Apply for Business Loan Online HDFC Bank

Business Loan  Updated date : December 1, 2017 45

Business Loan : Grow your small firm or large-scale company with business loans from HDFC Bank.

Our business loan come with a host of benefits and are tailor made to meet your unique business needs.

We offer among the best business loans in India, with complete transparency and competitive interest rates. Also, our business loans do not require any security.

Apply for a business loan from HDFC Bank to get funds up to Rs 50 lakhs, and enjoy easy documentation and doorstep service & fast disbursal within 48 hours*, while enjoying unmatched benefits.

Business Loan Features

Our business loan features include loans of up to `50 lakhs, waiver of collateral or guarantor, and even the benefit of business loan balance transfer.

In addition, we offer special benefits on business loans, such as overdraft facility and flexible tenure options.

Enjoy our customer-friendly business loan features, such as eligibility checks in just 60 seconds, and our credit protect plan.

You can reach out to us via SMS, chat or phone banking to know more about the features of our business loans. Or read below to get details on the business loan benefits you can enjoy with HDFC Bank.

    • 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%

      To transfer your loan balance

    • Dropline Overdraft Facility
      It provides Overdraft facility without any security. Limit is set in separate Current account which drops monthly till end of the tenure. Pay the interest only on the amount utilized.
      • 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.
    • Quick Eligibility Check & Disbursal

      Check your Business Loan eligibility online or at any branch in just 60 seconds. Loans will be disbursed based on previous repayment of home loans, auto loans and credit cards.

    • Flexible Tenure
      You can repay your loan over a period of 12 to 48 months.
    • Convenient Borrowing
      For any help with your loan, you can reach out to us via SMS, Webchat, Click2Talk and Phone Banking.
    • Stay Protected
      Take care of your loved ones by paying a nominal premium* and covering your loan with our Credit Protect
      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.
      • 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 & Conditions of the Insurers shall apply. The above product is offered by HDFC Life Ins Co. 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. 40 lakhs
  • 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
      • PAN Card
      • Driving License
    • 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)]

Business Loan Rates & Fees

We offer competitive interest rates on business loans. Read more about our business loan interest rates and business loan fees and charges below.

Enclosed below are HDFC Bank Business Loan Interest Rates & Charges

FeeCharges
Rack Interest Rate Range15.50% to 18.30%
Loan Processing ChargesUp to 2.50% of the loan amount subject to a minimum of Rs. 1,000/- & Maximum of Rs. 75000/-
PrepaymentNo pre-payment permitted until repayment of 6 EMIs
Pre-payment charges07-24 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 no due certificate / NOCNIL
Solvency CertificateNot applicable
Charges for late payment of EMI2% per month on EMI / Principal overdue subject to the a minimum amount of Rs. 200/-
Charges for changing from fixed to floating rate of interestNot applicable
Charges for changing from floating to fixed rate of interestNot applicable
Stamp Duty & other statutory chargesAs per applicable laws of the state
Credit assessment chargesNot applicable
Non standard repayment chargesNot applicable
Cheque swapping chargesRs 500/-
Amortization Schedule chargesRs 200/-
Loan cancellation chargesNIL (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 ChargesRs 550/- per cheque bounce
Legal / incidental chargesAt actual

Rates offered to customer during the period of July'17 to September'17

IRRQ II (2017-18)
Min IRR10.75%
Max IRR19.25%
Avg IRR15.96%

Annual Percentage Rate offered to customer during the period of July'17 to September'17

APRQ II (2017-18)
Min APR10.88%
Max APR21.00%
Avg APR16.39%

*Government Taxes and other levies as applicable will be charged over and above the Fees and Charges

Loan at the sole discretion of HDFC Bank Ltd.

Vote
Result 1 votes
Not Useful Happy Somewhat Useful Useful Very Useful

Apply Loan Loan Calculator Share

Most View Loan

  • Apply for Business Loan Online in Axis Bank
    Apply for Business Loan Online in Axis Bank
    Business Loan

    Get quick, convenient banking solutions, with minimal  documentation, to finance short and long-term business needs✔ Simplified Access ✔ Minimal documentation and quick approval ✔ Minimum - Rs. 50,000 ✔ Maximum - Rs. 15,00,000 ✔ Balance Transfer ✔ Ca...

  • Business Loan for Service Enterprises Bajaj Finserv
    Business Loan for Service Enterprises Bajaj Finserv
    Business Loan

    Quick Business Loan for Services ✔ Working Capital Loan for Mobile Handset Dealers ✔ Business Loan for Courier Companies ✔ Business Loan for Software Development Agencies ✔ Business Loan for Boutique Owners ✔ Working Capital Loan for Hotel owners ✔ L...

  • Business Loan for Manufacturer Bajaj Finserv
    Business Loan for Manufacturer Bajaj Finserv
    Business Loan

    Small Business Loans for Manufacturers ✔ Industrial Business Financing ✔ Quick Loans upto ₹30 Lakh by Bajaj Finserv ✔ Line of Credit Facility ✔ No Collateral Required ✔ Loan EMI CalculatorBusiness Loan for ManufacturerIncreasing overhead expenses, ex...

  • Business Loan for Trader Bajaj Finserv
    Business Loan for Trader Bajaj Finserv
    Business Loan

    Collateral Free Loans for Traders ✔ Pay 45% Less EMI ✔ Loan up to ₹30 Lakh in 48 Hours ✔ Doorstep Facility ✔ Flexible Tenors ✔ Online Fund Management ✔ Apply Now & Get Exciting Offers ✔ Loan EMI CalculatorBusiness Loan for TradersBusiness Loan for Tr...

  • Small Business Loan Bajaj Finserv
    Small Business Loan Bajaj Finserv
    Business Loan

    Business Line of Credit From Bajaj Finserv ✔ Withdraw When You Need ✔ Interest Charged Only on the Utilized Amount ✔ Pay up to 45% lesser EMI ✔ No Extra Charges on Part-prepayment ✔ Loan EMI CalculatorWhat is a Business Line of Credit?Businesses are ...

  • Working Capital Loan Bajaj Finserv
    Working Capital Loan Bajaj Finserv
    Business Loan

    Working Capital Loan ✔ Working Capital Finance upto 30 Lakh within 24 Hours ✔ Nominal Interest Rates ✔ Minimum Documentation ✔ Collateral Free Loans ✔ Door Step Service ✔ Loan EMI CalculatorWhat is a Working Capital Loan?A working capital loan is a s...

Loan Query / Support / Feedback