Apply HDBFS Business Loan Online
Explore 2017 Interest rates available for HDBFS Business Loan. Check eligibility criteria, documents required and get instant approval.
HDBFS Business loan
If you need funds for your business expansion then HDBFS Business Loan can be your choice. The funds can be utilized to expand business, invest in new equipments, start a new franchisee, and make inventory purchases or to meet any other working capital requirements.
HDBFS Business loan Interest Rate, Charges, Fees and Commissions
The HDBFS business loan interest rates given below will help you plan your investment strategy.
| Application Fee | Upto Rs. 5,000/- per Asset |
| Loan Processing Fee | 2.00% |
| Cheque/ECS bounce charges * | Rs. 750 per bounce |
| Charges for Late Payment of EMI * | 3% per month on overdue EMI amount |
| PDC/ECS Swap Charges * | Rs. 750 per swap |
| Statement of Account Charges | Rs. 500 |
| Document Retrieval Charges | Rs. 750 |
| Copy of Property/Security Papers | Rs. 750 |
| NOC Revalidation Charges | NA |
| Additional Repayment Schedule | Rs. 1,000 |
| Copy of Sanction Letter | Rs. 750 |
| Loan Cancellation Charges | Rs. 10,000 |
| CERSAI Fees | Rs. 100 per property |
HDBFS Business loan Eligibility
It is better to ensure that you meet the HDFS Business Loan Eligibility criteria before you apply for the loan
- Minimum 2 years of work experience
- Business should be continued from 2 years
- Minimum age of 21 years is required.
- Maximum age during loan completion should be 60 years
- Minimum take home income of Rs.25000/- per month
HDBFS Business loan Documents
The requisite HDBFS Business loan Documents for processing the loan are given below:
- For Salaried - latest 3 years Pay slip, 6 monthsâ Salary account bank statement &, Latest year Form 16.
- For Self-employed - Latest 2 years ITR, P & L account Sheet, Balance Sheet, Schedules to Balance Sheet & Tax Audit report & 6 months Company primary Current account statement
- Details of the other installments (EMIs) you are currently paying
- Pan Card
- Secondary ID Proof (DL, Adhaar card, Voter's ID)
- Passport size photo
- Proof of Employment/Business Continuity
- In case of HL/LAP, Property Documents are required.
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