Competitive Interest Rate
Get competitive interest rates starting from 19% p.a., making your loan cost-effective over the repayment tenure.
Unsecured Personal Loan
Struggling to manage unexpected expenses? Hero FinCorp's unsecured personal loan offers quick access to funds online, without the need for collateral, so you can handle your financial needs with ease.
Easy Digital Process
Minimum Salary Required ₹15K
Instant Approval in 10 Minutes
Calculate Personal Loan EMI
Get Unsecured Personal Loans Up to Rs 5 Lakh
Unexpected expenses can put a lot of stress on your finances, whether it’s a medical emergency, a home renovation project, or education costs. Finding the right funds quickly without going through complex procedures can feel overwhelming.
Hero FinCorp can help you with unsecured personal loans online, providing financial flexibility and convenience. You can borrow up to Rs 5 Lakh without requiring any collateral or pledging an asset and use it for any purpose, from holidays to medical emergencies uor higher education.
You can apply from home via the app, or website. With KYC documents and a minimum income of Rs 15,000, you can get instant approval online in just 10 minutes.
Why Choose Hero FinCorp for Unsecured Personal Loan?
Obtaining an Unsecured Personal Loan can be a significant financial aid if you require funds for a major expense or an emergency. Here is how.
- Covers multiple needs: You can use it for medical treatment, education, home renovation, weddings expenses, vacations, or electronic items.
- Affordable interest rates: Interest rates start at just 19% p.a.
- Flexible repayment: Choose a tenure of up to 36 months that suits your budget.
- 100% digital process: Apply online and get instant approval, without paperwork hassles.
- Plan your EMIs easily: Use the Personal Loan EMI Calculator for a Rs 5 Lakh loan to find a repayment plan that works best for you.
Features and Benefits of Unsecured Personal Loan
Enjoy numerous advantages offered by Hero FinCorp's unsecured Personal Loan, customized to your requirements:
Paperless Application Process
Enjoy a seamless, paperless loan process when you apply online with Hero FinCorp.
Loan Up to 5 Lakh
Get a personal loan of up to 5 Lakh online for various planned and unplanned expenses.
Quick Approval
You can get approval within 10 minutes for quick access to funds when you apply online.
Flexible Repayment Plans
Choose a repayment tenure of 12 to 36 months based on your monthly budget.
Eligibility Criteria for Unsecured Personal Loan
Before applying for an unsecured loan online, make sure you are eligible for the loan. The eligibility criteria include your age, stable income, work experience, and Indian citizenship. At Hero FinCorp, the personal loan eligibility criteria are simple and easy to fulfil.
| Eligibility Criteria | Details |
|---|---|
| Age | Applicants should be between 21 and 58 years. |
| Citizenship | You should be a citizen of India. |
| Work Experience | Six months for salaried individuals and 2 years for self-employed individuals. |
| Monthly Income | You should have a minimum income of Rs 15,000 monthly. |
List of Documents Required For Unsecured Personal Loan
Obtaining a collateral-free personal loan is fast and easy, provided you have a monthly salary of Rs 15,000. No heavy paperwork is required; if you are eligible, simply keep the following documentation ready. This option is available to both salaried and self-employed individuals, making the loan approval process smooth and allowing you to process your application instantly.
- PAN Card
- Aadhaar Card
Interest Rates and Charges on Unsecured Personal Loan
You should be aware of the loan costs, like the interest rates and processing fees, before applying for an unsecured personal loan online. At Hero FinCorp, the interest rates on personal loans are competitive, and other charges are nominal, making it an ideal choice for those who need quick funds. Here are the details.
| 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 |
|
How to Apply for an Unsecured Personal Loan?
Applying for an unsecured personal loan online is now more accessible than ever. With a quick and easy process, you can easily get instant funds to meet your financial needs.
- 1
Visit the Hero FinCorp website or download the personal loan app.
- 2
Click on the 'Apply Now' tab on the Instant Personal Loan page.
- 3
Enter your mobile number and register yourself with the OTP received.
- 4
Enter your loan amount.
- 5
Complete your KYC verification and verify your income eligibility.
- 6
Click 'Submit' to complete your online loan application and receive instant approval for your unsecured personal loan.
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Frequently Asked Questions
No, there are no hidden charges associated with Hero FinCorp's unsecured Personal Loans. We believe in transparency and provide clear terms to our customers.
Yes, Hero FinCorp offers unsecured Personal Loans, which means you don't need to provide collateral to secure the loan.
Unsecured Personal Loans offer peace of mind to borrowers as they don't require collateral. With responsible financial planning, borrowers can confidently manage repayments without worrying about risking assets.
No, Hero FinCorp offers unsecured Personal Loans to both salaried and self-employed individuals, ensuring accessibility to a wider range of customers.
An unsecured Personal Loan has no collateral requirement. In comparison, a secured loan requires collateral, like property, gold or securities.
You can opt for an unsecured Personal Loan online through Hero FinCorp. You may get up to Rs 5,00,000 at competitive rates and flexible terms.
Yes, unsecured Personal Loans do not require collateral, which makes the process faster. This saves time during emergencies.
Yes, some lenders may provide you an unsecured Personal Loan even with a low credit score. However, they may offer a small loan or charge a higher rate of interest.
Online Personal Loans have competitive rates and flexible repayment terms and require minimal documentation. Also, they get approved in minutes.
You may get approval for an unsecured Personal Loan in as little as 10 minutes from Hero FinCorp.
Yes, you may take an unsecured Personal Loan from Hero FinCorp with repayment terms between 12 to 36 months.
You can use our Personal Loan EMI Calculator. All you need is the interest rate offered by the lender, your loan amount and the preferred loan tenure to see how it will affect your monthly EMI.
You can get the maximum loan amount of up to Rs 5,00,000, subject to your eligibility, from Hero FinCorp.
No. Some online lenders, like Hero FinCorp, do not request you provide physical copies of your documents. They only request your KYC particulars along with proof of income.