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 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
- 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 & 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 |
|
₹
**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 |
|---|