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Hero Fincorp Small Segment Business Loan
Hero FinCorp is the fastest growing company, so if you wish to take a business loan within just 30 seconds, then you should surely contact this company.
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Hero Fincorp Small Segment Business Loan
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Hero Fincorp Small Segment Business LoanHere are a few factors
| 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 |
Hero Fincorp Small Segment Business Loan EMI Calculator
Interest Type
Loan Amount
Interest Rate
Loan Tenure
| Loan Amount | ₹100,000 |
| Interest % | 7 % |
| Tenure (months) | 12 |
| Emi (monthly) | ₹ 8,653 |
| Total Interest | ₹ 3,832 |
| Loan Amount + Interest | ₹ 103,832 |
| Year | Total Principal ( A ) | Total Interest ( B ) | Balance ( A + B) | Total Payment | Loan Paid Till Date (%) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ₹ 24,351 | ₹ 1,608 | ₹ 25,959 | ₹ 75,649 | 24.35 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ₹ 75,654 | ₹ 2,223 | ₹ 77,877 | ₹ 0 | 100.01 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Documents Required for Hero Fincorp Business Loan
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KYC of applicant & Co-Applicant
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Last 3 year ITR with computation of income of applicant & co-applicant
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Last 3 year audited balance sheet of applicant
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Last 3 year Tax audit report of applicant
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Last 12 month Bank Statement of applicant & co-applicant
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26AS of last 2 year of applicant & co-applicant
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Copy of GST registration
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Copy of MSME registration
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Copy of Last 12 month GST return
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Sanction letter of all running loan
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Debt Sheet
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Latest utility Bill of residence if owned or rent agreement if rented
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Latest utility Bill of Office if owned or rent agreement if rented
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2 Reference with contact details
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Last 3 year Debtors & Creditors on letter head
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List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP
Some Important Points
- Company-MOA, AOA, COI , PAN Card
- Partnership Firm/LLP- Partnership Deed & PAN Card
- Proprietorship Firm- PAN Card, Adhaar Card, Passport size photo
- KYC means Adhaar Card, PAN Card, Passport Size Photo
- Company : Directors
- Partnership firm/LLP : Partners
- Proprietorship Firm : Spouse of Proprietor
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.
Save Your Time with a Simple Loan Process
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% |
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