HDB Finance Business Loan 2025: Interest Rates, Eligibility Criteria, Documents Required
HDB Financial Services offers its applicants customized business loans to meet their business or related needs. Such loans are offered for a tenure of up to 5 years. Apart from the regular HDB business loan, the NBFC also offers HDB loan for doctors and medical practitioners, HDB commercial vehicle loan, HDB tractor loan, HDB enterprise business loan and HDB construction equipment loan.
HDB Business Loan |
|
| interest rate | Up to 8%-26% p.a. |
| Loan Amount | As per the profile of the applicant |
| अवधि | Up to 5 years |
HDB Business Loan Interest Rates
The business loan interest rates are given below as per the loan type in the table:
| Loan Products | Interest Rates (per annum) |
| Commercial Vehicle Loan | Up to 8%-26% p.a. |
| construction equipment loan | Up to 8%-24% p.a. |
| Enterprise Business Loan | Up to 24% |
| Tractor Loan | Up to 9% – 25% p.a. |
Types of HDB Business Loans
HDB Business Loan
1 Purpose: HDB Regular Business Loan is an unsecured business loan offered to MSMEs to meet business and related needs such as improving existing business, purchasing inventory, 2 installing new machinery and meeting working capital requirements, etc. Applicants are not required to submit collateral or security for a small business loan.
3 Loan amount: Up to Rs 30 lakh
4 Tenure: Up to 4 years
HDB Loan for Doctors / Medical Practitioners
Purpose: HDB Doctors Loan, which is a type of unsecured business loan, is offered to doctors for the following purposes:
- To meet the personal and professional needs of doctors and medical practitioners
- To meet their working capital requirements including medicine stock
- For purchasing medical or diagnostic equipment, setting up operation theatres, etc.
- To develop clinic/clinic-cum-residence, nursing home, pathology lab
- To purchase car, ambulance etc.
- To purchase office equipment like computers, AC, furniture, fax etc.
- For expansion/ renovation/ modernization of existing premises/ clinic/ nursing home
HDB Enterprise Business Loan
- Purpose: HDB Enterprise business loans are customized and unsecured loans offered to meet the financial needs of small businesses in the shortest possible time
- Loan amount: Up to Rs 30 lakh
- Tenure: Up to 5 years
HDB Commercial Vehicle Loan
- Purpose: HDB commercial vehicle loans are offered to transport businesses to purchase both new and used vehicles of different types such as tempo, cargo, bus, van, truck and other light and heavy commercial vehicles. HDB Financial Services also offers a top-up on existing commercial vehicle loans. It offers customized loans to meet individual needs.
- Tenure: Up to 5 years
HDB Construction Equipment Loan
- Purpose: HDB construction loans are offered to purchase construction equipment such as JCBs, excavators, dumpers, tippers, transit mixers, self-loading concrete mixers, cranes, wheel loaders, compactors, road rollers, dozers, pavers, drills, crushing plants, and RMC plants. HDB Financial Services also offers business loans to purchase used equipment (through refinance and repurchase). It also offers customized loans to meet a variety of individual needs.
- Duration: Up to 4 years
HDB Tractor Loan
- Purpose: HDB tractor loan is offered to purchase tractors or other related equipment for personal and business purposes. This type of loan can be applied for purchasing new as well as used tractors. Applicants can also apply for an instant tractor loan online.
- Tenure: Up to 5 years
Eligibility Criteria for HDB Business Loan Applicants
For non-working professionals- Doctors, CAs, Architects and CS
- The applicant must be 22 years of age at the time of applying for the loan and 65 years of age at the time of loan maturity
- The applicant’s business should be running for at least 3 years
- The minimum annual income should be Rs 1 lakh per annum for applicants residing in metro cities and Rs 75,000 per annum for applicants residing in other places
For non-salaried individuals – Sole proprietors, partners and directors engaged in the business of manufacturing, trading or service
- The minimum age of the applicant should be 22 years at the time of applying for the loan and 65 years at the time of loan maturity
- The applicant must have at least 4 years of experience in business and must have been running the same business for 2 years
- The minimum annual income should be Rs 1 lakh per annum for applicants living in metro cities and Rs 75,000 per annum for applicants living in other places.
Non-salaried persons (Private companies and partnership firms)
- The minimum age of the applicant should be 22 years at the time of loan application and 65 years at the time of loan maturity
- The applicant must have at least 4 years of experience in business and must have been running the same business for 2 years
- The business should be in profit for the last 2 years
- The minimum annual income should be Rs 1 lakh per annum for applicants living in metro cities and Rs 75,000 per annum for applicants living in other places.
HDB Finance Business Loan 2025: Documents Required
HDB Business Loan/Enterprise Business Loan
Non-Professional:
- Identity Proof – Passport, Voter ID, Driving License, PAN Card, Aadhaar Card or proof of having Aadhaar number, photo
- Address Proof – Address Proof of the entity, proprietor, partner, director, security provider and guarantor such as Driving License, Voter ID, Utility Bill, Registered Rental Agreement, Letter of Allotment of Accommodation from the employer/ company, Leave & License Agreement with the employer/ company allotting official accommodation
- Proof of Date of Birth – PAN Card, Driving License, Passport, Birth Certificate, 10th/12th Marksheet
- Bank statement/ bank passbook for last 6 months
- Latest Income Tax Return with computation of income, schedules and notes to accounts certified by CA along with Balance Sheet and Profit & Loss Account for the last 2 years, Statutory Audit Report, Tax Audit Report
For non-salaried non-professionals (sole proprietors) and private companies/partnership firms (including their partners and directors)
- Identity Proof and Address Proof- Voter ID, Passport, PAN Card, Driving License, Aadhaar Card, Utility Bill, Registered Rental Agreement, Letter of Allotment of Accommodation from Employer/Company, Leave & License Agreement with the Employer/Company allotting official accommodation
- Recent bank statement or bank passbook updated within the last 3 months
- Recent Income Tax Returns with computation of income, Balance Sheet and Profit & Loss Account for the last 2 years certified by CA
- Proof of running business- Trade License/ Establishment/ Sales Tax Certificate
Other necessary documents-
- Sole Proprietor Declaration or Certificate
- Copy of Partnership Agreement
- Certified copy of MOA, AOA and Board resolution
Related Questions (FAQs)
Q. What is the processing fee of HDB business loan?
A: The processing fee applied by HDB Finance depends on the loan amount and repayment term.
Q. What is the maximum repayment term of HDB business loan?
A: HDB business loan can be repaid for up to 5 years.
