Working Capital Loans for SME Business upto 7.5 Cr Turnover

What’s in store for you

Business Loans for Growth

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Benefits & Features

Loan Perks

  • Instant Support: Resolve issues with your working capital finance through a single phone call to your dedicated manager.

  • Seamless Banking: Bank conveniently with HDFC Bank anytime, anywhere through our digital services.

  • Competitive Rates: Secure funds at competitive interest rates that suit your financial goals.

  • Tailored Solutions: Choose from a range of customised solutions, including both fund-based and non-fund-based facilities.

  • Effortless Documentation: Experience streamlined paperwork for swift approval.

  • Collateral Options: Strategically finance your growth with a variety of accepted collateral.

  • Competitive Loan Transfer: Transfer your loans from other banks at competitive rates.

  • Digital Process: Experience seamless digital application and post-loan services.

  • Tailored Overdrafts: Secure accessible overdraft facilities tailored to your retail business needs.

  • Customised Plans: Benefit from programs customised to match your GST filings accurately.

  • Unsecured Funding: Collateral-free loan up to ₹5 crore under CSTMSE scheme for Manufacturing, Service Industry & Retail/Wholesale Traders.

Loan Perks

Fund & Non-Fund based facilities

Avail a range of financing services for your business:

  • Cash Credit

  • Overdraft – Overdraft Against Property / Overdraft Against FD (ODFD) / Merchant Overdraft (MEOD) / Dropline Overdraft (DOD) / Dukandar Overdraft

  • Term Loan

  • Credit Guarantee Trust for Micro & Small Enterprise (CGTMSE).

  • Export Packing Credit (EPC)

  • Pre-Shipment Finance (PSF)

  • Bill discounting

  • DRUL

  • Letter of credit

  • Bank guarantee

Fund & Non-Fund based facilities

Application TAT

Upon submission of required documents according to the checklist:

  • Proposals up to ₹5 lakh will be processed within 2 weeks.

  • Proposals between ₹5 lakh and ₹25 lakh will be processed within 4 weeks.

  • Proposals exceeding ₹25 lakh will be processed within 8 weeks.

Contacless Payment

Fees & Charges

Processing Fees

Up to 1% (plus taxes) of the facility amount or ₹7,500/- (plus taxes) whichever is higher.

₹5,000/- (plus taxes) will be collected upfront as non-refundable administrative cost towards the legal and valuation expenses incurred prior loan sanction. For Shopkeeper Loan (unsecured): Up to 2% (plus taxes) of the facility amount. No Processing Fee & Renewal Fee will be charged for the cases worth CAM value up to ₹5 lakh.

Renewal Fees

Up to 1% (plus taxes) of facility amount.

Additional Interest

Charged @ 18.00% p.a. for overdue / delay / default of any monies payable

Service Tax & other Government taxes

Service Tax and other Government taxes, levies etc. applicable as per prevailing rate will be charged over and above the Fees and Charges

Please Note:

  • Loan at the sole discretion of HDFC Bank Ltd.

  • Floating rates are linked to Repo as declared by RBI from time to time. Such loans/ facilities are reset at 3-month frequency.

  • ** All Guaranteed Emergency Credit Line (GECL) Products are linked to HB_EBLR rate.

VIEW DETAILED LIST OF FEES AND CHARGES

term & condition

Most Important Term & Condition

*The Most Important Terms and Conditions for each of our banking offerings features all the specific terms and conditions that govern their use. You must go through it thoroughly to fully understand the terms and conditions applicable to any banking product you choose.

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Wondering if you are eligible?

Eligible Entities

  • Sole Proprietorship Concern, Partnership Firm, LLP, and Companies. 

Other Criteria

  • Business must be established for at least 3 years.
  • Must have been profitable for 2 years.
  • Collateral accepted (residential, commercial, industrial property, fixed deposits, liquid securities, etc.).

Customer segment

  • Manufacturers, distributors, retailers, traders, service providers.

Annual turnover

  • Between ₹60 lakh to ₹7.5 crore.
  • Loan applications for businesses with turnover exceeding ₹7.5 crore, eligible under Priority Sector Lending (MSME).
Working Capital Loans for SME Business upto 7.5 Cr Turnover

More About Working Capital Loans

Here are the documents required for an HDFC Bank Working Capital Loan:

Audited financial statements certified by a Chartered Accountant.

Bank Account statements for the last six months.

Repayment track record for any existing term loans.

Documents related to the offered collateral.

Additional documents as per the bank’s discretion.

Dedicated Support

Single-point contact through a dedicated relationship manager.

Digital Banking Services

Convenient anytime, anywhere banking through digital platforms.

Competitive Interest Rates

Affordable rates tailored to your financial objectives.

Customised Financing Options

Availability of fund-based and non-fund-based facilities.

Simplified Documentation

Streamlined paperwork for faster approval.

Flexible Collateral Choices

A variety of accepted collateral for strategic financing.

Loan Transfer Facility

Competitive rates for transferring loans from other banks.

Fully Digital Process

End-to-end digital application and post-loan management.

Personalised Overdrafts

Overdraft facilities tailored for retail business requirements.

GST-Aligned Plans

Solutions designed based on accurate GST filings.

Unsecured Loans

Collateral-free loans up to ₹5 crore under the CSTMSE scheme for Manufacturing, Service, and Retail/Wholesale Traders.

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Frequently Asked Questions

The documentation process for Working Capital Finance is incredibly simple. It involves submitting basic business details and financial statements. 

The interest rates available for Working Capital Finance differ based on the amount required by the borrower and the tenure of repayment. Shorter-term loans are typically offered at lower interest rates as compared to longer-term loans. HDFC Bank offers competitive interest rates on Working Capital Loans.

HDFC Bank’s Small Business Operating Capital Loan is available to various business entities. Eligible entities include Sole Proprietorship Concerns, Partnership Firms, Limited Liability Partnerships (LLPs)and Companies.

The processing time for a Working Capital Loan for a new business can range from 2 to 8 weeks, depending on the principal amount required/borrowed. 

To apply for HDFC Bank’s Startup Working Capital Loan, simply click here and follow the easy steps. Alternatively, you can contact our customer service number or visit a branch to express your interest in applying for Working Capital Finance.