Need quick funds for salaried employees with simple documentation? Hero FinCorp, an RBI-approved NBFC, provides personal loans for salaried individuals with immediate access to funds for any financial purpose.
Calculate Personal Loan EMI
Everyone faces unexpected expenses from time to time. For salaried individuals with a fixed monthly income, handling financial emergencies can be tough, especially when most earnings go toward essentials like household bills, education, and insurance. That’s where Hero FinCorp steps in with personal loans offered to salaried employees.
We provide instant personal loans for salaried individuals employed in private and government sectors to meet their personal and professional expenses. With low interest rates, flexible repayment tenures, and instant approval within 10 minutes, you can get the funds you need when you need them. What’s more, there’s no collateral required, and applicants with a minimum monthly income of Rs 15,000 can apply for a loan up to Rs 5 Lakh with ease.
A personal loan can be a real support for salaried employees, helping them manage expenses with ease. Since salaried individuals often face unexpected financial needs, opting for a loan with a lower interest rate can make repayments more affordable. Here are a few reasons why a personal loan designed for salaried individuals can be the right choice.
Transparent Process: The loan process at Hero FinCorp is entirely transparent. There are no hidden costs, and the online application process is quite simple.
Fast Disbursement: Receive instant approval within 10 minutes when you apply for an instant personal loan online. The disbursal is done directly into your bank account.
Special Loan Offers: Specifically designed for salaried employees, these loans offer instant approval and quick disbursal.
Flexible Repayment: Select a tenure of a maximum of 12 - 36 months that is affordable for you.
Hero FinCorp's personal loan for low salaried employees offers many benefits. These include the following
You can avail an instant unsecured loan of up to Rs 5 Lakh online.
Our loans require minimal documentation, including proof of income and KYC details.
No security, collateral, or guarantor is needed for approval.
Our Personal Loans are approved within minutes when you apply online.
At Hero FinCorp, you do not need to meet stringent criteria to obtain an Instant Personal Loan online for salaried professionals. Here are the personal loan eligibility criteria for salaried applicants.
| Eligibility Criteria | Details |
|---|---|
| Age | 21 - 58 years |
| Citizenship | Indian citizen |
| Work Experience | Minimum 1 year for salaried employees |
| Monthly Income | Minimum Rs 15,000 |
Documentation is essential for part of the Personal Loan application process. However, Hero FinCorp keeps the process simple with minimal paperwork. It’s still important to know the documents required for a personal loan application. The list may vary slightly for salaried and self-employed applicants. Here are the details.
Duly filled form and passport-sized photo.
Driving Licence, Passport, PAN Card (mandatory), or Aadhaar Card.
Driving Licence, Passport, Aadhaar Card, Ration Card, or Utility Bill.
Electricity Bills, Maintenance Bills, or Property Documents.
Last 3 months’ salary slips, 6 months’ bank statement, Form 16.
Appointment letter or Experience certificate.
It is better to know the loan interest rates for salaried employees, processing fees and any other fees or charges related to instant loan before applying. At Hero FinCorp, the personal loan interest rates are competitive and all other charges are nominal. Also, there are no hidden fees. Check out the table below for exact charges for salaried employees.
| Fees & Charges | Amount Chargeable |
|---|---|
| Interest Rate | Starting from 19% p.a. |
| Loan Processing Charges | Minimum 2.5%+ GST |
| Prepayment Charges | N.A. |
| Foreclosure Charges | 5% + GST |
| EMI Bounce Charges | Rs 350/- |
| Interest on Overdue EMIs | 1-2% of the loan/EMI Overdue Amount Per Month |
| Cheque Bounce | Fixed Nominal Penalty |
| Loan Cancellation | 1. Online loan app does not charge any cancellation charges |
| 2. Interest amount paid is non-refundable | |
| 3. Processing charges are also non-refundable |
At Hero FinCorp, you can apply for a Salaried Loan online based on salary via our website or app for quick approval and instant disbursal.
Visit the Hero FinCorp website or download the personal loan app.
In the Instant Personal Loan section page, click 'Apply Now'.
Enter your mobile number and register yourself with the OTP received.
Enter the loan amount.
Complete your KYC verification and verify your income eligibility.
Press 'Submit to finalise your online application and get instant approval for your loan.
You can utilise a Personal Loan for any planned or unexpected expenses. Let us see some of the most popular uses of a Personal Loan for salaried employees.
BAs a salaried employee, your personal loan qualification is based on the following parameters:
The EMI or equated monthly instalment of a Personal Loan depends on a variety of factors like the loan amount, repayment tenure and rate of interest. You can use a personal loan emi calculator online.
