|₹ 10 lakhs +
Apply with the most experienced HDFC Bank Personal loan agent in Faridabad, for a smooth and expedited process.
HDFC Private loan provider disburses a personal loan within the shortest time frame.
The maximum Personal Loan amount you can get is ₹ 40 lakh. However the Bank decides your eligibility depending on your loan history, CIBIL Score, and loan tenure.
HDFC offers a variety of choices through which you can repay your loan amount, like Equal Monthly Instalments (EMIs), post-dated cheques, electric clearance service (ECS), and standing instructions to debit EMIs from your HDFC Bank account.
You will get preference, a low-interest rate, less processing fee, minimal paperwork, and speedy approval if you already have a salary account in any HDFC Bank.
No collateral is needed to get a Personal Loan From HDFC Bank. Your loan approval entirely depends on your loan history, repayment capabilities, CIBIL Score, etc.
Essential documents required while applying for HDFC Personal Loan are identity proof, address proof, a six-month bank statement, and a salary slip with the current FORM 16.
The Rate of Interest is different for every Applicant. The Bank decides it based on the individual's monthly income, repayment capabilities, and loan tenure. Usually, the interest rate ranges from 10.65% to 18%.
You can start repaying your Loan after 12 months of loan sanction. The Bank also allows you to foreclose your Loan after paying 12 EMIs by issuing a demand draft.
You will have to pay a service charge of Rs. 500 if you want to change the repayment mode of your HDFC Personal Loan.
Along with low-interest rates and flexible repayment tenure, HDFC Bank offers other benefits along with Personal Loans like accident insurance of Rs. 8 lakh and critical illness cover of Rs 1 Lakh without additional charges.
The Bank checks all the submitted documents before approving a Personal Loan. Therefore, you can expect the disbursal of your Loan within four hours of loan approval.
The pre-payment of the Personal Loan is allowed only after paying 12 EMIs of your Loan. However pre-payment is only allowed twice in the entire tenure, once in a single financial year. Also, the pre-payment should be at most 25% of the principal loan amount.
You can visit HDFC Bank Services or call on our 24/7 helpline number. You can get any information regarding your HDFC personal loan by mentioning the loan details, like loan account number, Applicant's name, etc., to our bank executives.
HDFC Bank offers Balance Transfer Facilities to applicants having a Personal Loan with a high-interest rate. This facility lowers the Loan EMI on the existing loan.
The HDFC Bank accepts documentation online to process a Personal Loan request as with the digitalization of procedures, Banks sanction loans speedily and disburse funds online.
The Significant Criteria Considered For a Personal Loan From HDFC Bank include the following:
The HDFC Bank Calculates The EMI For a Personal Loan With The Following Inputs:
Our EMI Calculator Will Help You Calculate Your EMI Instantly.
The HDFC Bank permits an applicant to repay the entire loan amount and foreclose the Personal Loan account after the payment of a single installment.
The EMI for a Personal Loan From HDFC Bank is calculated with the Loan Amount approved the tenure applicable and the Interest rate applicable. The EMI will vary with the change of any input. Applicants can calculate the EMI for a Personal Loan conveniently with the help of our EMI calculator.
HDFC bank account holders and applicants holding a salary account in external Banks can apply for an HDFC Personal Loan, Online or by submitting hard copies of the documents required.
HDFC Bank processes applications from all HDFC Branch Locations in Metro cities including Delhi NCR locations such as NOIDA, Gurgaon, Ghaziabad, and Greater NOIDA.