Apply for HDFC Bank Business Loan

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About HDFC Bank Business Loan

Get HDFC bank Business Loan which is a secured loan. It is used for Business Expansion, New startups, Machinery and Equipment, Working Capital, and Managing Cash Flow.

As an authorized Direct Selling Agent, LoanMoney acts as a mediator between borrowers and HDFC bank, helping businesses to meet their financial requirements. The loan facility offers minimal documentation requirements, attractive low-interest rates for an extended repayment tenure, a swift approval process, nominal processing fees, and various flexible repayment options. Obtain hassle-free financial support from India's leading bank by applying for HDFC bank Business Loan through LoanMoney.

Features of HDFC Bank Business Loan

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

Details of HDFC Bank Business Loan

Interest Rate
Eligibility Criteria
Documents Required
General Information

Interest Rate

Fee	Amount to be Paid
Rate of Interest	12.75% To 21.70%
Loan Processing Charges	Upto 1.50% to 2%
Cheque Bounce Charges	NA
Cheque/ Instrument Swap charges	NA
Prepayment/ Foreclosure Charges	NA
Default Interest Rate	NA
Duplicate Statement Issuance Charges	NA
Duplicate Amortization Schedule Charges	NA
Duplicate Interest Certificate	NA
S(Provisional/ Actual) issuance Charges	NA

HDFC Bank Business Loan Eligibility Criteria

Particulars	Salaried	Self Employed	Professional
Age(Min-Max)	NA	21 to 65 Years	21 to 65 Years
Minimum Income	NA	Min. 1.5 Lakh/ p.a	Min. 1.5 Lakh/ p.a
Co-applicant	NA	If Required	If Required
Loan Tenure	NA	1 To 4 Years	1 To 4 Years
Maximum Loan Amount	NA	Max. 50 Lakhs	Max. 50 Lakhs
Employment/Business Continuity	NA	Min. 3 Year	Min. 3 Year
CIBIL Score	NA	Min. 600	Min. 600

HDFC Bank Documents Required

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 ID Card
- PAN Card
- Driving License
A copy of any of the following documents as address proof:
- Aadhaar Card
- Passport
- Voter ID Card
- PAN 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)]

HDFC Bank General Information

	Salaried	Self Employed	Professional
Age	NA	21 To 65 Years	21 To 65 Years
Loan Amount	5 To 50 Lakhs	5 To 50 Lakhs	5 To 50 Lakhs
Tenure	NA	1 To 4 Years	1 To 4 Years
Rate of Interest / APR [Annual Percentage Rate]	12.75% To 17.50%	12.75% To 17.50%	11% To 15%
Features	Lowest Rates of Interest In Market	Lowest Rates of Intrest In Market	Lowest Rates of Intrest In Market
Processing Fees	Up to 1.50% to 2%	Up to 1.50% to 2%	Up to 1.50% to 2%
Special	NA	Eligibility can be calculate as per customer requirement	treated as special Category
Documentation	NA	KYC/Financial(2 Years) & Property Documents.	KYC/Financial(2 Years) & Property Documents.
Eligibility	NA	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	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

Quick Enquiry for HDFC Bank Personal Loan

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What our clients say

We pride ourselves on providing transparent and quality service to our clients, but you don’t just have to take our word for it. Read what our clients have to say about us.

Job Varghese

Client

I am totally satisfied by loan money and the way it services its customers.... especially I thank and appreciate Ms. Somya as she is a great resource to the organization. She has been constantly assisting me from start till the end and has been a very prompt and sensible officer as she could offer the relevant deal for me.

Vishwajeet Nanaware

Client

LoanMoney is really good in providing loan services. Particularly Chanchal, my loan assistant has great skills to communicate with her clients and understand their needs. She processed my personal loan on time. The rate of interest offered was lower than the others. it was overall a good experience with 100% satisfaction.

Avlokit Kaushik

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This is my second time in have taken a loan from LoanMoney. Kavita has helped me a lot..very cooperative very helpful very fast. Thanku again.

FAQ of Business Loan

Who can apply for a Business Loan?
Business Loan is available for salaried/self-employed as well as Professionals, Employees of public/pvt Ltd companies. Every bank has individual minimum criteria for net monthly income Rs. 25,000, age between 21 to 60 years, profession, CIBIL Score, job continuity, etc.
How long will it take for my Business Loan to be processed?
Once you submit your application form and the required documents as per Bank's criteria, you can expect our approval and disbursal within 5 working days, provided everything is in order. All loan approvals are at the sole discretion of the bank.
What is the Cheapest Business Loan or Affordable Business Loan?
An Affordable or cheapest Business Loan is a loan in which not only you can get an attractive interest rate starting from 10:75% to 18%, and you can get a quick Business Loan with minimum processing fees, No hidden charges. With our easy & minimal paperwork, and flexible EMI payment options will make it a hassle-free Business Loan.
What are Nil Foreclosure Charges in Business Loan?
The term Loan foreclosure means that when a person does the full repayment of the remaining loan amount in one single & final payment instead of paying it back in multiple EMIs.

Some banks don't allow foreclosure of the loan as they won’t get the interest from the borrower and some banks allow foreclosure of the loan but they charge a certain amount from the borrower. While taking a Business Loan to try to see if there is zero foreclosure charges or nil foreclosure charges facility available for borrowers. This can save your money which you was going to pay to the bank.
What are the features of Loanmoney's Fastest Business Loan?
The features of Loanmoney's Fastest Business Loan are No Collateral or no Security, Easy Repayment options, Safety, Attractive Interest rates, It is Unsecured, Can be Obtained for any Purpose and Fast, Cheap & Reliable.
Do I need to provide any security or collateral to obtain Business Loan from Bank?
No, you don’t have to provide any security, collateral or guarantee to obtain Business Loan from Bank.