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Overview Eligibility Features & Benefits Fees & Charges Documents FAQs Terms & Conditions

Product Overview

Hero FinCorp Personal Loan is designed to provide quick financial assistance for needs like medical emergencies, travel, wedding, education, or any personal expenses. It offers a fully digital process, fast approval, and flexible repayment options.

With fast processing, minimal documentation, and easy eligibility, it is a reliable option for entrepreneurs and individuals looking for quick financial assistance.

Eligibility Criteria

Applicant must be an Indian resident
Age: 21 to 58 years
Salaried or self-employed individual
Minimum Income: ₹15,000/month
Stable employment/business continuity
Credit score matters (685+ preferred is correct for filtering)

Features & Benefits

Loan Amount: ₹50,000 to ₹5,00,000
Quick approval (within minutes) & fast disbursal
100% digital & paperless process
Collateral-free loan (no security required)
Flexible repayment tenure up to 36 months
Minimal documentation required
Suitable for salaried & self-employed individuals
Multi-purpose usage (no restriction)

Fees & Charges

Processing Fee: 2.5% to 4% +GST
Interest Rates: 19% – 30% p.a. (profile-based)
Processing Fee: Up to 2.5% – 4% (+GST)
Foreclosure Charges: Around 5% of outstanding amount (+GST)
Tenure: 12 to 36 months
EMI Bounce Charges: ₹350 approx. 

Documents Required

Identity Proof (PAN Card mandatory)
Address Proof
Income Proof (Salary Slip / ITR / Form 16)
Bank Statements (Last 6 months)
Passport-size photographs

FAQs

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You can get up to ₹5 lakh depending on eligibility.

Interest rates start from around 19% and can go up to 30% per annum.

Approval can be done within minutes through a digital process.

No, it is an unsecured loan (no collateral needed).

Minimum ₹15,000 monthly income is generally required. 

Terms & Conditions

Loan approval is subject to internal policies of Hero FinCorp
Interest rates and loan terms vary based on applicant profile
Processing fees are non-refundable
Late payments may attract penalties and impact credit score
Final approval is at the discretion of the lender

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Why Choose Hero FinCorp?
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Flexible Loan Solutions For every need
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