High Loan Amount
Dealing with cash flow is one of the most common concerns of an entrepreneur. Therefore, to assist aspiring entrepreneurs, Hero FinCorp provides business loans ranging from Rs 3 lakh to Rs 40 lakh.
INTRODUCTION
Known as the Steel City, Jamshedpur in Jharkhand is India's first planned industrial city. While Jamshedpur is well-known for its iron and steel industries, it also drives the growth of sectors such as construction and industrial equipment, cement, commercial vehicles and engines, and power, among others. In addition, Jamshedpur is rich in minerals such as iron ore, bauxite, granite, and coal, which are exported to South Africa, Saudi Arabia, Nepal, and Bangladesh. Since Jamshedpur is a key source of revenue for Jharkhand, the city houses many small and medium businesses. If you too own a business in India's Steel City, you can easily obtain funds for expansion and other business needs from one of the many business loan providers in Jamshedpur. But if you are looking for quick business loan approval and the best rates of interest, then you must visit Hero FinCorp.
FEATURES AND BENEFITS OF BUSINESS LOAN IN JAMSHEDPUR
A business loan offers solutions to numerous short term and long-term financial challenges faced by a small or medium-sized company. When you apply for a Hero FinCorp small business loan in Jamshedpur, you not only get a fast disbursement but also benefit from its following features:
Multi-Purpose Loan
At Hero FinCorp, we do not tell our customers about how they should use the small business loan money. Our small business loan in Jamshedpur gives businesses complete control over their funds and they can spend the money for several business purposes.
Unsecured Loans
If you need funds for your business but do not have any business assets, we can help. Our small business loans in Jamshedpur come with zero collateral requirements, helping businesses to meet their financial obligations with ease.
Competitive Interest Rate
We know how tough it is to keep afloat in the business. Given this, to make it easier on your budget, Hero FinCorp provides small business loans in Jamshedpur at competitive interest rates along with the flexibility of up to 60 months in repayment tenure.
HOW TO APPLY FOR A SMALL BUSINESS LOAN IN JAMSHEDPUR?
Obtaining funds for your business from Hero FinCorp is very simple. Visit our branch in person or go to our website to complete the application process. The complete offline and online application process is detailed below.
OFFLINE METHOD
- 1
Visit our branch or outlet in Jamshedpur.
- 2
Check your eligibility for our business loan.
- 3
Fill up the application form. Enter your personal details, the loan amount, and the preferred repayment period.
- 4
Go through our terms and conditions to see if you agree with them. Sign the form and submit it.
- 5
Complete the relevant paperwork.
- 6
After a successful assessment of your application, the funds will be transferred to your account within 48 hours of approval.
ONLINE METHOD
- 1
Click here for our online application.
- 2
You may also express your interest in applying with us by emailing us at corporate.care@herofincorp.com or call us on 1800-102-4145.
- 3
Fill up the application form with your personal information, the loan amount, and the repayment period, and upload the relevant documents.
- 4
Following submission, you will be given a reference number and contacted by one of our executives for additional information.
- 5
Based on a thorough analysis of your profile, we will send you a personalised offer detailing the maximum loan amount and the interest rate you are eligible for.
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The amount will be deposited into your account shortly after you accept the offer.
Eligibility Criteria for Small Business Loan in Jamshedpur
Before applying for our business loan in Jamshedpur, check the table below to see if you qualify for our loan.
Occupation
Sole Proprietorship, Partnership Firms, Private Limited Company, Public Limited Company, Trust/ Society and HUF
Business Status
SMEs must have at least 5 years of business experience.
Maximum Loan Amount
You can get a business loan amount ranging from Rs 3 lakh to Rs 40 lakh.
Maximum Loan Tenure
Flexible tenure up to 5 years.
Documents Required for Small Business Loan in Jamshedpur
Here is the list of documents needed while submitting your business loan application with Hero FinCorp.
- KYC documents of borrowers and guarantors
- Latest audited financials
- GST returns for the financial year
- Last 6 months bank statement
- List of directors or shareholding patterns (if applicable)
Frequently Asked Questions (FAQs)
Different business loan providers in Jamshedpur have their own set of qualification and documentation requirements. However, if you are applying with us, we would consider the following factors while assessing your application.
- Business vintage and applicant's age
- Business revenue, profit, and annual turnover
- Nature of your business
- Business credit history
While applying for small business financing, you will require the following documents:
- Proof of identity
- Proof of address (residence and business)
- Business continuity proof
- Business financial records
- Proof of income
- Passport size photographs
Hero FinCorp provides flexible repayment tenure of up to 60 months. Based on your convenience and budget, you can choose a tenure ranging from 12 months to 60 months.
Your credit history demonstrates your ability to pay back the debt. It assists us in determining how you have paid previous debts and whether you have ever defaulted on a loan. Having a clear track record of credit history boosts your loan approval chances.