HDFC Bank Business Loan Details

Loan amountUp to Rs. 40 lakhs (Rs. 50 lakhs in select locations) 
Tenure12 - 48 months
Rate of interest11.90% - 21.35% p.a.
Processing feeUpto 2.50% of the loan amount, minimum Rs. 1,000 & maximum Rs. 25,000 for salaried customers, and Rs. 75,000 for self employed customers.
Prepayment charges2% - 4% of principal outstanding
Minimum business turnover Rs. 40 Lakhs
Age21 - 65 years

HDFC Bank Business Loan Features

Here's what makes HDFC Bank Business Loan different:

  • Collateral-free: HDFC Bank Business Loans do not involve any collateral, security and guarantor, thus bringing you peace of mind.
  • Business loan balance transfer: Business loan balance transfer lets you transfer existing debts into a single consolidated business loan which is paid back at easy monthly.
  • Competitive interest rates: Low interest rates, starting at 11.90% p.a.
  • Low processing fees: Processing fee up to 2.50% of the sanctioned loan amount.
  • Flexible loan amount: Get a loan of up to Rs. 40 Lakhs (and  50 Lakhs in select locations) without any collateral, guarantor, or security.
  • Dropline overdraft facility: Get dropline overdraft facility up to Rs. 5 Lakhs to Rs. 15 Lakhs Pay back your interest only on the utilised amount.

Why Apply for HDFC Bank Business Loan?

  • Business loan for all purposes: HDFC Business Loan lets you meet all your business-related financial requirements, including buying land, moving into a new office space, purchasing equipment, getting a capital boost for future growth, and so on. 
  • Option of prepayment: You have the option of prepaying your business loan after 6 months at prepayment charges of 2% to 4%.
  • Quick eligibility check and loan disbursal:Your loan eligibility is checked in less than 60 seconds,and loan disbursal procedures are quick, giving you the required funds instantly.
  • Flexible repayment tenure: Pay back your loan within a flexible tenure of 12 to 48 months.
  • Many branches:There are over 4,972 branches of HDFC Bank in India where you can apply for a Business Loan directly.
  • Credit protect option: HDFC don't just give you a Business Loan, but also provide credit insurance. The Credit Protect Scheme deducts the insurance charges from your loan amount and provides loan repayment protection cover so that your family doesn't have to worry about the payment of outstanding loan amount in the event of accidental or natural death. This credit protection comes with tax benefits.

HDFC Bank Business Loan Interest Rates

HDFC Bank offers Business Loans at lucrative fixed interest rates of 11.90% to 21.35%, based on the eligibility of the borrower. For business loan balance transfer cases, interest rate starts from as low as 15.75% p.a.

HDFC Bank Business Loan EMI Calculation

The HDFC Bank Business Loan EMI amount can be computed using the MyMoneyMantra's EMI Calculator. The Business Loan EMI Calculator lets you set parameters such as the loan amount, tenure, and interest rate to know what your monthly EMI amount comes to. To calculate your EMI for HDFC Bank Business Loan, follow the steps below:

  • Visit mymoneymantra.com.
  • Click on the 'EMI Calculator' tab given under 'Financial Tools' section.
  • Enter the required loan amount, interested rate, and tenure of the loan (in years or in months).
  • Hit the ‘Enter’ button.

You will get the EMI amount, Total Payable Interest and total loan payment (Principal + Interest).

This calculator provides the loan amortisation schedule as well. It gives you the year-wise breakup of your loan repayments. 

Here is an example of EMI calculation using MyMoneyMantra EMI Calculator:

Loan amount required: Rs. 40 Lakhs

Applicable rate of interest: 11.90% p.a.

Repayment tenure: 4 years

EMI to be paid by you each month: Rs. 1,05,139

Total interest to be paid: Rs. 10,46,675

Total amount to be paid by you to the lender: Rs. 50,46,675

Our EMI Calculator also provides the following amortization schedule:

YearOpening Balance

Amount Paid by

customer(EMI*12)

Interest paid during

the year

Principal paid during

the year

Closing Balance
1Rs. 40,00,000Rs. 1,05,139Rs. 39,667Rs. 65,472Rs. 39,34,528
2Rs. 39,34,528Rs. 12,61,669Rs. 4,23,469Rs. 8,38,199Rs. 30,96,328
3Rs. 30,96,328Rs. 12,61,669Rs. 3,18,099Rs. 9,43,569Rs. 21,52,759
4Rs. 21,52,759Rs. 12,61,669Rs. 1,99,483Rs. 10,62,185Rs. 10,90,573
5Rs. 10,90,573Rs. 11,56,530Rs. 65,956Rs. 10,90,573Rs. 0

HDFC Bank Business Eligibility

To avail HDFC Bank Business Loan, applicant should meet following eligibility criteria:

  • Any proprietor, self-employed individual, partnership firm, or private limited company involved in trading, manufacturing or services can apply for HDFC Business Loan.
  • The applicant must be 21 years old at the time of borrowing and maximum 65 years old at the time of maturity of the loan.
  • Minimum business turnover must be Rs. 40 Lakhs.
  • The applicant must be associated with the current business for the past 3 years.
  • The total business experience of the individual must be minimum 5 years.
  • The business should be in a profitable state for the last 2 years.
  • The annual income (ITR) of the business must be minimum Rs. 1.5 Lakhs.

