HDFC Bank is one of the most popular banks in India, known for its professional banking services. HDFC Bank is a market leader in personal loans as it offers a great feature & benefits to personal loan applicants. It could be used for a medical emergency, for home renovation, for family wedding expenses, for starting a new business, credit card bill payment or any other debt consolidation. HDFC Personal Loan is an Unsecured Loan, means you do not need to provide any assets (residential/commercial property) as security to avail the loan. HDFC Bank Personal Loan is one of the most accessible ways to satisfy your Immediate Financial Requirements. HDFC Personal Loans in Delhi-NCR are great when it comes to dealing with personal finance requirements. Use Personal Loan EMI Calculator to calculate monthly EMIs on the basis of Loan Amount, Interest Rate & Tenure.
HDFC Bank, which was incorporated in 1994, is the Largest Private bank in India by assets.
Personal Loan for Salaried Individuals employed with an
General Information
Loan Amount: Rs. 1 Lac to 40 Lacs
Rate of Interest (APR)*: 10.25% to 22.50%
Repayment Tenor: 12 Months to 60 Months
Processing Fees: 0.75% to 2.50% + GST as applicable
Prepayment/ Foreclosure: Nil (After 12 months) or 1% - 4% (Before 12 months)
Illustration: Rs. 1 Lac Loan on @10.25 with processing fees for 60 Months comes to Rs. 1,28,222/- Equated Monthly Instalment shall be: Rs. 2137/- only.
APR* - Annual Percentage Rate
| Salaried | Self Employed | Professional | |
|---|---|---|---|
| Age | 23 To 60 | 25 to 65 | 25 to 65 |
| Loan Amount | 1 - 75 Lacs | 1 - 40 Lacs | 1 - 40 Lacs |
| Tenure | 12 To 60 Months | 12 To 36 Months | 12 To 48 Months |
| Rate of Interest / APR [Annual Percentage Rate] | 10.25% To 13% | 14 - 16% | 12.5 -15% |
| Features | Part Payment & Foreclosure Facilities | Part Payment & Foreclosure Facilities | Part Payment & Foreclosure Facilities |
| Processing Fees | Rs. 2359/- To Rs.4759/- of Loan Amount + GST | 2% of the Loan Amount + GST | 2% of the Loan Amount + GST |
| Special | Eligibility 30 times of Salary / Nil Charges on Pre-closure after 12 months | Un audited Financial Considered. | Doctors/ CA/ Engineer, ICWA |
| Documentation | KYC's [PAN, Aadhaar, Residence Proof]; Financials [Salary Slips & Banking- Last 3 months] | 3 Yrs. Audited Financial/ KYC's | Financial + KYC's + Professional certificate |
| Eligibility |
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The following people are eligible to Apply for HDFC Bank Personal Loan:
HDFC Personal Loan Eligibility Criteria
| Particulars | Salaried | Self Employed | Professional |
|---|---|---|---|
| Age(Min-Max) | 23 - 60 | 26 -65 | 24-65 |
| Minimum Income | Rs. 25000/- | ITR Income Above 3 Lacs | Gross Receipts Above 10 Lacs |
| Co-applicant | Not Required | Not Required | NA |
| Loan Tenure | Min. 12 To Max. 60 Months | Min. 12 To Max. 60 Months | NA |
| Maximum Loan Amount | Max. 75 Lacs | Max. 20 Lacs (Up to Rs.50 Lacs in selected locations). | NA |
| Employment/Business Continuity | Graduate with Total work experience Min. 1 Year | 4 years Post Qualification experience for Doctors/ Chartered Accountants. 5 years Post Qualification experience for Company Secretary / Architect. | NA |
| CIBIL Score | Min. 700 & Above | Min. 700 & above | NA |
| Fee | Amount to be Paid |
|---|---|
| Rate of Interest | Salaried - 10.25% To 13% Monthly Reducing |
| Loan Processing Charges | Upto 2% of the loan amount subject to a minimum of Rs. 999/- |
| Cheque Bounce Charges | Rs. 550/- per cheque bounce |
| Cheque/ Instrument Swap charges | Rs 500/- |
| Prepayment/ Foreclosure Charges | Nil Forclosure charges applicable if loan amount >10 lacs & <10 lacs - 13 - 24 Months - 4% of Principal Outstanding, 25 - 36 Months - 3% of Principal Outstanding >36 Months - 2% of Principal Outstanding |
| Default Interest Rate | 2% per month on EMI / Principal overdue |
| Duplicate Statement Issuance Charges | Rs. 200/- |
| Duplicate Amortization Schedule Charges | Rs. 200/- |
| Duplicate Interest Certificate | Rs. 200/- |
| S(Provisional/ Actual) issuance Charges | NA |
TYPES of Personal Loan that customers can avail of:-
Fresh Personal Loan * Balance Transfer of a Personal Loan * Top up on Existing Loan
*Elite Customer Loan * Diva Loan for Women
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