HDFC Bank Business Loan Bangalore

 

HDFC Bank Business Loan Bangalore – Apply & Get Instant Business Loan Online. Check Eligibility, Interest Rates, Documents, Processing Fee, EMI Calculator, Loan Amount, Tenure, Quick Disbursal. 

HDFC BANK BUSINESS LOAN – GET INSTANT LOAN QUOTES ONLINE

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The capital of Karnataka, Bangalore is the third most populous city of India. The estimated economy of the areas in Bangalore ranges from $45 to $83 billion (PPP GDP). The city is the hub of many IT and electronic industries.

HDFC Bank Business Loan in Bangalore is here to take your business to new heights. Bank offers loan amount up to Rs 50 lakh at nominal interest rates.

Let’s go through the details of HDFC Bank Business Loan in Bangalore:

Eligibility Criteria

  • Age: An individual should be at least 21 years old and not more than 65 years old at the time of loan maturity.
  • Business Segment: Self-employed individuals, proprietors, private limited Co. and partnership firms in manufacturing, trading or services sector.
  • Income: The business should have a minimum annual income of Rs 1.5 lakh per annum.
  • Turnover: Minimum business turnover should be Rs 40 lakh.
  • Profit: Business should be making a profit in the previous two years.
  • Business Vintage: The business vintage of 3 years with 5 years of total experience in the business.

HDFC Bank Business Loan Bangalore Rate of Interest

  • HDFC Bank business loan interest rates in Bangalore may vary from 15.65% to 21.20%

Key Features

  • Convenient, professional assistance
  • Flexible loan tenure
  • Quick disbursal
  • Drop line overdraft facility
  • Easy loan balance transfer

Benefits

  • Renovate existing office
  • Enhance production
  • Take up bulk orders
  • Hire seasonal employees
  • Purchase equipment and latest technology
  • Maintain cash flow and inventory
  • Expand your business in Bangalore

HDFC Bank Interest Rates may vary due to:

  • CIBIL Score
  • Loan Amount
  • Business turnover
  • Loan duration
  • Nature of Security offered by Borrower

HDFC Bank Business Loan Bangalore EMI Calculator

The business loan can be repaid through EMI (Equated Monthly Instalments). This EMI calculator will help you to know the exact monthly instalment after you successfully enter the loan amount, duration and interest rate. Knowing the EMI beforehand helps you to plan your monthly expenses accordingly.

Loan Amount
Interest Rate (Reducing) % Per Annum
Loan Tenure (in Months)
 
Monthly EMI
Total Amount with Interest
Flat Interest Rate PA
Flat Interest Rate PM
Total Interest Amount
Yearly Interest Amount

Loan Amount

  • Minimum: Rs 50,000
  • Maximum: Rs 50 Lakh

Security or Collateral Required

Repayment Period

  • 12 to 48 months

Repayment Mode

  • Equal Monthly Instalments (EMIs)/ Post Dated Cheques (PDCs)/ Electronic Clearing System (ECS).

HDFC Bank Business Loan Bangalore Documents Required

  • Identity Proof: Aadhar card/Passport/PAN card/Driving license/Voter’s ID
  • Address Proof: Aadhar card/Passport/Driving license/Voter’s ID
  • Income Proof
  • PAN Card: For Company/Firm/Individual
  • Proof of Continuation: (ITR/Trade license/Establishment/Sales Tax Certificate)
  • Bank Statement: Last 6 months
  • Income Tax Return: Last 2 years
  • CA audited financials
  • Business Ownership Proof
  • Sole Proprietary Declaration/Certified Copy of Partnership Deed
  • Certified true copy of Memorandum & Articles of Association (Director certified) & Board resolution (original)

About HDFC Bank

With 4,804 branches and 12,808 ATMs, HDFC Bank is spread all over India to provide financial services to Indian citizens. Dedicated employees tend to give the customers with all the possible solutions and the hassle-free procedures. Business loans, personal loans, home loans are the most prominent loans which HDFC Bank lends to its customers. Enjoy the experience of smooth banking with HDFC Bank!

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