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HDFC Bank Business Loan

Are you planning to grow or expand your business? If yes, then HDFC Bank Business Loan is the best option for you. HDFC provides the Business loan to enterprises of all the sizes at highly competitive interest rates, and that too without any collateral. So, you can easily get high quantum funds instantly to grow your business and meet the entire financial requirement.

At Rupee Station, we help you to avail the best loan offers and enjoy the instant availability of funds with a hassle-free loan process. The requirement of loan widely varies from one business to another. So, to meet the varying needs of the applicants, HDFC also offers the tailor-made business loans. Thus, you can easily apply the loan based on your business analysis and future strategy.

Apply Business Loan

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Reasons to opt for HDFC Business Loan

HDFC Business Loan is accompanied with multiple benefits and features which make it one of the best loan options for the business. Here listed are a few of the reasons to opt for HDFC Bank Business Loan:-

  • High quantum loan available up to 50 lac
  • Transfer your balance loan to HDFC
  • Overdraft facility available without security
  • Flexible repayment up to 48 months
  • Instant customer support options like web chat, phone banking, SMS etc.
  • Credit protection plans available
  • Quick disbursal of funds
  • Low loan processing charges
  • Transparent loan procedure

HDFC Bank Business Loan Interest Rate

Salaried Individual

Loan Amount

Starting From Rs. 50,000 up to Rs. 25 lakhs

Interest Rate

10.99% - 20.00%

Loan Tenure

12 to 60 months

Processing Fee

2.50%, Minimum Rs. 1,000 Maximum Rs. 25,000

Foreclosure Charges

Allowed after 12 EMIs, Prepayment charges vary by year: 2nd year - 4%; 3rd year - 3%, after 3 years - 2%

Age

21 years up to 60 years

Unique Features of HDFC Bank Business Loans

Today, HDFC comes in the list of the highly trusted banks in India, and it is just because of the affordable financial products and reliable customer services provided by the bank. You can easily get HDFC Bank Business Loan at affordable interest rates for the expansion of your business. The bank offers a wide range of financial products and services to meet the varying requirement of its customers.

HDFC Business Loans comes with multiple unique features which are not provided by other banks or non-financial institutes, and making HDFC Business Loan as one of the best loan options for you. Here is the brief description of the unique features of HDFC Bank Business Loans; scroll down to know more:-.

Low rate of interest

HDFC Bank provides the business loan at low-interest rate, which makes it an affordable loan option.

Transparent loan procedure

The loan procedure followed by the bank is highly transparent, so you can easily get to know the fee and other additional charges of the bank.

No need for security or collateral

HDFC Business Loans is available without any collateral or security, so you need not have any security to get the funds for meeting your business requirements.

Get loan up to 50lac

You can easily meet your heavy capital requirement with HDFC Business Loan as HDFC offers loan up to 50 lac instantly.

Funds made available within 48 hours

You can instantly get funds in your account in just 48 hours as the loan application and approval process is completed online.

OD facility without security

Overdraft facility is also available with HDFC Bank to help you meet your sudden requirements. The best part is that OD facility is available without any collateral or security.

Transfer your Balance loan

If you have any existing loan then you can transfer the remaining balance to HDFC Bank and enjoy the low-interest rates.

Cover your loan with credit protect plan

Insurance plans are also available to cover your business loans. Credit protection plans help you to cover your business loan for the time of causalities.

Repayment tenure up to 48 months

You can easily extend the repayment tenure up to 48 months depending upon your future income flow.

HDFC Bank Business Loan Fees & Charges

Loan Processing Fees Up to 2.50% of loan amount, Rs 1,000 to 25,000
Pre-payment Charges 4% of principal outstanding - 13 to 24 months,
3% of principal outstanding – 25 to 36 months
2% of principal outstanding - >36 months
Penalty for late EMI payment 24% per year on outstanding amount From default date
Eligibility Criteria

What is the Eligibility Criteria for HDFC Business Loan?

In order to apply for HDFC Business Loan, you need to qualify the basic eligibility criteria of the bank which is listed below; take a look:-

1.

To apply for HDFC Business Loan, your minimum age should be 21 years and maximum age can be 65 years at loan maturity.

2.

You should either be a self-employed individual, Private Limited Company, Partnership firm, Proprietor indulged in services, trading or manufacturing business.

3.

Your business turnover and Annual Income should meet the minimum turnover and income requirement which is 40 lac and 1.5 lac respectively.

4.

You should be running your current business for at least 3 years and have 5 years of total experience in the business.

Documents Required for HDFC Bank Business Loan

In order to get your business loan approved, you need to provide some basic documents to the bank. The list of documents required for the approval of HDFC Business Loan is given below:-

  • PAN Card – You need to provide the PAN card for firm, Company or Individual

  • Proof of Identity–Passport/Aadhar Card /Voter ID Card/Driving License

  • Proof of Address–Voter ID Card/Aadhar Card/Driving License/Passport

  • Bank Statement – Statement of the bank for last 6 months

  • Proof of Business Continuity– Sales Tax Certificate/ITR/ Establishment/Trade license

Documents Required

Reasons to take HDFC Business Loanfrom RupeeStation

Rupee Station is a one-stop solution for all types of loans and you can easily get business loans at a lowest rate of interest. We enjoy an exclusive collaboration with HDFC Bank, so you can avail the best business loan offers and enjoy the instant loan. Getting a HDFC Business Loan has become easy with Rupee Station as you are just required to fill an online application form. In addition, there are multiple other benefits associated with Rupee Station, some of the benefits are listed below:-

Initiate loan process instantly

With Rupee Station, you can instantly initiate the loan process just by filling an online loan application form.

Enjoy personalized loan options

To meet the varying requirement of our customers, we offer personalized loan options, so you can easily get the one which suits your requirement.

Receive the funds within 2 days

We make funds instantly available in just 2 days to help you meet your instant funds requirement.

Know the status of your loan application

Our real-time loan application tracking facility helps you to know the status of your loan application in just a few clicks.

Get the assistance of experts

We also have a dedicated team of experts to resolve your issues related to the business loan and its approval.

Process to apply for HDFC Bank Business Loan

The process to apply for HDFC Bank business loan at Rupee Station is very simple. It is just a 3 step process and each step is briefly described below. Take a look:-

Step 1

Submit your application for a loan by filling an easy form at our website.

Step 2

Our financial experts will analyze your application and will get in touch with you to gather other relevant information.

Step 3

Receive the funds in your account in next 2 days