Minimal documentation
You just need your KYC and income proof
Buy Washing Machine on EMI
Loan Amount Up to Rs 5 Lakh
Instant Approval in 10 Minutes
Loan Tenure 12-36 Months
Calculate Personal Loan EMI
Buy a Washing Machines on EMI
You can now buy a washing machine on EMI using an instant Personal Loan. Just apply on the Hero FinCorp website or loan app and get approval within 10 minutes!
Why Choose Personal Loan to Buy Washing Machines on EMI in India?
Buying a washing machine on EMI makes it affordable and convenient.
- Spread the cost into manageable monthly instalments
- Free up cash flow with no upfront payment
- Improve affordability and better budgeting
- Get access to premium models with advanced features and warranties
- Use a Personal Loan from Hero FinCorp to buy without touching savings or emergency funds
Benefits of Personal Loan to Buy a Washing Machine on EMI
Washing machine EMI benefits include the following:
Flexible tenures
You can choose from 12 to 36 months’ repayment period
No collateral
You do not need to provide any security or collateral
Fast approval
You can get approval within 10 minutes when you apply online
No hidden costs
There are no additional costs included in the process
Digital application
You can apply on the Hero FinCorp website or the loan app
Calculate Personal Loan EMI to Buy Washing Machine on EMI
In India, use the EMI calculator for washing machine instalments’ calculation online. All you need to do is enter the loan amount, interest, and tenure to view your EMI. The personal loan EMI calculator will enable you to check the different plans available and choose the repayment schedule that best suits your budget.
| 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 |
Personal Loan Eligibility Criteria to Buy Washing Machine on EMI
You can take a personal loan for Hero FinCorp anywhere in India for washing machines on EMI. Eligibility criteria for loan include:
| Eligibility Criteria | Requirement |
|---|---|
| Age | 21 to 58 Years |
| Citizenship/Residential Status | Indian Citizen Only |
| Type of Employment | Salaried & Self-Employed |
| Minimum Monthly Salary | Rs 15,000 |
| Minimum Work Experience | Salaried: 6 Months | Self-Employed: 2 Years |
Required Documents for Personal Loan to Purchase Washing Machine on EMI
Both salaried and self-employed individuals in India can apply for a personal loan at Hero FinCorp. The documents required for personal loan include. You just need to handy the below documents for instant verification.
- PAN Card
- Aadhaar Card
Loan Interest Rates & Charges for Washing Machine on EMI
Hero FinCorp is completely transparent about its personal loan interest rates and additional charges. The EMI loan charges include the following:
| Charges | Details |
|---|---|
| Interest Rate | Starting from 1.58% per month |
| Loan Processing Fees (Non-Refundable) | Minimum 2.5% + GST Will be deducted from the loan amount at the time of disbursal. |
| Stamp Duty Charges | As per the respective State’s Stamp Act |
| EMI Bounce Charges | Rs 350 per instance (Inclusive of applicable taxes) |
| Foreclosure Charges | 5% + GST |
| Prepayment Charges | Not Applicable |
| Interest on Overdue EMIs | 1-2% of the loan/EMI Overdue Amount Per Month |
| Cheque Bounce | Fixed Nominal Penalty |
| Loan Cancellation Charges | Our online loan app does not charge any cancellation charges Interest amount paid is non-refundable Processing charges are also non-refundable |
How to Apply for a Personal Loan to Buy a Washing Machine on EMI?
Here is a complete step-by-step guide to applying for a washing machine EMI loan from Hero FinCorp:
Online Process
- 1
Visit the Hero Fincorp website or download the Hero Fincor personal loan app.
- 2
Go to the ‘personal loan’ section and click 'apply now’.
- 3
Type in your mobile number and authenticate with the OTP sent to you.
- 4
Choose your loan amount and loan term according to your requirements.
- 5
Proceed to KYC verification to verify your income eligibility.
- 6
Click 'Submit' and wait for approval.
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Frequently Asked Questions
Yes, Hero FinCorp will allow you to buy a washing machine on EMI without a credit card, through Personal Loans based on KYC and income proof.
Hero FinCorp loan offers flexible tenures. You can choose from 12 to 36 months of tenure according to your affordability and budget.
No hidden charges apply. Hero FinCorp maintains transparency by clearly disclosing the related costs, including processing fees, upfront.
Once your application is submitted, you will usually get approval within 10 minutes, depending on both your eligibility and the accuracy of your documentation, from Hero FinCorp.
Yes, prepayment or foreclosure is allowed. This reduces interest burden and makes you debt-free sooner. However, check the foreclosure charges before prepaying.
A down payment is not always mandatory. Hero FinCorp Personal Loan allows you to purchase your favourite washing machine without making any down payment.