HDFC Bank Business Loan
HDFC Bank Business loan is designed specifically for completing business requirements. Grow your small or large scale company with business loans from HDFC Bank. Our business loans come with a host of benefits and features to meet your unique business needs. We offer the best business loans in India, with complete transparency and competitive interest rates. Also, our business loans do not require any Security. Apply for a business loan in HDFC Bank to get funds up to 50 lakhs, and enjoy easy documentation and doorstep service.
Business loans are broadly classified into 2 ways:
- Secured business loans
- Unsecured business loans
Secured business loans are provided against land, property, etc. Whereas Unsecured loans are provided without any security.
HDFC Bank business loan Eligibility
- Should be minimum 40 lakhs turnover in a business.
- The applicant of age between 21 to 65 is eligible for taking business Loan.
- Individuals who have been in the current business for a minimum of 3 years, with 5 years total business experience.
- The business should have a Minimal Annual Income (ITR) of Rs. 1.5 lakhs per annum
HDFC Bank Business loan Documents
- Identity proof: Aadhar card, Voter ID card / Driving License / Copy of Passport.
- Address Proof: Passport /Aadhar card/ Ration Card / Rental Agreement.
- Bank Details: Last 6 months bank statements required.
- 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)