Turnover Less Than Equal To Rs 5 Crores

Enjoy priority processing for your working capital requirements through a dedicated relationship manager and doorstep service.

Working Capital Finance

HDFC Bank offers you a unique range of working capital facilities at your door-step. We offer affordable, convenient financial solutions which are of paramount importance in running an efficient enterprise.

You can choose from the range of customized working capital loans for smooth business operations.

Types of Working Capital

  • Cash Credit / Overdraft
  • Term Loan (TL)
  • Letter of Credit (LC)

Products Offered

  • Valuedraw - Working Capital Facilities from Rs. 10 Lacs to Rs. 25 lacs against wide range of collaterals adding more value to Business
  • Elitedraw - Take your business to Elite heights with our Working Capital Solutions for from Rs. 25 lac onwards against wide range of collaterals.

Valuedraw

Providing financial assistance to first-time borrowers/ existing borrowers an efficient working capital solutions from the Emerging Enterprises Group, the Valuedraw over draft facility !

Why choose this product?

What documents needs to be submitted?

  • CA Certified/Audited Financial statements
  • Previous Six month bank statements
  • Term loan re-payment track record if any
  • Collateral Documents
  • Any other documents as per bank’s discretion based on individual case merit.

Elitedraw

Providing working capital solutions which assists you in taking your business to scale new heights !!!

Why choose this product?

What documents needs to be submitted?

  • Financial statements
  • Previous Six month bank statements
  • Term loan re-payment track record if any
  • Collateral Documents
  • Any other documents as per bank’s discretion based on individual case merit.

Interest Rate, Charges and Fees

Processing Fees Upto 1% (plus taxes) of the facility amount or Rs 7500/- whichever is higher
Rs 5000/- plus taxes will be collected upfront as non-refundable administrative cost towards the legal and valuation expenses incurred prior loan sanction.
Renewal Fees Upto 0.75% (plus taxes) of facility amount. Taxes as applicable
Additional Interest Charged @ 18.00% p.a. for Overdue / delay / default of any monies payable
Commitment Charges Average Utilisation> 60% - Nil charges
Average utilisation < 60%- 0.50% p.a on the difference between the actual utilisation and average quarterly utilisation of 60%.

- Charges will be levied on a quarterly basis
Applicable only for CC/OD facility
Pre-Payment Charges Charged upto 2% of the total limits sanctioned, in case the facilities are taken over by another Bank during the tenor of the loan. For Term Loans it would be charged on Principal Outstanding as on date .
Loans pre-paid from own sources will not attract pre-payment charges.
Stamp Duty & other statutory charges As per applicable laws of the state
Legal / Valuation NIL
No Due Certificate / No Objection Certificate (NOC) NIL
Intra Day Peak utilization charges NIL
Duplicate no due Certificate / NOC Rs. 250/-
Non-Submission of property/stock insurance 2% Additional Rate of interest on the amount out-standing.
Penal Interest @2% additional on existing ROI for non-submission of Insurance / Stock Statement
Stock-audit charges Credit facilities from Rs 1 Cr to 5 Cr- Rs 6000
Credit facilities > Rs 5 cr -Rs 10000
ROC filling charges (On customer request) Rs 3000/- per filing on availing bank empanneled vendor services. Customers may also avail services of other vendors as per their convenience.
Issuance of Solvency certificate 1% of the solvency certification value subject to minimum of Rs 1000 and maximum of Rs 25,000
Cheque bounce charges for term loans Rs 450 Per cheque bounce
Late payment penalty 24% per annum on the amount out-standing from date of default.
Temporary over-draft 18% per annum on the amount utilised above the sanctioned credit limit.
Commission on LC/BG issuance Upto 1.5% on LC/BG Amount
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