Whether you are a doctor or any other licensed professional, our XPRESS Business Loan offers you solutions so you can invest in upscaling your profession.
If you are just starting out or looking to scale up, our XPRESS Business Loan offers customised solutions for meeting your cash flow requirements or to stock up on your inventory.
If you own a micro, small or medium enterprise, our XPRESS Business Loan can help you meet all your financial requirements; be it to buy new equipments or maintain your factory/warehouse.
You can get collateral free & customised loan options from ₹75,000 to ₹75 lakh for all your varying business needs.
We provide attractive interest rates for you! XPRESS Business Loan for Doctors starting at 10.99%* p.a.
You no longer have to worry about hours and hours of paperwork to apply for a loan. Here’s a list of digital documents to keep handy when applying for XPRESS Business Loan from HDFC Bank.
Hassle free documentation will be changed to no physical paperwork
• PAN Card
• Identity proof
• Address proof
• Bank statement of previous 6 months
• Latest ITR along with computation of income
• Balance Sheet, CA-certified Profit & Loss account for previous 2 years
• Proof of continuation (ITR/Trade license/Establishment/Sales Tax Certificate)
We offer lower interest rates, flexible loan tenure, quick processing, and a completely digital application process so that you can transfer your loan instantly.
Choose a loan amount suiting your business
Opt for Flexible loan tenure between 12 – 48 months.
Select pre-approved HDFC Bank customers get money in their account within 10 seconds.
Under the Credit Protect plan, the principal outstanding on the loan up to a maximum of the loan amount will be insured. The premium will be deducted from your loan amount at the time of disbursal.
Must have a minimum turnover of ₹40 Lakh
Must be profit-making for previous 2 years
Should have a Minimal Annual Income (ITR) of ₹1.5 Lakh
Your credit score and loan repayment history will also be used to determine your credit worthiness
Yes, you can choose to prepay your loan. However, the same is not allowed, in part or full, until repayment of 1 EMI. Partial premature payment is allowed up to 25% of Principal Outstanding, only once in the financial year and twice during the loan tenure.
And yes, there are charges on prepayment of loan, at the rates given below:
- Up-to 24 EMI repayment - 4% of principal outstanding,
- Post 24 EMIs and up to 36 EMI repayment - 3% of principal outstanding,
- Post 36 EMIs repayment - 2% of principal outstanding
Yes, a loan applicant is liable to bear the stamp duty charges as per applicable laws of the respective states.
No. A Business Loan is an unsecured offering, which means, you do not need to provide a collateral when applying for this loan.
You can get anywhere between ₹75,000 to ₹75 Lakh under a Business Loan from HDFC Bank.
If you opt for a XPRESS Business Loan, you need to repay the borrowed amount and interest via Equated Monthly Instalments (EMIs) distributed over a fixed period or tenure. This EMI amount can be calculated using our EMI calculator, depending on your requirements.
When you apply for an HDFC Bank Business Loan, you can get the required funds instantly. You can get up to ₹75 Lakh at industry best interest rates, along with the benefit of a flexible repayment tenure of up to 4 years.
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