Business Loan Interest Rates & Fees
Business Loan
Apply NowOur business loan features include loans of up to ₹ 50 lakhs, waiver of collateral or guarantor, and even the benefit of business loan balance transfer.In addition, we offer special benefits on business loans, such as overdraft facility and flexible tenure options.
Enjoy our customer-friendly business loan features, such as eligibility checks in just 60 seconds, and our credit protect plan.
You can reach out to us via SMS, chat or phone banking to know more about the features of our business loans. Or read below to get details on the business loan benefits you can enjoy with HDFC Bank
Enclosed below are HDFC Bank Business Loan Interest Rates & Charges
Senior Citizen Customers are eligible for discount of 10% on all service charges
Charges to avail a Business Loan & BL Dropline Overdraft
Government taxes and other levies as applicable will be charged over and above the Fee and Charges. Loan disbursal at the sole discretion of HDFC Bank Ltd.
| Fee | Charges |
|---|---|
| Rack Interest Rate Range | Minimum 10.75% and maximum 22.50% |
| Loan Processing Charges |
Up to 2.00%* of the loan amount *NIL Processing Fees for loan facility up to ₹5 Lakhs availed by micro and small Enterprises subject to URC submission prior to disbursal |
|
Stamp Duty and other statutory charges |
As per applicable laws of the state |
Charges Post Loan Disbursement
| Fee | Charges |
Premature Closure Charges (Full / Part Repayment) |
Term Loan Upto 24 EMI- 4% of principal outstanding, Post 24-36 EMI - 3% of principal outstanding, >36 EMI- 2% of principal outstanding DOD Facility 0-24 months - 4% of existing operating limit 25-36 months - 3% of existing operating limit, >36 months - 2% of existing operating limit Prepayment charge would be applicable on the principal outstanding amount of the loan and on existing operating limit (for BL DOD), GST and other Govt Taxes and Levies as applicable from time to time, would be charged additionally. In case of BL/SEP, Part prepayment would be allowed post servicing of 1st EMI, up to 25% of Principal Outstanding. It is allowed only once in the financial year and twice during the entire loan tenure. Charges would be applicable as above on the part pre-payment amount. |
| Payment Return Charges | ₹ 450 Per Instance |
| Delayed instalment payment charge | 1.50% per month (18% per annum) plus applicable government taxes on overdue instalment amount Charge to be applied for all accounts where instalment remains unpaid after expiry of grace period of 7 calendar days from due date of instalment. |
| Loan Cancellation & Rebooking Charges | NIL for cancellation of Loan (However client would be charged interest for the interim period between date of loan disbursement and loan cancellation. Processing Fee, Stamp duty, other statutory charges and GST are non-refundable charges and would not be waived/refunded in case of loan cancellation.) Rs. 1000/- for rebooking the loan. |
| Interest applicable on amount utilised over operating limit in DOD/OD | 24 % per annum on the amount utilized above the available credit limit for DOD |
| Non-utilization charges for overdraft facility / Commitment charges | Minimum Utilisation expected: - 30% of limit Non- Utilisation Charges: - 0.10% will be charged on the difference between the actual average utilization and expected average utilization of 30%. Charges to be levied quarterly. Maximum charges levied would be ₹ 5000/- |
| Repayment mode change charges | ₹500 |
| Amortization Schedule Charges | ₹ 50/- per schedule for physical copy. Customer can also download from website free of cost. |
| Legal/Incidental Charges | At actuals |
Rates Offered to Customer during The Period Of 1st Apr 2024 to 30th Jun 2024 Interest type - Fixed
| IRR | Q1(2024-25) |
|---|---|
| Min IRR | 9.30% |
| Max IRR | 21.50% |
| Avg IRR | 16.95% |
Annual Percentage Rate Offered to Customer during of 1st Apr 2024 to 30th Jun 2024
| APR | Q1(2024-25) |
|---|---|
| Min APR | 9.30% |
| Max APR | 21.50% |
| Avg APR | 16.95% |
*Government Taxes and other levies as applicable will be charged over and above the Fees and Charges
Loan at the sole discretion of HDFC Bank Ltd.
Business Loan
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Fulfil Your Every Need
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Transfer Loan Balance with Ease
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Dropline Overdraft Facility
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Quick Eligibility Check & Disbursal