Hero FinCorp (Hero FinCorp Limited) is an RBI-registered NBFC in India that lends directly, offering personal loans, including loans for debt consolidation.
Decide based on your real situation, not on how fast the loan is approved.
No part-prepayment charges, so you can pay down the loan faster.
Low income requirement of Rs 15,000 a month, open to salaried and self-employed applicants.
Needs a credit score of 725+, and foreclosure costs up to 5% + GST on outstanding principal.
Only consolidates existing personal loans, not credit card dues.
Hero FinCorp offers loans of Rs 50,000 to Rs 7,00,000 to consolidate existing personal loans, with tenures of 12 to 36 months and interest from 17.9% per annum. Applicants must be 21 to 58 years old, salaried or self-employed, earn at least Rs 15,000 a month and have a credit score of 725 or above.
- Loans issued directly by Hero FinCorp Limited (RBI CoR 14.00266)
- Maximum interest rate of 30% a year published
