CAR LOAN @ 15.75%* %
HDFC Bank offers Business loan to develop the Business including purchasing of new machinery in India. HDFC Bank takes of care of customer needs and try to full up their financial needs by syndicating the Business loan at affordable rate of Interest. A borrower can apply for Business loan to investment in start up new Business. Unlike Secured loan, a borrower can get Business loan within seven working days subject to Creditscore & Financial Statements. HDFC Bank will process the Business Loan quickly and speedy. apply now.
If you have any concerns please read this collection of frequently asked questions before contacting us. If
you are still unclear about something feel free to contact.
Avail of a loan up to Rs. 40 lakhs (up to Rs. 50 lakhs in select locations) to fulfil your every business need, from business expansion and working capital, to your child's education or a home renovation. apply now.
Transfer your existing Business Loan to HDFC Bank for lower EMIs, and enjoy our benefits
To transfer your loan balance.
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.
Your BusisnessLoan 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. apply now.
The following people are eligible to apply for a Business Loan:
PAN Card – For Company/Firm/Individual
A copy of any of the following documents as identity proof:
Bank statement of the previous 6 months
Latest ITR along with computation of income, Balance Sheet and Profit & Loss account for the previous 2 years, after being 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)] apply now.
|Fee||Amount to be Paid|
|Rack Interest Rate Range||15.50% to 18.30% apply now.|
|Loan Processing Charges||Up to 2.50% of the loan amount subject to a minimum of Rs. 1,000/- & Maximum of Rs. 75000/-|
|Prepayment||No pre-payment permitted until repayment of 6 EMIs apply now.|
|Stamp Duty (Non -refundable)||At actuals|
07-24 Months - 4% of Principal Outstanding
25-36 Months - 3% of Principal Outstanding
>36 Months - 2% of Principal Outstanding
|No Due Certificate / No Objection Certificate (NOC)||NIL|
|Duplicate no due certificate / NOC||NIL|
|Solvency Certificate||Not applicable|
|Charges for late payment of EMI||2% per month on EMI / Principal overdue subject to the a minimum amount of Rs. 200/- apply now.|
|Charges for changing from fixed to floating rate of interest||Not applicable|
|Charges for changing from floating to fixed rate of interest||Not applicable|
|Stamp Duty & other statutory charges||As per applicable laws of the state|
|Credit assessment charges||Not applicable|
|Non standard repayment||Not applicable|
|Cheque swapping charges||Rs 500/-|
|Amortization Schedule charges||Rs 200/-|
|Loan cancellation charges||NIL (However Inerest would be charged for the interim period between date of loan disbursement and date of loan cancellation and processing fees would be retained)|
|Cheque Bounce Charges||Rs 550/- per cheque bounce|
|Legal / incidental charges||At actual|
*Government Taxes and other levies as applicable will be charged over and above the Fees and Charges apply now.