DHFL Business Loan
Last Updated : Oct. 24, 2016, 10:48 a.m.
DHFL provides a business loan to the entrepreneurs aspiring to expand their business. The aspirants can meet the shortfall by availing the loan from DHFL financial institution. The institution provides loan for the maximum value of Rs. 35,00,000. The loan is provided for the tenor of 5 years. 2% of the sanctioned loan amount is deducted as the processing fee. The borrower is permitted to foreclose the loan after repayment of 6 EMIs .
DHFL Business Loan Details
| Particulars | Details |
|---|---|
| Interest Rates | Customized |
| Loan Amount | Up to Rs. 35,00,000 |
| Maximum Tenor | 5 years |
| Processing Fee | 2% of the loan amount |
| ECS/ Cheque bounce charges | Rs. 250 per instance |
| Prepayment | Permitted after 6 months |
| Foreclosure Statement Charges | Rs. 500 + service taxes |
How To Apply :
The eligible candidates can apply for DHFL business loan by –
- Visiting the nearest branch office
- Filling online application form
- Calling on the customer care
Features and Benefits
- Loan disbursed for an amount up to Rs. 35,00,000
- Wide range of tenor ranging up to 5 years
- Hassle free process
- No collateral or guarantor required
DHFL Business Loan EMI Calculator :
You can now compare the various business loan options available at a different rate of interest and repayment facilities using the business loan EMI calculator . The calculator is useful in deciding the loan amount and the tenure. Using calculator you get to know the EMI amount you have to pay during the tenure you are opting for. It reveals the amount of interest charged on the loan amount you are willing to take. And gives a realistic estimate of the future payments. The functioning of the EMI calculator is quick and simple. The EMI amount is computed once the details regarding the loan amount, tenor and rate of interest are entered into the calculator.
Let’s take an example for better understanding. If a person avails the loan of Rs.15,00,000 for the tenure of 5 years than his /her EMI at prevalent rate of interest will be from Rs. 34,902 – Rs. 42,286 .
Table Showing EMI, Total Interest Outgo and Total Amount
| Loan Amount | Loan Tenure | Interest Rate | EMI | Total Interest Outgo | Total Amount (EMI+Interest) |
|---|---|---|---|---|---|
| Rs. 15,00,000 | 1 year | 14%p.a –23%p.a | Rs. 1,34,681 - Rs. 1,41,114 | Rs. 1,16,168 - Rs. 1,93,374 | Rs. 16,16,168 - Rs. 16,93,374 |
| Rs. 15,00,000 | 2 years | 14%p.a –23%p.a | Rs. 72,019 - Rs. 78,560 | Rs. 2,28,464 - Rs. 3,85,439 | Rs. 17,28,464 - Rs. 18,85,439 |
| Rs. 15,00,000 | 3 years | 14%p.a –23%p.a | Rs. 51,266 - Rs. 58,065 | Rs. 3,45,592 - Rs. 5,90,325 | Rs. 18,45,592 - Rs. 20,90,325 |
| Rs. 15,00,000 | 4 years | 14%p.a –23%p.a | Rs. 40,990 - Rs. 48,077 | Rs. 4,67,506 - Rs. 8,07,706 | Rs. 19,67,506 - Rs. 23,07,706 |
| Rs. 15,00,000 | 5 years | 14%p.a –23%p.a | Rs. 34,902 - Rs. 42,286 | Rs. 5,94,143 - Rs. 10,37,142 | Rs. 20,94,143 - Rs. 25,37,142 |
Amortization Table
| Year | Principal Payment | Interest Outgo | Balance Amount |
|---|---|---|---|
| 1 | Rs. 222,757 - Rs. 180,697 | Rs. 196,067 - Rs. 326,735 | Rs. 1,277,243 - Rs. 1,319,303 |
| 2 | Rs. 256,027 - Rs. 226,931 | Rs. 162,797 - Rs. 280,501 | Rs. 1,021,216 - Rs. 1,092,372 |
| 3 | Rs. 294,260 - Rs. 284,995 | Rs. 124,564 - Rs. 222,437 | Rs. 726,956 - Rs. 807,377 |
| 4 | Rs. 338,206 - Rs. 357,915 | Rs. 80,618 - Rs. 149,517 | Rs. 388,750 - Rs. 449,462 |
| 5 | Rs. 389,153 - Rs. 450,257 | Rs. 30,109 - Rs. 57,941 | Rs. 0 |
DHFL Business Loan Eligibility Criteria :
- Self Employed Customers
- Doctors
- Entities registered under following categories –
- Proprietorship
- Partnerships
- Limited Liability Partnership
- Private Limited Company
- Limited Company
Documents Required
| Category | List of Documents |
|---|---|
| Proprietorship | 1.KYC Documents of promoter and co-applicants 2. Shop and establishment certificate/ VAT/ Sales Tax Registration Certificate 3. PAN Card 4. Last 2 years financials with audit report 5. Last 6 months Bank statement of all bank accounts 6. Existing facility sanction letter/ Repayment Track Record (RTR) of existing loan, if any 7. Proforma invoice of machinery, in case of Plant & Machinery Loans 8. Property Documents in case of Property Term Loans |
| Partnership Firms | 1. Registered partnership deed 2. KYC of partners 3. PAN Card of firm and partners 4. Shop and establishment / VAT/ Sales Tax Registration Certificate 5. Last 2 years financials with audit report 6. Last 6 months Bank statement of all bank accounts 7. Existing facility sanction letter/ Repayment Track Record (RTR) of existing loan, if any 8. Proforma invoice of machinery, in case of Plant & Machinery Loans 9. Property Documents in case of Property Term Loans |
| Private and Public Companies | 1. Memorandum of Association(MOA) / Articles of Association(AOA) 2. Latest shareholding pattern 3. KYC of Directors 4. PAN Card of the Company and Directors 5. Last 2 years financials with audit report 6. Last 6 months Bank statement of all bank accounts 7. Existing facility sanction letter/ Repayment Track Record (RTR) of existing loan, if any 8. Proforma invoice of machinery, in case of Plant & Machinery Loans 9. Property Documents in case of Property Term Loans 10. Declaration that borrower, Company or any of its Directors have not been debarred / black listed / penalized by any Stock Exchanges / SEBI/ RBI. A Declaration that the proposed borrowing is within the limits prescribed u/s 293(1)(d) of the Companies Act, 1956. |
DHFL Customer Care
To know more about DHFL business loan contact the customer representative. You can get in touch with the customer care executive through following channels :
- Call on toll- free number : 1800 22 3435
- SMS DHFL to 56677