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Frequently Asked Questions (FAQs)

Personal loans are short-term unsecured loans that are disbursed quickly, to meet all your immediate /exigencies Requirement.
Hero FinCorp offers Personal Loans ranging from Rs 50,000 to Rs 5 Lakh, with the approved loan amount depending on your eligibility.
The eligibility criteria are pretty simple. You have to be 21-58 years of age, and have a valid Aadhaar and PAN card. For salaried persons, the minimum income required is Rs 15,000 and they should have been in current employment for at least 6 months. Self-employed individuals and professionals must have been operating in their current business for at least two years.
Personal loans are disbursed within a few minutes as soon as you submit all the required documents.
Valid PAN card and income proof are the KYC documents required.
Our evaluation process is very fast and we share status through SMS and Email. You can always contact our customer care team to check the status of your personal loan by quoting your Application No. or Mobile No. mentioned in the application.
There is no tax exemption on personal loans in India.
For closing/foreclosing your personal loan, contact us with all your documents like ID/address proof, EMI payment document etc. We will verify all your documents and issue a No Objection Certificate, stating that there is no outstanding balance that is pending. For any assistance, please contact our customer care team.
Some common reasons for personal loan rejection are a low credit score, incomplete details in the application form, job instability or too many existing loans. To avoid personal loan rejection, it is always advisable to discuss your case with the lender before applying for a loan.
Personal Loan tenures are flexible, with options available for up to 36 months, allowing you to choose a repayment period that suits your financial needs.