Here are a few factors

Rating 4.6 /
Total - 656 ratings
5
490
4
123
3
12
2
5
1
26
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

Leave Your Question

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