The basic criteria are that you must be minimum 21 years old. Your turnover must be minimum 40 lakhs. The business must be running since 3 years at least and must be making profits for the last 2 years. There are many more criteria for HDFC business loan which you can check on their online portal.
For an HDFC business loan, documents required are related to identity, address, income, 6 months banking statements. They would need ITR computation for 2 years, Proof of continuation of business/Balance sheet, Sole proprietary /Partnership deed etc.
Loan amounts range from 75,000 up to 80 lakhs*. These loans can be taken on the basis of your requirement. Although you might not get the loan amount you desire if you cannot fulfill the criteria set by HDFC bank.
You need to be very clear with your loan requirement and how much amount. After that you must find the best deal being offered and apply to that Bank. Once your eligibility is cleared, HDFC Bank will analyze your credit score and documents which will result in an interest rate being derived. Once you sign on the loan application agreeing on their terms and conditions, your loan can be approved.