Instant Loan Amount
You can get loans ranging from Rs 50,000 to 5 Lakh at competitive interest rates.
Emergency Loan
Need money urgently? Get quick help with an Urgent Personal Loan online. Apply online with transparent terms and get quick decision-making on your application.
No Hidden Charges
Minimum Salary Required: Rs 15,000 Per Month
Zero Loan Cancellation Fee
Calculate Personal Loan EMI
Get an Emergency Personal Loan Up to Rs 5 Lakh
Life can be unpredictable, and sometimes emergencies demand quick action. If you have an urgent money needed situation, having instant access to funds can make all the difference. We offer emergency Personal Loans of up to Rs 5 Lakh to help you manage urgent financial needs. You can apply online and get a quick eligibility check and approval in less than 10 minutes. With interest rates starting at 19% p.a.(as of 2023), minimal documentation, flexible repayment options, and no collateral requirement, Hero FinCorp, an RBI-licensed NBFC, makes borrowing simple, secure, and transparent for a stress-free experience.
EMI for Emergency Personal Loan for Tenures of 3 Years
Worried about the EMI amount when applying online? We offer competitive interest rates to make repayment easier. Your EMIs are determined by your eligibility and repayment capacity, based on the loan amount, interest rate, and tenure. The table below provides an illustrative example of potential EMIs, and is not a final offer.
| 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
Here are the key features and benefits to know before applying for a Personal Loan for Emergency.
Attractive Interest Rate
Loan interest rates start from 19% p.a.
Collateral-Free
You don't need to provide any security or collateral to obtain an emergency loan.
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 website or loan app.
Eligibility Criteria For Urgent Loan Required
If you need loan urgently, check if you meet these eligibility criteria for an urgent personal loan:| Criteria | Requirement |
|---|---|
| Age | You should be between 21 and 58 years at the time of applying. |
| Citizenship | You should be a citizen of India. |
| Work Experience | 1. Salaried Employee: You should have at least 1 year of experience with at least 6 months in the current company. 2. Self-employed: You should have a business vintage of at least 2 years. |
| Monthly Income | You should have a minimum net monthly income of Rs 15,000. |
| Credit Score | A healthy CIBIL Score, typically 750 or above, is preferred for faster processing. |
Documents Required
The following documents are required for both salaried and self-employed applicants to complete their loan application instantly.
- Aadhar Card
- Pan Card
Interest Rate & Charges
When taking an urgent loan online, it’s important to know about additional charges. Getting instant funds shouldn’t cost more. Our loans come with transparent fees with no hidden costs.
| Fees & Charges | Amount Chargeable |
|---|---|
| Interest Rate | Starting from 19% p.a. |
| Loan Processing Charges | Minimum 2.5% + GST (As per RBI guidelines, this is capped at a reasonable amount.) |
| Prepayment Charges | 0% for loans fully serviced for over 12 months (as per 2025 NBFC norms). |
| Foreclosure Charges | 5% + GST |
| EMI Bounce Charges | Rs. 350/- (Subject to change) |
| Interest on Overdue EMIs | 1–2% of the loan/EMI overdue amount per month (Applicable on the overdue amount only) |
| Cheque Bounce | Fixed nominal penalty (Check loan agreement) |
| Loan Cancellation | 1. Cancellation Fee is Zero if cancelled within the stipulated cooling-off period and before disbursement. 2. The interest amount paid is non-refundable. 3. Processing charges are also non-refundable & non-adjustable. |
How to Apply for a Personal Loan for Emergency Online?
Planning to take a loan for an emergency online? Here is a step-by-step process to apply easily and quickly:
- 1
Visit our website.
- 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.
Purpose of Taking an Emergency Personal Loan
An emergency Personal Loan provides quick funds when urgent money is required. Whether it's for medical expenses, an unexpected repair, or other emergency expenses, We can help you to get quick access to funds within a matter of minutes.
Common reasons to take out a loan for emergency needs include:
- Covering sudden hospital or medical expenses.
- Emergency repairs to your home or car.
- Meeting immediate rent, bills, or school fees when short of cash.
- Unexpected travel or family emergencies.
- Unplanned personal or family events.
- Funding emergency business requirements.
- Clearing high-interest credit card dues to consolidate debt.
How to Download an Emergency Loan App?
Downloading the urgent loan app is quick, secure, and user-friendly. If you have an urgent loan required, you can set up and access quick funds any day at any time using a mobile device. Here is how to do that:
- 1
Go to Google Play Store (for Android), or Apple App Store (for iOS) on your device.
- 2
Search for “Hero FinCorp” using the search bar.
- 3
Find the official loan app in the app store when you search.
- 4
Click "Install" and download.
- 5
Click on the app icon and give the necessary permissions.
- 6
Sign up and log in.
- 7
Set up your profile to explore instant loan options.
How to Apply for a Loan Using an Emergency Loan App?
With Hero FinCorp, you can manage your emergencies with confidence through a seamless, secure, and transparent digital loan procedure. You can complete the loan application in just a few easy steps without visiting a branch.
Here’s how you can apply:
- Open the app.
- Choose your desired loan amount and preferred EMI plan.
- Enter your Name, Income, Loan Purpose, and PAN Card number.
- Verify your identity by completing the KYC process.
- Input your bank account details for loan disbursement.
- Receive real-time loan approval.
- Digitally sign the e-Mandate and loan agreement.
- The approved loan amount will be credited directly to your bank account.
Blogs
Frequently Asked Questions (FAQs)
An urgent loan is a type of unsecured loan designed for immediate financial requirements. It is sanctioned quickly when you apply for an emergency loan online, features a competitive interest rate, and offers a flexible repayment term.
You can borrow a loan for emergencies ranging from Rs 50,000 to 5 Lakh online.
You can select a loan term of 12 to 36 months to repay your urgent loan.
You can make use of the Loan EMI Calculator online to determine the instalment amount of your loan. You need just your loan amount, interest rate and repayment tenure.
All Indian citizens aged 21 to 58, with a minimum net monthly income of Rs 15,000 , can apply for an Urgent Personal Loan. Detailed eligibility criteria are provided above.
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. You need to enter your loan amount, rate of interest and repayment term.
Yes, you can apply online for a ₹50,000 instant personal loan to meet urgent financial needs with quick approval and easy disbursal.
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.