Regulated NBFCAll Eligible Borrowersunsecured

Hero FinCorp Instant Personal Loan

हीरो फिनकॉर्प इंस्टेंट पर्सनल लोन

Hero FinCorp instant digital personal loan via SimplyCash app up to ₹5 Lakhs.

Max Loan Amount

₹25,000 to ₹5,00,000 (SimplyCash mobile app)

Interest Rate

13.00% - 30.00% p.a. (risk-grade fixed)

Tenure

6 to 36 months

Processing Fee

Up to 3.50% of loan amount + GST

✦ What It Is: Product Architecture & Regulatory Scope

Hero FinCorp's instant digital retail personal credit product offered through the SimplyCash mobile app, providing quick paperless funds for salaried and self-employed borrowers.

What is Missing: Honest MITC Policy Gaps, Hidden Clauses & Extra Charges

Eligo consumer protection notice: Bank brochures, DSA telecallers, and comparison portals rarely disclose these conditions. Read carefully before signing.

• Higher interest rate ceiling reaching up to 30% for non-prime profiles. • Maximum loan quantum capped at ₹5 Lakhs on app. • Foreclosure penalty of 4% + GST applies.

✦ Key Benefits & Features

• Disbursal in under 2 hours directly into your bank account • 100% digital paperless application via SimplyCash app • Flexible repayment terms from 6 to 36 months • Transparent EMI breakdown and digital mandate setup.

✦ Prepayment, Part-Payment & Foreclosure Rules

Prepayment allowed after 6 months with 4% fee + GST.

✦ Eligibility Requirements

Salaried employees and self-employed individuals with verified digital KYC. Min Age: 21, Max Age: 58. Min Monthly Income: ₹15,000. Min CIBIL: 680.

Min Age21 Years

Max Age58 Years

Min Monthly Income₹15,000

Min CIBIL Score680+

✦ Documents Required

• Completely paperless via SimplyCash app (Aadhaar, PAN, and digital bank statement).

✦ Exact How-To-Apply Process (3 Pathways)

Depending on your current relationship with the bank, select the corresponding application journey:

Pathway A

Existing / Pre-Approved Customers

1. Open SimplyCash by Hero FinCorp App > Personal Loan banner. Select amount and e-sign via OTP.

Pathway B

New Online Applicant (Fresh Digital)

1. Download SimplyCash App or visit herofincorp.com. Enter PAN, mobile number, and link bank statement via Account Aggregator.

Pathway C

Branch Walk-In Application

1. Visit nearest Hero FinCorp branch with KYC and bank statements.

Official Sourcing & MITC Verification

180-Day Re-Verification SLA · Last Verified: 2026-09-28

Eligo does not collect personal loan applications, sell user data to DSA telecallers, or receive affiliate commissions. All terms shown are extracted directly from official bank circulars, Most Important Terms and Conditions (MITC), and Key Fact Statements (KFS) under RBI guidelines.

Visit Official Lender Portal (Hero FinCorp Official Portal)View Official MITC / Schedule of Charges RBI Key Fact Statement (KFS) Reference

Frequently Asked Questions on Hero FinCorp Instant Personal Loan

How quickly is SimplyCash loan disbursed?

Within 2 hours upon successful completion of digital KYC and e-mandate registration.

Do I need physical document submission?

No, the entire process is 100% paperless on the mobile app.

What is the maximum tenure?

Up to 36 months (3 years).