Business

All That You Need About Personal Loan – Ultimate Guide

Personal Loan

Personal loans are essentially multipurpose in nature. They can be used for a multitude of causes like small medical emergencies, home renovation, a wedding, a trip, and many more. Furthermore, at Hero FinCorp you can get a personal loan up to Rs. 5 lakhs and use it for any purpose you want. Use a personal loan interest calculator – calculate your interest payments schedule and you will be all set to go! It is one of the most convenient loans which is easily available and hence is rightfully considered an absolute saviour in times of crisis.

Features of Personal Loan

The personal loans at Hero FinCorp are characteristic of a lot of beneficial features –

High loan amount – At Hero FinCorp you can get a personal loan amounting from Rs. 50,000 to Rs. 5 lakhs. This range of loan amounts can cater to all your small-big financial needs.

Loan can be used for varied reasons – Be it a trip that needs relatively less money or the wedding of your son, for which you have made extensive plans and need additional funds – a personal loan from Hero FinCorp has got you covered.

Low-interest rates – We at Hero FinCorp offer personal loans at an extremely competitive interest rate. You can easily calculate your interest payment using a personal loan interest calculator, available on our page.

Foreclosure of loan allowed – Foreclosure of loan means full repayment of the debt in one single payment. Thus, if you can and want, you can clear your debt dues in one go and be relieved of the lending. Use a personal loan interest calculator and know your repayment schedule.

Collateral-free loan –If personal loans were to be taken against collateral, then one ends up being in another financial stress. We at Hero FinCorp offer collateral-free loans thereby ensuring your financial prudence without any additional load.

Advantages of Buying Personal Loan from Hero FinCorp

Why you should choose Hero FinCorp?

Minimum documentation – You don’t have to submit bundles of documents in order to get a personal loan from Hero FinCorp. We keep the documentation bare minimum. You need to submit some rudimentary documents only.

Quick and hassle-free – The loan application and approval process are all done online. You can apply for your loan at your convenience and get your loan approved with a click. Getting a loan from Hero FinCorp is as easy as it can be.

Flexible tenure – For a personal loan, the repayment tenure is as high as 60 months i.e., 5 years. This helps a borrower to easily pan out their repayment schedule. Click into a personal loan interest calculator and plan your repayment with a long flexible tenure.

Prompt customer service – We have a whole dedicated team of customer service executives who are ever-ready to help you with all your doubts and queries. If you come across any difficulty or hiccups in the loan processing, our team is there to help you. 

Smooth connectivity – You can connect with us as and when you wish. We have a customer care helpline which you can use at any given time for your perusal. Apart from that, all relevant as well related information is intimated through       SMS alerts and emails.

Eligibility Criteria for Personal Loan

In case of a sudden need for financial resources, running from pillar to post can be an extremely stressful thing. It is always better to stay aware of the eligibility criteria beforehand.

  • You must be a citizen of India in the age bracket of 21 to 58 years.
  • If you are a salaried individual, you must be in a job for at least 6 months.
  • If you are a self-employed individual, you must be in your current business or profession for at least 2 years.
  • You must earn a monthly income of at least Rs.15,000.
  • The maximum loan amount is Rs. 5 lakhs and the maximum tenure is 60 months.

Necessary Documents

Below is the list of documents that you will need to submit to get a personal loan from Hero FinCorp –

  • KYC documents: Identity and address proof.
  • Proof of income: Last 6 months’ bank statement or salary slips.
  • Photograph: One recent passport-size photograph.
  • Other documents: Aadhar Card and PAN Card.

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