HDFC Bank Business Loan Interest Rates

HDFC Bank Business Loan helps in providing funds for your business purpose. HDFC Bank Business Loan Interest Rates offered is very competitive which starts from 15.65%* with a processing fee up to 2.5% of the loan amount. Your eligibility criteria decide your HDFC Bank Business Loan Interest Rates. If you have high eligibility criteria, then your HDFC Bank Business Loan Rate of Interest will be low. But lower eligibility will increase your business loan interest rate in HDFC Bank. So, for lower HDFC Bank Business Loan Interest Rates, you must maintain a credit score of 750 or above and a minimum annual turnover of Rs. 1 crore. Also, you need to remember that a higher HDFC Bank Business Loan Interest Rates will ask for higher interest amount payment on your part.

Which factors affect HDFC Bank Business Loan Interest Rates

Once you have decided to go for HDFC Bank Business Loan, it is always better that you check your HDFC Bank Business Loan Eligibility using HDFC Bank Business Loan Interest Rate Calculator to get the clear details of HDFC Bank Business Loan Interest Rates. You need to remember that higher eligibility will lower your HDFC Bank Business Loan Interest Rates and vice-versa. For higher HDFC Bank Business Loan Eligibility, you need to have a stable business with a decent profit generation and a good repaying history which will lower your HDFC Bank Business Loan Interest Rates.

Here are some of the following factors which affect HDFC Bank Business Loan Interest Rates that is calculated using HDFC Bank Business Loan Interest Rate Calculator-

• Age

  HDFC Bank Business Loan Interest Rate Calculator gets affected by the age of the applicant. The age slab ranges from 21 to 65 years. If you apply for HDFC Bank Business Loan at a young age, then your HDFC Bank Business Loan Interest Rates will be low as at a young age your repaying capacity will be high. Also many exciting offers and benefits are provided. But an older applicant with reduced repaying capacity will have higher HDFC Bank Business Loan Rate of Interest.

• Business Stability

  For lower Business Loan Interest Rate in HDFC Bank you should have a stable business of minimum 3 years of track record. Also, if the business generate an annual turnover of at least Rs. 1 crore along with a descent profit margin for the last 2 years will lower your HDFC Bank Business Loan Interest Rates.

• CIBIL Score

  Your CIBIL score hugely affects HDFC Bank Business Loan Interest Rate Calculator. Higher CIBIL score will lower your HDFC Bank Business Loan Rate of Interest and lower CIBIL score will increase your HDFC Bank Business Loan Interest Rates. So, a good repaying history will improve your credit score that will reduce your HDFC Bank Business Loan Interest Rates.

• Housing Situation

  Your housing situation greatly affects HDFC Bank Business Loan Interest Rate Calculator. Staying in your own house will lower down your Business Loan Interest Rate in HDFC Bank. And staying in a rented flat will lower your repaying capacity which will increase your HDFC Bank Business Loan Interest Rates. Also, having your own workplace will lower your HDFC Bank Business Loan Interest Rates.

• ITR

  HDFC Bank Business Loan Interest Rates get highly affected by the ITR details. You need to produce ITR file of last 2 years with updated bank statement of the last 6 months which will lower down your HDFC Bank Business Loan Interest Rates.

• Existing Debt

  For financial obligations like EMI payments or credit card dues, your HDFC Bank Business Loan Interest Rates will be high. In case your existing liability consumes maximum 40% of your monthly income then definitely your HDFC Bank Business Loan Interest Rates will be high. To have a lower HDFC Bank Business Loan Interest Rates, you have to opt for balance transfer and top-up loan. Also you need to clear all your existing obligations for a lower HDFC Bank Business Loan Interest Rates.

• Geographical Location

  Your geographical location is a very important factor that affects your HDFC Bank Business Loan Interest Rates. Staying in a metropolitan city will lower your HDFC Bank Business Loan Interest Rates. But staying in a rural area will increase your HDFC Bank Business Loan Interest Rates. Also, staying in the red marked area, pointed by the financial institutions will also increase your HDFC Bank Business Loan Interest Rates.