Personal Loan EMI Calculator
Need a quick financial boost for an unexpected expense or a big dream? Hero FinCorp offers hassle-free Personal Loans for those with a Rs 15,000 salary. So, if your salary is Rs 15,000 per month, you can get an instant loan of Rs 5 Lakh. Embark on your financial journey with Hero FinCorp's Instant Personal Loan. Experience instant loan processing, minimum documentation, and quick disbursal to meet your diverse financial needs.
Taking a loan of Rs 50,000 at a 19%* t&c Apply interest rate might make you think about what your actual EMI would be. Well, with an EMI calculator, you will get an idea of what your repayments would look like. For instance, a shorter tenure of 12 months leads to a higher EMI of Rs 4,608, while a longer tenure of 36 months brings down the EMI to Rs 1,833. This makes choosing the suitable tenure crucial for balancing affordability and repayment speed. Here's a detailed view:
| Loan Amount | Interest Rate* | Tenure (in months) | EMI (in Rs) |
| 50,000 | 19% | 12 | 4,608 |
| 50,000 | 19% | 24 | 2,520 |
| 50,000 | 19% | 36 | 1,833 |
The Rs 15K criteria for our salaried applicants come with various features and benefits. This includes a high loan amount (up to Rs. 5 Lakh), flexible repayment tenures (12-36 months), and more:
For salaried individuals earning Rs 15,000 monthly, our personal loan offers up to Rs 5,00,000, helping you meet your financial goals effortlessly.
Our loan interest rates are competitive, making our Personal Loan available to anyone.
Our personal loans are collateral-free, requiring no security, making the process faster, simpler, and hassle-free.
Our personal loans offer flexible repayment tenures from 12 to 36 months, allowing you to choose a plan that fits your finances.
Our personal loans offer instant approval and disbursal, with funds credited within hours, helping you handle urgent expenses effortlessly.
Our Personal Loan is designed to meet the financial needs of Rs 15,000 salaried individuals. To be eligible for the loan, you need to meet certain criteria. Here are the eligibility criteria for our Personal Loan:
You need to be between 21 and 58 years of age to be eligible for our Personal Loan.
You must be a resident Indian citizen to avail of our Personal Loan.
Salaried - a minimum work experience of 6 months; self-employed - a minimum work experience of 2 years.
You must have a minimum monthly salary of Rs 15,000 to be eligible for our Personal Loan.
At Hero FinCorp, we offer a Personal Loan for salaried individuals with a monthly income of Rs 15k. To apply for the loan, you need to submit certain documents. We have different documentation requirements for salaried and self-employed individuals. Here is an overview of the documents required for salaried employees:
Driving licence, passport, PAN card, or Aadhaar card
Driving licence, passport, Aadhaar card, ration card, or utility bill
Residence ownership proof like electricity bills or property documents
Last six months' salary slips, previous six months' salary account statement, Form 16, and job continuity proof.
We offer competitive interest rates of up to 30% to make our Personal Loan manageable and accessible to everyone. Our processing fee ranges from 2.5% to 3.5%, depending on the loan amount and repayment tenure. We do not charge any prepayment charges, but we have a foreclosure charge of 5% + GST. Additionally, we charge Rs 350/- as EMI bounce charges.
Applying for a Personal Loan with us is simple and hassle-free. Here are the steps to apply for our Personal Loan online.
Download and install the Hero FinCorp Instant Personal Loan app.
Register using your mobile number.
Enter a few necessary details like your personal, professional, employment, and financial information.
Scan and upload the required documents, including your identity, address, and income proofs.
Get approval with a loan offer after the verification.
Accept the loan offer to initiate the disbursal process.
