Instant Loan Amount:
Get the Rs 1.5 lakh you need to cover larger expenses, from unexpected bills to dream vacations.
Personal Loan EMI Calculator
Get a ₹ 1.5 Lakhs Personal Loan Instantly
A Personal Loan is a blessing for anyone looking for urgent cash for any personal need. Whether you need help with wedding expenses, home renovation, higher education, or debt consolidation, a Personal Loan can help you with many things.
Usually, people apply for an instant Personal of Rs 1.5 Lakh. While we can approve an instant loan of up to Rs 5 Lakh online, eligible applicants can quickly get approved for Rs 1.5 Lakh Personal Loan.
Hero FinCorp enables salaried and self-employed individuals to apply for instant loans with competitive interest rates and flexible repayment tenures without collateral.
Just check your eligibility, calculate your EMIs using the personal loan calculator, and apply on the Hero FinCorp loan app or website to get quick approval and instant disbursal.
Why Opt for ₹ 1.5 Lakh Personal Loan?
A Personal Loan of Rs 1.5 lakh can be a helpful financial tool for unexpected expenses or short-term goals. This loan amount can help cover medical bills, home repairs, or even an international vacation. With our flexible repayment options, you can break down the 1.5 lakh Personal Loan EMI into affordable monthly instalments, making it easier to budget and avoid financial strain.
EMI for Personal Loan of ₹ 1.5 Lakh for upto 3 Years
At Hero FinCorp, we offer a minimum tenure of 12 months to make it simpler for you to manage your 1.5 lakh Personal Loan EMI. And if you would like to spread your repayment over a year or two, we also have a maximum tenure of 36 months. Check out the table below for more insights:
| Loan Amount (Rs) | Tenure (in Months) | Interest Rate* (%) | Monthly EMI (Rs) | Total Interest | Total Amount Payable |
| ₹ 1,50,000 | 12 | 19% | ₹ 13,823 | ₹ 15,882 | ₹ 1,65,882 |
| ₹ 1,50,000 | 18 | 19% | ₹ 9,643 | ₹ 23,565 | ₹ 1,73,565 |
| ₹ 1,50,000 | 24 | 19% | ₹ 7,561 | ₹ 31,471 | ₹ 1,81,471 |
| ₹ 1,50,000 | 30 | 19% | ₹ 6,320 | ₹ 39,597 | ₹ 1,89,597 |
| ₹ 1,50,000 | 36 | 19% | ₹ 5,498 | ₹ 47,943 | ₹ 1,97,943 |
Features and Benefits of Personal Loan of ₹ 1.5 Lakh
Unlock flexibility with a Personal Loan. Explore features & benefits of a Rs 1.5 lakh loan:
Attractive Interest Rate:
Enjoy competitive rates of up to 19% per annum to make your loan repayment manageable.
Collateral-Free:
There is no need to pledge assets; get collateral-free loans based on your creditworthiness.
Flexible Repayment Tenure:
Choose a flexible repayment tenure of 12-36 months that fits your budget.
Instant Approval:
Get a fast decision on your loan application and receive funds within minutes of approval.
Eligibility Criteria of Personal Loan for ₹ 1.5 Lakh
To qualify for Rs 1.5 lakh loan, applicants must meet the following criteria:
Age
Be between 21-58 years.
Citizenship
Being an Indian resident citizen is a must.
Work Experience
Minimum work experience for salaried employees is 6 months and 2 years for self-employed.
Monthly Income
Minimum income requirements of Rs 15,000 per month.
Documents Required of Personal Loan for ₹ 1.5 Lakh
We at Hero FinCorp have a paperless loan application for a 1.5 lakh Personal Loan. The documentation might differ since we offer Personal Loans to salaried and self-employed individuals. Let’s take a look:
Documents required for Salaried
Mandatory Documents
Duly filled application form, Passport-size photograph
Identity Proof
Driving License, Passport, PAN Card, Aadhaar Card (Any One)
Address Proof
Driving License, Passport, Aadhaar Card, Ration Card, Utility Bill (Any One)
Ownership Proof
Residence Ownership Proof (Electricity Bill, Maintenance Bill, Property Document)
Income Proof
Last 6 Months Salary Slips, Bank Statements and Form 16
Documents required for Self Employed
Mandatory Documents
Duly filled application form, Passport-size photograph
Identity Proof
Driving License, Passport, PAN Card, Aadhaar Card (Any One)
Address Proof
Driving License, Passport, Aadhaar Card, Ration Card, Utility Bill (Any One), Office Address Proof (if applicable)
Ownership Proof
Business Existence Proof (Tax Registration, Shop Establishment Proof, Company Registration Certificate)
Income Proof
Last 6 Months' Bank Statements and ITR for 2 Years
Personal Loan Interest Rates for ₹ 1.5 Lakhs
At Hero FinCorp, we understand that unexpected expenses can arise. That's why we offer Rs 1.5 lakh Personal Loans with a hassle-free application process that minimises paperwork. Plus, we offer competitive interest rates to make repayment manageable.
However, it's important to consider additional fees beyond the interest rate to determine your total loan cost. Here's a quick breakdown:
How to Apply for a Personal Loan for ₹ 1.5 Lakhs?
To secure a loan of 1.5 lakh from Hero FinCorp, here are a few steps you need to follow:
- 1
Download and install the Hero FinCorp Instant Personal Loan app.
- 2
Register using your mobile number.
- 3
Enter a few necessary details like your personal, professional, employment, and financial information.
- 4
Scan and upload the required documents, including your identity, address, and income proofs.
- 5
Get approval with a loan offer after the verification.
- 6
Accept the loan offer to initiate the disbursal process.
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