Calculate Personal Loan EMI
Get an instant Personal Loan from Hero FinCorp for a monthly salary of Rs 21,000 or more. Our personal loan EMI calculator helps you plan your monthly payments, and our flexible repayment tenure allows you to select a tenure of 12-36 months. Our Personal Loan for Rs 21,000 salary comes with attractive interest rates and requires no collateral. To be eligible, you must be at least 21 years old, have a minimum of six months of continuous employment, and provide specific documentation.
Before you apply for a personal loan, it is important to know your monthly instalments. This will help you plan your monthly budget. You can use the personal loan emi calculator on our website to calculate your monthly instalment instantly. It is a free-to-use online tool that requires the loan amount, interest rate, and repayment tenure to calculate your EMIs. The below table shows the EMIs of Rs 1 Lakh loan for different tenures, assuming an interest rate of 19% per annum.
| Loan Amount (Rs) | Tenure (in Months) | Interest Rate* (per annum) | Monthly EMI (Rs) | Total Interest (Rs) | Total Amount Payable (Rs) |
|---|---|---|---|---|---|
| 1,00,000 | 12 | 19% | 9,216 | 10,588 | 1,10,588 |
| 1,00,000 | 18 | 19% | 6,428 | 15,710 | 1,15,710 |
| 1,00,000 | 24 | 19% | 5,041 | 20,981 | 1,20,981 |
| 1,00,000 | 30 | 19% | 4,213 | 26,398 | 1,26,398 |
| 1,00,000 | 36 | 19% | 3,666 | 31,962 | 1,31,962 |
Disclaimer: These EMI amounts are approximate and may vary based on the lender's terms and conditions. For a Rs 1 Lakh loan, the EMIs depend on the tenure and interest rate. Shorter tenures mean higher EMIs with less total interest, while longer tenures mean lower EMIs but higher total interest
Hero FinCorp offers loans based on your financial situation. We can provide instant loan to you if you earn a monthly salary of 21,000.
Get a Personal Loan up to Rs 5 lakh with a Rs 21,000 salary. Approval depends on income, credit score, and employment history.
Hero FinCorp offers Personal Loans with competitive interest rates starting from 1.58% per month on a Rs 21,000 salary.
Get hassle-free Personal Loans for 21,000 salary without collateral, security deposits, or guarantors.
Enjoy flexible repayment tenures up to 36 months, regardless of income. Use our EMI calculator to plan a budget-friendly option.
Our online loan process is quick and paperless. You can apply, get approved, and receive funds instantly without visiting a branch
Before you apply for a Personal Loan with a salary of Rs 21,000, you must check the eligibility requirements. At Hero FinCorp, the Personal Loan Eligibility Criteria are simple and easy to meet. Here are the details:
| Criteria | Requirement |
|---|---|
| Age | You should be between 21 and 58 years. |
| Citizenship | You must be an Indian citizen. |
| Work Experience | Six months for salaried applicants and 2 years for self-employed applicants. |
| Monthly Income | Your monthly income should be at least Rs 15,000. |
At Hero FinCorp, documentation is an important part of the loan application process. So, it is important to check the required personal loan documents in advance to ensure a smooth and hassle-free application process. Here is the list of documents required for a personal loan with a 21k salary:
Driving licence, passport, PAN card, or Aadhaar card
Driving licence, passport, Aadhaar card, ration card, or utility bill
Residence ownership proof like electricity bills or property documents
Last six months' salary slips, previous six months' salary account statement, Form 16, and job continuity proof.
If you are ready to apply for an instant personal loan, it’s important to know the related costs, like the interest rate and processing fees. At Hero FinCorp, the interest rates on personal loans are competitive, and other charges are nominal. Here are the details.
| 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 |
You can apply for a Personal Loan online or at your nearest Hero FinCorp branch. If you need funds instantly without visiting the branch or submitting copies of the documents, consider applying online. Here is the stepwise process.
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
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*EMI Payment: Refer to our T&Cs here*
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