DHFL Business Loan – EMI Calculator & Interest Rate- 2017

Business Loan

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

ParticularsDetails
Interest RatesCustomized
Loan AmountUp to Rs. 35,00,000
Maximum Tenor5 years
Processing Fee2% of the loan amount
ECS/ Cheque bounce chargesRs. 250 per instance
PrepaymentPermitted after 6 months
Foreclosure Statement ChargesRs. 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.

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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 AmountLoan TenureInterest RateEMITotal Interest OutgoTotal Amount (EMI+Interest)
Rs. 15,00,0001 year14%p.a –23%p.aRs. 1,34,681 -  Rs. 1,41,114Rs. 1,16,168 - Rs. 1,93,374Rs. 16,16,168 - Rs. 16,93,374
Rs. 15,00,0002 years14%p.a –23%p.aRs. 72,019 - Rs. 78,560Rs. 2,28,464 - Rs. 3,85,439Rs. 17,28,464 - Rs. 18,85,439
Rs. 15,00,0003 years14%p.a –23%p.aRs. 51,266 - Rs. 58,065Rs. 3,45,592 - Rs. 5,90,325Rs. 18,45,592 - Rs. 20,90,325
Rs. 15,00,0004 years14%p.a –23%p.aRs. 40,990 - Rs. 48,077Rs. 4,67,506 - Rs. 8,07,706Rs. 19,67,506 -  Rs. 23,07,706
Rs. 15,00,0005 years14%p.a –23%p.aRs. 34,902 - Rs. 42,286Rs. 5,94,143 - Rs. 10,37,142Rs. 20,94,143 - Rs. 25,37,142

Amortization Table

YearPrincipal PaymentInterest OutgoBalance Amount
1Rs. 222,757 - Rs. 180,697Rs. 196,067 - Rs. 326,735Rs. 1,277,243 - Rs. 1,319,303
2Rs. 256,027 - Rs. 226,931Rs. 162,797 - Rs. 280,501Rs. 1,021,216 - Rs. 1,092,372
3Rs. 294,260 - Rs. 284,995Rs. 124,564 - Rs. 222,437Rs. 726,956 - Rs. 807,377
4Rs. 338,206 - Rs. 357,915Rs. 80,618 - Rs. 149,517Rs. 388,750 - Rs. 449,462
5Rs. 389,153 - Rs. 450,257Rs. 30,109 - Rs. 57,941Rs. 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
Proprietorship1.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 Firms1. 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 Companies1. 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.
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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