Apply for an Instant Personal Loan Online up to ₹7 Lakh.
What is an Instant Personal Loan?
A personal loan is unsecured financing you can use to cover unexpected expenses. It can be used for weddings, home renovations, medical emergencies, vacations, festivals and education costs. No collateral needed.
Get an instant personal loan approval in 10 minutes. For those eligible, the money is credited to your bank account within 24 to 48 hours of completing verification and documentation.
As part of the Hero Group, Hero FinCorp has been serving customers since 1991. As an RBI-regulated NBFC, it brings decades of lending experience and the trust of Indian families.
Want to know your personalised offer? Check your personalised interest rate in about 60 seconds with no credit impact. Use the EMI and Eligibility calculators below to view your indicative EMI, explore available tenure options, and understand your eligible loan amount before deciding whether to proceed with the application.
Calculate Personal Loan EMI
Calculate Your Personal Loan Eligibility
Estimate your monthly outflow and adjust your tenure with ease using our EMI Calculator. Plan confidently and borrow smartly.
Why Choose Hero FinCorp for Your Personal Loan?
The Hero Group Name You Know
Hero FinCorp is part of the Hero Group, a name Indian families have trusted for generations and has been lending since 1991. It manages more than ₹50,000 crore in assets across its lending businesses.
Regulated by the RBI
Hero FinCorp is an NBFC registered with the Reserve Bank of India (Registration No. 14.00266) and follows the RBI's Fair Practices Code. Your data is used only with your consent and protected by ISO 27001-certified processes and 256-bit encryption. CIN: U74899DL1991PLC046774.
Easy to Qualify
Apply with a monthly income of ₹15,000, whether you are salaried or self-employed. First-time borrowers with no credit history can apply too, with valid proof of income.
Minimal Paperwork
Your PAN and Aadhaar are enough to start. Income is verified digitally through your bank statement, so most salaried applicants do not need salary slips.
Money When You Need It
Get an approval decision in 10 minutes and the money in your bank account within 24 to 48 hours, with no collateral or guarantor.
Every Charge Shared Upfront
Your rate, processing fee and all other charges appear in your Key Facts Statement before you sign. Part-prepayment is free, and you can exit the loan during the cooling-off period without a penalty.
Support Through Your Loan
Track your application, check EMI dates and download your repayment schedule in the app. You get a reminder before every due date, and a dedicated grievance officer if anything goes wrong.
Types of Personal Loan for Your Needs and Goals.
Every Hero FinCorp personal loan gives you ₹50,000 to ₹7 lakh, an approval decision in 10 minutes and no collateral. Here is how it can help with what you are planning.
1
Marriage Loan
Planning a wedding for yourself, a sibling or your child? The venue, catering, jewellery, outfits and photography add up quickly. A personal loan covers the gap between your savings and the final bill, and you repay it in EMIs once the celebrations are over.
2
Medical Emergency Loan
When a family member needs surgery or treatment, the hospital will not wait for your salary date. Apply from your phone, with no security or medical records needed, and get the money within 24 to 48 hours. Use it for costs your health insurance does not cover, such as deductibles, room upgrades or treatment outside your network.
3
Travel Loan
A honeymoon in Bali, a family trip to Europe or a pilgrimage to Char Dham: book while fares are low and spread the cost over 12 to 36 months.
4
Home Renovation Loan
Fix a leaking roof before the monsoon, redo the kitchen or set up a room for a new baby. Fund the work without touching your savings and pay for it month by month.
5
Personal Loan for Education
Paying your child's college fees, coaching for an entrance exam or your own higher studies? Cover tuition, hostel and admission costs when they fall due, through a fully digital application.
6
Personal Loan for Upskilling
Ready for a better role? Fund a professional certification, a coding bootcamp or an executive programme while you keep working, and repay over 12 to 36 months as you put the new skills to use.
7
Festival Loan
Gifts, new clothes, home décor and gold can add to your expenses during festivals like Diwali, Durga Puja, Onam, Eid and Christmas. A personal loan can help manage these extra costs, which can be repaid in easy monthly installments.
Step-by-Step Guide on How to Apply for a Personal Loan.
Wondering how to apply for a Personal Loan? Applying for a Personal Loan online has never been easier. By completing a quick and secure online application process, you can find an easy and accessible way to secure instant funds.
Step 1 - Enter Details
Click the Apply Now button and provide personal details such as mobile number, PAN, Aadhaar, and income details, and answer a few simple questions.
Step 2 - Complete KYC
Quickly verify your identity through a secure online process.
Step 3 - Set Up Repayment
Select a loan tenure ranging between 12 and 36 months and check EMI online instantly. Set up auto-payment if required.
