Loan Amount
Short-duration loan amounts range from Rs 50,000 to Rs 5 Lakh, making repayment easy with manageable EMIs.
Short Term Loan
A Short-Term Personal Loan provides flexible repayment between 12 and 36 months (1 to 3 years), making it ideal for borrowers who need funds for a limited duration but prefer to manage their debt quickly. It's an unsecured loan designed to cover urgent, temporary financial gaps.
Pay Zero Loan Cancellation Fees
Minimum Monthly Salary Required: ₹15,000
No Hidden Charges
Calculate Personal Loan EMI
Get a Short-term Loan Online Up to Rs 5 Lakh
When unexpected expenses arise, arranging funds at short notice can be overwhelming. As an RBI-licensed NBFC, Hero FinCorp offers an Instant Short-Term Loan from Rs 50,000 to Rs 5,00,000 through a quick and 100% paperless application process, saving you from the hassle of lengthy paperwork. We offer competitive and transparent interest rates, ensuring you understand your cost of borrowing upfront. Plus, with flexible loan repayment options of up to 3 years, managing your Equated Monthly Instalments (EMIs) becomes far less stressful, all handled efficiently on a secure digital platform.
Why Choose Hero FinCorp for Short-term Personal Loan?
Hero FinCorp, an RBI-licensed NBFC, helps you handle sudden expenses with Personal Loans designed for quick relief. Here is why choosing a digital lending platform can be a smart choice:
- 100% Digital Process: Apply online without any paperwork. Just provide your KYC details.
- Zero Collateral Required: You don’t need to pledge security, making the loan quick and hassle-free.
- Competitive Interest Rates: Rates start at 19% per annum, making repayment manageable.
- Approval in Just 10 Minutes: Get instant access to funds when you need them the most.
- Flexible Repayment: Choose a loan tenure between 12 and 36 months that fits your monthly budget and repay comfortably.
Features and Benefits
Learn more about the key features and benefits:
Open for All Borrowers
Short-duration loans are available even to borrowers with low credit scores.
Collateral Free
Being an unsecured personal loan, no security or assets are required to be mortgaged against the loan.
Transparency
short-term Instant loans are entirely transparent, with no additional fees or hidden charges.
Calculate EMIs
Instant loan apps enable borrowers to calculate EMIs in advance using the personal loan EMI calculator.
Quick disbursal
Quick disbursal into the borrower’s bank account makes it a viable option during a financial emergency.
Short loan tenure
A loan is usually approved for up to 3 years, helping you avoid long-term repayment stress.
Eligibility Criteria
Instant short-term loans online have simple requirements, making online applications easy. Here are the personal loan eligibility criteria needed for instant approval.| Eligibility Criteria | Details |
|---|---|
| Age | Applicants should be between 21-58 years. |
| Citizenship | Being an Indian resident citizen is a must. |
| Work Experience | Minimum work experience for salaried employees is 6 months, and 2 years for self-employed. |
| Monthly Income | Minimum Rs 15,000 per month. |
| Credit Score | A score of 700 or above is generally preferred for instant approval. |
Documents Required
Getting a Short-Term Personal Loan is quick and effortless with a 100% paperless process. You only need to provide your basic KYC (Know Your Customer) details for instant verification:
- Aadhaar Card
- PAN Card
Interest Rate and Charges
You can get an urgent short-term Personal Loan at competitive interest rates starting from 19% per annum, with a 100% paperless process. The entire process is transparent, with no hidden costs or unexpected deductions.
| Fees & Charges | Amount Chargeable |
|---|---|
| Interest Rate | Starting from 19% p.a. |
| Loan Processing Charges | Minimum 2.5% + GST |
| Prepayment Charges | N.A. |
| Foreclosure Charges | Up to 5% + GST (As per the latest NBFC Master Circulars) |
| 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 |
|
How to Apply for a Short-Term Personal Loan Online?
Our process for urgent short-term Personal Loan applications is simple. Follow the steps below:
- 01
Visit the website.
