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HDFC Personal Loan
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Why avail a Personal Loan from HDFC Bank?
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Quick personal loans-Experience express loan processing, easy documentation, quick disbursal and doorstep service
- Competitive pricing -Benefit from competitive loan rates and convenient repayment options
- Transparency -Zero hidden charges, reasonable processing fees and utmost clarity on the loan process with up-to-date information about the loan application at each stage
Features
- Highly competitive personal loan interest rates
- Special offers, interest rates and charges for HDFC Bank account holders
- Special personal loan offers* for women employees
- Walk in Loan: Walk in to the branch with your documents and get Personal Loan in a day!, at select branches.
- Convenience of contacting us through SMS, Webchat, Click2Talk, PhoneBanking and across all branches
- Personal loan eligibility in 1 minute available online and across all branches
Benefits
- Simplified documentation
- Personal loan disbursal in 2 days
- Competitive pricing
- Transparency
- Personal loans available for various needs
Personal Loan Eligibility and Documentation
Learn more about the eligibility criteria andthe documents required for availing a HDFC Bank personal loan.
The documentation for a HDFC Bank personal loan varies from individual to individual. The requirements are based on your profession, income and loan requirement.
Do you receive a regular salary?
This category includes salaried doctors, CAs, employees of private limited companies, employees from public sector undertakings including central, state and local bodies.
You should:
- Be 21-60 years of age.
- Have had a job for at least 2 years, and a minimum of 1 year with your current employer
- Be earning at least Rs. 12,000/- per month net income (Rs. 15,000/- in Mumbai, Delhi, Bangalore, Chennai, Calcutta, Ahmedabad, cochin)
Personal Loan Interest Rates & Charges
| Fee |
Amount to be Paid |
| Rack interest rate |
Salaried - 15.75% to 20%
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| Loan processing charges |
Up to 2.50% of the loan amount subject to a minimum of Rs. 1,000/- & Maximum of Rs. 25000/- for Salaried Customers.
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| Prepayment |
Salaried - No pre-payment permitted until repayment of 12 EMIs
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| Pre-payment charges |
Salaried - 13-24 Months - 4% of Principal Outstanding,
25-36 Months - 3% of Principal Outstanding
>36 Months - 2% of Principal Outstanding |
| No Due Certificate/No Objection Certificate (NOC) |
NIL |
| Duplicate of No Dues Certificate/NOC |
NIL |
| Solvency Certificate |
Not applicable |
| Charges for late payment of EMI |
24% per annum on amount outstanding from date of default |
| Charges for changing from fixed to floating rate of interest |
Not applicable |
| Charges for changing from floating to fixed rate of interest |
Not applicable |
| Stamp duty & other statutory charges |
As per applicable laws of the state |
| Credit assessment charges |
Not applicable |
| Non standard repayment charges |
Not applicable |
| Cheque swapping charges |
Rs 500/- |
| Amortization Schedule charges |
Rs 200/- |
| Loan cancellation charges |
NIL (However client would be charged interest for the interim period between date of loan disbursement and loan cancellation and processing fees would be retained.) |
| Cheque bounce charges |
Rs. 550/- per cheque bounce |
| Legal/incidental charges |
At actual |
| CIBIL Report Copy Charges |
Rs.50 per copy |
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