Apply For HDFC Bank Business Loan

Applying for an HDFC Bank Business Loan can be a straightforward process if you have the right information and meet the eligibility criteria.

Here’s a quick overview of what you need to know:

Eligibility:

  • Business type: Self-employed individuals, proprietors, private limited companies, and partnership firms involved in manufacturing, trading, or services are eligible.
  • Turnover: Minimum annual turnover of ₹40 lakhs.
  • Profitability: Business should have been profit-making for the previous 2 years.
  • Experience: Individual applicant should have a minimum of 3 years of experience in the current business and 5 years of total business experience.
  • Age: Applicant should be at least 21 years old at the time of application and not older than 65 years at loan maturity.
  • Income: Minimum annual income (ITR) of ₹1.5 lakhs per annum.

Loan options:

  • HDFC Bank Business Loan: Loan amount up to ₹75 lakhs, flexible repayment tenure up to 5 years, competitive interest rates.
  • HDFC Bank MSME Business Loan: Loan amount up to ₹15 lakhs, flexible repayment tenure between 12 and 48 months.
  • HDFC Bank Gold Loan: Loan against gold ornaments, quick approval, minimal documentation.

Application process:

  • You can apply online through the HDFC Bank website or at any branch.
  • The online application process is quick and easy, and you can get a decision within minutes.
  • The documents required for the application will vary depending on the loan amount and type, but typically include:
    • Business PAN card
    • ITR returns for the last 2 years
    • Bank statements for the last 6 months
    • Proof of business address

Here are some additional things to keep in mind:

  • The interest rate on your business loan will depend on your credit score, loan amount, and repayment tenure.
  • HDFC Bank offers a variety of repayment options, so you can choose one that fits your budget.
  • It is important to compare interest rates and terms from different lenders before applying for a business loan.

 

Apply For HDFC Bank Business Loan

Overview

Location

310, Third Floor, Gagandeep Building, Rajendra Place,,110008,Rajendra Nagar,Delhi,India