Frequently asked questions
HFS provides both secured and unsecured business loans. MSME customers can avail short-term unsecured or smart business loans between ₹1 Lakh to ₹25 Lakhs. In the case of secured loans, the repayment tenure is longer and they can enjoy higher credit ranging between ₹10 Lakhs and ₹2 Crores.
The eligibility criteria vary according to the business type and specific loan product.
To find out the loan amount you are eligible for, check here or email us at wecare@hfs.in. You can also call us for a home visit or visit any of our branches to get your doubts resolved by our executives.
Yes, the minimum loan amount that you must avail is ₹2,00,000.
HFS offers flexible loan repayment options that depend on the type of loan. You can choose from short-term, medium-term, and long-term tenure options ranging from 1 year to 15 years.
The documents required depend on if you are applying as an individual or a registered company or partnership firm. Check the “documents” section of this page to know more about our documentation requirements.
Applying for an HFS loan is simple. Click here to apply online. Alternatively, you could also email us at wecare@hfs.in or visit any of our branch locations to get in-person assistance.
If you want to change your communication address, please submit the following documents at our branch:
- Service request form
- Self-Attested copy of your new address proof along with the originals for validation
After verification, your new address will be updated in our records within 15 working days.
You can easily make your EMI payments through NACH (National Automated Clearing House).
Post EMI presentation, EMI clearance status will be updated in your loan account within 3 working days. You can also verify the EMI clearance status with your bank.
You can choose to prepay your loan and close it early by visiting any of our branches. Please note that prepayment charges will be applicable in such a case.
We are always happy to assist you! The best way is to book a home visit.
You could also email us at wecare@hfs.in or visit any of our branches.
All our branches are listed on Google Maps, so you can easily search for the nearest HFS branch. We look forward to serving you!
All repayments made to HFS will be made without any deduction whatsoever including Tax Deduction at Source (TDS). As the borrower, you need to deposit an amount equivalent to the TDS with the government treasury and provide HFS with the TDS certificate in Form No. 16A downloaded from the TRACES website on a quarterly basis. The TDS amount should also be reflected in the FORM 26AS statement of HFS with ‘F’ status. HFS will refund you an amount equivalent to the TDS amount within 15 working days of providing the TDS certificate. However, the TDS refund claim will be processed by HFS within one year from the end of the year in which TDS is deductible.