Here are a few factors

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Location 50Km from Branch
CIBIL Score 650+
Applicant Any Self Employed
Applicant Age 25 Year to 75 Year
Loan Amount & Tenure 20 Lac- 8 Cr
( 3 Year to 15 Year)
Login Fees 5900
Rate of Interest & Type 12%-15% (Reducing)
TAT 5 days
Processing Fees 1.50% to 3% of loan amount
Foreclosure Charges Upto 4%
Insurance As per Age
Minimum Business Vintage 1 Year
Lock In Period 12 month
Part Payment Allowed No
LTV (i) Residential-65% (ii) Commercial-60% (iii) Industrial-40% (vii) Godown & Warehouse-50% 
Product (i) Fresh Loan (ii) BT+Topup (iii) Lease Rental Discounting (iv) Seller BT (v) Commercial or Industrial Purchase
Program (i) Banking Program-5 Cr
(ii) Income Program-8 Cr
(iii)Low LTV-5 Cr
(iv) LIP Program-5 Cr 
FOIR 80% of Cash Profit 
Cautious Profile (i) Builders (ii) Real Estate (iii) Person living in dominated area (iv) Share Traders(v) Liquor Seller
Negative Profile (i) Politian (ii)NBFC (iii) Salaried Applicant
Funded Property (i) Residential Property (ii) Commercial Property (iii) Industrial Property (iv) Hotel & Restaurant
(v) Auction Property (if auction before 3 year) (vi)Godown & Warehouse (vii) PG Property & Multi Tenanted Unit (viii) Lal Dora
(ix) Regularized Colony (x) Gram Panchayat Property (xi) Sub-Divided Property (xii) Stone Slab Property
(xiii) Legal & Technical not Clear (xiv) Nursing Home (xv) Subject to Registry Property
Negative Property (i) Lease hold Property without PTM (ii) Stand Alone Basement (iii) Hospital (iv) School (v) Plot
Accepted Collateral Other than Negative Property
Specific Property wise Funding Limit No
Any Specific Product for Professionals No
USP Funding upto 5 Cr on Cash Income
Additional DOD Product not doing
Right Documents - Easy Process

Required Documents to Apply for Hero Fincorp Loan Against Property

Salaried income documents

  • KYC of applicant & Co-Applicant
  • Last 3 Month Salary Slip of Applicant
  • Last 12 month Bank Statement of applicant & co-applicant
  • Last 3 year ITR with computation of income of applicant & co-applicant
  • Last 2 Year Form 16 of applicant
  • 26AS of last 2 year of applicant & co-applicant
  • Appointment letter of applicant if available
  • Agreement to Sale if purchase case
  • Property Paper with complete chain of last 13 years
  • LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
  • Sanction letter of all running loan
  • Latest utility Bill if owned residence or rent agreement if rented
  • 2 Reference with contact details

Self Employed person documents

  • 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
  • Agreement to Sale if purchase case
  • Property Paper with complete chain of last 13 years
  • LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
  • 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 LAP is applied with Government Bank then 30 year chain is required
3. If applicant is professional, then his professional degree is required
01
Visit Our Website

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

02
Select and Apply

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

03
Submit Your Document

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

04
Enjoy Your Financial Freedom!

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