Hdfc bank personal loans

Personal loan is the one among all the credit products which remains in demand throughout the year. It is the best-selling financial product for which most of the people went for in last two years

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1. HDFC Bank Personal Loans What Makes it Worthy of Your Choice?

2. Personal loan is the one among all the credit products which remains in demand throughout the year. The reason behind it’s over increasing demand and need is its unsecured nature and quick processing.

3. Personal Loan from HDFC Bank come with a number of additional benefits and offers. HDFC Bank is best known for their easy loan application processing and wide range of branch network in every town and city. HDFC Bank branches can be found even in many Indian villages.

4. What Makes HDFC Bank Personal Loan Worthy of Your Choice ? Quick Loan Disbursal HDFC bank offers one of the fastest loan disbursal. You will get to know this if you compare HDFC Personal loan with the personal loans available by the other banks and NBFCs. The time taken by HDFC to disburse your Personal Loan Is a maximum of four hours.

5. Low Interest Rates HDFC Banks offer applicants a competitive interest rates for the loans available for salaried, working professionals, self-employed individuals . Personal Loans from HDFC start at a minimum rate of 15% and goes to a maximum of 23.52% p.a. The  interest rate offered to any individual totally depends on their CIBIL and eligibility.

6. Online Loan Application HDFC Bank uses updated technology and offers personal loan. Each and every step of availing a personal loan from HDFC Bank goes in a online process. All these upgradation makes it easy for the borrower to avail this loan.

7. Low Prepayment Charges HDFC Bank offers Personal Loan at lower prepayment charges. One of the additional feature is that the Prepayment charges are completely waived off after a period of 36 months.

8. Minimal Documentation The documentation process with HDFC Bank regarding the Personal Loan is minimal. If the borrower is already an existing customer of HDFC he/she needs to provide only the basic details . But if the borrower is new to HDFC, there will be a documentation process. Whatever documentation is needed is done on the online portal itself. 

9. Assured Transparency  Interest Rate  15.75% to 20% P.A Loan amount INR 50,000 to INR 15,00,000 Tenure Period 12 months to 60 months Fees and charges  2.50% of the total loan amount Pre-payment Charges 13-24 Months – 4% of  Outstanding amount 25-36 Months – 3% of Outstanding amount >36 Months – 2% of Outstanding amount

10. Who is Eligible for a HDFC Personal Loan?   Salaried individuals who are doctors, CAs or the employees of private companies, employees from public sector undertakings, including central, state and local bodies . The age of the applicant should be 21 year to 60 year . The applicant should be employed for at least 2 years and should be in the current company from at least 1 year.

11. The applicant should have a minimum salary of INR 15,000 per month and it should be INR 20,000 if the applicant is living in Delhi, Mumbai, Bangalore, Chennai, Hyderabad, Pune, Kolkata and Ahmedabad . If the applicant is self-employed, his/her minimum age for getting the loan should be 21 year to a maximum is 65 years.

12. HDFC Personal Loan Top Up A top up loan can be provided in handy when the borrower need an extra cash in addition to the loan amount which was sanctioned to borrower earlier. The borrower has to pay a consolidated EMI for both the previously approved loan and for the top up loan, covering the total loan amount.

13. Some of the key features of HDFC personal loan top up facility are- Easy and simple process. This option is available to both existing customers and new customers under the balance transfer facility. Easy repayments. Attractive interest rates. Provided for any personal need. No collateral or security is required. Easy approval and quick disbursal Minimal documentation.

14. Taking about its availability Personal Loan is now offered by almost each and every Bank and NBFC. But  HDFC Bank personal loan   has reached to a next level.