HDFC Bank

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

Rate of Interest

  • Floating rate of Interest : 15.75 p.a. to 20 % p.a.

Eligibility Criteria

  • Minimum 21 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 2.50% 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 HDFC Bank

HDFC Bank is one of the India’s Premier financial institutions offering services in the areas of personal banking, corporate banking, insurance, trading and investments. HDFC offers hassle-free loans at attractive interest rates with benefits of easy EMIs, speedy loan approval, credit shield and disbursal in a minimum time of 2 days. It was founded in 1994 by the housing development finance corporation (HDFC).

Your Eligibility depends on following


You should be minimum 21 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

Rate Of Interest

1

Personal Loan

15.75 % to 20 % P.a.

Existing Loan take over or New Loan

Here are some points for this:

  • Maximum eligibility
  • Special offers for employees of over 50,000 companies
  • HDFC Bank offers special schemes and discounts for employees of large companies
  • Fast disbursement
  • HDFC Bank has over 4,972 branches in India where you can avail service
  • Lowest interest rate available
  • HDFC Bank has been rated 4.2/5.0 by customers for its service quality on My Loan Care

Features of Loan

 Features  of Loan:

  • Personal loan security
  • Convenient Borrowing
  • Transfer loan Balance with ease
  • Fulfil your every need
  • Stay Protected
  • Quick Eligibility Check & Disbursal

The documents required for personal loans from HDFC Bank:

For salaried persons:

  • Application form with a recent photograph
  • Proof of Identity (Passport Copy/ Voter ID card/ Driving License/ PAN Card)
  • Address Proof (Ration card/ Telephone Bill/ Electricity Bill/ Rental agreement / Passport copy/ Bank Passbook or Statement/Driving License)
  • Age proof (PAN Card, Passport, any other certificate from a statutory authority)
  • Bank Statements (Bank statement / Bank Passbook for last 6 months) OR Last 3 months salary slip
  • Form 16
  • Income Tax Returns for last 3 years
  • Processing fee cheque

For The Self-employed:

  • Application form with a recent photograph
  • Proof of Identity (Passport Copy/ Voter ID card/ Driving License/ PAN Card)
  • Address Proof (Ration card/ Telephone Bill/ Electricity Bill/ Rental agreement / Passport copy/ Bank Passbook or Statement/Driving License)
  • Age proof (PAN Card, Passport, any other certificate from a statutory authority)
  • Proof of business existence
  • Bank Statements (Bank statement / Bank Passbook for last 6 months)
  • Profit and loss statement for last 3 years
  • Balance sheet for last 3 years
  • Income Tax Returns for last 3 years (for self and business) duly certified by a CA
  • Processing fee cheque