Designed for Professionals, Approved in No Time – Get the Right Loan Today!
Invest in your professional practice with instant loans from HDFC Bank through Loan Shopie. Get up to ₹75 lakh, over the counter.
Enjoy attractive repayment options with pocket-friendly EMIs and tenures ranging from 12 to 60 months. If you already have a professional loan with another bank, reduce your EMIs by transferring the balance to HDFC Bank.
EMI Calculator
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EMI: ₹0
Professional Loan: Key Features
Loan amount
Get up to a maximum of ₹ 75 lakhs. Loan amount is based on credit history (repayment of previous loans)
EMIs
Get pocket-friendly EMI repayment options
Special offers
Get a special offer on a Professional Loan if you are a doctor
Xpress Professional Loans
✔️ End-to-end digital
✔️ No Physical Paperwork
✔️ Instant Approval
✔️ Loan Up to ₹40 Lakh
✔️ Available for HDFC Bank & other bank customers
Tenure
Repay loans in easy instalments from 12 to 60 months as per your repayment choice
Processing and approval
Enjoy minimal and simple documentation and quick disbursal
Balance transfer
Reduce the EMIs of your existing professional loan by transferring the balance to HDFC Bank. Get interest rates as low as 13.29%, and processing fees as low as 0.99%
Insurance
Ensure that your family is not burdened with debts with a Credit Protect Plan at a nominal premium. Outstanding loan amount will be covered by the insurance policy, and your family need not bear any brunt
We offer Professional Loan Solutions for every business
Loans for Self Employed Professionals:
Whether you are a Doctor or an Architect or any other licensed professional, our Business Loan offers you solutions so you can invest in the latest equipment or in revamping your studio space.
Loans for Self Employed Non – Professionals:
Whether you are a new age entrepreneur or an old hand in the business, our Business Loan can be customised for meeting your cash flow needs or to stock up on your inventory.
All you need to know about Loan For Professionals
Profession type
Professionals such as DoctorsProfessionals such as Doctors, physiotherapist, Chartered Accountants, Architects and Company Secretaries who are consulting or practising
Work experience
Doctors and Chartered Accountants – 4 years post qualification
Company Secretaries and Architects – 5 years post qualification
Physiotherapist – Min 5 years post qualification
Age
25 years of age and under 65 when the loan matures
Minimum annual income
₹ 1 lakh per annum
Business must be profit-making for 2 previous years
Enclosed below are HDFC Bank Loans for Professionals – Interest Rates & Charges, offered through Loan Shopie (DSA of HDFC Bank).
Fee | Charges |
|---|---|
Rack Interest Rate Range | 11.01% to 14.00% |
Loan Processing Charges | Up to 2.00% of the loan amount NIL Processing Fees for loan facility up to Rs. 5 Lakh availed by Micro & Small Enterprises subject to URC submission prior to disbursal |
Premature Closure Charges (For Full Payment) | Premature closure Charges (applicable on principal outstanding) post Cooling Period off / look-up Period.
|
Premature Closure Charges (For Part payment) | Partial Premature closure charges (applicable on part payment amount) :-
Partial premature payment is allowed up to 25% of Principal Outstanding, only once in the |
| NIL Premature Closure Charges for Fixed rate loan facility up to ₹ 50 Lakh availed by Micro & Small Enterprises, Closure from Own Source, and submission of Udyam Registration Certificate prior to disbursal. | |
Loan Closure Letter | NIL |
Duplicate Loan Closure Letter | NIL |
Solvency Certificate | Not applicable |
Charges for changing from fixed to floating rate of interest | Not applicable |
Charges for changing from floating to fixed rate of interest | Not applicable |
Stamp Duty & other statutory charges | As per applicable laws of the state |
Credit assessment charges | Not applicable |
Non standard repayment charges | Not applicable |
Repayment mode change charges | Rs 500/- |
Amortization Schedule Charges / Repayment Schedule Charges | Rs 50/- Per Instance |
Loan cancellation Charges & Rebooking Charges | Loan cancellation Charges: Loan cancellation is allowed within cooling off/look-up period from the loan disbursement date. In the event of loan cancellation, interest charged from date of disbursement till the date of loan cancellation will be borne by the customer. Processing Fee, Stamp duty, other statutory charges and GST are non-refundable charges and would not be waived/refunded in case of loan cancellation. Rebooking Charges :- ₹ 1000/- + applicable government taxes |
Payment Return Charges | ₹ 450 Per Instance |
| Delayed instalment payment charge | 18% p.a plus applicable government taxes on overdue instalment amount |
Legal /incidental charges | At actual |
Rates offered to customer during the period of 1st Jul 2024 to 30th Sep 2024
IRR | Q2 (2024-25) |
|---|---|
Min IRR | 10.50% |
Max IRR | 13.76% |
Avg IRR | 10.96% |
Annual Percentage Rate offered to customer during the period of 1st Jul 2024 to 30th Sep 2024
APR | Q2 (2024-25) |
|---|---|
Min APR | 10.50% |
Max APR | 13.78% |
Avg APR | 10.97% |
*Government Taxes and other levies as applicable will be charged over and above the Fees and Charges
Loan at the sole discretion of HDFC Bank Ltd.
Requirements
- Qualification proof of the highest professional degree.
- PAN Card – For Company/ Firm/ Individual
- Identity proof: Copy of Aadhaar Card/ Passport/ Voters ID card/ Driving License/ PAN Pan Card
- Address proof: Copy of Aadhaar Card/ Passport/ Voters ID Card/ Driving License
- Bank Statement (latest 6 months)
- Latest ITR along with computation of income, Balance Sheet and Profit & Loss Account for the last 2 years. Financial should be certified or audited by a CA
- Proof of continuation (ITR/ Trade License / Establishment Certificate/ Sales Tax certificate)
- Other Mandatory Documents (Sole Proprietary Declaration Or Certified Copy of Partnership Deed, Director-certified true copy of Memorandum & Articles of Association & Board Resolution (Original)
*Loan at the sole discretion of HDFC Bank Ltd
FAQs on Loan for Professionals
A Personal Loan is a general-purpose loan that can be used for any personal expenses, such as travel, medical emergencies, or home renovations. A Professional Loan, on the other hand, is specifically designed for professionals like doctors, chartered accountants, engineers, and consultants to support their practice, such as setting up a clinic, purchasing equipment, or expanding their business.
Professional Loans are typically available to self-employed professionals such as doctors, chartered accountants, architects, and other independent practitioners. Eligibility is based on factors such as income, work experience, and business stability.
Interest rates vary based on the applicant’s credit profile and loan amount. Repayment options usually range from 12 to 60 months, with flexible EMIs to suit different financial needs.
Yes, you can transfer your existing professional loan to HDFC Bank through Loan Shopie and benefit from lower interest rates or reduced EMIs.