Business Loan For Self Employed

Collateral-free loan

Get up to Rs 50 lakh (upper limit of Rs 75 lakh in select locations) via HDFC Bank's self-employed Business Growth Loan without having to provide any collateral, security or guarantor. Use the money for your diverse business needs.

Quick approval and disbursal

You can easily check your eligibility for a Business Loan for self-employed either online or at any of our branches. You can also reach us via SMS, PhoneBanking, Webchat or Click2Talk for any loan-related queries or help.

Little or no documentation, hassle-free application

No more elaborate paperwork or standing in long, winding queues at bank branches to get a loan. You only need a few other documents in addition to identity, income and address proofs. Also, nowadays applying for a loan has become much easier with banks providing doorstep services and the online option gaining ground.

Competitive interest rates

As more and more now banks offer Business Loans for self-employed, the interest rates are fairly reasonable in order to attract customers. At HDFC Bank, you can be assured of the best and most attractive interest rates on offer, which may vary with the credit and repayment history of individual borrowers as well as the tenure and purpose of the loan being taken.

Flexible loan tenure

HDFC Bank self-employed Business Loans are available for periods ranging between 12 months to 48 months.

To run a successful business, sufficient funds are a must. Apart from the working capital needs, there may also come a point where one needs a larger sum to carry out business expansion plans or to add new equipment/machinery to one's enterprise. In such times, paucity of funds should not hold you back from executing your plans. With HDFC Bank Business Growth Loan for self-employed, you can say goodbye to your money woes.

Whether you are a professional (doctor, architect, etc.) or a non-professional businessperson (entrepreneur, startup owner, existing business firm owner), our carefully designed self-employed Business Loan is a one-stop answer to all your funding problems. Whether it is to install the required machinery at your factory or to bring in new equipment at your dental clinic, our Business Loan for self-employed is an option available for your financial needs.

FAQs

What is the tenure of a Business Loan for self-employed?

You can get a Business Growth Loan for self-employed with tenures of anywhere between 12 months to 48 months.

Is there any age criterion to apply for an HDFC Bank self-employed Business Loan?

Yes, to be eligible for a Business Growth Loan for self-employed, one must not be at least 21 years old at the time of applying, and should not be over 65 years of age at the time of loan maturity.

Do I need to provide any collateral or hypothecate my assets to avail of a Business Loan for self-employed from HDFC Bank?

No, a Business Growth Loan for self-employed from HDFC Bank is collateral-free. One does not have to hypothecate any assets or provide security to secure such a loan.