Businesses with day-to-day manufacturing operations have regular expenses involved. From the cost of raw materials to the purchase or renting of heavy machinery or equipment, the financial needs can be due to any number of reasons. And then there are the ever-rising daily and overhead expenses. These things can weigh down the manufacturing business operations.
To be able to deal with any such need for funding or cash flow issues, you can always opt for a Business Growth Loan for Manufacturers from HDFC Bank. These manufacturing loans can be secured to finance day-to-day operational costs as well as for any one-time bulk expense in a business. The numerous features of such a Business Loan for Manufacturers make these an attractive option that help you deal with any financial burden.
Get up to Rs 40 lakh in manufacturing loans from HDFC Bank, without worrying about any collateral or security. Whether you need the funds for working capital or business expansion, manufacturing Business Loans are your go-to solution.
You can repay the loan amount and interest via pre-decided EMIs, over a tenure ranging between 12 months to 48 months.
HDFC Bank Business Loans for Manufacturers come with an unsecured dropline overdraft facility of up to Rs 5 lakh to Rs 15 lakh (subject to terms and conditions). The limit is set in a separate current account, and it reduces every month until the end of the loan tenure. Customers have to pay interest only on the amount that is utilized and not on the total sanctioned withdrawal limit.
If you wish to avail of a manufacturing Business Loan from HDFC Bank, you can check your eligibility online or at the bank branch in less than a minute. The factors taken into consideration during the loan approval and disbursal are your loan repayment history, credit score as well as the relationship with the bank, over and above your basic eligibility
Customers can get up to Rs 40 lakh (Rs 50 lakh in select locations) under Business Growth Loans to manufacturers from HDFC Bank.
HDFC Bank manufacturing loans are available for tenures of 12-48 months.
When a bank evaluates a loan application/request from a borrower, one of the things it takes into account is the applicant’s loan repayment track record and credit/CIBIL score. Having a good credit score helps you secure a manufacturing Business Loan with greater ease.