HDFC Bank Personal Loan

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HDFC Bank personal loan which states “Jio Shaan Se” helps you when you need money without too much of a hassle. You can repay the loan over a period of time in pocket-friendly instalments and you can get quick disbursal with little or no paperwork. You can get a personal loan quickly and easily for medical expenses or a wedding, foreign travel or study abroad fees, home renovation or short-term cash.

HDFC Bank Personal Loan Details

These days, you can effectively turn your dreams into reality by opting the personal loan facility with attractive interest rates and fast approvals. To face the challenge of fulfilling the financial needs and desires beyond capacity, HDFC Bank provides you with a perfect solution. One can easily apply for the personal loan by HDFC Bank, sitting at home. The bank has simplified the process and starts the online application of personal loan which is just a few clicks away. You can get the personal loan for any purpose, whether its vacation or home renovation, car loan, dream wedding or any other kind of personal expenses.

To get an instant personal loan from HDFC Bank, applicant’s age must be between 21 to 60 years. The bank provides loan amounts ranging from Rs 50,000 to 15,000,000 for the loan duration of a minimum of 1 year to a maximum of 5 years. The interest rate provided by the bank ranges in between 10.75% (minimum) to 22% (maximum).

HDFC Bank Personal Loan Information

With HDFC Bank Personal Loan you can apply for loan just in 4 hours with 10.75% p.a. onwards. Below table gives the complete details of Personal Loan.

    HDFC Bank Personal Loan Details
    Loan Category Personal Loan
    Tagline Jio Shaan Se
    Loans Offering Personal Loan, two-wheeler, new/used cars loan, travel loan, medical loan, Easy EMI Consumer loan et
    Loan Type Unsecured personal loan
    Interest Rate 10.75% p.a. onwards
    Processing Fee Up to 2.50% of the loan amount
    Approval Process Both online and offline
    Minimum Income Requirement ₹15,000/month (₹20,000 in Mumbai, Delhi, Chennai, Hyderabad, Pune, Kolkata, Ahmedabad, C
    Loan Approval Timing 4 hours
    Minimum Loan Amount ₹50,000
    Maximum Loan Amount ₹15 Lakh
    Minimum Loan Period 12 months/1year
    Maximum Loan Period 60 months/5 years
    Type of Interest Rate Fixed interest
    Interest Charging Method Reducing balance method

HDFC Bank Personal Loan Special Feature Details

    HDFC Bank offers some of the special features in its personal loan for the applicants, so they can have more benefit from a single loan. These features are:

    Personal Accident Cover: HDFC Bank offers a unique plan of accident insurance with its personal loan. With a nominal premium, applicants can avail Personal Accident cover of up to Rs 8 Lakhs, and Critical Illness cover of up to Rs 1 Lakh. The premium of these policies will be deducted from the loan amount.

    Special offers for women: HDFC Bank offers special interest rates for women under the HDFC Personal Loan Diva scheme. HDFC bank offers pre-approved personal loans of Rs 3 Lakh to women applicants

    Easy Balance Transfer: HDFC Bank’s easy balance transfer helps you to transfer your existing personal loan to HDFC Bank which offers you lower interest rates and better EMI option.

HDFC Bank Personal Loan Eligibility Criteria

There are eligibility criteria set by HDFC Bank for their personal loan:

    HDFC Bank Personal Loan Details
    Salaried Employees Yes
    Salaried Doctors Yes
    Employees of public and private limited companies Yes
    Government sector employees including Public Sector Undertakings, Central and Local bodies Yes
    Loan for Pensioners No
    Loan for Existing Customers Yes
    Self-Employed Yes
    Selected Corporate No
    Other Criteria Individuals who have had a job for at least 2 years, with a minimum of 1 year with the current employer
    Minimum Age 21 years
    Maximum Age 60 Years at the maturity of loan
    Minimum Income Requirement ₹15,000/month (₹20,000 in Mumbai, Delhi, Chennai, Hyderabad, Pune, Kolkata, Ahmedabad, C

HDFC Bank Personal Loan Strengths/Advantages

  • Hassle-free processing of loan online on the website or via NetBanking.
  • Instant disbursal of the loan in 10 seconds, if you are HDFC customer or in 4 hours for others.
  • Best interest rates (10.75% minimum)
  • Flexible tenure (starting from 1-year minimum to 5 years maximum)
  • Collateral-free loans

HDFC Bank Personal Loan Weaknesses/Disadvantages

  • Overdue interest of 2% on EMI or principle overdue
  • Maximum loan amount is 15 Lakhs only.

