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HDFC Business Loan

Business Loan

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    About HDFC Bank Business Loan

    It’s easy to expand your business with the HDFC Business Loan. You can avail the loan for business without any security or guarantor. Transparency is maintained and no hidden fee is charged. The procedure is quick and simple.

    HDFC Bank Business Loan Interest Rates for Self-employed Non Professionals

    Loan AmountIRRProcessing Fee (External Customers)Processing Fee (Internal Customers)
    00-4.99 Lacs20.75% (BLP1A) & 21.20% (BLP1A)
    2.50% of the loan amount
    2% of the loan amount
    5-14.99 Lacs17.40% (BLP1B)& 17.65% (BLP1B)
    2.50% of the loan amount
    2% of the loan amount
    15-24.99 Lacs17.15% (BLP1C) & 17.45% (BLP1C)
    2.50% of the loan amount
    2% of the loan amount
    >=25 Lacs16.85% (BLP1D) & 17.15% (BLP1D
    2.50% of the loan amount
    2% of the loan amount

    HDFC Bank Business Loan Interest Rates for Self-employed Professionals

    HDFC Business Loan Against Fixed Deposit Interest Rates

    Business Loan IRRProcessing Fee
    All Loan Amount14.40%2% of the loan amount

    HDFC Business Loan Dropline Overdraft Interest Rates

    Business Loan IRRProcessing Fee
    All Loan Amount19.50%2% of the loan amount

    HDFC Doctor Loan-Golden Edge Interest Rates

    Loan Ticket SizeIRRProcessing Fee
    >=15-25 Lacs13.50%1.25% of the loan amount
    >=25-40 Lacs12.75%0.99% of the loan amount
    >=40 Lacs12.50%0.99% of the loan amount

    Note: Foreclosure NIL after 12 EMIs

    HDFC Doctor Loan Balance Transfer Interest Rates

    Loan AmountIRRProcessing Fee
    <15 Lacs13.99%1.25% of the loan amount
    >=15 Lacs13.49%1.25% of the loan amount

    HDFC Business Loan Balance Transfer Interest Rates

    Loan AmountIRRProcessing Fee
    00-4.99 Lacs18.25%1.25% of the loan amount
    5-14.99 Lacs17.25%1.25% of the loan amount
    15-24.99 Lacs16.25%1.25% of the loan amount
    >=25 Lacs15.75%1.25% of the loan amount

    HDFC Bank Loan Processing Fees and Charges

    The Bank charges the processing fee of up to 2.50% of the loan amount. The customer is supposed to pay a minimum of ₹1,000 & maximum of₹75,000 depending on the amount of loan taken.

    HDFC Bank Business Loan Pre-payment Charges

    No pre-payment is permitted until the repayment of 6 EMIs. Thereafter, charges are levied at the following rates:

    Pre-payment charges07-24 Months - 4% of Principal Outstanding
    25-36 Months - 3% of Principal Outstanding
    >36 Months - 2% of Principal Outstanding

    How To Apply:

    HDFC Bank business loan facility is available only for the selected candidates.The eligible candidates can file the application for the business loan. To avail the business loan service, visit the nearest HDFC Bank branch. You can even apply online and check your eligibility.

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    HDFC Business Loan EMI Calculator

    The EMI calculator helps you compute the amount to be paid each month in the form of Equated Monthly Installment (EMIs). The amount includes the portion of the principal amount and the interest charged on the loan. It helps you know the total outgo and the amount of interest that has to be paid by you during the loan tenure.

    Let’s make it clearer with the help of an example. If you take a loan of say,₹40,00,000 at an interest rate of 15.50% for the period of 3 years than your EMI would be:

    Table Showing EMI, Interest Outgo, and Total Repayment Amount

    Loan AmountInterest RateTenureMonthly InstalmentTotal Interest AmountTotal Amount
    ₹ 40,00,00015.65%1₹ 3,62,261₹ 3,47,135₹ 43,47,135
    ₹ 40,00,00015.65%2₹ 1,95,184₹ 6,84,420₹ 46,84,420
    ₹ 40,00,00015.65%3₹ 1,39,938₹ 10,37,765₹ 50,37,765

    EMI, Total Interest Outgo, Total Repayment (Interest + Principal)

    YearPrincipalInterestBalance Amount
    1₹ 11,32,186₹ 5,47,068₹ 28,67,813
    2₹ 13,22,652₹ 3,56,602₹ 15,45,160
    3₹ 15,46,961₹ 1,34,095₹ 0

    Features and Benefits

    • Fast loan approval
    • No collateral or guarantor required
    • No hidden charges
    • Competitive loan rates
    • Easy documentation

    HDFC Bank Business Loan Eligibility Criteria:

    Self Employed including Individual Proprietors, Private Ltd. Co. and Partnership Firms involved in the Business of Manufacturing, Trading or Services with:

    •  Minimum turnover of₹40 Lakhs
    •  Minimum 3 years of functioning in current business and total business experience of 5 years
    • Business must be profit making for the last 2 years
    • Minimum Annual Income (ITR):₹1.5 Lakhs p.a.
    • Age of Applicant: Min 21 years & Max. 65 years at the time of loan maturity

    HDFC Bank Business Loan Application Form

    The application form is available on the bank’s official website. You can also get the form from the bank branch. Fill in the correct details under the following headings:

    • Personal Details
    • Occupational Details
    • Income and Banking Details
    • Loan Details
    • Additional Details regarding assets
    • Priority Sector Category
    • Documents Submitted

    Documents Required:

    Following documents are to be attached along with the application form.

    • PAN Card – For Company /Firm/ individual
    • Identity Proof: Copy of Aadhaar Card/Passport/Voter’s ID card/Pan Card/Driving License
    • Address Proof: Copy of Aadhaar Card/Passport/ Voter ID-Card/Driving License
    • Bank Statement (latest 6 months)
    • Latest ITR along with computation of income, Balance sheet and Profit & Loss a/c for the last 2 years. Financial should be 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)

    For more details contact the HDFC Business Loan Customer Care number.

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    Personal Loan Interest Rates July 2019
    Bajaj Finserv10.99% - 16.00%
    Fullerton India14.00% - 33.00%
    HDFC Bank11.25% - 21.50%
    ICICI Bank10.99% - 18.40%
    IndusInd Bank10.99% - 16.00%
    Kotak Bank10.99% - 20.99%
    RBL13.00% - 18.00%
    Standard Chartered Bank11.50% - 18.00%
    Tata Capital10.99% - 18.00%
    Home Loan Interest Rates July 2019
    State Bank of India/SBI8.50% - 9.20%
    HDFC8.55% - 9.55%
    LIC Housing8.60% - 9.15%
    PNB Housing Finance9.05% - 12.00%
    Piramal Capital & Housing Finance9.00% - 9.10%
    Tata Capital9.20% - 9.35%
    ICICI Bank9.05% - 9.30%
    Bank of Baroda8.70% - 9.70%
    Axis Bank8.85% - 9.10%
    Citibank9.00% - 9.85%
    Indiabulls Housing Finance Limited8.80% - 11.05%
    Kotak Bank8.90% - 8.75%
    DHFL9.05% - 9.95%
    Reliance Home Finance8.75% - 14.00%