1,95,000 people visited this section in last 30 days.

Get Cashback of Upto ₹ 1,000* on Business Loan Apply Online

MyLoanCare Customer Ratings - 4.5/5.0

HDFC Business Loan Interest Rate Mar 2021

HDFC Bank Business Loan Interest Rates India

Last Updated 12th Feb 2021

HDFC Bank business loan interest rate starts at 15.65%, with interest rate varying based on the loan amount, occupation and type of loan availed. Processing Fee on HDFC business loan is in the range of Starting from 0.99%, Max 2.50%. Check Best Offers

Interest Rate 15.65%
Processing Fee Starting from 0.99%, Max 2.50%
Tenure From 12 months to 48 months
Lowest EMI per lakh ₹ 2,816
Loan Amount Min ₹ 50,000 and Max ₹ 50 Lakh
Part Prepayment, Charges Not allowed
Early Foreclosure, Charges Allowed after 12 EMI's, 2 - 4%

Dropline Overdraft to save interest

Apply for Business Loan @ 13.50%*

HDFC Business Loan

HDFC Bank offers loan to self employed and businessmen for financing the expansion or working capital requirements of their business. There are some benefits of taking loan from HDFC Bank:

  • Dropline Overdraft to save interest
  • High loan amount upto Rs. 50 Lakh
  • No collateral or guarantor required
  • Balance transfer option available
  • Flexible tenure and easy process
  • You can foreclose your entire Business loan anytime after paying 12 EMI's at foreclosure charges - 2 - 4%
  • HDFC Bank has been rated 4.5/5.0 by customers for its service quality on MyLoanCare
  • HDFC Bank has over 4,972 branches in India where you can avail service

HDFC Bank Business Loan Interest Rate Calculator

There are multiple factors on which basis bank calculates your interest rate. Some of these factors are -

  • Loan amount: Business loan rate in HDFC Bank depends upon the loan amount you apply for. Higher the loan amount, lesser will be the interest rate. Bank gives loan of minimum ₹ 50,000 to upto ₹ 50 Lakh. Interest rate for high loan amount can be lower resulting in lower EMIs.
  • CIBIL Score: HDFC Bank offers loan at higher interest rate if your CIBIL score is low or vice versa. However, to get loan from HDFC Bank, your CIBIL score should be atleast 700. Higher the CIBIL Score, higher the chances of getting a loan at lowest business loan interest.
  • Revenue: HDFC Bank will offer you loan at lower interest rate if you have higher monthly revenue. Bank gives loan to the borrowers whose annual turnover is at least ₹ 1,00,00,000.
  • Time in Business: HDFC Bank offers loan at lower rates if you have significant business experience. Minimum business existence to get loan from HDFC Bank is 36 months.

HDFC Bank Business Loan Eligibility Criteria

Bank have a detailed criteria to determine the eligibility of a borrower for business loans. Some of the key criteria are:

Eligibility Criteria Description
Age 21 to 65 years
Minimum Turnover ₹ 1,00,00,000
Business Existence (in months) 36 months
ITR (months) 24 months
Loan Amount ₹ 50,000 to ₹ 50 Lakh
Loan Tenure 48 months
Owned House or Place of Work Required
CIBIL Score 750 and above

HDFC Bank Business Loan Eligibility Calculator

Eligibility of Business loan in HDFC Bank relies on two important factor:

1.Your ability to repay the loan and
2.Your past track record in repayment of loans.

