| Eligibility Criteria | Details |
|---|---|
| Age | You should be 21-58 years old. |
| Citizenship | To obtain a loan at Hero FinCorp, you must be an Indian citizen. |
| Work Experience | Self-employed individuals should have a work experience of at least 2 years in their line of business, whereas salaried individuals should have a work experience of minimum 6 months in their current job. |
| Monthly Income | You must have at least a monthly income of Rs 15,000. |
Documents required
Hero FinCorp Personal Loans have low processing fees, competitive rates of interest, and quick approval process. With simple and clear fees and no hidden charges, you can make clear-cut decisions and maintain your financial well-being easily while applying for an instant loan.
| Fees & Charges | Amount Chargeable |
| Interest Rate | Starting from 1.58% per month |
| 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 |
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**Note: For exceeding 120 no. of payments, a group of 12 payments will be combined into a single payment number for better chart visibility.
| Period | Payment | Interest | Balance |
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