Bank
Hero FinCorp

Finance Made Easy. Three simple words, that drive India's next generation ultra-lean credit champion – Hero FinCorp. Incorporated in December 1991 as Hero Honda FinLease Limited; the restructuring of our parent company Hero MotoCorp limited, led to our present form as Hero FinCorp Limited.

About Business Loan

We offer a range of tailor made SME & Commercial funding solutions to meet the unique requirements of your business. Our experience and know-how, make us the perfect partner in your journey to success.

Eligibility Criteria

  • Public, Private, Proprietorship or Self-employed

  • Minimum 3 years in current business

  • Business profitability as per industry norms

  • Satisfactory credit score

Documents Required

  • Last 3 years audited financial statements and projections
  • Profiles and KYC of Directors and Partners
  • Company constitution documents and registration certificates

Do's and Don'ts

Do’s

  • Make your mortgage or rent payments on time
  • Stay current on all existing accounts
  • Continue to work for the same employer
  • Continue living at your current residence
  • Keep credit card balances at or below 40% of credit limits
  • Call us before doing anything regarding your employment, credit cards or assets.

 

Don't

  • Don’t make a major purchase (car, boat, etc.)
  • Don’t apply for new credit or loans of any kind
  • Don’t change bank accounts or banks unless advised
  • Don’t consolidate your debt into fewer accounts
  • Don’t Deposit cash or non-traceable funds
  • Don’t close credit card accounts
  • Don’t borrow money
  • Don’t transfer checking or savings balances from one account to another
  • Do not give notice to your landlord before consulting with your loan officer

About Loan Against Property

Harness the financial power of your property to get liquidity without sacrificing occupancy. Loans are available for corporate, partnership firms and self employed individuals; for up to 15 years with attractive interest rates.

Eligibility Criteria

  • Manufacturers, Traders and Service Providers
  • For properties valued above INR 50 Lac
  • Property age at maturity maximum 50 years
  • Minimum age of applicant: 25 years

Documents Required

  • KYC and verification documentation
  • Copies of property papers

Do's and Don'ts

Do’s

  • Make your mortgage or rent payments on time
  • Stay current on all existing accounts
  • Continue to work for the same employer
  • Continue living at your current residence
  • Keep credit card balances at or below 40% of credit limits
  • Call us before doing anything regarding your employment, credit cards or assets.

 

Don't

  • Don’t make a major purchase (car, boat, etc.)
  • Don’t apply for new credit or loans of any kind
  • Don’t change bank accounts or banks unless advised
  • Don’t consolidate your debt into fewer accounts
  • Don’t Deposit cash or non-traceable funds
  • Don’t close credit card accounts
  • Don’t borrow money
  • Don’t transfer checking or savings balances from one account to another
  • Do not give notice to your landlord before consulting with your loan officer