HDFC BANK SPECIAL MONTHLY OFFERS

OFFERS FOR SALARY OFFER FOR RATE OF INTEREST PROCESSING FEES OFFER
SUPER PLATINUM CORPORATE OFFER ALL CATEGORY 11.99% 1999/-
PLATINUM CORPORATES <35K 12.49% 1.25%
>=35K 10.99% 0.99%
KEY RELATIONSHIP COMPANIES HDFC SALARY ACCOUNT HOLDERS 13.99% 1.00%
OTHER SALARY ACCOUNT HOLDERS 14.75% 1.25%
SPECIAL RELATION CORPORATES HDFC SALARY ACCOUNT HOLDERS 15.49% 1.50%
OTHER SALARY ACCOUNT HOLDERS 15.70% 1.75%
FOCUS INDUSTRY OFFER ALL CATEGORY 13.99% 1.00%
RELIANCE GROUP ALL CATEGORY 12.99% 0.75%
PSU BANK NTH>=50K 13.25% 1.50%
NTH>=35K 15.50% 1.50%
NTH>=20K 15.80% 1.50%
PRIVATE SECTOR BANK NTH>=75K 12.75% 2999/-
NTH>=35K 13.00% 2999/-
WORKING WITH CENTRAL/STATE GOVT NTH>=50K 14.74% 1.50%
NTH>=35K & <=50K 14.77% 1.75%
NTH>=20K 16.87% 1.75%
PSU CORPORATES ALL CATEGORY 12.5% – 13.5% 1.25% – 1.5%
RAILWAYS NTH>=50K 13.99% 1.50%
NTH>=35K 14.50% 1.50%
NTH<=35K 15% 1.50%
SPECIAL SCHEME FOR DEFENCE OFFICERS ALL CATEGORY 14.95% NIL
GOLDEN EDGE >=20 LACS 11.59% 3499/-
>=15 LACS – 19.99 LACS. 12.69% 3499/-
>=10 LACS – 14.99 LACS. 13.19% 3499/-

HDFC BANK PERSONAL LOAN

Founded in August 1994, the HDFC Bank today is one of the leading private sector banks in India. Having a network of  4,281 branches spread over 2,587 cities; HDFC takes pride in servicing a customer base of about 4 crore..

With its strategy of providing its customers convenient & affordable products through multiple channels, the bank has recorded high growth volumes in all its three business segments – wholesale banking, treasury and retail banking.

 

Providing a complete range of Banking & Financial services HDFC Bank continues to maintain its strong growth record.

WHY HDFC BANK FOR PERSONAL LOAN.

The Personal loan is a priority product for HDFC. At the time of the Economic slowdown of 2001-2002, most Banks completely stopped or were only marginally marketing & issuing Personal Loans. HDFC Bank stood steadfast in its policies carving a niche for its self. The current personal loan portfolio of the bank stands at Rs 41,000 crore.It is now undoubtedly the market leader.

A personal loan enables individuals to meet their needs of finance required to fulfil personal obligations & needs of a lifestyle.

With years of experience the HDFC Bank now has in place progressive policies & efficient systems. An applicant can be assured of a doorstep delivery of his personal loan processed in the shortest time period.

RATE CHART PERSONAL LOAN PROCESS FOR SALARIED CUSTOMERS.

Charges Applicable Details
Rate of Interest 11.29%-22% per annum @ monthly reducing balance.
Processing fees Minimum 999/- up to 2.5% maximum.
Pre Closure Charges After 12 months -4% of the principal outstanding.
After 36 months- 2% of the principal outstanding.
Loan cancellation charges Nil (However the processing charges will not be re funded.
Interest will be charged on the interim period of loan closure.
Cheque Bounce Charges Rs 550/- per cheque Bounce.
Charge for late payment 2% per month from date of unpaid EMI
Cheque swapping charges Rs 500/-
Amortization Schedule charges Rs 200/-
Stamp Duty At actual as per applicable law
CIBIL report copy charge Rs 50/- per copy.
Service Tax/Other Taxes At actual applicable presently or in the future.
Legal,reposession & incidental charges At actual.