Request call back from HDFC Bank Personal Loan

HDFC Bank Personal Loan Products & Services

HDFC Bank offers the following products and services:

  • Personal Loan

  • Personal loan of HDFC Bank is a life saviour during the financial crisis because it is available instantly. It falls under the unsecured loans category which does not require collaterals and thus enables quick disbursement. You can avail this loan for wedding expenses, vacation, home renovation, unplanned medical expenses, etc. You can put your personal loan application via HDFC Bank online personal loan facility with an amount ranging between Rs 50,000 to Rs 15 lakh and flexible tenure. You will get speedy approval from the bank and there is minimal documentation required for this.

  • Home Loan

  • You can build, buy, renovate or redecorate your home with HDFC Bank’s home loans which offer attractive interest rates, transparent charges, quick processing and easy repayment options. The bank offers specially designed home loans to agriculturists, planters, horticulturists, and dairy farmers. You can get the loan from Rs 1 Lac to Rs 1 Crore with an interest rate ranging in between 5.00% to 15% for up to 30 years. The applications can be made individually or jointly for HDFC Home Loan.

  • Business Growth Loan

  • You can avail the business growth loan up to Rs 50 Lakh from HDFC Bank without any collateral, guarantor or security to fulfil your dream of expanding your business and capital. The loan is available at the interest rate of minimum 11.90% and maximum 21.35% to Self employed individuals, Proprietors, Private Ltd. Co. and Partnership Firms. The applicant should be at least 21 years at the time of applying for the loan and should be no older than 65 years at the time of maturity of the loan.

  • Two Wheeler Loan

  • Yearning for a two-wheeler but your finances not supporting you? Then HDFC Bank is there to provide you two-wheeler loan at a competitive interest rate of 20.90%. The loan amount ranges in between Rs 20,000 to Rs 2 Lakh for 12 months to 36 months. it is available for the individuals who are a minimum of 21 years of age at the time of applying for the loan, and no older than 65 at the end of the loan tenure.

  • EasyEMI Consumer Loan

  • HDFC Bank helps its customers to achieve multiple goals by providing them with easy EMI consumer loans. It offers attractive interest rates, flexible tenures and repayment options, minimal documentation and quick disbursals so you can buy your favourite gadgets, home, car or bike. This loan is also available for enhancing lifestyle and for lifecare.

  • Super Bike Loan

  • Do you also dream for superbikes such as Benelli to Harley Davidson, Kawasaki to Royal Enfield? HDFC Bank’s specialized Super Bike Loan gives you the opportunity to own the vehicle you've always wanted with the amount ranging in between 2 Lakh to 35 Lakh. The loan is provided at an interest rate of 11.99% for 12 months to 60 months. It is available for salaried employee and self-employed both.

  • Car Loan

    In this mobile world, we often think to buy a car, either new or pre-owned to make life easy but couldn’t due to lack of finances. So, HDFC Bank has come up with a new car and pre-owned hassle-free car loans and also helps you in finding a perfect car. HDFC Bank Car Bazaar has a wide range of listings from preferential dealers across the country. You can search for your dream car by brand, location, EMI, etc.

    Attributes New Car Loan Pre-owned Car Loan
    Loan Amt Rs.1 Lakh onwards Rs 50,000 onwards
    Max. Amt of Loan Rs 3.5 Cr Rs 50 Lakh
    Interest Rate 8%-13% p.a. 14.50%-17.50%p.a.
    Loan Tenure 1 to 7 years 12 months to 60 months
  • Educational Loan

  • Fulfil all your ambitions with easy educational loans by HDFC Bank. You can take educational loans both for Indian as well as foreign studies and get preferential rates for top-ranked colleges and universities. You can get the loan of up to 7.5 Lakhs without collateral and get up to 20 Lakhs for foreign education.

  • Rural Loan

  • HDFC Bank has customized rural loans specifically for the agriculturists. It also provides a Kisan Gold Card for a wide range of agriculture products and services. You can withdraw up to ? 15,000 and spend up to ? 25,000 a day at merchant outlets on this loan. The bank also provides tractor loan highly competitive interest rates and processing charges.

HDFC Bank Personal Loan Feature

HDFC Bank Personal Loan offer various services, please find below the list of features offered by the vendor.

