Instant Loan Amount
You can get loans from Rs 50,000 to 5 Lakh at competitive rates of interest.
Emergency Loan
Facing an unexpected expense? Receive instant relief with an urgent loan online from Hero FinCorp. Apply for emergency funds in minutes with minimal documentation, quick approval, and flexible EMIs that won’t strain your budget.
Loan up to Rs 5 Lakh
Minimum Salary Required ₹15K
Instant Approval in 10 minutes
Calculate Personal Loan EMI
Get an Emergency Personal Loan Upto Rs 5 Lakh
Life is not always predictable, and sometimes, there is no way to prepare for an unexpected situation requiring immediate action. In case of an emergency, quick access to funds can relieve the strain. Hero FinCorp has made its urgent financial services to address immediate needs through emergency personal loans of up to Rs 5 Lakh. You can apply online and receive an approval in as little as 10 minutes. The personal loan interest rate starting from 19% p.a.. With minimal documentation, flexible repayment options, and no collateral required, Hero FinCorp gives you additional confidence as a RBI-licensed NBFC so you can borrow quickly, safely, transparently and have a stress-free borrowing experience.
EMI for Emergency Personal Loan for Tenures of 3 Years
Worried about EMI amount when applying online? Get the loan you need with competitive loan interest rates at Hero FinCorp. EMIs are designed to suit your eligibility and repayment capacity, and the final amount depends on your loan, interest rate, and tenure. For example, a Rs 3 Lakh loan at 19% p.a. would have EMIs varying with different repayment periods.
| Loan Amount | Tenure (in Months) | Interest Rate (per annum) | Monthly EMI | Total Interest | Total Amount Payable |
|---|---|---|---|---|---|
| Rs 5,00,000 | 12 | 19% | Rs 46,078 | Rs 52,936 | Rs 5,52,936 |
| Rs 5,00,000 | 18 | 19% | Rs 32,142 | Rs 78,556 | Rs 5,78,556 |
| Rs 5,00,000 | 24 | 19% | Rs 25,204 | Rs 1,04,896 | Rs 6,04,896 |
| Rs 5,00,000 | 30 | 19% | Rs 21,066 | Rs 1,31,980 | Rs 6,31,980 |
| Rs 5,00,000 | 36 | 19% | Rs 18,328 | Rs 1,59,808 | Rs 6,59,808 |
Features and Benefits of an Emergency Loan
Do you need a personal loan for emergency from Hero FinCorp? Know the features and benefits before applying:
Attractive Interest Rate
Loan interest rates at Hero FinCorp starting from 19% p.a.
Collateral-Free
You don't need to provide any security or collateral to obtain the loan for emergency.
Flexible Repayment Tenure
You can choose a loan repayment tenure of up to 36 months.
Instant Approval
You can get instant approval when you apply on the Hero FinCorp website or loan app.
Eligibility Criteria For Emergency Personal Loan
Want to find out whether you can get an emergency loan approval within a few minutes at Hero FinCorp? Make sure you meet these loan eligibility to qualify:| Criteria | Requirement |
|---|---|
| Age | Applicants should be between the ages of 21 and 58 at the time of applying. |
| Citizenship | Indian citizenship |
| Work Experience | If you're salaried, you should have at least 1 year of experience with at least 6 months in the current company. Self-employed should have a work experience of at least 2 years. |
| Monthly Income | To be eligible for a loan, you need to have a minimum monthly income of Rs 15,000. |
List of Documents Required for an Emergency Personal Loan
It is simple and easy to get a personal loan with no paperwork. The following are the documents required for both salaried applicants and self-employed applicants to complete your loan application instantly.
- Aadhar Card
- Pan Card
Interest Rate & Charges for Emergency Loan
When you take an urgent loan online, it is important to understand the extra fees. Getting instant access to funds should not cost you too much. Hero FinCorp has a transparent loan fees and charge with no hidden fees:
| Fees & Charges | Amount Chargeable |
|---|---|
| Interest Rate | Starting from 19% p.a. |
| 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 |
How to Apply for a Personal Loan for Emergency Online?
Are you planning to get a loan for emergency online with Hero FinCorp? Here is a step by step process to apply for an instant loan easily and quickly:
- 1
Visit the Hero FinCorp website or download a personal loan app.
- 2
Click on the instant personal loan tab and select "apply now".
- 3
Enter your mobile number. You will receive an OTP to register yourself.
- 4
Select the loan amount you want.
- 5
Complete KYC verification and check eligibility.
- 6
Click submit and complete your online loan application.
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Frequently Asked Questions (FAQs)
Emergency loan is one of our Personal Loans that gets sanctioned within 10 minutes when you apply online. It has a competitive rate of interest and flexible repayment term.
You can borrow a Loan for emergencies ranging from Rs 50,000 to 5 Lakh online at Hero FinCorp.
You have an option to select a loan term of 12 to 36 months to repay your urgent loan.
You can make use of the Loan EMI Calculator online in order to determine the instalment amount of your loan. You need just your loan amount, interest rate and repayment tenure.
All Indian citizens between 21 and 58 years of age, with a minimum income of Rs 15,000 per month can apply for an urgent Personal Loan. You may see detailed eligibility criteria on our website.
Either you can use the formula for calculating EMI [EMI = [P x R x (1+R)^N] / [((1+R)^N)-1)] or consider using the EMI calculator on the website of Hero FinCorp. You need your loan amount, rate of interest and repayment term.
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.