Business Loan Eligibility Criteria

Business Loan

Check your business loan eligibility criteria online or at an HDFC Bank branch

Our business loan eligibility criteria is applicable for self-employed individuals, proprietors, private limited companies and partnership firms.
Read the details below to know more about our business loan eligibility criteria.

Eligibility

The following people are eligible to apply for a Business Growth Loan:

Self employed individuals, Proprietors, Private Ltd. Co. and Partnership Firms involved in the business of Manufacturing, Trading or Services.
The business should have a minimum turnover of Rs. 40 lakhs
Individuals who have been in the current business for a minimum of 3 years, with 5 years total business experience.
Those whose business has been profit making for the previous 2 years
The business should have a Minimal Annual Income (ITR) of Rs. 1.5 lakhs per annum
The applicant should be at least 21 years at the time of applying for the loan, and should be no older than 65 years at the time of loan maturity

Business Loan

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Quick Eligibility Check & Disbursal

Overview Eligibility Criteria Documentation Rates & Fees

Business Loan Articles

How to get a Business Loan?

One of the many constraints that small and large entrepreneurs face while setting up and expanding a business is the lack of funds. There’s only so much a company can grow with limited funds

How a Business Loan can benefit your business?

Many businesses start off in a small way. An individual running a small eatery may open another one in a few years, and over the course of time be the owner of a large chain of restaurants. Of course, there’s a limit to how much you can expand by using your own funds