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HDFC Business Loan Interest Rate Calculator - Mar 2017

Last Updated 08th Mar 2017

HDFC Bank Business Loan Interest Rates

Self Employed
Interest Rate 15.50% - 18.30%
Lowest EMI Rs. 2,808 per lakh
Tenure From 12 months to 48 months
Loan Amount Min Rs. 50,000 and Max Rs. 5,000,000
Processing Fee 2.5% Min Rs. 1,000 Max Rs. 75,000
Part Prepayment, Charges Not allowed
Early Foreclosure, Charges Allowed after 12 EMI's, Prepayment charges vary by year: 2nd year - 4%; 3rd year - 3%, after 3 years - 2%
Apply Business Loan @ 13.50%*
Rs.
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+91

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 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 12 EMI’s with prepayment charges

Processing Fee- HDFC Bank asks for a processing fee of 2.5% Min Rs. 1,000 Max Rs. 75,000 of loan amount with applicable service tax

HDFC Business Loan EMI Calculator

HDFC Bank 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 2,808 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 48 months business loan from HDFC Bank at interest rate of 15.50% per annum, EMI will be Rs. 2,808 per Rs. one lakh loan amount. At interest rate of 18.30% for the same loan, the EMI will be Rs. 2,953
  • Loan tenure: Longer the loan tenure, lesser your monthly EMI. At interest rate of 15.50% per annum, the EMI on HDFC Bank business loan would range from Rs. 9,049 to Rs. 2,808 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 15.50% for 48 months would be 1,404. Similarly for amount borrowed 5,000,000, the EMI at 15.50% for 48 months would be 140,424.

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

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

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