Business Loan
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Business Loan
Every entrepreneur strives for success, but achieving business milestones often requires timely financial support. Whether it’s to expand operations, upgrade machinery, purchase inventory, increase working capital, or stay ahead of the competition, a business loan can help meet these critical needs.
At HDB Financial Services, our tailored MSME and unsecured business loans are designed to support your business growth. We offer funding solutions customized to your specific requirements, ensuring that you receive the right financial support to fuel your progress.
Our small business loans come with:
- Attractive interest rates
- Flexible repayment tenure
- Minimal documentation
- Top-up facility on existing business loans
Enjoy a smooth loan application process and fast disbursal with our unsecured business loans. You can also plan your finances better using our Business Loan EMI Calculator.
Apply for a business loan online with HDB Financial Services and take a step toward achieving your business goals.
Calculate your Loan EMI instantly
Unsecured Business Loan
By availing an unsecured Business Loan from HDB Financial Services, you can enjoy the following features and benefits:
Business Loans up to Rs. 30 Lakh
Whether your business requires short-term, medium-term, or long-term financing, HDB Financial Services offers instant Business Loans of up to Rs. 30 lakh. You can utilize the loan amount for purposes such as infrastructure development, business expansion, equipment or inventory purchases, or boosting working capital.
Attractive Interest Rates
Benefit from competitive, low-interest rates on Business Loans from HDB Financial Services. Our interest rates are customized according to the funding needs of your business and your repayment capacity.
Flexible Repayment Tenure
We offer flexible repayment tenures ranging from 12 to 48 months, ensuring that you can repay your EMIs comfortably without any financial strain.
Hassle Free Documentation Process
Experience a seamless and quick loan application process with minimal documentation requirements. When applying for a Business Loan, simply submit the relevant documents to get started.
Quick Processing and Speedy Disbursal
Our fast loan processing and swift disbursal ensure that you don’t have to wait long to access the funds. Our representative will contact you promptly to inform you about your Business Loan application status.
No Requirement to Submit Collateral
There is no need to submit any collateral or security for our unsecured business loans, allowing you to make the most of the funds without any additional financial burden.
Self-employed (Professionals) Doctors, Chartered Accountants, Architects, and Company Secretaries.
Eligibility Criteria
- Minimum age of applicant: 22 years.
- Maximum age of applicant at loan maturity: 65 years.
- Years in business: Minimum 3 years.
- Minimum Annual Income: ₹ 1,00,000 p.a. for Metro locations & ₹ 75,000/- p.a. for other locations.
Self-employed (Individuals) include self-employed - Sole proprietors, Partners & Directors in the Business of Manufacturing, Trading or Services.
Eligibility Criteria
- Minimum age of Applicant: 21 years.
- Maximum age of Applicant at loan maturity: 65 years.
- Years in business: Minimum 4 years with at least 2 years in the same business.
- Minimum Annual Income: ₹ 1,00,000/- p.a. for Metro locations & ₹ 75,000/- p.a. for non-metro locations.
Self-employed (Pvt Cos and Partnership Firms) include Private Companies and Partnership firms in the Business of Manufacturing, Trading or Services
Eligibility Criteria
- Minimum age of Applicant: 22 years.
- Maximum age of Applicant at loan maturity: 65 years.
- Years in business: Minimum 4 years of business experience, with at least 2 years in the same business.
- Minimum Annual Income: ₹ 1,00,000/- p.a. for Metro Locations & ₹ 75,000/- p.a. for non-metro locations.
- The Business must have been profit-making for the last 2 years.
Self-employed (Professionals) include self - employed Doctors, Chartered Accountants, Architects, and Company Secretaries.
Documents required:
- Proof of Identity & Address Proof: Passport / Voters ID / Driving License/ PAN Card (PAN Card of Entity, Proprietors / Partners / Directors, Security providers and guarantors) / Aadhaar Card or Proof of possession of Aadhaar number (on Voluntary basis) / Photo.
- Address Proof of Entity, Proprietors / Partners / Directors, Security providers and guarantors like Driving License / Voter ID / Any one utility bill (electricity, telephone, post-paid mobile, piped gas, or water) dated within the last two months. Registered Rental Agreement / Letter of allotment of accommodation from employer / Leave and license agreements with employers allotting official accommodation.
- Date of Birth Proof: Driving License / Pan Card / Passport Copy / Birth Certificate / 10th / 12th mark sheet bearing date of birth.
- Bank Statements: Latest statements / Bank passbook for last 6 months.
- Latest ITR along with computation of income, B/S & P&L a/c for the last 2 years certified by a CA along with schedules and Notes to Accounts, Tax audit reports, Statutory Audit report.
Self-employed (Individuals) include self-employed - Sole proprietors, Partners & Directors in the Business of Manufacturing, Trading or Services.
Documents required:
- Proof of Identity& Address Proof: Passport / Voters ID / Driving License / PAN Card / Aadhaar Card or Proof of possession of Aadhaar number (on Voluntary basis) / Photo / Driving License / Voter ID / Utility Bill (anyone (anyone which is not more than two months old of any service provider - electricity, telephone, post-paid mobile phone, piped gas, water bill) / Registered Rental Agreement / Letter of allotment of accommodation from employer / Leave and license agreements with employers allotting official accommodation.
