Personal Loan EMI Calculator
Are you looking for ways to spruce up your home without disrupting your budget? With a Personal Loan from Hero FinCorp, you can buy the latest furniture on EMI without a credit card. The instant Personal Loan offers easily accessible funds of up to Rs 5 Lakh to pay for your favourite sofa, bed, storage cabinet, shoe rack, or bookshelf. Once you bring the furniture home, repay the loan at your convenience in easy EMIs. Another advantage is that you don't need to pledge any asset as collateral to secure the loan.
In short, a Personal Loan from Hero FinCorp helps purchase furniture on EMI without any down payment or end-use restrictions. You can repay the actual price of your purchase later in installments that are suitable to your budget.
While you can buy furniture on EMI with a credit card, purchasing with a Personal Loan offers multi-faceted benefits, including the following:
Borrowing a personal loan for furniture makes expensive purchases affordable through manageable EMIs.
Personal loan interest rates are lower than credit cards, making furniture purchases more affordable on EMI.
Hero FinCorp's collateral-free personal loans let you buy furniture without needing assets or guarantors.
Personal Loan EMI calculator helps you choose a suitable loan tenure, ensuring affordable monthly instalments.
100% digital loan procedures enable quick approvals, allowing you to purchase furniture during sales or discounts.
Hero FinCorp offers personal loan for furniture with minimal documentation - just proof of identity, address, and income.
You must meet the following eligibility criteria for Personal Loan to buy furniture on EMI. These are simple conditions that almost everyone can easily fulfil and get the required funding without hassle.
| Criteria | Requirement |
|---|---|
| Age | 21 to 58 years of age |
| Citizenship | Indian citizenship |
| Work Experience | Six months for salaried; two years for self-employed |
| Monthly Income | Minimum Rs. 15,000 per month |
Documentation requirements for Hero FinCorp Personal Loans are minimal and straightforward. You can obtain a personal loan for furniture online by uploading soft copies of your identity, income, and address proof, such as an Aadhaar card, PAN card, voter ID card, bank statement, ITR, salary slips, utility bills, driving license, etc.
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
A Personal Loan allows you to buy furniture on EMI without a credit card and without hefty interest charges. The interest rate on personal loan for furniture is much lower than that of credit cards. At Hero FinCorp, the Personal Loan interest rate is up to 30% per annum.
A competitive interest rate eventually translates into a smaller loan cost and easier installment repayment. To get the lowest interest rate on a personal loan furniture online, maintain a decent credit score, pay off outstanding balances, mention all income sources, and retain job stability.
Applying for a Personal Loan at Hero FinCorp is a simple 5-step process you can complete online. Follow these 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
