Friends, many people are interested in opening their own business and moving forward in their life. If you are reading this post, then you must also want to start your own business. But friends, nowadays inflation has increased so much that it has become very difficult to save money to start a business. Are you also troubled by this problem? Do you also want to start your own business, but do not have enough money to start the business? If yes, then you have no need to worry. Yes, friends, in today’s post I will tell you how you can start your business by taking a business loan. Friends, in today’s post we will discuss about taking business loan from HDFC Bank. We will know how you can apply for a business loan from HDFC Bank, how much interest will be charged on taking a business loan from HDFC Bank, how long will you get a business loan from HDFC Bank and much more. So, friends, without any delay let us start today’s post.
HDFC Bank Business Loan Eligibility.
These individuals have the facility to apply for business growth loan:
- self-sufficient person
- owner
- Private limited companies and partnership companies which are involved in the business of manufacturing, trading or services.
- The business should have a minimum turnover of Rs 40 lakh.
- Individuals who have been in the current business for the last 3 years and have total business experience of 5 years.
- Whose business has been gaining profit for the last 2 years.
- The business should have a minimum annual income of Rs 1.5 lakh (ITR).
- When applying for a loan, the applicant must be at least 21 years of age, and not more than 65 years of age at the time of closing the loan.
HDFC Bank Business Loan Documents.
The following documents are a must to submit with your business loan application:
1. PAN Card for Company/Firm/Individual
2. As to the identity of the person in any document:
- Aadhar card
- Passport
- eligible identity card
- PAN card
- driving license
3. Any document to prove address:
- Aadhar card
- Passport
- eligible identity card
- driving license
4. Bank statement of last 6 months
5. Latest ITR with calculation of income of last 2 years, financial position and profit and loss account, CA certi form/post audit
6. Stock Continuation Certificate (ITR/Trade License/Establishment/Sales Tax Certificate)
7. Other Mandatory Documents:
- Sole proprietor announced partnership in Delhi
- Attested authentic certificates and documents certified with the Institute and the Institute (certified by the Director) and Board’s resolution (original)
HDFC Bank Business Loan Interest Rate.
| Interest Rate | Loan Tenure | Processing Fee | Prepayment | Foreclosure Charges | NOC | Late Payment Charges |
|---|---|---|---|---|---|---|
| 11.90% – 21.35% | 12 – 60 months | ₹2359 – ₹88500 (less than 2.50%) | No prepayment until 6 EMI payments | 4% (7-24 months), 3% (25-36 months), 2% (more than 36 months) | Zero | 24% per annum |
HDFC Bank Business Loan Customer Care Number.
Friends if you have any questions about your HDFC Bank account? Need some help with your credit cards or loans? do not worry! HDFC Bank offers multiple customer service options for you to get the help you need.
Here are the official ways to contact HDFC Bank:
Toll-free helpline numbers (within India):
1800 1600
1800 2600
important point:
- These toll-free numbers are available across India.
- If you are going abroad, you can contact HDFC Bank customer care: +9122 61606160.
- There is a special helpline number for customers with an Amperia account, Diners Black Credit Card, or Infinia Credit Card: +9122 61717606
Stay safe, keep the bank safe!
stay alert! The above phone numbers are only the authorized customer care numbers of HDFC Bank.
Do not use any other number to avoid the risk of fraud.
Standard call charges may apply depending on your service provider’s plan.
Conclusion.
Friends, in today’s post you can learn about loan from HDFC Bank. How many documents will you need to take a loan from HDFC Bank? Friends, if you liked this post then please share this post and if you have any friend related to this post then you can ask by commenting below. Friends, thank you very much for reading this post so carefully and giving it your precious time.
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