Chennai, formerly known as Madras during British rule, is the capital of Tamil Nadu. Sometimes referred to as the ‘Detroit of Asia,' Chennai is not just known for its automobile industry but is also a major centre for hardware manufacturing, software services, medical tourism, and financial services. Chennai houses a diverse and metropolitan crowd due to the numerous business and service opportunities the city offers. This has led to an increased demand for business loans in the city and most of it is catered to by the numerous private finance companies in Chennai. We, at Hero FinCorp, offer some of the best business loan plans with great features and benefits.
There are many private finance companies in Chennai, but when you apply for Hero FinCorp’s business loan, you enjoy the following perks and features.
When you apply for a private business loan in Chennai with Hero FinCorp, you not only get a competitive interest rate but a high loan amount as well. In Chennai, we provide small business loans ranging from Rs 3 lakh to Rs 40 lakh.
To help you run your business smoothly, Hero FinCorp's small business loan in Chennai comes with a flexible repayment term of 36 months. It means that, based on your needs and budget, you can choose a loan term ranging from 12 to 60 months.
Timely access to funds is critical for any business’s growth. Keeping this in mind, Hero FinCorp's small business loan in Chennai turnaround time is less than 48 hours.
You don't have to put your assets up as collateral to secure a private business loan in Chennai. Hero FinCorp provides a business loan based on your profile, such as your income, and credit history.
When opting for a small business loan in Chennai, Hero FinCorp provides you with the choice of applying either offline or online.
Visit our business loan branch or outlet in Chennai.
Before applying for business financing, check our minimum qualifying criteria and mandatory documents.
Fill the offline small business loan application form by furnishing your details, choosing the required loan amount, and selecting the repayment tenure.
Read and accept our small business loan terms and conditions.
Attach the photocopy of your KYC documents and income proof, among other documents.
Once we verify and approve your application, the business loan amount will be credited to your account shortly.
To visit our online business loan application page, click here.
You may also initiate your application by writing us at corporate.care@herofincorp.com or call us at 1800-102-4145 .
On our online application page, fill out the required details and upload the softcopy of the essential documents.
Select the business loan amount and the repayment period.
If you match our minimum qualifying conditions, we will email or text you a reference number. Save it for future reference.
In the next step, one of our executives will get in touch with you for further details.
On the successful verification of your details and documents, we will send you a personalised loan offer detailing the interest rate and loan amount.
Once you accept our offer and agree to our terms and conditions, we will disburse the amount to your account within 48 hours of approval.
If you are looking to apply for a small business loan in Chennai with Hero FinCorp, you must meet our minimum qualifying conditions as mentioned below.
Sole Proprietorship, Partnership Firms, Society/ Trusts, Private Limited Companies, Public Limited Companies and HUF.
A minimum of 5 years of business experience is mandatory for SMEs.
Flexible repayment tenure up to 5 years.
A business loan is available for a sum ranging from Rs 3 lakh to Rs 40 lakh.
To avail of a small business loan in Chennai from Hero FinCorp, you must furnish the following documents at the time of filing your application.
When you apply for a private business loan in Chennai, we will evaluate the following factors.