HDB Finance Business Loan

HDB Finance is a subsidiary of the HDFC Bank. It caters to the varied financial requirements with a need to facilitate the important proceedings of the applicant.

Right from working capital requirement of your business to venturing into lucrative financial avenues, business loans helps create the much needed development in your business. Business Loan helps in dealing with the day to day working capital requirements. At Loanstreet, you can apply for BUSINESS LOAN online and get a prompt approval with assured satisfaction.

Minimum Threshold For HDB Business Loan Eligibility
  1. At least 24 years of age.
  2. Salaried/ Self-employed with regular source of income.
  3. Less than 65 years of age.
Documentation Required For Application Of HDB Business Loan

Generally all lenders follow same guidelines for collecting elementary documents. However there may be little variation with subject to specific requirements. Below listed are the documents that is required to process the loan faster. Self-Attested copies of Documents are solicited.

  1. The Signed application form duly filled with photograph
  2. ID/ Age Proof - PAN Card/ Passport/ Aadhar Card and Residence Proof – Passport/ Utility bills/ Bank Statements.
  3. Cheque of Processing Fee
Self employed Individual/ Proprietorship
  1. Proof of Business- Shop and Establishment Certificate/Vat Registration Certificate/ Service Tax Certificate
  2. Last 3 years IT tax returns with profit and loss account and balance sheet duly audited by CA
  3. Latest 12 months bank statement- Savings Account and Current Account
  4. Existing Loans’ Sanction letters accompanied with repayment track
  5. Business profile on the letterhead of the company
Partnership Firm/ Partnership LLP
  1. Age proof of all the partners in the form of PAN Card, Passport or Adhar Card
  2. PAN Card of the company
  3. Residence proof of all the partners –Utility Bills/ Passport/Bank statement/ Registered rent agreement
  4. Proof of Business- Shop and Establishment Certificate/Vat Registration Certificate/ Service Tax Certificate
  5. Latest 3 years Income Tax returns with profit and loss and balance sheet duly audited by CA.
  6. Latest 12 months bank statement of the Company and of the Partners’ Savings Bank Account
  7. Partnership deed
  8. Existing Loans’ Sanction letters accompanied with repayment track
  9. Business profile on the letterhead of the company
Private Limited / Limited Company
  • Application form duly filled with photographs of directors.
  • Age Proof of Directors- PAN Card, Aadhar Card, passport
  • Residence Proof of Directors- Utility Bills/ Passport/Bank statement/ Registered rent agreement
  • PAN Card of Company
  • Education Qualification- A professional qualification certificate in case of Doctors/CA/Architects
  • Proof of Business- Shop and Establishment Certificate/Vat Registration Certificate/ Service Tax Certificate
  • MOA, AOA, List Of Directors, Share Holding Pattern of the Company
  • Last 3 years IT returns with Profit and Loss account and balance sheet duly audited by CA.
  • Latest 12 months bank statement of Company of all current accounts and the same for Director’s Savings Bank Account
  • Existing Loans’ sanction letter with repayment track of company and Individual Directors
  • Business Profile on the Letter Head of the Company
HDB Finance Personal Loan Interest Rates
Rate of Interest 18 % to 22 %
Loan Tenure 1 year to 5 years
Processing Fees 1% of the loan amount + Service tax as applicable
Foreclosure charges 2% - 3 % of the loan amount + Service tax as applicable
Unique Features of HDB Business Loan
  • Maximum amount of loan an applicant can avail is Rs 10 Lakhs.
  • Attractive rate of interest.
  • A prompt and complete hassle free loan approval facilitating faster processing.
  • Flexible repayment option.
  • Self-employed doctors get special offers.
  • Minimal documentation
  • No guarantor or security is required to avail this type of loan.