Affordable & easy personal loan offering from Hero Fincorp. Get a loan up to 5L with a lower rate of interest.
Hero Fincorp is an NBFC company that provides quick personal loans with minimum documents.
In this post, you will discover Hero Fincorp Personal Loan details.
Hero Fincorp Personal Loan Quick Recap
| Interest rate | 11%-14% per annum |
| Loan Amount | From 50,000 to 5 lakh |
| Credit Score | Minimum 650 or above |
| Loan Tenure | From 1 year to 5 year |
| Eligibility Age | 21 to 58 years |
| Income Required | Rs. 15000/- Per month |
| Processing Fees | Decide by Bank/NBFC |
| Who Can Apply | Self-Employed/ Salaried Person |
Also Read: How to select best personal loan borrower
What is Personal Loan?
An unsecured loan provides through NBFC/Banks for personal uses. You can get a personal loan with fewer documents. This lender’s money can be used for any valid financial necessity. You must return it according to the bank’s set terms, just like any other loan.
Hero Fincorp Personal Loan Benefits
- Low-Interest Rate
- Higher loan amounts up to 5 lakh
- Quick & Easy process
- Apply Online or Offline
- Minimum documents required
- Long repayment tenure 12 to 60 months
- No hidden fees
- Fully digital process
Also Read: Money View Personal Loan
Hero Fincorp Interest Rate, Fees & Charges
| Interest rate | 11% to 14% per annum |
| Processing fee | As described in the Sanction letter |
| Bounce Charges | 5000+ GST (per transaction) |
| Minimum Loan Tenure | 12 month |
| Maximum Loan Tenure | 60 month |
Hero Fincorp Personal Loan Eligibility
- Should be Indian Citizen
- Age should be between 21 to 58 years
- Minimum monthly income required at least Rs. 15,000/-
- Good Credit History & Cibil score required
- An applicant who has never been in financial default before.
- At least 6 months employee for Salaried Person.
- 2 years of business required for Self Employed.
Also Read: Au Small Bank Personal Loan
Documents Required for Hero Fincorp Loan
- KYC documents like Pan Card/ Aadhaar Card/ Passport etc.
- 6 months bank statement
- One passport-size photo
- 3-month salaried slip for Salaried Person.
- 2 years IT file (Income Tax File) & Trade License for Self Employed.
- Electricity bill / Gas bill for Address proof.
- Nominee KYC documents (Pan Card, Aadhaar Card) required.
How many loans Amount Hero Fincorp Provides
You will get Rs. 50,000 to 5 lakh personal loans from Hero Fincorp. Also, apply for an instant personal loan from the Simply Cash app, powered by Hero Fincorp.
Simply Cash offers up to 1.5 lakh personal loans.
Uses of Hero Personal Loan
You can use your approved personal loan in different categories:
- Home Renovation
- Pay Medical Expenses
- Family Function Expenses
- Wedding Costs
- Shopping Bills Expenses
- Travel related costs
Also Read: Improve personal loan Eligibility
How to Apply for Hero Fincorp Personal Loan
Step 1 Go to the Hero Fincorp site & fill in the basic details.
Step 2 Verify your mobile no & email id through OTP.
Step 3 Upload the required documents that are mentioned above.
Step 4 Finally, submit your documents.
Hero Fincorp Personal Loan Customer Care Number
You can contact Hero fin corp personal loan customer care through the following steps:
Customer Care Phone No: 1800-102-4145
Email id: [email protected]
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