A personal loan is an all-in-one solution for all of your necessary financial demands, including unexpected medical bills, wedding day expenses, education costs, and other bills. It is an unsecured type of borrowing, which means that no security is required.
When you take out a personal loan, you must repay the principal amount plus interest over a predetermined period of time. However, when applying for a personal loan, you should be informed of the many forms of personal loan interest rates as well as the variables that influence them.
| Personal Loan Highlights | |
| Interest Rate | 11% p.a. onwards |
| Loan Amount | Up to Rs 10 Lakhs |
| Tenure | Up to 5 years |
| Minimum Monthly Salary | Rs 15,000 |
| Processing Fee | 1% – 3% |
Advantages and Features of Hero FinCorp Personal Loan
- After you provide all of the relevant documentation, your Hero FinCorp loan will be granted within a few minutes.
- The loan amount can be utilized for house improvements, family gatherings, occasions such as weddings, excursions, purchasing goods, emergency medical therapies, and other personal monetary requirements.
- The loan amount ranges from 50,000 to 10 lakhs.
- The interest rate on a Hero FinCorp personal loan might reach a maximum of 16% per year.
- Repayment terms of up to 60 months are available.
- Loan foreclosure is permitted.
- Interest rates for collateral-free personal loans are reasonable.
- Online processing is simple and swift.
- Loan approval in seconds with minimal documents.
- There are no hidden fees.
- Excellent client service.
- Hero FinCorp loan status is sent quickly via SMS or email.
Eligibility Criteria for Hero FinCorp Personal Loan
- When asking for a loan, someone with a job must be at least 21 years old.
- When a loan matures, a person’s maximum age may not exceed more than 55 years.
- The individual applying must have worked for the present company for at least six months.
- A monthly income of at least Rs. 15,000 is required.
- Credit score is another important component that influences personal loan interest rates. So, just before applying for a loan, verify your credit score.
- A 700+ credit score is needed at least.
Documents Necessary to Apply for Hero FinCorp Personal Loa
- KYC of Applicant (Adhar Card+Pan Card+Passport Size Photo)
- Last 3 month Salary Slip
- Last 6 month Bank Statement in PDF
- Form 16 of last 2 year
- Rent Agreement if rented or Utility Bill if residence is owned
- Sanction Letter of all current running loan if any
- Office ID Card or Official EMAIL ID if any
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How to apply for Hero FinCorp Personal Loan online
Hero FinCorp personal loans can be received using a number of sources, including:
- Online Application
- Get the form from the official portal.
- Reaching to their Customer Support Contact Numbers
Check here how to reach out them
Call 1800-102-4145 from 9:30 a.m. to 6:30 p.m., Monday through Saturday, or send an email to customer.care@herofincorp.com.
For your Convenience and ease, you can use the Fintech platforms like Refer Loan. Where you can easily connect with your preferred Banks as well as NBFCs.
How can you apply for a personal loan through Refer Loan’s Website?
If you are looking for a seamless process to avoid the lengthy process, you can apply easily through Refer Loan’s website.
1) Once you’ve finished reviewing the details, charges, and necessary documentation for personal loans, confirm eligibility.
2) You’ll be taken to the application page. Enter the basic information requested.
3) Select Eligible Offers to see the lender’s offers that are accessible to you based on what you’re eligible for.
4) Select Next.
5) An OTP will be sent to your mobile device. For authentication, input this OTP.
6) Send in your application.
Conclusion
Situations don’t always work in your favour; you’ll experience swings and turns in your economic situation, and that is where a personal loan steps into the picture and plays a significant role as a means of bringing you out of the financial pinch. Thus, we strongly advise needy people to prioritize their needs when taking out a personal loan.