Bill Discounting Or Invoice Discounting

SME loans are specially designed loans for SME’s and small businesses. They are designed to be in sync with the unique requirements and operating constraints which small businesses encounter during various phases of their business.

Yes, moratorium period is allowed under this scheme, though the maximum period should not exceed 96 months.

LTV or Loan to Value ratio, is ratio of the loan amount to the realizable value of the underlying asset or security.

Yes. A small percentage of limit will be charged as pre-payment penalty.

ECS stands for Electronic Clearance Service, and it is used to electronically transfer money between bank accounts, and is commonly used for making monthly EMI payments.

The usual repayment methods include PDC, ECS, and more.

These loans are available for buildup of current assets, fixed assets, capacity expansion, modernization and short term working capital including shoring up of net working capital.

Yes. Loans can be availed through transferring an existing loan from other banks, NBFCs or financial institutions.

You can avail this loan for a period starting from 12 to 84 months or 1 to 7 years.

We offer pre and part payment facility at a very nominal charges. The amount charged may vary by sub-product and/ or location.

Typical business requirements include new product launch, warehousing needs, expansion to new locations, entering new product categories, hiring new employees, marketing and many more such business related needs.

Hero FinCorp provides loans to address the financing requirements of SMEs. We help SMEs with financing solutions which are user-friendly and can be adapted to the unique needs and requirements of SMEs & Small Businesses operating in India.

The documentation requirement for availing corporate loans or loans for commercial purposes, vary by product, location and entity type.

The loan application process can be a lot simpler if one keeps the following in mind: 1. Update your financial records, 2. Know the value of your assets, and 3. Keep your banking/ financial statements handy.

Fill in our Apply Now form on our website followed which we will get in touch with you or you can also call us on 1800-103-5271 or write to us at corporate.care@herofincorp.com.

The maximum eligible loan amount is decided based on your requirement, credit assessment, industry outlook, past performance and expected future cash flows.

Sales bills which are billed to reputed OEMs and companies are accepted for discounting.

A wide range of securities are accepted. The includes properties such as land & real estate; equipment such as plant & machinery; Fixed Deposits, Deposit Certificates, Kisan Vikas Patra, National Savings Certificates, securities issued by Central and State Governments, gold and other cash equivalents; life insurance policies; and others. Please note the applicability of the above depends upon the overall assessment of the borrower.

It takes 10-15 working days to process the loan provided everything is in order.

We have dedicated Relationship Managers for all corporate clients. You can get in touch with them if you have any queries about our products, services or in case of any issues regarding our loan application or approval process. Also, you can use the customer care section of this website to raise any query.

No, foreclosure of your loan will have no impact on your credit score. Once the loan is foreclosed the same will be reported to credit rating agency as closed.