Flexible Repayment Tenure
Using the EMI calculator, you can adjust the EMI tenure as per your convenience. The facility to choose the loan tenure (from 12 to 36 months) helps you plan your budget and potentially avoid payment delays.
Instant Cash Loan
Do you need an instant cash loan for different expenses? You can apply for one through Hero FinCorp, an RBI-licensed NBFC, for a quick and hassle-free way to meet your financial needs. This unsecured loan gives you the cash you need for planned or unplanned expenses.
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Get an Instant Cash Loan Online Up to Rs 5 Lakh
Hero FinCorp provides an online cash loan between Rs 50,000 and Rs 5 lakh, which is ideal for expenses like repairing the home or car, going on travel, medical treatment, or wedding expenses. The online application process is simple and fast, enabling possible instant approval upon verification.
We provide competitive interest rates from 19% p.a. (subject to your credit score, financial profile, and eligibility), with tenures that are flexible enough - between 12 to 36 months. This is to ensure loan repayment is within reach and not create undue financial hardship. To better plan your repayment, you can calculate various tenures and installments that suit your budget using the free online EMI Calculator from our website.
Whether employed or self-employed, an Instant Money Loan provides you with immediate access to cash to address pressing requirements, achieve personal objectives, and advance your financial path sensibly.
Features and Benefits
Here are some key features and benefits of this loan.
Online Process
You can use the mini loan app anytime, anywhere, and apply for an urgent cash fund within 10 minutes. When you apply online, the loan is approved instantly.
100% Digital Loan Application
Applying online is quick and easy. Just register using your mobile number and apply with your KYC details and proof of income.
Hassle-free Documentation
The online loan application requires minimal documentation. You only need your PAN card and Aadhaar card.
Collateral Free
An urgent money loan is unsecured and requires no collateral, such as property or a financial asset, against the loan amount.
Eligibility Criteria
Before you apply for an instant cash loan, it is useful to know the eligibility requirements. It simplifies the application process and saves you from financial strain in the future. Here are easy requirements:| Criteria | Requirement |
|---|---|
| Age | Between 21 and 58 years. |
| Citizenship | You must be an Indian citizen. |
| Work Experience | 1. Salaried Individuals: Minimum 6 months 2. Self-employed Individuals: Minimum 2 years of stable business operations |
| Monthly Income | Minimum income of Rs 15,000 per month. |
| Credit Score | A score of 750+ is generally preferred for instant approval. |
Documents Required
When you need quick cash, we give you instant access to funds with a simple application process. Whether you are salaried or self-employed, you can apply without any hassle. Just keep these basic documents ready:
- Aadhaar Card
- PAN Card
Interest Rate and Charges
A money loan can help cover unexpected expenses, but it's vital to fully understand the costs involved before applying. Review the competitive interest rates and associated fees to plan better and avoid repayment issues. As per RBI Fair Practice Code guidelines, all rates of interest and charges will be clearly displayed upfront.
| Fees & Charges | Amount Chargeable |
|---|---|
| Interest Rate | Starting from 19% p.a. (Varies based on credit assessment) |
| Loan Processing Charges | Minimum 2.5% + GST (non-refundable) |
| Prepayment Charges | As per loan agreement (If permitted) |
| Foreclosure Charges | Up to 5% + GST (As per the latest NBFC Master Circulars) |
| EMI Bounce Charges | Rs 350/- |
| Interest on Overdue EMIs | 1% - 2% of the Overdue Amount Per Month |
| Cheque/Mandate Bounce | Fixed Nominal Penalty |
| Loan Cancellation | 1. No cancellation charges levied by the online app. 2. The interest amount paid is non-refundable. 3. Processing charges are non-refundable. |
How to Apply for an Instant Cash Loan Online?
Financial stress can be challenging to handle, especially when you need money urgently. We offer urgent loans with a simple online application process, giving you immediate access to funds to manage your financial needs.
Here’s a step-by-step process to applying for an instant money loan online.
- 1
Go to the personal loan page on the website and click ‘apply now’.
- 2
Enter your mobile number and verify it with the OTP received.
- 3
Select the loan amount you need.
- 4
Verify your KYC details to confirm income eligibility.
- 5
Click 'Submit' to finish your application.
Purpose of Taking Instant Money Loan
An instant money loan is unsecured and can be used for various planned and unplanned needs, including the following:
- Medical Emergencies: Get quick funds to cover sudden hospital or treatment costs.
- Home Renovation: Upgrade or repair your home without touching your savings.
- Higher Education: Manage tuition fees or other education-related expenses easily.
- Wedding-Related Expenses: Handle venue, decor, or other wedding costs comfortably.
- Travel: Finance your trips without affecting your regular budget.
You can use the funds from your loan for any legitimate personal expenditure, giving you financial flexibility.
How to Download an Urgent Cash Loan App?
Here is a step-by-step guide for downloading an Instant Money Loan App on your smartphone:
- 1
Go to the Google Play Store or App Store.
- 2
Search for the Hero FinCorp loan app.
- 3
Tap on the 'Install' button.
- 4
Tap on the 'Open' icon.
- 5
Provide permission to access location settings.
- 6
Put in your mobile number and use the OTP to log in safely.
How to Apply for a Loan Using an Urgent Cash Loan App?
Are you eligible and ready to apply for a loan using an urgent money loan App? Here’s a stepwise guide to make it happen:
- Open the App: Go to the Personal Loan section.
- Select Loan Details: Choose your desired loan amount (up to Rs 5 lakh) and preferred EMI plan.
- Provide Basic Information: Enter your Name, Income, Loan Purpose, and PAN Card number.
- Complete KYC: Verify your identity by completing the KYC process.
- Enter Bank Details: Input your bank account details for loan disbursement.
- Get Approval: Receive real-time loan approval.
- Sign Digitally: Digitally sign the e-Mandate and loan agreement.
- Receive Funds: The approved loan amount will be credited directly to your bank account.
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Frequently Asked Questions (FAQs)
A cash loan is a personal loan that gives you a lump sum of cash to meet urgent needs like medical bills or other unexpected costs. It is usually unsecured and repaid with interest over a set amount of time.
Go to the website or loan app, click on ‘Apply Now’, and fill in your details, including KYC and proof of income. Once you submit, you can get instant online approval.
Apply online using our website or app. If you meet the eligibility criteria and follow the necessary steps, your loan can be approved within 10 minutes with no physical documents required.
For the fastest approval, apply via the loan app or website. The online process is quick and requires minimal paperwork.
You can apply for a small cash loan online through our app or website. Provide your KYC details and proof of income to get between Rs 50,000 and Rs 5 Lakh, subject to eligibility.
No, you cannot get a mini cash loan online without proof of income. This document is mandatory for NBFCs to assess your repayment capacity. You must provide supporting documents like bank statements, Form 16, or income tax returns.
You can repay your loan through EMIs using net banking, auto-debit, UPI, or other digital payment modes.
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.