fixed nominal penalty |
| Loan Cancellation | - No cancellation fee for online loan application - Interest paid is non-refundable - Processing charges are non-refundable |
Jewellery on EMI lets you buy various types of pieces by paying in monthly instalments. Once you receive your loan amount, you can shop for gold jewellery on EMI or diamond jewellery on EMI without paying its cost upfront. Popular categories of jewellery you can buy on EMI include:
Select a karat and design based on your purity preference and budget, and opt for premium choices by spreading the cost into EMIs.
Follow this stepwise process to apply for a Personal Loan to buy jewellery on EMI.
Go to Hero FinCorp's website or download the personal loan app
Head to the personal loan page and select 'apply now'
Enter your mobile number and verify it with the OTP you receive
Select the loan amount you want to borrow
Verify your KYC details to check the income eligibility
Click 'Submit' to and wait for approval
