Collateral-Free
You don't need to pledge any asset as collateral to get the loan.
Quick Loans Online
Need Quick Loan for urgent expenses? Hero FinCorp offers fast and reliable access to funds, helping you manage unexpected costs with ease.
Loan up to Rs 5 Lakhs
Minimum Salary Required Rs 15K
Instant Approval in 10 minutes
Calculate Personal Loan EMI
Get 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 quick loans offer 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 personal loans up to Rs. 5 Lakh with flexible repayment tenures of 12 to 36 months and affordable interest rates starting at 1.58% per month. If you earn at least Rs. 15,000 per month, you qualify to receive funds instantly without leaving your home.
Features and Benefits of Quick Loan
As its name suggests, quick loan finance must have instant approval and fast disbursal facilities. They are specifically 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 a few minutes.
High Loan Amount
You can get a quick Personal Loan of up to Rs 5 Lakh online.
Attractive Interest Rate
The interest rates of our quick easy loans start from 1.58% per month.
Online Process
Apply for a Personal Loan online through Hero FinCorp’s website or app, ensuring quick approvals and minimal paperwork requirements.
Simple Application
Fill out a simple Personal Loan application form in just a few steps with basic details and necessary information.
Hassle-free Documentation
Submit only essential documents online, making the entire verification and approval process smooth, quick, and stress-free.
Good Credit Score
A credit score of 750 or more improves your chances of approval and lets you enjoy better interest rates and loan terms.
Eligibility Criteria for Quick Loan
To apply for a quick loan with Hero FinCorp 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 personal loan. |
Documents Required for Quick Loan
Applying for a quick personal loan with Hero FinCorp is simple and convenient, with minimal paperwork required. The following documents are needed for both salaried and self-employed applicants to complete your personal loan application process instantly.
- Aadhaar Card
- PAN Card
Interest Rate and Charges for Quick Loan
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 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 Quick Loan Online?
At Hero FinCorp, you can apply for a quick personal loan online and get instant approval. Follow these simple steps to complete the loan application process:
- 1
Visit the Hero FinCorp website or download the online personal 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.
Reasons to Opt for a Quick Loan
The best thing is that quick loans do not come with any end-use restrictions, allowing you to use them for any purpose you want. You may opt for quick loan services for a variety of reasons, including the following:
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Frequently Asked Questions
A quick loan is an instant Personal Loan that does not come with any end-use restrictions. Moreover, it is collateral-free, and you can obtain it completely online. If you are eligible and provide the necessary documents, you get approved instantly and disbursal within a few hours. Cover the expense with the funds and repay in easy EMIs spread across a loan term of up to 36 months.
These are the requirements to qualify for a quick loan at Hero FinCorp:
Age between 21 to 58 years
Minimum monthly income of Rs 15,000
Sufficient work experience
High credit score and low DTI ratio
Documents, including your identity, income, and address proofs
Consider your loan requirement and repayment capacity before applying for a quick loan. Avoid over-borrowing and ensure you can repay it on time to avoid any financial stress later.
Yes, but you must have a good income and a low DTI ratio to build trust and convince us of your repayment capacity.
The repayment process of quick loans takes place in equated monthly installments. Based on your loan amount, interest rate, and repayment tenure, divide your total loan cost into the number of EMIs in your loan tenure and repay on time to build your credit score.
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.