Calculate Your Personal Loan EMI
Using a Personal Loan from Hero FinCorp, you can purchase certified jewellery or gold coins on EMI and repay their cost in fixed monthly amounts instead of making a lump sum payment. EMI divides the costs into affordable instalments, generally at attractive interest rates and helps you manage your cashflow while purchasing gold at the same time.
You can avail of these advantages by purchasing gold coins on EMI through a Personal Loan:
The main advantage of buying gold coins on EMI is that you can spread a large expense into easy monthly payments.
The cost is spread over your chosen duration so you can get the coins you want with the gold purity you require without making the total payment upfront.
EMI is fixed and predictable, which allows better planning for both your expenditure and your savings.
You can gain access to buying higher karat gold coins or gold jewellery via instalments.
When you buy a gold coin, you pay today's price upon purchase. During your tenure, you never need to pay more than the price agreed during your purchase irrespective of whether the price for gold increases.
Choose desired weights and finishes without compromise.
Apply, verify KYC (Know Your Customer) details, and track repayments, all digitally, for a seamless EMI experience.
Hero FinCorp EMI plans to purchase gold coins to make gold purchases more affordable by splitting their cost into easy instalments. With multiple gold coins EMI options available through various tenures, you can use a personal loan EMI calculator to choose a plan that suits your budget and repayment capacity. Here’s a look at the gold coins 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 |
Anyone fulfilling the basic eligibility conditions is entitled to apply for gold coins on EMI, which includes the following at Hero FinCorp:
| Eligibility Criteria | Details |
|---|---|
| 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 |
Hero FinCorp requires KYC and income documentation to determine your repayment capability. In general, the stronger your income and credit history, the better is the chance of obtaining approval, with a bigger loan amount with lower interest.
Any salaried or self-employed person interested in purchasing gold coins on EMI can apply for a Loan at Hero FinCorp if they meet the personal loan eligibility criteria . Now you can go with a 100% digital process just take the below documents to get instant verification.
At Hero FinCorp, the personal loan interest rates are competitive and other charges are minimal. Check out the details.
| Charges | 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 | Rs 350 |
| Interest on Overdue EMIs | 1–2% of the loan/EMI overdue amount per month |
| Cheque Bounce | Fixed nominal penalty |
| Loan Cancellation | Online loan application does not charge any cancellation fees Interest amount paid is non-refundable Processing charges are also non-refundable |
Getting a loan for gold coins India is extremely easy and accessible through Hero FinCorp. The key differentiators in financing gold coins via Hero FinCorp are fast approvals, minimal documentation, competitive interest rates, and flexible repayment tenure through a paperless online process. Dedicated customer support and clear terms will allow you to lock today's gold price and spread payments, all without a compromise on design and purity.
Here’s how to apply for a Personal Loan to purchase gold coins on EMI from Hero FinCorp.
Open the Hero FinCorp website/personal loan app
Go to the personal loan page and click on the 'apply now’ button
Enter your mobile number & authenticate your mobile number with the OTP
Choose the loan amount
Validate the KYC details to check for income eligibility
Just click on ‘Submit’ to complete your loan application
