hero fincorp personal loan

Here are a few factors

Product Rating

( 4.5 /5 )

Total - 383 ratings

5
255
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16
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Location PAN INDIA
CIBIL Score 700+
Minimum Salary Per Month 15000/- Per Month
Salary Mode NEFT,RTGS, COMPANY TRANSFER & IMPS if employer Name is mentioned in Bank Statement
Applicant Age 21 Year to 55 Year
Loan Amount & Tenure 50000 to 10 Lac
(12 Month to 60 Month)
Rate of Interest (Type) 9% to 16% (FLAT)
Processing Fees 1% - 3%
Processing Mode & TAT Processing: Online
TAT: 1 Day to 3 Days
Foreclosure Charges NIL
Part Payment Allowed Yes After 6 Month
OD Product No
BT+TopUp No
Minimum Job Experience 6 month 
Current Employer Business Vintage 1 Year
FOIR 65% of Net Salary
Whether Co-Applicant Mandatory No
USP Funding to Defence & Police Employees
Negative Profile 1. NRI Employee
2. Applicant receiving Salary in Cash
3. NGO Employee
4. Gym Employee/Jeweller Employee/Aviation Sector Employee/Tour & Travel/Real Estate

hero fincorp personal loan EMI Calculator

Interest Type

Loan Amount

Interest Rate

%

Loan Tenure

Mo
Loan Amount100,000
Interest %9 %
Tenure (months)12
Emi (monthly)8,745
Total Interest4,942
Loan Amount + Interest104,942
YearTotal Principal
( A )
Total Interest
( B )
Balance
( A + B)
Total Payment Loan Paid Till Date (%)
24,1652,07026,23575,83524.16 %
Oct7,9957508,74592,0057.99 %
Nov8,0556908,74583,95016.05 %
Dec8,1156308,74575,83524.16 %
75,8322,87378,7053100.00 %
Jan8,1765698,74567,65932.34 %
Feb8,2385078,74559,42140.58 %
Mar8,2994468,74551,12248.88 %
Apr8,3623838,74542,76057.24 %
May8,4243218,74534,33665.66 %
Jun8,4872588,74525,84974.15 %
Jul8,5511948,74517,29882.70 %
Aug8,6151308,7458,68391.32 %
Sep8,680658,7453100.00 %
Right Documents - Easy Process

Required Documents to Apply for Hero Fincorp Personal Loan

  • 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

About Hero Fincorp Personal Loan

Instantly apply online for a personal loan from Herofincorp up to Rs. 5 lakh without putting up any security. This personal loan has a 60-month repayment term and requires little paperwork. Hero Finance offers highly competitive personal loan interest rates, and loan foreclosure is also permitted.

Hero Fincorp Customer Care

Contact No. :- 1800 102 4145

Email :- [email protected]

01
Visit Our Website

For the first step, you will have to visit our website to explore the loan options that fit your needs.

02
Select and Apply

Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.

03
Submit Your Document

One of the most important steps. Now you will have to submit all the required documents digitally.

04
Enjoy Your Financial Freedom!

Once your application is approved based on your eligibility, the amount will be disbursed to your account shortly.

