Business Loans By HDB Financial Services

FEATURES & BENEFITS Of HDB Financial Services

  • Loans up to Rs. 30 Lakhs
  • Tenor ranging from 12 to 60 months
  • No guarantor/security required
  • Convenience of doorstep service
  • Attractive Rate of Interest
  • Minimum/Hassle free Documentation
  • Special offer for self employed Doctors

 

ELIGIBILITY & DOCUMENTATION For  HDB Financial Services

Self employed (Professionals) include self - employed Doctors, Chartered Accountants, Architects, and Company Secretaries.

 

Eligibility Criteria

  • Minimum age of applicant: 22 years
  • Maximum age of applicant at loan maturity: 65 years
  • Years in business : Minimum 3 years
  • Minimum Annual Income: Rs. 1, 00,000 p.a. for Metro locations & Rs. 75,000 p.a. for other locations.

 

Documents required:

  • Proof of Identity: Passport / Voters ID / Driving License/PAN Card/Aadhar Card/ Photo Ration Card
  • Address Proof: Ration card /Driving License/ Voter ID/ Utility Bill (anyone within last 3 months) / Registered Rental Agreement / Passport
  • Date of Birth Proof: Driving License / Pan Card / Passport Copy / Birth Certificate / 10th / 12th mark sheet bearing date of birth
  • Bank Statements : Latest 3 Months bank statements / 6 months bank passbook
  • Latest ITR along with computation of income, B/S & P&L a/c for the last 2 yrs. certified by a CA

 

Self Employed (Individuals) include self-employed - Sole proprietors, Partners & Directors in the Business of Manufacturing, Trading or Services.

 

Eligibility Criteria

  • Minimum age of Applicant: 21 years
  • Maximum age of Applicant at loan maturity: 65 years
  • Years in business: Minimum 4 years with atleast 2 years in the same Business
  • Minimum Annual Income: Rs. 1, 00,000/- p.a. for Metro locations & Rs. 75,000 p.a. for Non-Metro locations.

 

Documents required:

  • Proof of Identity: Passport / Voters ID / Driving License/PAN Card/Aadhar Card /Photo Ration Card
  • Address Proof: Ration card /Driving License/ Voter ID/ Utility Bill (anyone within last 3 months) / Registered Rental Agreement / Passport
  • Date of Birth Proof: Driving License / Pan Card / Passport Copy / Birth Certificate / 10th / 12th mark sheet bearing date of birth
  • Bank Statements: Latest 3 Months bank statements / 6 months bank passbook
  • Latest ITR along with computation of income, B/S & P&L a/c for the last 2 yrs. certified by a CA
  • Proof of continuation:  Trade license /Establishment /Sales Tax certificate
  • Other Mandatory Documents (Sole Prop. Decl. Or Cert. Copy of Partnership Deed, Cert. Copy of MOA, AOA & Board resolution.)

 

Self Employed (Pvt Cos and Partnership Firms) include Private Companies and Partnership firms in the Business of Manufacturing, Trading or Services

 

Eligibility Criteria

  • Minimum age of Applicant: 22 years
  • Maximum age of Applicant at loan maturity: 65 years
  • Years in business: Minimum 4 years with minimum 2 years in the same Business
  • Minimum Annual Income: Rs. 100000/- p.a. for Metro Locations & Rs. 75,000/- p.a. for non-metro locations.
  • Business must be profit making for the last 2 years

Documents required:

  • Proof of Identity: Passport / Voters ID / Driving License/PAN Card/Aadhar Card / Photo Ration Card
  • Address Proof: Ration card /Driving License/ Voter ID/ Utility Bill (anyone within last 3 months) / Registered Rental Agreement / Passport
  • Date of Birth Proof:  Driving License / Pan Card / Passport Copy / Birth Certificate / 10th / 12th mark sheet bearing date of birth
  • Bank Statements: Latest 3 Months bank statements / 6 months bank passbook
  • Latest ITR along with computation of income, B/S & P&L a/c for the last 2 yrs. certified by a CA
  • Proof of continuation: Trade license /Establishment /Sales Tax certificate/ SSI Registration
  • Other Mandatory Documents (Sole Prop. Decl. Or Cert. Copy of Partnership Deed, Certified true copy of Memorandum & Articles of Association (Certified by Director) & Board resolution (Original).)

APPLICATION PROCESS For HDB Financial Services

It just takes a few simple steps to get a loan from us. Apply today and manage your finances easily.

HDB Financial Services Limited is a subsidiary company of HDFC Bank.

The Housing Development Finance Corporation Limited (HDFC) was amongst the first to receive an 'in principle' approval from the Reserve Bank of India (RBI) to set up a bank in the private sector, as part of the RBI's liberalisation of the Indian Banking Industry in 1994. The bank was incorporated in August 1994 in the name of 'HDFC Bank Limited', with its registered office in Mumbai, India. HDFC Bank commenced operations as a Scheduled Commercial Bank in January 1995.

Whether it is business expansion or a working capital requirement, money for your children's school admissions, daughter's wedding or a dream vacation – our range of loans can help you fulfil your needs and dreams alike.

We, at HDBFS, have dedicated professionals who work for you and appraise your exact requirements. Our efforts are directed towards understanding your requirements, and structuring loan solutions accordingly.

Get totally unsecured loan of 20 times of your net profit with the help of our team of Chartered Accountants.

Only requirement: 3 years ITR and turnover of 1 cr+. No collateral required.

Repayment Period: 1-5 years

Interested? Call us at +91-9911050333 or fill the form on the right

 

What is Business Loan?

Business loans, as the name suggests, are specifically intended for business purposes. Be it a startup or an established business, business loans offer a financial solution to problems faced by the firm and fills the cash flow gap. Be it for meeting day-to-day expenses, expansion of infrastructure or even product development, business loans play a huge role in setting the financial foundation strong for a business.

Characteristic of Business Loan

  • Businesses with bad credit can also apply but will have to provide proof that repayments can be done without delay.
  • Application fees are either non-applicable or minimal
  • The payment schedules are extendable with a nominal extra interest rate being applied
  • Extended lines of credit made available

Eligibility Criteria for Business Loan

  • Minimum 25 years of age and maximum 65
  • The business should have been in profit for atleast 3 years
  • A minimum turnover of 40 Lakhs for proprietorship, partnership firm and Pvt Ltd companies.
  • Income Tax return should be a minimum of 3 Lakhs
  • Net worth should be positive.
Who all can avail business loans?
  • Self Employed Individuals/Professionals
  • Sole Proprietorship Firms
  • Partnership Firms
  • Private Limited Companies

What documents are needed when applying for a business loan?

  • Identity Proof
  • Address Proof
  • Bank Statement for past 6 months
  • 3 years Income Tax Return with Balance Sheet, P&L and Audit Report

What are the tenure options available?

A minimum of 1 year to a maximum of 5 years.

Can I make part-prepayment?

Yes. Part pre-payment can be done with a minimum amount of Rs.50,000/- after 6 months from the date of disbursement of the loan. This can be made only once in a financial year.

Can I pre-pay my whole loan?

Yes. That is also possible, but after repaying a minimum of 6 EMIs. Pre-payment of loans will be charged as per the bank’s discretion.

How can I repay the loan?

The loan can be repaid through post-dated cheques or Electronic Clearing System.

Interested? Please leave your details and we will contact you soon