Working Capital Loans for SME Business upto 7.5 Cr Turnover

For SMEs to manage their day-to-day operations smoothly, they need to have access to funds on-demand in order to grow and scale at-will. At HDFC Bank, we understand this need very well. Expecting to fund growth through business revenues and existing cashflow might not be a realistic idea always, especially for SMEs with high-growth potential where growth spurts are typically followed in succeeding quarters by a growth in revenue. This is where Working Capital Loans for Small Businesses can be a game changer. A Working Capital Loan for MSMEs provide working capital finance on-demand to businesses that satisfy specific qualifying criteria for getting these loans. These loans can be used to tide over urgent short-term cash flow issues, fuel purchase orders, serve as an overdraft, provide a letter of credit or even bank guarantees that are necessary for many customers today. When used intelligently Working Capital Loans can provide a speedy and effective resolution to cashflow issues.

All You Need To Know

TERMS AND CONDITIONS

Annual turnover

Between Rs 60 lakh to Rs 7.5 Crores

Loan application with Turnover more than 7.5 crs is processed provided customer is eligible under Priority Sector Lending (MSME).

Features & Benefits

Dedicated Relationship Manager: Get issues regarding your working capital finance resolved on-the-go with just a simple phone call.
Digital services: Bank from anywhere and at any time with HDFC Bank
Attractive rate of interest: Get the funds you need at an interest rate that makes commercial sense to you
Customised product range - Fund-based and non fund-based facilities: Depending on your needs, the right solution can be selected by you
Simplified Documentation and Quick Processing
Wide range of collateral accepted: Fund your growth intelligently
Take-over of existing facilities with other banks: Transfer your loans at competitive rates
Digital Application and Post Disbursement services
Overdraft facility exclusively designed for shopkeeper, retailer and kirana segment: Our loans are accessible to your retail business as well
Specially designed program basis GST returns
Collateral free loan up to ₹5 crores under CSTMSE scheme for Manufacturing, Service Industry & Retail/Wholesale Traders: As per applicable terms and conditions.

Fund & Non-Fund based facilities offered

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

Customer segment

Manufacturers, Distributors, Retailers, Traders, Service providers

Eligible Entities

Sole Proprietorship Concern, Partnership Firm, LLP, and Companies

Eligibility criteria

Min business vintage of 3 years
Profitable entity for 2 years
Availability of Collateral (Residential/Commercial/Industrial Property/FDs/Liquid Securities etc)

Indicative application processing TAT

( Subject to documents submission as per the check list)

All proposals upto Rs. 5 lacs will be processed within 2 weeks.
Proposals > Rs. 5 lacs < Rs. 25 lacs will be processed with in 4 weeks.
Proposals > Rs. 25 lacs will be processed within 8 weeks.

TERMS AND CONDITIONS

Working Capital Loans For Small Businesses

All You Need To Know

FEATURES

Annual turnover

Features & Benefits

Fund & Non-Fund based facilities offered

Customer segment

Eligible Entities

Eligibility criteria

Indicative application processing TAT

FEES & CHARGES

DOCUMENTATION

Manage Your Loans

Tools & Calculators

working capital loan