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Types of Business Loan
Fund your business’ growth with the right Business Loan
Loan benefits & features
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Loan Benefits
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Most Important Terms & Conditions
More about the Business Loan for Manufacturers
Manufacturing businesses often face ongoing expenses, from procuring raw materials to acquiring or leasing heavy machinery and equipment. On top of that, rising daily and overhead costs can put additional strain on operations.
To manage cash flow challenges or meet funding requirements, HDFC Bank offers Business Growth Loans specifically designed for manufacturers. These loans can help cover everyday operational costs or one-time major expenses. With a range of beneficial features, our Business Loans for Manufacturers provide a reliable financial solution to keep your business running smoothly and growing steadily.
Identity Proof
Aadhaar Card
Passport
Voter's ID Card
PAN Card
Driving License
Address Proof
Aadhaar Card
Passport
Voter's ID Card
Driving License
Income Proof
Bank statement for the previous 6 months.
Latest ITR along with computation of income, Balance Sheet and Profit & Loss account for the previous 2 years, after being CA Certified/Audited.
Proof of continuation (ITR/Trade license/Establishment/Sales Tax Certificate).
Other Mandatory Documents [Sole Prop. Declaration Or Certified Copy of Partnership Deed, Certified true copy of Memorandum & Articles of Association (certified by Director) & Board resolution (Original)].
Loan up to ₹40 lakh without any collateral or security
Flexible tenure and repayment options over a period ranging from 12 to 48 months
An unsecured dropline overdraft option is offered, with amounts ranging from ₹5 lakh to ₹15 lakh.
An unsecured dropline overdraft option is offered, with amounts Business loans are disbursed quickly, allowing enterprises to handle their financial demands as soon as possible.
HDFC Bank Business Loan for Manufacturers offers significant benefits. It provides a tailored loan amount to meet specific business needs with competitive interest rates, ensuring affordability. Quick processing ensures fast approvals and disbursements, while minimal documentation simplifies the application process. Additionally, no collateral is required, and flexible repayment tenures cater to various financial situations, making it an ideal financial solution for manufacturers.
Frequently Asked Questions
Companies must engage in regular manufacturing activity to be eligible for a business loan from HDFC Bank for manufacturers. The cost of raw materials, daily expenses, overhead, and regular production costs—such as those incurred in purchasing or renting heavy machinery—are among the eligibility prerequisites. The applicant's credit score, loan repayment history, and bank relationship are all considered throughout the loan acceptance process.
While the exact minimum CIBIL score required for a Business Loan for manufacturers from HDFC Bank is not explicitly mentioned in the provided information, a good credit score generally improves your chances of loan approval. A CIBIL score of 700 or above is suitable for securing Business Loans. However, specific requirements may vary, and checking with the bank for precise details is recommended.
HDFC Bank offers manufacturing loans of up to ₹40 lakh without requiring any collateral or security. Additionally, an unsecured dropline overdraft facility is available with limits ranging from ₹5 lakh to ₹15 lakh, depending on terms and conditions.
Customers can get up to Rs 40 lakh (Rs 50 lakh in select locations) under Business Growth Loans to manufacturers from HDFC Bank.
HDFC Bank manufacturing loans are available for tenures of 12-48 months.
When a bank evaluates a loan application/request from a borrower, one of the things it takes into account is the applicant’s loan repayment track record and credit/CIBIL score. Having a good credit score helps you secure a manufacturing Business Loan with greater ease.
Fuel your business growth—apply now for a business loan!