*Yourloanadvisors.com provides services to its esteemed customers free of charge.

PERSONAL LOAN POLICY FROM HDFC BANK

The Personal Loan for salaried from HDFC Bank is available for all salaried individuals meeting the Basic Criteria as follows.

  • The Applicant should be an Indian Citizen.
  • Personal loans serviced to customers above the age of 21 years up to 58 years.

  • Should be gainfully employed, drawing a net salary of above 15,000/- net per month.

  • A Job experience or continuity of over 12 months should be established.

  • Proof of regular Salary credits should be available in the Bank Statement

  • Minimal Education Qualifications of Graduation or pre Graduation preferred.

PERSONAL LOAN ELIGIBILITY CRITERIA FOR HDFC BANK

As per the HDFC Bank Policy

  • HDFC Bank offers Personal loan as an unsecured loan without any security.
  • Loan amounts that can be issued is from 50,000/- up to 25, 00,000
  • Tenure for the Loan amount is from 12 months to 60 months
  • Net Salary of the Applicant: The monthly net salary or the income determines the Loan amount that the Bank will disburse. The applicant should be comfortable in meeting his/her monthly expenses after paying back the monthly Emi to the Bank.

Preferred Customers:

A discount in the rate of Interest & processing fees may be offered if the profile of the applicant falls under the following categories

  • The higher the Loan amount the lower the rate of interest. There is a special rate for higher loan amount above 10 lacs.

  • Individuals employed with companies featuring in the Top companies of the Economic Times List.

  • Applicants having their salary account with HDFC Bank.

  • CEO‘s & Department heads of Major Companies.
  • Doctors, Lawyers, Engineers.

PERSONAL LOAN PRODUCTS FROM HDFC BANK:

A personal loan application can be processed as;

  • Fresh Personal Loan for Salaried customers.

  • As a top up to the existing Personal Loan.

  • Parallel Loan.

  • Balance Transfer of a Personal Loan to HDFC Bank.

  • Golden Edge for High Income Customers.

  • Diva personal loan for Woman Customers.

The calculation for the loan amount is as per the monthly income under the following categories.

Monthly Net salary credited to bank
>=75000.00
>=50000 – 75000
>=35000-50000
>=20000 – 35000
< 20000
  • Company the Applicant is currently employed with:

Salaried persons are solely dependent on their Employer for a regular timely income. Hence the profile of the company plays a major role in deciding the Loan amount the applicant is eligible for.

  • CIBIL Score:

A healthy CIBIL score indicates a good credit history. Customers who are maintaining a good repayment record for their Loans & Credit Cards are treated as preferred Customers.  A minimum score 720 points & above is required to process a process Loan.

HDFC Bank maintains an exhaustive record of the prevalent company’s. They have been categorized under the following categories.

Company Category Limited /Pvt LTD,PSU
Super A
Category  A
Category B
Category C
Category D
Government Employees
Defence
NRI Customers
HDFC Bank Employees.

DOCUMENTS REQUIRED TO PROCESS YOUR PERSONAL LOAN FROM HDFC BANK.

Income Documents;

  • Salary Slip for the Last 3 months.

  • Bank Statement from Salary account for the last 3 months showing 3 salary credits.

  • Form 16 for the last financial year.

  • Pan card copy.

KYC Documents;

  • Photo Identification proof.(Passport/Driving Licence/Voter I.D./Adhaar Card/Ration Card)

  • Current Address Proof.(Bank Statement, Utility Bill, Rent Agreement)

  • Company I.D.

PERSONAL LOAN CALCULATER

Factors Applicable for Personal Loan Amount & Rate.
Age. EMI payable from 21 years of age upto 60 years
Loan Amount Eligible for. As per current obligations of other loans/Credit Cards
Net Salary. FOIR calculated up to 50% of net Salary
Current company As per the HDFC company category List
Tenure of Loan 12 months to 60 months.
CIBIL Score Score of 720 points or above.
Special Offers As per HDFC Bank current offers.
Product applied for. Fresh loan or Balance Transfer

*= Offer Valid till further notice.