GoCapitalz

HDFC Bank Business Loan Features

Top-Up Loans

Flexible Tenure Options

Flexible Loan Amounts

Customized Loan Solutions

Special Schemes for Women Entrepreneurs:

Here’s a list of requirements that the applicant has to fulfil to get an HDFC Business Loan:

Business Age: The applicant must accept the credit card and other types of credit, have been in business for at least three years, and agree to the provisions stated in the application.
Turnover: The most negligible turnover expected before a loan is granted is ₹40 lakhs.
Profitability: The business must have been profitable in the last year and existed for at least a year.

The applicant must also be a sole proprietorship, partnership firm, private limited company, trust, or limited liability partnership engaged in trading, manufacturing, or service business. The CIBIL score of the business or the applicant should be 700 and above. To be approved as the first applicant, he must not be below 25 but should be 65 at most, especially when repaying the loan.

PAN Card
Passport
Aadhaar Card
Voter's ID Card
Driving License
bank statements
MCI Registration Proof
Business Address Proof
Residence Address Proof
Company Profile
Property Documents
Partnership Deed
MOA and AOA
Cheque for Processing Fee
Income Tax Returns

A non-refundable fee is charged for processing the loan application. This fee is typically a percentage of the loan amount, ranging from 0.99% to 2.50%. If the loan is secured against collateral, an annual fee for maintaining the security of the loan is also applicable. This fee varies based on the type and value of the collateral.

HDFC Bank Business Loan: Why Should One Opt for It?

Among the various lucrative products that HDFC Bank provides different enterprises, the business loan product can meet multiple needs. The loan is feasible for self-employed persons, proprietorships, private limited companies, and partnership firms engaged in manufacturing, trading or service sectors. The essential purpose of the loan is to offer funding to the business house to extend its operation, tackling with working capital or for whatever business exigency it requires.

Benefits Of Choosing HDFC Bank Business Loan

Indeed, HDFC Bank is the best for a business loan. That’s not only about the monetary aspect but also the convenience of the credit-obtaining procedure. One of India’s leading banks in the financial services industry, HDFC Bank offers the option to avail loan amounts, reasonable interest rates and fast loan processing. As such, intended businesses can obtain the capital they need within the shortest time possible. In addition, it glorifies the policy of having the least amount of documents possible from the customers and offering individualized loan products, which was quite evident in HDFC Bank. This means the borrowing process should be easy and a walk in the park. Whether the requirement is to expand a business or meet working capital needs, HDFC Bank’s business loan is a financial help for enterprises. In different ways, it builds confidence in the reliability and support of a solid banking companion.

Loan Amount: The loan amount starts from ₹75000 and goes up to ₹ 75 lakhs; therefore, it serves the purpose of different businesses.
Collateral-Free: There is no need for collateral, a guarantor, or security on the loan, which is beneficial to the business that cannot provide adequate protection for the loan.
Flexible Tenure: The loan can be used for up to 4 years for business needs; however, the loan amount can be repaid within 12 months up to 48 months.
Interest Rates: The interest rates are standard, ranging from 10%. The frequency of people taking licenses, especially doctors and other professional body licensees, is rising to 99% annually.
Digital Application Process: Applying for loans is done online, and there is no paperwork.
Overdraft Facility: HDFC Bank’s overdraft facility is without security and is provided by HDFC Bank to enable efficient cash flow for undertakings.
Credit Protect: The repayment facilities include the Credit Protect feature; the borrowed sum is protected by the principal’s outstanding payments up to the maximum limit of the loan, allowing the business owner to have no concerns for his or her family.

How To Get The HDFC Business Loan From GoCapitalz:

To secure an HDFC Bank business loan through GoCapitalz, visit the website and look for HDFC business loans. Once you've identified the loan, complete an online enquiry form with essential details like your contact information, business specifics, and desired loan amount. Following this, a dedicated loan advisor from GoCapitalz will reach out to discuss your requirements comprehensively and guide you through the application process. Prepare the requisite documentation, including proof of identity, business registration, financial statements, and any other materials HDFC Bank and GoCapitalz requested. With your documents in order, GoCapitalz will assist you in completing the application and submitting it on your behalf to HDFC Bank.

They'll serve as your liaison throughout the process, ensuring effective communication between you and the bank. Once HDFC Bank approves your loan, GoCapitalz will facilitate any assistance you require. With GoCapitalz's expertise and support, accessing an HDFC Bank business loan becomes a streamlined and hassle-free endeavour, empowering you to fuel your business aspirations effectively.

FAQ's

The loan repayment amount, interest rates, the time the loan should be paid, and the repayment period are set when the borrower agrees with HDFC Bank. With GoCapitalz, one can help find the best deals on loan terms with explicit repayment requirements.

The business loan by GoCapitalz covers HDFC Bank business loans for term loans, working capital loans, machinery loans, business expansion loans, etc. These types of loans are available in different forms and can be flexibly designed to fit the needs of an individual business.

Even after GoCapitalz provides the loan, they continue to offer all the necessary support for repayment and any other problems that may be encountered upon signing the loan agreement and throughout the whole period of the loan. They act as the main interface for borrowers, and this means that they must deliver the best services even when finding, underwriting, extending credit, monitoring credit, and recovering credit.

The time taken could also depend on factors like the documentation that customers submit and their credit rating, as well as HDFC Bank's internal procedures. However, GoCapitalz wants to make the process faster and easier by helping the applicant gather the necessary documents for a loan application or by assisting the applicant in communicating with the bank. The funds are often released within 48 to 72 hours, depending on when the loan application was approved.