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.
1. Loan upto 40 lakh :
HDFC Bank offers a personal loan to the customer from Minimum amount Rs. 50000 to maximum amount Rs 40 lakh.
2. Instant approval :
HDFC Bank pre approved loan within 10 seconds so you don't have to wait for so many times for the loan approval. The loan approval can be completed online from the comfort of your home or office.
3. Quick processing :
The customers should be processing for the personal loan from HDFC Bank in a very quick and easy way. So customers do not have to wait so many times for the processing of personal loans.
4. Provides good customer service :
HDFC Bank provides good customer service to the customers.
5. Less documentation :
HDFC Bank required only a few documents such as ID proof and address proof along with income proof. Customers do not need to submit so many documents for the approval of a personal loan from HDFC Bank.
6. No security and guarantor required :
HDFC Bank is an unsecured loan so they don't not required any security and guarantor.
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TYPE |
CHARGES |
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Processing charge |
Upto 2.5% of loan amount (Minimum Rs.1999 and Maximum Rs.25000) |
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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 |
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Cheque bounce |
Rs 550 per bounce |
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Cheque swapping charge |
Rs.500 |
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TYPE |
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Identity proof |
Aadhar card, pan card, driving license, passport etc. |
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Address proof |
Aadhar card, voter id, rental agreement, registry and utility bills |
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Income proof |
Latest salary slip or salary certificate, Form 16 of last 2 years, and last 3 month bank statement |
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BANKS |
INTEREST RATES |
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12% to 24% |
|
|
11.30% to 16.40% |
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|
12.15% to 15.15% |
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11.50% to 12% |
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10.75% to 21.50% |
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|
10.50% to 16.99% |
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20.00% to 22.00% |
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10.50% to 17.99% |
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|
10.99% to 16.25% |
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|
11.00% to 19.20% |
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|
12.00% to 14.00% |
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|
14.00% to 23.00% |
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|
10.75% to 17.84% |
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11.00% to 16.75% |
|
|
7.65% to 12.65% |
|
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12.15% to 14.15% |
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|
12.05% onwards |
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ELIGIBLE |
Salaried, self-employed, private sector employees, government employees, doctors, teachers, Employees of various public and private companies, local bodies. |
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AGE |
Salaried = 21 to 60 years Self employed = 21 to 65 years |
|
INCOME |
HDFC Bank Salary account: Customer who earn a minimum of Rs. 25,000 net income per month NON HDFC Bank Salary account Holder: Minimum of Rs. 50,000 net income per month |
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
There is 2 ways you can apply for HDFC Bank personal loan i.e. :
Offline Method : Visit to HDFC bank branch office
Online Method :
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
EMI is calculated using the formula :
P x R x (1+R)^N] / [(1+R)^N-1]
Where;
P= Principal or your loan amount
R= Rate of interest
N= Tenure (loan term in number of years)
From 10.75% to 21.50% interest rate charged by HDFC Bank personal loan.
The minimum tenure is 1 year and maximum tenure is 5 years of HDFC Bank personal loan.
No, HDFC Bank personal loan is not required to get security and collateral.
Yes, age is an important factor to get a HDFC Bank personal loan and the age should be at least 21 to 60 years for salaried employees and 21 years to 65 years for self employed.
For, HDFC Bank personal loan you can apply online and offline both.
Last Updated on : 16/Jul/2020Know More About
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
Updated on 25 Nov 2017
| Hdfc Bank Personal Loan Details | |
|---|---|
| Interest Rate (Monthly reducing balance) | 10.75% - 21.5% |
| Processing Fees | Upto 2.50% of loan amount (Min. Rs.1999 and Max. Rs. 25000) |
| Loan Tenure | 1 year to 5 years |
| Pre-closure Charges | Varies with bank |
| Guarantor Requirement | Varies with bank |
Personal Loans EMI Calculator