Step 4 - E-Sign & Receive Funds
Digitally sign your loan agreement after reviewing all applicable terms and conditions, fully transparent, with no hidden clauses. Eligible borrowers receive the funds in their bank account within 24 to 48 hours.
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If You Are Eligible.
| Eligibility Criteria | Details |
|---|---|
| Age | 21 to 58 years |
| Employment Type | Salaried or Self-Employed |
| Monthly Income | Minimum ₹15,000 per month |
| Work Experience | 6 months with current employer (salaried); 2 years in business (self-employed) |
| CIBIL Score | 725+ preferred |
| Residence Stability | Minimum 1 year at current address |
| Existing Loans | No Restriction |
Personal Loan Interest Rates, Fees & Charges.
| Charge Type | Details |
|---|---|
| Interest Rate | Starting from 17.9% p.a. |
| Processing Fee | 1.5% of loan amount + taxes as applicable |
| Tech/Document Charges | 1.0% of loan amount + taxes as applicable |
| Stamp Duty | As per the Stamp Act of your state |
| Prepayment Charges | Not applicable |
| Foreclosure Charges | Up to 5% + GST on outstanding principal |
| EMI Bounce Charges | ₹350 per instance |
| Overdue Interest | 1%–2% per month on overdue amount |
| Loan Cancellation | No cancellation fee through the app; processing fee and interest, if applicable, may not be refundable |
Do's And Don'ts About Personal Loans.
Taking a personal loan is straightforward when you go in prepared. A few habits before and after borrowing can help you manage your loan responsibly and avoid unnecessary costs.
Do's
- Check your CIBIL score before applying.
- Borrow only from RBI-regulated lenders
- Borrow only what you need.
- Compare the total cost, including fees.
- Read your Key Facts Statement before signing.
- Set up auto-debit for your EMIs.
- Report unregistered lending apps on the RBI’s Sachet portal
Don'ts
- Apply to several lenders at the same time.
- Choose an EMI your budget cannot handle.
- Ignore processing, foreclosure and bounce charges.
- Miss or delay an EMI.
- Share incorrect details in your application.
- Pay any fee before your loan is disbursed.
- Share your OTP, PIN or passwords with anyone who calls about a loan.
Tips to Get Your Personal Loan Approved Instantly.
- Check your CIBIL score before you apply: A score of 725+ gives you the best chance of quick approval.
- Link your PAN and Aadhaar to your mobile number: The online KYC uses them and a mismatch slows verification.
- Apply for an amount within your eligibility: Use the eligibility calculator before you apply.
- Enter your details exactly as they appear in your records: Your name, income and employer details should match your PAN and bank statements.
- Apply with the account your income is paid into: It speeds up income verification and makes EMI auto-debit simple.
- Clear small outstanding dues first: Fewer existing EMIs leave more room for the new loan.
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Frequently Asked Questions.
Hero FinCorp prefers a score of 725 and above. A lower score does not guarantee rejection, as income stability and employment history are also assessed. However, a weaker score may result in a smaller loan amount or a higher interest rate.
It is difficult. ITR is one of the primary ways income is verified for self-employed applicants. Most lenders, including Hero FinCorp, require at least two years of ITRs along with recent bank statements to assess repayment capacity for non-salaried borrowers.
An instant personal loan is an unsecured loan you apply for online, with no collateral or guarantor. You can use it for a wedding, travel, home renovation, education, medical bills or any other personal need. With Hero FinCorp, the whole journey from application to disbursal happens on the website or app, with no branch visit.
Interest rates start at 17.9% p.a. Your rate depends on your CIBIL score, income, employment type, loan amount and tenure. You see your rate before you accept the offer.
The processing fee starts at 2.5% of the loan amount, plus 18% GST, and is deducted at disbursal. On a ₹1 lakh loan, that is ₹2,500 plus ₹450 GST, or ₹2,950 in total. Other charges are stamp duty as per your state, ₹350 for each EMI bounce, foreclosure charges of up to 5% plus GST on the outstanding principal, and penal charges of 1% to 2% a month on any overdue amount.
The Key Facts Statement is a summary of your loan that you receive before signing. It lists the loan amount, interest rate, Annual Percentage Rate (APR), every fee and charge, the repayment schedule and the cooling-off period. The APR is the total yearly cost of the loan, including fees.
You can apply if you are 21 to 58 years old, are salaried or self-employed, earn at least ₹15,000 a month, and have lived at your current address for at least one year. A CIBIL score of 725 or above is preferred.
A CIBIL score of 725 or above is preferred. A lower score does not mean automatic rejection: Hero FinCorp also looks at your income stability and employment history, though you may be offered a smaller amount or a higher rate. If you have no credit history yet, you may still be eligible for your first loan with valid proof of income.
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