HDFC Business Loan Interest Rate Calculator - Jan 2017

HDFC Bank Business Loan Interest Rates

Last Updated 22nd Nov 2016
Self Employed
Interest Rate 16.25% - 19.75%
Lowest EMI Rs. 3,528 per lakh
Tenure From 12 months to 36 months
Loan Amount Min Rs. 500,000 and Max Rs. 1,500,000
Processing Fee 2.5% Min Rs. 1,000 Max Rs. 75000
Part Prepayment, Charges Not allowed
Early Foreclosure, Charges Allowed after 6 EMI's, Prepayment charges vary by year: 2nd year - 4%; 3rd year - 3%, after 3 years - 2%
Apply Business Loan Online @13.50%*

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HDFC Bank Business Loan

HDFC Bank gives the facility of business loan to the people who need finance to expand their business. There are some benefits of taking business loan from HDFC Bank:
  • You can prepay part of your loan anytime after paying 1% prepayment charges
  • You can foreclose your entire Business loan anytime after paying the forclosure charges
  • HDFC Bank has been rated 3.8/5.0 by customers for its service quality on MyLoanCare
  • HDFC Bank has over 4,972 branches in India where you can avail service

Business Loan HDFC

Business loan interest rates offered by HDFC Bank are fixed as well as floating
  • Fixed rates allow you to borrow loan at a fixed price which won’t change in the whole tenure in case of change in HDFC Bank benchmark rate and should be chosen only if you believe that the rates will not hike in future
  • In contrast to this are floating rates which changes with a single change in HDFC Bank benchmark rate in your loan tenure. You should go for floating rates if you can take the risk of hike in interest rates
HDFC Bank Business Loan Interest Rate depends upon
  • 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
  • CIBIL Score: HDFC Bank offers business loan at higher interest rate if your CIBIL score is poor or vice versa
  • Monthly Revenue: HDFC Bank will avail you business loan at lower interest rate if you have higher monthly revenue
  • Time in Business: HDFC Bank offers business loan at lower rates if you are doing business since long time

Business Loan Charges

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 business loan after paying 6 EMI’s with prepayment charges
Processing Fee- HDFC Bank asks for a processing fee of 2.5% Min Rs. 1,000 Max Rs. 75000 of loan amount with applicable service tax

HDFC Business Loan EMI Calculator

Business Loan EMI is a fixed amount that you pay each month towards the repayment of your business loan till the end of tenure. Lowest EMI offered by HDFC Bank is 3,528 per lakh loan amount. Business loan EMI of HDFC Bank depends on factors like:
  • Interest Rate: Higher the interest rate, higher will be the EMI. For a 36 months business loan from HDFC Bank at interest rate of 16.25% per annum, EMI will be Rs. 3,528 per Rs. one lakh loan amount. At interest rate of 19.75% for the same loan, the EMI will be Rs. 3,704
  • Loan tenure: Longer the loan tenure, lesser your monthly EMI. At interest rate of 16.25% per annum, the EMI on HDFC Bank business loan would range from Rs. 9,085 to Rs. 3,528 for loan tenure ranging from 12 to 36 months
  • Amount Borrowed: HDFC Bank Loan EMI will be high if you apply for a high loan amount. For amount borrowed 500,000, the EMI at 16.25% for 36 months would be 17,640. Similarly for amount borrowed 1,500,000, the EMI at 16.25% for 36 months would be 52,921.

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 maintaining your standard of living
  • You get a rough idea about your monthly EMI and can plan your monthly budget accordingly
Estimated EMI online by using EMI Calculator.

HDFC Business Loan Eligibility Calculator

Business loan eligibility criteria HDFC Bank

Eligibility of Business loan in HDFC Bank relies upon different factors but the most important factor is your ability to repay the loan. The main factors on which the eligibility of an applicant depends are
  • Profitability: Business loan eligibility significantly depends upon profitability status and future prospects of your business. HDFC Bank requires profit for minimum 2 years and minimum business turnover of 40 Lakhs
  • 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. and bank statement for minimum 6 months will be required by HDFC Bank
  • CIBIL Score: When checking eligibility for business loan, 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.
Popular Products:
  • Business Loan for Self Employed Individuals
  • Loan for Business Expansion

Business Loan HDFC documents required

  • Address proof of individual: Aadhar Card, Voter’s ID Card, Bank statement, registry copy, rent agreement , utility bills.
  • Identity proof of individual: Passport, Driving License, PAN Card, Aadhar 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
  • Bank statement of last 6 months

Compare HDFC Business Loan

HDFC Business Loan in India

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 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,
Sonepat 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 Business Loan News - Jan 2017
06th Jul 16 HDFC Bank aims to double SME Book in four years
HDFC Bank is targeting to double SME loan portfolio over the next four years by using digital technology and deepening its network to more non metro areas. At present, the bank has a relationship with 1 lakh of the 3.6 crore SMEs in the country and wants to increase its share by expanding into newer geographies. The share of non metro areas has gradually grown to constitute 65 percent of the customers. The bank also launched a digital offering for the SMEs through which the small businesses will be able to do all its banking transactions online.
01st Jul 16 HDFC Bank launches digital banking services for SME clients
HDFC Bank has launched digital banking services for its small and medium enterprises (SME) clientele. It will allow clients to access the complete range of services instantly and anytime through their desktop, laptop, tablet or mobile. HDFC Bank provides banking services to about 100,000 SMEs across India. With this launch, SMEs will be able to get swifter approval of loans, letter of credit, bank guarantees. HDFC Bank has also launched a mobile app called Chillr, which allowed customers to transfer funds instantly to any contact in their phone book.
21st Jun 16 HDFC Bank launches digital bank for SME customers
HDFC Bank has launched a digital bank for its small and medium enterprises (SME) customers; with this the bank is aiming to grow its market share in the hinterlands. This comes at a time when the bank, traditionally known for its retail offerings, has started focusing on growing its corporate book.
08th Mar 16 Flipkart gets Rs 450 crore loan from HDFC Bank
Flipkart has secured a credit line of over Rs 450 crore from private sector lender HDFC Bank, according to latest documents filed with the Registrar of Companies. The agreement was inked on February 23 through Flipkart India. Flipkart has provided fixed deposits as security to the bank. According to bankers, small and large companies borrow credit from banks for short term operational needs, especially when raising fresh capital may take more time.
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