Let us take an example, How EMI is being calculated

For instance, if "Shubham" applies for a Personal loan of INR 1 Lacs and get the loan sanctioned at the rate of 15 % with a tenure range of 36 Months , in such a case his EMI would be INR 3,467 and complete repayment amount till the end of 36 Months tenure would be INR 1,24,795 (i.e 3,467 EMI * 36 Months), wherein the total interest amount is INR 24,795 along with principal repayment of INR ₹1,24,795 . Few additional charges like those of minimal one-time processing fee upto 2-3% of loan amount may apply. T& C apply.
Year Principal
(A)
Interest
(B)
Total Payment
(A + B)
Balance Loan Paid To Date
2022 ₹ 11,363 ₹ 5,969 ₹ 17,333 ₹ 88,637 11.36%
Aug ₹ 2,217 ₹ 1,250 ₹ 3,467 ₹ 97,783 2.22%
Sep ₹ 2,244 ₹ 1,222 ₹ 3,467 ₹ 95,539 4.46%
Oct ₹ 2,272 ₹ 1,194 ₹ 3,467 ₹ 93,267 6.73%
Nov ₹ 2,301 ₹ 1,166 ₹ 3,467 ₹ 90,966 9.03%
Dec ₹ 2,329 ₹ 1,137 ₹ 3,467 ₹ 88,637 11.36%
2023 ₹ 30,332 ₹ 11,266 ₹ 41,598 ₹ 58,305 41.70%
Jan ₹ 2,359 ₹ 1,108 ₹ 3,467 ₹ 86,278 13.72%
Feb ₹ 2,388 ₹ 1,078 ₹ 3,467 ₹ 83,890 16.11%
Mar ₹ 2,418 ₹ 1,049 ₹ 3,467 ₹ 81,472 18.53%
Apr ₹ 2,448 ₹ 1,018 ₹ 3,467 ₹ 79,024 20.98%
May ₹ 2,479 ₹ 988 ₹ 3,467 ₹ 76,545 23.45%
Jun ₹ 2,510 ₹ 957 ₹ 3,467 ₹ 74,036 25.96%
Jul ₹ 2,541 ₹ 925 ₹ 3,467 ₹ 71,495 28.51%
Aug ₹ 2,573 ₹ 894 ₹ 3,467 ₹ 68,922 31.08%
Sep ₹ 2,605 ₹ 862 ₹ 3,467 ₹ 66,317 33.68%
Oct ₹ 2,638 ₹ 829 ₹ 3,467 ₹ 63,679 36.32%
Nov ₹ 2,671 ₹ 796 ₹ 3,467 ₹ 61,009 38.99%
Dec ₹ 2,704 ₹ 763 ₹ 3,467 ₹ 58,305 41.70%
2024 ₹ 35,208 ₹ 6,390 ₹ 41,598 ₹ 23,097 76.90%
Jan ₹ 2,738 ₹ 729 ₹ 3,467 ₹ 55,567 44.43%
Feb ₹ 2,772 ₹ 695 ₹ 3,467 ₹ 52,795 47.20%
Mar ₹ 2,807 ₹ 660 ₹ 3,467 ₹ 49,988 50.01%
Apr ₹ 2,842 ₹ 625 ₹ 3,467 ₹ 47,147 52.85%
May ₹ 2,877 ₹ 589 ₹ 3,467 ₹ 44,270 55.73%
Jun ₹ 2,913 ₹ 553 ₹ 3,467 ₹ 41,356 58.64%
Jul ₹ 2,950 ₹ 517 ₹ 3,467 ₹ 38,407 61.59%
Aug ₹ 2,986 ₹ 480 ₹ 3,467 ₹ 35,420 64.58%
Sep ₹ 3,024 ₹ 443 ₹ 3,467 ₹ 32,397 67.60%
Oct ₹ 3,062 ₹ 405 ₹ 3,467 ₹ 29,335 70.67%
Nov ₹ 3,100 ₹ 367 ₹ 3,467 ₹ 26,235 73.76%
Dec ₹ 3,139 ₹ 328 ₹ 3,467 ₹ 23,097 76.90%
2025 ₹ 23,097 ₹ 1,169 ₹ 24,266 ₹ 0 100.00%
Jan ₹ 3,178 ₹ 289 ₹ 3,467 ₹ 19,919 80.08%
Feb ₹ 3,218 ₹ 249 ₹ 3,467 ₹ 16,701 83.30%
Mar ₹ 3,258 ₹ 209 ₹ 3,467 ₹ 13,443 86.56%
Apr ₹ 3,298 ₹ 168 ₹ 3,467 ₹ 10,145 89.86%
May ₹ 3,340 ₹ 127 ₹ 3,467 ₹ 6,805 93.19%
Jun ₹ 3,381 ₹ 85 ₹ 3,467 ₹ 3,424 96.58%
Jul ₹ 3,424 ₹ 43 ₹ 3,467 ₹ 0 100.00%
Leave Your Question

FREQUENTLY ASKED QUESTIONS

Hero Fincorp offers personal loans to help meet urgent needs for money. Such needs can be for various purposes, such as marriage, travel, shopping, etc.

When you need credit, you apply for a personal loan from Hero Fincorp. The lender verifies and accepts your loan application when you submit it to them. The loan money is then transferred to your bank account. You must reimburse the lender via EMls for the duration of the loan repayment period after receiving the loan amount.

