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Although they build emergency funds, they are often insufficient, or people don't want to exhaust them in an instant. That is when a Personal Loan app from Hero FinCorp comes to the rescue when you need a 1.5 lakh loan for an emergency. The best thing is that these loans have no collateral requirement, no usage restrictions, and flexible repayment terms. Let’s learn details about a short-term Personal Loan online.
Personal Loan is an unsecured credit option lenders sanction based on your eligibility, income stability, financial obligations, credit history, and repayment capacity. These are multi-purpose loans you can use to fulfil various urgent or planned expenses, including weddings, education, travel, home renovation, and medical emergencies. Many modern NBFCs, like Hero FinCorp, support 100% digital loan procedures, minimal documentation, making them an ideal funding option for urgent financial requirements.
Loan Amount (Rs.) | Tenure (Months) | Interest Rate (%) | Monthly EMI (Rs.) |
---|---|---|---|
1,50,000 | 6 Months | 21% | 26,553 |
1,50,000 | 12 Months | 21% | 13,967 |
1,50,000 | 18 Months | 21% | 9,787 |
1,50,000 | 24 Months | 21% | 7,708 |
1,50,000 | 30 Months | 21% | 6,469 |
1,50,000 | 36 Months | 21% | 5,651 |
Note: This is an estimated amount, the actual EMI may vary.
When you need a 1.5 Lakh loan urgently, the first is to check the lender's eligibility criteria and fulfil their requirements. These are a few factors determining your loan eligibility for a 1.5 Lakh short-term Personal Loan online:
Also, Read: Need 1 Lakh Personal Loan Urgently? Apply Here
When you need a 1.5 Lakh instant loan, these are the features and benefits to keep in mind
If you qualify, you must wonder what documents are necessary if you need 1.5 Lakh rupees urgently. Here are the standard requirements:
Follow these steps to apply for a loan using the Hero FinCorp Personal Loan app:
Also, Read: Get Instant Personal Loan of Rs 50000 Online in Few Minutes
Are you worried about where to find the funding when you want a 1 Lakh rupees loan urgently? A short term Personal Loan at Hero FinCorp is the best possible option. You can borrow a Personal Loan of up to Rs 5 Lakh at interest rates starting from 1.75% per month or 21% per annum, making them the best funding solution for urgent needs.
1. What is the purpose of the Personal Loan?
You can use a Personal Loan for any legal purpose, including wedding, education, travel, home renovation, or medical emergency.
2. How quickly can I get the loan amount?
The 100% digital loan procedure makes Personal Loans accessible in minutes without branch visits or paperwork.
3. What is the loan repayment tenure?
Personal Loans at Hero FinCorp have flexible repayment tenures of up to 60 months. You can use an EMI calculator to choose one according to your affordability.
4. Are there any additional fees or charges?
Consider additional fees and charges, which often include processing charges, prepayment fees, documentation charges, EMI bounce penalties, etc.