When you need funds, instead of dipping into your savings, you can opt for a short-term loan from Hero FinCorp. These unsecured loans help cover small financial needs without pledging an asset as collateral. Whether you face an emergency or want funds to achieve your goals or dreams, a Personal Loan from Hero FinCorp can help you stay afloat. Read on to know how.
Short-Term Needs You Can Cover with a Personal Loan
Here are a few expenses you can cover with a Personal Loan:
- Organise a Wedding: If you're short on funds for a last-minute wedding expense, consider covering the gap with a Hero FinCorp Personal Loan of up to Rs 5 lakh, offering quick and flexible financial support.
- Travel Abroad: Foreign trips are no longer a luxury that only a few can afford. If you plan to travel abroad solo or with family or friends, cover the travel expenses with a Personal Loan and distribute its cost into EMIs.
- Home Renovation: If you wish to improve the condition and value of your home, plan for a home renovation. Upgrading the house is fun and prepares it for the next few years' family needs. However, taking a short term loan would be a smart move if you are short of funds.
- Medical Treatment: Do you want an elective procedure like cosmetic surgery, IVF treatment, or dental implant? If you are falling short of money, a Personal Loan can help you stay afloat by distributing the cost into EMIs.
- Higher Education: If you're planning to attend a foreign university, you can manage the costs with a Hero FinCorp Personal Loan. Offering competitive interest rates and flexible repayment tenures, it is considered as one of the best Personal Loan in India for educational purposes.
Features and Benefits of a Short Term Loan from Hero FinCorp
Here's a look at the features and benefits of Hero FinCorp Personal Loans:
- Ample Loan Amount: Hero FinCorp provides short-term Personal Loans of up to Rs 5 Lakh. This amount is sufficient to cover most planned and unplanned expenses.
- Easy Online Application: You don't need to visit the lender's office to submit the application or documents. You can complete the application process from the comfort of your home using your smartphone.
- Instant Approval: You can get instant approval if you meet the loan eligibility and documentation requirements.
- No Collateral Requirement: Hero FinCorp Personal Loans are unsecured. You can obtain them without any security, guarantor, or collateral.
- Flexible Repayment: You can choose a repayment term of up to 36 months to repay the loan in easy instalments.
Easy Eligibility Criteria to Obtain a Short-Term Loan
When applying for a Personal Loan from Hero FinCorp, you must fulfil the following eligibility conditions to qualify:
- 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
Documents Required to Apply for a Personal Loan
You will require the following documents to apply for a Personal Loan at Hero FinCorp:
- Mandatory Documents: Dully filled application form and passport-sized coloured photograph
- Identity Proof: Passport, PAN card, Aadhaar card, driving license
- Address Proof: Passport, Aadhaar card, driving license, utility bill, ration card
For Salaried Employees:
- Home Ownership Proof: Property documents, electricity bills, maintenance bills
- Income Proof: Form 16, last six months' bank account statements of the salary account, previous three months' salary slips
- Job Continuity Proof: Current employer's appointment letter, previous employer's experience certificate
For Self-Employed Professionals:
- Office Address Proof: Rent agreement, property documents, utility bills, maintenance bill
- Income Proof: Last two years' income tax returns, last six months' bank statement
- Business Existence Proof: Company's registration certificate, shop establishment proof, copy of tax registration
Stepwise Procedure to Apply for a Personal Loan
Follow these steps to borrow a short term loan at Hero FinCorp:
- Download the Hero FinCorp app from the Play Store.
- Choose your desired loan amount and preferred EMI plan.
- Enter your Name, Income, Loan Purpose, and PAN Card number.
- Verify your identity by completing the KYC process.
- Enter your bank account details for loan disbursement.
- Get real-time loan approval.
- Digitally sign the eMandate and loan agreement.
- The approved loan amount will be credited directly to your bank account.
A short-term loan can help you stay afloat during financial shortfalls. You can use the loan funds for any purpose, including a medical emergency, home renovation, education, or travel plan. At Hero FinCorp, you can borrow a Personal Loan of up to Rs 5 lakh at interest rates and flexible repayment terms of up to 36 months.
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 information provided on the Website does not constitute investment advice, financial advice, trading advice, or any other form of advice, and you should not interpret any of the financial content as such. Please conduct your own due diligence and consult with a financial advisor before making any investment decisions. Midday does not endorse or promote any such activities, and you access them at your own risk, fully understanding the monetary and legal consequences involved. Midday shall not be held responsible for any losses you may incur as a result of using any such apps or websites.
