High Loan Amount
You never know when a business financial requirement will knock on your door. With Hero FinCorp, you need not plan way ahead of time because we offer you business loans ranging from Rs 3 lakh to Rs 40 lakh.
INTRODUCTION
One of the largest cities in Tamil Nadu, Coimbatorehas evolved into a major hub forthe cotton and textile industry in India. With perfect climatic conditions for cotton cultivation, Coimbatore encompasses almost all aspects of the cotton textile industry.The city is also famous for industries such as metal fabrication, mechanical engineering, and agriculture engineering. This opens up a vast range of opportunities for businesses of all sizes. While there are many business loan providers in Coimbatore, finding the one who can help you meet your business requirements without pushing you to the edge with stringent loan repayment terms could be a bit difficult. However, with Hero FinCorp, you can make the best of business loan products without worrying about the high interest rates or too short a loan term.
FEATURES AND BENEFITS OF SMALL BUSINESS LOAN IN COIMBATORE
Are you contemplating applying for Hero FinCorp’s business loans in Coimbatore? If yes, then here are the reasons why you should not delay it any further:
Unsecured Loan
Fulfil all your business needs without putting your assets at risk. Get a small business loan in Coimbatore from Hero FinCorp,and that too without having to put up any collateral.
Hassle-free Loan
Are you repelled by the idea of waiting for days, with a huge stack of documents,to get your business loan approved? Well, that’s not how it works atHero FinCorp. With us, stay assured that your loan application method and processing will be quick and hassle-free.
Tax Advantage
When you take a small business loan in Coimbatore, you get the chance to save a significant amount of taxes under the Income Tax Act of 1961. Simply declare your interest payments as a business expense to qualify for a tax exemption.
HOW TO APPLY FOR A SMALL BUSINESS LOAN IN COIMBATORE?
With Hero FinCorp, now get a fast business loan disbursement by choosing any of the following application methods:
OFFLINE METHOD
- 1
Visit our branch or outlet in Coimbatore.
- 2
Check to see if you are eligible for our small business loan or not.
- 3
Fill out the business loan application form and sign it. Also, mention the preferred loan amount and term.
- 4
Check whether or not our terms and conditions are acceptable to you.
- 5
Complete the mandatory paperwork.
- 6
After successful reviewing of your profile, the funds will be credited to your account within 48 hours of approval.
ONLINE METHOD
- 1
To fill a business loan application online Click here
- 2
To express your interest in applying with us, email us at corporate.care@herofincorp.com or call us a 1800-102-4145
- 3
Fill out our online application form, making sure to include the loan amount and repayment time.
- 4
Upload the required documents. Post uploading, a reference number will be sent to you.
- 5
Our officials will connect with you to gather more details.
- 6
A personalised offer will be offered to you after a successful assessment of your profile. The loan amount and interest rate are specified in the offer document.
- 7
We will transfer the funds to your account once you accept our offer.
Eligibility Criteria for Small Business Loan in Coimbatore
Does your business demand immediate funds? Don't worry. If you match our qualifications listed below, you can acquire a business loan in Coimbatore in as littleas 48 hours.
Occupation
Trusts/ Society, Sole Proprietorship, HUF, Partnership Firms, Public Limited, Companies, Private Limited Companies
Business Status
Five years of experience is mandatory for SMEs.
Maximum Loan Tenure
Flexible term up to 5 years.
Maximum Loan Amount
You can avail of funds between Rs 3 lakh and Rs 40 lakh.
Documents Required for Small Business Loan in Coimbatore
Here’s the list of documents that you must keep ready while applying for Hero FinCorp’s business loan in Coimbatore.
- KYC documents of borrowers and guarantors
- Latest audited financials
- GST returns for the financial year
- Last six months bank statement
- List of directors or shareholding patterns (if applicable)
Frequently Asked Questions (FAQs)
Hero FinCorp offers flexibility in terms of repayment tenure as borrowers can choose a period between 12 months and 36 months to payback the loan.
The interest rate on your small business loan in Coimbatore is determined by your business’s:
- Revenue and annual turnover
- Profitability
- Credit history
- Nature of your business