HDFC Bank offers personal loans up to Rs.40 Lakhs to salaried or self-employed individuals at starting interest rate of 11% per annum, with flexible repayment tenure of up to 5 years and you will get disbursement with less paperwork.
Features of HDFC Bank Personal Loan
Get a personal loan quickly- From HDFC Bank other customers can get a loan within 4 working days but get funds in 10 seconds if you are a pre-approved customer.Simple application process- Their personal loan application process is easy, you can make a personal loan application online in just a few clicks.You can protect yourself with insurance- Borrower can avail of personal accident cover of up to 8 Lakhs, and critical illness cover of up to Rs.1 lakh. The premium for these policies will be deducted from the loan amount during disbursal with applicable taxes.HDFC Bank personal loan balance transfer- You can easily lower your personal loan EMI by doing a balance transfer to HDFC Bank.Acquire 24X7 assistance anywhere- For any help with your personal loan, you can reach out to them via Whatsapp- 70700 22222, Webchat, Click2Talk, and PhoneBanking.HDFC Bank Personal Loan Eligibility Criteria
The following are eligible standards to apply for a HDFC Bank Personal Loan:
Occupation- Borrowers must be employees of private limited companies, and public sector undertakings, including central, state, and local bodies.Age Limit- Individual’s age must differ between 21 years to 60 years.Required work experience- Borrowers who had a job for at least 2 years, with a minimum of one year with the current employer.Minimum income- Individuals who earn a net income of Rs.25,000 per month.HDFC Personal Loan Interest Rate
HDFC personal loan interest rates differ between 11.00% p.a. to 21% p.a. The final interest rates offered to the loan applicant would change according to the CIBIL score, net monthly income, job profile, employer’s profile, etc.
HDFC Bank Personal Loan- Loan Amount, Loan Tenure, Processing Fees, and Other Charges
Loan Amount
Rs.50,000-Rs.40,00,000
Loan Tenure
1 year-5 years
Processing Fees
Up to Rs4999/-
Foreclosure charges or part payment charges
Tenure of 13-24 months - 4% of principal outstanding
Tenure of 25-36 months - 3% of principal outstanding
More than 36 months - 2% of principal outstanding
Overdue EMI interest
2% p.m. on EMI / Principal Overdue
Loan Cancellation Charges and Rebooking Charges
NIL for Loan cancellation (client would be charged interest for the interim period between the date of the loan disbursement and loan cancellation and Processing Fees would be retained.). Rs.1000 for rebooking the loan.
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