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HDFC BANK BUSINESS LOAN

HDFC Banks provides Business loans of up to Rs. 50 Lakhs to meet the requirement of any business-related funding requirements without any collateral, guarantor, or security

HDFC Business Loan is offered at 11.90% per annum to 21.35% per annum interest rates with a repayment tenure ranging from 1 Year to 4 Years, and a processing fee of up to 2.50% on the loan amount is charged by the bank.

Setting up a new business is mainly dependent on loans for almost all of their business requirements. Are you the one of them who wants to increase their business but facing financial issues? So, don’t worry here HDFC bank have the best option for you i.e. HDFC Business loan. In this loan you can get a loan up to Rs. 40-50 lakhs without any collateral, guarantor, or security, to fulfill your every business need, from business expansion and working capital.

HDFC Bank Business Loan Highlights

Particulars

Details

Interest Rate

11.90% per annum to 21.35% per annum

Loan Amount

Up to Rs. 50 Lakhs

Loan Tenure

Up To 48 Months

Processing Fee

Up to 2.50% of Loan Amount

Collateral

Not Required

Features & Benefits of HDFC Bank  Business Loan

Flexible Tenure : The repayment tenure of HDFC Bank Business Loan is flexible ranging from 1 Year to 4 Years.

Less Documentation : HDFC Bank Business Loan requires very little documentation, thus making the application process easy and a quick one.

Loan Amount : HDFC Bank provides Business loans up to Rs. 50 Lakhs.

No requirement of collateral or guarantor : HDFC Bank Business Loan is an unsecured loan so you do not need to submit any collateral. or guarantor.

HDFC Ltd Business Loan Fees and Charges

The following are the key fees and charges other than interest charges applicable to a Business loan from HDFC Bank:

TYPE

CHARGES

Processing Fee

Up to 2.50% of the loan amount

Prepayment fee

  • No charges apply within 6 months

  • 07-24 Months - 4% of Principal Outstanding

  • 25-36 Months - 3% of Principal Outstanding

  • 36 Months - 2% of Principal Outstanding

Loan closure letter

NIL

Repayment time

12-48 months

Loan amount

Min Rs 50, 000 to Max. Rs 40 lakh ( Rs 50 lakh in selected locations )

Loan cancellation charges

NIL

A duplicate loan closure letter

NIL

Overdue EMI interest

2% p.m. on EMI

Cheque swapping charge

Rs 500

Cheque bounce charge

Rs 550 per Cheque bounce

Compare other banks interest rate:

BANKS 

INTEREST RATE

HDFC Bank Business Loan

15.65% to 21.20%

Yes Bank Business Loan

16.25% to 19.99%

Citi Bank Business Loan

12% to 16%

RBL Bank Business Loan

10.65% to 16.25%

Indian Bank Business Loan

8.30%

HDFC Bank Business Loan Eligibility Criteria

In order to avail of HDFC Bank Business loan, an individual has to meet certain eligibility criteria put up by the bank.

CRITERIA

DETAILS

Minimum Age

21 Years

Maximum Age

65 Years

Business Annual Turnover

Rs.40 Lakhs or above

ITR

Minimum Rs. 1.5 Lakhs per month

Entities that can avail of business loan

Individuals, MSMEs, Business owners, Entrepreneurs, Self-employed professionals, Sole Proprietorship, Private and Public Ltd. Companies, Partnership Firms, and Limited Liability Partnerships engaged in only Manufacturing, Trading, or Services sectors.

Document Required for HDFC Bank Business Loan?

In order to avail of the HDFC Bank Business loan, an individual has to provide certain documents required by the bank.

ID Proof
  • Aadhar Card
  • PAN Card
  • Driving License
  • Voter’s ID Card
  • Employment ID
Address Proof
  • Aadhar Card
  • PAN Card
  • Driving License
  • Voter’s ID Card
  • Employment ID
Income Proof
  • Last 6 months bank statement
  • Latest ITR with the computation of income
  • Last 2 years profit & loss account, Balance sheet after being CA certified/audited 
  • Certified copy of the article of association
  • Certificate of memorandum copy/partnership deed

HDFC Bank Business Loan EMI Calculator

A Business loan calculator helps you to know the amount of EMIs that you need to pay towards your Business Loan. 

