Hero FinCorp, established in 1991 and headquartered in New Delhi and registered with the RBI as an NBFC, offers a personal loan with interest rates from 18% to 30%. Loan amounts range from ₹50,000 to ₹7,00,000, with tenure from 12 to 36 months.
There is no charge for partial prepayment, while foreclosure attracts a charge of up to 5% plus GST. For eligible applicants, approval is available within 10 minutes. Documentation required is limited to PAN and Aadhaar via digital KYC. Rate type, processing fee, minimum CIBIL score, age limits, minimum salary, and employment type eligibility are not published for this product.
As published by Hero FinCorp. Your branch may ask for more.
Prepayment condition: This is the foreclosure charge, not a separate prepayment-specific charge. The source treats prepayment and foreclosure as distinct named events — 'Prepayment Charges — Not applicable' (0%) is a SEPARATE line item from 'Foreclosure Charges — Up to 5% + GST on outstanding principal'. This schema has no separate foreclosure field, so prepayment_penalty_percent is absorbing the foreclosure figure as the closest available field for 'cost to close this loan early'.
Lenders price on your credit score, income, employer category and tenure. A score above 750 typically unlocks the lower end of each range shown. The exact rate is confirmed by the lender at underwriting.
Every row is date-stamped with the day we last checked it, and links to the lender’s published material so you can confirm it yourself. A row we confirmed against the source reads “Verified”; one we could only sight reads “as of”, and is not presented as confirmed. Anything we have not re-checked in 60 days is marked “rate under review” rather than left to look current. We do not claim a fixed re-checking cycle — the date on each row is the honest answer.
No. Viewing rates is not a credit enquiry and has no score impact. A hard enquiry happens only when you formally apply to a lender.
Most lenders allow prepayment after a few EMIs. Charges vary by lender and are shown in the fees section; RBI caps foreclosure charges on floating-rate loans to individuals.