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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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Here are a few factors

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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

Share & Apply

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.

Work Process

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%

FREQUENTLY ASKED QUESTIONS

What is the minimum required business turnover to apply for a Hero Fincorp Business Loan?

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

What is the minimum required business Vintage to apply for a Hero Fincorp Business Loan?

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 '.

What are the processing fees for Hero Fincorp Business Loan for Small Segments?

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

Can a Partnership firm apply for a Hero Fincorp Small Segment Business Loan?

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

Is providing a Co-applicant to apply for a Hero Fincorp Small Segment Business Loan mandatory?

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

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