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 Growth Loan Interest Rates & Charges
Fee |
Charges |
|---|---|
Rack Interest Rate Range |
Min 11.90% & Max 21.35% |
Loan Processing Charges |
Upto 2.50% of the loan amount subject to a minimum of Rs.1000/- and Maximum of Rs.25,000/- for salaried customers and Rs. 75,000/- for self employed customers as per the board note. |
Prepayment |
No pre-payment permitted until repayment of 6 EMIs |
Pre-payment charges |
07-24 Months - 4% of Principal Outstanding |
Loan Closure Letter |
NIL |
Duplicate Loan Closure Letter |
NIL |
Solvency Certificate |
Not applicable |
Overdue EMI Interest |
2% per month |
Charges for changing from fixed to floating rate (An interest rate that is allowed to move up and down with the rest of the market or along with an index.) of interest |
Not applicable |
Charges for changing from floating to fixed rate (An interest rate that will remain at a predetermined rate for the entire term of the loan.) of interest |
Not applicable |
Stamp Duty & other statutory charges |
As per applicable laws of the state |
Credit assessment charges |
Not applicable |
Non standard repayment charges |
Not applicable |
Cheque swapping charges |
Rs 500/- |
Amortization Schedule charges |
Rs 200/- |
Loan cancellation charges |
NIL (However Inerest would be charged for the interim period between date of loan disbursement and date of loan cancellation and processing fees would be retained) |
Cheque Bounce Charges |
Rs 550/- per cheque bounce |
Rates offered to customer during the period of 1st Oct 20 to 31st Dec 20
IRR |
Q III (2020-21) |
|---|---|
Min IRR |
8.25% |
Max IRR |
20.60% |
Avg IRR |
16.94% |
Annual Percentage Rate offered to customer during the period of 1st Oct 20 to 31st Dec 20
APR |
Q III (2020-21) |
|---|---|
Min APR |
08.19% |
Max APR |
27.16% |
Avg APR |
17.75% |
*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