Education Loan
A personal loan for education covers tuition fees, books, and study-related expenses.
Personal Loan
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.
Quick Disbursal in Bank Account
Minimum Salary Required Rs 15K
Instant Loan Approval in 10 Minutes
Calculate Personal Loan EMI
Get Instant Personal Loan Online in 10 Minutes
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 19% p.a.
Processing Fees: Minimum 2.5% of the loan amount
Features and Benefits of Our Personal Loan
Flexible Loan Amounts between Rs 50,000 to 5 Lakh
No Collateral Requirement
Instant Loan Approval in 10 Minutes
Quick Loan Disbursal in Your Bank Account
Flexible Repayment Tenures from 12 to 36 Months
Competitive Interest Rate Starting from 19% p.a.
Paperless Application Process
Processing Fees are between 2.5% and 3.5%
Personal Loan EMI Calculator
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.
Personal Loan Eligibility Criteria
Before starting the personal loan application process, confirm that you meet the eligibility criteria for personal loan to ensure a higher chance of approval. At Hero FinCorp, the requirements are simple to meet.| 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. |
List of Documents Needed for a Personal Loan
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.
- Pan Card
- Aadhar Card
Types of Personal Loan
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.
Medical Emergency Loan
A loan for medical emergencies covers quick funds for sudden medical or hospital costs.
Travel Loan
A personal loan for travel to cover vacations, including flights, hotels, and activities.
Home Renovation Loan
A personal loan for home expenses supports home repairs, redesign, or upgrades.
Marriage Loan
A personal loan for a wedding covers expenses like venue, catering, and decor.
Consumer Durable Loan
A personal loan for consumer durable allows you to buy appliances, gadgets, or furniture with easy EMIs.
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Frequently Asked Questions
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.
A Rs 15,000 monthly income is required for a personal loan application. The sanction of an personal loan also depends on your credit rating, documents, and job stability.
To avail a Rs 2 Lakh instant Personal Loan, your minimum salary should be Rs 15,000, along with a secure job and proper documentation.
You can use the online personal finance calculator by filling in the loan amount, tenure, and interest rate to obtain instant and precise EMI details.
Hero FinCorp offers 10-minute instant personal loan approval with quick disbursal if you are eligible and apply online.
No, you cannot get an online personal loan without income proof. If you do not have conventional income proofs such as salary slips, you can provide alternate income proofs such as bank statements or Income Tax Returns. You can also add a co-applicant to your application.
A higher score improves your overall eligibility. You should have a required CIBIL score of 750 or more for quick approval and favourable interest rates.
Yes, certain pre-approved customers can obtain a personal loan without a CIBIL score, based on income, employment profile, and history of repayment.
To take a personal finance, you require KYC details (PAN card, Aadhaar card) and proof of income such as salary slips or ITR, based on your type of employment.
Yes, you can reduce your Personal Loan term by paying higher EMI or prepaying to reduce the interest burden and repay the loan sooner.
Hero FinCorp provides flexible Personal Loan tenures between 12 months to 36 months. You can select a repayment term that is comfortable for your finances.
Yes, you can apply for a personal loan after improving your credit score, updating documents, or resolving the reasons for rejection.
Rejection of a loan can occur due to poor credit score, insecure job, having several loans, or insufficient documents. Ensure you meet the eligibility criteria before applying.
You can take a personal loan of Rs 50,000 to 5 Lakh at Hero FinCorp, based on your salary, credit score, and paperwork.
Yes, you can foreclose or pre-close your Personal Loan by paying the outstanding sum and seeking a No Objection Certificate from the lender.
No, there is no tax exemption on Personal Loans, whether used for a specific purpose or not.
At Hero FinCorp, you can track your personal loan status online through the website, app, customer care, or by visiting the branch. Keep your application number or registered contact details handy for verification.
Disclaimer
*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.