Personal Loan EMI Calculator
The primary objective of a refrigerator is to keep things cold and fresh for longer. However, the appliance must work optimally to avoid food spoilage. You must also replace it every few years to get the latest equipment. However, many people avoid this due to a lack of finance. That is when a personal loan for a refrigerator comes into play.
Hero FinCorp offers Personal Loans of up to Rs. 5 Lakh without end-use restrictions. You can use the loan amount to fulfil your aspirations, handle emergencies, achieve goals, or make big-ticket expenses like a refrigerator purchase. Please continue reading to learn how a Personal Loan allows you to buy a refrigerator on EMI and why it is the best funding option.
There are many compelling reasons why you should consider buying a refrigerator on EMI rather than paying its price from savings or using a credit card. Here are a few of them:
Here are a few benefits of buying a refrigerator on EMI without a credit card:
With Hero FinCorp's Rs. 5 Lakh personal loan, you can buy a refrigerator on EMI within your budget.
Hero FinCorp offers personal loans with interest rates up to 30%, lower with good credit scores.
Buy a refrigerator on EMI with Hero FinCorp's unsecured loans, no collateral or guarantor required.
Hero FinCorp offers flexible personal loan repayment up to 36 months with budget-friendly EMI options.
Apply for a personal loan to buy a refrigerator online, with instant approval and quick disbursement.
Hero FinCorp Personal Loans require only basic documents (identity, address, income) with a zero-paperwork process.
Please verify the eligibility criteria for a personal loan for a refrigerator online. Simple eligibility conditions make Hero FinCorp Personal Loans easily accessible to all. These include the following:
21 to 58 years of age
Indian citizenship
Six months for salaried; two years for self-employed
Minimum Rs. 15,000 per month
Hero FinCorp has a seamless Personal Loan procedure with minimal documentation requirements. The documentation includes your proof of identity, proof of address, and proof of income, depending on whether you are a salaried or a self-employed applicant. Be sure to check the necessary personal loan documents before starting the application process.
Driving License, Passport, PAN Card, Aadhaar Card
Loan Application Form, Passport Size Photo
6 Months’ Salary Slips & Bank Statements, Form 16
Appointment Letter from Current Employer
Driving License, Passport, Aadhaar Card, Utility Bill
N/A
Driving License, Passport, PAN Card, Aadhaar Card
Loan Application Form, Passport Size Photo
Last 6 Months Bank Statements, ITR for Last 2 Years
N/A
Maintenance Bill, Utility Bill, Property Documents, Rent Agreement
Copy of Tax Registration, Shop Establishment Proof, Company's Registration Certificate
At Hero FinCorp, your Personal Loan interest rate can be 30% at most. That means the refrigerator’s cost does not increase excessively when you convert its payment into EMIs. Maintain a high credit score, reduce your debt-to-income and credit utilisation ratio, and show all income sources to get the lowest interest rate on a personal loan for refrigerator at Hero FinCorp.
Have you decided to buy a refrigerator on EMI using a Personal Loan from Hero FinCorp? You can apply online or via the Hero FinCorp Personal Loan App on your mobile device.
Follow these steps to apply online:
Visit the Hero FinCorp website or install the Personal Loan app
Go to the 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
