Personal Loan EMI Calculator
The sofa set is the focal point of your living area, where you arrange the rest of the home furnishings. A good sofa set is a comfortable space to unwind and relax after a long day. It also offers an inviting space for interacting with friends and family. However, these furniture pieces can be expensive, and your savings might not be enough to cover the cost of your favourite piece. That is where buying a sofa set on EMI kicks in.
A Personal Loan is an unsecured loan at attractive interest rates. It is easy to apply for, attracts quick approval, and is convenient to repay. Read on to learn more about a personal loan for sofa set online.
While many individuals may use their credit cards to finance and pay purchases through card bills, a Personal Loan from Hero FinCorp up to Rs. 5 Lakh is a much better funding option. It distributes the cost into easy monthly instalments, allowing you to buy a costlier sofa set on EMI without a credit card. Consequently, you don't need to save money for a long time to buy your favourite furniture. Moreover, you can keep your savings intact for emergencies or investments.
Buying a sofa set on loan without a credit card offers multi-faceted benefits, including the following:
Enjoy pocket-friendly EMIs for a sofa set, making a costly purchase budget-friendly without draining savings.
Hero FinCorp offers low-interest EMI on sofas with a high credit rating and low DTI/CUR.
Hero FinCorp Personal Loans are collateral-free, allowing you to buy a sofa set on EMI safely.
Hero FinCorp offers flexible 36-month repayment tenures with easy EMIs. Use an EMI calculator for better planning.
Need a sofa set? Get instant approval on a Personal Loan and seize the opportunity quickly.
Hero FinCorp offers a 100% digital documentation process for easy loan applications via website or app.
Since the sofa set is a cosy spot to nap, read, or just take a break, investing in a high-quality sofa set is of the essence. If you plan to buy a sofa set on EMI using a Personal Loan from Hero FinCorp, ensure you fulfil the following eligibility criteria for a personal loan:
21 to 58 years of age
Indian citizenship
Six months for salaried; two years for self-employed
Minimum Rs. 15,000 per month
When applying for a loan on a sofa set at Hero FinCorp, you must be worried about what documents you must provide and how. Thanks to the NBFC's 100% digital procedure, you don't need to visit a branch office even once. You can complete the job by uploading scanned copies of your identity, income, and residence proof through the website or app.
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
The interest rate to buy a sofa set on EMI is 30% at Hero FinCorp. This is a reasonable rate to avail of the Personal Loan service and distribute the sofa set’s cost into EMIs. Improving the credit score, reducing the DTI ratio, and showing high repayment capacity are effective ways to borrow a personal loan for a sofa set online at the lowest interest rates possible.
Have you finalised buying a sofa set on EMI using a Personal Loan from Hero FinCorp? You can apply online or via the Hero FinCorp Personal Loan App on your mobile phone.
Follow these steps to apply for a personal loan for sofa set 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
