Personal loan in HDFC Bank : Almost, every person needs money at some point of time, whether it is for taking home or for some business or for some other work. Do you need money too? If yes, then let me tell you how you can take personal loan from HDFC Bank? And what are the eligibility criteria and documents required? Let’s find out.
About HDFC Bank
As we know that HDFC Bank is an Indian banking and financial service company which offer banking services like Accounts, Deposits, Cards, Loans and more. It is India’s largest private sector bank by assets and market capitalization.
What Features does HDFC Bank Offers?
HDFC Bank is one of the leading providers of Personal Loans in India, HDFC Bank, offers the best loan option that comes with a unique array of features and benefits. You can choose from different EMI repayment options that suit your pocket, flexible tenures, completely online process, and quick disbursals. In fact, pre-approved HDFC Bank customers can get an instant Personal Loan in 10 seconds without any documents.
Here are some features of the HDFC Bank –
1. Get a personal loan in quick time
- Check eligibility in one click online and at select branches – Personal Loan Eligibility Calculator
- Get funds in 10 seconds if you are a pre-approved HDFC Bank customer. Other customers can get a loan in under 4 hours
- You can get loan amount in just one working day of document submission
2. You can apply online for personal loan
3. Save money Personal Loan Balance Transfer
- You can Lower your Personal Loan EMI by doing a balance transfer to HDFC Bank – Personal Loan Balance Transfer Calculator
- Interest rates as low as 10.40%* on the existing loan transfer
- Flat Processing fees starting at Rs 3,999/- (+ GST)
4. Protect yourself with insurance
They offers two protection for you and personal loan
- Personal Accident Cover- In which you can avail up to 8 Lakhs for nominal premium* and Critical Illness cover up to 1 Lakh.
- Personal Loan Security – Protection with Sarv Suraksha Pro – Accidental Hospitalization cover up to 8 Lakhs and Accidental death/Permanently disable cover up to 1 Lakh.
5. 24×7 Assistant Anywhere
Read Also – What are the important things to kept in mind while taking personal loan?
What is the loan amount and tenure of HDFC Bank for Personal Loan?
Loan Amount
HDFC Bank offer loan amount for Personal Loan in the range of –
50,000 to 40,00,000
Tenure Rate
With flexible tenure they offer 12 to 60 months for Personal Loan.
Eligibility
What are the eligibility criteria to take personal loan in HDFC Bank?
The following people are eligible to apply for a Personal Loan:
- Employees of private limited companies, employees from public sector undertakings, including central, state and local bodies
- Individuals between 21 and 60 years of age
- Individuals who have had a job for at least 2 years, with a minimum of 1 year with the current employer
- Those who earn a minimum of 25,000 net income per month.
Know eligibility whether you are eligible or not?
Interest Rates And Charges
What are the interest rates and charges of HDFC Bank?
The bank charges and interest rates are as –
- Interest Rates – 10.50% to 21%
- Loan Processing Charges – Up to 2.50% of the loan amount.
- Stamp Duty and Other Statutory Charges – As per applicable low of the state
Documents
What are the documents required for personal loan in HDFC Bank?
As it is the matter of money so no one want to loose it that’s why bank ask for documents to verify the the persons details and to avoid future problems. These documents are required –
- Identity proof (copy of passport/voter ID card/driving license/Aadhaar)
- Address proof (copy of passport/voter ID card/driving license/Aadhaar)
- Bank statement of previous 3 months
- Passbook of previous 6 months
- Two latest salary slip/current dated salary certificate with the latest Form 16
How to apply for personal loan in HDFC Bank?
As banks are so flexible with their customers and they don’t want to trouble them. So they came up with digital option. Now you can apply online
Here are the process –
- Go to official website – Click Here
- Enter your mobile number and check the box and continue
- If you are an existing customer then speed up your loan application by Log In.
- Now fill the application form and upload the documents if asked
- Now If everything is ‘ok’ then the loan amount get reflected in you bank account.
Conclusion
Well, in this this post we have discussed almost every common topics which is related to HDFC Bank personal loan. So I hope you’ll get to know everything about how to take personal loan from hdfc bank.
