Hero Group Legacy Behind You
Backed by the Hero Group legacy, Hero FinCorp brings trusted lending experience and customer-focused financial solutions.
Mobile Loan
A mobile loan is a Personal Loan designed to help you purchase a new smartphone on easy EMIs without straining your monthly budget.
Approval in 10 Minutes
No Collateral Required
Paperless Documentation
Calculate Mobile Loan EMI
Get an Online Mobile Loan Up to ₹5 Lakh
A mobile loan helps you manage smartphone purchases and gadget expenses without paying the full cost upfront. Get a personal loan for phone needs with easy repayment options.
Apply online through a simple digital process and access funds quickly. Hero FinCorp offers a convenient mobile loan app experience with faster processing and transparent terms.
Salaried and self-employed customers can use a smartphone loan to manage their device purchases with flexible repayment options. Check eligibility and apply online in a few steps.
Looking for where to apply for a mobile loan online? Start your application today and get a smooth borrowing experience with Hero FinCorp.
Why Choose Hero FinCorp for Your Mobile Loan?
What You Can Buy with a Mobile Loan
Step-by-Step Guide on How to Apply
- 01
Enter basic details and check your mobile loan eligibility.
- 02
Submit KYC information digitally for verification.
- 03
Select your repayment plan and confirm loan terms.
- 04
Complete the loan agreement through secure e-signing.
- 05
Get funds after approval and successful processing.
Eligibility Criteria
Applying for a mobile loan is straightforward. Review the eligibility requirements below before you begin your application:| Criteria | Requirement |
| Age | 21 to 58 years |
| Employment | Salaried (minimum 6 months) or self-employed (minimum 2 years of stable business operations) |
| Monthly Income | Minimum ₹15,000 per month |
| CIBIL Score | 725+ preferred for faster approval; lower scores may be considered on a case-by-case basis |
| Residence | Indian citizen or resident |
| Existing Loans | Considered during the eligibility assessment |
Tip: You can check your eligibility instantly using the Personal Loan Eligibility Calculator on the website before applying.
Features and Benefits of Personal Loan for Mobile
Minimum Documentation
Instant Approval in 10 Minutes
Easy EMIs Upto 36 Months
No Collateral Required
Loan Amount Disbursed into Bank Account
Attractive Interest Rate from 1.58% per month
Trusted by Millions of Users
20 Mn+
Happy Customers
Loan Disbursed
Every 30 Seconds
1 Mn+
App Installs
Pan India
Locations Served
Paperless Documents Required
You NEED:
- Aadhaar Card / PAN Card
- Bank account details and income proof
Self-employed must also provide:
- Business proof
- Recent financial documents
Digital consent helps complete verification through secure online processes.
Interest Rates, Fees & Charges
Every mobile loan comes with clearly disclosed charges. As an RBI-compliant NBFC, Hero FinCorp provides a Key Facts Statement (KFS) detailing all applicable fees before you sign the loan agreement.
| Fee | Amount |
| Interest Rate | Starting from 18% per annum |
| Processing Fee | Starting from 2.5% of the loan amount + applicable GST |
| Prepayment Charges | Not applicable |
| Foreclosure Charges | 5% of the outstanding principal + applicable GST |
| EMI Bounce Charges | ₹350 per instance |
| Loan Cancellation | No cancellation charges via the loan app; interest and processing fees already paid are non-refundable |
Disclaimer: Charges and rates may vary based on your eligibility, loan terms, and applicable policies.
EMI — Tenure-Wise Breakdown
Plan your monthly repayments based on your loan amount, tenure, and applicable interest rate.
| Loan Amount | Tenure (Months) | Interest Rate (p.a.) | Monthly EMI | Total Interest | Total Amount |
| ₹50,000 | 12 | 18% | ₹4,584 | ₹5,008 | ₹55,008 |
| ₹1,00,000 | 12 | 18% | ₹9,216 | ₹10,588 | ₹1,10,588 |
| ₹2,00,000 | 12 | 18% | ₹18,336 | ₹20,032 | ₹2,20,032 |
| ₹2,00,000 | 24 | 18% | ₹9,985 | ₹39,636 | ₹2,39,636 |
| ₹3,00,000 | 36 | 18% | ₹10,846 | ₹90,446 | ₹3,90,446 |
Disclaimer: The EMI figures above are approximate and calculated using the standard reducing-balance method. Actual EMI may differ based on the interest rate offered. Use the Personal Loan EMI Calculator for an accurate estimate.
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Frequently Asked Questions
The fastest mobile loan approval depends on eligibility, documents, and verification. Complete applications usually help speed up processing.
Mobile app loans work through digital application, verification, approval, and disbursal steps completed online.
You can repay the mobile loan through EMIs based on the selected tenure and repayment schedule.
It can be a good idea to buy a smartphone on EMI if you want to manage expenses through smaller monthly payments.
You can buy a smartphone EMI without a credit card by applying for a mobile loan and selecting a suitable repayment plan.
The maximum loan amount mobile customers can access is up to ₹5 lakh, subject to eligibility and applicable terms.
A mobile loan with a low CIBIL score application may be considered based on income, repayment history, and overall eligibility.
An online mobile loan is a digital loan that helps you finance smartphone purchases, upgrades, and gadgets through a simple application process.