# Hero Fincorp business loans

> Hero Fincorp is on Recur Club's lender panel, writing secured term loan, unsecured business loan. Observed tickets run ₹30 lakh to ₹30 lakh, priced between 17% and 18%. Median turnaround from application to disbursal is about 45 days.

Source: https://www.recurclub.com/lenders/hero-fincorp
Last updated: 2026-09-29

## Products and indicative terms

Observed on live transactions. Not an offer or a quote.

| Product | Ticket | Rate | Tenure |
|---|---|---|---|
| Unsecured Business Loan | ₹0.3 cr | 17–18% | 24–36 mo |

Also offered, with no terms observed yet: Secured Term Loan.

## Eligibility - HERO FINCORP LIMITED

### Will not fund

- Lender is not processing in the area

### Prefers

- At decile 5, borrower is eligible for ₹30–40 lakhs

### Screening gates and observed behaviour

- Borrower: CIBIL ≥650 · avoid: Mining Tech, Mining Equipment, Services for Mining Industry, Gems and Jewellery, Gambling and Betting, Lottery Business, Tobacco Products, Explosives, Arms and Ammunitions · Karnataka · Private Limited, Sole proprietorship, Limited Liability Partner
- Financials: runway ≥12mo · exisiting debt: 25 · rev ≥₹1cr · TOL/adjusted tangible net worth ≤5 · maximum runway: 24 · debt/EBITDA ≤4 · debt/networth ≤4 · DSCR ≥1
- Deal: rate 15–25% · ticket ₹0.1–50cr · tenure 12–36mo · no PEP
- Security (observed): Personal Guarantee Of Promoters / Directors / Property Owner (100%) · 1st/pari-passu charge on current assets (100%) · FD margin 5–10% (100%) · 1st charge on immovable assets (100%)
- median ticket ₹0.5cr
- median rate 18%
- median turnaround 45d
- Security asked in : Personal Guarantee Of Promoters / Directors / Property Owner (×2)
- Security asked in 2026: Personal Guarantee Of Promoters / Directors / Property Owner (×1), 1st/pari-passu charge on current assets (×1), FD margin 5–10% (×1), 1st charge on immovable assets (×1)

## Eligibility - HERO MOTOCORP LIMITED

### Screening gates and observed behaviour

- Borrower: CIBIL ≥650 · Punjab
- Financials: TOL/adjusted tangible net worth ≤5 · debt/EBITDA ≤4 · debt/networth ≤4 · DSCR ≥1

## Sanctioned terms (from 16 real sanction letters)

### Sanctioned amount: median ₹24L (₹15L–₹45L) · NEW ×1

- median ₹24L (₹15L–₹45L) · NEW ×1

### Typical covenants: - Periodic reporting / MIS obligation — 19% of letters (e.g. "Borrower shall provide an End-use Certificate from the Chartered Accountant within 90 days from the date of every draw down or before the date of subsequent dra…")

- Periodic reporting / MIS obligation — 19% of letters (e.g. "Borrower shall provide an End-use Certificate from the Chartered Accountant within 90 days from the date of every draw down or before the date of subsequent dra…")

### Term sheet by ticket size: (facilities, largest first)

- (facilities, largest first)

## Common questions

### What does Hero Fincorp lend?

Hero Fincorp writes secured term loan, unsecured business loan. Across those, observed facilities run ₹30 lakh to ₹30 lakh.

### What ticket size does Hero Fincorp offer?

Facilities observed on live transactions run from ₹30 lakh to ₹30 lakh. The band differs by product, so the figure that applies to you depends on which facility you are asking for.

### What rate does Hero Fincorp charge?

Rates observed on live transactions fall between 17% and 18% a year. Tenures run 24 to 36 months. These are observed figures, not a quote, and the rate you are offered depends on your file.

### How long does Hero Fincorp take to disburse?

About 45 days from application to disbursal at the median, where the file is complete. Missing financials, unresolved security or a pending no-objection from an existing lender are what usually stretch it.

### What are Hero Fincorp's eligibility criteria?

The first screen is the bureau: a borrower CIBIL of at least 650. Revenue, leverage and debt-service thresholds apply on top and vary by product. The full credit box for each product is set out on this page.

---

Check which lenders fund a business like yours: https://www.recurclub.com/recur-market
All lenders: https://www.recurclub.com/lenders

Lender intelligence dossier - screening gates, per-product terms and sanction observations, derived from lender policy documents and observed transactions. Figures are observed from a sample and are not an offer, a commitment, or a statement of Hero Fincorp's current policy.