HDFC Bank

HDFC Bank

Overview

HDFC provides business loan for short or long term financial needs of business organizations. A lot of times it is important for a businessman to acquire a certain amount of money for running his/her enterprise. It is well known that without the required capital no business can run. For any business whether in initial stage or in growth phase, capital is required to keep up the momentum.

 

Loan Feature

Loan Amount Up to Rs. 15 Lacs (Rs. 30 Lacs in selected locations)
Interest Rate 17% to 22% per annum
Tenure 12 to 36 months
Pre Payment Charges 2% - 4% of Principal Outstanding
Service Charges

Loan Processing Charges* :

Up to 2.50% of the loan amount subject to a minimum of Rs. 1,000/- & Maximum of Rs. 75000/-

Eligibility Criteria : Business Loan

  Self
Age 21-65 Years
Income Minimum Annual Income (ITR): Rs. 1.5 Lakhs p.a.
Job Experience Minimum of 3 years in current business and 5 years total business experience
Residence Proof Valid Residence Proof

Docs Required : Business Loan

  Self
ID Proof Passport, driving license, PAN Card, Aadhar Card, Voter's ID card
Address Proof Electricity Bill, Phone Bill, Passport
DOB Proof 10th class certificate
Financial Docs
  • Bank Statements for last 6 months for all primary accounts
  • 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)

Other Charges : Business Loan

Pre-payment charges* : 

07-24 Months - 4% of Principal Outstanding

 07-24 Months - 4% of Principal Outstanding

 

25-36 Months - 2% of Principal Outstanding

>36 Months - NIL

Charges for late payment of EMI: @ 24 % p.a on amount outstanding from date of default

 

25-36 Months - 2% of Principal Outstanding
>36 Months - NIL

 

Products offered by HDFC Bank

Need Help in Choosing the right Loan/Insurance?

Interested in *
Name *
Mobile *
E-Mail *
City *
 

Calculator

Loan Amount
Interest Rate
Tenure (months)

Testimonial

After getting rejected for a home loan by two banks I thought my wish of owning a home in a city like Mumbai will remain a dream. By chance I came to your site and applied for the loan.

What happened then was a smooth process. It's been my good luck to visit your site and get loan for my dream home.

Thanks

- Deepak Gupta

Advertisement



© 2014 LoanBoss.com | Accentiumccentium