Hero Fincorp - Personal Loan

Features

  • Flexible Loan Amounts between Rs 50,000 to 5 Lakh
  • No Collateral Requirement
  • Instant Loan Approval in 10 Minutes
  • Quick Loan Disbursal in Your Bank Account
  • Flexible Repayment Tenures from 12 to 36 Months
  • Competitive Interest Rate from 1.58% per month
  • Paperless Application Process
  • Processing Fees are between 2.5% and 3.5%
APPLY FOR PERSONAL LOAN

Eligibility

Before starting the personal loan application process, confirm that you meet the eligibility criteria for personal loan to ensure a higher chance of approval. At Hero FinCorp, the requirements are simple to meet.
 
Eligibility CriteriaDetails
AgeYou should be 21-58 years old.
CitizenshipTo obtain a loan at Hero FinCorp, you must be an Indian citizen.
Work ExperienceSelf-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 IncomeYou must have at least a monthly income of Rs 15,000.

Documents required

  • To apply for an instant loan from Hero FinCorp, you require minimal documentation. Just make sure you have the following loan documents ready for both salaried and self-employed individuals.
  • Pan Card 
  • Aadhar Card
Personal Loan Interest Rates & Charges

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 & ChargesAmount Chargeable
Interest RateStarting from 1.58% per month
Loan Processing ChargesMinimum 2.5% + GST
Prepayment ChargesN.A.
Foreclosure Charges5% + GST
EMI Bounce ChargesRs 350/-
Interest on Overdue EMIs1-2% of the loan/EMI Overdue Amount Per Month
Cheque BounceFixed Nominal Penalty
Loan Cancellation
  1. Our online loan app does not charge any cancellation charges
  2. Interest amount paid is non-refundable
  3. Processing charges are also non-refundable
 
Apply Now

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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