HDFC

Rating:
66% of 100
  • • Online application and instant approval: You can easily apply for personal loans by HDFC Bank through online channels to receive instant approvals in less than 1 minute.
  • • Quick Disbursal: The loan figure will be disbursed to your bank account in less than 24 hours following the approval of your application.
  • • Minimal Prepaid fees: HDFC Bank Personal Loans are subject to fixed prepaid fees.
  • • Hassle-free loan processing: You can apply on the Web site, through Net Banking, an ATM, or visit your nearest branch to apply for an HDFC Bank personal loan. The application process is quick and paperwork is minimal.
  • • Instant disbursement: You will get a pre-approved Personal Loan in ten seconds* if you are an HDFC Bank customer. Some will receive one in 4 hours*.


Features


Door step service.

Minimum documentation.

Quick approval.

24x7 help.


Top 5 Personal Loans
Top 5 Credit Cards
Top 5 Professional Loan
Top 5 Business Loans

What you'll love


  • HDFC Personal Loan is very feasible as you can repay it in pocket-friendly installments for some time and can provide quick deploy with little to no documentation.
  • You will get a pre-approved Personal Loan in ten seconds* if you are an HDFC Bank customer. Some will receive one in 4 hours*.

 

Fees & Charges


  • Lowest EMI of ₹ 2,162 per lakh.
  • Processing Fees for self-employed and salaried working professionals. 0.50% 
  • Pre-closure charges: Pre-closure of HDFC personal loan is Allowed with Nil charges
  • Part-payment charges: Not allowed for a personal loan
  • Minimal Prepaid fees: HDFC Bank Personal Loans are subject to fixed prepaid fees.
  • Hassle-free loan processing: You can apply on the Web site, through Net Banking, an ATM, or visit your nearest branch to apply for an HDFC Bank personal loan. The application process is quick and paperwork is minimal.
  • Instant disbursement: You will get a pre-approved Personal Loan in ten seconds* if you are an HDFC Bank customer. Some will receive one in 4 hours*.

 

Eligibility Criteria


  • HDFC Personal loans are accessible for both, self-employed individuals and salaried working professionals. 
  • Self and paying customers are entitled to a personal loan of up to 40 lakh and are entitled to make use of the money to meet 

 

Documents


The paperwork needed for personal loans and the processing time are much less than for most other loans. With the following documents, you can secure a loan: ID information, address information, and income proof. You cannot even need to send documentation if you are pre-approved for a Personal Loan.

 

Perks


  • Accidental cover: After payment of the nominal premium which is directly debited from your bank loan account, you can use a personal accident cover of up to 8 lakh and a serious disease cover up to 1 lakh.
  • Additional advantages: HDFC Bank introduces competitive rewards for its existing clients with lower rates in respect of home loans. Attractive home loan plans can also be obtained by new customers.
  • Personal Loan Balance Conversion: You can select a low-interest rate and flat transaction fees of 1,999 to move your existing Personal Loans from other lenders to HDFC banks.

 

Features of HDFC Personal Loan

 

  • Online application and instant approval: You can easily apply for personal loans by HDFC Bank through online channels to receive instant approvals in less than 1 minute.
  • Quick Disbursal: The loan figure will be disbursed to your bank account in less than 24 hours following the approval of your application.
  • Minimal Prepaid fees: HDFC Bank Personal Loans are subject to fixed prepaid fees.
  • Hassle-free loan processing: You can apply on the Web site, through Net Banking, an ATM, or visit your nearest branch to apply for an HDFC Bank personal loan. The application process is quick and paperwork is minimal.
  • Instant disbursement: You will get a pre-approved Personal Loan in ten seconds* if you are an HDFC Bank customer. Some will receive one in 4 hours*.

 

HDFC Personal Loan Details

 

Comfortable refund: You can make simple installments or EMI payments for your loan. Pay terms are usually customizable and you can opt to adjust your monthly payments according to your requirements. HDFC Bank offers tenures of 12 to 60 months with EMIs as low as ₹ 2,162 per lakh. 

 

Fees and Charges

  • Lowest EMI of ₹ 2,162 per lakh.
  • Processing Fees for self-employed and salaried working professionals. 0.50% 
  • Pre-closure charges: Pre-closure of HDFC personal loan is Allowed with Nil charges
  • Part-payment charges: Not allowed for a personal loan
  • Late EMI payment charges:   loan cancellation charges are been disclosed by the bank during the signing of loan agreement.

 

Eligibility Criteria

  • High Loan amount: Self and paying customers are entitled to a personal loan of up to 40 lakh and are entitled to make use of the money to meet 
  • Minimal Prepaid fees: HDFC Bank Personal Loans are subject to fixed prepaid fees.
  • Hassle-free loan processing: You can apply on the Web site, through Net Banking, an ATM, or visit your nearest branch to apply for an HDFC Bank personal loan. The application process is quick and paperwork is minimal.

 

 

Documents Required

 

Proof of identity

Aadhaar Card, Driving Licence, Passport, or Voter ID Card

Proof of address

Voter ID Card, Aadhaar Card, Passport, or Driving Licence

Other documents

  • Bank statements for the last three months or passbook of the last six months
  • Latest salary slip or salary certificate
  • Form 16
  • Passport-size photograph

 

HDFC Personal Loan FAQ

 

      How can I repay my loan?

You can repay your loan amount in Equated Monthly Instalments (EMIs). The loan repayments can be done via post-dated cheques, ECS, or via a standing instruction to debit the repayment amount from your HDFC account.

      When can I take a HDFC top up loan?

You can take a top up loan from HDFC when you opt for a balance transfer with HDFC.

      Can business owners take personal loans from HDFC?

Yes, HDFC offers personal loans to salaried individuals and Self-Employed. Applicants are required to be employed with a private, public sector, or government body at the time of taking the loan and also Business registration proof.

      What is the repayment tenure for personal loans issued by HDFC?

If you take a personal loan from HDFC, you will need to repay the due amount within 1 year to 5 years (12 to 60 months).

      How to check HDFC personal loan status?

You can check the status of your HDFC personal loan application by visiting the website of HDFC. 

      How to contact HDFC personal loan customer care?

Listed below numbers can be contacted for HDFC personal loan customer care executives 

 

Ahemadabad 

079 61606161

Bangalore

080 61606161

Chandigarh

0172 6160616

Chennai

044 61606161

Cochin

0484 6160616

Delhi and NCR

011 61606161

Hyderabad

040 61606161

Indore

0731 6160616

Jaipur

0141 6160616

Kolkata

033 61606161

Lucknow

0522 6160616

Mumbai

022 61606161

Pune

020 61606161

 

 

You can call our customer care between 9 a.m. and 5 p.m. on all days including Sundays and bank holidays. 

 

 

 

More Information
Loan Type Personal Loan
Interest Rate Minimum (%) 0.1575
Processing Fees Minimum (%) 0.02
Loan Amount Minimum 50000
Loan Amount Maximum 4000000
Tenure Minimum (months) 12
Tenure Maximum (months) 60
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