High Loan Amount
Hero FinCorp offers Business Loans in Ambala with funding up to Rs 50 lakh for diverse needs.
Get Business Loan in Ambala with Quick Disbursal
Ambala, a municipal corporation in Haryana, is known for its cultural and historical attractions. Tourists can explore the Bhawani Amba Temple, Badshah Bagh Gurudwara, Sis Ganj Gurdwara, and St. Paul's Church. The city's vibrant markets, like the Cloth Market, offer a variety of goods at wholesale rates. Ambala is renowned for its scientific instruments industry and gold jewellery craftsmanship. As a major railway junction in Northern India, Ambala Cantonment serves as a major transportation hub connecting various states. For this reason, many businesses are thriving in this city, and entrepreneurs are expanding their footprint to nearby areas. To get instant business funds for expansion or franchise, consider taking advantage of Business Loans in Ambala from Hero FinCorp.
Business Loan EMI Calculator
Features And Benefits of Business Loan in Ambala
Hero FinCorp Business Loans in Ambala come with various features and benefits. Let's look at some of them.
Attractive Interest Rate
Hero FinCorp offers competitive Business Loan interest rates in Ambala, providing cost-effective financing.
Collateral Free
Hero FinCorp offers collateral-free Business Loans in Ambala, providing convenient borrowing options.
Flexible Repayment Tenure
Hero FinCorp offers Business Loans with flexible repayment tenures upto 48 months to match your business's cash flow.
Instant Approval
Hero FinCorp offers quick Business Loan approval, providing prompt access to funds for your business needs.
Eligibility Criteria for Business Loan in Ambala
Commencing a business might appear straightforward, yet sustaining and expanding it requires continuous financial backing. Hero FinCorp offers convenient Business Loans to companies with over 5 years of operational experience.
Age
Hero FinCorp Business Loans sets age criteria for applicants between 25 and 65 years.
Occupation
Whether self-employed or managing a business, your professional stature impacts loan eligibility.
Business Status
A business's longevity reflects stability; we require a minimum of five years of operation.
Maximum Loan Tenure
Our loan terms can span up to 4 years. This helps borrowers in better financial planning.
Maximum Loan Amount
With a vision to elevate businesses, our loans go up to Rs 50 Lakhs.
Minimum Income
No minimum income is required, but consistent revenue highlights your business's financial health.
Documents Required for a Business Loan in Ambala
To ensure a smooth application process for a quick Business Loan from Hero FinCorp, applicants need to gather the required documents. Here is a list of the necessary business loan documents.
Mandatory Documents
KYC documents for all business partners, stakeholders, and directors
Proof Of Identity
Aadhaar Card, PAN Card, passport, or any other valid identity proof issued by the government
Business Address Proof
Utility Bills, bank statements, or another document to verify your business address
Business Continuity Proof
Partnership deed, certificate of incorporation, or another registration document verifying your business structure
Income Proof
Bank statements for both personal and business accounts showing your cash flow
Interest Rates and Charges for Business Loan in Ambala
In Ambala, Hero FinCorp offers competitive interest rates on Business Loans. Borrowers can choose between fixed and floating rates based on the loan amount and tenure, with a minimum interest rate of 14%.
How To Apply For a Business Loan in Ambala?
To apply for a Business Loan from Hero FinCorp in Ambala, you have two options: visiting the branch or applying online. Below are the simple steps for each method:
Online
- 1
Visit the Hero FinCorp website and reach the Business Loan page.
- 2
Fill out a business loan application form and upload the required documents.
- 3
Enter the Business Loan amount and select repayment tenure.
- 4
If you fulfil the eligibility criteria, you will receive a reference number.
- 5
A representative will contact you for further details.
Frequently Asked Questions
Hero FinCorp offers loans ranging from Rs 5,00,000 to Rs 50,00,000 based on the business and credit profile.
Eligibility criteria for instant Business Loans in Ambala include being an Indian citizen aged between 25 and 65 years, self-employed (professionals or non-professionals), and businesses such as LLPs, private limited companies, partnerships, and trusts with at least 5 years of experience.
No, individuals who are new to the business may not qualify for a Business Loan from Hero FinCorp. Eligibility criteria typically require applicants to be Indian citizens aged between 25 and 65 years, with a business operational for at least 5 years.
At Hero FinCorp, we provide unsecured Business Loans in Ambala with a maximum loan amount of Rs 50,00,000, subject to the business and credit profile.
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