Personal Loan

Get a Personal Loan of up to Rs. 5 Lakhs to Pursue Your Dreams

Easy Digital Process

Minimum Salary Required Rs 15K

Instant Approval in 10 Minutes

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Calculate Personal Loan EMI

Apply For Personal Loan

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Get an Instant Personal Loan of up to Rs 5 Lakh

Looking for quick funds to make your dreams come true? Apply for an Instant Personal Loan today from Hero FinCorp and open up a world of opportunities - whether it is a new gadget, vacation, medical emergency, wedding expenses or home renovation. With simple paperless application and a quick disbursal process, accessing quick funds has never been easier!

Enjoy the convenience of borrowing up to Rs 5 Lakh with Hero FinCorp Personal Loan. Take advantage of attractive interest rates, flexible repayment tenures of up to 36 months, and no collateral—all this with minimal documentation. Get instant loan sanction online through Hero FinCorp website or loan app.

Max Loan Amount

Get up to Rs 5 Lakh

Max Loan Tenure

Choose up to 36 Months

Interest Rate

Starting from 1.58% per month

Processing Fees

Minimum 2.5% of the loan amount

Key Benefits and Features of a Personal Loan

Enjoy the numerous advantages of a Personal Loan—from realising dreams to taking care of unplanned expenses with ease. A Personal Loan provides the financial flexibility and convenience you require. With a completely online application, instant approval and quick loan disbursal, accessing funds has never been more convenient. Here are the main benefits of applying for a Personal Loan online.

Flexible Loan Amounts

Avail loans between Rs 50,000 to 5 Lakh for multiple purposes like medical treatment, home improvement, or a holiday of your dreams.

No Collateral Requirement

You can avail a Personal Loan without any collateral, guarantor or security.

Instant Loan Approval

Get approval for your loan in 10 minutes when you apply online on the Hero FinCorp website or loan application.

Quick Loan Disbursal

Receive loan disbursal directly in your bank account, ensuring timely money when you need it.

Flexible Repayment Tenures

Select a repayment term, from 12 to 36 months, according to your budget and financial needs.

Competitive Interest Rate

You can avail competitive interest rates from 1.58% per month, making the cost of the loan affordable.

Paperless Application Process

When you apply online, you don't have to submit any physical documents. This saves your time and effort.

Processing Fees

Our fees for processing are between 2.5% and 3.5%, offering low-cost access to money with little cost upfront.

Personal Loan EMI Calculator

Before applying for an instant loan, use our Personal Loan EMI Calculator to calculate your monthly instalment. You just need to enter your loan amount, interest rate and repayment tenure in the calculator and it will show the EMI amount instantly on the screen.

Let us understand by an example: If you take an instant Personal Loan of Rs 50,000 at an interest rate of 19% per annum for a tenure of 12 months, your EMI amount will be Rs 4,608. The total interest payable will be Rs 5,296.

Personal Loan Use Cases and Real-Life Examples

Personal Loans can be utilised for many different purposes. Below are a few examples of Personal Loans use cases.

Medical Emergencies

Rahul Kumar in Delhi required quick funds for a medical crisis. He took a Personal Loan of Rs 3,00,000 and paid it through EMIs of Rs 10,997 over 36 months. The interest paid was Rs 95,892. Quick disbursal of loan helped him cope with hospital bills without any delay.

Wedding Expenses

Manish Mehra of Mumbai minimised the expense burden of his wedding by taking a Personal Loan of Rs 2,00,000. Having a 24-month repayment term, he paid an EMI of Rs 10,082, and the total interest paid was Rs 41,968. This helped him enjoy his wedding stress-free.

Home Renovation

Sameer Sirohi in Jaipur availed a Personal Loan of Rs 1,00,000 to redo his house. He opted for a 12-month repayment period with an EMI of Rs 9,216. The entire interest paid was Rs 10,592, making it a convenient option to enhance his living space.

Personal Loan Eligibility Criteria

Before starting the loan application process, confirm that you meet the eligibility criteria for Personal Loan to ensure a higher chance of approval. At Hero FinCorp, the requirements are simple to meet.

Age

You should be 21-58 years old.

Citizenship

To obtain a loan at Hero FinCorp, you must be an Indian citizen.

Work Experience

Self-employed individuals should have a work experience of at least 2 years in their line of business, whereas salaried individuals should have a work experience of minimum 6 months in their current job.

Monthly Income

You must have at least a monthly income of Rs 15,000.

List of Documents Needed for a Personal Loan

To take an instant loan from Hero FinCorp instantly, you require minimal documentation. The documentation may vary for salaried and self-employed segments, so ensure you have the correct ones in hand. Following is the list of documents required to apply for a Personal Loan.