The benefits of the HDFC Business Loan are:
✅Avail loan up to ₹50 Lakh (up to ₹75 Lakh at select locations)
✅It provides overdraft facility without any security. The limit is set in a separate current account which reduces monthly till the end of the tenure
✅Check your business loan eligibility online or at any branch in just 60 seconds.
✅You can repay your loan in a tenure of 12 to 48 months.
✅No guarantor or guarantee required
✅Various types of insurance apply to the loan contract
Learn more about the HDFC Business Loan!
This HDFC Business Loan comes with the mission of becoming a facilitator for your business needs. It is not necessary to provide collateral or guarantors to rent it: simply indicate the property in the name of your company. It also has reasonable interest rates and good repayment tenure. The best part: It is not necessary to specify for what purposes the loan will be used.
Why do we recommend the HDFC Business Loan?
There will be many reasons that would lead your business to request a loan: acquiring property, attracting new customers, investing in training or even getting debt relief. However, applying for a loan is not the easiest task and many times various requirements are requested that small companies may not be able to comply with.
In this scenario, HDFC has developed business loans that do not require guarantee, do not require a guarantor, get approved quickly and the documentation is simplified so that all business owners can rely on this support.
Authors’ Opinion
Apart from its business loan offerings, HDFC is renowned as a leading financial institution, offering a diverse range of financial products to meet diverse needs. Apart from business loans, HDFC offers retail loans covering a wide range of needs including education, healthcare and consumer durables, ensuring comprehensive financial assistance to individuals.
Additionally, HDFC offers competitive personal loans, enabling customers to meet their immediate financial needs, be it for travel, wedding expenses or emergencies. For those looking to buy a home, HDFC’s home loan solutions offer attractive interest rates and flexible repayment options, making home ownership more accessible. Additionally, HDFC offers a wide range of credit cards with various benefits such as reward points, cashback and special discounts, catering to different spending habits and lifestyles.
Who can apply for the HDFC Business Loan?
Before you apply, please understand that the HDFC Business Loan is only available to:
✔️Self-employed individuals, proprietors, limited companies and partnership companies engaged in the business of manufacturing, trading or services.
✔️Minimum turnover of business should be Rs 40 lakh
✔️Individuals who have been in the current industry for at least 3 years with a total professional experience of 5 years.
✔️Business earned profit in last 2 years
✔️The minimum annual income (ITR) of the business should be Rs. 1.5 lakh per year
✔️The applicant must be at least 21 years of age at the time of applying for the loan and must not be more than 65 years of age at the time of loan maturity.