Business Loan
in Surat

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INTRODUCTION

Surat is one of the major commercial centres in India. Since the time of British Rule in India, Surat has been a major contributor to the country’s economy. Also known as the Diamond City, Surat has a thriving business landscape dominated by the textiles, chemicals, and diamond processing industries. Surat offers numerous growth opportunities to small and medium businesses. There is a growing demand for business loans and business loan provider in Surat. If you too are looking for a trustworthy and reliable loan provider in Surat, then search no more. Your quest ends here with Hero FinCorp.

Features and Benefits of Business Loan in Surat

When your firm is striving to seize a new opportunity in Surat but is short on funds, a Hero FinCorp business loan can come to your rescue. Some of the common features and advantages of our business loan product are:

High Loan Amount

When you apply with us, we ensure that your existing business needs are completely met. Based on your business income and credit, we offer a loan amount ranging between Rs 5 lakh and Rs 25 lakh.

Fast Disbursal

Hero FinCorp truly understands your needs. Keeping your urgency in mind, we credit the funds to your account within 48 hours of approval. Plus, our eligibility and documentation requirements are also kept to a minimum.

Flexible Tenure

Now choose a repayment period that best matches your budget in terms of EMI. Hero FinCorp allows you to choose business loan terms for a period ranging from 12 months to 36 months.

Tax Benefits

Treat your business loan interest payment as a business expense and claim a deduction for the same under certain sections of the Income Tax Act, 1961.

How to Apply for a Small Business Loan in Surat?

Hero FinCorp's business loan application process has been made simpler than ever before. You can apply for a loan with us either online or visit our branch office in person. Here’s how you can go about applying for a loan at Hero FinCorp.

Offline Method:

01

Visit our branch or outlet in Surat.
02

Our representatives will assist you in understanding the paperwork and eligibility requirements.
03

Enter your details, desired loan amount, and business loan term on the business loan application form.
04

Before submitting the form, read the terms and conditions listed at the bottom of the application form.
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Submit needed documents such as a copy of KYC, audited business financials, and income proof.
06

Before approving the loan, our representatives will evaluate the lending risk associated with your profile.
07

Following the approval, the funds will be transferred to your current account within 48 hours.

Online Method:

01

Click here to fill an online business loan application.
02

You can also apply by calling our toll-free number 1800-102-4145 or writing to us at corporate.care@herofincorp.com
03

Enter your details, desired loan amount, and business loan term on the online business loan application form.
04

Submit documents such as a softcopy of KYC, audited business financials, and income proof.
05

Following submission, you will receive a reference number.
06

Hero FinCorp's representative will connect with you for further steps.
07

After we have verified and evaluated your details, we will send you a personalised offer including the loan amount and interest rate.
08

Following your acceptance, Hero FinCorp will transfer the amount to your account within 48 hours of approval.

Eligibility Criteria for Small Business Loan in Surat

Before you spend time and effort filling out our business loan application form, check the eligibility requirements listed below:

Parameters	Description
Occupation	Sole Proprietorship HUF Trusts/ Society Private Limited Companies Public Limited Companies Partnership Firms
Business Status	SMEs must be operational for at least 5 years.
Maximum Loan Tenure	Flexible loan term up to 3 years.
Maximum Loan Amount	Borrowers can get funds for the amount as little as Rs 5 lakh and as much as Rs 25 lakh.

Documents Required for Small Business Loan in Surat

If you have all the mandatory documents on hand, obtaining a business loan from Hero FinCorp is very simple.

Recent audited financials

KYC documents of borrowers and guarantors
GST returns for the financial year
Bank account statement (last six months)
List of directors or shareholding patterns (if applicable)

Frequently asked questions(FAQs)

Q. How much time would it take to disburse my business loan in Surat?

Many factors influence business loan approval and disbursement. If you meet our minimum eligibility conditions, the funds will be released to your account within 48 hours of approval.

Q. What is the minimum and maximum tenure of a small business loan in Surat?

Business loans usually come with a shorter tenure. If you wish to apply with us, you can choose a repayment tenure ranging from 12 months to 36 months.