hero fincorp business loan

Here are a few factors

How To Apply
Product Rating

( 4.6 /5 )

Total - 358 ratings


Mode of Process



70Km from Hero Fincorp Branch

Lending Size and Tenure

5 Lac-25 Lac (12M to 36 M)


Maximum upto 26%

ROI (Fixed/Reducing)


Processing Fees

2% + GST


After 6 Months with applicable Fees

Partial Payment Allowance


Dealing in Unsecured OD



Funding to Negative Profile also provided Inhand Salary is 60k Per Month

hero fincorp business loan EMI Calculator

Interest Type

Loan Amount

Interest Rate


Loan Tenure

Loan Amount100,000
Interest %19 %
Tenure (months)12
Emi (monthly)9,216
Total Interest10,588
Loan Amount + Interest110,588
YearTotal Principal
( A )
Total Interest
( B )
( A + B)
Total Payment Loan Paid Till Date (%)
56,0358,47764,51243,96556.04 %
Jun7,6331,5839,21692,3677.63 %
Jul7,7541,4629,21684,61315.39 %
Aug7,8761,3409,21676,73723.26 %
Sep8,0011,2159,21668,73631.26 %
Oct8,1281,0889,21660,60839.39 %
Nov8,2569609,21652,35247.65 %
Dec8,3878299,21643,96556.04 %
43,9702,11046,0800100.01 %
Jan8,5206969,21635,44564.55 %
Feb8,6555619,21626,79073.21 %
Mar8,7924249,21617,99882.00 %
Apr8,9312859,2169,06790.93 %
May9,0721449,2160100.01 %
Visit Our Website

For the first step, you will have to visit our website to explore the loan options that fit your needs.

Select and Apply

Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.

Submit Your Document

One of the most important steps. Now you will have to submit all the required documents digitally.

Enjoy Your Financial Freedom!

Once your application is approved based on your eligibility, you will receive your loan amount shortly.

Right Documents - Easy Process

Required Documents

PAN Card

Aadhaar Card

Driving Licence

Voter ID


Registered rent agreement

Current passport size photograph

Salaried income documents

Self Employed person documents

Note : Hero Loan may ask for additional documents based on the applicant’s profile. The above list is for reference purposes only.


  • The applicant should be between 25 to 65 years of age.
  • The minimum salary of the applicant should be20K-Existing Hero Fincorp customers & 40K for Others
  • The min. Employment should be 6 months of continuous salary
  • The minimum CIBIL score has to be 700

Documents Required

  • KYC of Applicant (PAN+Passport Size Photo+Adhar Card)
  • Last 6 Month Bank Statement in PDF of other Saving Account
  • Last 3 Month Salary Slip if Salaried customer
  • Last 2 years ITR if self-employed customer
  • Ownership Proof Latest Utility Bill (If rented then rent agreement)
  • Copy of Cancel Cheque of Salary Account or Passbook front page
  • Last 2 Year Form 16
  • Company ID (If not available then Office Mail ID & Land Line Number)
  • Copy of Appointment Letter
  • Any government-issued ID
  • Business continuity proof minimum of 3 years
  • Tax audit report for businessmen

Let us take an example, How EMI is being calculated

For instance, if "Shubham" applies for a Personal loan of INR 1 Lacs and get the loan sanctioned at the rate of 15 % with a tenure range of 36 Months , in such a case his EMI would be INR 3,467 and complete repayment amount till the end of 36 Months tenure would be INR 1,24,795 (i.e 3,467 EMI * 36 Months), wherein the total interest amount is INR 24,795 along with principal repayment of INR ₹1,24,795 . Few additional charges like those of minimal one-time processing fee 2% of the disbursed amount + GST of loan amount may apply. T&C apply.
Year Principal (A) Interest (B) Total Payment (A+B) Balance Principal Loan Paid Till Date
2022 ₹ 20,000 ₹ 1,522 ₹ 21,522 ₹ 0 100.00%
Aug ₹ 4,781 ₹ 600 ₹ 5,381 ₹ 15,219 23.90%
Sep ₹ 4,924 ₹ 457 ₹ 5,381 ₹ 10,296 48.52%
Oct ₹ 5,072 ₹ 309 ₹ 5,381 ₹ 5,224 73.88%
Nov ₹ 5,224 ₹ 157 ₹ 5,381 ₹ 0 100.00%
Leave Your Question


A Business loan is a loan that is taken by a lender and aids financially to take the business to great heights. And in return, this also allows the lender they can take away your business assets if in case you fail to repay the borrowed amount.

 If you are willing to apply for a business loan with Hero FinCorp, you should be between 21 to 65 years of age.

You can apply for the business loan on the Hero FinCorps website itself.

Hero Fincorp offers Personal Loan from Rs. 5,00,000 to Rs.25,00,000. 

 business loan processing fee is a one-time fee that needs to be paid by the customer to get the loan approval started further.

Yes, Indian residents who apply for Hero FinCorp Business loans are eligible for tax benefits on both the principle and the interest amount of the Business loan.