Lesser loan tenure
A short-term loan is typically approved for up to 3 years, avoiding long-term repayment burdens.
A short-term loan from Hero FinCorp offers instant financial relief with quick disbursal and a paperless process. Available for amounts between Rs 50,000 to Rs 5,00,000, the loan can be used for various urgent needs. With flexible tenures of up to 3 years, Hero FinCorp ensures easy and convenient loan management through its digital platform.
A short-term loan is an easy solution for a financial crisis. Since the amount borrowed is small, it can be repaid through manageable EMIs. Instant loan apps make it easier to apply for short-term loans online from anywhere—be it at home, office, or on the go. Just download the app and start your loan application. Learn more about the benefits and features of short-term loans through the Hero FinCorp app:
At Hero FinCorp, the documents required for personal loan include proof of identity, address, and income. Easily upload them online via our website or app. Requirements vary for salaried and self-employed individuals.
Driver's Licence, Passport, PAN Card, Aadhaar Card
Filled Loan Application Form, Passport Size Photograph
Six-Month Salary Slip & Bank Account Statement, Form 16
Appointment Letter from Current Employer
Driver's Licence, Passport, Aadhaar Card, Utility Bill
Not Applicable
Driver's Licence, Passport, PAN Card, Aadhaar card
Filled Loan Application Form, Passport Size Photograph
Last Six Months Bank Statement, ITR for the Last Two Years
Not Applicable
Maintenance Bill, Utility Bill, Property Documents, Rent Agreement
Copy of Tax Registration, Shop Establishment Proof, Company’s Registration Certificate
With Hero FinCorp, you can secure a low-interest personal loan, starting from 1.58% per month or 19% to 30% per annum, with minimal documentation. Besides the personal loan interest rate, here’s a quick overview of additional fees and charges to expect. Our fee structure is fully transparent, ensuring no hidden costs beyond these specified charges.
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 |
Hero FinCorp process of short-term personal loan application is very easy, follow the steps below:
Visit the Hero FinCorp website or install the personal loan app
Go to the instant personal Loan page and click ‘apply now’
Enter your mobile number and verify with the OTP received
Choose the loan amount you need
Verify your KYC details to check income eligibility
Click ‘Submit’ to complete your application
The advantages of short-term finance include:
Quick loan approval through instant loan apps.
Collateral-free nature, reducing the time taken for loan processing.
Fulfills urgent cash needs in times of emergency.
Not heavy on the pockets; borrowers do not hesitate in taking short-term finance.
Repayment may be easy as the loan amount taken is small.
There are very few disadvantages of short-term loans:
A limited loan amount is approved that might not be enough to fulfill all your instant cash needs.
Interest rate levied may be on a higher side as the loan is collateral-free in nature.
Prepayment, if done, may incur a penalty charge.
*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.