Small Personal Loan

Name: Customer Testimonials
Brand: Hero FinCorp
Rating: 5 (10 reviews)

A Small Personal Loan offers quick access to money for short-term financial requirements such as unexpected medical bills, home repairs, or essential education expenses. With transparent eligibility criteria and flexible EMI options, it presents a responsible and digitally-enabled mode of borrowing aligned with your financial needs.

Quick Loan Approval Process

Flexible Repayment Tenure

Completely Digital Documentation (Paperless)

Apply Now

Calculate Personal Loan EMI

Get Instant Funds

Apply Now

Apply for a Small Personal Loan Online Up to Rs 5 Lakh

If you need a small loan online with a paperless process and quick approval, you can apply with Hero FinCorp. Whether it’s a medical emergency, education, travel, home repairs, or any unexpected expense, you can get up to Rs 5 Lakh online. These loans come with flexible repayment tenures, competitive interest rates, complete transparency, and a hassle-free digital application.

We ensure simple, secure, and convenient loans with no hidden charges or long waiting periods. Apply online today for a small quick loan and receive funds when you need them.

Features and Benefits

A small cash loan provides quick financial support for personal needs or unexpected expenses. With an easy application, a paperless process, and transparent terms, it ensures a fast, convenient and hassle-free borrowing experience for individuals.

Collateral-Free Loans

Unlike other loans requiring collateral or guarantors, a mini loan is approved based on your creditworthiness and eligibility criteria. No asset pledges are needed.

Paperless Application and Documentation

You can apply for a mini loan online without physical documents. You just need to provide your KYC details for a quick, hassle-free process.

Flexible Repayment Plans

Choose repayment tenures that suit your budget, ensuring EMIs are manageable and align with your monthly cash flow comfortably.

Competitive Interest Rate

Benefit from attractive interest rates starting at 19% p.a., making repayments manageable and helping you handle your finances without strain.

Eligibility Requirements

Before applying, make sure you meet the basic eligibility requirements for a personal loan. These requirements will help ensure your application is processed smoothly, so that the money gets disbursed on time, especially when you need it most.

Eligibility Criteria	Details
Monthly Income	You should have a minimum monthly income of Rs 15,000.
Age	You must be between 21 and 58 years at the time of applying for the loan.
Citizenship	You should be a citizen of India.
Work Experience	Salaried individuals need at least six months’ continuous work. Self-employed applicants require a minimum of two years in business.
Credit Score	A score of 700 or above is generally preferred for instant approval.

Documents Needed

To apply for a small quick loan, you need only a few documents. Whether salaried or self-employed, keep the following documents handy for instant verification.

PAN Card
Aadhaar Card

Interest Rates and Charges

Prior to applying for a mini loan, it's important to know the personal loan interest rates and charges. We have simple, transparent pricing with competitive interest rates and nominal related costs to give you peace of mind and affordability.

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	1. Online loan application does not charge any cancellation fees
	2. Interest amount paid is non-refundable
	3. Processing charges are also non-refundable

How to Apply For a Small Personal Loan?

The application process for a small instant Loan is a simple fully digital process. Here’s how you can apply:

01
Go to the Personal Loan section on the website.
02
Select Small Personal loan and click ‘apply now’.
03
Enter your mobile number and authorise the OTP received.
04
Select your preferred loan amount and loan repayment tenure.
05
Complete the KYC verification to check your eligibility based on your income.
06
Click ‘Submit’ to complete the application process.

Apply Now

Purpose of Taking Small Personal Loan

A mini loan serves as a quick and convenient financial solution to manage short-term or minor expenses without disturbing your savings. It provides instant access to funds that can be used for various personal or household needs. With flexible repayment options and a paperless documentation process, it’s a smart choice for anyone looking to bridge a temporary financial gap.

Here are some common purposes for taking a mini loan:

Covering unexpected medical expenses
Managing education-related costs
Handling home repairs or appliance purchases
Paying utility bills or rent during cash crunches
Funding short trips or personal events
Consolidating small debts for easier repayment

How to Download a Small Instant Personal Loans App?

Our Small Personal Loan App is easy and simple to download. Once installed, you can apply, track, verify information, and manage loans at any time via your mobile phone.

Here is how to get started and download the app:

Pick up your phone and open the app store.
Type in the Hero FinCorp App in the search field.
Recognise the verified app of Hero FinCorp from the list provided.
Click Install to download the app.
When the installation is complete, tap the app icon to open it.
Grant the permissions to use the app seamlessly.
You can register or log in with your mobile number.

How to Apply for a Loan Via Small Instant Loan App?

When you apply for a loan using the small quick loan app, the process is 100% digital and takes only a few minutes. These are the steps to apply:

Open the loan app on your smartphone.
Choose the loan amount and preferred EMI.
Enter the required details.
Complete your KYC process.
Input your bank account details.
Get real-time approval of the loan.
Digitally sign the e-Mandate and the loan agreement.
Receive the loan amount in your account quickly.

What Our Customers Say About Us

❝

I needed funds urgently for a medical expense, and Hero FinCorp was a lifesaver. I applied on the app, uploaded my documents, and got approval for Rs 3 lakh within minutes! The money was credited the same day. The process was completely digital, which saved me a lot of time. I could choose an EMI plan that suited my monthly budget. The app is smooth and easy to use. I could track everything in real time. It truly makes borrowing stress-free and transparent. Highly recommend it for anyone needing quick and reliable financial support!

❝

When my payment for my destination wedding was due, I turned to Hero FinCorp. Their instant personal loan process was unbelievably fast, with approval and disbursal! No long paperwork, no branch visits, just a few clicks on the app. I loved the flexible EMI option, which let me plan repayments comfortably. The entire journey felt professional and transparent. I got timely updates on every step through SMS and email. This kind of service is exactly what busy working professionals like me need. I’m a happy customer and will definitely use them again when needed.

