HDFC SmartUp Business Loan
About This Loan
HDFC Bank SmartUp is a dedicated business loan product for startups and emerging businesses launched by India's largest private sector bank. It provides both term loans and working capital facilities with minimal documentation and fast processing (typically 3 to 7 working days). HDFC also partners with Startup India to offer preferential rates to DPIIT-recognised startups, with interest concessions and relaxed collateral norms that support early-stage growth. The product is particularly useful for startups with 1 to 3 years of vintage that need working capital beyond what MUDRA loans can provide. Loans up to 40 lakh rupees are available unsecured based on borrower profile, with secured options going up to 50 lakh rupees.
Maximum Amount
₹50,00,000
Interest Rate
11.90% – 21.35% p.a. (varies by profile)
Tenure
Up to 4 years
Collateral
Unsecured up to ₹40 lakh (profile-based); secured options for higher amounts
Processing Fee
Up to 2.5% of loan amount
Eligibility
Business vintage of 3+ years (for unsecured); 1+ year for secured loans; minimum turnover criteria apply; DPIIT recognition preferred for startups.
Application Process
- 1Apply online at hdfcbank.com or visit branch
- 2Submit documents for evaluation
- 3HDFC conducts credit assessment and CIBIL check
- 4Loan sanctioned within 3-7 working days
- 5Disbursed to business account
Documents Required
- KYC documents of promoters
- Business registration / Udyam certificate
- Last 2 years ITR with computation
- Last 12 months bank statements
- GST returns (last 12 months)
- Financial statements / Balance Sheet
Official Links
Related Government Schemes
Disclaimer
This information is sourced from publicly available bank and financial institution websites. EduMetrics is not a financial advisor or lending institution and does not guarantee the accuracy of interest rates, eligibility criteria, or loan terms. Please verify all details with the respective bank before applying.