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 |
|
|
12% to 24% |
||
|
11.30% to 16.40% |
||
|
12.15% to 15.15% |
||
|
11.50% to 12% |
||
|
10.75% to 21.50% |
||
|
10.50% to 16.99% |
||
|
20.00% to 22.00% |
||
|
10.50% to 17.99% |
||
|
10.99% to 16.25% |
||
|
11.00% to 19.20% |
||
|
12.00% to 14.00% |
||
|
14.00% to 23.00% |
||
|
10.75% to 17.84% |
||
|
11.00% to 16.75% |
||
|
11.70% to 16.70% |
||
|
12.45% to 14.15% |
||
|
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 :
HDFC Bank Personal Loan
HDFC Bank Business Loan
HDFC Bank Holiday Loan
HDFC Bank Car Loan
HDFC Bank Credit Cards Loan
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/2020Know More How To Apply ??
Know 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 | 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 |
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