Loan Details

Interest Rate

10.49% onwards

Processing Fee

Up to 2.50%



Up to 4.00%


1 to 4 years

  • Eligibility Factors
  • Documents Required
  • Loan Verification Process
  • Rate of Interest
HDFC Bank Business Loan
  • Age
  • For Self-employed: 21 - 65 years
  • Credit Score- 750 or more.
  • Employment type: Business owners
  • Minimum Annual Turnover: Rs. 40 lakhs
  • Work experience: Business class: Minimum 3 years of current business and 5
    years business experience


All the applicants are required to submit the below-listed documents with ICICI Bank -

  • Filled up ICICI Bank business loan application form
  • Recent Photographs
  • ITR of previous 2 years
  • Proof of Identity
  • Proof of Residency
  • Proof of Signature Authenticity
  • Business Plan

Income/ Business related documents

  • Business plan
  • Proof of Business establishment
  • Proof of business continuity (Last 2 years’ ITR, Certificate of Incorporation, Sales Tax Challan etc.)
  • Bank Statement of the last 6 months
  • C.A. Certified Financial documents (Last 2 years’ Profit and Loss Statements, Balance Sheet, Periodic Stock, Creditor’s Statement etc.)

Proof of Residential Address (for all borrowers)

  • Utility Bill
  • Receipt of Property Tax
  • Approved Building Plan
  • Valid Passport
  • Voter ID
  • Registered Rent Agreement

Birth Date Proof (for all borrowers)

  • Driving License
  • Valid Passport
  • Voter ID
  • Aadhar Card

Other documents:

  • Sole Prop. Declaration Or Certified Copy of Partnership Deed
  • A certified true copy of Memorandum & Articles of Association(certified by Director)
  • Board resolution

The loan verification process is straightforward and simple:

  1. Fill in the application form and submit it along with the other required documents. You can do it by signing up on
  2. You will receive a call from one of our representatives within 24 hours to schedule a pickup of the documents if you opt for offline submission of the documents.
  3. The concerned department representatives at HDFC Bank will verify the documents and the details.
  4. After completing the verification process and approval of the loan, the lender will call you with the loan offer and ask for your consent for disbursal.
  5. Once you have accepted the loan offer, the amount gets credited to your accounts within 48 hours.
  6. You will get a copy of the duly signed loan agreement containing details of loan interest, tenure, loan amount, charges, and penalties.

The applicable rate of interest on business loans varies based on business requirements.

The minimum rate of interest is 11.9%, whereas the maximum rate of interest is 21.35%.