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Get Business Loan in Raipur with Quick Disbursal

Raipur, the capital of Chhattisgarh, is rich in heritage and modernity. Its attractions include the Chitrakote Waterfalls, Sirpur, Champaran, Sitanadi Wildlife Sanctuary, and Dongargarh. The town boasts a blend of historical sites like the Lakshman Temple and modern marvels like the Solar Energy Park and Shaheed Veer Narayan Singh International Cricket Stadium. Raipur is a prominent industrial hub with steel, aluminium, coal, and power industries. Notable features include the Swami Vivekananda Airport, Naya Raipur, Mahant Ghasidas Museum, Nandanvan Jungle Safari, Borai Fort, Jatmai Temple, Town Hall, Gandhi Udyan Park, and Shahid Veer Narayan Singh International Cricket Stadium. If you are a local looking to expand your business in the city, consider Hero FinCorp for the best financial assistance. Apply for a Business Loan in Raipur and take your business to new heights.

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Features And Benefits of Business Loan in Raipur

Check out the list of benefits you will receive when you choose Hero FinCorp as your Business Loan provider in Raipur.

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Ample Loan Amount

Hero FinCorp Business Loan in Raipur offers up to Rs 50 lakh for businesses.

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Attractive Interest Rate

Hero FinCorp Business Loan in Raipur offers competitive interest rates from 14% per annum.

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Collateral Free

Get hassle-free, collateral-free funding with Hero FinCorp Business Loan in Raipur.

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Flexible Repayment Tenure

Choose a 12-48 month repayment tenure with Hero FinCorp Business Loan in Raipur.

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Instant Approval

Experience quick and seamless loan approval with Hero FinCorp Business Loan in Raipur.

Eligibility Criteria for Business Loan in Raipur

Starting a business is simple, but sustaining and expanding it requires consistent financial support. Hero FinCorp offers accessible Business Loans to help you grow.

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Age

Hero FinCorp Business Loans sets age criteria for applicants between 25 and 65 years.

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Occupation

Whether self-employed or managing a business, your professional stature impacts loan eligibility.

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Business Status

A business's longevity reflects stability; we require a minimum of five years of operation.

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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 Raipur

To secure a swift Business Loan with Hero FinCorp, ensure you have the necessary documents ready. Here's a comprehensive list of required documents for business loan for a seamless loan application process.

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Mandatory Documents

KYC documents for all business partners, stakeholders, and directors

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Proof Of Identity

Aadhaar Card, PAN Card, passport, or any other valid identity proof issued by the government

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Business Address Proof

Utility Bills, bank statements, or another document to verify your business address

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Business Continuity Proof

Partnership deed, certificate of incorporation, or another registration document verifying your business structure

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Income Proof

Bank statements for both personal and business accounts showing your cash flow

Other Documents (if applicable)

Balance sheets, profit and loss statements, past few years’ ITR showing your business performance

Interest Rates and Charges for Business Loan in Raipur

Hero FinCorp provides a competitive Business Loan interest rate in Raipur, starting at 14%. The rates vary based on the loan amount and tenure, offering borrowers both fixed and floating rate options.

Maximum Loan Amount

₹5 Lakh to ₹ 50 Lakh

Maximum Loan Tenure

1 Years (Min.) – 4 Years (Max)

Interest Rate

Starting from 14% P.A.

Processing Fee

Minimum Processing fee is 1%+ GST

Foreclosure Charges

As described in Sanction Letter cum KFS

How To Apply For a Business Loan in Raipur?

Suppose you are considering taking an instant Business Loan in Raipur from Hero FinCorp. In that case, you have two options: apply online through their secure website or apply in person at their Raipur branch office. Here is a summary of the application process for both methods:

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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

The mode of repayment for a Business Loan is usually through equated monthly instalments (EMIs) over the agreed tenure.
To get a Business Loan approved for an online business, demonstrate a solid business plan, reliable cash flow, and a good credit history.
Yes, taking a Business Loan can impact your CIBIL score. Timely repayments positively affect your creditworthiness, while defaults can negatively impact you.