Business Loan

Check your Business Loan eligibility in 1 minute

With simplified documentation and speedy approvals, getting the loan couldn't get easier.
You can check Business loan eligibility online and across all our branches.

Why take a Business Loan from HDFC Bank?Apply now for an HDFC Bank Business Loan.

Features

  • Convenience of contacting us through SMS, Webchat, PhoneBanking and across all Branches
  • Business Loan eligibility in 1 minute available online & across all branches
  • Self employed customers get exclusive higher loan amount
  • Best in class offerings on loan amount, interest rates and charges, for HDFC bank A/c customers

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Benefits

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Calculator

Are you eligible for a Business Loan? See our 1 Minute Eligibility Calculator.

 

Status of Loan Application

Click here to view the status of your Business Loan application.

Why take a Business Loan from HDFC Bank?

Whatever be your need we have a loan for you. Over the years we have won the trust of our customers and have become market leader in loan products.

Enjoy triple benefits when you take a Loan from HDFC Bank:

  • Faster loan - Our loan sanction and disbursal is one of the quickest with easy documentation and doorstep service.
  • Competitive pricing – Our loan rates and charges are very attractive
  • Transparency – All charges are communicated up front in writing along with the loan quotation

Features and Benefits of Business Loan

Features

You will get some exclusive features and benefits with your HDFC Bank Business Loan

  • In - Principle loan eligibility in 1 Minute online and across all branches
  • Convenience of contacting us through SMS, Webchat, Click2Talk, PhoneBanking and across all Branches
  • Business Loan is also available on the basis of repayment of home loans, auto loans and credit cards.
  • Loam Amount up to Rs. 15 Lakhs (Up to Rs. 40 Lakhs in selected locations).
  • Flexible repayment options ranging from 12 - 36 Months.
  • Credit Protect Insurance Plan:
    We help you take care of your loved ones with a Credit Protect Plan to cover your loan at a nominal premium.*

    In case of Natural / Accidental Death of the customer, the customer / nominee can avail of the Payment Protection Insurance (Credit Protect) which insures the principle outstanding on the loan up to a maximum of the loan amount.

    We will charge a premium for this product, and the premium amount will be deducted from the loan amount at the time of disbursal. We will also charge service tax and applicable surcharge/cess at the rates notified by the government.

    Secure your business loan with Credit Protect.

    Key benefits of policy
    • Protects the family by paying off the loan amount in case of death of the customer
    • Life Coverage – provides peace of Mind
    • No need to use other savings to repay the loan
    • Tax Benefits as per applicable laws
    • One convenient package - loan + insurance

* Premium will be charged for Credit Protect will be deducted from the loan amount at the time of disbursal.

(* terms and conditions of the Insurers shall apply, Above product is offered by HDFC Life Ins Co.ltd)

Already have a Business Loan?

Reduce your EMI, transfer your existing Business Loan to us. Business Loan balance transfer offers special and exclusive benefits.

  • Interest rate as low as 15.49* % on existing loan transfer.
  • Processing fees as low as 0.99%

Now reduce your EMI burden with our balance transfer programme.

Apply now for a Business Loan Balance Transfer.

Eligibility Criteria & Documentation for Business Loan

Get details on eligibility criteria & documents required for HDFC Bank Business Loan

Self Employed including Individual Proprietors, Private Ltd. Co. and Partnership Firms involved in the Business of Manufacturing, Trading or Services.

With:

  • Minimum Turnover of Rs. 40 Lakhs.
  • Years in business: Minimum of 3 years in current business and 5 years total business experience
  • Business must be profit making for the last 2 years
  • Minimum Annual Income (ITR): Rs. 1.5 Lakhs p.a.
  • Age of Applicant: Min 21 years & Max. 65 years at the time of loan maturity.

Documents you will need to submit:

  • PAN Card – For Company /Firm/ individual.
  • Proof of your identity: Copy of Aadhaar Card/Passport/Voter’s ID card/driving license.
  • Proof of your address: Copy of Aadhaar Card/Telephone bill/Electricity bill/Passport.
  • Bank Statement (latest 6 months)
  • Latest ITR along with computation of income, Balance sheet and Profit & Loss a/c for the last 2 years. Financial should be CA Certified /Audited.
  • Proof of continuation (ITR/Trade license /Establishment /Sales Tax certificate)
  • Other Mandatory Documents (Sole Prop. Declaration Or Certified Copy of Partnership Deed, Certified true copy of Memorandum & Articles of Association (certified by Director) & Board resolution (Original)

Loan at the sole discretion of HDFC Bank Ltd.

Business Loan Interest Rates & Charges

Enclosed below are HDFC Bank Business Loan Interest Rates & Charges

FeeCharges
Rack Interest Rate Range 17.00% to 22.00%
Loan Processing Charges* Up to 2.50% of the loan amount subject to a minimum of Rs. 1,000/- & Maximum of Rs. 75000/-
Prepayment No pre-payment permitted until repayment of 6 EMIs
Pre-payment charges* 07-24 Months - 4% of Principal Outstanding
25-36 Months - 2% of Principal Outstanding
>36 Months - NIL
No Due Certificate / No Objection Certificate (NOC) NIL
Duplicate no due certificate / NOC* NIL
Solvency Certificate Not applicable
Charges for late payment of EMI @ 24 % p.a on amount outstanding from date of default
Charges for changing from fixed to floating rate of interest Not applicable
Charges for changing from floating to fixed rate of interest Not applicable
Stamp Duty & other statutory charges As per applicable laws of the state
Credit assessment charges Not applicable
Non standard repayment charges Not applicable
Cheque swapping charges* NIL
Loan Re-booking charges / Re-scheduling charges* NIL
Loan cancellation charges* NIL (However Inerest would be charged for the interim period between date of loan disbursement and date of loan cancellation and processing fees would be retained)
Cheque Bounce Charges Rs 450/- per cheque bounce
Legal / incidental charges At actual
CIBIL Report Copy Charges Rs.50 Per Copy

Charges which are in nature of fees are inclusive of service tax.

Loan at the sole discretion of HDFC Bank Ltd.

* Revised charges are applicable to all loan applications from 1st August 2013.

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