Hero Fincorp Ltd. is a non-banking financial company (NBFC) engaged in extending retail finance for the two-wheeler sales of Hero Motor Corp. Ltd, bill discounting for Hero Motor Corp. Ltd’s suppliers, loans to small and medium enterprises, loan against property (LAP), used car financing and personal loans. Moreover, Hero Fincorp Ltd’s subsidiary, Hero Housong Finance Ltd, received a housing finance licence from National Housing Bank (NHB) in August 2017. Hero Fincorp Ltd was incorporated in December 1991 under the name Hero Honda FinLease Limited. Following a change in the ownership of its parent, Hero MotoCorp Limited (formerly Hero Honda Motors Limited), the company changed its name to Hero Fincorp Limited in July 2011. Until April 2013, Hero Fincorp Ltd extended term loans, machinery loans, and bill discounting facilities primarily to entities within the HMCL ecosystem. It subsequently expanded its operations to entities outside the HMCL ecosystem and started extending loans for Hero Motor Corp. Ltd’s two-wheelers, used cars financing, personal loans, LAP, etc
