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When applying for a Business Loan to Traders to meet capital requirements, keep the following interest rates and charges in mind. 

Fee Amount to be paid 
Rack Interest Rate Range
 10.75% to 22.50%
Loan Processing Charges

Up to 2.00%* of the loan amount

NIL Processing Fees for loan facility up to ₹5 lakh availed by micro and small Enterprises subject to URC submission prior to disbursal


Other Charges

Fee Amount to be paid
Premature Closure Charges (For Full Payment)

Premature closure Charges (applicable on principal outstanding) post Cooling Period off / look-up Period.

  • Up-to 24 EMI repayment - 4% of principal outstanding,

  • Post 24 EMI and up to 36 EMI repayment - 3% of principal outstanding,

  • Post 36 EMI repayment - 2% of principal outstanding.
Premature Closure Charges (For Part payment)

Partial Premature closure charges (applicable on part payment amount) :-

  • Partial premature payment is allowed post payment of first EMI.

  • Post 01 EMI and up to 24 EMI repayment - 4% of part payment amount.

  • Post 24 EMI and up to 36 EMI repayment - 3% of part payment amount.

  • Post 36 EMI repayment- 2% of part payment amount.

Partial premature payment is allowed up to 25% of Principal Outstanding, only once in the 
financial year and twice during the loan tenure. 
 
​​​​​​​NIL Premature Closure Charges for Fixed rate loan facility up to ₹50 Lakh availed by Micro and Small Enterprises, Closure from Own Source, and submission of Udyam Registration Certificate prior to disbursal
Delayed instalment payment charge
18% p.a plus applicable government taxes on overdue instalment amount
Stamp Duty and other statutory charges As per applicable laws of the state
Repayment mode change charges ₹500

Amortization Schedule Charges

Repayment Schedule Charges

 ₹50 per schedule for physical copy. Customer can also download from website free of cost
Payment Return Charges ₹450 per instance 
Legal/Incidental Charges At Actuals
Loan cancellation Charges & Rebooking Charges

Loan cancellation Charges:

Loan cancellation is allowed within cooling off/look-up period from the loan disbursement date. In the event of loan cancellation, interest charged from date of disbursement till the date of loan cancellation will be borne by the customer. Processing Fee, Stamp duty, other statutory charges and GST are non-refundable charges and would not be waived/refunded in case of loan cancellation.

Rebooking Charges:  ₹1,000 plus applicable government taxes

Note:

  • Government Taxes and other levies as applicable will be charged over and above the Fees and Charges
  • Senior Citizen Customers are eligible for a discount of 10% on all service charges
  • Loan at the sole discretion of HDFC Bank Ltd.

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