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CreditMantri Finserve Private Limited Unit No. B2, No 769, Phase-1, Lower Ground Floor, Spencer Plaza, Anna Salai, Chennai - 600002
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Housing Development Board (HDB) financial services is a subsidiary of HDFC bank. It offers business loans at affordable interest rates. Apart from business loans, it also offers personal loans, gold loans, auto, and commercial vehicle loans. HDB offers business loans at interest rates starting from 22% with additional benefits.
HDB Finance Business Loan Key Features
Interest Rate - 22% onwards
Loan Amount - Max. Rs. 30 lakhs
Repayment Tenure - From 12 to 48 months
Collateral - Not required
Eligibility Criteria
Profession type/Categories | Self-employed (Professionals) | Self-employed (Individuals) | Self-employed (Pvt. Cos. and Partnership Firms) |
Age – Min. | 22 Years | 21 Years | 22 Years |
Age – Max. | 65 Years | 65 Years | 65 Years |
Business existence | Min. 3 years | Min. 4 years | Min. 4 Years |
Min. Annual Income – Metro area | Rs. 1 lakh (p.a.) | Rs. 1 lakh (p.a.) | Rs. 1 lakh (p.a.) |
Min. Annual Income – Non-metro areas | Rs. 75,000 (p.a.) | Rs. 75,000 (p.a.) | Rs. 75,000 (p.a.) |
Benefits of HDB Business Loans
How To Apply for HDB Business Loans
Applying for HDB business loans is easy as one can do so by visiting the nearest branch office. An applicant can even apply online for a business loan. One has to fill the application form online and the company representatives will then reach out.
HDB Business Loan Application Status
After applying for a business loan, an applicant can inquire about the loan status at the nearest HDB branch. The branch executives will inform applicants about the status of the loan application.
A CIBIL™ score is a three digit number between 300 and 900 that gives potential lenders a quick idea of your loan
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A credit report is a history of your credit behaviour and contains detailed information on all your loan and credit
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