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Drive your business to new heights with Hero FinCorp's unsecured business loan. We stand committed to provide you with timely assistance for scaling up your business and be your partner in your growth process.
Unsecured business loan with easy documentation
Flexible Tenure of up to 5 years
Quick Approval within 48 hours
Low and attractive interest rates
*Terms & Conditions Apply
*Terms & Conditions Apply
*Terms & Conditions Apply
*Terms & Conditions Apply
Before you apply for an unsecured small business loan in India, make sure you are eligible. SMEs that have at least 5 years of experience can approach us for this loan. They should have a positive financial and credit history too.
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.
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.
Next, you can choose from different unsecured business loan amount and tenure, based on your requirement, and the documents you have provided.
Finally, go through the terms and conditions carefully before accepting them, to conclude the application
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:
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.
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.