Hero Group Legacy Behind You
Hero FinCorp is backed by the Hero Group and offers regulated lending support for Indian families planning education expenses.
Get the funds you need for your education: Fast, simple, and fully online with Hero FinCorp.
A personal loan for education can be used for costs linked to your course, without giving property, gold, fixed deposits, or other assets as security. You can use the amount for tuition fees, coaching classes, certificate courses, travel, or living costs during the course.
For eligible profiles, online approval may be completed within 10 minutes after the required checks are done. The form is filled online, so the first step does not need a branch visit or physical documents.
Parents, guardians, salaried applicants, self-employed applicants, and working professionals can use it to fund their own education or a dependent’s course fees.
To get the best personal loan, check the amount, tenure, charges, eligibility, and repayment comfort before you apply.

Enter your mobile number and verify it through OTP.
Use PAN and Aadhaar details for digital KYC verification.
Select the EMI plan and repayment tenure shown to you.
Review the loan terms carefully and e-sign the agreement.
After approval, funds are sent to your registered bank account.
| Criteria | Requirement |
| Age | 21 to 58 years |
| Employment | Salaried or self-employed |
| Monthly Income | Minimum ₹15,000 net monthly income |
| CIBIL Score | 725+ preferred |
| Residence | Minimum 1 year at the current address |
| Existing Loans | No fixed restriction; subject to credit assessment |
Tip: You can check your eligibility instantly using the Personal Loan Eligibility Calculator on the website before applying.
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The documents required for personal loan for education are simple in the digital journey.
You NEED:
Self-employed applicants may also need to provide:
Hero FinCorp may verify income, bank data, and KYC details through digital consent or Account Aggregator-supported checks.
| Fee | Amount |
| Interest Rate | Starting from 18% p.a. |
| Processing Fee | Minimum 2.5% + GST |
| Prepayment Charges | Not applicable |
| Foreclosure Charges | 5% + GST on the outstanding principal |
| EMI Bounce Charges | ₹350 per instance |
| Overdue Interest | 1–2% of the overdue amount per month |
| Loan Cancellation | No app cancellation fee; interest and processing fee are non-refundable |
Disclaimer: Rates and charges are indicative. The final offer depends on Hero FinCorp’s credit assessment and the latest loan agreement.
Use the EMI table only as an estimate. Your actual EMI can change based on the approved interest rate, loan amount, tenure, charges, and repayment date.
| Loan Amount (₹) | Tenure (Months) | Interest Rate (p.a.) | Monthly EMI (₹) | Total Interest (₹) | Total Amount Payable (₹) |
| 50,000 | 12 | 18% | 4,584 | 5,008 | 55,008 |
| 1,00,000 | 24 | 18% | 4,992 | 19,808 | 1,19,808 |
| 2,00,000 | 36 | 18% | 7,230 | 60,280 | 2,60,280 |
| 5,00,000 | 36 | 18% | 18,076 | 1,50,736 | 6,50,736 |
Disclaimer: The EMI figures above are approximate and calculated using the standard reducing-balance method. Actual EMI may differ based on the interest rate offered to you. Use the Personal Loan EMI Calculator on the website for a precise estimate.
Yes. Hero FinCorp is an RBI-registered NBFC. The Hero FinCorp instant personal loan app is used for digital loan applications, KYC, repayment tracking, and loan account access.