Professional Loan| JJ Marketing

Overview

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.

Key features

Fulfil Your Every Need
Avail of a loan up to Rs. 20 lakhs (upto Rs. 100 lakhs for Doctors 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 Loan for Professionals to HDFC Bank for lower EMIs, and enjoy our benefits

Interest rates as low as 12.99%* on the existing loan transfer
Processing fee as low as 0.99%*

Flexible Tenure
You can choose any tenure from 12 months to 60 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.

Benefits

Stay Protected

Take care of your loved ones by paying a nominal premium* and covering your loan with our Credit Protect Insurance Plan:

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.

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.

Eligibility Criteria

The following people are eligible to apply for an HDFC Loans for Professionals:

Doctors, Chartered Accountants, Architects, Company Secretaries, and professionals involved in self practice or consulting

Individuals who have minimum 4 years of post-qualification experience for Doctors and Chartered Accounts, and minimum 5 years of post-qualification experience for Company Secretaries and Architects

The business should have a Minimal Annual Income (ITR) of Rs. 1 lakh per annum

Those whose business has been profit making for the previous 2 years

The applicant should be at least 25 years at the time of applying for the loan, and should be no older than 65 years at the time of loan maturity

Documentation

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:

Qualification proof for highest professional degree

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

PAN Card A copy of any of the following documents as address 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)]

Rates & Fees

Enclosed below are HDFC Bank Personal Loan Interest Rates & Charges

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

HDFC Professional Loans