How to get HDFC Bank Business Growth Loan?

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Continue to stay ahead of your rivals and scale your company in a hassle-free setting with HDFC Bank Business Growth Loan. With additional financial assistance from HDFC Bank, you can take it to new heights. We're here to help you at every step of your way because we believe in you. For more details read the guidelines listed below.

Features and benefits of HDFC Bank Business Growth Loan

You can take advantage of customized Business Loan Solutions with HDFC Bank Business Growth Loan. We provide loan solutions that are tailored to your specific business requirements. The following are some of the features of our customized Business Loan Solutions:

¨  Loansfor Self-Employed Professionals: Whether you're a doctor, an architect, or another kind of professional, we have a loan for you. HDFC Bank offers Business Growth Loans to provide you with options for expanding your business by purchasing new equipment or renovating your studio room. Finances that are tailored to your specific requirements.

¨  Non-professional loans for self-employed people: If you're a first-time entrepreneur or a seasoned veteran. Business Growth Loan from HDFC Bank can be tailored to fulfill your cash flow requirements or to help you stock up on inventory.

¨   MSMEs loans: If you own a medium or small business in manufacturing, education, or information technology, you may need funding to stay afloat. Boost your company with the tailored Business Growth Loans that are tailored to your specific needs. New machinery, raw materials, and even factory or warehouse maintenance are all options.

Eligibility criteria of HDFC Bank Business Growth Loan

The following are the eligibility criteria of HDFC Bank Business Growth Loan:

  • Self-employed people, sole proprietors, private limited companies, and partnership firms in the manufacturing, trading, or service industries.
  • The company should have a minimum annual revenue of Rs. 40 lakhs.
  • Individuals with a minimum of 3 years in the current sector and a total of 5 years in the business.
  • Those who have made a profit in their industry for the previous two years
  • A minimum annual income (ITR) of Rs. 1.5 lakhs is required for the company.
  • The borrower must be at least 21 years old at the time of loan application and no more than 65 years old at the time of loan maturity.

Documents required for HDFC Bank Business Growth Loan

The following documents must be submitted with your application for a Business Growth Loan:       

  • PAN Card – Individual/Company/Firm
  • As proof of identity, a copy of any of the following documents:
  • Voter's ID Card Aadhaar Card
  • Passport
  •  Driving License
  • PAN Card
  • As proof of address, a copy of each of the following documents:
  • After being CA Certified/Audited
  • Aadhaar Card
  • Passport
  • Voter's ID Card
  • Driving License
  • Bank statement for the previous 6 months Latest ITR with the calculation of revenue, Balance Sheet, and Profit & Loss account for the previous 2 years
  •  ITR/Trade license/Establishment/Sales Tax Certificate) as proof of continuity
  •  Other Necessary Documents [Sole Proprietorship Declaration or Certified Copy of Partnership Deed, Certified true copy of Memorandum & Articles of Association (certified by Director) & Original Board Resolution]

In the bottom line:

HDFC Bank Business Growth Loan offers loans to both start-up businesses and renovating previous businesses. It can be easy to apply online for a loan application.You can easily check eligibility criteria and interest rates for the loan and easily repay it. For more information, you can apply through Afinoz.com and get other various details for the same. You can also contact the Afinoz customer care department or visit our website.

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