This loan for trading from HDFC Bank is available for tenures ranging between 12-48 months. The process to apply for the same is also very simple- you can either initiate the process online or visit your nearest bank branch.
This is a very important feature of HDFC Bank’s loan for trading business, as not all traders are able to provide a ready security or collateral to avail of a loan. Thus, one can deal with any urgent financial need in business with a loan for trading.
You can also make the most of our best offers, competitive interest rates and lower EMI options on your existing Business Loan for Traders, by transferring the balance amount to HDFC Bank.
With a loan for trading business from HDFC Bank comes an unsecured dropline overdraft facility. You can opt for this, and a limit is set in a separate current account. You only have to pay interest on the amount utilised and not on the total sanctioned limit.
You can get funds worth up to Rs 40 lakh (Rs 50 lakh in select locations) with an HDFC bank MSME trading loan.
In a business or a supply chain, a trader forms a crucial link. To maintain a smooth business operation, traders may need loans. The purpose of a Business Loan for traders may vary- some may need it for their working capital requirements while other retail traders and small business enterprises may need the funds to purchase stocks for further sale. And to assist them with their financial needs, HDFC Bank offers Business Growth Loan for Traders.
This loan for trading from HDFC Bank is a collateral-free finance option that allows traders to continue their business operations without worrying about where to get the money from. Even smaller traders can get an MSME trading loan from HDFC Bank to meet their cash flow requirements.
A loan for trading business is curated to cover a variety of expenses for the growth of your business. HDFC Bank Business Loan offers you a stipulated loan amount without the need to pledge any collateral.
With the HDFC Bank loan for trading, you can avail of funds up to Rs 50 lakh (in select locations). You can check your eligibility in a few simple steps. You can do this either online or by visiting your nearest HDFC Bank branch. Minimal documentation is required, and the application and disbursal processes are seamless and quick.
At HDFC Bank, we bring you convenience at your fingertips. Click here to check your Business Growth Loan status. All you need to do is either enter your name, reference number, date of birth or mobile number. Click on ‘Submit’, and the details of your loan status are displayed on the screen.