Use funds from your professional loan to expand your business, upgrade equipment and much more. In addition, you don’t require security when you apply for professional loans at HDFC Bank. Apply for professional loans to get competitive interest rates. Enjoy customised professional loans and fast approvals. We offer special benefits on professional loans for selected professions, such as doctors, Architect, Chartered Accountant and Company Secretary (CS).
Quick, competitive and transparent, HDFC Bank Loans for Professionals can be customised to suit your every need. With our easy documentation and speedy approvals, you can avail of a hassle-free loan and enjoy our unmatched benefits.
*Terms and conditions apply. Loan at sole discretion of HDFC Bank limited. Subject to documentation and verification as per Banks requirement.
*Terms and conditions of the insurers shall apply. The policy is offered by HDFC Ergo GIC Ltd.
The following people are eligible to apply for an HDFC Loans for Professionals:
We require minimal documents for professional loans, so you can enjoy speedy processing of your documents and quick disbursals of funds for your professional loan. Read below to find more about documents required for professional loans.
The following documents are required along with your Loans for Professionals application:
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 |
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