Hero FinCorp Personal Loan: Do you need some extra money to cover a special purchase or unexpected expenses? If yes, then you should look at Hero FinCorp Personal Loan. With its competitive interest rates, flexible repayment options and quick approval process, Hero Fincorp can help you realize your dreams.
In this blog post, we will learn about the key features and benefits of Hero Fincorp Personal Loan, eligibility criteria, required documents and how to apply. So let us know in depth how Hero FinCorp can prove to be a hero for you in times of financial need.
Hero FinCorp Personal Loan
| loan amount | up to Rs 5 lakh |
| interest rates | Starting from 12.5% per annum |
| loan tenure | up to 5 years |
| processing fee | 2.5% of loan amount |
| minimum monthly income | 15,000 |
Hero Fincorp Personal Loan
Hero FinCorp Personal Loan is an unsecured personal loan offered to salaried and self-employed individuals at attractive interest rates. The minimum amount of this personal loan is Rs 50,000 and the maximum amount is Rs 5 lakh which you can get depending on your eligibility. Along with this, the repayment period of the loan ranges from 12 to 60 months.
Hero Fincorp Personal Loan is a reliable financial solution that provides individuals with the funds they need to meet their personal goals and aspirations. Whether you want to pursue higher education, plan your dream wedding, or consolidate existing loans, Hero Fincorp has tailored loan options to suit your needs.
Hero Fincorp Personal Loan Interest Rates
When it comes to taking a personal loan, interest rate is one of the most important factors.Hero Fincorp Offers competitive interest rates on its personal loan, making it an attractive option for borrowers.
The minimum interest rate for Hero FinCorp Personal Loan starts from 12.5% per annum and the maximum interest rate is 25% per annum. However, it is important to note that this rate may vary depending on various factors such as the borrower’s credit history, income, employment and loan amount. Borrowers with good credit scores can expect to get lower interest rates on their loans.
Eligibility Criteria for Hero Fincorp Personal Loan
Before applying for a personal loan from Hero Fincorp it is important to understand the eligibility criteria set by them. The eligibility criteria are given below:-
- Citizenship: Applicant should be an Indian citizen.
- age: To be eligible for a Hero Fincorp Personal Loan, you must be at least 21 years of age and not more than 58 years of age at the time of loan maturity.
- Minimum Income: Your minimum monthly income should be at least Rs 15,000.
- Credit Score: It is essential that applicants have a good credit score. A high credit score reflects responsible financial behavior which increases the chances of getting approved for a loan at lower interest rates.
- For Salaried: You must have a steady source of income and be employed with your current employer for a period of at least six months.
Documents required for Hero FinCorp Personal Loan
When applying for a personal loan from Hero Fincorp, there are certain documents that you need to submit. These documents serve as proof of your identity, income and address. The documents required for Hero FinCorp Personal Loan are given below:
- Identity Proof: You need to submit any one of the following documents as identity proof – Passport, PAN Card, Voter ID Card, Aadhar Card or Driving License.
- Address proof: Along with identity proof, you will also have to submit address proof document. This can be in the form of a utility bill (electricity, water, gas), bank statement or rental agreement.
- Work Continuity Ratio:You can submit appointment letter from current employer or experience certificate from previous employer as proof of your work continuity.
Features and Benefits of Hero Fincorp Personal Loan
Hero Fincorp Personal Loan comes with a number of features and benefits that make it an attractive option for borrowers. Some of the key features and benefits of Hero FinCorp Personal Loan include:
- Quick Approval and Disbursement: The approval and disbursement process is quick and efficient, ensuring that you get the funds you need on time.
- Flexible Loan Amount: One of the key features is the flexibility in the loan amount, allowing you to borrow as per your needs. Whether you need a small or large loan, Hero Fincorp can meet your needs.
- Competitive Interest Rates:Hero Fincorp offers competitive interest rates on its personal loans, so you can save money on your loan.
- Flexible Repayment Terms: You can choose from a variety of repayment options depending on your convenience and financial situation making it easier for you to manage your monthly installments as per your financial capabilities.
- No collateral required:You do not need to pledge any security or collateral to avail this loan. It provides financial assistance without putting your assets at risk.
- Various purposes: The funds availed through Hero FinCorp Personal Loan can be used for various purposes such as medical emergencies, education expenses, home renovation or even planning a dream vacation.
- Minimum Documentation: With minimal documentation and hassle-free processes, availing a Personal Loan from Hero Fincorp is convenient and time-saving.
Hero FinCorp Personal Loan Customer Care
If you are a Hero Fincorp Personal Loan customer or looking to avail a loan and you have questions about this loan or need assistance with anything related to your account, Hero Fincorp’s customer care team is available to help. is ready. You can reach them by phone or email, and they will be able to assist you with whatever you need.
The customer service team is available Monday-Saturday 9:30am to 6:30pm. To contact them through Hero Finance loan number, you can call 1800-102-4145 and to reach them by email, send a mail to customer.care@herofincorp.com.