Hero FinCorp is currently engaged in consumer finance businesses and commercial lending. The company was launched in 1992 as Hero Honda Finlease Ltd by extending working capital loans and medium-term finance to component suppliers and dealers of parent firm Hero MotoCorp, then called Hero Honda Motors Ltd. Their consumer finance arm includes financing Hero MotoCorp two wheelers, loyalty customer loans (top up loans for existing customers) and providing loans against property. On the commercial lending side it provides Indian corporates with a wide portfolio of financing products which include working capital loans, machine loans among others. It is a captive finance company of Hero MotoCorp Ltd. In early 2020, the company launched SimplyCash and entered the instant cash loan segment.