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HDFC Bank Business Loan ( Small Vertical)
HDFC Bank Business Loan ( Small Vertical)
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HDFC Bank Business Loan ( Small Vertical)
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HDFC Bank Business Loan ( Small Vertical)Here 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 ( Small Vertical) 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 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
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HDFC Bank Business Loan ( Small Vertical)
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