How can I get an Instant 1,50,000 Loan

An instant personal loan is a multi-purpose loan acquired for various purposes. It is very useful in times of crisis or any kind of medical emergency. Maximum loan amount depends upon the emergency situation and nature of work. However, for quick loan sanction and disbursal borrowers can opt for small cash loans ranging from 10,000 to 1.5 lakhs. Instant loan up to Rs. 1,50,000/- is a short-term loan amount and can be availed effortlessly through instant loan apps and websites.

Check the latest HeroFinCorp personal loan app launched by a trusted financial firm in India – HeroFinCorp. It can be downloaded in seconds from Google Play store on your android phone. Getting an instant loan of Rs. 1,50,000 is beneficial as the documentation is minimal and repayment is hassle free in manageable EMIs.

Initiate the loan application process with HeroFinCorp instant loan app. Check the minimum eligibility criteria and complete a hassle-free application process for quick disbursal of Rs.1,50,000 loan amount.

Benefits of Instant 1,50,000 Loan via HeroFinCorp

HeroFinCorp personal loan app is loaded with multiple features and benefits for instant loan borrowers. The paperless documentation procedure saves a considerable amount of time and speeds-up the loan approval. Here are some prominent reasons why one should opt for small cash loans up to 1,50,000 Rs. via HeroFinCorp:

• Low interest rate- HeroFinCorp offers an affordable interest rate based on your eligibility criteria. The EMI calculator allows borrowers to flexibly set the loan amount and interest rate to calculate an EMI.
• Quick approval- As the loan amount is not huge, the formalities are less. There is no paper work involved, eligibility criteria are limited and so the loan approval doesn’t take time.
• Collateral free loan- Instant personal loan has no demand for collaterals against the disbursed loan amount. No guarantor or security is needed for small cash personal loan.
• Paperless documents- No physical documents are essential. All the required documents are processed online by uploading or scanning. Basic KYC details are required to avail Rs. 1,50,000 loan.
• Low processing fees- A minimal processing fee is charged other than the percentage of interest. Processing fees may vary from lender to lender. At HeroFinCorp, a minimum of 2.5% +GST is charged as a processing fee.
• Automated repayment option- This feature enables building of credit score by paying the bills and loans on time every month. Automated repayment option reduces the risk of delayed payments, by setting the accurate date and month on which the EMIs are deducted automatically.

HeroFinCorp personal loan app is a complete digitized instant loan platform. You can manage your loan account online and check important details like interest rate, EMIs and repayment tenure from anywhere at the tip of your finger. So, take a risk-free loan of 1,50,000 Rs via HeroFinCorp and pay at your convenience in a flexible tenure of 1 to 2 years.

Eligibility Criteria to Avail 1.5 Lakh Personal Loan

When seeking a 1.5 Lakh loan urgently, the first step is to review the lender's eligibility criteria and ensure you meet their requirements. Here are key factors that determine eligibility for a 1.5 Lakh short-term Personal Loan online:

• Must be a citizen of India
• Required KYC documents including Aadhar Card number linked to mobile number, Pan Card or Driving licence
• Age limit must be 21-58 years old
• Must best able in professionally in a job or business
• Must earn a minimum income of Rs. 15,000 per month
• Six months bank statement of salary account for salaried and 6 months bank statement with most transactions for self-employed

Please note that eligibility criteria may differ from one lending institution to another

Required Document for 1.5 Lakh Personal Loan

If you qualify, you must wonder what documents are necessary if you need 1.5 Lakh rupees urgently. Here are the standard requirements:

• Address Proof: Maintenance bills, utility bills, property documents, or rent agreements
• Income Proof: Last six months' salary slips, previous six months' salary account statement, Form 16
• Job Continuity Proof: Appointment letter from the current employer or experience certificate from the previous employer
• Residence Ownership Proof: Maintenance bills, electricity bills, property documents
• Income Proof: Last six months' bank statements, Income Tax Returns (ITR) for the previous two consecutive years

Steps To Apply for a 1.5 Lakh Personal Loan

Once you have fulfilled the eligibility criteria, the next thing is to collect and scan all the required documents and apply for instant approval online:

Step 1: Use online tools or contact Hero FinCorp to determine eligibility criteria.

Step 2: Collect required documents such as identity proof, income proof, and property documents.

Step 3: Fill out the loan application form and submit it along with the necessary documents.

Step 4: Wait for the lender to review your application and provide approval or rejection. 

Step 5: Hero FinCorp usually approves loans up to Rs. 5 lakhs instantly, but only if you keep your documentation intact.

Step 6: Upon approval, the loan amount will be disbursed to your bank account, allowing you to proceed with the house deposit.

 

Conclusion

HeroFinCorp's instant personal loan app offers a seamless and efficient solution for those in need of quick financial assistance. With minimal documentation, quick approval, and manageable EMIs, obtaining a loan of up to Rs. 1,50,000 is both easy and hassle-free. The app's user-friendly interface and digitized process make it accessible and convenient, allowing borrowers to apply for and manage their loans from anywhere.

Frequently Asked Question

How do I install the HeroFinCorp instant loan app?

You can download the HeroFinCorp instant loan app from the Google Play Store. Simply search for "HeroFinCorp personal loan app," download it, and follow the registration process.

Do I need to provide any collateral for the loan?

No, HeroFinCorp’s instant personal loans are collateral-free. You do not need to provide any guarantor or security for the loan.

Can I change the EMI date after the loan is approved?

Typically, the EMI date is fixed once the loan is approved. However, you can contact HeroFinCorp's customer support to inquire if any changes can be made.

Can I use the loan for purposes other than emergencies?

Yes, the instant personal loan from HeroFinCorp is a multi-purpose loan and can be used for various needs, including home renovations, education expenses, travel, or any other personal requirements.

What are the options available if I need 1.5 lakh rupees urgently?

If you need 1.5 lakh rupees urgently, explore options like personal loans, credit card cash withdrawals, borrowing from friends or family, or using assets such as gold or stocks.