Emergency Credit Line Facility

What’s in store for you?

Key Features of Emergency Credit Line Facility

Fees and Charges

  • Interest rate: External benchmark + 1%, capped at 9.25% per annum as per the scheme.

  • Only interest and documentation stamp duty are applicable.

  • No processing fees, guarantee fees, or foreclosure charges, only interest & stamp duty

Loan features

Purpose

  • Get a pre-approved Emergency Credit Line, up to 20% of your loan as of February 29, 2020.

  • The Finance Minister provides this additional loan facility as a relief measure.

  • Provide additional documentation of enhancement as requested by the Bank.

  • This Emergency Credit Line facility extends the existing security with the Bank.

Types of Loans

Other Perks

  • Avail a maximum tenure of 4 years with a 1-year principal deferment.

  • Enjoy 100% coverage on borrowing.

  • Fully secured by NCGTC, a Government of India wholly-owned trustee company.
     

    • NCGTC stands for National Credit Guarantee Trustee Company 

Note:

  • For more details, visit: https://www.eclgs.com

  • To avail this facility, contact your relationship manager today.

Most Important Terms and Conditions

Wondering if you are eligible?

Small and Medium-Sized Businesses

  • Business had loans/funds up to ₹25 crore as of February 2020.
  • Sales were up to ₹100 crore in FY 2019-2020

Payment History

  • Ensure no payments overdue by 60 days before Feb 29, 2020.
  • Maintain timely payments to banks or financial institutions.
Emergency Credit Line Facility

More about Emergency Credit Line Facility

Here are some key features of the HDFC Bank Emergency Credit Line Facility:

Quick Access

Provides immediate funds during financial emergencies.

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Flexible Tenure

Offers flexible repayment options based on the borrower's needs.

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Attractive Interest Rates

Competitive interest rates tailored for urgent needs.

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No Prepayment Charges

Allows prepayment without any additional fees.

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Minimal Documentation

Simplified application process with minimal paperwork.

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Instant Approval

Quick approval process to ensure fast disbursal of funds.

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Secured Facility

Can be availed against collateral for higher credit limits.

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You can enjoy benefits like no processing fees, a cap on interest rates, and a 100% guarantee coverage by the government’s NCGTC, easing your financial burden.

To apply for the ​Emergency Credit Line facility online, you can contact your relationship manager today.

Frequently Asked Questions

HDFC Bank’s Emergency Credit Line Facility is a financial relief option offering additional credit to businesses. You can avail up to 20% of your loan amount with HDFC Bank, ensuring support during unforeseen circumstances.

Eligibility includes MSMEs with fund-based outstanding up to ₹25 crores and turnover up to ₹100 crores as of February 29, 2020, without overdue payments beyond 60 days.

​Contact your HDFC Relationship Manager or visit the official HDFC website. You’ll need to provide documentation for your existing loan and meet the eligibility criteria.