Recent Search and Popular Product
Business Loan
Personal Loan
Home Loan
Education Loan
Car Loan
Credit Card
Loan Against Security
Loan Against Property
Explore Your Options
HDFC Bank Business Loan ( Small Vertical)
A secure funding backup is the first step to ensure for every business. However, in the competitive market of newly emerging start-ups every day, securing Business funds is harder than ever. In this scenario, small businesses are struggling even more to get funding and establish their name in the market.Powered By
_img.webp&w=256&q=75)
HDFC Bank Business Loan ( Small Vertical)
Apply Now
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 |
Required Documents
Pan Card
Identity Proof
Address Proof
Business ownership proof
Business Registration Proof
Previous 6 month’s Bank Statement
Latest ITR, Balance Sheet and Profit-Loss Account
Required Eligibility
The age of the applicant/co-applicant must be between 21-65 years
The minimum turnover of the business must be Rs. 40 Lacs
Either the Office or Residence of the applicant must be owned and within the jurisdiction of the HDFC Branch
FREQUENTLY ASKED QUESTIONS
The starting interest rate of HDFC Business Loan Smal Vertical is 16% onwards.
Yes, it is mandatory for the business to provide a registration proof
The foreclosure Charges of HDFC Business Loan Smal Vertical is 4% onwards
Yes, it is mandatory to provide a co-applicant if the Applicant is other than a Proprietorship Firm
Copyright 2024 © Referloan.in.