HDB Financial Services Limited India - Business Loans
About HDB Financial Services Limited
HDB Financial Services Limited is a leading non-banking financial company (NBFC) in India offering a wide range of financial products and services. The company provides business loans to help businesses meet their financial needs and grow.
Business Loan Features
- Loan Amount: Up to Rs. 50 Lakhs
- Tenure: Flexible repayment options ranging from 12 to 60 months
- Interest Rates: Competitive interest rates
- Quick Approval: Fast processing and approval of loan applications
- Minimal Documentation: Hassle-free documentation process
- Easy Repayment: Convenient repayment options
Eligibility Criteria
To apply for a business loan from HDB Financial Services Limited, applicants must meet the following eligibility criteria:
- Minimum age of the applicant: 21 years
- Minimum business vintage: 2 years
- Minimum turnover: Rs. 10 Lakhs per annum
- Good credit history
Documents Required
- Identity proof
- Address proof
- Bank statements
- Income proof
- Business proof
How to Apply
Businesses can apply for a loan from HDB Financial Services Limited by visiting their website and filling out the online application form. Alternatively, applicants can contact the company's customer service team for assistance with the loan application process.
Contact Information
For more information about business loans from HDB Financial Services Limited, please contact:
Phone: 1800-200-1434
Email: info@hdbfs.com
Website: www.hdbfs.com
Frequently Asked Questions about Business Loans from HDB Financial Services Limited (India)
1. What types of business loans does HDB Financial Services Limited offer?
HDB Financial Services Limited offers a variety of business loans including term loans, working capital loans, equipment financing, and trade finance.
2. How much can I borrow for my business?
The loan amount you can borrow from HDB Financial Services Limited will depend on factors such as your business's financial health, credit history, and the purpose of the loan.
3. What is the interest rate on business loans from HDB Financial Services Limited?
The interest rate on business loans from HDB Financial Services Limited may vary depending on market conditions and your creditworthiness. It is recommended to contact the bank directly for current rates.
4. What is the loan repayment tenure offered by HDB Financial Services Limited?
HDB Financial Services Limited offers flexible loan repayment tenures ranging from 1 year to 5 years, depending on the type of loan and your repayment capacity.
5. What documents are required to apply for a business loan from HDB Financial Services Limited?
Commonly required documents include business registration documents, financial statements, bank statements, proof of identity and address, and income tax returns. Additional documents may be required based on the type of loan.
6. How long does it take to get approval for a business loan from HDB Financial Services Limited?
The approval timeline for a business loan from HDB Financial Services Limited can vary depending on factors such as the completeness of your application, credit assessment, and loan amount. In general, the process can take anywhere from a few days to a few weeks.
7. Can I prepay my business loan from HDB Financial Services Limited?
Yes, you can prepay your business loan from HDB Financial Services Limited. However, prepayment charges may apply, so it is advisable to check the terms and conditions of your loan agreement.