The main factors on which the eligibility of an applicant depends are

  • Age: Age plays an important role to know your eligibility and repayment capacity. HDFC Bank offers loan to those who are at least 21 years old at the time of loan approval and maximum 65 years at the time of loan maturity.
  • Loan Amount: Based on the loan amount eligibility, bank gives you loan ranging from ₹ 50,000 to ₹ 50 Lakh. To improve chances of approval, apply for a loan amount that you can comfortably service.
  • Profitability and Revenue: Loan eligibility significantly depends upon profitability on your turnover, revenue and profitability. HDFC Bank requires profit for minimum 2 years and minimum business turnover of ₹ 1,00,00,000.
  • Business Stability: Future business prospects and its stability is important to improve your eligibility for business loan. HDFC Bank requires minimum business track record of 36 months. The bank will also look for minimum growth in sales for the last three year. A decline in sales for a certain period or below a certain limit might impact your eligibility to get loan.
  • ITR and Banking: Bank gives loan only after checking your income tax return and bank statements. Your ITR details for minimum 24 months and bank statement for minimum 6 months will be required by HDFC Bank.
  • CIBIL Score: When checking loan eligibility, HDFC Bank will look at the complete CIBIL report. HDFC Bank will check your repayment history for all current and past loans and credit cards. Bank advise you to maintain a score of 750 and above to get loan approval.

HDFC Bank Business Loan EMI Calculator

HDFC Bank Business Loan EMI is a fixed amount that you pay each month towards the repayment of your loan till the end of tenure. Lowest EMI offered by HDFC Bank is ₹ 0.03 Lakh per lakh loan amount. EMI of HDFC Bank depends on factors like:

  • Interest Rate: Higher the interest rate, higher will be the EMI. For a 48 months loan from HDFC Bank at an interest rate of 15.65% per annum, EMI will be ₹ 0.03 Lakh per ₹ 1 Lakh loan amount. At an interest rate of 21.35% for the same loan, the EMI will be ₹ 0.03 Lakh.
  • Loan tenure: Longer the loan tenure, lesser your smonthly EMI. At interest rate of 15.65% per annum, the EMI on HDFC Bank business loan would range from ₹ 0.09 Lakh to ₹ 0.03 Lakh for loan tenure ranging from 12 to 48 months.
  • Amount Borrowed: HDFC Bank Loan EMI will be high if you apply for a high loan amount. For amount borrowed ₹ 50,000 , the EMI at 15.65% for 48 months would be ₹ 0.01 Lakh. Similarly for amount borrowed ₹ 50 Lakh, the EMI at 15.65% for 48 months would be ₹ 0.01 Cr.

What are the benefits of calculating business loan EMI?

  • Business loan EMI calculator of HDFC Bank helps you to calculate your monthly EMI at different rate of interest
  • HDFC Bank EMI calculator helps you to know your capacity to repay the loan after meeting your regular monthly expenses
  • You get a rough idea about your monthly EMI and can plan your monthly budget accordingly

Business Loan Products

HDFC Bank offers customized products for specific customer segments designed to meet their loan requirements. Some of the popular products with their basic features are as follows:

Business Loan for Self Employed Individuals

Description

  • HDFC Bank offers collateral-free business loan for self-employed Individuals.
  • The product offers benefits like overdraft facility, flexible tenure options and loan balance transfer.
  • The loan amount may range up to Rs 50 lakhs.

Who is eligible?

  • The business involved should have a minimum turnover of Rs 40 lakhs.
  • Loan applicants should have been in business for a minimum of three years, and with five years of total business experience.
  • The business enterprise should have been profitable in the previous two years.
  • A minimal annual income of the buisness should be Rs 1.5 lakhs per year.
  • The loan can be taken by self-employed individuals involved in the business of trading, services or manufacturing.
Loan for Business Expansion

Description

  • HDFC Bank offers loan for business expansion for up to five years with easy repayment options.
  • The loan can be taken for business expansion, to maintain cash flow, to finance capital expenditure and for the purchase of a fixed asset.

Who is eligible?

  • The business involved should have a minimum turnover of Rs 40 lakhs.
  • Loan applicants should have been in business for a minimum of three years, and with five years of total business experience.
  • A minimal annual income of the buisness should be Rs 1.5 lakhs per year.
  • The loan can be taken by self-employed individuals, sole proprietors, Private ltd companies, and partnership firms involved in the sectors of manufacturing, service or trading.
Loan for Doctors

Description

  • Get maximum loan amount up to ₹ 50 lakhs
  • Balance transfer facility for lower EMIs
  • Golden Edge facility for high amount and high income doctors
  • Doctors can take this loan to expand business, home renovation and child's education.
  • No collateral required

Who is eligible?