Documents Required HDFC Business Loan

The following documents are required when the applicant applies for an HDFC business loan online:

  • PAN Card: For individual/firm/company
  • Identity Proof (any of the following):
    • Aadhaar Card
    • Driving Licence
    • Passport
    • PAN Card
    • Voter's ID Card
  • Address Proof (any of the following)
    • Aadhaar Card
    • Driving Licence
    • Passport
    • Voter's ID Card
  • Bank Statement of last 6 months
  • Recently filed ITR with computation of income - certified/audited by CA
  • Balance Sheet for the previous 2 years - certified/audited by CA
  • Last 2 years Profit & Loss Statement - certified/audited by CA
  • Other documents
    • Certified copy of Partnership Deed or Sole Proprietorship Declaration,
    • Certified copy of M&AA (Memorandum and Articles of Association) - duly certified by Director
    • Original Board Resolution

HDFC Business Loan Charges

HDFC Bank business loan comes with following charges:

  • Processing fee: Up to 2.50% of the sanctioned loan amount, minimum Rs. 1,000 and maximum Rs. 25,000 for salaried customers and Rs. 75,000 for self-employed customers.
  • Prepayment charges: Prepayment is allowed only after repaying 6 EMIs. Prepayment charges are as follows:
    • 4% of principal outstanding - if prepayment is done between 6-24 months.
    • 3% of Principal Outstanding - if prepayment is done between 25-36 months.
    • 2% of Principal Outstanding - if prepayment is done after 36 months.
  • Overdue EMI interest: 2% per month.
  • Stamp duty & other statutory charges: As applicable by the State.
  • Cheque swapping fee: Rs. 500
  • Amortization schedule charge: Rs. 200
  • Cheque bounce penalty: Up to Rs. 550 for per bounced cheque. 10% discount for senior citizens.
  • Taxes: Government taxes & other levies as applicable will be charged over & above the fees and charges mentioned above.

How to Apply for HDFC Business Loan at MyMoneyMantra?

Applying for HDFC Bank business loan through MyMoneyMantra is easy and quick, all you need to do is:

  • Visit our official website - mymoneymantra.com.
  • Click on Business Loan tab under Loans
  • Enter the required details including your employment type, name, e-mail address, city you are currently living in, type of business, annual income, required loan amount, and mobile number.
  • Provide your consent.
  • Choose HDFC Bank as your Business Loan partner.
  • Fill in the form by providing some basic details like your gender, marital status, PAN Number, and others and click proceed.
  • Enter your financial details and proceed.
  • Enter your address details and click on the submit button.
  • You will receive a call from MyMoneyMantra's Business Loan Specialist soon, guiding you further with the application and documentation process.

HDFC Bank Business Loan Customer Care

You can contact HDFC Bank Customer Care regarding any loan related query at the following Toll-Free number:

1800 266 4332

You can reach them at their following address:

82, Cyrus Avenue, Khatija Mansion, Dr AnandRao Nair Rd,

Mumbai Central,

Mumbai-400008.

HDFC Bank's virtual assistant 'EVA' answers customer question through voice and chat-based channels. In addition to automated customer care and answering FAQs, HDFC Bank's customer care department is available round-the-clock through the toll-free number, email, Click2Talk, and Onchat messenger service.

Additional Info: HDFC Home Loan Customer Care Number

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HDFC Bank Business Loan FAQs

Can I transfer my existing Business Loan from other banks to HDFC?

Yes. HDFC Bank lets you transfer your existing Business Growth Loan to HDFC Bank at a lower interest rate and lower EMIs.

What is the repayment tenure available for HDFC Business Loan?

You can repay your HDFC Business Growth Loan within a period of 12 to 48 months.

What should be my business turnover to avail the loan?

The turnover of your business should be minimum Rs. 40 Lakhs.

What is the processing fee applicable on loan?

HDFC Business Growth Loan comes with a processing fee of up to 2.50% of the loan amount, which is subject to a minimum Rs. 1,000 and maximum Rs. 25,000 for salaried customers and Rs. 75,000 for self-employed customers.

When can I prepay my loan?

The prepayment can be done only after repaying 6 EMIs.

How much loan amount can I avail under the loan?

Under HDFC Business Growth Loan, you can avail up to Rs. 40 Lakhs (Rs. 50 Lakhs in select locations).

Who can apply for the loan?

Anyone who meets the following criteria is eligible to apply for the loan:

  • The age of the applicant must be 21 years at the time of application and up to 65 years at the time of loan maturity.
  • Proprietors, Self-employed individuals, Private Ltd. Co., Partnership Firms involved in Manufacturing, Trading, or Services.
  • The minimum turnover of the business should be Rs. 40 Lakhs.
  • Individuals must be in the current business for at least 3 years and should have total business experience of 5 years.
  • The business must be profit-making for the last 2 years.
  • The Minimal Annual Income (ITR) of the business should be Rs. 1.5 Lakhs per annum.