HERO FINCORP PERSONAL LOANS

(VIA PREFR LOANS)

Features, Benefits & Application Process
VALID FROM : MAY 2023

Product Personal Loan

Loan Amount •25,000 to •3 Lacs

Loan Tenure Up to 48 Months

Sourcing Criteria

Age Criteria 22 to 55 Years

Employment Type Salaried & Self Employed

Net Monthly Income Salaried

For Metro and Tier 1 : More than •18,000
For Tier 2 and below : More than •15,000

Self Employed
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More than •20,000 per month / •2.5 Lacs annually

Credit Score 670 and above

Other Criteria FOIR - 60% (across Salary Range and City Tiers)

Fees & Charges

Processing Fees 2.5% - 4% on loan amount plus applicable taxes
Rate of Interest 15% p.a. onwards
Loan Foreclosure 5% of outstanding amount
V ER

Part-payment Charges NA
Features
Key Features Quick disbursals
No collateral needed
Flexible Interest Rates
Fully online process with minimal documentation

Documents
Required for all Applicants KYC Documents
(to be uploaded on Prefr web PAN Card and Aadhaar Card
portal)
Proof of Income
Latest 3 months’ salary slip, Company ID card, and 3 months’ bank Statement

Proof of Current Address: (Any One)

Rental agreement / Utility or Postpaid bills

In case of rental residence - Aadhaar to be linked with Mobile number

Copyright © 2023. Credilio Financial Technologies Pvt Ltd. This document is prepared for the consumption of ‘Distribution Partners and their authorized Representatives’ of Credilio Financial Technologies Pvt Ltd.
Credilio is an authorised distributor of Hero FinCorp Personal Loan (Via Prefr Loan). Contents mentioned here is based on the publicly available information as on May 2023 and subject to vary from time to time.
Credilio Team has compiled select information to be used only as a reference. Users are requested to verify details and apply discretion before taking any decision basis the contents shown here.
 Process to Complete
Hero Fincorp Personal Loans
(via Prefr Loans) Applications

STEP 1 STEP 2
Enter Customer Mobile Number and Guide customer to Complete Bureau
PAN. Check customer’s name & Complete Bureau Check Check by clicking on the link sent on
enter other details to submit lead. Bureau Check link has been sent to
Customer. Please guide using following
SMS
steps:

Click on ‘Check Status’ once

1 Click on the link sent on SMS sent by
Experian
2 Enter ‘OTP’ & click on ‘I Agree’ to accept

3
on Credit Bureau OTP Consent.
Click on ‘Verify & Proceed’ to complete. customer completes Bureau Check
to continue.
Customer can now view their ‘Credit
Summary’

We have chosen best Personal Loan

STEP 3 STEP 4
Once customer completes Bureau Recommendation’s page
check you will see Customer’s will display ‘Hero Fincorp (via Prefer
Bureau Rating. Loans)’ as per the customer's
Excellent

eligibility. Click on ‘Apply Now’.

Your customers’ credit is in
excellent shape.

Customer successfully completed Bureau

Check. Click on ‘Next’ to proceed to
Click on ‘Next’ to proceed to offers.
offers.
13/03-2 023- PRO - HE RO - PREFR-PL-PNP-1

STEP 5 STEP 6
Enter customer's Personal Inform your customer to provide
Information and Work details. Click accurate address details.
on ‘Next’ to proceed further.
VE R

STEP 7 STEP 8
Take additional information as The decision screen will be show
required. Check all information stating that the customer has been
provided before submitting the sent an SMS with link to the Prefr
application website. Guide customer through
the balance online application
completion

Copyright ©2023. Credilio Financial Technologies Pvt Ltd.This document is prepared for the consumption of 'Distribution Partners and their authorized Representatives' of Credilio Financial Technologies
Pvt Ltd. Credilio is an authorized distributor Hero FinCorp Personal Loan (Via Prefr Loan). The information given above is intended only for a specific purpose and Credilio will not be responsible for any unauthorised use.