  • Doctors with 4 years experience are eligible for this loan
  • Salaried, Non Salaried and BAMS/BHMS Doctors
Loan for CA/ CS and Architects

Description

  • Competitive interest rates
  • Balance transfer facility for lower EMIs
  • Fast approval and no collateral required
  • This loan is for professionals to expand business, home renovation and child's education.
  • No collateral required

Who is eligible?

  • CA with 4 years experience, CS and Architects with 5 years experience are eligible for this loan
  • Chartered Accountants, Company Secretaries and professionals doing self practice or consulting
Business Loan Dropline Overdraft

Description

  • Pay interest only on the amount utilized
  • Get facility for amount between ₹ 5 lakhs and ₹ 15 lakhs
  • Set limit in separate current account that drops every month till tenure ends
  • This is a collateral free overdraft scheme to meet your business related needs.
  • No collateral required

Who is eligible?

  • Individuals with age of 21 to 65 years whose current business is 3 years old and has total business existence of 5 years
  • Self employed individuals, Proprietors, Private Limited and Partnership Firms which are involved in the business of Manufacturing, Trading or Services

Other Charges

In addition to interest rates, business loan also carry some other charges which include:

  • Foreclosure Charges- These charges are to be paid in case you want to repay your entire loan amount before the end of tenure period. HDFC Bank allows prepayment of loan after paying 12 EMI’s with prepayment charges - 2 - 4%
  • Processing Fee- HDFC Bank asks for a processing fee of Starting from 0.99%, Max 2.50% with applicable service tax

Documents required

  • Address proof of individual: Aadhaar Card, Voter’s ID Card, Bank statement, registry copy, rent agreement , utility bills
  • Identity proof of individual: Passport, Driving License, PAN Card, Aadhaar Card, Voter’s ID Card
  • Business existence proof: PAN, sales tax/ excise/ VAT/ service tax registration, copy of partnership deed, trade license, certificate of practice, registration certificate issued by RBI, SEBI
  • Copy of Income Tax PAN for 24 months
  • Bank statement of last 6 months

FAQs

Why to take business loan from HDFC Bank?

Bank offers loan at 15.65% rate with the lowest EMI of ₹ 2,816 per lakh. If you are paying EMI more than this then you can opt for balance transfer and relocate your loan to HDFC Bank.

What is the interest charged on HDFC Bank business loan?

Interest rates on Business loan in HDFC Bank are very attractive starting from 15.65% to 21.35%. Bank offer various offer for self employed professionals to get loan at very low rate of interest.

What is the lowest EMI per lakh on business loan from HDFC Bank?

If you apply for loan from HDFC Bank, your lowest EMI per lakh will be ₹ 2,816.

What is the minimum and maximum tenure of business loan in HDFC Bank?

These loans are shorter tenure loans. You can repay your loan in a flexible period of minimum 12 months to maximum echo 48 months.

How much business loan amount I can borrow from HDFC Bank?

HDFC Bank offers you loan if you need a minimum amount of ₹ 50,000 to a maximum amount of ₹ 50 Lakh.

What is the processing fee charged by HDFC Bank on business loan?

HDFC Bank charges a processing fee of Starting from 0.99%, Max 2.50% with applicable tax.

Is age an eligibility factor to get loan for business from HDFC Bank?

Yes, age is an important eligibility factor to get loan as you should be at least 21 years old at loan approval time and 65 years old at loan maturity time.

What are the prepayment charges on business loan from HDFC Bank?

Bank charges a fee in case you want to repay your entire loan amount before the end of tenure period. The fee charged by HDFC Bank is 2 - 4%.

