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Key Features
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Loan Benefits
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Accessibility
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Interest Rates & Tenure
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Most Important Terms & Conditions
More About Business Loan for Self-Employed
Running a successful business requires access to adequate funds. Beyond meeting day-to-day working capital needs, there may come a time when you need a larger amount. Whether it is for expansion, upgrading equipment, or scaling operations. A lack of funds shouldn't stand in the way of your business goals. With HDFC Bank’s Business Growth Loan for the self-employed, you can overcome financial roadblocks with ease.
Whether you're a professional such as a doctor or architect or a non-professional business owner, like an entrepreneur or SME operator, our tailored Business Loan for the self-employed offers a comprehensive solution to your funding needs. From installing new machinery in your factory to upgrading equipment in your clinic, this Loan is designed to support your business ambitions at every stage.
Identity proof
Election/Voter's ID card
Permanent Driving licence
Valid Passport
Aadhaar card
Address proof
Utility bill in the customer’s name
Property tax receipt in the customer’s name
Aadhaar card
Valid Passport
Income proof
Bank statement for the last 3 to 6 months
Last 3 months’ salary slips
Form 16
Latest ITR for Self-Employed
Proof of Business Continuation
ITR
Trade Licence
Establishment Certificate
Sales Tax Certificate
Mandatory Documents
Sole Proprietorship Declaration OR Certified Copy of Partnership Deed
Director-Certified Copy of Memorandum & Articles of Association
Board Resolution (Original)
Loans for Self Employed come with various features like a maximum loan limit of ₹50 lakh (in some cases ₹75 lakh), speedy disbursal and easy application process.
Some of the advantages of Loans for Self Employed are that they help a business operate without disruptions. These loans also help in meeting urgent personal needs. Apart from this, Loans for the Self Employed from HDFC Bank comes with quick and efficient service from the Bank.
You can apply for a Business Loan for Self-Employed 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
With HDFC Bank's Loans for Self Employed professionals, you can explore expanding your practice in a scalable, sustainable, and secure manner.
Yes, HDFC Bank offers Loans for Self Employed customers.
No, you typically need to provide proof of income to convince lenders of your repayment capacity. As such, you cannot obtain a loan without income proof.
You can get a Business Growth Loan for self-employed with tenures of anywhere between 12 months to 48 months.
Yes, to be eligible for a Business Growth Loan for self-employed, one must not be at least 21 years old at the time of applying and should not be over 65 years of age at the time of loan maturity.
No, a Business Growth Loan for self-employed from HDFC Bank is collateral-free. One does not have to hypothecate any assets or provide security to secure such a loan.
Fuel your business growth—apply now for a business loan!