Hero Fincorp

Hero FinCorp Limited is a prominent Non-Banking Financial Company (NBFC) in India, established in 1991 as Hero Honda FinLease Limited. It underwent a rebranding after Hero MotoCorp acquired full ownership, leading to its current name. The company is recognized for its extensive range of financial services, including:

• Two-Wheeler Loans

• Used Car Loans

• Personal Loans

• Home Loans

• SME and Commercial Loans

• Digital Loans

Business Operations

Hero FinCorp is known for its rapid loan disbursement, reportedly processing loans every second. The company operates through nearly 2,000 retail outlets and serves over 2.5 million customers across approximately 1,900 cities and towns in India. It has a strong focus on providing financing solutions to underserved segments of the population, particularly in the micro, small, and medium enterprise (MSME) sectors.

Ratings and Recognition

The company has received an "AA+" rating with a stable outlook from credit rating agencies such as CRISIL and ICRA. This rating reflects its strong financial position and operational capabilities.

Strategic Goals

Hero FinCorp aims to expand its market presence by leveraging technology and enhancing its distribution network. The company is also focused on diversifying its loan portfolio to reduce dependency on traditional funding sources.

Overall, Hero FinCorp is positioned as a key player in India's financial services sector, leveraging its association with Hero MotoCorp to strengthen its brand and operational capabilities.