HDFC Bank Business Loan Customer Care Number, Email, Application Status, Branches
City Customer Care Number
Agra 993-590-3333
Ahmedabad 079-61606161
Ambala 999-624-3333
Anand 079-61606161
Aurangabad Bihar 022-61606161
Bangalore 080-61606161
Bhilai 1860-266-6161
Bhilwara 987-500-3333
Bhiwadi 022-61606161
Bhopal 0731-6160616
Bhubaneswar Cuttack 993-790-3333
Bikaner 987-500-3333
Chandigarh 0172-6160616
Chennai 044-61606161
Cochin 0484-6160616
Coimbatore 044-61606161
Dehradun 993-590-3333
Delhi 011-61606161
Durg 1860-266-6161
Faridabad 011-61606161
Gandhinagar 079-61606161
Ghaziabad 011-61606161
Goa 989-060-3333
Greater Noida 011-61606161
Gurgaon 011-61606161
Guwahati 995-719-3333
Gwalior 0731-6160616
Hyderabad 040-61606161
Indore 0731-6160616
Jabalpur 0731-6160616
Jaipur 0141-6160616
Jalandhar 981-533-1111
Jodhpur 987-500-3333
Kanpur 993-590-3333
Karnal 999-624-3333
Kolhapur 989-060-3333
Kolkata 033-61606161
Kota 987-500-3333
Kozhikode 989-566-3333
Lucknow 0522-6160616
Ludhiana 981-533-1111
Madurai 984-067-3333
Meerut 993-590-3333
Mehsana 079-61606161
Mohali Sas Nagar 981-533-1111
Mumbai 022-61606161
Mussoorie 993-590-3333
Nagpur 989-060-3333
Nashik 989-060-3333
Noida 011-61606161
Noida Extn 011-61606161
Panipat 999-624-3333
Patna 1860-266-6161
Pondicherry 984-067-3333
Pune 022-61606161
Raipur 1860-266-6161
Rajkot 079-61606161
Ranchi 1860-266-6161
Rohtak 999-624-3333
Roorkee 993-590-3333
Salem 984-067-3333
Shimla 999-624-3333
Sonipat 999-624-3333
Surat 079-61606161
Trichy 984-067-3333
Udaipur 987-500-3333
Vadodara 079-61606161
Varanasi 993-590-3333
Vijaywada 994-949-3333
Vizag 994-949-3333

HDFC Bank Business Loan Reviews 4.5/5  by 10 customers
MyLoanCare Service
4.5/5.0
Banks Service
4.5/5.0
Nilesh Agarwal, Pune
Reviewed on 03rd Feb 2020
5 / 5 stars
HDFC Bank Business Loan Availed in Jan 2020

It was a hassle-free process and there were good followups and detailed information about the producRead more...

Ankit patel , Mehsana
Reviewed on 25th Jun 2019
5 / 5 stars
HDFC Bank Business Loan Availed in Jun 2019

Thanks. Good service as I expected. I am very happy.
Read more...

BAJARANG LAL, Delhi
Reviewed on 14th Jun 2019
4.5 / 5 stars
HDFC Bank Business Loan Availed in Jun 2019

It is a good and smooth mechanism established by MyLoanCare.in to connect the Bankers and the CustomRead more...

Kishor Dholakia, Mumbai
Reviewed on 03rd May 2019
4 / 5 stars
HDFC Bank Business Loan Availed in Apr 2019

Prompt service, less documentation and fastest disbursement. Thanks.Read more...

RAJAT MAHESHWARI,
Reviewed on 24th Oct 2018
5 / 5 stars
HDFC Bank Business Loan Availed in Aug 2018

VERY GOOD SERVICES AND SUPPORT STAFF OF MYLOANCARE AND EVEN CO-OPERATIVE AFTER DISBURSEMENT.Read more...

Aditya Pandey, Indore
Reviewed on 30th Jul 2018
5 / 5 stars
HDFC Bank Business Loan Availed in Jul 2018

Conversing and sharing the details with Mr Ankur is excellent. Over all my loan experience with MyloRead more...

hibond petroleum, Rajkot
Reviewed on 16th Mar 2018
5 / 5 stars
HDFC Bank Business Loan Availed in Mar 2018

Experience with Mafi Devi is very good and I am 100% satisfied with Mafi Devi and MyLoanCare workRead more...

