Apply for an Instant Personal Loan up to Rs 5 Lakh - Your safe, secure & 100% digital journey
Calculate Personal Loan EMI
Looking for quick funds to make your dreams come true? Apply for an Instant Personal Loan online today from Hero FinCorp and open up a world of opportunities - whether it is a new gadget, vacation, medical emergency, wedding expenses or home renovation. With simple paperless application and a quick disbursal process, accessing quick funds has never been easier!
Enjoy the convenience of borrowing up to Rs 5 Lakh with Hero FinCorp Personal Loan. Take advantage of attractive interest rates, flexible repayment tenures of up to 36 months, and no collateral - all this with minimal documentation. Get instant loan sanction online through Hero FinCorp website or loan app.
Borrow Up to Rs 5 Lakh
Choose up to 36 Months
Starting from 1.58% per month
Minimum 2.5% of the loan amount
Here are the main features and benefits of applying for a personal loan online.
Avail loans between Rs 50,000 to 5 Lakh for multiple purposes like medical treatment, home improvement, or a holiday of your dreams.
You can avail a Personal Loan without any collateral, guarantor or security.
Get approval for your loan in 10 minutes when you apply online on the Hero FinCorp website or loan application.
Receive loan disbursal directly in your bank account, ensuring timely money when you need it.
Select a repayment term, from 12 to 36 months, according to your budget and financial needs.
You can avail competitive interest rates from 1.58% per month, making the cost of the loan affordable.
When you apply online, you don't have to submit any physical documents. This saves your time and effort.
Our fees for processing are between 2.5% and 3.5%, offering low-cost access to money with little cost upfront.
Personal Loans can be utilised for many different purposes. Below are a few success stories of Instant Personal Loans use cases.
Rahul Kumar in Delhi required quick funds for a medical crisis. He took a personal loan of Rs 3,00,000 and paid it through EMIs of Rs 10,997 over 36 months. The interest paid was Rs 95,892. Quick disbursal of loan helped him cope with hospital bills without any delay.
Manish Mehra of Mumbai minimised the expense burden of his wedding by taking a personal loan of Rs 2,00,000. Having a 24-month repayment term, he paid an EMI of Rs 10,082, and the total interest paid was Rs 41,968. This helped him enjoy his wedding stress-free.
Sameer Sirohi in Jaipur availed a personal loan of Rs 1,00,000 to redo his house. He opted for a 12-month repayment period with an EMI of Rs 9,216. The entire interest paid was Rs 10,592, making it a convenient option to enhance his living space.
Vijay Deol from Chandigarh wanted Rs 3 Lakh for a trip to Dubai. He applied for a personal loan for travel and paid it back with EMIs of Rs 10,997 each month for a period of 36 months. He was able to cover airfare, travel tickets, and anything else that came up on his trip.
Sameer Sen in Kolkata reduced the financial stress of his son’s higher education by availing a personal loan for education. He took Rs 2,00,000 for a 24-month tenure at 19% per annum. He paid an EMI of Rs 10,082. The loan helped him pay for tuition fees, books and other expenses.
Pammi Ahuja, a woman entrepreneur, needed urgent funds for business expansion. She borrowed a personal loan for women of Rs 5 Lakh for a three-year tenure at 19% per annum. She paid monthly instalments of Rs 18,328. The loan helped her open a new retail store.
Kartik Kumar aimed to restore his home. He availed a personal loan for salaried employees for Rs 2.5 Lakh at a rate of 19% per annum for 2 years. He paid back the loan in 24 monthly instalments of Rs 12,602. The loan helped him to cover labour, materials and transport.
Before applying for an instant loan, use our Personal Loan EMI Calculator to calculate your monthly instalment. You just need to enter your Personal Loan amount, interest rate and repayment tenure in the calculator and it will show the EMI amount instantly on the screen.
Let us understand by an example: If you take an instant Personal Loan of Rs 50,000 at an interest rate of 19% per annum for a tenure of 12 months, your EMI amount will be Rs 4,608. The total interest payable will be Rs 5,296.
| Eligibility Criteria | Details |
|---|---|
| Age | You should be 21-58 years old. |
| Citizenship | To obtain a loan at Hero FinCorp, you must be an Indian citizen. |
| Work Experience | Self-employed individuals should have a work experience of at least 2 years in their line of business, whereas salaried individuals should have a work experience of minimum 6 months in their current job. |
| Monthly Income | You must have at least a monthly income of Rs 15,000. |
To take an instant loan from Hero FinCorp instantly, you require minimal documentation. The documentation may vary for salaried and self-employed segments, so ensure you have the correct ones in hand. Following is the list of documents required to apply for a personal loan.
Driver's Licence, Passport, PAN Card, Aadhaar card
Filled Loan Application Form, Passport Size Coloured Photograph
Six Month Salary Slip & Bank Account Statement, Form 16
Appointment Letter From the Current Employer
Driver Licence, Passport, Aadhaar Card, Utility Bill
Driver's Licence, Passport, PAN Card, Aadhaar card
Filled Loan Application Form, Passport Size Coloured Photograph
Last Six Months Bank Statement, ITR for the Last Two Consecutive Years
Maintenance Bill, Utility Bill, Property Documents, Rent Agreement
Copy of Tax Registration, Shop Establishment Proof, Company’s Registration Certificate
Before applying for an instant Personal Loan, you should know several terminologies that will help you manage your loan better.
A Personal Loan is an unsecured loan offered to salaried and self-employed individuals for different purposes. It's approved instantly and disbursed quickly with minimal paperwork and without security.
You can avail an instant Personal Loan of Rs 5 Lakh online from the Hero FinCorp website or loan app. Simply fulfill the eligibility and submit necessary documents.
You can take an instant Personal Loan of Rs 50,000 to 5 Lakh at Hero FinCorp, based on your salary, credit score, and paperwork.
*Approval & Agreement: Loan approval is at Hero FinCorp's discretion. By applying, you agree to our Terms & Conditions, Privacy Policy, and Loan Agreement.
*Data Use: You consent to electronic processes and data use for loan assessment, as per our Privacy Policy.
*Security: Keep your account and device secure. Report our customer care for unauthorized activity immediately.
*Grievances: For concerns, refer to our Grievance Redressal Policy.
*EMI Payment: Refer to our T&Cs here*
*RBI Mandate: RBI requires transparent disclosures. Learn more from RBI.
