HDB Business Loan

HDB Financial Services (HDBFS), a subsidiary of HDFC Bank, is one of the top Non-Banking Finance Companies (NBFCs) in the country, providing a range of loan offerings. HDBFS ranks among the best business loan providers. The HDB business loan provides a viable credit solution to self-employed professionals and individuals. Also, this business loan comes with some attractive benefits and unique advantages. This unsecured HDB Finance business loan comes with a high credit limit and flexible repayment tenures. What’s more, the loan application process is easy and doesn’t require cumbersome paperwork. 

Now, irrespective of your need to fund your business - from renovating your office to purchasing the latest machinery, and from meeting your working capital requirements to exploring additional avenues for expansion - you can apply for the HDB business loan on Bajaj Markets. 

• Affordable rates of interest

This HDB loan for business can be availed at affordable rates of interest, starting from 16% onwards. As compared to business loans by other financial institutions, the interest rate is reasonable and competitive. Remember, the applicable rate of interest will depend on factors such as the total loan amount and your individual profile. If you are looking for customised business loans at attractive rates of interest, your search ends here. Apply today for the HDBFS business loan on Bajaj Markets!

• No collateral required

The HDB business loan, available on Bajaj Markets, is essentially an unsecured loan. This means that you don’t need to pledge any collateral. Just fulfil the eligibility conditions, provide the required documents and simply avail of the loan to meet your multiple business requirements. 

• High loan amount

Making an HDB Finance business loan application at the platform of Bajaj Markets can provide you access to funds up to Rs. 20 Lakhs. And a high loan amount can give you the edge to remain a step ahead of your business competitors. 

• Flexible repayment tenures

Once you avail of this loan on Bajaj Markets, you can repay it according to your convenience. This HDB loan for business can be repaid in flexible tenures between 12 months and 60 months. 

• Easy documentation process

The HDB business loan requires basic documentation to establish the identity and income of self-employed individuals/ professionals and business entities. 

• Quick approval and disbursal

Once you have applied for the  HDB Finance business loan, it could be approved in 2 minutes, provided your application details are in order. Post-approval, the loan amount can be disbursed in as few as two days. To receive access to the benefit of speedy disbursal, apply for this loan on Bajaj Markets!

Here’s a step-by-step guide on how to apply for the HDB Finance business loan at the platform of Bajaj Markets:

• Online Form Filling

As the first step for making a business loan application on Bajaj Markets, you have to fill the online loan application form. Here, you are required to provide basic details, including your name, age, income, occupation etc. Do remember to fill the online form yourself with due diligence.

• Specify Business Loan Details

The second step to avail the HDB Business Loan on Bajaj Markets involves specifying the details of your business loan. Select HDB from the list of offers. After that, mention the total loan amount and your preferred repayment tenure. Do remember to read the eligibility conditions carefully and submit/upload the stipulated list of documents. 

• Approval and Disbursal

Once you have submitted the business loan application via Bajaj Markets, you can expect the loan amount to be disbursed within 2 days. An HDBFS representative can inform you about your loan status, or you can use the loan application number to check the loan status yourself. Remember, the HDB loan for business is equipped with the twin features of fast approval and speedy disbursal. 

Eligibility Criteria

• The applicant must be at least 22 years old at the time of application.

• The applicant must not be above 65 years at the time of loan maturity. (Terms and Conditions Apply).

• The minimum annual income of the applicant must be Rs. 1,00,000, if living in a metro city and Rs. 75,000, if living in a non-metro city.

• Minimum business experience of 4 years is required, with at least 2 years in the same business.

Documents Required

• Proof of Identity & Address Proof: Passport / Voters ID / Driving License/PAN Card* of the Proprietorship Firm and Proprietor/Aadhaar Card or Proof of possession of Aadhaar number(on Voluntary basis) /Photo/Driving License/ Voter ID/ Utility Bill (anyone which is not more than two months old of any service provider - electricity, telephone, post-paid mobile phone, piped gas, water bill)/Registered Rental AgreementLetter of allotment of accommodation from employer/ leave and license agreements with employers allotting official accommodation/Registration Certificate.

• Date of Birth Proof: Driving License / Pan Card / Passport Copy / Birth Certificate / 10th / 12th mark sheet bearing date of birth

• Bank Statements: Latest statements / Bank passbook (updated within 90 days)

• Latest ITR along with computation of income, B/S & P&L a/c for the last 2 years certified by a CA

• Proof of continuation:  Trade license /Establishment /Sales Tax certificate

• Other Mandatory Documents - For the Proprietorship Concern any two of the following documents should be obtained(Registration certificate, Certificate/license issued by the municipal authorities under Shop and Establishment Act, Sales and income tax returns, CST/VAT/ GST certificate (provisional/final), Certificate/registration document issued by Sales Tax/Service Tax/Professional Tax authorities, IEC (Importer Exporter Code) issued to the proprietary concern by the office of DGFT/ Licence/certificate of practice issued in the name of the proprietary concern by any professional body incorporated under a statute, Complete Income Tax Return (not just the acknowledgment) in the name of the sole proprietor where the firm's income is reflected, duly authenticated/acknowledged by the Income Tax authorities, Utility bills such as electricity, water, and landline telephone bills.)

Read on to know all about the HDB Finance business loan interest rate and charges. You must keep in mind that an additional GST can be applied on these charges:

Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.