Business Loan 

HDBFS Business Loans: Interest Rates | Documents | Eligibility

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HDBFS Business Loans: Do you own a business that is in need of funds for expansion? Or do you have a big business order in hand and require funds for some working capital?

If you can relate to any of the above situations, then a Business Loan is the right solution for you. HDBFS team of dedicated professionals helps you determine your requirements, especially for small businesses; and you can get started within the shortest possible time.

Features & Benefits

  • Loans up to Rs. 10 Lakhs
  • Simple documentation
  • Attractive interest rates
  • No guarantor/security required
  • Special offer for self employed Doctors

Click to Check for Interest Rates of HDBFS Bank

Eligibility & Documentation

Salaried Individuals include Salaried Doctors, CAs, employees of select Public and Private limited companies, Government Sector employees including public sector undertakings:

Eligibility Criteria

  • Minimum age of applicant: 22 years
  • Maximum age of applicant at loan maturity: 58 years (60 years for Central Govt. employees)
  • Minimum employment: Minimum 3 years in employment and minimum 1 year in the current organization
  • Minimum Net Monthly Income: Rs. 7,500 per month (Rs. 10,000 in Mumbai, Delhi & Bangalore )

Documents required:

  • Proof of Identity (Passport / Voters ID card/ Driving Licence/PAN Card)
  • Address Proof (Ration card /Driving Licence/ Voter Id Card/ Utility Bill (any one within last 3months) / Registered Rental Agreement. / Credit Card Statement / Passport )
  • Date of Birth Proof ( Driving Licence / PAN Card / Passport / Birth Certificate / 10th or 12th marksheet bearing date of birth)
  • Bank Statements (latest 3 months bank statement / 6 months bank passbook)
  • Latest 2 months salary slip alongwith latest Form 16 / ITR / Appointment Letter

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

Eligibility Criteria

  • Minimum age of applicant: 22 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 metropolitan locations & Rs. 75,000 p.a. for other locations.

Documents required:

  • Proof of Identity (Passport / Voters ID / Driving Licence/Pan Card)
  • Address Proof (Ration card /Driving Licence/ Voter ID / Utility Bill (any one within last 3months) / Registered Rental Agreement. / Credit Card Statement / Passport / Trade licence /Est./Sales Tax certificate).
  • Date of Birth Proof ( Driving Licence / PAN Card / Passport / Birth Certificate / 10th / 12th marksheet bearing date of birth)
  • Bank Statements (latest 6 months bank statement / 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: 22 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 metropolitan locations & Rs. 75,000 p.a. for other locations.

Documents required:

  • Proof of Identity (Passport / Voters ID / Driving Licence/Pan Card)
  • Address Proof (Ration card /Driving Licence/ Voter Id / Utility Bill (any one within last 3months) / Registered Rental Agreement. / Credit Card Statement / Passport / Trade Licence /Est./Sales Tax certificate).
  • Date of Birth Proof ( Driving Licence / PAN Card / Passport / Birth Certificate / 10th or 12th marksheet bearing date of birth)
  • Bank Statements(latest 6 months bank statement / 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 licence /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

  • Years in business: Minimum 4 years seasoning from commencement of business
  • Business must be profit making for the last 2 years
  • Minimum Annual Income: Rs. 100000/- p.a. for Metro Locations & Rs. 75,000/- p.a. for non-metro locations

Documents required:

  • Address Proof (Utility Bill (any one within last 3months) / Registered Rental Agreement. / Credit Card Statement / Trade licence /Est./Sales Tax certificate).
  • Bank Statements(latest 6 months bank statement /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 licence /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).

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