How to Check Loan Details in Herofincorp App?

Anubhav Dwivedi -
  • The Hero FinCorp app is a convenient platform for managing your loans, offering an easy way to check your loan details, track repayment schedules, and access important information. Whether you have a personal loan, two-wheeler loan, business loan, or any other type of loan from Hero FinCorp, this app allows you to access your loan information at your fingertips. In this article, we will walk you through the step-by-step process of checking your loan details in the Hero FinCorp app in simple terms.

Introduction to Hero FinCorp App:

  • Hero FinCorp is a popular financial services company in India offering a range of loans, including personal loans, two-wheeler loans, business loans, and more. To make loan management easier, Hero FinCorp has introduced a user-friendly mobile app where customers can check their loan details, track EMI payments, and access various services related to their loans.
  • The Hero FinCorp app is designed to help you manage your loan account on the go, providing real-time updates on your loan status. The app is available on both Android and iOS platforms and is free to download.

How to Download the Hero FinCorp App?

Before you can check your loan details, the first step is to download the Hero FinCorp app. Here's how you can do it:

For Android Users:

  • Open the Google Play Store on your smartphone.
  • In the search bar, type Hero FinCorp.
  • Find the app in the search results and click Install.
  • Wait for the app to download and install.

For iOS Users:

  • Open the Apple App Store on your iPhone.
  • Search for Hero FinCorp in the search field.
  • Once the app appears, tap on Get and install it.

After downloading the app, you are ready to register and log in to access your loan details.

Registration and Login:

If you're using the Hero FinCorp app for the first time, you’ll need to register. Follow these steps for registration:

Steps for Registration:

  • Open the Hero FinCorp App on your mobile phone.
  • On the welcome screen, you will see the option to Sign Up or Register. Tap on it.
  • Enter your mobile number that is linked to your loan account.
  • An OTP (One-Time Password) will be sent to your phone. Enter the OTP in the app to verify your number.
  • Set a 4-digit PIN or create a password for your app account.

Once you’ve completed the registration process, you can log in to the app at any time by entering your registered mobile number and password or PIN.

After logging in, you’ll be taken to the app’s main dashboard. The dashboard gives you a quick overview of your loan account and other related services. You will find different options here such as:

  • Loan Summary: A brief snapshot of your current loan status.
  • EMI Payments: A section to view your upcoming and past EMI payments.
  • Loan History: A record of your loan transactions and details.

From the dashboard, you can quickly navigate to different sections to check the specific details of your loan.

Steps to Check Loan Details:

To check the full details of your loan, follow these simple steps:

  1. Open the Hero FinCorp App and log in with your credentials.
  2. On the dashboard, you will see your active loan accounts listed.
  3. Tap on the loan you wish to view the details for. For example, if you have a two-wheeler loan, select that loan account.
  4. Once you select your loan, you will be taken to a detailed page where you can view:
  • Loan Amount: The total amount you borrowed.
  • Loan Tenure: The duration of the loan (in months or years).
  • Interest Rate: The interest rate applicable to your loan.
  • EMI Amount: Your monthly installment amount.
  • Outstanding Balance: The remaining amount to be repaid.
  • Next EMI Due Date: The date when your next payment is due.

This section provides a clear overview of your loan and repayment status.

Repayment Schedule and Due Dates:

One of the most important features of the Hero FinCorp app is the ability to track your repayment schedule. You can check the due dates for your upcoming EMI payments and view the entire loan repayment timeline.

How to View Repayment Schedule:

  • After selecting your loan from the dashboard, scroll down to find the Repayment Schedule option.
  • Tap on it, and you will see a detailed list of all your upcoming and past EMI payments.
  • The schedule includes the due date, EMI amount, and payment status for each installment.

This feature ensures you never miss an EMI payment and helps you stay on top of your financial obligations.

EMI Calculator and Loan Repayment Tracker:

If you want to plan your future payments or check how prepaying a certain amount might impact your loan, the Hero FinCorp app offers an EMI calculator and repayment tracker.

Steps to Use the EMI Calculator:

  1. Open the app and select the EMI Calculator from the menu.
  2. Enter your loan amount, interest rate, and tenure to calculate your monthly EMI.
  3. The calculator will give you a clear breakdown of the EMI amount and the total interest payable over the loan tenure.

Using this tool, you can make informed decisions about paying off your loan faster or adjusting your repayment schedule based on your budget.

Loan Closure and Foreclosure Information:

If you're looking to close your loan early or want to know the foreclosure charges, the Hero FinCorp app provides this information as well.

How to Check Loan Foreclosure Details:

  • Go to your loan account page by selecting the loan from the dashboard.
  • Scroll down to find the Foreclosure or Loan Closure option.
  • Tap on it, and you will see the total outstanding amount required to close your loan early, including any foreclosure charges that may apply.

Closing your loan early can save you money on interest, but it's essential to be aware of any additional fees involved.

Customer Support for Loan Queries:

If you have any questions about your loan or encounter any issues with the app, Hero FinCorp offers customer support directly through the app.

How to Contact Customer Support:

  • On the main dashboard, find the Help & Support option.
  • You can either chat with a customer support representative or request a callback.
  • Alternatively, you can find the Hero FinCorp customer care number and email address for further assistance.

Conclusion:

  • Managing your loans with the Hero FinCorp app is simple and convenient. By following the steps outlined in this article, you can easily check your loan details, stay updated on repayment schedules, and even explore foreclosure options. Whether you're at home or on the go, the Hero FinCorp app ensures you have full control over your loan account.

FAQs:

Can I check the status of multiple loans in the Hero FinCorp app?

  • Yes, you can check the details of all your active loans by selecting the respective loan account from the dashboard.

How can I update my contact information in the Hero FinCorp app?

  • To update your mobile number or email address, go to the Profile section in the app and make the necessary changes.

What should I do if I miss an EMI payment?

  • If you miss an EMI payment, it is recommended to contact Hero FinCorp’s customer support team as soon as possible to discuss repayment options and avoid penalties.

How do I download my loan statement from the app?

  • You can download your loan statement by selecting your loan account and tapping on the Download Statement option.

Are there any charges for using the Hero FinCorp app?

  • No, the app is free to use for all Hero FinCorp customers.
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