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HDFC Bank Business Loan
HDFC Bank allows its collateral-free business loans of up to Rs. 50 lakh to its customers with an interest rate range of 16% - 18% p.a., with a repayment period of 1 year to 3 years
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HDFC Bank Business Loan
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HDFC Bank Business LoanHere are a few factors
| Location | PAN India |
| CIBIL Score | 700+ |
| Processing | Offline |
| Business Vintage | 3 Year |
| Minimum Turnover | Minimum:Banking Product-60 Lac, Income-1 Cr Maximum: Banking 35 Cr,GST- 15 Cr, Income 100Cr |
| Loan Amount & Tenure | 1
Lakhs - 50 Lakhs For Internal Customer-75 Lac (12 month to 48 Month) |
| Loan Product | Fixed EMI Base |
| Rate of Interest & Type | 16% -18%(Reducing) |
| TAT | Sanction-2 Days, Disbursement-7 Days |
| Processing Fees | 2% |
| Foreclosure Charges | 4% |
| Applicant Type | Individual, Proprietorship Concern, Partnership Firm/LLP/Company |
| Whether Co-Applicant Mandatory | Yes if Applicant is Other than Proprietorship Firm |
| Proprietor Age/Co-Applicant Age | 21 Year- 65 Year |
| Part Payment Allowed | No |
| Whether Ownership Proof Required | Yes, Either Office or Residence must be owned and within jurisdiction of HDFC Branch |
| Business Registration Proof Mandatory | Yes |
| Program | ABB
Program-Loan up to 35 Lakhs GST Surrogate-15 Lakhs (To Existing Customer-25 Lac) Banking Turnover Program-60 Lac, Income Program-75 Lac, Both Side Rented-10 Lac |
| Product for Professionals | MBBS & MD- Banking Program 25 lac (On receipt of 10 Lac) ROI 12% to 14% |
| Negative Profile | School, Grain Traders, Textile Industry, Share Traders, GYM, Auto Mobile, Liquor, Aviation Sector, Tour & Travels, Real Estate |
| USP | Financial Not required Ito apply Upto 35 lac |
| Additional | 1. Minimum 51% Shareholding required on Loan if applicant is LLP/Partnership firm/Company |
HDFC Bank Business Loan EMI Calculator
Interest Type
Loan Amount
Interest Rate
Loan Tenure
| Loan Amount | ₹100,000 |
| Interest % | 16 % |
| Tenure (months) | 12 |
| Emi (monthly) | ₹ 9,073 |
| Total Interest | ₹ 8,877 |
| Loan Amount + Interest | ₹ 108,877 |
| Year | Total Principal ( A ) | Total Interest ( B ) | Balance ( A + B) | Total Payment | Loan Paid Till Date (%) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ₹ 23,530 | ₹ 3,689 | ₹ 27,219 | ₹ 76,470 | 23.53 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ₹ 76,471 | ₹ 5,186 | ₹ 81,657 | ₹ 0 | 100.00 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Save Your Time with a Simple Loan Process
Visit Our Website
For the first step, you will have to visit our website to explore the loan options that fit your needs.
Select and Apply
Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.
Submit Your Document
One of the most important steps. Now you will have to submit all the required documents digitally.
Enjoy Your Financial Freedom!
Once your application is approved based on your eligibility, you will receive your loan amount shortly.
Documents and Eligibility Required for HDFC Bank Business Loan
Let’s look into the eligibilities and required Documentation to make your application process even smoother:
Documents Required
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KYC of applicant & Co-Applicant
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Last 3 year ITR with computation of income of applicant & co-applicant
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Last 3 year audited balance sheet of applicant
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Last 3 year Tax audit report of applicant
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Last 12 month Bank Statement of applicant & co-applicant
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26AS of last 2 year of applicant & co-applicant
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Copy of GST registration
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Copy of MSME registration
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Copy of Last 12 month GST return
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Sanction letter of all running loan
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Debt Sheet
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Latest utility Bill of residence if owned or rent agreement if rented
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Latest utility Bill of Office if owned or rent agreement if rented
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2 Reference with contact details
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Last 3 year Debtors & Creditors on letter head
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List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP
Note : HDFC Bank Business Loan may ask for additional documents based on the applicant’s profile. The above list is for reference purposes only.
Some Important Points
If Applicant is
- Company-MOA, AOA, COI , PAN Card
- Partnership Firm/LLP- Partnership Deed & PAN Card
- Proprietorship Firm- PAN Card, Adhaar Card, Passport size photo
- KYC means Adhaar Card, PAN Card, Passport Size Photo
Co-Applicant means in case of
- Company : Directors
- Partnership firm/LLP : Partners
- Proprietorship Firm : Spouse of Proprietor
About HDFC Bank Business Loan
HDFC Bank allows its collateral-free business loans of loan amount up to Rs. 50 lakh to meet urgent demands of its customers. The HDFC bank's interest rate range is 16% - 18% p.a., with a repayment period of 1 year to 3 years. Current business loan borrowers of other lenders may transfer their loans at lower interest rates through HDFC Bank.
FREQUENTLY ASKED QUESTIONS
It doesn't matter whether a woman entrepreneur completes an online loan application form or applies for a business loan or other type of loan. As long as she fills in the application form online, she can apply for a business loan or other types of loans.
HDFC bank allows its clients to use a Cash credit account in order to meet working capital needs. This is an upfront short-term loan on the strength of an applicant's credit history.
To apply for an HDFC bank overdraft, you must be an existing or ongoing account holder with the bank for the last six months. You must be in good relation with the bank and can apply online or at a branch.
A processing fee of up to 2.00% of the loan amount is applicable. Also, NIL Processing Fees for loan facilities up to Rs. 50 Lakh are availed by Micro & Small Enterprises and are subject to URC submission prior to disbursal.
A fixed ROI of 16% to 18% applies to the HDFC business loan. The exact charge can be determined post considering your eligibility for the same.
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