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Whether planned or unplanned, some financial expenditure can take place at any point of time and many times, we are often not ready for them. Therefore, HDB Financial Services have brought you the personal loan for the amount up to ₹20 Lakh.
HBDFS is a non-banking financial company which is accredited with CARE AAA & CRISIL AAA ratings for its long-term debt & Bank facilities and an A1+ rating for its short-term debt & commercial papers, making it a strong and reliable financial institution.
Everyone needs a quick personal loan, either emergency or not to start working on the things for which they are taking the loan. So, HDB Financial Services has come up with a personal loan for the amount up to₹20 Lakh at the hassle-free process. HBD Financial Services personal loan serves the multiple purposes for both, salaried and self-employed individual. Salaried individuals can get the loan for wedding, home renovation, planning a holiday, opening one’s own venture, etc. Self-employed can get the new investment, short term working capital needs, etc. other than their personal needs.
The collateral-free personal loan by HBD Financial Services is available at attractive interest rates ranges in between 13.99% (minimum) to 36% (maximum) per annum with flexible repayment tenure. It will help you with all your financial needs through quick processing and speedy loan disbursal.
HBD Financial Services Personal Loan provides easy loan within 48 hours with interest 13.99% p.a. onwards. Below table gives the complete details of Personal Loan.
| HBD Financial Services Personal Loan | Details |
|---|---|
| Loan Category: | Personal Loan |
| Loans Offering: | Personal Loan, Marriage Loan, Holiday Loan, Medical Loan, Home Renovation Loan |
| Loan Type: | Unsecured personal loan |
| Interest Rate: | 13.99% p.a. onwards |
| Processing Fee: | Up to 2% + GST |
| Approval Process: | Both online and offline |
| Minimum Income Requirement: | ₹20,000 |
| Loan Approval Timing: | 48 hours |
| Minimum Loan Amount: | ₹50,000 |
| Maximum Loan Amount: | ₹20 Lakh |
| Minimum Loan Period: | 12 months |
| Maximum Loan Period: | 60 months |
| Type of Interest Rate: | Fixed Interest Rate |
| Interest Charging Method: | Reducing balance method |
There are eligibility criteria set by HBD Financial Services for their personal loan:
| HBD Financial Services 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 | Minimum Annual Income: ? 100000/- p.a. for Metro Locations & ? 75,000/- p.a. for non-metro locations. |
| Minimum Age | 22 years |
| Maximum Age | 65 years at the time of maturity of the Personal Loan |
| Minimum Income Requirement | ₹20,000 |
HBD Financial Services offers the following products and services:
Personal Loan by HBD Financial can get you a personal loan up to Rs 20 Lakh for 12 to 60 months. This amount can be used for multiple personal purposes such as wedding expenses, vacation, home renovation, unplanned medical expenses, etc.
Home renovation is always an expensive affair and one definitely needs extra money which can be provided by HBD Financial Services. It offers loan at minimal and quick documentation with its quick personal loan application process.
HBD Financial Services know that you want your wedding to be perfect and be completed without any load of finances. Therefore, it is providing wedding loan to cover all your marriage expenses starts from shopping to the venue, food and gifts, etc.
If you want to start a new venture or want to expand the old one, HBD Financial will help you to provide loan for your business. Based on your documents and eligibility, you will get the amount instantly at the lowest possible interest rate.
Vacations are best for life and therefore, one should go for it once wherever they want, because everyone has a dream place. So, HBD Financial Services offers you holiday loan at the best rates for 12 to 60 months for the amount up to Rs 20 Lakh.
HBD Financial Services Personal Loan offer various services, please find below the list of features offered by the vendor.
| HBD Financial Services Personal Loan | Details |
|---|---|
| Personal Loan | Yes |
| Wedding Loan | Yes |
| Education Loan | No |
| Home Renovation Loan | Yes |
| Two Wheeler Loan | No |
| New Car Loan | No |
| Used Car Loan | No |
| Travel Loan | Yes |
| Medical Loan | Yes |
| Top Up Loan | No |
Here is the detail charge list for HBD Financial Services Personal Loan process. We have covered all possible charges for your loan requirements for clear visibility on HBD Financial Services Personal Loan processing.
| HBD Financial Services Personal Loan | Details |
|---|---|
| Co-Applicant Allow | No |
| Income Criteria | Yes |
| Collateral Requirement | No |
| Pre Approved Credit Limit | NA |
| Foreclouser Charges | 4% of the outstanding amount |
| Loan Foreclouser Conditions | Permissible only after 6 months |
| Bounce Charges | ₹750 at every bounce cheque |
| Bounce Charges Self Employed | ₹750 at every bounce cheque |
| Late Payment Penalty | 2% per month3 |
| Duplicate NOC Charges | At actual |
| Stamp Duty Charges | As per laws |
| Instrument Swapping Charges | ₹750 |
| Loan Cancellation Charges | ₹1,000 |
| Stamp Duty Charges | As per laws |
| Loan Rebooking Charges | NA |
| Statement Of Account Charges | NA |
| Duplicate Repayment Schedule | ₹500 |
| EMI Payment Mode | Standing Instruction (SI), Electronic Clearing Service, Post-dated cheque |
| Overdue Payment Mode | NA |
| Hidden Charges | NA |
In this section we have listed all important links related to HBD Financial Services Personal Loan.
| HBD Financial Services Personal Loan | Details |
|---|---|
| Banks | NA |
| Charges Information | Link |
| Personal Loan Eligibility Calculator Link | Personal Loan Calculator Link |
| Personal Loan EMI Calculator Link | NA |
| Education Loan EMI Calculator Link | NA |
| Car Loan EMI Calculator Link | NA |
| Product Demo Link | NA |
| Website Link | Website Link |
| Android App Downlaod Link | Android Mobile App Download |
| iOS App Downlaod Link | NA |
For new customers:
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. The complete list of documents you can keep ready for your loan application.
| HBD Financial Services 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 |
Last Updated on 2020-07-09T11:21:38+00:00
