Collateral-Free Loans
A number of lending options require you to pledge an existing asset or have a person guarantee your loan. A Hero FinCorp small loan is approved based on creditworthiness and some essential elements.
A Small Personal Loan offers quick access to money for short-term needs such as education, emergencies, or household maintenance. With simple eligibility and flexible EMIs, it presents a hassle-free mode of borrowing according to your financial requirements.
Managing unexpected expenses can sometimes put a strain on your finances. If you are looking for a small Personal Loan online with minimal paperwork and fast approval, Hero FinCorp can lend you online Personal Loans of small amounts up to Rs 5 Lakh. It can be for a medical emergency, education, travelling, repairs to your home, or any of life's unforeseen events. These online small loans come with flexible repayment options, competitive interest rates, complete transparency, and a hassle-free digital application from wherever you are. We offer simple, secure, and convenient loans. There are no hidden costs or waiting for long periods.
Hero FinCorp does have a simple loan online application, so apply today for a small instant loan and receive it when you want to use it.
A Hero FinCorp small cash loan can assist you with your financial borrowing needs. Here are some key features that make this loan a great choice:
Before filling out the application for a small instant loan with Hero FinCorp, 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 |
|---|---|
| Age | The applicant must be between the ages of 21 and 58 years at the time of applying for the loan to get approval. |
| Citizenship | The applicant must be an Indian citizen with a valid ID proof issued by the Government of India to apply for a small personal loan. |
| Work Experience | 1. Salaried Individuals: Minimum 6 months 2. Self-employed Individuals: Minimum 2 years of stable business operations |
| Monthly Income | To determine eligibility, there should be a consistent monthly income (enough to ensure timely EMI repayment and the loan gets approved). The minimum is just Rs 15,000 only. |
| Credit Score | A score of 750+ is generally preferred for instant approval. |
To apply for a small personal loan from Hero FinCorp, you need very few documents. Just make sure you have the required loan papers ready, whether you're salaried or self-employed.
Prior to applying for a small Personal Loan, it's important to know the personal loan interest rates and charges. Hero FinCorp has 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 | 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 | Online loan application does not charge any cancellation fees |
| Interest amount paid is non-refundable | |
| Processing charges are also non-refundable |
The application process for a small instant Loan via Hero FinCorp is a simple fully digital process. Here’s how you can apply:

Go to the Hero FinCorp website or the Hero FinCorp personal loan app.
Select a small personal loan and click on ‘apply now’.
Enter your mobile number and authorise the OTP received.
Select your preferred loan amount and loan repayment tenure.
Complete the KYC verification to check your eligibility based on your income.
Click ‘Submit’ to complete the application process.
When you are thinking about a loan, it is helpful to know how basic loans or small cash loans are different in terms of eligibility, process and features. Here is a brief overview to help you make the right choice from the loan options available to you according to your financial 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 affordable with comparatively lower 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 minimal or no paperwork involved |