High Loan Amount
For salaried individuals earning Rs 15,000 monthly, our personal loan offers up to Rs 5,00,000, helping you meet your financial goals effortlessly.
Need a quick financial boost for an unexpected expense or a big dream? Hero FinCorp offers hassle-free Personal Loans for those with a Rs 15,000 salary. So, if your salary is Rs 15,000 per month, you can get an instant loan of Rs 5 Lakh. Embark on your financial journey with Hero FinCorp's Instant Personal Loan. Experience instant loan processing, minimum documentation, and quick disbursal to meet your diverse financial needs.
Taking a loan of Rs 50,000 at a 19%* per annum interest rate might make you think about what your actual EMI would be. Well, with a personal loan emi calculator, you will get an idea of what your repayments would look like. For instance, a shorter tenure of 12 months leads to a higher EMI of Rs 4,608, while a longer tenure of 36 months brings down the EMI to Rs 1,833. This makes choosing the suitable tenure crucial for balancing affordability and repayment speed. Here's a detailed view:
Loan Amount (Rs) | Tenure (in Months) | Interest Rate* (per annum) | Monthly EMI (Rs) | Total Interest (Rs) | Total Amount Payable (Rs) |
---|---|---|---|---|---|
50,000 | 12 | 19% | 4,608 | 5,294 | 55,294 |
50,000 | 18 | 19% | 3,214 | 7,855 | 57,855 |
50,000 | 24 | 19% | 2,520 | 10,490 | 60,490 |
50,000 | 30 | 19% | 2,107 | 13,199 | 63,199 |
50,000 | 36 | 19% | 1,833 | 15,981 | 65,981 |
The Rs 15K criteria for our salaried applicants come with various features and benefits. This includes a high loan amount (up to Rs 5 Lakh), flexible repayment tenures (12-36 months), and more:
Our Personal Loan is designed to meet the financial needs of Rs 15,000 salaried individuals. To be eligible for the loan, you need to meet certain criteria. Here are the eligibility criteria for our personal loan:
At Hero FinCorp, we offer a personal loan for salaried individuals with a monthly income of Rs 15k. To apply for the loan, you need to submit certain documents. We have different documentation requirements for salaried and self-employed individuals. Here is an overview of the documents required for a personal loan:
We offer competitive personal loan interest rates starting from 1.58% per month, making our loan more manageable and accessible. The processing fee ranges between 2.5% and 3.5%, depending on the loan amount and repayment tenure. While there are no prepayment charges, a foreclosure charge of 5% + GST applies. Additionally, our EMI bounce charges are Rs 350/- per instance.
Fees & Charges | Amount Chargeable |
---|---|
Interest Rate | Starting from 1.58% per month |
Loan Processing Charges | Minimum 2.5%+ GST |
Prepayment Charges | N.A. |
Foreclosure Charges | 5% + GST |
EMI Bounce Charges | Rs 350/- |
Interest on Overdue EMIs | 1-2% of the loan/EMI Overdue Amount Per Month |
Cheque Bounce | Fixed Nominal Penalty |
Loan Cancellation | 1. Online loan app does not charge any cancellation charges |
2. Interest amount paid is non-refundable | |
3. Processing charges are also non-refundable |
Applying for a Personal Loan with us is simple and hassle-free. Here are the steps to apply for our instant loan online.
Visit the Hero FinCorp website or install the personal loan app
Go to the personal loan page and click ‘apply now’
Enter your mobile number and verify with the OTP received
Choose the loan amount you need
Verify your KYC details to check income eligibility
Click ‘Submit’ to complete your application
Depending on your credit score, DTI and age, you can avail a personal loan of Rs 5 Lakh from Hero FinCorp.