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
Senior Citizen Customers are eligible for discount of 10% on all service charges
| Fee | Charges |
|---|---|
| Rack Interest Rate Range | Minimum 10.00% and maximum 22.50% |
| Loan Processing Charges | Up to 2.00%* of the loan amount NIL Processing Fees for loan facility up to ₹5 Lakhs availed by micro and small Enterprises subject to URC submission prior to disbursal |
| Premature Closure Charges (For Full Payment) | Premature closure Charges (applicable on principal outstanding) post Cooling Period off / look-up Period.
|
| Premature Closure Charges (For Part payment) | Partial Premature closure charges (applicable on part payment amount) :-
Partial premature payment is allowed up to 25% of Principal Outstanding, only once in the financial year and twice during the loan tenure. |
| NIL Premature Closure Charges for Fixed rate loan facility up to ₹ 50 Lakh availed by Micro & Small Enterprises, Closure from Own Source, and submission of Udyam Registration Certificate prior to disbursal. | |
| Loan Closure Letter | NIL |
| Duplicate Loan Closure Letter | NIL |
| Solvency Certificate | Not applicable |
| Delayed instalment payment charge | 18% p.a plus applicable government taxes on overdue instalment amount |
| 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 and other statutory charges | As per applicable laws of the state |
| Credit assessment charges | Not applicable |
| Non standard repayment charges | Not applicable |
| Repayment mode change charges | ₹500 |
| Amortization Schedule Charges Repayment Schedule Charges Payment Return Charges |
₹ 50 per instance ₹ 450 Per Instance |
| Legal/Incidental Charges | At actuals |
| Loan cancellation Charges & Rebooking Charges | Loan cancellation Charges: Loan cancellation is allowed within cooling off/look-up period from the loan disbursement date. In the event of loan cancellation, interest charged from date of disbursement till the date of loan cancellation will be borne by the customer. Processing Fee, Stamp duty, other statutory charges and GST are non-refundable charges and would not be waived/refunded in case of loan cancellation. Rebooking Charges :- ₹ 1000/- + applicable government taxes |
Charges Post Loan Disbursement
| Fee | Charges |
|---|---|
| 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 |
| Repayment mode change charges | Rs 500/- |
| Amortization Schedule Charges / Repayment Schedule Charges | Rs 50/- Per Instance |
| Payment Return Charges | ₹ 450 Per Instance |
| Legal/Incidental Charges | At actuals |
| Loan cancellation Charges & Rebooking Charges | Loan cancellation Charges: Loan cancellation is allowed within cooling off/look-up period from the loan disbursement date. In the event of loan cancellation, interest charged from date of disbursement till the date of loan cancellation will be borne by the customer. Processing Fee, Stamp duty, other statutory charges and GST are non-refundable charges and would not be waived/refunded in case of loan cancellation. Rebooking Charges :- ₹ 1000/- + applicable government taxes |
Rates offered to customer during the period of 1st Oct 2023 to 31st Dec 2023
| IRR | Q3 (2023-24) |
|---|---|
| Min IRR | 9.40% |
| Max IRR | 20.76% |
| Avg IRR | 16.76% |
Annual Percentage Rate offered to customer during the period of 1st Oct 2023 to 31st Dec 2023
| APR | Q3 (2023-24) |
|---|---|
| Min APR | 9.40% |
| Max APR | 20.76% |
| Avg APR | 16.76% |
*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