FEATURES
ELIGIBILITY
FEES & CHARGES
Enclosed below are HDFC Bank Business Loan Interest Rates & Charges
Senior Citizen Customers are eligible for discount of 10% on all service charges
Fee | Charges |
---|---|
Rack Interest Rate Range | Minimum 10.00% and maximum 22.50% |
Loan Processing Charges | Up to 2.00%* of the loan amount |
Premature Closure Charges (For Full Payment) | Premature closure Charges (applicable on principal outstanding) post Cooling Period off / look-up Period.
|
Premature Closure Charges (For Part payment) | Partial Premature closure charges (applicable on part payment amount) :-
Partial premature payment is allowed up to 25% of Principal Outstanding, only once in the |
Loan Closure Letter | NIL |
Duplicate Loan Closure Letter | NIL |
Solvency Certificate | Not applicable |
Delayed instalment payment charge | 18% p.a plus applicable government taxes on overdue instalment amount |
Charges for changing from fixed to floating rate (An interest rate that is allowed to move up and down with the rest of the market or along with an index.) of interest | Not applicable |
Charges for changing from floating to fixed rate (An interest rate that will remain at a predetermined rate for the entire term of the loan.) of interest | Not applicable |
Stamp Duty and other statutory charges | As per applicable laws of the state |
Credit assessment charges | Not applicable |
Non standard repayment charges | Not applicable |
Repayment mode change charges | ₹500 |
Amortization Schedule Charges | Rs. 50/- per schedule for physical copy. Customer can also download from website free of cost. ₹ 450 Per Instance |
Legal/Incidental Charges | At actuals |
Loan cancellation Charges & Rebooking Charges | Loan cancellation Charges: Loan cancellation is allowed within cooling off/look-up period from the loan disbursement date. In the event of loan cancellation, interest charged from date of disbursement till the date of loan cancellation will be borne by the customer. Processing Fee, Stamp duty, other statutory charges and GST are non-refundable charges and would not be waived/refunded in case of loan cancellation. Rebooking Charges :- ₹ 1000/- + applicable government taxes |