Personal Loan EMI Calculator
When summers become unbearable, a good-quality air cooler offers a cost-effective solution to stay cool and beat the heat. Unlike power-guzzling air conditioners, they efficiently cool spaces without too much electricity. Another advantage of purchasing a modern-age cooler is that it looks stylish and requires minimal maintenance.
If you plan to buy a cooler on EMI, finance the purchase with a Personal Loan from Hero FinCorp and divide its cost into manageable installments! The cost of expensive air coolers from brands like Symphony and Shilpa is significantly high. You don't need to pay the price from your savings or use your credit card to purchase your favourite model. Hero FinCorp provides a loan on the cooler to cover the cost of its purchase and installation.
Opting for an EMI plan allows you to enjoy immediate relief without straining your budget. Spread the cost over manageable monthly instalments, making it affordable for everyone. Plus, with easy financing options, you can choose the cooler that best suits your needs, whether it's a portable option for your bedroom or a powerful unit for your living room. Don't let the upfront cost deter you from staying cool and comfortable all summer. Invest in a cooler on EMI and beat the heat without breaking the bank.
A Personal Loan from Hero FinCorp lets you buy a cooler on EMI without a credit card. So, if you don't have a credit card or want a lower interest rate option to purchase the cooler, buying a cooler on loan will offer:
A personal loan for a cooler lets you split costs into easy EMIs for stress-free payments.
A loan on a cooler offers lower interest rates than credit cards, especially with a good credit score.
You can buy a cooler on EMI with a personal loan, no collateral or guarantor needed.
Hero FinCorp offers up to 36 months tenure; use an EMI calculator for affordable payments.
Get instant approval for a loan up to Rs. 5 lakhs through the app for urgent purchases.
Borrowing a Personal Loan at Hero FinCorp is simple with minimal, 100% digital documentation.
Have you made up your mind to buy a cooler on EMI? If yes, then you must fulfil a few eligibility conditions to qualify. At Hero FinCorp, you only have to look for:
21 to 58 years of age
Indian citizenship
Six months for salaried; two years for self-employed
Minimum Rs. 15,000 per month
Regarding documentation, an online Hero FinCorp personal loan for cooler only requires proof of your identity, residence, and income. Moreover, you don't need to visit a branch office to submit the documentation. You can upload scanned copies of the personal loan required documents online through the Hero FinCorp website or loan app and complete the application process without hassle.
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
When considering purchasing a cooler through EMI, it's natural to consider the interest rate. Don't worry - it's usually lower than credit card rates. Hero FinCorp's Personal Loan interest rates go up to 19% per annum. Plus, your rate decreases with higher eligibility and credibility, ensuring minimal impact on your cooler's cost when bought through EMI.
If you wish to borrow a personal loan for cooler online from Hero FinCorp, these are the simple steps to apply:
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
Some advantages of buying on EMI include the following: