Hero FinCorp (a subsidiary of Hero MotoCorp) is a prominent Indian Non-Banking Financial Company (NBFC) that processes loans every 10 seconds. The company operates in the consumer finance and commercial lending space. Its portfolio includes various retail loan products like two-wheeler loans, personal loans, used car loans, and loyalty loans. Additionally, it offers corporate loans, including SME loans, business loans against property, unsecured business loans, medical equipment financing, working capital loans, inventory funding, doctor’s loans, as well as emergency credit solutions for small, medium, and large businesses.
Apart from these, Hero FinCorp also provides services like leasing, bill discounting, and other related financial offerings.
The company boasts a robust presence across India, with more than 2,000 retail touchpoints and partnerships with over 2,000 corporate clients. With plans for future growth, Hero FinCorp aims to expand its offerings and geographic reach while continuing to deliver top-notch financial services to diverse customer segments.
In April 2013, the company introduced two-wheeler loans for customers, and by 2014, it diversified into providing loans against property and financing solutions for small and medium-sized enterprises, as well as commercial lending.
Originally established in December 1991 as Hero Honda Finlease Ltd, the company was focused on providing working capital loans and medium-term finance to suppliers and dealers associated with Hero MotoCorp. Its registered office is based in New Delhi. Following the restructuring of Hero Honda Motors in 2011, the company was rebranded as Hero FinCorp and acquired its current structure.