About this scheme
HDFC Bank SmartUp is a holistic banking + credit programme for startups and MSMEs. Pre-approved credit lines, founder credit cards, payment gateway integration, and cashflow analytics for current account customers.
What you get
- Pre-approved working capital up to Rs. 50 lakh
- Term loan up to Rs. 2 Cr (collateral may be required > Rs. 10L)
- CGTMSE coverage available up to Rs. 5 Cr
- POS terminal + payment gateway integration
- Founder credit card with rewards
- Cashflow analytics dashboard in NetBanking
Who qualifies
HDFC Bank current account holders running a business. GST registered with 12+ months filing. Annual turnover Rs. 25 lakh+. Used by manufacturers, traders, services.
All industries qualify (no NIC restriction).
Business types
ProprietorshipsPartnershipsPrivate LimitedLLPsOne Person Companies
Available across India (central scheme).
How to apply
- 1Open HDFC current account (or use existing)
- 2Apply via HDFC NetBanking or branch
- 3Auto-pull of GST + bank statement (with consent)
- 4Pre-approved offer within 5-7 days
- 5Sanction + disbursement on acceptance
- 6Annual review and renewal
Key terms and conditions
- Interest 9-12.5% on working capital
- Annual processing fee + insurance
- Pre-payment after 6 months without penalty
- Annual review at lender
What disqualifies you
- Non-HDFC customers must open account first
- CIBIL below 700: limited eligibility
- GST defaulters rejected
Documents typically required
- HDFC current account
- GST returns
- PAN
- ITR (2 years)
The content above is compiled from public information published by the scheme authority. Eligibility, benefits, and procedures are subject to change. Confirm details directly with the official portal before applying. BharatSeal does not process scheme applications.