HDFC Business Loan starts with an interest rate of 11.90% per annum with a loan amount up to Rs. 50 lakhs. Every business faces a problem of funding at some point in time, HDFC can support you in that time by facilitating business loans without any collateral.
Table of Contents
Features and Benefits
Get a loan up to Rs. 40 lakhs and Rs. 50 lakhs for selected areas.
You can get a loan without any collateral, guarantor, or security.
Interest rates start at 11.90% pa and go up to 21.35% pa.
Balance transfer facility also available.
You can use the amount of the loan to expand your business, in day-to-day expenses, buy inventory, and more.
You have the option to apply for a loan online or offline.
The repayment tenure is ranging from 12-48 months.
You can contact them via SMS or chat through the website 24×7.
You will see a box written “Personal Banking Service, What are you Looking For”.
Select ‘loans’ in the first box.
Select ‘Business loans’ in the second box.
Now, Click on apply. A new page will be opened.
Enter your mobile number.
HDFC representative will call you regarding the same.
They will guide you through the further processes.
Offline
Go to your closest HDFC branch with all documents and fill out the application form you get there. And submit the form. Professionals present over there will help you through the loan process.
Balance transfer means ongoing loans with some other banks you can transfer to HDFC to get low-interest rates and better options.
2] What is cheque Bounce charges?
Charges are applied if your cheque bounces. The charges are fir 1st bounce of Rs. 450+taxes. For 2nd bounce Rs. 500+Taxes, For 3rd bounce Rs. 500+Taxes.
