Learn about the steps involved in personal loan disbursement

1
Learn about the steps involved in personal loan
disbursement
2
Learn about the various variables that influence
your loan disbursementa
3
Earning

• You must earn at least Rs 15,000 in a month.

4
Creditworthiness

• Try to raise your credit score.
• Avoid EMI skips, default, and loan settlement.

5
Age

• You may have difficulty obtaining approval if you
  are approaching retirement age.

6
Borrowing amount

• Lenders are cautious about lending the maximum
  amount specified on their website.

7
Payback period

• Longer tenure equates to lower EMIs, which speeds
  up the disbursement process.

8
What steps are involved in the disbursement of a
personal loan?

• Complete your loan application form.
• Your details will be cross-verified.
• The lender will then evaluate the lending risk
  associated with your profile.
• Next, you will receive a loan offer.
• Funds disbursement will be made once you accept
  the offer.

9
What happens after the funds are disbursed?

• You will receive a soft copy of your loan
  confirmation letter.
• The lender expects you to pay your EMI on time.

10
Can I terminate my loan after it has been
disbursed?

• You cannot cancel your loan because the agreement
  binds you.

11

• Personal loans are disbursed within 24-48 hours.
  You only need to be aware of the steps involved.

12
Thanks!
Would Love to hear from you.
Hero Fincorp Limited
09, Basant Lok, Vasant Vihar, New Delhi - 110057
Tel [phone]
Email customer.care_at_herofincorp.com
Website https//www.herofincorp.com/
Know More Learn Everything About Personal Loan
Disbursal Process