    HDFC Bank Personal Loan Details
    Personal Loan Yes
    Wedding Loan Yes
    Education Loan Yes
    Home Renovation Loan Yes
    Two Wheeler Loan Yes
    New Car Loan Yes
    Used Car Loan Yes
    Travel Loan Yes
    Medical Loan Yes
    Top Up Loan No

HDFC Bank Personal Loan Charges

Here is the detail charge list for HDFC Bank Personal Loan process. We have covered all possible charges for your loan requirements for clear visibility on HDFC Bank Personal Loan processing.

    HDFC Bank Personal Loan Details
    Co-Applicant Allow No
    Income Criteria Yes
    Collateral Requirement No
    Pre Approved Credit Limit Up to Rs 8 Lakh
    Foreclouser Charges 13-24 months - 4% of principal outstanding, 25-36 months - 3% of principal outstanding >36 months -
    Loan Foreclouser Conditions NIL
    Bounce Charges Rs. 550 per cheque bounce
    Bounce Charges Self Employed NA
    Late Payment Penalty 2% per month
    Duplicate NOC Charges At actual
    Stamp Duty Charges As per laws
    Instrument Swapping Charges Rs 500
    Loan Cancellation Charges Nil
    Stamp Duty Charges As per laws
    Loan Rebooking Charges Rs. 1000/-
    Statement Of Account Charges NA
    Duplicate Repayment Schedule NA
    EMI Payment Mode Standing Instruction (SI) Electronic Clearing Service Post-dated cheque
    Overdue Payment Mode
    Hidden Charges NA

HDFC Bank Personal Loan Customer Care Details

  • Customer Support Email - NA
  • Customer Support Toll Free No - 61606161 /6160616
  • Customer Support Chat Facility - Yes
  • Customer Support Whatsapp Number - NA

HDFC Bank Personal Loan Calculator and Download Links

HDFC Bank Personal Loan Application Process Details

    For new customers:

    • Head to the official link from your web browser link or signup into your HDFC Bank mobile application > Personal Loan > Apply Online
    • Fill your mobile number & DOB or PAN Card details registered with HDFC Bank and you will get an OTP.
    • After logging in to the account with OTP, enter the desired loan amount.
    • You have to upload the required documents, such as PAN Card and address proof.
    • As you get loan approval, the funds will be disbursed to your account.

    For existing customers:

    • Head to the official web link to apply for HDFC Bank Personal Loan by logging into your account.
    • All your documents are already available with the bank as you have an account with them.
    • Enter your basic details, such as your Name, Email ID and Phone number, and submit the form.
    • HDFC Bank customer representative will call you for the loan.

HDFC Bank Personal Loan Documents Requirements

Please find below the list of documents required to avail personal loan. Aadhar, PAN and Income Proof are the most important documents, other documents are optional. Bleow is the complete list of documents you can keep ready for your loan application.

    HDFC Bank Personal Loan Details
    Age Proof Copy of Passport/Driving License/Aadhar Card
    Address Proof Copy of Passport/Driving License/Aadhar Card/Voter ID/Ration Card
    Identity Proof Registered Rent Agreement/Utility Bills last 3 months/Copy of Passport/Copy of Ration card
    Income Proof for Salaried Emp Salary slip of last 3-6 months, ITR or Form 16, 6 month bank statement
    Income Proof for Self Emp IT returns for the last 2 years along with audited balance sheet, P&L account statement for 2 years

Apply for Instant Personal Loan

Do you know you could opt for personal loan from your mobile? Now taking personal loan is very easy. Oue expert team compare top personal loan service in India to help in getting personal loan with minimum paperwork.

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Last Updated on 2020-05-21T03:51:36+00:00

HDFC Bank Personal Loan FAQs

  1. 1. Does HDFC Bank provide instant personal loan?

    If you are already a customer of HDFC Bank and want to take an instant loan from it, you need to take the pre-approved loan. This loan is available in 10 seconds to those who own the credit card of HDFC Bank and the amount of loan depends on their spending as well as credit score.

     

  2. 2. How to repay HDFC personal loan?

    You need to pay HDFC personal loan through Equated Monthly Installments (EMIs). The loan repayments can be done through post-dated cheques, ECS, or via a standing instruction to debit the repayment amount from your HDFC Bank account.

     

  3. 3. What is the repayment tenure for HDFC Bank personal loan?

    The repayment tenure of HDFC Bank personal loan is in between 1 year to 5 years. This tenure depends on your interest rate and the amount of loan you have taken from the bank.

     

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