• index

Loan Assistance

Documents required with loan application form: (Self-employed cases)

Common Documents Partnership
1 Updated Bank Pass Book / Statement of accounts for last 6 months (Photocopy) for Individual as well as for Company. 1 Copy of Partnership Deed
2 Ration Card / Electricity Bill / Telephone Bill (Photocopy) 2 3 yrs P & L a/c, B/S, Computation of income (CA certified)
3 Business Profile: A note on business mentioning nature of business, list of clients, suppliers, staff strength, geographical spread, etc. 3 Individual Computation of Income and tax returns for last 3 yrs. (CA Certified)
4 PAN Card    
Proprietor / Professional Pvt. Ltd. Company
1 3 yrs P & L a/c, B/S, Computation of income (CA certified) 1 Remuneration certificate
2 Income Tax return file statement for 3 yrs (CA Certified) 2 Board resolution for fixing remuneration.
    3 Company’s annual report
    4 Individual IT returns for last 3 yrs (CA Certified)
    5 Articles & Memorandum of Association
    6 List of Directors

Documents required with loan application form: (-Employed cases)

  1. Latest Salary Certificate / Slip in original
  2. Form no.16 from Employer (Photocopy)
  3. Certificate from Employer for any other allowances which is not reflected in salary slip (in original) (if any)
  4. Updated Bank Pass Book / Statement of accounts for last 6 months (Photocopy)
  5. Voter I.D. card or Company’s I.D. or Passport (Photocopy) or Ration Card (Photocopy), PAN Card
  6. Passport size Photograph of applicant & co-applicant
Particulars HDFC
Loan Tenure 15 – 20 Years Upto 15 Years (for professionals)
% Financed Upto 80 % covering all additional costs
Profile Most banks are negative to:
  • Advocates
  • Real Estate (brokers/agents)
  • Transport Line
  • Jewellers
  • Stock Brokers
  • HDFC will look into these profiles and if the requirement is met they will consider these profiles too, Stock brokers are usually not considered but on a special case HDFC would consider if all the requirements are met.
Loan Products HDFC has various Loan Products to offer

Floating Rates

Applicable Rates Variable Rates
Upto 75 Lacs 10.25%
Above 75 Lacs 10.5%
*Interest rates as on 12th Feb ’14 and subject to change