Immediate Support: Hero FinCorp's Instant Personal Loans Now Available Up to Rs. 5 Lakh
The lending institution earlier used to provide a Personal Loan of a maximum of Rs. 3 lakh. Now, they are increasing their limit to Rs. 5 lakh. Now have bigger financial support from Hero FinCorp with a 500000 Personal Loan.
Benefits of a Bigger Loan Amount
Although Rs. 3 Lakh Personal Loans have helped innumerable borrowers achieve their goals, fulfil their dreams, or handle emergencies, Hero FinCorp aims to provide more financial support to their customers with a 500000 Personal Loan. Here are a few benefits of a bigger loan amount:
Eligibility Criteria for a Personal Loan at Hero FinCorp
Even if Hero FinCorp has extended its instant loan offering from 3 to 5 Lakh, the eligibility criteria remain the same. These include the following:
- Indian citizenship
- Age: 21 to 58 years
- Work Experience: At least six months for salaried and two years for self-employed applicants
- Monthly Income: Minimum income of Rs. 15,000 per month
Documents Required for a Personal Loan Application at Hero FinCorp
The documentation requirements vary for salaried and self-employed applicants. You must upload scanned copies of the following documents online to apply:
- Mandatory Documents: Dully filled application form and passport-sized coloured photograph
- Identity Proof: Passport, PAN card, Aadhaar card, driving licence
- Address Proof: Passport, Aadhaar card, driving license, utility bill, ration card
For Salaried Employees:
- Home Ownership Proof: Property documents, electricity bills, maintenance bills.
- Income Proof: Form 16, last six months' bank account statements of the salary account, previous three months' salary slips.
- Job Continuity Proof: Current employer’s appointment letter, previous employer’s experience certificate.
For Self-Employed Professionals:
- Office Address Proof: Rent agreement, property documents, utility bills, maintenance bill
- Income Proof: Last two years’ income tax returns, last six months’ bank statement.
Business Existence Proof: Company’s registration certificate, shop establishment proof, copy of tax registration.
Steps to Apply for a 500000 Loan at Hero FinCorp:
Those planning to apply for a 500000 Personal Loan must follow this simple stepwise procedure: Step 1: Find the Personal Loan section on the Hero FinCorp website or app.
Step 2: Fill out an online application form.
Step 3: Scan and upload the necessary documents.
Step 4: Wait for the verification process to complete.
Step 5: Review and accept the loan offer to initiate disbursal.
If you need additional funds for an emergency, goal achievement, or dream realisation, Hero FinCorp now provides more financial support with its 500000 Personal Loan plans. Evaluate your loan requirements and check your eligibility to obtain the required funds in minutes. These loans from Hero FinCorp offer financial freedom to cover any planned or unplanned expenses.
Disclaimer: The information provided in this blog post is intended for informational purposes only. The content is based on research and opinions available at the time of writing. While we strive to ensure accuracy, we do not claim to be exhaustive or definitive. Readers are advised to independently verify any details mentioned here, such as specifications, features, and availability, before making any decisions. Hero FinCorp does not take responsibility for any discrepancies, inaccuracies, or changes that may occur after the publication of this blog. The choice to rely on the information presented herein is at the reader's discretion, and we recommend consulting official sources and experts for the most up-to-date and accurate information about the featured products.
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