Hero FinCorp is one of India’s leading non-banking financial companies (NBFCs) that offers various loan products for personal and business needs. Whether you need funds for home renovation, wedding, travel, medical emergency, or any other purpose, Hero FinCorp has a loan solution for you.
In this article, we will explain how to apply for Hero FinCorp personal loan online, what are the eligibility criteria, interest rates, documents required, and other details. We will also cover some of the special features of Hero FinCorp personal loan, such as loyalty personal loan, housing finance, and online payment options.
What is Hero FinCorp Personal Loan?
Hero FinCorp personal loan is an unsecured loan that you can avail without any collateral or guarantor. You can borrow up to Rs. 5 lakh for a tenure of up to 5 years, depending on your eligibility and repayment capacity.
Hero FinCorp offers two types of personal loans: Jumbo Personal Loan and Instant Personal Loan. Jumbo Personal Loan is for loan amounts up to Rs. 5 lakh and repayment tenures up to 5 years. Instant Personal Loan is for loan amounts up to Rs. 1.5 lakh and repayment tenures up to 2 years.
Hero FinCorp personal loan interest rate ranges from 12% to 25% per annum, depending on your credit profile, loan amount, and tenure. The processing fee is 2.5% of the loan amount plus taxes as applicable.
What are the Benefits of Hero FinCorp Personal Loan?
Hero FinCorp personal loan has several benefits that make it an attractive option for borrowers. Some of the benefits are:
- Minimal documentation and instant approval
- Flexible tenures and easy repayment options
- No hidden charges and competitive interest rates
- Quick and hassle-free online processing
- Prompt customer service
- Loyalty personal loan for existing customers of Hero FinCorp
- Housing finance for buying or constructing your dream home
How to Apply for Hero FinCorp Personal Loan Online?
Applying for Hero FinCorp personal loan online is a simple and convenient process. You can follow these steps to apply for Hero FinCorp personal loan online:
- Visit the official website of Hero FinCorp here and click on “Apply Now” under the “Personal Loan” section.
- Fill in the application form with your basic details such as name, income, purpose of loan, PAN card number, etc.
- Upload the required documents online such as ID proof, address proof, income proof, bank statement, etc.
- The Hero FinCorp personal loan team will contact you to complete the application process and verify your details.
- Once your application is approved, you will receive a loan agreement that you need to sign digitally.
- The loan amount will be disbursed directly to your bank account within 24 hours.
What are the Eligibility Criteria for Hero FinCorp Personal Loan?
To be eligible for Hero FinCorp personal loan, you need to meet the following criteria:
- You must be an Indian citizen residing in India
- You must be between 21 and 58 years of age
- You must be employed for at least 6 months with a minimum income of Rs. 15,000 per month
- You must have a good credit history and repayment track record
What are the Documents Required for Hero FinCorp Personal Loan?
The documents required for Hero FinCorp personal loan are:
- PAN card
- Aadhaar card or any other ID proof
- Address proof such as electricity bill, rent agreement, etc.
- Income proof such as salary slip, bank statement, etc.
- One passport size photograph
What are the Features of Hero FinCorp Loyalty Personal Loan?
Hero FinCorp loyalty personal loan is a special offer for existing customers of Hero FinCorp who have availed loans to purchase two-wheelers from Hero MotoCorp. Customers with good track record of repayment are offered a top-up loan called loyalty personal loan.
Loyalty personal loan is a pre-approved loan at very competitive interest rates and flexible tenures. You can borrow up to Rs. 3 lakh for a tenure of up to 4 years with minimal documentation and quick disbursal.
To apply for loyalty personal loan, you need to fill in the application form online and submit it with your loan account number or application ID.
What are the Features of Hero FinCorp Housing Finance?
Hero FinCorp housing finance is a subsidiary of Hero FinCorp that provides hassle-free home loans across India. You can avail home loans for buying or constructing your dream home with Hero FinCorp housing finance.
Some of the features of Hero FinCorp housing finance are:
- Loan sanctioned in 48 hours
- Localized collateral policy
- Loans up to 90% of collateral value
- 24*7 customer support
- Crisil and ICRA AA+ rated
- Featured in Economic Times Edge best BFSI brands of 2023
To apply for Hero FinCorp housing finance, you need to visit the official website here and fill in the application form online.
How to Pay Hero FinCorp Personal Loan EMI Online?
You can pay your Hero FinCorp personal loan EMI online through various modes such as e-wallet, internet banking, cash card, debit card, or UPI. You can visit the online payment page and select your preferred mode of payment. You need to enter your loan account number or application ID and the amount you want to pay. You will receive a confirmation message and an email after the payment is successful.
Q: What is the customer care number of Hero FinCorp?
A: You can contact the customer care of Hero FinCorp at 1800-103-5271 or email at email@example.com.
Q: How can I check my Hero FinCorp personal loan status online?
A: You can check your Hero FinCorp personal loan status online by visiting the customer portal and logging in with your loan account number or application ID. You can also download the Hero FinCorp customer app from the Google Play Store and check your loan status on your mobile phone.
Q: Can I prepay or foreclose my Hero FinCorp personal loan?
A: Yes, you can prepay or foreclose your Hero FinCorp personal loan after paying a minimum of 6 EMIs. The prepayment or foreclosure charges are 5% of the outstanding principal amount plus taxes as applicable.
Q: Can I get a top-up loan on my existing Hero FinCorp personal loan?
A: Yes, you can get a top-up loan on your existing Hero FinCorp personal loan if you have a good repayment history and credit score. The top-up loan amount and interest rate will depend on your eligibility and current loan status.
Q: What are the late payment charges for Hero FinCorp personal loan?
A: The late payment charges for Hero FinCorp personal loan are 2% per month on the overdue amount plus taxes as applicable.