• 9863020202    
  • contact@financeseva.in

HDFC Professional Loan

HDFC Professional loan credit facility is offered for Docter, charted accountant, Lawyers & architects who need funds to start up their Business.
Enquiry Form

HDFC Bank Professional Loan

When you decide to do your own business with some dreams and lots of desires. but most of the time these desires lots due to finance. Any Business needs liquidity and a good plan to start any Business but not able to arrange funds. Here is the way to get an HDFC bank professional loan to Expand your business and services. If you are a Docter, photographer, charted accountant or any kind of professional can avail for Professional loan.

Features and benefits of Professional Loan

Features

  • Get up to ? 20 lakhs
  • No collateral required
  • Instant approval
  • Expand your business

Benefits

  • Repay loans in easy instalments
  • Loan tenure is 12-60 months based on your needs
  • Easy EMI options

Types of HDFC Professional Loan

HDFC offers the two Types of professional loan;

Professional Loan for doctors:-If you have completed your M.B.B.S and want to start your hospital, clinic, and medical and required funds for it. Get professional loan from HDFC with hassle free process and speedy approval.

Professional Loan for a charted accountant:-You need funds to start your practices get a loan up to 20 lakhs

HDFC Professional Loan Interest Rate and Loan amount

Interest rate 10.25% onwards
Loan Amount Up to Rs. 40 Lakh
Eligibility Age

Minimum 21 years at time of applying

 

Maximum 60 years at loan maturity

Eligible Income Minimum Rs. 30,000 p.m.
Loan Tenure 12 to 60 months

 Also Read:-Tata Capital Personal Loan Interest Rate

Other charges on HDFC Professional Loan

Cheque swapping charges Rs 500/-
Pre-payment charges

Different charges as per your loan tenure:

  • 07-24 Months - 4%
  • 25-36 Months - 3%
  • Above than 36 Months - 2% of Principal Outstanding
Cheque bounce charges Rs. 550/- per cheque bounce
Processing Fees Up to 2.5%
Stamp duty As per applicable laws

HDFC Professional Loan Eligibility

The eligibility criteria can differ from bank to bank that’s why before applying for HDFC bank professional loan check your eligibility by using HDFC bank eligibility calculator.

  • Any Docter, architecture, CA, photographer, proprietor, self-employed individuals, private Ltd, and partnership firm are eligible for business loan.
  • Your business yearly turnover is minimum of Rs 40 lakhs.
  • Any business is earning profit Last two year they are also eligible
  • At the time of applying for loan applicant age should be at least 21 years and 65 years at the time of loan maturity.
  • Business ITR should be Rs 1.5 lakh p.a.
  • Individuals who have running the business last 3 years, with 5 years business experience.

HDFC Professional Loan documents

  • Need passport size photographs for application form
  • All necessary KYC documents like your passport, pan card, Aadhar card, driving license, voter id card, electricity bill, water bill etc.
  • Bank statement of last 6 months
  • Income tax filled with income tax department of last two years as a proof of your Income
  • Business ownership, address, vintage and established proofs etc.
  • Identity proof of your applicant, director and partner
  • Any other document required by HDFC bank

How to apply for HDFC Professional Loan?

An applicant can apply for a professional loan physically and online according to your suitability. If you are applying physically then you need to visit the HDFC branch and request the application form fill it and attach required documents.

If you are thinking apply HDFC bank professional loan online with comforts at your home and office. Then you need to follow given mention simple steps:

1.Borrower need to visit the official website of HDFC bank.

2.Where you will find the application form just simply click on that and fill it with your personal and professional details

  1. At the last of application form you need to specify your loan details like loan amount,loan tenure and EMIs
  2. If,your loan application assessed by HDFC bankofficer and get it approved
  3. 5.Once your request hasbeen accepted loan amount will get credited to your account within a day.

HDFC Professional Loan FAQ

Is there any need of security to avail for HDFC Professional Loan?

No, need of any collateral for HDFC bank professional loan.

How can I repay my HDFC Professional Loan EMIs?

You can pay your HDFC bank professional loan EMI in 3 ways.

  • Standing Instruction (SI)
  • Electronic Clearing Service (ECS)
  • Post-Dated Cheques (PDCs)

What happened if I am not able to pay my EMIs on time?

The bank will charge ECS bounce penalties & other additional charges on your loan. It will also affect your cibil score, bank can take some legal actions against borrower.

What is the minimum cibil required for HDFC Professional Loan?

Your cibil score should be more than750 then only you can avail for professional loan.

What are the other charges charged by HDFC Professional Loan?

Exclusive to the interest rate bank charges some other charges such as processing fee, cheque bounce charge & pre-payment charges.

HDFC Professional Loan customer care number

Do you want to solve your Quires regarding the HDFC Professional loan?

Call on HDFC toll free number 1800 258 3838 

Visit the HDFC website and fill basic details and start chat online

Write your quires and complaints and send it on this email LEA.Communication@hdfc bank.com or you can SMS your quires on HDFC HOME to 5676712

Apply Now:-Business Loan

Related Topics

Personal Need Loan Products

credit-report

Secured Loan Products

business Credit Report

Unsecured Loan Products

Improve Credit Report

Project Loan Products

Get Financial Statement

Exporter/Importer Loan Products

Other Loan