Online Process
You can use the loan app anytime, anywhere, and apply for an instant cash loan in minutes. When you apply online, the loan is approved instantly.
Instant Cash Loan
Loan up to Rs 5 Lakh
Minimum Income Required Rs 15K
Instant Approval in 10 Minutes
Personal Loan EMI Calculator
Get Instant Cash Loan Online Up to Rs 5 Lakh
Hero FinCorp offers collateral-free instant cash loans of Rs 50,000 to Rs 5 Lakh to manage planned or urgent needs like home repairs, travel plans, or wedding expenses. Due to their online application with instant approval and quick disbursal facilities, these unsecured urgent cash loans are the best funding options for unforeseen expenses.
The competitive interest rates starting from 1.58% per month and flexible repayment terms of 12 to 36 months keep the EMIs easily manageable. You can use the free to use online EMI calculator at Hero FinCorp website to try out various loan terms and repayment tenure with affordable instalments. Both salaried individuals and self-employed persons can take a quick cash loan through Hero FinCorp to fulfil their urgent cash requirements, make dreams come true, or fulfil their financial aspirations.
Features and Benefits of Instant Cash Loan
You can get an online instant cash loan of up to Rs 5 Lakh with Hero FinCorp. But before applying, check out its features and benefits. Here are some other features and benefits of these loans.
Simple Application
Applying online is quick and easy. Just register using your mobile number and apply with you KYC details and proof of income.
Hassle-free Documentation
The online loan application requires minimal documentation. You only need your PAN card, Aadhaar card and proof of income.
Collateral Free
An instant cash loan requires no security in the form of a property or an asset against the loan amount.
Good Credit Score
The higher the credit score is, the higher are the chances of your loan approval. Generally, a credit score of 750 or more is required for instant approval.
Fixed Interest Rate
The loan interest rate is fixed and does not change during the tenure. This lets you plan your EMI payment without any problem.
Flexible Repayment Tenure
Using the EMI calculator, you can adjust the EMI tenure as per your convenience. The facility to choose the loan tenure avoids delays in payments.
Eligibility Criteria for Instant Cash Loan
The eligibility requirements for an instant cash loan are easy to fulfil. Consider the following to be eligible for an instant cash loan:
Age
You must be between 21 to 58 years of age.
Citizenship
You must be an Indian citizen to apply for a Personal Loan at Hero FinCorp.
Work Experience
The minimum work experience for salaried employees is 6 months and 2 years for self-employed.
Monthly Income
The minimum income requirement is Rs 15,000 per month.
Documents Required for Instant Cash Loan
An instant cash loan is designed for urgent financial needs, so the documentation process is minimal and completely paperless. This helps speed up the loan approval and disbursal process. To apply online, simply keep your basic KYC and income documents handy. The simplified, digital documentation ensures faster approval and a hassle-free experience.
Required Documents for Salaried
Mandatory Documents
Duly filled application form, Passport-size photograph
Identity Proof
Driving License, Passport, PAN Card, Aadhaar Card (Any One)
Address Proof
Driving License, Passport, Aadhaar Card, Ration Card, Utility Bill (Any One)
Ownership Proof
Residence Ownership Proof (Electricity Bill, Maintenance Bill, Property Document)
Income Proof
Last 6 Months Salary Slips, Bank Statements, and Form 16
Required Documents for Self-Employed
Mandatory Documents
Duly filled application form, Passport-size photograph
Identity Proof
Driving License, Passport, PAN Card, Aadhaar Card (Any One)
Address Proof
Driving License, Passport, Aadhaar Card, Ration Card, Utility Bill (Any One), Office Address Proof (if applicable)
Ownership Proof
Business Existence Proof (Tax Registration, Shop Establishment Proof, Company Registration Certificate)
Income Proof
Last 6 Months' Bank Statements and ITR for 2 Years
Interest Rate and Charges for Instant Cash Loan
Small Personal Loans come in handy in times of immediate financial needs. However, be mindful of the associated expenses so you don't struggle to repay them later. One way to ensure stress-free repayment is to check the applicable interest rates and charges. Here is a brief outlook of the total loan cost:
| 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 |
How to Apply for Instant Cash Loan Online?
Applying for an instant cash loan is easy and quick. An instant cash loan can be used for many purposes, mainly to meet urgent cash needs.
- 1
Visit the Hero FinCorp website or install the personal loan app
- 2
Go to the personal loan page and click ‘apply now’
- 3
Enter your mobile number and verify with the OTP received
- 4
Choose the loan amount you need
- 5
Verify your KYC details to check income eligibility
- 6
Click ‘Submit’ to complete your application
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Frequently Asked Questions (FAQs)
To get an instant loan approval in 1 hour, you should apply using the Hero FinCorp website or loan app. When you apply online, the approval is instant, provided you meet the eligibility criteria.
No, you cannot get an instant loan without proof of income. Regular income is necessary, as it helps lenders ensure your loan repayment capability. In case you do not have a traditional proof of income, you can provide alternate proofs like bank statements, Form 16 or income tax returns. You can even apply with a co-applicant.
An instant cash loan is a form of Personal Loan available to both salaried and self-employed individuals. You can apply online and get instant approval. At Hero FinCorp, you can get an instant cash loan from Rs 50,000 to 5 Lakh for a tenure of 12 to 36 months.
To apply for an instant cash loan, you can use the Hero FinCorp loan app or website. Go to the Personal Loan page and click ‘apply now’. Fill your details and submit to get instant approval backed by quick disbursal.
You can apply for an instant cash loan either on the Hero FinCorp website or loan app. Go to the Personal Loan link and click the ‘apply now’ button. Fill in your details, including KYC information, and provide proof of income. Once you submit, you can get instant approval online.
If you are within the age range of 21 to 58 years, earn at least Rs 15,000 and have supporting income documents, you qualify to apply for an instant cash loan.
For an instant cash loan, you will need: KYC documents (Aadhaar and PAN card) and proof of income (Form 16, salary slips, bank statements and income tax returns) as applicable based on the nature of your profession.
You can repay an instant cash loan through EMIs using net banking, auto-debit, UPI, or other digital payment modes.
Instant cash loans have many advantages like attractive interest rates, flexible repayment tenures, quick approval and fast disbursal. These loans do not require any security or collateral. You only need to provide your KYC details and income proof.
To get an instant loan quickly, you should apply online using the Hero FinCorp website or loan app.
You can easily get a small or mini cash loan online. Just go to the Hero FinCorp loan app or website and apply with your KYC details and proof of income. You can get from Rs 50,000 to 5 Lakh based on your eligibility and needs.
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.