Hero FinCorp offers a Loan Against Property (LAP) with a maximum limit of ₹7.5 crores or up to 75% of the property's market value, whichever is lower. The loan supports business expansion with funding between ₹20 lakhs and ₹7.5 crores at interest rates starting from 9.5.

Hero FinCorp's LAP allows borrowers to access high-value funding with flexible tenures and digital convenience, making IT suitable for business growth and financial restructuring. Hero FinCorp offers Loan Against Property (LAP) with a maximum loan amount of ₹7.5 crores, subject to a loan-to-value (LTV) ratio of up to 75%. The lender provides funding for business expansion ranging between ₹20 lakhs and ₹7.5 crores, with interest rates starting from 9.5 p.a.. Repayment tenures are structured to support long-term business growth, with options extending up to 20 years. The following table presents a full overview of Hero Fincorp Loan Against Property features, eligibility benchmarks, and financial parameters as of 2026:

Hero FinCorp charges a processing fee of 2.5% of the loan amount plus applicable taxes. Prepayment is not allowed within the first 12 months; after that, a charge of 5% of the outstanding principal plus applicable taxes applies.

Charges vary based on loan size and borrower profile, but all are disclosed upfront in the sanction letter. - Proof of identity: Aadhaar card, PAN card, or passport - Proof of residence: Utility bill, rental agreement, or Aadhaar card - Income proof: Latest 6 months' bank statements, salary slips, or ITR for self-employed - Property documents: Title deed, property valuation report, and encumbrance Certificate - Business proof (if self-employed): GST registration, business license, or ITR - Bank account details: Cancelled cheque or passbook copy - Photographs: Passport-size photograph with digital consent Aadhaar card and PAN card are mandatory for KYC verification. For self-employed applicants, ITR for the last 2 years is required to assess income stability. A ₹50 lakh loan at 9.5 with a 15-year tenure results in an EMI of ₹4,892 less than at 18. Prepayment reduces principal faster, cutting interest costs by up to ₹1.1 lakh over 5 years for a ₹50 lakh loan. The following table shows EMI calculations for different loan amounts, tenures, and interest rate scenarios:

A 1% increase in interest rate raises the EMI by ₹4,400–₹5,800 for a ₹50 lakh loan over 15 years. For self-employed applicants, higher risk premiums may apply, increasing effective rates by up to 1.5% over salaried profiles. The The 1. 2. 3. 4. 5. 6. 7. Hero Hero Fincorp offers a loan-to-value (LTV) ratio of up to 75% for Loan Against Property, with maximum loan amounts reaching ₹7.5 crores depending on property valuation and credit profile. Borrowers can access funding between ₹20 lakhs and ₹7.5 crores for business expansion, with interest rates starting from 9.5. The lender provides tailored LAP solutions for self-employed professionals and SMEs, requiring at least 2 years of business continuity and stable income. For salaried applicants, a minimum of 6 months of employment and monthly income of ₹15,000 is required, with age between 21 and 58 years.

Hero Fincorp allows LAP for both residential and commercial properties, enabling higher borrowing limits compared to personal loans. The structured digital process reduces turnaround time, with in-principle approval possible within hours. Hero FinCorp allows prepayment only after 12 months, with a 5% charge on the outstanding principal plus taxes. Most banks and HFCs waive prepayment charges on floating rate loans as per RBI guidelines, giving borrowers more flexibility.

Key Takeaways

• Hero FinCorp charges a 5% prepayment fee after 12 months, while SBI, HDFC, and ICICI waive such charges on floating rate loans as per RBI norms.
• Hero FinCorp's processing fee starts at 9.5, higher than banks like SBI (0.35%) and LIC HFL (up to 0.5%), increasing overall borrowing cost.
• While Hero FinCorp offers up to 75% LTV for residential property, SBI and Bajaj Housing extend similar limits with longer tenures of up to 20 years.

Check eligibility and apply at the official Hero FinCorp website.