Hero Instant
Hero Instant
Interest rate Minimum
5 P.A
Interest rate Maximum
30000 P.A
Age Group
25
CIBIL score
750+
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Features
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Loan Amount: You can borrow from ₹50,000 up to ₹5 Lakhs.
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Repayment Tenure: Flexible EMIs ranging from 12 months to 36 months (1 to 3 years).
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Interest Rates: Starts from 18% per annum. The final rate depends on your credit profile and income.
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Processing Fees: Typically starts around 2.5% of the loan amount + GST.
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Turnaround Time: Known for its speed, the process is 100% digital and offers instant approval within 10 minutes once your details are verified.
Eligibility
To qualify for a Hero FinCorp instant personal loan, you need to meet these basic requirements:
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Age: Between 21 and 58 years old.
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Citizenship: Must be an Indian citizen.
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Minimum Income: You must earn a minimum of ₹15,000 per month.
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Employment Type: * Salaried: Need a minimum of 6 months of work experience.
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Self-employed: Need a minimum of 2 years of stable business operations.
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Credit Score: A CIBIL score of 725 or above is generally preferred for instant approval.
Documents Required
The application process is entirely paperless, so you only need to upload digital copies of the following:
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Identity Proof: PAN Card, Aadhaar Card, Passport, or Driving License. (PAN and Aadhaar are usually mandatory for the digital KYC).
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Address Proof: Aadhaar Card, Utility Bill, or Rent Agreement.
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Income Proof: * For Salaried: Last 6 months’ bank statements and salary slips (or Form 16).
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For Self-employed: Last 6 months’ bank statements and ITR for the last 2 years (along with business existence proof like GST registration or shop establishment certificate).
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