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HDFC Bank Business Loan
Interest Rate
10% - 22.5%
Loan Amount
₹50K - ₹50L
EMI Per Lakh
₹2,125 - ₹2,790
Processing Fees
- Up to 2.00%* of the loan amount.
- NIL Processing Fees for loan facility up to ₹5 Lakhs availed by micro and small Enterprises subject to URC submission prior to disbursal.
Pre-Payment Charges
- 06 – 24 months: 4% of total principal outstanding.
- 25 – 36 months: 3% of total principal outstanding.
- More than 36 months: 2% of total principal outstanding.
- Note:The bank does not permit part/full prepayment of loans until repayment of at least 6 EMIs.
- The bank allows part-payment of up to 25% of the principal outstanding, after payment of 12 EMIs, once in the financial year and twice during the entire loan tenure.
- The bank does not levy any foreclosure/prepayment charges for fixed rate business loan facility of up to Rs. 50 Lakh availed by Micro & Small Enterprises (MSE) and closure from own sources
Features and Benefits of HDFC Business Loan
Have a look at the features given below that will help you comprehend HDFC business loans better.
Easy Procedure
You can get an HDFC business loan of Rs. 40 lakhs (Rs. 50 lakhs in a few select branches) without the need of a guarantor, collateral, or security for your business expansion or other requirements.
Easy Transfer of Loan Balance
You can transfer your existing business loan to HDFC Bank and enjoy numerous benefits like low EMIs. Interest rates will be charged as low as 15.75% if you transfer the existing loan. The processing fee charged will be as low as 0.99%.
Facility of Dropline Overdraft
HDFC bank provides the facility of overdraft without any security. You only have to pay the interest on the amount which is utilised. The tenure ranges between 12 and 48 months without any requirement of a guarantor or security. This feature provides an attractive rate of interest.
Quick Services
You can verify the eligibility of your business loan online or at any branch within seconds.
Provides Protection
HDFC Credit Protect helps you cover the loan by paying only a nominal amount of premium. The benefits of it are innumerable. It provides life coverage, pays off the loan amount in case of death of the customer, thereby protecting the family, and ensures tax benefits can be availed as per the existing laws.
HDFC Business Loan Overview
HDFC business loans have been curated, keeping in mind the needs of its customers. It offers flexible tenures, competitive interest rates, and minimal documentation to create a hassle-free environment for its borrowers. HDFC Bank provides attractive loan opportunities for self-employed professionals and MSMEs.
Documents Required for HDFC Business Loan
Submit the following documents along with your business loan application for an HDFC Business Loan:
- PAN card (for individual/company/firm)
- Identity proof (Copy of any one of the following)
- Aadhaar Card
- Passport
- Voter’s ID Card
- PAN Card
- Driving Licence
- Proof of address (a copy of any one of the following)
- Aadhaar Card
- Passport
- Voter’s ID Card
- Driving Licence
- Bank statement of the preceding 6 months
- Latest ITR with Balance Sheet, computation of income, previous 2 years profit and loss account (after being audited/certified by the CA)
- Proof of continuation (Trade licence/ITR/Sales Tax Certificate/Establishment)
- Other compulsory documents [Certified Copy of Partnership Deed or Sole Prop. Declaration, Certified true copy of Memorandum and Articles of Association (certified by Director) and Board resolution (Original)]
How Does the EMI Calculation Work for HDFC Business Loans?
Get an idea about your business loan EMI with HDFC online business loan calculator and manage your finances accordingly. Find out your loan EMI in an instant by entering the loan tenure in years, loan amount, and the interest rate in the HDFC EMI calculator. The results will be displayed on your screen. The EMI calculator also provides you with an option to tweak the amounts as per your requirements.
How Does HDFC Compare with Other Lenders?
Glance through the table below to understand the comparison of HDFC business loan interest rate with that of its competitors.
Lenders | Rate of Interest |
SBI | 8.30% onwards (on SME Loan) |
Kotak Mahindra Bank | 14% onwards |
FlexiLoans | 16% onwards |
Axis Bank | 17% onwards |
Fullerton Finance | 17% onwards |
Bajaj Finserv | 17% onwards |
Yes Bank | 17% onwards |
ICICI Bank | 18% onwards |
Lendingkart Finance | 18% onwards |
ZipLoan | 16% onwards |
IIFL Finance | 18% onwards |
Hero Fincorp | 18% onwards |
Indifi Finance | 18% onwards |
NeoGrowth Finance | 18% onwards |
Tata Capital Finance | 17% onwards |
RBL Bank | 19% onwards |
SMEcorner | 19% onwards |
IDFC First Bank | 20% onwards |
HDB Financial Services Ltd. | 22% onwards |
PNB Business Loan | Based on the Business’s Profile |
Bank of Baroda | Based on the Business’s Profile |
HDFC Business Loan Customer Care Number
To enquire about the HDFC business loan requirements, you can reach out to the HDFC customer care number at 1800 202 6161/1860 267 6161, which is accessible pan India.
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Business Loan By Banks
- Bank of Baroda Business Loan
- Axis Bank Business Loan
- ICICI Bank Business Loan
- Bajaj Finserv Business Loan
- IndiaBulls Business Loan
- Canara Bank Business Loan
- Union Bank of India Business Loan
- DHFL Business Loan
- CITI Bank Business Loan
- YES Bank Business Loan
- Federal Bank Business Loan
- IndusInd Bank Business Loan
- State Bank of India Business Loan
- Hero FinCorp Business Loan
- Punjab National Bank Business Loan
- IDFC FIRST Bank Business Loan
- IDBI Bank Business Loan
- Digikredit-SME Corner Business Loan
- Kotak Bank Business Loan
- Lending Kart-Nbfc Business Loan
- Ujjivan Small Finance Bank Business Loan
- Muthoot Finance Ltd Business Loan
- Shriram Urban Co Operative Bank Limited Business Loan
- Tata Capital Housing Finance Limited Business Loan
- HDFC Sales Business Loan
- Capital First Ltd. Business Loan
- Poonawalla Fincorp Limited Business Loan
- Tata Capital Financial Services LTD Business Loan
- Clix Capital Business Loan
- Aditya Birla Finance Limited Business Loan
- L&T Finance Business Loan
- HSBC Business Loan
- Bank of India Business Loan
- Fullerton India Business Loan
- NeoGrowth Business Loan
- IIFL Finance Business Loan
- Piramal Housing Finance Business Loan
- Edelweiss Financial Services Business Loan
- INDIFI Business Loan
- INTELLEGROW Business Loan
- DCB Bank Business Loan
- Capri Global Business Loan
- UGRO Capital Business Loan
- RBL Bank Business Loan
- FT Cash Business Loan
- Loantap Credit Products Private Limited Business Loan
- Arka Fincap Limited Business Loan
- Deutsche Bank Business Loan
Hdfc Bank Quick Links
- HDFC PPF (Public Provident Fund) Calculator
- HDFC Bank Personal Loan Calculator
- HDFC FD (Fixed Deposit) Calculator
- HDFC RD (Recurring Deposit) Calculator
- HDFC Loan Against Property (LAP) Calculator
- HDFC Bank Home Loan EMI Calculator
- Hdfc Bank Loan Against Property
- Hdfc Bank Personal Loan
- Hdfc Bank Home Loan
- Hdfc Bank Ifsc Code
FAQs
From refinancing to reducing your interest, we have the answers right here.
What is loan foreclosure?
What is the minimum turnover requirement to apply for an HDFC business loan?
Does HDFC check for CIBIL score for business loans?
What is the maximum and minimum business loan amount I can get from HDFC?
How can I speed up my loan approval?
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