Avail of a loan up to Rs. 40 lakhs (up to Rs. 50 lakhs in select locations) without any collateral (Collateral is a necessary element that a recipient has to keep with him to get a loan. Securities can also be used as collateral.), guarantor (A guarantor is a person who guarantees payment by another. A guarantor becomes a co-endorser and assumes liability in event of default.) or security, to fulfil your every business need, from business expansion and working capital, to your child's education or a home renovation.
Transfer your existing Business Loan to HDFC Bank for lower EMIs, and enjoy our benefits
It provides Overdraft facility without any security. Limit is set in separate Current account which drops monthly till end of the tenure. Pay the interest only on the amount utilized.
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 SMS, Webchat, Click2Talk and PhoneBanking.
The following people are eligible to apply for a Business Loan:
Enclosed below are HDFC Bank Business Loan Interest Rates & Charges
Senior Citizen Customers are eligible for discount of 10% on all service charges
| Fee | Charges |
|---|---|
| Rack Interest Rate Range | Min 10.00% & Max 22.50% |
| Loan Processing Charges | Up to 2.00% of the loan amount NIL Processing Fees for loan facility up to Rs. 5 Lakh availed by Micro & Small Enterprises subject to URC submission prior to disbursal |
| Prepayment- Part or Full | No pre-payment in part or full permitted until repayment of 6 EMIs Part-payment allowed after 12 EMIs up to 25% of principal outstanding. It is allowed only once in the financial year and twice during the loan tenure. |
| Pre-payment charges | 06-24 months - 4% of principal outstanding, 25-36 months - 3% of principal outstanding >36 months - 2% of principal outstanding *NIL Foreclosure/ Prepayment Charges for Fixed rate loan facility up to Rs. 50 Lakh availed by Micro & Small Enterprises and Closure from Own Source |
| Loan Closure Letter | NIL |
| Duplicate Loan Closure Letter | NIL |
| Solvency Certificate | Not applicable |
| Fee | Charges |
|---|---|
| Overdue EMI Interest | 2% per month |
| 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 & other statutory charges | As per applicable laws of the state |
| Credit assessment charges/th> | Not applicable |
| Non standard repayment charges | Not applicable |
| Repayment mode change charges | Rs 500/- |
| Amortization Schedule Charges / Repayment Schedule Charges | Rs 50/- Per Instance |
| EMI / Payment Return Charges | Rs 450/- |
| Legal/Incidental Charges | At actuals |
| Loan Cancellation & Rebooking Charges | NIL for cancellation of Loan (However client would be charged interest for the interim period between date of loan disbursement and loan cancellation and Processing Fees would be retained.). Rs. 1000/- for rebooking the loan. |
| IRR | Q2 (2022-23) |
|---|---|
| Min IRR | 8.00% |
| Max IRR | 21.01% |
| Avg IRR | 16.43% |
| APR | Q2 (2022-23) |
|---|---|
| Min APR | 8.00% |
| Max APR | 21.02% |
| Avg APR | 16.43% |
*Government Taxes and other levies as applicable will be charged over and above the Fees and Charges
Loan at the sole discretion of HDFC Bank Ltd.