hero fincorp business loan

Here are a few factors

Product Rating

( 4.6 /5 )

Total - 358 ratings

Location PAN INDIA
CIBIL Score 680+
Processing Online
Business Vintage 3 Year
Minimum Turnover 50 Lac+
Loan Amount & Tenure 5 Lac-40 Lac
(12 Month to 36 Month)
Loan Product Term Loan-40 Lac, OD Product-15 Lac
Rate of Interest & Type 18%-21% (Reducing)
TAT Sanction-3 Days
Disbursement-7 Days
Processing Fees 1.50% to 3%
Foreclosure Charges 4%
Applicant Type Individual, Proprietorship Concern, Partnership Firm/LLP/Company
Whether Co-Applicant Mandatory Yes if Applicant is Other than Proprietorship Firm
Proprietor Age/Co-Applicant Age 24 Year to 65 Year
Part Payment Allowed Yes with applicable charges
Whether Ownership Proof Required Yes, Either Office or Residence must be owned
Business Registration Proof Mandatory Yes
Program 1. Banking-30 Lac
2. GST Program-30 Lac
3. Income-40 Lac
Product for Professionals No
Negative Profile Advocates, Share Traders, Liquor, School, Real Estate,Aviation Sector,Tour & Travel,
Both Side Rented,Grain Trader
USP Loan without financial upto 30 lac
Additional 1. Minimum 51% Shareholding required on Loan if applicant is LLP/Partnership firm/Company
2. Minimum Bankin g Churning required-80%

hero fincorp business loan EMI Calculator

Interest Type

Loan Amount

Interest Rate


Loan Tenure

Loan Amount100,000
Interest %18 %
Tenure (months)12
Emi (monthly)9,168
Total Interest10,016
Loan Amount + Interest110,016
YearTotal Principal
( A )
Total Interest
( B )
( A + B)
Total Payment Loan Paid Till Date (%)
100,00210,014110,0160100.00 %
Jan7,6681,5009,16892,3327.67 %
Feb7,7831,3859,16884,54915.45 %
Mar7,9001,2689,16876,64923.35 %
Apr8,0181,1509,16868,63131.37 %
May8,1391,0299,16860,49239.51 %
Jun8,2619079,16852,23147.77 %
Jul8,3857839,16843,84656.15 %
Aug8,5106589,16835,33664.66 %
Sep8,6385309,16826,69873.30 %
Oct8,7684009,16817,93082.07 %
Nov8,8992699,1689,03190.97 %
Dec9,0331359,1680100.00 %
Right Documents - Easy Process

Documents Required for Hero Fincorp Business Loan

  • KYC of applicant & Co-Applicant
  • Last 3 year ITR with computation of income of applicant & co-applicant
  • Last 3 year audited balance sheet of applicant
  • Last 3 year Tax audit report of applicant
  • Last 12 month Bank Statement of applicant & co-applicant
  • 26AS of last 2 year of applicant & co-applicant
  • Copy of GST registration
  • Copy of MSME registration
  • Copy of Last 12 month GST return
  • Sanction letter of all running loan
  • Debt Sheet
  • Latest utility Bill of residence if owned or rent agreement if rented
  • Latest utility Bill of Office if owned or rent agreement if rented
  • 2 Reference with contact details
  • Last 3 year Debtors & Creditors on letter head
  • List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP

Some Important Points

1. KYC Means If Applicant is
  • Company-MOA, AOA, COI , PAN Card
  • Partnership Firm/LLP- Partnership Deed & PAN Card
  • Proprietorship Firm- PAN Card, Adhaar Card, Passport size photo
For Co-Applicant
  • KYC means  Adhaar Card, PAN Card, Passport Size Photo
Co-Applicant means in case of
  • Company : Directors
  • Partnership firm/LLP : Partners
  • Proprietorship Firm : Spouse of Proprietor
2. If applicant is professional, then his professional degree is required

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

About Hero Fincorp Business Loan

Discover the Potential of Your Company with a Fincorp Business Loan: Your Fast Track to Success!

It's not only about borrowing; it's also about putting your business first in the success lane. Hero Fincorp Business Loan is designed to meet your business needs with its reasonable interest rates, easy processing, and dedication to your success story.

With a business loan from Hero Fincorp, you can power up the motor of your company and see your dreams quickly come true. Buckle up for a journey marked by invention, expansion, and unheard-of successes.

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.

Let us take an example, How EMI is being calculated

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. 1,00,000 to Rs.40,00,000. 

 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.