Suresh gamare, Mumbai
Reviewed on 05th Apr 2016
4 / 5 stars
HDFC Bank Business Loan Availed in Mar-17

excellent and fast loan proessing with no hidden chargesRead more...

Notification ×
  • Home Loan

    Home Loan starting at 8.00%. Cashback of up to ₹ 1,000.

    Apply Now
  • Personal Loan

    Instant Personal Loan starting at 10.40% with Cashback of up to ₹ 1,000 .

    Check Offers
  • Fixed Deposit

    AAA rated FDs with returns as high as 7.25%.

    Invest Now
  • Savings Account

    Best offers on Savings Account Online with High Returns.

    Open Account
  • Gold Loan

    Instant Gold Loan starting at 9.50% with Cashback of up to ₹ 500.

    Apply Now
  • Loan Against Property

    Best Loan Against Property Offers starting @ 8.75%. Cashback of up to ₹ 1,000*.

    Apply Now
  • Credit Card

    Get amazing offers, discounts and welcome gift vouchers on SBI Credit Cards.

    Apply Now
  • Business Loan

    Collateral Free Business Loan Rates starting at 13.50%. Overdraft facility available.

    Apply Now
HDFC Bank Business Loan News - Mar 2021
  • 2021-02-12 : HDFC Bank leads in Covid-19 scheme loans
    HDFC Bank is leading in disbursements under the Emergency Credit Line Guarantee Scheme. The scheme was introduced by the government as a part of the Covid relief package. It involved a government guarantee for additional loans, up to Rs 3 lakh crore, extended to businesses facing stress due to the Covid pandemic.
  • 2021-01-08 : HDFC Bank posted a double-digit increase in deposits and advances
    HDFC Bank reported a double-digit increase in deposits and advances in the third quarter of the fiscal year. The bank advances which include home, personal, car, two-wheeler, gold and education loan along with business and mudra loans hiked by 16% to Rs 10.82-lakh crore as on December 31, 2020. Further, the bank’s deposits rose by 19% in the third quarter of the fiscal to Rs 12.71-lakh crore. The CASA ratio is reported at around 43% as of December 31, 2020.
  • 2020-11-26 : HDFC Bank, ICCI join hands to support SMEs, start-ups
    Inventivepreneur Chamber of Commerce and Industries or ICCI has signed an MoU with HDFC Bank to support SMEs and start-ups. ICCI will engage, enrol, and bolster various start-ups, SMEs, MSMEs to facilitate inter-alia financial and other facilities to and from HDFC Bank.
  • 2020-11-12 : HDFC Bank launched SmartHub Merchant Solutions 3.0
    HDFC Bank has launched a comprehensive banking and payment solution for merchants, SmartHub Merchant Solutions 3.0. The product offers the facility of instant account opening and merchant setup, applying for a loan like home, personal, car, two-wheeler, and gold loan along with business and mudra loans. In addition to this, it also offers credit cards.
  • 2020-10-07 : HDFC Bank net profit jumps 18.4% to ₹7,513 crores
    HDFC Bank reported an 18.4% increase in its net profit to ₹7,513 crores for the quarter ended in September 2020. The profit in the year-ago period was at ₹6,345 crores. The bank’s total advances were at ₹10.38 lakh crore in Q2 of FY21, an increase of 15.8% over the same period last year. The domestic retail loans which include retail loans like home, personal, car, two-wheeler, gold and education loan grew by 5.3% and domestic wholesale loans including the business and mudra loan grew by 26.5%. Further, total deposits which include FD and RD reported an increase of 20.3% (YoY) to ₹1,325,072 crore. HDFC bank CASA ratio stood at around 42% as of September 202O.
*Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. Read More
Loader
Please wait while your information is being processed...