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Eligibility Criteria for Business Loan for Traders
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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 & Accessibility
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Additional Benefits
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Most Important Terms & Conditions
Documents required to get you started
More about Business Loan for Traders
In any business or supply chain, traders play a vital role. To ensure smooth operations, they often require financial support—whether it's to manage working capital or purchase inventory for resale. Understanding these diverse needs, HDFC Bank offers the Business Growth Loan for Traders.
This loan is a collateral-free financing solution designed to help traders focus on growing their business without the stress of arranging security. From retail traders to small business owners, even micro and small enterprises can benefit from MSME trading loans offered by HDFC Bank to meet their day-to-day cash flow needs.
Flexible Tenure: Make your EMIs budget-friendly by choosing a tenure ranging from 12-48 months.
Easy Application: Apply for a loan from the comfort of your home through our website or visit our branch if you prefer.
Collateral Free Loans: No business assets to put as security? No worries, get unsecured funding with us.
Easy Balance Transfer Option: Paying a hefty interest rate on your current loan? Transfer your outstanding balance to us at a lower interest rate and
Overdraft Facility: Short on cash? Withdraw extra funds beyond your account balance without any collateral.
Higher Loan Amount: Easily grow your business with our funding options of up to ₹40 lakh (₹50 lakh in select locations).
You can use the funds to cover different business expenses. For example, you can set up offices in new locations, hire skilled workers, or procure raw materials.
You can apply for a Business Loan for Traders via:
2. PayZapp
3. NetBanking
4. Branches
Online application process:
Step 1 – Choose your occupation
Step 2 - Provide & validate your Phone Number & Date of Birth/PAN
Step 3- Choose Loan amount
Step 4- Submit & Receive funds*
*In certain cases, uploading documents and completing video KYC might be required.
Frequently Asked Questions
Yes, traders, whether self-employed individuals, partnership firms, private limited companies, or proprietors, can get a Business Loan to meet their business needs.
Any trader who satisfies the following conditions can obtain a Business Loan:
Self-employed:
Age: Between 21 and 65 years
Income: Minimum annual income of ₹1.5 lakh with 2 consecutive years of profit
Turnover: A minimum turnover of ₹40 lakh
Must have operated a business for at least 5 years, including a minimum of 3 years in the current business.
Entities Eligible: Self-employed professionals and non-professionals, partnership firms, proprietors, and private limited companies operating in trading, manufacturing and service segments.
You can obtain up to ₹40 lakh in funding. However, this amount increases to ₹50 lakh for select locations.
A loan for trading business is curated to cover a variety of expenses for the growth of your business. HDFC Bank Business Loan offers you a stipulated loan amount without the need to pledge any collateral.
With the HDFC Bank loan for trading, you can avail of funds up to ₹50 lakh (in select locations). You can check your eligibility in a few simple steps. You can do this either online or by visiting your nearest HDFC Bank branch. Minimal documentation is required, and the application and disbursal processes are seamless and quick.
At HDFC Bank, we bring you convenience at your fingertips. Click here to check your Business Growth Loan status. All you need to do is either enter your name, reference number, date of birth or mobile number. Click on ‘Submit’, and the details of your loan status are displayed on the screen.
Fuel your business growth—apply now for a business loan!