HDFC Bank Business Loan: Interest Rate, Eligibility & Features

If you’re looking for a business loan, then HDFC Bank Business Loan might be perfect for you. HDFC Bank has a wide range of loans available to businesses of all sizes, from start-ups to multinationals. You can choose the loan that best suits your needs. Interest rates on their loans are competitive and it has flexible repayment terms.

What is a Business Loan?

A business loan is a loan that is given to businesses to help them start or expand their business. It can be used for a variety of purposes, such as funding the purchase of equipment, hiring new employees, and more. There are a number of different types of business loans available, and each one has its own set of requirements and restrictions. so you’ll need to do some research to find the right one for your business.

HDFC Bank Business Loan Highlights

Interest Rate	Starting at 10.00% p.a.
Loan amount	Up to Rs. 50 lakh
Loan Tenure	Up to 48 months
Processing Fees	Up to 2.00% of the loan amount Nil – For Disbursal of loans up to Rs. 5 Lakh by Micro & Small Enterprises subject to URC.

HDFC Bank Business Loan

HDFC Bank offers business loans at interest rates starting from 10% p.a. You can take a loan amount up to Rs 50 lakh without any collateral and meet your immediate business needs. The bank offers you a tenure ranging from 1 year to 4 years and charges a processing fee of 2% of the loan amount. However, there is no processing fee for loan amount up to Rs.5 lakh by Micro and Small Enterprises subject to submission of URC. This loan amount is used to help businesses expand, buy new equipment, or cover other business expenses.

HDFC Bank Business Loan Interest Rate

HDFC Bank offers a wide range of Business Loans with different interest rates. These interest rates range from 10% p.a. to 22.50% p.a. The interest rate depends on several factors, such as the purpose of the loan, your credit history, type of business, loan amount and tenure of the loan.

Read Also – Federal Bank Home Loan

HDFC Bank Business Loan EMI Calculator

If you are looking for an EMI calculator for a business loan from HDFC Bank, then you have come to the right place. Here, we have put together all the information you need to calculate your EMI.

• First of all, enter the amount of money you want to borrow in the field below. You can also select the currency in which you want to repay the loan.
• Next, select the interest rate and term of the loan. Finally, input your monthly EMI payments and hit calculate. You will be provided with a full breakdown of your loan amount, interest costs, and EMI dues over the course of the loan period.

Types of HDFC Bank Business Loans

There are several types of HDFC Bank business loans that can be used for different purposes. The following are brief descriptions of each type:

• MSME Loans
• Term Loans
• Working Capital Loans
• Working Capital for Transporters
• Working Capital for Contractors
• Business Loan to Traders
• Business Loan to Manufacturers
• Business Loan to CAS
• Loans to Self-Employed Individuals

HDFC Bank Business Features & Benefits

HDFC Bank is a leading financial institution in India with a wide range of products and services. The bank offers a variety of business features and benefits that can be useful for businesses of all sizes. Here are some of the features and benefits of HDFC bank business loan:

• Attractive interest rates: The bank offers business loans at attractive interest rates starting from just 10% p.a.
• Flexible repayment tenure: You have the option to repay your loan over a period of 12 to 48 months.
• High loan amount: You can avail of up to Rs.50 lakhs to meet your business-related financial needs.
• No collateral requirement: Unlike other loans, there is no collateral requirement for HDFC Bank Business loan, which means that you can borrow as much money as you need without worrying about it.
• Transfer loan balance with ease: Transfer your existing business loan to HDFC Bank at low EMI from any bank in India at 15.75% interest rate and 0.99% processing fee.
• Quick approval process: The application process at HDFC Bank is quick and easy. You can apply online or visit one of their branches in person to apply.
• Reliable service: HDFC Bank is a reliable lender and has a good track record when it comes to delivering on its loans. This means that you can count on them to help you grow your business.
• 24/7 helpline: The bank is committed to providing outstanding customer service and provides a 24/7 helpline for those needing assistance with their loan application

HDFC Bank Business Loan Eligibility

If you are self-employed, own a business, or are a partner in a business that is engaged in the manufacturing, trading, or services sectors, you may be eligible for a business loan from HDFC Bank. Self-employed individuals, proprietorships, private limited companies, and partnerships in these sectors are all eligible for a business loan. you will need to provide documentation that shows your company meets the eligibility requirements.

Minimum Age	21 years
Maximum Age	65 years (At the time of loan maturity)
Annual Income	1.5 lakh per annum (As per ITR)
Business Profitability Tenure	at least 2 years
Business Turnover	Minimum 40 lakh (Annual)
Business Experience	5 years with at least 3 years in the current business

HDFC Bank Business Loan Documents Required

If you are looking for a business loan from HDFC Bank, it is important to have the required documents ready. Here are some of the most important documents you will need to know.

Identity proof	Aadhaar Card Passport Voter’s ID Card PAN Card Driving License
Address proof	Utility Bills Passport Voter’s ID Card Driving License
Business address	vintage, and establishment proofs
Bank statement	last 6 months
Income proof	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

HDFC Bank Business Loan Apply online

Here are some steps on how to apply for a business loan online with HDFC Bank:

• Start by visiting the HDFC Bank website and searching for the appropriate loan product that is best suited for your business needs. You will need to provide information about your company, including financial statements, income statements, and other relevant information.
• Once you have completed the application process, you will need to submit all of the required documents and paperwork. Make sure that you include all of the necessary documentation, such as letters of credit and proof of ownership.
• Once everything has been submitted and verified, you will be notified of the approval or disapproval of your application. If it is approved, congratulations! You now have access to funding that can help you grow your business.

HDFC Bank Business Loan Customer Care

In case you have any queries or problems with your HDFC Bank Business loan, you can always reach out to the bank’s customer care team. The team is available round the clock to help you resolve any issues as soon as possible. Here are some of the key phone numbers for HDFC Bank’s customer care:

• 1800 202 6161
• 1860 267 6161

Conclusion

As a business, it is essential to keep a tight rein on finances in order to make sure you are able to meet the ever-growing demands of your customers. One way to do this is by applying for a business loan from HDFC Bank. Not only will this institution provide you with the capital you need, but they will also offer you some great terms and conditions that will make starting and running you can start your own business easily. So if you are ready to take the next step in your business journey, contact HDFC Bank today!

Read Also – ICICI Bank Gold Loan

FAQs on HDFC Bank Business Loan