A Personal Loan is an unsecured loan for salaried and self-employed individuals to meet their financial needs. Hero FinCorp, an RBI-licensed NBFC, ensures a safe, secure, and 100% digital loan journey.
Calculate Personal Loan EMI
A personal loan helps you manage unexpected expenses such as medical bills, weddings, travel, new gadgets or home renovation. With Hero FinCorp, you can apply for a hassle-free instant personal loan with low interest rates, flexible repayment options, and no collateral requirement. The whole process is 100% digital and paperless, with approval in just 10 minutes so you get the funds when you need it most.
Key Personal Loan Details:
Max Loan Amount: Rs 5 Lakh
Max Loan Tenure: Up to 36 Months
Interest Rate: Starting from 1.58% per month
Processing Fees: Minimum 2.5% of the loan amount
If you are planning to apply for an instant loan, use our loan emi calculator to calculate your monthly installment. You only need to enter your loan amount, interest rate and repayment tenure and it will show the EMI amount immediately on the screen.
Let us understand using an example. Suppose 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 apply for an instant loan from Hero FinCorp, you require minimal documentation. Just make sure you have the following loan documents ready for both salaried and self-employed individuals.
Hero FinCorp offers online personal loans to take care of all kinds of financial needs. With flexible loan amounts, quick approvals, competitive interest rates, and a fully paperless process, getting funds is simple and convenient.
A personal loan for education covers tuition fees, books, and study-related expenses.
A loan for medical emergencies covers quick funds for sudden medical or hospital costs.
A personal loan for travel to cover vacations, including flights, hotels, and activities.
A personal loan for home expenses supports home repairs, redesign, or upgrades.
A personal loan for a wedding covers expenses like venue, catering, and decor.
A personal loan for consumer durable allows you to buy appliances, gadgets, or furniture with easy EMIs.
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.
Yes, certain pre-approved customers can obtain a personal loan without a CIBIL score, based on income, employment profile, and history of repayment.
*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.