- 02
Go to the Personal Loan section and click Apply Now.
- 03
Enter your mobile number and verify it using the OTP received.
- 04
Provide your basic details, including name, address, and employment information.
- 05
Complete your KYC verification by uploading your PAN and Aadhaar.
- 06
Choose the loan amount and repayment tenure that suits your needs.
- 07
Review and e-sign the loan agreement.
- 08
Get instant approval, and the loan amount will be credited directly to your bank account.
Purpose of Taking a Short-Term Instant Loan
Here are some common reasons people take a loan:
- Managing medical or emergency expenses: When sudden medical bills or emergencies arise, a loan helps you pay for treatment or hospital costs without delay.
- Handling urgent home or vehicle repairs: Unexpected damage to your home or a car breakdown can be stressful. These loans help you fix things quickly without straining your budget.
- Covering education or exam-related fees: If you need to pay for tuition, coaching, or examination fees on short notice, a loan can fill the gap smoothly.
- Paying rent or utility bills during cash shortages: Sometimes, the monthly cash flow gets tight. A loan can help you manage essential payments like rent, electricity, or water bills on time.
- Funding small business needs or side projects: Entrepreneurs or freelancers can use loans to manage working capital, buy supplies, or invest in small projects without affecting their savings.
- Managing travel or personal expenses instantly: Whether it’s a last-minute trip or an urgent personal need, a loan offers quick funds to cover travel tickets, bookings, or other expenses comfortably.
Steps to Download a Short-Term Loan App on Your Phone
Downloading the Short-Term Loan App lets you apply for an instant loan anytime, anywhere, with a 100% paperless process. Follow these easy steps to get started:
- Open the Google Play Store or App Store on your smartphone.
- Search for the Hero FinCorp Loan App.
- Tap Install and wait for the app to download.
- Open the app and register using your mobile number.
- Verify the OTP to log in securely.
How to Apply for a Loan Using a Short-Term App?
Applying for a loan through the Short-Term Loan App is quick, secure, and completely paperless. You can get instant approval in just a few steps:
- Open the loan app on your smartphone.
- Choose the loan amount and preferred EMI.
- Input the required details.
- Complete your e-KYC process.
- Enter your bank account details.
- Get real-time approval of the loan.
- Sign the e-Mandate and loan agreement online.
- Get the loan amount directly in your account.
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Frequently Asked Questions
A short-term loan is a small cash loan that can be easily repaid in a tenure of 1 to 3 years. It offers a limited loan amount that can suffice immediate cash needs. We enable borrowers to avail loans from Rs 50,000 to 5 Lakh.
Short-duration loans are unsecured and do not require collateral for approval.
The repayment tenure for a short-duration loan is up to 3 years.
You can avail a minimum of Rs 50,000 and a maximum of Rs 5 Lakh.
It can be used for various purposes like home repairs, renovation, educational fees, medical expenses, and even business purposes.
A short-term loan is repaid within a year, while a long-term loan extends over several years for larger financial requirements or business expansion.
When you take a loan and exceed or miss the given repayment tenure, your credit score is negatively affected.
The best way to get a loan quickly is through online instant Personal Loan apps. Download the app, register, complete the loan application, and receive approval in minutes.
There are several Personal Loan apps available for short-term loans online. Amongst all, you can consider our loan app, known for its reliability and transparency.
EMIs for loans can be repaid easily via net banking or an automated payment method.
The EMI of a loan depends on the loan amount, the interest rate, and the repayment tenure. You can use the online EMI Calculator to calculate within seconds.
Yes, even if you do not have a salary slip, you can get a loan. You just need to provide your KYC details (PAN and Aadhaar card) to complete the application process.
Yes, it's possible. But you might have to pay a higher interest rate or require additional documentation depending on your income and ability to repay.
Documentation is an essential part of the loan approval process, but with Hero FinCorp, it’s completely paperless. Just provide your PAN and Aadhaar card to complete the application process.
Yes, loan apps can approve your loan in 10 minutes, provided you meet all eligibility requirements and provide the necessary information.