You can change your mailing address for the Hero Fincorp personal loan by visiting the nearest branch or contacting our customer care and following the simple process. You will be required to carry any of your address proof along.

If you would like to close/foreclose on your loan, you must contact Hero Fincorp with all your documentation, including identification and address documents. They will verify all your documents, issue a No Objection Certificate stating no outstanding balance, and help you close/foreclose the loan.

Yes, you need to provide my Income proof to get a personal loan from Fincorp.

The minimum ROI of Hero Fincorp Personal Loan is 9.5% per annum

The minimum ROI of Hero Fincorp Personal Loan is 16% per annum

The highest loan amount you can avail with Hero Fincorp Personal Loan is Rs. 10 Lacs

The minimum loan amount you can avail of with Hero Fincorp Personal Loan is Rs. 50,000. 

The processing fee for Hero Fincorp’s Personal loan is between 2.5% of your loan amount.

The minimum repayment tenure of Hero Fincorp's Personal Loan is 12 months.

The maximum repayment tenure of Hero Fincorp's Personal loan is 60 months

Yes, you can apply for a Hero Fincorp Personal Loan anywhere from India as it holds a PAN India access

The minimum required salary to apply for a Hero Fincorp Personal Loan is Rs. 15,000 Monthly. 

To apply for Hero Fincorp Personal Loan your Minimum CIBIL score must be 700

No, to apply for  Hero Fincorp Personal Loan your Minimum CIBIL score must be  700

Yes, to apply for Hero Fincorp Personal Loan your Minimum CIBIL score must be  700

You can go to the official website of Hero Fincorp or you can also switch to ReferLoan for an easy and smooth loan application process.

No, Hero Fincorp doesn’t allow Personal Loan to minus Cibil holders. 

The minimum required age to apply for a Hero Fincorp Personal Loan is 21

The maximum required age to apply for a Hero Fincorp Personal Loan is 55

Yes, Hero Fincorp does offer funding to the Proprietorship Firm Employees.

Yes, Hero Fincorp does offer funding to the Partnership Firm Employees

If you are planning to apply for a Hero Fincorp Personal Loan, your minimum employment period must be 6 months.


The minimum vintage of the applicant’s employer must be 2 years to apply for a Hero Fincorp Personal Loan

No, it is not mandatory to provide a Co-applicant to apply for Hero Fincorp Personal Loan

No, Hero Fincorp doesn’t fund NRIs for Personal Loans.

The job profile of Aviation is considered a negative profile in Hero Fincorp's Personal Loan.

No, the job profile of the Real Estate Profession is considered a negative profile in Hero Fincorp's Personal Loan.

No, people working in a mall are considered as a negative profile in Hero Fincorp’s Personal Loan. 

No, jewelers are considered as a negative profile in Hero Fincorp’s Personal Loan.

No, people working in an SPA or Salon section are considered as a negative profile in Hero Fincorp Personal loan.


No, people working as gym instructors are considered as a negative profile. 

Hero Fincorp's personal loan allows prepayment after 6 months 

The foreclosure interest on Hero Fincorp's Personal loan is 4% applicable after 6 months. 

No, police officers are not eligible to apply for Hero Fincorp Personal Loan.

Yes,  MCD employees are applicable to apply for the Hero Fincorp Personal Loan

Yes, You can apply for a Hero Fincorp Personal Loan if you receive your salary through NEFT

Yes, You can apply for a Hero Fincorp Personal Loan if you receive your salary through RTGS

Yes, You can apply for a Hero Fincorp Personal Loan if you receive your salary through IMPS. Although the name of the company must be mentioned. 

Yes, You can apply for a Hero Fincorp Personal Loan if you receive your salary through Company Transfer. 

No, you can’t apply for a Hero Fincorp Personal Loan if you are receiving our salary in cash.

No, you can’t apply for a Hero Fincorp Personal Loan if you are receiving our salary through UPI. 

  Hero Fincorp takes 3 days for the disbursement of a personal loan

Hero Fincorp takes 1 day for the confirmation of a personal loan

  Yes, you can apply for Hero Fincorp Personal Loan online