Apply for Personal Loan at Hero Fincorp: Get Amazon Gift Voucher worth ₹1000

New Delhi : Many people rely on Hero Fincorp instant personal loans to deal with emergencies like medical treatment, home repairs, last-minute wedding expenses, foreign trips, small-ticket purchases and higher education costs. The NBFC gets you out of such situations with instant loans up to ₹3 lakh.

The good news is that personal loan applicants will now get an Amazon voucher of ₹1000. Borrowers can use the voucher to purchase anything online from Amazon worth up to ₹1000. Read on to find out more.

What is personal loan?

How do you plan to cope financially with an emergency? The answer to this question can be instant online personal loan. Hero Fincorp is one of the most reputed NBFCs offering competitive interest rates for personal loans with flexible repayment terms. You can borrow up to ₹3 lakh and repay in EMIs. The NBFC offers collateral-free personal loans at competitive interest rates up to 25% per annum and flexible repayment tenures up to 36 months.

Eligibility Criteria for Instant Personal Loan Online

Every finance company has set eligibility criteria for accepting loan applications. Here are the eligibility conditions for instant loan approval at Hero Fincorp:

Indian citizens between 21 and 58 years of age

salaried or self-employed

Minimum monthly income ₹15,000

Work experience of at least six months for salaried individuals and two years for self-employed individuals

Documentation Requirements for Personal Loan Application

Interested borrowers need to submit certain documents to get approval for an instant personal loan. The evaluation process begins after you submit the required documents. The documents required for a personal loan at Hero Fincorp include the following:

Duly filled application form

color passport size photo

Identity Proof: Driving License, Passport, PAN Card, Aadhar Card

Address Proof: Driving License, Passport, Aadhar Card, Ration Card, Utility Bill

For salaried employees:

Proof of address, such as maintenance bill, utility bill, property document, or rent agreement

Income proof, such as last six months salary slip, last six months salary account statement, Form 16 for salaried employees

Proof of continuity of employment, such as appointment letter from current employer or experience certificate from previous employer.

For Self-Employed Professionals:

Proof of ownership of residence, such as maintenance bill, electricity bill, or property document

Proof of business existence, such as shop establishment proof, a copy of tax registration, or company registration certificate

Income proof, such as bank statements for the last six months and ITR for the last two consecutive years

Things to keep in mind while applying for a personal loan

Instant personal loans are great funding options to get funds online for various expenses. However, it is important to keep some things in mind before applying. These include the following:

Interest Rate: Before applying, check the interest rate for personal loans online which can have a significant impact on the overall loan cost.

Repayment Terms: Personal loans have flexible repayment tenure, which means you can choose the tenure as per your EMI affordability and repayment capacity. Use the EMI calculator to determine the tenure with an EMI you can easily repay.

Credit Score: Your credit score is an important factor in determining your eligibility and interest rate for a personal loan. Therefore, it is essential to check and improve your credit score before applying to get the best loan deal.

Additional charges: Be prepared to pay various additional charges for a personal loan, including processing fees, prepayment charges, late payment charges, etc. Understand these fees before you take a loan and make sure they fit into your budget.

Features: When borrowing instant personal loans online look for additional features that can increase your profits. Some of them include discounts on processing fees, concessional interest rates, pre-approved loan offers, etc. One exciting benefit that Hero Fincorp has recently announced is an Amazon voucher worth ₹1000. You can redeem this voucher while shopping on Amazon and buy anything for your loved ones or yourself.

Instant personal loans at Hero Fincorp are useful financial products with attractive interest rates, flexible repayment tenure, easy eligibility requirements and 100% digital loan processes. Evaluate your options carefully and make an informed decision to choose the right loan plan. Additionally, maximize the benefits of Hero Fincorp Personal Loan online by availing Amazon vouchers.