Here are a few factors

Rating 0 /
Total - 0 ratings
Location PAN INDIA
CIBIL Score Score Card
Processing Online
Business Vintage Minimum 2 ITR Required
Minimum Turnover No Turnover Criteria
Loan Amount & Tenure 1 Lac-5 Lac
(12 month to 60 month)
Loan Product Term Loan
Rate of Interest & Type 7%- 16% (Flat)
TAT Sanction-1 Days
Disbursement-7 Days
Processing Fees 2% to 4%
Foreclosure Charges 4%
Applicant Type Only Individual or Proprietorship Firm
Whether Co-Applicant Mandatory No
Proprietor Age/Co-Applicant Age 21 year to 57 Year
Part Payment Allowed No
Whether Ownership Proof Required Not required, Both Side Rented-Loan upto 3 Lac
Business Registration Proof Mandatory No
Program 1. Banking-5 Lac
2. ITR-5 Lac
Product for Professionals No
Negative Profile Advocates, Share Traders, Liquor, School, GYM, Man Power industry, Civil Contractor, Real Estate,
Jewellers, Coal Industry, Aviation Sector,Tour & Travel, Auto Mobile
USP 1. Funding on ITR Basis (Minimum ITR required-2.50 Lac)
2. Funding on score card basis no CIBIL required
3. Funding to Both Side Rented Profile
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


No specific business turnover criteria are mentioned. For more information, contact Hero Fincorp Customer Care.

To apply for a Hero Fincorp Small Segment Business Loan, the applicant must have a minimum of 2 years of business operation, also known as 'business Vintage '.

The processing fees of Hero Fincorp Business loan for Small Segment is 2-4% of the borrowed amount

No, only individuals and Proprietorship firms can apply for Hero Fincorp Small Segment Business Loan

No, providing a Co-applicant to apply for a Hero Fincorp Small Segment Business Loan is not mandatory.