Hero FinCorp offers an exclusive pre-approved Loyalty Personal Loans to existing HFCL customers, subject to applicable eligibility criteria.
What Is a Loyalty Personal Loan?
Loyalty Personal Loan (LPL) is an unsecured personal loan facility offered to eligible existing customers of Hero FinCorp, based on applicable eligibility and credit assessment criteria. As the customer has an existing lending relationship with Hero FinCorp, the process is simple and fast. The loan proceeds may be used for lawful personal purposes, subject to the applicable terms and conditions of the loan.
Calculate Your Loan EMI
Plan your finances with ease using our EMI Calculator to determine a monthly payment structure that fits your needs.
Flexible Financing, For Your Needs.
Hero FinCorp Loyalty Personal Loans are designed to reward your timely repayments with quick, pre-approved access to funds when you need them most
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Personal Loan up to 5 Lakhs, available for customers of Hero Fincorp.
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Flexible tenures between 12 - 48 months & Competitive Interest Rates.
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Quick and Easy Process with No hidden charges.
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Pre-approved Personal Loan offer with easy EMI options
How to Apply for the Loyalty Personal Loan.
Eligible customers can apply in just a few digital steps.
Visit loyaltyloans.herofincorp.com or tap the LPL banner on your Hero FinCorp customer portal.
Log in using your registered mobile number and OTP.
Check your pre-approved Loyalty Loan offer and select the amount and tenure.
Complete digital KYC refresh, if required.
Provide bank account details for disbursal.
Digitally sign the eMandate and loan agreement.
Find Out
If You Are Eligible.
Applicable for existing customers of Hero Fincorp
Interest Rates and Charges.
Interest rates on the Loyalty Personal Loan are based on your repayment history, loan amount and tenure. Standard Hero FinCorp Personal Loan charges apply:
| Fee | Amount |
|---|---|
| Rate of Interest (Annualized ) | Min 10% & Max 30% |
| Processing fee | 1.5% of loan amount (inclusive of Applicable taxes) |
| Prepayment charges | Not applicable |
| Foreclosure charges | 5% + GST on outstanding principal |
| EMI bounce charges | Rs 350 per instance |
| Payment Default Penalty | 3% per month / 36% per annum on overdue EMI |
| Loan cancellation Charges | Processing fee + Applicable Taxes on Sanctioned Loan Amount and Interest from the date of actual Disbursement of Funds till Date of receipt of full payment by HFCL |
Disclaimer: The above rates are indicative and effective as of the latest Schedule of Charges published by Hero FinCorp. Actual rates may vary based on your credit profile, income, and other factors.
Tips to Preserve Your Loyalty Loan Eligibility.
- Pay every EMI on time: The clean track record is the anchor of the LPL offer.
- Avoid cheque or NACH bounces: Each bounce is recorded and can delay future loyalty offers.
- Avoid Over-Leveraging: Overleveraging can reduce your internal loyalty score
- Keep your KYC updated: An updated PAN, Aadhaar and mobile number speeds up Disbursal.
Blogs.
Frequently Asked Questions.
It is a pre-approved Personal Loan offered exclusively to Hero FinCorp's existing customers with a good repayment history.
You must be an existing Hero FinCorp customer who has successfully repaid your HFCL loan without any repayment issues. Your age must be between 21 and 65 years, depending on your employment category.
Log into Hero Fincorp Loyalty loans portal at www.loyaltyloans.herofincorp.com or the Hero Fincorp App using your registered mobile number . Your pre-approved offer if any appears on the dashboard.
Eligible customers can borrow up to Rs 5 Lakh, subject to the pre-approved offer on their profile.
The repayment tenure ranges from 12 to 48 months. You can pick the tenure that fits your budget.
Very little. Because you are an existing customer. No physical documents required, digikyc/ VKYC verification may be triggered during loan process journey.
Yes. The loan can be used for any legal purpose - medical bills, home renovation, travel, education, family functions etc.
LPL rates are competitive and tailored to your repayment profile with Hero FinCorp. Borrowers with a strong track record typically receive preferential pricing.