HDFC Business Loans

Key Features

Fulfil Your Every Need
Avail of a loan up to Rs. 40 lakhs (up to Rs. 50 lakhs in select locations) without any collateral, guarantor or security, to fulfil your every business need, from business expansion and working capital, to your child's education or a home renovation.
Transfer Loan Balance with Ease
Transfer your existing Business Loan to HDFC Bank for lower EMIs, and enjoy our benefits
- Interest rates as low as 15.75%* on the existing loan transfer
- Processing fee as low as 0.99%*
Flexible Tenure
You can repay your loan over a period of 12 to 48 months.
Door Step Services
For any help with your loan, you can Call Us and we will be at your Service Immediately

*Terms and conditions apply. Loan at sole discretion of HDFC Bank limited. Subject to documentation and verification as per Banks requirement.

Dropline Overdraft Facility up to Rs.5 Lac - 15 Lac*
No Guarantor / Security required.
Tenure ranging from 12-48 months.
Attractive Rate of Interest
No Foreclosure / part Closure shall be permitted during the first 6 months of the limit setting.

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.
The premium for this product will be deducted from the loan amount at the time of disbursal, after levying service taxes and applicable surcharge/cess at the rates notified by the government.
Benefits
- 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

*Terms and conditions of the insurers shall apply. The policy is offered by HDFC Ergo GIC Ltd.

Business Loan Eligibility Criteria

Our business loan eligibility criteria is applicable for self-employed individuals, proprietors, private limited companies and partnership firms.

Read the details below to know more about our business loan eligibility criteria.

The following people are eligible to apply for a Business Loan:

Self employed individuals, Proprietors, Private Ltd. Co. and Partnership Firms involved in the business of Manufacturing, Trading or Services.
The business should have a minimum turnover of Rs. 120 Lac/ 85 Lac/ 75 Lac* (subject to location) for Traders and Manufacturer
The business should have a minimum turnover of Rs. 60 Lac/ 50 Lac/ 40 Lac* (subject to location) for Services Providers
Individuals who have been in the current business for a minimum of 3 years, with 5 years total business experience.
Those whose business has been profit making for the previous 2 years
The business should have a Minimal Annual Income (ITR) of Rs. 1.5 lakhs per annum
The applicant should be at least 21 years at the time of applying for the loan, and should be no older than 65 years at the time of loan maturity

Business Loan Documentation

Simple and quick documentation, enabling speedy disbursals. Read more about the required documents for business loans below.

The following documents are required along with your Business Loan application:

PAN Card – For Company/Firm/Individual
A copy of any of the following documents as identity proof:
- Aadhaar Card
- Passport
- Voter's ID Card
- Driving License
Bank statement of the previous 6 months
Latest ITR along with computation of income, Balance Sheet and Profit & Loss account for the previous 2 years, after being 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)]

Fee	Amount to be Paid
Rack interest rate	Contact for details
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 - 3% of Principal Outstanding >36 Months - 2% of Principal Outstanding
No Due Certificate/No Objection Certificate (NOC)	NIL
Duplicate of No Dues Certificate/NOC	NIL
Solvency Certificate	Not applicable
Charges for late payment of EMI	2% per month on EMI / Principal overdue subject to the a minimum amount of Rs. 200/-
Charges for changing from fixed to floating rate of interest	Not applicable

Fee	Amount to be Paid
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	Rs 500/-
Amortization Schedule charges	Rs 200/-
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. 550/- per cheque bounce
Legal/incidental charges	At actual