HDB Financial Services

Bank Name
Interest Rate Range
Processing Fee Range
Loan Amount
Tenure Range
Action

Rate of Interest

  • Floating rate of Interest : 15 % p.a. to 24% p.a.

Eligibility Criteria

  • Minimum 22 years of age and maximum 60 years
  • Loan period from 1 years to 5 years
  • Should be either salaried or self-employed and have regular source of income
  • Should have sufficient income to pay EMI on required loan
  • Applicant must be Indian Citizen, in case of NRI or person of Indian origin it should be properly documented

Fees and Charges

  • Processing Fees 1.00 % to 3.00% depends on type and category of borrower
  • Preclosure Charges – Rs 0
  • Part Payment charges- Rs 0
  •  No any other hidden charges

Documents Required

  • KYC- Pan Card, Adhar Card, ID Proof and Address proof
  • ITR with computation for 3 years with Income proof
  • Bank Statement
  • Photograph
  • 2 references

Value Additions

  • Doorstep services
  • E- approvals
  • Part payment allowed

Special Feature

  • No guarantor required
  • No pre-closure or part payment fees
  • Balance Transfer Allowed
  • Top up available

Overview about HDB Financial Services

HDB Financial services limited are a Non-banking financial company. It is provides financing, collection, and insurance services in India. HDB Finance personal loan offers loan amount up to Rs 20 lakh and also with competitive interest rates and doorstep services. HDB financial services become a favourite pick for personal loans. It is incorporated in 2008, The Company operated through lending business and BPO services segments.

Your Eligibility depends on following


You should be minimum 22 years old

You should be maximum 60 years old

You should be salaried or self employed

You should have sufficient income to pay EMI on required loan

You can increase your eligibility by doing following

Choose longer tenure of loan period maximum upto 5 years
Make your spouse as co applicant , her/his income will also be added in eligibility
EMIs of other loans loweryour eligibility
Choose maximum amount for loan

Rate of Interest and Other Charges for Personal Loan are following

Rate Of Interest:

Sno.

Loan Type

Interest Rate

1

Personal Loan (Floating)

15.00  % to 24.00 % p.a.

Existing Loan take over or New Loan

Here are some point for this:

  • Best in class interest rates
  • Quick processing & Disbursal
  • No requirement of collateral/guarantor
  • Simple documentation
  • No guarantor/security required
  • Enjoy the convenience of doorstep service
  • Easy monthly repayment

Features of Loan

Features of Loan:

  • Individuals can opt for personal loans upto Rs 20 lakhs.
  • Convenient door step services.
  • Hassle free documentation facilitating prompt processing of loans.
  • Exclusive offers to the employees of the companies selected by the bank.
  • Competitive rate of interest.
  • The repayment tenure ranges from 12 months to 60 months.
  • No guarantor is required

For application of HDB Personal Loan, self-attested copies of the following documents are solicited:-

  1. The Signed application form duly filled with photograph
  2. ID/ Age Proof - PAN Card/ Passport/ Aadhar Card and Residence Proof – Passport/ Utility bills/ Bank Statements.
  3. Passport Size Photo

For Salaried individuals:

  1. Last 2 years Form 16 or Income Tax Returns
  2. Last 3 months salary slips
  3. Last 6 months bank statement reflecting salary credits
  4. Appointment letter from the current employer
  5. For Professionals- Qualification Proof, Registration with Professional council etc.
  6. Identity Card and Business Card of the Current Employer

For Self Employed Individuals:

  1. Proof of Business- Shop and Establishment Certificate/Vat Registration Certificate/ Service Tax Certificate
  2. Last 3 years IT tax returns with profit and loss account and balance sheet duly audited by CA
  3. Latest 12 months bank statement- Savings Account and Current Account
  4. Existing Loans Sanction letters accompanied with repayment track
  5. Business profile on the letterhead of the company