NBFC
Hero FinCorp Personal Loan 2026
Interest rate, eligibility, documents & fees
- Interest Rate
- 11%–24%
- Loan Amount
- Up to ₹5 lakh
- Tenure
- 12–60 mo
Hero FinCorp Personal Loan — Key Details
Last reviewed August 2026
- Interest rate
- 11% – 24% p.a.
- Loan amount
- ₹50,000 – ₹5 lakh
- Tenure
- 12 – 60 months
- Processing fee
- Up to 3%
- Minimum CIBIL score
- 650+
- Minimum monthly income
- ₹15,000
- Age
- 21 – 58 years
- Employment type
- Salaried, Self-Employed
Hero FinCorp Personal Loan EMI
Monthly EMI at the starting rate of 11% p.a. Your rate may be higher.
| Loan amount | 12 months | 24 months | 36 months | 60 months |
|---|---|---|---|---|
| ₹1,00,000 | ₹8,838 | ₹4,661 | ₹3,274 | ₹2,174 |
| ₹3,00,000 | ₹26,514 | ₹13,982 | ₹9,822 | ₹6,523 |
| ₹5,00,000 | ₹44,191 | ₹23,304 | ₹16,369 | ₹10,871 |
Hero FinCorp Personal Loan Eligibility
- Age: 21–58 years
- Minimum monthly income: ₹15,000
- CIBIL score ≥ 650
- Minimum 1 year of employment history
- Indian resident with valid address proof
Documents Required for Hero FinCorp Personal Loan
Salaried
- PAN Card
- Aadhaar Card
- Last 2 months salary slips
- Last 3 months bank statements
- Employment certificate or offer letter
Self-Employed
- PAN Card
- Aadhaar Card
- Last 2 years ITR
- Last 6 months bank statements
- Business proof (registration / GST)
Pros & Cons
Advantages
- Accepts CIBIL score as low as 650 — good for thin files
- Low minimum income threshold (₹15,000/month)
- Faster processing — decisions in 24–48 hours
- Good option for first-time borrowers
Watch out for
- Low maximum loan amount (₹5 lakhs)
- Processing fee up to 3% is high
- Higher starting rate at 11%
- Smaller product range than big banks
How to Apply for a Hero FinCorp Personal Loan
Hero FinCorp's own application process
- 1Visit Hero FinCorp website or walk into a branch
- 2Fill in personal, employment, and income details
- 3Submit income proof and KYC documents
- 4Credit team reviews your application (24–48 hours)
- 5Get approval notification via SMS and email
- 6Sign digital agreement and receive disbursement
Not sure Hero FinCorp is right for you? Compare offers from RateCut's lending partners first.
Compare OffersHero FinCorp Personal Loan — FAQs
What is the Hero FinCorp personal loan interest rate?
Hero FinCorp personal loan interest rates range from 11% to 24% p.a. (last reviewed August 2026). The rate you get depends on your credit score, income, employer and loan amount.
What is the minimum salary for a Hero FinCorp personal loan?
Hero FinCorp requires a minimum monthly income of about ₹15,000. It lends to: Salaried, Self-Employed.
What is the processing fee for a Hero FinCorp personal loan?
Hero FinCorp charges a processing fee of Up to 3%, plus 18% GST. It is usually deducted from the loan amount at disbursal.
What CIBIL score is needed for a Hero FinCorp personal loan?
Hero FinCorp generally looks for a CIBIL score of 650 or more. A score of 750+ improves your chances of getting a lower rate.
How long does Hero FinCorp take to disburse a personal loan?
As per Hero FinCorp's stated process: Sign digital agreement and receive disbursement. Existing customers with pre-approved offers are usually faster.
Is Hero FinCorp regulated by the RBI?
Hero FinCorp is a Non-Banking Financial Company (NBFC) that lends through RBI-regulated entities and must follow RBI's fair practices and digital lending guidelines.
Compare Hero FinCorp with other lenders
Get matched with RBI-registered lenders. Checking offers doesn't affect your CIBIL score.
Figures last reviewed August 2026 and shown for information only. Interest rates, fees and eligibility are set by each lender and depend on your credit profile — confirm the final terms in the lender's Key Fact Statement before you sign. RateCut is a loan marketplace, not a lender.