High Loan Amount
Now, make the best of all the business opportunities coming your way with Hero FinCorp's small business loan in Bangalore. With us, you can get a loan for the amount ranging from Rs 3 lakh to Rs 40 lakh.
INTRODUCTION
The capital of Karnataka, Bangalore is often called the Silicon Valley of India. India’s IT capital is a hotspot for aspiring and innovative business minds. The city houses offices of many Fortune 500 companies and is the thriving ground for many industries such as aerospace, pharmaceuticals, biotechnology, automobile, and mining, among others. Amid all this, many small and medium-sized businesses based in Bangalore have found opportunities for success and growth, thus, driving the demand for business loans in Bangalore. If you too are looking for a small business loan in Bangalore, then Hero FinCorp can assist you with your financing needs.
FEATURES AND BENEFITS OF BUSINESS LOAN IN BANGALORE
When you apply for a Hero FinCorp small business loan in Bangalore, you get a lot more than the convenience of a simplified application process. Some of the features and benefits of Hero FinCorp loan are:
Collateral Free Loan
Now get funds for your business without putting your assets at risk. Simply visit Hero FinCorp, show us your repayment potential and get an unsecured small business loan in Bangalore based on your profile.
Minimum Documentation
Hero FinCorp's business loan documentation process has been made easier than ever before. To apply with us, all you need is KYC documents, income proof, and some of your business documents.
Multi-purpose Loan
Hero FinCorp's business loan in Bangalore comes with flexibility in its usage. You can utilise the funds for numerous business purposes such as machinery purchase, business or staff expansion, and more.
HOW TO APPLY FOR A SMALL BUSINESS LOAN IN BANGALORE?
Applying for a private business loan in Bangalore with Hero FinCorp is easy. Applicants can initiate their application either offline or online.
OFFLINE METHOD
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Visit Hero FinCorp's branch or outlet in Bangalore.
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Ask our executives about minimum qualifying conditions and the documentation process.
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Ask for a loan application form and fill in your basic details along with desired business loan amount and term.
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Read the fine print before signing the application form.
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Submit a copy of your documents such as KYC proof, income proof, and business existence proof.
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Once our representatives are satisfied with your documents, we will deposit the funds directly to your bank account within 48 hours of approval.
ONLINE METHOD
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To fill the online application form Click here
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You may also apply for a loan by reaching us at corporate.care@herofincorp.com or contact us at 1800-102-4145
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On the online application form, fill in your basic details, desired business loan amount, and loan tenure.
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Submit the softcopy of all the mandatory documents.
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If your information meets our qualifying criteria, you will be sent a reference number to your registered phone number or email address. Keep the reference id for future purposes.
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One of Hero FinCorp's executives will contact you in the next stage to gather additional information from you.
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After our representatives have verified all your details, you will receive a personalised loan offer in the mailbox detailing the maximum loan amount as well as the business loan interest rate.
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After you accept our offer and terms and conditions, we will credit the loan amount to your account within 48 hours of approval.
Eligibility Criteria for a Business Loan in Bangalore
Before applying for a Hero FinCorp small business loan in Bangalore, you must go through our eligibility criteria.
Occupation
Sole Proprietorship, Trusts/ Society, Partnership Firms, Private Limited Companies, Public Limited Companies and HUF.
Business Status
SMEs must have at least 5 years of experience.
Maximum Loan Tenure
Flexible loan term up to 5 years.
Maximum Loan Amount
You can apply for a loan amount ranging between Rs 3 lakh and Rs 40 lakh.
Documents Required for a Business Loan in Bangalore
If you are planning to avail of a business loan from us, you must know the mandatory documents beforehand.
- KYC documents of borrowers and guarantors
- Recent audited financials
- GST returns for the financial year
- Last 6 months bank statement
- List of directors or shareholding patterns (if applicable
Frequently Asked Questions (FAQs)
You can improve your small business loan eligibility by doing the following things:
- Boost your company's creditworthiness.
- Improve the profitability of your company.
- Make sure to file your tax returns on time.
- Maintain accurate financial records.
If you are applying for a Hero FinCorp business loan, then based on your profile, you can get funds ranging from Rs 3 lakh to Rs 40 lakh.
Your credit history helps borrowers to evaluate the risk of lending associated with your profile. It highlights your previous debt status and EMI payment patterns. The lender may reject your application if you have defaulted on a previous loan and have skipped EMIs in the past.