❝

I applied through the app for Rs 2 lakh, and within a few hours, I had the money in my account. The EMI customisation option was beneficial. I could keep my monthly payments light. I also appreciate the timely reminders I receive before due dates, which keep me disciplined. Everything was 100% digital, so no paperwork hassle. I’m genuinely impressed and will use this option again whenever I need quick funds.

❝

When our car broke down unexpectedly, we needed funds quickly. Hero FinCorp’s instant personal loan was the perfect solution. The application process was 100% digital and very easy to follow. I chose a 24-month EMI plan that fits our household budget. The auto-debit feature works perfectly, so we never miss payments. It feels good to know there’s a reliable solution available when emergencies strike. It has made borrowing a completely stress-free experience for us.

❝

The app is very user-friendly and guides you through the process step by step. I borrowed Rs 3.5 lakh for a family trip, and everything, eligibility check, approval, disbursal, was completed digitally. When I had a question about EMI dates, customer support responded quickly. I now recommend the app to colleagues whenever they need quick, trustworthy financial assistance. It’s truly a modern, customer-first solution.

Blogs

Personal Loan What Are Personal Loans for Freelancers? How to Get a Personal Loan As a Freelancer In India

Frequently Asked Questions

What is the timeframe for loan approval and disbursal?

The application submission is 100% online. Once you provide all necessary details, approval is typically instant. The loan amount is usually disbursed to your bank account within a few hours post-approval and digital signing of the agreement.

What is the minimum and maximum amount for a small quick loan?

The minimum amount you can qualify for is Rs 50,000 and you can go up to Rs 5 Lakh for a mini loan, based on eligibility.

If I have a low credit score, will I qualify?

Yes, you may still qualify, as your application is assessed holistically. Eligibility is determined based on your income stability, employer profile, and existing liabilities. However, a good CIBIL Score (700 or above) significantly increases your chances of instant approval and may qualify you for more favorable interest rates.

If I want a small quick loan online, do I need collateral?

Personal Loans are unsecured loans and do not need collateral or a guarantor; they are approved based on your credit and income profile.

What is the loan term if I take a small instant loan online?

Hero FinCorp offers these instant loans with repayment terms ranging from 12 months (1 year) to 36 months (3 years).

Can I prepay my small quick loan online?

Yes, you can prepay and pay off your loan early, but there will be foreclosure fees applicable.

How long will it take to get the loan amount after approval?

Usually, the loan amount is disbursed to your bank account within a few hours post-approval.

What is the repayment process for small loans?

Repayment is made through monthly EMIs via ECS (Electronic Clearing Service) or NACH (National Automated Clearing House) Auto-Debit, based on the selected tenure and the bank details provided. This automated process ensures timely repayment.

Can I apply for multiple small instant loans?

Yes, you can apply for multiple small instant loans online, depending on your repayment history, existing liabilities, and overall eligibility assessment.

What Are the Differences Between Basic Loans Vs. Small Loans?

When considering a loan, it’s useful to know how basic loans and small cash loans differ in eligibility, process, and features. Here’s a simple overview to help you choose the best option for your needs.

Parameter	Basic Loans	Small Loans
Loan Amount	Offer larger amounts, going up to Rs 5 Lakh	Start at Rs 50,000 and are ideal for short-term or smaller expenses
Foreclosure Flexibility	Usually have the option to foreclose the loan	May not always allow early closure
Interest Rates	Tend to have higher interest rates	Often more attractive interest charges
Repayment Tenure	Come with longer repayment options of up to three years	Offer shorter tenures beginning from one year
Documentation Process	Require detailed paperwork submission	Can often be approved digitally with no paperwork involved

View All FAQ's

Personal Loan by Amount & Salary

Personal Loan In Top Cities

Personal Loan Related Pages

Apply for a Small Personal Loan Online Up to Rs 5 Lakh

We ensure simple, secure, and convenient loans with no hidden charges or long waiting periods. Apply online today for a small quick loan and receive funds when you need them.

Eligibility Criteria

Details

Monthly Income

You should have a minimum monthly income of Rs 15,000.

Age

You must be between 21 and 58 years at the time of applying for the loan.

Citizenship

You should be a citizen of India.

Work Experience

Salaried individuals need at least six months’ continuous work.
Self-employed applicants require a minimum of two years in business.

Credit Score

A score of 700 or above is generally preferred for instant approval.

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

1. Online loan application does not charge any cancellation fees

2. Interest amount paid is non-refundable

3. Processing charges are also non-refundable

How to Download a Small Instant Personal Loans App?

Our Small Personal Loan App is easy and simple to download. Once installed, you can apply, track, verify information, and manage loans at any time via your mobile phone.

Here is how to get started and download the app:

Pick up your phone and open the app store.

Type in the Hero FinCorp App in the search field.

Recognise the verified app of Hero FinCorp from the list provided.

Click Install to download the app.

When the installation is complete, tap the app icon to open it.

Grant the permissions to use the app seamlessly.

You can register or log in with your mobile number.

Parameter

Basic Loans

Small Loans

Loan Amount

Offer larger amounts, going up to Rs 5 Lakh

Start at Rs 50,000 and are ideal for short-term or smaller expenses

Foreclosure Flexibility

Usually have the option to foreclose the loan

May not always allow early closure

Interest Rates

Tend to have higher interest rates

Often more attractive interest charges

Repayment Tenure

Come with longer repayment options of up to three years

Offer shorter tenures beginning from one year

Documentation Process

Require detailed paperwork submission

Can often be approved digitally with no paperwork involved

Small Personal Loan