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HDFC Bank personal loan which states “Jio Shaan Se” helps to get money without too much of a hassle. One can repay the loan over a period of time in pocket-friendly installments and can get quick disbursal with little or no paperwork. Personal loan is available quickly and easily for medical expenses or a wedding, foreign travel or study abroad fees, home renovation, or short-term cash.
These days, everyone can effectively turn their dreams into reality by opting for 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 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 for a personal loan which is just a few clicks away. A personal loan is available for any purpose, whether it's a 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 provides easy loan within 4 hours with interest 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 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.
There are eligibility criteria set by HDFC Bank for their personal loan:
HDFC Bank Personal Loan | Details |
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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 offers the following products and services:
Personal loan of HDFC Bank is a life saviour during the financial crisis because it is available instantly. It falls under the unsecured loan category which does not require collaterals and thus enables quick disbursement. One can avail this loan for wedding expenses, vacation, home renovation, unplanned medical expenses, etc. A person can put 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. It gets speedy approval from the bank and there is minimal documentation required for this.
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.
One can avail the business growth loan of up to Rs 50 Lakh from HDFC Bank without any collateral, guarantor or security to fulfil the dream of expanding 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.
HDFC Bank provides 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.
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 onecan buy his favourite gadgets, home, car or bike. This loan is also available for enhancing lifestyle and for lifecare.
Do you also dream for superbikes such as Benelli to Harley Davidson, Kawasaki to Royal Enfield? HDFC Bank’s specialized Super Bike Loan gives 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.
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 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 |
Fulfil all your ambitions with easy educational loans by HDFC Bank. Educational loan is available both for Indian as well as foreign studies and get preferential rates for top-ranked colleges and universities. Applicant can get the loan of up to 7.5 Lakhs without collateral and get up to 20 Lakhs for foreign education.
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. Person can withdraw up to Rs 15,000 and spend up to Rs 25,000 a day at merchant outlets on this loan. The bank also provides tractor loan at highly competitive interest rates and processing charges.
HDFC Bank Personal Loan offer various services, please find below the list of features offered by the vendor.
HDFC Bank Personal Loan | Details |
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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 |
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 |
In this section we have listed all important links related to HDFC Bank Personal Loan.
HDFC Bank Personal Loan | Details |
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Banks | |
Charges Information | Link |
Personal Loan Eligibility Calculator Link | Personal Loan Calculator Link |
Personal Loan EMI Calculator Link | Personal Loan EMI Calculator Link |
Education Loan EMI Calculator Link | Education Loan EMI Calculator Link |
Car Loan EMI Calculator Link | Car Loan EMI Calculator Link |
Product Demo Link | NA |
Website Link | Website Link |
Android App Downlaod Link | Android Mobile App Download |
iOS App Downlaod Link | iOS Mobile App Downlaod |
For new customers:
For existing 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.
HDFC Bank Personal Loan | Details |
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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 2020-12-26T10:07:08+00:00
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.
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.
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.