Collateral-Free
You don't need to pledge any asset as collateral to get the loan.
Quick Loan
Need a Quick Personal Loan for urgent expenses? Hero FinCorp, an RBI-licensed NBFC, offers fast and reliable access to funds, helping you manage unexpected costs with ease.
No Hidden Charges
Minimum Salary Required: Rs 15,000
Zero Loan Cancellation Fees
Calculate Personal Loan EMI
Get a Quick Loan Online Up to 5 Lakh
Financial emergencies strike unexpectedly, often depleting your savings and disrupting your financial plans. Managing unforeseen expenses quickly becomes a stressful challenge when immediate funds are unavailable.
Hero FinCorp’s Personal Loan offers a fast, hassle-free solution to bridge these urgent gaps. They are 100% digital, collateral-free, and require minimal documentation. With a simple online application, you can get instant approval within 10 minutes, and the loan amount is credited promptly to your bank account.
You can avail a Personal Loan of up to ₹5 Lakh with flexible repayment tenures of 12 to 36 months and competitive interest rates starting from 19% p.a. If you earn at least ₹15,000 per month, you can apply instantly online without leaving your home.
Features and Benefits
As its name suggests, a fast loan offers instant approval and fast disbursement. These loans are designed for people who need immediate funding. Let’s look at their most notable features and benefits.
Flexible Repayment Tenure
You can choose a repayment tenure of 12 to 36 months.
Instant Approval
When you apply online, you get loan approval within 10 minutes.
100% Digital Loan Application
Fill out a digital loan application form in just a few steps with basic details and necessary information.
Hassle-free Documentation
Provide only KYC details and income proof online to make the entire verification and approval process smooth, quick, and stress-free.
Eligibility Criteria
To apply for a quick fund and get instant approval, you need to meet some basic eligibility requirements. Below are the eligibility criteria:
| Eligibility Criteria | Details |
|---|---|
| Age | Applicants should be between 21–58 years. |
| Citizenship | Must be a citizen of India. |
| Work Experience | Minimum 6 months for salaried employees and 2 years for self-employed. |
| Monthly Income | Applicants should earn at least Rs. 15,000 monthly to qualify for a loan. |
Documents Required
The following documents are needed for both salaried and self-employed applicants to apply for a quick personal loan.
- Aadhaar Card
- PAN Card
Interest Rate and Charges
Before applying for a quick Personal Loan, it is important to understand the rate of interest, fees, and other charges involved. At Hero FinCorp, the personal loan interest rates and applicable fees are nominal, ensuring a transparent borrowing experience 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 | N.A. |
| Foreclosure Charges | 5% of the outstanding principal + GST |
| EMI Bounce Charges | ₹350/- + Applicable GST |
| Interest on Overdue EMIs | 1% to 2% of the loan/EMI overdue amount per month |
| Cheque/ECS/NACH Bounce | Fixed nominal penalty (Refer to your loan agreement) |
| Loan Cancellation | 1. No cancellation charges on the online loan application if the loan is not disbursed. 2. Interest amount paid is non-refundable post-disbursement. 3. Processing charges are also non-refundable post-disbursement. |
How To Apply for Quick Loan Online?
You can apply for a fast loan online and get instant approval. Follow these simple steps to complete the loan application process:
- 1
Visit the website or download the online Loan app.
- 2
Go to the instant personal loan page and click ‘apply now’.
- 3
Enter your mobile number and verify using the OTP received.
- 4
Select the amount of loan you need.
- 5
Complete your KYC and check your income eligibility to avail the loan.
- 6
Click on “Submit” to finish the application and receive funds promptly.
Purpose of Taking Quick Loan
After receiving the loan in your bank account, you can use it for any personal or business use, or for an emergency.
Here’s why people borrow loans:
- Pay unpaid bills or manage sudden, unexpected household expenses easily.
- Cover urgent medical or travel costs without disrupting your finances.
- Stay current with rent, utility bills, or tuition payments.
- Fund weddings or events without delaying important celebrations or plans.
- Manage small business or self-employment expenses quickly and efficiently.
- Consolidate multiple debts into a single, manageable repayment plan.
- Purchase the electronics or devices you need for your home conveniently and quickly.
Steps to Download a Quick Loan App on Your Phone
Our quick loan app is the fast and easy way to apply for a loan online. Here is how to download the app:
- 1
Open the Google Play Store or Apple App Store on your device.
- 2
Type Hero FinCorp and press the search button.
- 3
Browse through the results to identify the official loan app.
- 4
Click on Install to begin downloading.
- 5
Allow it to complete installation.
- 6
Once installed, open the application.
- 7
Provide the necessary permissions.
- 8
Sign up using your mobile number or email address.
- 9
Start using the app to browse loan options and apply.
How to Apply for a Loan Through Quick Loan App?
Here is a stepwise process to apply for a loan through quick loan app online:
- Go to the Personal Loan section on the loan app.
- Select your desired loan amount (up to Rs 5 lakh) and preferred EMI plan.
- Provide basic information like your Name, Income, Loan Purpose, and PAN number.
- Verify your identity by completing the KYC process.
- Enter your bank account details for loan disbursement.
- Get real-time loan approval within 10 minutes.
- Digitally sign the e-Mandate and loan agreement.
- The approved loan amount will be credited directly to your bank account.
Quick Loans Online Related Blogs
Frequently Asked Questions (FAQs)
Your 'Equated Monthly Instalment' or EMI will depend on your loan amount, repayment tenure and interest rate. You can use the personal loan emi calculator on the Hero FinCorp website to know the amount of your instalments.
The minimum salary requirement to apply for a quick loan at Hero FinCorp is Rs 15,000 only.
Salary slips are needed to check your income stability. If salary slips are not available, you can provide other documents like bank statements, income tax returns, or Form 16 to the lender.
To get a quick Personal Loan, you must consider applying online. At Hero FinCorp, you can get loan approval in 10 minutes when you apply on the Hero FinCorp website or loan app.
Yes, proof of income is required by the lender to approve your loan. It lets them assess your repayment capacity.
You may get a quick loan even with a low CIBIL score, but the lender may charge a higher interest rate or may offer a smaller loan amount.
The Hero FinCorp loan app can help you get an instant Personal Loan immediately. If you meet the eligibility requirements, the loan can be approved within 10 minutes.
The documentation is an important part of the loan application process. At Hero FinCorp, there is no need to provide physical documents for loan applications when you apply online. You only need basic KYC details and proof of income to apply for a loan online.
Yes, you can easily get a loan with approval in 10 minutes when you apply on the Hero FinCorp website or loan app.
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.