Here are a few factors
|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:
TAT: 1 Day to 3 Days
|Part Payment Allowed||Yes After 6 Month|
|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|
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 %||9 %|
|Emi (monthly)||₹ 8,745|
|Total Interest||₹ 4,942|
|Loan Amount + Interest||₹ 104,942|
|Year||Total Principal |
( A )
|Total Interest |
( B )
( A + B)
|Total Payment||Loan Paid Till Date (%)|
|₹ 24,165||₹ 2,070||₹ 26,235||₹ 75,835||24.16 %|
|₹ 75,832||₹ 2,873||₹ 78,705||₹ 3||100.00 %|
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.
Get Started With Hero Corp Loan in Just a Few Steps
Visit Our Website
For the first step, you will have to visit our website to explore the loan options that fit your needs.
Select and Apply
Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.
Submit Your Document
One of the most important steps. Now you will have to submit all the required documents digitally.
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 calculatedFor 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.
(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%|
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