Get business loan up to Rs. 50 Lakhs from HDFC Bank at competitive interest rate starting from 11.90% p.a. Self-employed applicants can get a loan up to Rs. 75 Lakhs. The loan can be repaid in a flexible tenure of 12 to 48 months. A processing fee of up to 2.50% of the sanctioned limit has to be paid to avail the loan.
|Loan amount||Up to Rs. 40 lakhs (Rs. 50 lakhs in select locations)|
|Tenure||12 – 48 months|
|Rate of interest||11.90% – 21.35% p.a.|
|Processing fee||Upto 2.50% of the loan amount, minimum Rs. 1,000 & maximum Rs. 25,000 for salaried customers, and Rs. 75,000 for self employed customers.|
|Prepayment charges||2% – 4% of principal outstanding|
|Minimum business turnover||Rs. 40 Lakhs|
|Age||21 – 65 years|
Here’s what makes HDFC Bank Business Loan different:
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The HDFC Bank Business Loan EMI amount can be computed using the fastmudra EMI Calculator. The Business Loan EMI Calculator lets you set parameters such as the loan amount, tenure, and interest rate to know what your monthly EMI amount comes to. To calculate your EMI for HDFC Bank Business Loan, follow the steps below:
You will get the EMI amount, Total Payable Interest and total loan payment (Principal + Interest).
This calculator provides the loan amortisation schedule as well. It gives you the year-wise breakup of your loan repayments.
Here is an example of EMI calculation using fastmudra EMI Calculator:
Loan amount required: Rs. 40 Lakhs
Applicable rate of interest: 11.90% p.a.
Repayment tenure: 4 years
EMI to be paid by you each month: Rs. 1,05,139
Total interest to be paid: Rs. 10,46,675
Total amount to be paid by you to the lender: Rs. 50,46,675
Our EMI Calculator also provides the following amortization schedule:
Amount Paid by
Interest paid during
Principal paid during
|1||Rs. 40,00,000||Rs. 1,05,139||Rs. 39,667||Rs. 65,472||Rs. 39,34,528|
|2||Rs. 39,34,528||Rs. 12,61,669||Rs. 4,23,469||Rs. 8,38,199||Rs. 30,96,328|
|3||Rs. 30,96,328||Rs. 12,61,669||Rs. 3,18,099||Rs. 9,43,569||Rs. 21,52,759|
|4||Rs. 21,52,759||Rs. 12,61,669||Rs. 1,99,483||Rs. 10,62,185||Rs. 10,90,573|
|5||Rs. 10,90,573||Rs. 11,56,530||Rs. 65,956||Rs. 10,90,573||Rs. 0|
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To avail HDFC Bank Business Loan, applicant should meet following eligibility criteria:
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A business owner can apply for SBI Business Loan in any of the ways suitable for them. There are no hassles involved, whatsoever. You can primarily opt for any of the following methods:
Online Application: If you are looking for quick processing of your SBI business loan, apply online by filling the online application form on their website. Their business loan representative will contact you and assist you with the documentation and further procedure.
You can also apply for the loan online on fastmudra
Call Customer Care: You can request a call back by contacting the SBI customer care on their toll-free number.
Visit the Branch: Alternatively, you can visit the nearest SBI branch and submit the application physically. However, in this digital age, more and more customers are opting for the online route.
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You can contact HDFC Bank Customer Care regarding any loan related query at the following Toll-Free number:
1800 266 4332
You can reach them at their following address:
82, Cyrus Avenue, Khatija Mansion, Dr AnandRao Nair Rd,
HDFC Bank’s virtual assistant ‘EVA’ answers customer question through voice and chat-based channels. In addition to automated customer care and answering FAQs, HDFC Bank’s customer care department is available round-the-clock through the toll-free number, email, Click2Talk, and Onchat messenger service.
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