As a Business loan can go from 20 - 30 years, so you have to be aware of your monthly installments in advance. For that, you can use the EMI Calculator provided by BankSathi to calculate your monthly EMIs on your Business Loan.

The formula for the same is:

[P x R x (1+R)^N]/[(1+R)^N-1], where

  • P stands for the ‘Principal Amount’.
  • R stands for the rate of interest set by the bank.
  • N is the number of years for which the loan has been taken.

How to apply for HDFC Bank Business Loan?

  • Visit the HDFC Bank Official Website.
  • Click on “personal”
  • In the personal menu now click on “Borrow”
  • After that go to popular loan and click on Business Loan
  • Fill the application form and submit it with attaching all mandatory documents
  • Bank associate will let you know in few minutes that you are eligible or not for the loan
  • After getting approval visit to HDFC bank branch for further proceedings

HDFC Bank Business Loan Customer Care

  • Contact Number - 1800 258 3838
  • Email Id - support@hdfcbank.com

HDFCFinancials products offered by banks :

HDFC Home Loan

HDFC Personal Loan

HDFC Car Loan

HDFC Credit Card

HDFC Education Loan

HDFC Two Wheeler Loan

FAQs On HDFC Business Loan

Q.1 What is the maximum Business loan amount offered by HDFC Bank?

The Maximum Business loan amount of HDFC Bank Business Loan is Rs. 50 Lakhs.

Q.2 What is the tenure of HDFC Bank’s Business loan?

The maximum tenure approved for repayment by HDFC Bank for a Business loan is up to 4 Years.

Q.3 What were the processing fees charged by HDFC Bank’s Business loan?

HDFC Bank Business loan charges processing fees are up to 2.50%  of the loan amount.

Q.4 What was the age required for HDFC Bank’s Business loan?

The age required for salaried employees is 21 years to 65 years.

Q. 5 How much interest rate is charged by HDFC Bank Business loan?

The interest rate charged by HDFC Bank business loan is 15.65% to 21.20% p.a.

Last Updated on : 14/Apr/2021

HDFC bank business loan in jaipur

HDFC bank business loan in jaipur

Know More About

Hdfc Bank Business Loan

You're eligible for a Hdfc Bank Business Loan if you:


Are legally adult enough to handle it


Have still got it


Get a regular pay check


Make more than a basic buck

Your eligibility depends on:


Earn more than minimum income required


Maximum allowed Business Loans is Rs. 10K to Rs. 45 lakhs


EMIs of other loans loweryour eligibility

Boost your eligibility by:


Pay off your credit card bills


Choose longer tenure loan up to 5 years

Nothing gets done without that paperwork (which we'll happily carry over to the bank for you, no sweat). Here's what you'll need:

  • 1. Photo ID and age proof
  • 2. Signed application form with photograph
  • 3. Residence proof
  • 4. Last 6 months bank statement
  • 5. Documentation for salaried applicants:
    • Last 3 months salary - slips
    • Form 16 or Income Tax Returns
  • 6. Documentation for self-employed applicants:
    • Last 3 years Income Tax Returns with computation of Income
    • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

Hdfc Bank Business Loan Interest Rates

Updated on 25 Nov 2017

Hdfc Bank Business Loan Details
Interest Rate (Monthly reducing balance) 15.65% - 21.2%
Processing Fees Upto 2.50% of loan amount
Loan Tenure 1 year to 4 years
Pre-closure Charges Varies with bank
Guarantor Requirement Varies with bank

Business Loans EMI Calculator

Loan Amount

|
1L
|
50L
|
100L
|
150L
|
2Cr

Interest Rate

%
|
5
|
10
|
12.5
|
17.5

Loan Tenure

|
1
|
10
|
20
|
25
|
0
|
120
|
240
|
300


Your Monthly Loan EMI


₹24,959