EASYEMI - SME

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EasyEmi - SME
EasyEmi - SME

What Is EASYEMI For SMEs?

Whether you wish to revamp your office space or improve its infrastructure, with HDFC Bank’s EASYEMI for MSMEs, you can take the necessary steps to grow your business. Buy modern equipment or other relevant products for your business and pay later via easy instalments.

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Check out the benefits

  • Exclusive pricing with flexible tenures of up to 36 months.

  • Unsecured loans up to ₹50 lakh.

  • Enjoy No Cost EMI.

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Key Benefits & Features of EASYEMI for SMEs

Convenience

Exclusive Rates & Tax Benefits

  • Enjoy exclusive pricing with flexible tenures ranging from 6-36 months.

  • Claim Depreciation on purchase value and also enjoy GST input credit for operational expenses.

Zero Interest EMI

  • Enjoy No Cost EMI and ensure zero impact on working capital.

High Loan Limits

  • Unsecured loans between ₹50,000 and ₹50 lakh.

Interest Expense Deduction

  • Claim interest as an expense (applicable for both EASYEMI and No Cost EMI).

Collateral Requirements

  • Loans up to ₹50 lakh are unsecured; collateral is required for amounts above this limit.

Smart EMI

Products Accessible

With this loan, you can purchase the following products:

  • Electronics (TVs, ACs, Laptops, Desktops)

  • Refrigerators

  • Security Systems

  • Printers & Scanners

  • Paper Shredders

  • Generators

  • Washing Machines

  • Mobile phones & Tablets

  • Batteries & Inverters

  • Water Heaters

  • Geysers

  • Water Filters

  • Projectors

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Fees & Charges

Below are the fees and charges associated with EASYEMI for SMEs:

  • Processing Fee: 1%

  • Rate of Interest: 18% (However No Cost EMI is available from selected OEMs)

Smart EMI

Frequently Asked Questions

EASYEMI for MSMEs by HDFC Bank is a collateral-free loan solution that allows you to buy now and pay later via easy instalments. It offers no-cost EMI benefits and supports loans up to ₹50 lakh.

HDFC Bank offers a collateral-free loan up to ₹50 lakh for MSMEs under EASYEMI.

No, collateral is not required for the EASYEMI loan solutions for SMEs. HDFC Bank offers a collateral-free loan for up to ₹50 lakh under its EASYEMI for MSMEs.

The repayment tenure for the EASYEMI Loan with HDFC Bank is flexible. You can choose a tenure ranging from 6 to 36 months, according to your needs.

If you are a business owner or self-employed professional, you can claim the interest paid on EASYEMI as a business expense. This means you can reduce your taxable income by the amount of interest you have paid in a year.

More about EASYEMI for SMEs

Interest Expense Deduction: You can claim the interest as an expense for both EASYEMI and No Cost EMI options.

Collateral Requirements: Loans up to ₹50 lakh do not require collateral; collateral is necessary for loans exceeding this amount.

Wide accessibility:

  • Electronics (TVs, ACs, laptops, desktops)
  • Refrigerators
  • Water Filters
  • Security systems
  • Printers and scanners
  • Paper shredders
  • Generators
  • Washing machines
  • Mobile phones and tablets
  • Batteries and inverters
  • Water heaters
  • Projectors
  • Geysers

To check the EASYEMI for SME eligibility, visit the nearest HDFC Bank branch.

For Existing HDFC Bank Pre-approved Customers:

  • No additional documentation is required. Simply consult your Relationship Manager to access these benefits.

For Existing or New Customers:

  • Provide the last 6 months of bank statements.

  • Submit audited balance sheets and profit & loss statements for the past 2 years.

  • Furnish KYC documents for partners, directors, proprietors, or karta.

  • Provide proof of business.