- Date of Birth Proof: Driving License / Pan Card / Passport Copy / Birth Certificate / 10th / 12th mark sheet bearing date of birth.
- Bank Statements: Latest statements / Bank passbook (updated within 90 days).
- Latest ITR along with computation of income, B/S & P&L a/c for the last 2 years certified by a CA.
- Proof of continuation: Trade license / Establishment / Sales Tax certificate.
- Other Mandatory Documents: Sole Prop. Decl. Or Cert. Copy of Partnership Deed, Cert. Copy of MOA, AOA & Board resolution.
Self-employed (Pvt Cos and Partnership Firms) include Private Companies and Partnership firms in the Business of Manufacturing, Trading or Services
Documents required:
- Proof of Identity & Address Proof: Passport / Voters ID / Driving License / PAN Card / Aadhaar Card or Proof of possession of Aadhaar number(on Voluntary basis) / Photo / Driving License / Voter ID / Utility Bill (anyone which is not more than two months old of any service provider - electricity, telephone, post-paid mobile phone, piped gas, water bill) / Registered Rental Agreement / Letter of allotment of accommodation from employer / Leave and license agreements with employers allotting official accommodation.
- Date of Birth Proof: Driving License / Pan Card / Passport Copy / Birth Certificate / 10th / 12th mark sheet bearing date of birth.
- Bank Statements: Latest statements / Bank passbook (updated within 90 days).
- Latest ITR along with computation of income, B/S & P&L a/c for the last 2 years certified by a CA.
- Proof of continuation: Trade license / Establishment / Sales Tax certificate / SSI Registration.
- Other Mandatory Documents: Sole Prop. Decl. Or Cert. Copy of Partnership Deed, Certified true copy of Memorandum & Articles of Association (Certified by Director) & Board resolution (Original).
Take the next step & manage your immediate financial needs now.
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How to Apply for a Business Loan from HDB Financial Services
Our loan application procedure for getting an msme loan online is easy. You can apply from the following options:
- Step 1: Enter your mobile number and verify it by entering the OTP (One-Time Password) sent to your phone.
- Step 2: Provide your occupation and KYC details.
- Step 3: Upload the required documents securely online.
- Step 4: Once Your Business loan application is submitted, a representative will get in touch with you shortly.
- Step 1: Open the app and enter your mobile number
- Step 2: Verify using the OTP received
- Step 3: Tap on ‘Apply for New Loan’ or ‘Pre-Approved Loans’ (if eligible)
- Step 4: Fill in required details – loan amount, purpose, PAN and employment information
- Step 5: Upload KYC documents and income proof (as applicable)
- Step 6: Submit your application for instant processing
2. Apply via ‘HDB OnTheGo’ App
Download the ‘HDB OnTheGo’ app from the Play Store or App Store to experience a seamless personal loan journey.
Enjoy a fully digital and paperless loan experience. Pre-approved users can get loans with minimal documentation and instant disbursal.
3. Visit the Nearest Branch
Prefer face-to-face assistance? Visit your nearest HDB Financial Services branch and speak to our Business loan representative for personalized support.
4. Apply by Phone
Call our customer support team on +91-4442984541 and apply for a Business Loan.
*HDB Financial Services Ltd. may use the services of various agents on its behalf for the purpose of sales and marketing for HDB’s products and services.
Business Loan FAQs
- Self-employed individuals: Including sole proprietors, partners, and directors in businesses engaged in manufacturing, trading, or services.
- Self-employed professionals: Such as doctors, chartered accountants, architects, and company secretaries.
- Partnership firms and private limited companies: Operating in the manufacturing, trading, or services sectors.
- Enhancing or maintaining healthy cash flow.
- Renovating or leasing larger office spaces.
- Replacing or upgrading machinery and equipment.
- Purchasing inventory.
- Meeting other business needs through MSME or SME business loans.
- Instant online business loans up to ₹30 lakh.
- Flexible repayment tenure ranging from 12 to 48 months.
- No requirement for security or collateral.
- Attractive interest rates.
- Minimal and hassle-free documentation process.
You can apply through:
- Online Application: Visit the HDB Financial Services website and follow the application process.
- Mobile App: Use the ‘HDB OnTheGo’ app for a seamless application experience.
- Branch Visit: Visit your nearest HDB Financial Services branch for assistance.
- Customer Support: Call the customer support number +91-4442984541 for guidance.
- 'My Account' Log in on the HDB Financial Services website using your date of birth or PAN number and verify your mobile number with an OTP.
- Mobile App: Use the ‘HDB OnTheGo’ mobile app.
- Email: Write to customer.support@hdbfs.com.
- Branch Visit: Visit the nearest HDB Financial Services branch.
Repayment can be made through:
- Automated Clearing House (ACH): Set up automated payments for convenience.
- Branch Visit: Make payments directly at any HDB Financial Services branch.
- Mobile App: Use the ‘HDB OnTheGo’ app to manage and make payments.
Click here to apply for the best small Business Loan now!
