HDFC Bank Personal Loan: Interest Rate, Eligibility, Processing Fee & Customer Care

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 HDFC BANK PERSONAL LOAN 

 

 

ABOUT HDFC BANK PERSONAL LOAN :

 

HDFC Bank is an Indian banking and financial services company. It was established in 1994 and their headquarters at Mumbai. It is one of India's leading private banks. HDFC Bank offers a wide range of financial products and banking services to customers.

 

FEATURES AND BENEFITS :

  • Loan upto 40 lakh

  • Instant approval

  • Quick processing

  • Provides good customer service

  • Easy documentation

  • No security and guarantor required

 

FEE AND CHARGES :

TYPE

CHARGES

Processing charge

Upto 2.5% of loan amount: 

Part-payment/Pre-payment charges

13-24 months: 4% of the outstanding balance

25-36 months:3% of the outstanding balance

After 36 months: 2% of the outstanding balance

Cheque bounce 

Rs 550 per bounce


 

DOCUMENTS REQUIRED :

 

TYPE

DOCUMENTS

Identity proof

Adhar card, pan card, driving license, passport etc.

Address proof

Aadhar card, voter id, rental agreement, registry and utility bills

Income proof

For salaried employees  3 month salary slip, Form 16 of last 2 years, and 3 month bank statement

                          

COMPARE OTHERS BANK PERSONAL LOAN INTEREST RATE :

BANKS

INTEREST RATE

AXIS Bank Personal Loan

12% to 24%

SBI Personal Loan

11.30% to 16.40%

SBI Xpress Bandhan

12.15% to 15.15%

SBI Xpress Credit Personal Loan

11.50% to 12%

HDFC Bank Personal loan

10.75% to 21.50%

Kotak Mahindra Bank Personal Loan

10.50% to 16.99%

Yes Bank Personal Loan

20.00% to 22.00%

Citi Bank Personal Loan

10.50% to 17.99%

ICICI Bank Personal Loan

10.99% to 16.25%

Standard Chartered Bank Personal Loan

11.00% to 19.20%

IDBI Bank Personal Loan

12.00% to 14.00%

RBL Bank Personal Loan

14.00% to 23.00%

HSBC Bank Personal Loan

10.75% to 17.84%

IndusInd Bank Personal Loan

11.00% to 16.75%

Bank of Baroda Personal Loan

11.70% to 16.70%

Bank of India Personal Loan

12.45% to 14.15% 

Canara Bank Personal Loan

12.05% onwards


 

ELIGIBILITY CRITERIA :

ELIGIBLE

Salaried, self-employed, private sector employees, government employees, doctors, teachers, Employees of various public and private companies, local bodies. 

AGE

Salaried = 21 to 60 years

Self employed = 21 to 65 years  

INCOME

HDFC Bank Salary account:  Customer who earn a minimum of ? 25,000 net income per month

NON HDFC Bank Salary account Holder: Minimum of ? 50,000 net income per month

 

OTHER LOAN PRODUCTS OF HDFC BANK :

  1. HDFC Bank Personal Loan 

  2. HDFC Bank Business Loan 

  3. HDFC Bank Holiday Loan 

  4. HDFC Bank Car Loan 

  5. HDFC Bank Credit Cards Loan 

  6. HDFC Bank Commercial Vehicle Loan

HOW TO APPLY FOR HDFC BANK PERSONAL LOAN :There is 2 ways you can apply for HDFC Bank personal loan i.e. :

  • Offline: visit to HDFC bank branch office

  • Online

    • Browse to HDFC bank portal

    • Now go to “Personal” section

    • Now go to “Borrow” menu and select “Popular loans”

    • Now click on “Personal loan”

    • Complete the registration form and attached all required documents

    • After that submit your application form

 

                                           

                                                            FREQUENTLY ASKED QUESTIONS :

 

Q1. How much interest rate charged by HDFC Bank personal loan?

From 10.75% to 21.50% interest rate charged by HDFC Bank personal loan.

 

Q2. What  is the  minimum and maximum tenure of HDFC Bank personal loan?

The minimum tenure  is 1  year and maximum tenure is 5 years of HDFC Bank personal loan.

 

Q3. Is there security or collateral required to get a HDFC Bank personal loan?

No, HDFC Bank personal loan is not required to get security and collateral.

 

Q.4. Is age an important factor to get HDFC Bank personal loan?

Yes, age is an important factor to get a HDFC Bank personal loan and the age should be at least 21 to 60 years at the time of maturity.

 

Q.5. How to apply for an HDFC Bank personal loan?

For HDFC Bank personal loan you can Apply online and offline both.

Last Updated on : 07/Aug/2020

Know More How To Apply ??

Know More About

Hdfc Bank Personal Loan

You're eligible for a Hdfc Bank Personal Loan if you:


Are legally adult enough to handle it


Have still got it


Get a regular pay check


Make more than a basic buck

Your eligibility depends on:


Earn more than minimum income required


Maximum allowed Personal Loans is Rs. 10K to Rs. 45 lakhs


EMIs of other loans loweryour eligibility

Boost your eligibility by:


Pay off your credit card bills


Choose longer tenure loan up to 5 years

Nothing gets done without that paperwork (which we'll happily carry over to the bank for you, no sweat). Here's what you'll need:

  • 1. Photo ID and age proof
  • 2. Signed application form with photograph
  • 3. Residence proof
  • 4. Last 6 months bank statement
  • 5. Documentation for salaried applicants:
    • Last 3 months salary - slips
    • Form 16 or Income Tax Returns
  • 6. Documentation for self-employed applicants:
    • Last 3 years Income Tax Returns with computation of Income
    • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

Hdfc Bank Personal Loan Interest Rates

Updated on 25 Nov 2017

Hdfc Bank Personal Loan Details
Interest Rate (Monthly reducing balance) 10.75% - 21.5%
Processing Fees 2.50% of loan amount plus GST
Loan Tenure 1 year to 5 years
Pre-closure Charges Varies with bank
Guarantor Requirement Varies with bank

Personal Loans EMI Calculator

Loan Amount

|
1L
|
50L
|
100L
|
150L
|
2Cr

Interest Rate

%
|
5
|
10
|
12.5
|
17.5

Loan Tenure

|
1
|
10
|
20
|
25
|
0
|
120
|
240
|
300


Your Monthly Loan EMI


₹24,959