Salary Advance Loan.
A salary advance loan is an easy funding option that employees with stable jobs can obtain to handle unexpected expenses and immediate financial needs. It allows you to quickly access a small amount without paperwork or delays. You can repay the loan after receiving your next salary, making it useful for short-term financial obligations.
These loans are suitable for emergency medical expenses, unexpected travel, home renovation, or other urgent payments. You can also use a Personal Loan as a loan against salary to manage planned or urgent expenses. All you need to do is fulfil simple eligibility requirements and maintain a decent credit history and good credit record to qualify.
As a regulated NBFC, Hero FinCorp offers digital lending through an easy-access online process to help you get instant funds when you need them the most.
Get Salary Advance Loan Online.
At Hero FinCorp, you can get an advance salary loan for a loan amount between Rs 50,000 and Rs 5 Lakh. The interest rate starts at 19% per annum, offering low interest compared to many short-term options.
The loan comes with a flexible tenure ranging from 12 to 36 months, allowing comfortable repayment through monthly instalments. The disbursal process is quick, and funds are usually disbursed within 24 hours of approval. This makes it a reliable option among loans online in India and even advance salary loan options in India.
Features and Benefits of Salary Advance Loan.
One of the key benefits of Hero FinCorp’s salary advance loan is its quick approval process with minimal documentation and paperless verification. Unlike workplace advances, you do not need employer approval or an early salary request. Check out the key features and benefits of our instant loans.
Lesser
loan tenure
Advances are generally taken for 1 to 3 years and don't linger for years giving a burden of repayment.
Loan
Amount
The borrowed advance loan amount varies between Rs 50,000 to 5 Lakh, depending upon the loan provider. This is easy to repay when broken down into EMIs.
Loan
Approval
At Hero FinCorp, the loan is approved within 10 minutes when you apply on our website or loan app.
Easy
for Working Individuals
Salaried and self-employed individuals have an advantage over freshers/job seekers to gain advance salary loans.
Collateral
free
Being an unsecured loan, no security or assets are required to be mortgaged against advances given.
Interest
Rates
The Personal Loan interest rate at Hero FinCorp starts from 1.58% per month, making the loan EMI manageable.
Quick
Disbursal
Once your instant personal loan is approved, the loan amount is disbursed to your bank account in no time.
How to Apply for an Advance Salary Loan Through Hero FinCorp?
You can apply for an advance salary loan online through our website or app using easy steps. This offers instant approvals often in a matter of minutes.
Visit the Hero FinCorp website or install the personal loan app
Go to the Personal Loan page and click ‘apply now’.
Enter your mobile number and verify with the OTP received
Choose the Personal Loan amount you need
Verify your KYC details to check income eligibility
Click ‘Submit’ to complete your application and get a Personal Loan offer
The latest news.
FAQs.
You can receive approval for an instant salary advance loan within minutes. Hero FinCorp offers quick Personal Loan approval to provide access to quick funds.
Yes. Some lenders offer a salary advance loan without a CIBIL check. However, you may not get a higher loan amount or lower interest rate.
No, a salary advance loan is not considered taxable income in India because it is a borrowed amount that must be repaid.
The minimum salary varies by lender, but most require a stable monthly income. A Hero FinCorp Personal Loan requires a minimum monthly salary of Rs 15,000.
Late repayment may lead to penalties and a negative impact on your credit score. Therefore, it is important to repay your salary advance loan within the agreed timeline.
Yes. A salary advance loan is typically unsecured, meaning you don’t need to provide any collateral to access funds.
Most salary advance loan products are designed for salaried individuals. Self-employed professionals may explore Personal Loan options at Hero FinCorp.
Hero FinCorp’s salary advance loan offers quick approval, simple eligibility, clear charges, and flexible repayment, making it easier to manage short-term cash needs compared to many lenders.
A salary advance loan already has a short repayment tenure of a few weeks or months. However, if you borrow a Personal Loan from Hero FinCorp with a tenure of 12 to 36 months, you may prepay or foreclose the loan, depending on the loan terms and applicable charges.
