A short-term personal loan is an unsecured loan you can use to cover various needs, such as a vacation, medical emergency, home renovation, higher education, debt consolidation, and more.
Hero FinCorp is one such loan app offering loans without any collateral or security. It helps you bridge the financial gaps for life’s various immediate needs.
The loan app offers instant personal loans in a 100% digital and paperless manner. Download it from the app store and apply for the required funding from the comfort of your home.
Immediate needs to cover with a personal loan
The thing about Hero FinCorp is that it offers personal loans. You can cover various immediate needs with a short-term instant personal loan from Hero FinCorp.
- Medical emergency: A medical emergency may happen at any time. Considering the increasing healthcare costs in India, you might need an instant loan to cover the medical bills without hassle.
- Last-minute wedding expenses: An instant loan can be a great source of funding if an unexpected expense arises during a wedding event. Be it the venue, caterer, decorator, photographer, or wedding outfit, a short-term loan can cover the expense without hassle.
- Education costs: Is the fee submission deadline approaching, and do you need financial support to make the payment? A short-term loan can provide funds almost instantly.
- Urgent home repair: Whether you want to repair a leaky roof or a burst pipe, a short-term loan can provide the required funds at the right time.
- Instant travel plan: Are you planning a foreign trip with family or friends? Do you need to travel urgently for business purposes? A short-term loan covers the cost and distributes it into easy monthly installments.
Apart from these, many individuals also borrow money to consolidate their debt, purchase an expensive gadget, or set up a business without hassle.
Benefits you get with a personal loan
Hero FinCorp is considered among the loan apps offering hassle-free personal loans. They offer multi-faceted benefits to the borrowers, including the following:
- Instant loan amount: You can borrow an instant loan of up to Rs 5 Lakh, depending on your requirements and repayment capacity.
- Competitive interest rates: The loan interest rates at Hero FinCorp are up to 19% per annum.
- Low processing fees: The loan processing charges are around 2.5% plus taxes.
- Flexible repayment terms: Depending on your EMI affordability, you can choose a repayment tenure of up to 36 months.
- Instant Approval: Thanks to the 100% digital loan procedure, the app verifies information and instantly approves loans. .
Simple eligibility criteria for loan application
Hero FinCorp has straightforward eligibility criteria to qualify for a short-term personal loan. The eligibility conditions include the following:
- Citizenship: Indian citizenship
- Age: 21-58 years
- Occupation: Salaried employees and self-employed professionals
- Minimum Income: Rs 15,000 per month
- Work Experience: Six months for salaried and two years for self-employed
Stepwise procedure to apply for a personal loan at Hero FinCorp
Hero FinCorp has a 100% digital loan procedure that you can complete from your smartphone. These are the simple steps to follow:
- Install the Hero FinCorp loan app from the Play Store
- Choose the loan amount and preferred EMI
- Enter the required details, the purpose of the loan and the PAN number
- Complete your KYC process
- Input your bank account details
- Get real-time approval of the loan
- Digitally sign eMandate and loan agreement
- Receive the loan amount in your account
Hero FinCorp has been a lending partner offering different types of credit products in India since 1996. With thousands of retail financing and corporate clients across the nation, it is a preferred lending institution for many. If you need funding for life’s immediate needs, you can apply using their app for the loan borrowing experience.
Disclaimer: The information provided in this blog post is intended for informational purposes only. The content is based on research and opinions available at the time of writing. While we strive to ensure accuracy, we do not claim to be exhaustive or definitive. Readers are advised to independently verify any details mentioned here, such as specifications, features, and availability, before making any decisions. Hero FinCorp does not take responsibility for any discrepancies, inaccuracies, or changes that may occur after the publication of this blog. The choice to rely on the information presented herein is at the reader’s discretion, and we recommend consulting official sources and experts for the most up-to-date and accurate information about the featured products.
Disclaimer – The above content is non-editorial, and TIL hereby disclaims any and all warranties, expressed or implied, relating to it, and does not guarantee, vouch for or necessarily endorse any of the content.
