HFS provides a combination of secured and unsecured business loans as per the need of the customer.
Short-term smart business loans to MSME customers are offered between Rs. 1 Lac to Rs. 25 Lacs.
Long-term secured business loans to MSME customers are offered between Rs. 10 Lacs to Rs. 2 Crores.
The minimum loan amount is Rs. 2,00,000
HFS offers short-term, medium-term and long-term tenure options ranging from 1 year to 15 years.
In case you wish to change the communication address, please submit the following documents at our branch:
After necessary verification by our branch, the new address will be updated in our records within 15 working days.
You can pay the EMI through NACH (NATIONAL Automated Clearing House)
Post EMI presentation, EMI clearance status will be updated to your loan account in 3 working days. You can also verify EMI clearance status with your banker.
You can choose to prepay your loan by visiting any of our branches. Prepayment charges are applicable on early closure of loans.
All repayments to be made by the borrower to HFS shall be made free and clear of, and without any deduction whatsoever including Tax Deduction at Source (TDS). The borrower shall deposit an amount equivalent to the TDS with the government treasury and provide HFS the TDS certificate in Form No. 16A downloaded from the TRACES website on a quarterly basis. Further, the TDS amount should be reflected in the FORM 26AS statement of HFS with 'F' status. HFS will refund to the borrower an amount equivalent to the TDS amount within 15 working days of the borrower furnishing the TDS certificate in the manner aforesaid on a quarterly basis. However, the TDS refund claim will be entertained by HFS within one year from the end of the year in which TDS is deductible.