https://www.hdfcbank.com/personal/borrow/popular-loans/business-loan

Features

Fulfil Your Every Need

Transfer Loan Balance with Ease

Dropline Overdraft Facility

Quick Eligibility Check & Disbursal

Flexible Tenure

Convenient Borrowing

Stay Protected

Avail of a loan up to ₹50 lakhs (up to ₹75 lakhs in select locations) without any collateral, guarantor or security, to fulfil your every business need, from business expansion and working capital, or any other personal work.

Transfer your existing Business Loan to HDFC Bank for lower EMIs, and enjoy our benefits

• Attractive Interest rates on existing loan transfer.
• Flexible tenure upto 48 months to transfer your loan balance, apply now Unified Link.

It provides Overdraft Facility without any security. Limit is set in a separate Current Account which drops monthly till the end of the tenure. Pay the interest only on the amount utilised.

• Dropline Overdraft Facility up to ₹1 lakh - ₹25 lakhs*
• No guarantor/ security required
• Tenure ranging from 12-48 months
• Attractive rate of interest
• No foreclosure / part closure shall be permitted during the first 6 months of the limit setting

Check your Business Loan eligibility online or at any branch in just 60 seconds. Loans will be disbursed based on previous repayment of Home Loans, Auto Loans and Credit Cards.

You can repay your loan over a period of 12 to 48 months.

For any help with your loan, you can reach out to us via WhatsApp, Webchat, and PhoneBanking

• Take care of your loved ones by paying a nominal premium* and covering your loan with our Credit Protect
• Protects the family by paying off the loan amount in case of death of the customer
• Life coverage – provides peace of mind
• No need to use other savings to repay the loan
• Tax benefits as per applicable laws
• One convenient package - loan + insurance
• The premium for this product will be deducted from the loan amount at the time of disbursal, after levying service taxes and applicable surcharge/cess at the rates notified by the government
• In case of natural/accidental death of the customer, the customer/nominee can avail of the Payment Protection Insurance (Credit Protect), which insures the principle outstanding on the loan up to a maximum of the loan amount.
• Terms & Conditions of the insurers shall apply. The above product is offered by HDFC Life Ins Co. Ltd.

Eligibility

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 ₹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 ₹1.5 lakhs per annum
• The applicant should be at least 21 years at the time of applying for the loan, and should be not older than 65 years at the time of loan maturity.

Fees and Charges

Enclosed below are HDFC Bank Business Loan Interest Rates & Charges

Senior Citizen Customers are eligible for discount of 10% on all service charges

NIL Processing Fees for loan facility up to ₹5 Lakhs availed by micro and small Enterprises subject to URC submission prior to disbursal | | Premature Closure Charges (For Full Payment) | Premature closure Charges (applicable on principal outstanding) post Cooling Period off / look-up Period. • Up-to 24 EMI repayment - 4% of principal outstanding, • Post 24 EMI and up to 36 EMI repayment - 3% of principal outstanding, • Post 36 EMI repayment - 2% of principal outstanding. | | Premature Closure Charges (For Part payment) | Partial Premature closure charges (applicable on part payment amount) :-

• Partial premature payment is allowed post payment of first EMI. • Post 01 EMI and up to 24 EMI repayment - 4% of part payment amount. • Post 24 EMI and up to 36 EMI repayment - 3% of part payment amount. • Post 36 EMI repayment- 2% of part payment amount.

Partial premature payment is allowed up to 25% of Principal Outstanding, only once in the financial year and twice during the loan tenure.

​​​​​​​NIL Premature Closure Charges for Fixed rate loan facility up to ₹ 50 Lakh availed by Micro & Small Enterprises, Closure from Own Source, and submission of Udyam Registration Certificate prior to disbursal. | | | | | Loan Closure Letter | NIL | | Duplicate Loan Closure Letter | NIL | | Solvency Certificate | Not applicable | | Delayed instalment payment charge | 18% p.a plus applicable government taxes on overdue instalment amount | | Charges for changing from fixed to floating rate (An interest rate that is allowed to move up and down with the rest of the market or along with an index.) of interest | Not applicable | | Charges for changing from floating to fixed rate (An interest rate that will remain at a predetermined rate for the entire term of the loan.) of interest | Not applicable | | Stamp Duty and other statutory charges | As per applicable laws of the state | | Credit assessment charges | Not applicable | | Non standard repayment charges | Not applicable | | Repayment mode change charges | ₹500 | | Amortization Schedule Charges Repayment Schedule Charges

Payment Return Charges | Rs. 50/- per schedule for physical copy. Customer can also download from website free of cost.₹ 450 Per Instance | | Legal/Incidental Charges | At actuals | | Loan cancellation Charges & Rebooking Charges | Loan cancellation Charges:Loan cancellation is allowed within cooling off/look-up period from the loan disbursement date. In the event of loan cancellation, interest charged from date of disbursement till the date of loan cancellation will be borne by the customer. Processing Fee, Stamp duty, other statutory charges and GST are non-refundable charges and would not be waived/refunded in case of loan cancellation.Rebooking Charges :-  ₹ 1000/- + applicable government taxes |

Charges Post Loan Disbursal

Rates Offered To Customer During The Period Of 1st Jul 2023 To 30th Sep 2023