HDFC Bank was incorporated in the year 1994. It is the fifth largest bank in India by assets size. HDFC Bank has won the trust of its customers over the years and has become a market leader in unsecured loans in India. You can enjoy the benefits of an Unsecured Loan from HDFC Bank – Faster processing, competitive pricing, transparency.
Learn more about the eligibility and documentation for HDFC bank unsecured loans.

Features of HDFC bank Unsecured Business Loans

Higher Loan Amount

  • Avail of a loan up to Rs. 50 lakhs (in select locations) without any guarantor or security, to fulfill your business needs, ranging from business expansion and working capital to your child’s education or a home/office renovation.
  • Easy Balance Transfer Facility
  • Transfer your existing high-cost Business Loan to HDFC Bank for lower EMIs, and enjoy interest rates as low as 15.75% on the existing loan transfer with processing fee as low as 0.99%

Dropline Overdraft Facility
HDFC bank provides an overdraft facility without any collateral. The credit limit is set in a separate Current account which drops monthly till the end of the tenure. Interest is payable only on the amount utilized.

  • Dropline Overdraft Facility up to Rs.5 Lac – 15 Lac
  • No Guarantor / Security required.
  • Tenure in the range of 12-48 months.
  • Attractive Rate of Interest
  • No Foreclosure / part-prepayment shall be permitted during the first 6 months of the limit setting.

Eligibility Criteria

Following category of borrowers can apply for HDFC Bank Business Loan:

  • Self-employed individuals, Proprietors, Private Ltd. Co. and Partnership Firms involved in the business of Manufacturing, Trading or Services.
  • Minimum turnover of business should be of Rs. 40 lakhs
  • The minimum vintage of business should be of 3 years, with 5 years of total business experience.
  • The business should be profit making for the previous 2 years
  • The business should have filed a minimum annual Income Tax Return(ITR) of Rs. 1.5 lakhs p.a.
  • The business owner should be at least 21 years at the time of applying for the loan, and should not be older than 65 years at the time of loan termination


The following documents are required at the time of applying for HDFC Bank Business Loan

  • PAN Card – For Company/Firm/Individual
  • A copy of any of the following documents as identity proof:
  • Aadhaar Card
  • Passport
  • Voter’s ID Card
  • PAN Card
  • Driving License

A copy of any of the following documents as address proof:

  • Aadhaar Card
  • Passport
  • Voter’s ID Card
  • Driving License
  • Bank statement of last 6 months
  • Latest ITR along with computation of income
  • Balance Sheet and Profit & Loss account for the last 2 years, being CA Certified/Audited
  • Proof of business continuity (ITR/Trade license/Establishment/Sales Tax Certificate)
  • Other Mandatory Documents [Sole Prop. Declaration Or Certified Copy of Partnership Deed, Certified true copy of Memorandum & Articles of Association (certified by Director) & Board resolution (Original)]

Interest Rates and Fees

Following are the HDFC Bank Business Loan Interest Rates & Charges

Fee Charges
Rack Interest Rate Range 15.50% to 18.30%
Loan Processing Charges Up to 2.50% of the loan amount subject to a minimum of Rs. 1,000/- & Maximum of Rs. 75000/-
Prepayment No pre-payment permitted until repayment of 6 EMIs
Pre-payment charges 07-24 Months – 4% of Principal Outstanding
25-36 Months – 3% of Principal Outstanding
>36 Months – 2% of Principal Outstanding
No Due Certificate / No Objection Certificate (NOC) NIL
Duplicate no due certificate / NOC NIL
Solvency Certificate Not applicable
Charges for late payment of EMI 2% per month on EMI / Principal overdue subject to the a minimum amount of Rs. 200/-
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
Legal / incidental charges At actual


Are there any benefits of having a Current/Saving Account with HDFC Bank for my Business loan?
Yes, you get lower Processing Fee, faster processing, and simpler documentation if you have a Current/Saving Account with HDFC Bank. This is considered at the time of disbursement of your loan. You can pay your HDFC Bank Loan EMIs through Standing Instructions to debit your HDFC Bank Account.

How much Business Loan Can I get?
You can avail of a loan in the range of Rs 50,000 to Rs 50,00,000 depending upon your income, repayment capacity and your business location(city)

How do I repay my HDFC Bank Business Loan?
You can repay the loan in equal monthly installments (EMIs). The repayment will be through Electronic Clearing System (ECS ) or a standing instruction to debit your HDFC Bank account.

Is there any security required to obtain a Business loan from HDFC bank?
To get a business loan from HDFC Bank, there is no need for any security/collateral or guarantor.

For how long can I avail a Business Loan?
You can repay your HDFC Bank Business loan over a period of 12 to 48 months

How long will it take for me to get a Business Loan?
Once you submit your complete application form along with supporting documents, you shall get disbursement within 5 working days provided everything is in order. All loan approvals are at the sole discretion of HDFC bank.

Can I prepay the HDFC bank Business Loan?
Yes, you can choose to prepay your loan anytime after 6 months of taking the loan along with applicable foreclosure charges.(Min. 6 EMIs have to be paid)