Hero Rupee Loan App is a financial app that offers personal loans to customers in India. The app is available on both the Google Play Store and Apple App Store, and it claims to provide quick and hassle-free loans with minimal documentation.
Hero Rupee Loan App Eligibility and Loan Amount
To be eligible for a loan on Hero Rupee Loan App, customers must meet certain criteria such as being between 18 to 60 years of age, having a steady source of income, and possessing a valid government ID. The loan amount that can be availed on the app ranges from INR 10,000 to INR 50,000.
Hero Rupee Loan App Interest Rates and Fees
The interest rates on Hero Rupee Loan App are calculated based on the loan amount, loan tenure, and other factors such as the customer’s credit score. The interest rate can range from 15% to 35%, with a processing fee of up to 3% of the loan amount.
Hero Rupee Loan App Customer Reviews
Customer reviews of the Hero Rupee Loan App are mixed, with some customers praising the app for its quick loan disbursal and easy-to-use interface, while others have complained about high-interest rates and hidden fees. Some customers have also reported difficulties in getting their loans approved or facing issues with repayment.
Is Hero Rupee Loan App Legitimate or a Scam?
Hero Rupee Loan App is a legitimate app that is registered with the Reserve Bank of India (RBI) as a Non-Banking Financial Company (NBFC). However, it is important for customers to be aware of the terms and conditions of the loans offered on the app, including interest rates and fees, and to ensure that they can afford to repay the loan before applying.
In conclusion, Hero Rupee Loan App is a legitimate app that offers personal loans to customers in India. However, customers should carefully read the terms and conditions of the loan before applying, and ensure that they can afford to repay the loan to avoid any issues with repayment.