Unsecured Business Loan with easy documentation
Unsecured Business Loans
Hero FinCorp’s offers Unsecured Business Loan up to ₹50 lakhs with a simple, paperless process for both individual proprietors and business entities. With quick disbursal through an automated system, it supports working capital, expansion, asset purchase, and other business needs. Backed by multiple credit programs, widespread approved locations, and flexible tenures up to 48 months, Move it. Fund it. Grow it — with Hero FinCorp.
Business Loan EMI Calculator
Unsecured Business Loan
Flexible Tenure of up to 48 Months
Quick Approval within 48 hours
Low and attractive interest rates
Why choose us ?
- Hero FinCorp is the best-in-class provider of financing solutions for SME's..
- With the faster TAT (Turn around time) in the industry, we stand committed to process your loan within 48 working hours*.
*Terms & Conditions Apply
The Hero Fincorp Advantage!!!
- Avail Unsecured Business Loans up to 50 Lakhs
- Competitive Industry rates for unsecured facilities
- Flexible repayment tenure of up to 48 months.
- Minimal Documentation and trouble-free disbursal.
*Terms & Conditions Apply
OUR APPROACH
- Are you a manufacturer, wholesaler, B2B service provider, distributor or trader who is looking for an easy financing option for your personal requirements or professional endeavors? Our Unsecured business loans can enable you to have quicker access to funds to meet your business operation requirements without any delay.
- We at Hero Fincorp understand your business requirement of a quick hassle free loan option, thereby providing it when you need it most with minimal documentation and faster TAT.
*Terms & Conditions Apply
Our Outlook
- At Hero FinCorp, we believe in providing prompt services and building strong & lasting relationships.
- Our goal is to make loans more affordable for you and finance all your requirements in the most convenient way.
- Act now and take advantage of the pre-approved facility and lightning speed customer service.
*Terms & Conditions Apply
Features and Benefits of a Unsecured Business Loan
Hero FinCorp is a trusted financial partner offering Unsecured Business Loans designed for speed, simplicity, and flexibility. Here’s why we stand out:
- Loan Amount: The Loan can be availed up to 50 lakhs
- Flexible Tenure: Repay at your pace with loan tenures of up to 4 years
- Competitive Interest Rates: Affordable rates to help you manage finances and boost growth
- Quick Approval & Disbursal: Streamlined process with funds disbursed within 48 hours
- Smart Documentation: Enjoy a hassle-free, paper-light application journey
- Collateral-Free Loans: No asset or security required, making access to funds faster and easier
- Flexible Loan Formats: Term, Flexi, and Hybrid options designed for different repayment preferences
Difference between secured loans vs. unsecured loans
- You can avail Unsecured Business Loan without collaterals, whereas, to avail a secured loan, you need to pledge an asset (land, house, gold etc.) as security.
- Since unsecured business loans do not require collateral, they come at a slightly higher interest rate than secured business loans. A good credit score can help you negotiate the rate though.
- Business loans without security are approved faster than secured loans as we do not need extra time to assess asset-related documents.
- While the loan amount in case of secured loans is largely determined by the asset value, in case of unsecured loans, it depends mostly on your credit history.
- In case of unsecured business financing, if you default, your credit score will be negatively impacted. However, in case of secured loans, if you default, the lender can repossess the asset and sell it to recover the debt that is outstanding.
What Our Clients Say About Us
Unsecured Business Loan Application Process
- 01
Before you apply for an Unsecured Business Loan in India, make sure you are eligible. SMEs that have at least 3 years of experience can approach us for this loan. They should have a positive financial and credit history too.
- 02
To apply for a collateral free business loan, you can:
Apply through our online form or
Mail us at corporate.care@herofincorp.com, or
Call us on 1800-103-5271. - 03
Post submitting the form, you will be required to submit documents like the KYCs of borrowers and guarantors, latest audited financials, GST returns for financial year, bank statement of the last 6 months, and list of directors or shareholding patterns if applicable.
- 04
Next, you can choose from different unsecured business loan amount and tenure, based on your requirement, and the documents you have provided.
- 05
Finally, go through the terms and conditions carefully before accepting them, to conclude the application
Unsecured Business Loan Interest Rates and Charges
Please refer below for the Interest rates and charges for Hero Fincorp Unsecured Business Loan
- Interest Rate - 14%-30%
- Loan Processing Charges - As described in Sanction Letter cum KFS
- Foreclosure Charges/Pre-Payment Charges - Pre-Payment is not allowed within 12 months of Repayment start date*(i.e. Lock-in Period)
- After Lock-in Period, pre-payment charges will be 5% plus applicable taxes on Principle outstanding
- HFCL may, at its sole discretion, allows the foreclosure or pre-payment during the lock-in period with prepayment charges of 8% plus applicable taxes on Principle Outstanding
*Date of first instalment (PEMI/ EMI) as per repayment schedule should be considered as Repayment Start date
- Payment Default Charges - 3% per month on overdue amount
- Repayment Bounce Penalty - INR 700/- (per Bounce)
Unsecured Business Loan interest rate in India varies from one financial institution to another and so do the charges. However, the following factors usually determine the rate you will be charged:
Types Of Unsecured Business Loan
Unsecured loans for businesses can be of two types:
Line of credit – This is a flexible loan that you can use multiple times, as per your need. You can draw the required amount of money multiple times and pay (the interest) for only what you use. It is ideal for periodic business payments.
Term loan – This form of unsecured business loan comes in handy when you have a one-time need for capital to purchase a building, land or machinery. As they are offered based on your creditworthiness and not collateral, they have short tenures.
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Frequently Asked Questions (FAQs)
You can reach out to us via the Apply Now forms placed on our website form or you may write to us on Customer.Care@HeroFinCorp.com or call us on 1800-102-4145.
The loan amount is dependent upon your requirement, your credit score and assessment of the companies.
The minimum tenure available for this loan is 12 months and it can go up to 60 months.
There are multiple repayment methods, such as NACH, PDC, etc.
Loan processing usually takes around 1 to 2 working days, provided everything is in order and all required documentation is made available.
We offer customized and structured solutions within regulatory norms based on client requirements.
You can get a complete solution for your business industry needs with Hero FinCorp professional loans.
Our loan tenure ranges between 12 to 60 months as per requirements.
We have provisions for comprehensive solutions at a competitive price.
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.
An unsecured business loan is a business funding solution which requires no personal or business asset as collateral. An unsecured business loan is easier to obtain, quick, hassle-free and short tenure loan for business owners to fulfill their business requirements. Unsecured business loans require the borrower to show a good credit rating, with excellent financial history and business experience. Hero FinCorp offers easy and quick unsecured business loan to Sole Proprietorship, Partnership, Private Limited, Public Limited, Trust/Society and HUF for fast track business growth. Unsecured business loan assists business owners to increase their business cash flow, expand business operations, office renovation, stock up on inventory, technology upgrade, infrastructure, machinery lease, upgrade and purchase.