HDFC Bank Personal Loan

HDFC Bank Top Corporate Offers

Special Benefits and Discounts are offered regularly by HDFC Bank for Personal Loan applicants. These offers target preferred segments and are based on customer profiles; applicants with a salary ₹ of 35k and above with an HDFC account are eligible for better terms.

HDFC Bank Golden Edge Offers

High-income customers with a salary of ₹ 75k and above are eligible for the unparalleled benefits of the HDFC Bank Golden Edge program. Rates are reduced further for loan requirements of ₹10 lakh and above with a minimal processing fee for HDFC Bank account holders.

Personal Loan Charges From HDFC Bank

Rate Of Interest

The Rate of Interest is the cost of the funds secured from HDFC Bank as a Personal Loan. It is the primary charge levied by HDFC Bank for the Personal Loan & ranges from 11.29% to 22% per annum. The rate of interest charged by HDFC Bank is calculated @ monthly reducing balance. The rate of interest levied by HDFC Bank depends on the following attributes-

The Net Income of the applicant

The higher the income of the applicant the Rate of Interest for the Personal Loan will be lower. An applicant earning a salary above 75k can get a Personal Loan at better rate of interest as compared to an income of 30k per month .A higher income indicates an ability to borrow larger amounts, & having a comfortable income makes the return of funds easier. Thus all high income applicants are considered to be preferred customers for HDFC Bank & are offered a lower rate of interest.

Loan Amount

The quantum of Personal Loan the applicant is eligible for or is approved as per the HDFC Bank process will determine the rate of interest the applied. Higher loan amounts are offered discounts on the interest rate, whereas individuals requiring minimal loan amounts will be given the loan as per the current rack rate. Loan amount of 10 lakhs & more are treated under the Golden edge programme with a special rate of interest & terms & conditions applicable.

Procesing Fees

The processing fees is the file charges levied by the HDFC Bank for processing the Personal loan request .The fee is not charged upfront & is only applicable if the loan is approved.

The processing fees is chargeable is 2.5% of the loan amount approved, discounts are available for

• HDFC Bank salary account holders.
• Segment with special offer for discounted processing fees.
• Loan amount of ₹ 10 lakhs & above.

Insurance

Personal Loans Insurance is available from HDFC Bank. It is advisable that the Personal Loan recipient avail the insurance facility: as in case of any eventuality the applicant is covered, & the family is not held responsible for the repayment of the Personal Loan amount. At a nominal premium the Personal Loan insurance provides a cover for accidents up to 8 lakhs & critical illness up to 4 lakhs.

HDFC Bank Personal Loan Pre Closure & Part Payment

HDFC Bank permits applicants to pay back the balance of the Personal Loan amount before the expiry of the tenure.

This manoeuvre is known as personal loan pre closure: the applicant has the option of paying back the principal balance of the Personal loan subject to the following terms:

• A minimum of 12 EMI’s should be paid.
• A penal charge is to be paid on the principal amount balance of the loan as per the disbursal terms.

The Part payment of a Personal loan involves the payment of a partial amount towards the principal balance of the personal loan amount. HDFC Bank permits part payments towards a Personal loan as per the following criteria:

• Part-payment will be allowed subject to loan tenure of 12 EMIs being paid.
• Part payment will be allowed maximum twice during the entire tenure of the loan
• Part payment is allowed only once a year.
• At any point in time, each part payment will not exceed 25% of Principal Outstanding.

HDFC Bank Charges Applicable towards a Pre closure/Part Payment of a Personal Loan

Age

To apply for a Personal Loan from HDFC Bank an applicant must be over 21 years of age. The maximum age limit up to which can EMI is 60 years. An extension is given for the Loan tenure up to the age of 62 years, if proof of retirement age from the Government, Ltd or private ltd organisation is submitted.

Educational Qualification

To be eligible for a Personal Loan from HDFC Bank the applicant should be a graduate from a recognised university or have an equivalent qualifications, or training. The proof certifying the same may be required when applying for a Personal Loan.

The minimum educational qualification is mandatory for a personal loan to be processed from HDFC Bank; any additional degree will add value to the application. Applicants who are post graduates or professionals are treated as preferred candidates, & are given enhanced loan amounts.

Income

The minimum salary earned by an applicant should be above 15k per month: this income is accepted for special categories such as HDFC Bank account holders, where as other individuals earning 21k & above per month are eligible to apply for a Personal Loan from HDFC Bank.

Bank Account

It is mandatory to have a salary account with a Bank: to which the salary is transferred by the employer month on month. Applicants who receive salary by cash in hand or bearers cheque are not eligible to apply.

Work Experience

Prior to applying for a Personal Loan from HDFC Bank the applicant must be gainfully employed for a period of 6 months to a Year as per the policy applicable to the company the applicant is currently employed with.

Current Employment

The company the Applicant is currently employed with should feature in the HDFC Bank company category list.

HDFC Bank processes Personal Loan applications of applicants working in Limited, Private Limited, Public Limited companies or a Government employee. Applicants who are employed with Proprietorship or Partnership companies are not eligible to apply.

The Company category list

The HDFC Bank offers a rate of interest as per the company category of the current employer of the applicant.

The company’s eligible for a Personal Loan from HDFC Bank are categorised as, Category A, B, C, D as per the order of preference. An applicant working in a category A company will be offered a lower rate of interest as compared to a category C company employee. A rate chart is published to establish the rate of interest offered to the company’s featuring in the HDFC Bank company category list.

Advantages Of a Personal Loan From HDFC Bank

Unsecure Loan

Personal loan from HDFC Bank is granted without any security or collateral. Funds are granted for personal usage on the basis of the Income, profile & the credit history of the applicant. Thus there is no need of mortgaging your property or keeping jewellery as guarantee to secure funds. A Personal loan is convenient way of securing funds needed.

Convinient & Flexible

A personal loan from HDFC Bank is convenient & flexible. The loan amount can be paid back conveniently via monthly installement; the EMI is automatically deducted through the ECS (electronic clearing systems) on a predetermined date month on month.

Flexible repayment options are offered to the applicant from 12 months to 60 months as per the customer choice & the terms of the Bank.

Quick Process

The process for a Personal loan from HDFC Bank is efficient & streamlined. Finance from a Personal loan from HDFC Bank can be achieved in 5 working days. Once the complete application is submitted, there is a turnaround time within which each stage in the process is completed. HDFC Bank account holders & applicants who have a previous relationship with the HDFC Bank can expect a faster decision: on completion of the process the funds are transferred to the salary account of the applicant electronically .Online facilities are available for HDFC Bank account holders to disburse their loan amount.

Minimal Documentation Required For Personal Loan Processing

The documents required for processing of a personal loan from HDFC Bank are simple & readily available. These include KYC & income documents. Various options are available for the photo identity & residence proof to be given.

Income documents include salary slips for details for the breakup of salary & statement of the Bank account to which the salary is being transferred. It is important to give clear copies of all documents & self attest the same before submission.

Loan Amount Can Be Used For Any Personal Requirement.

A personal loan as the name denotes is given for personal usage. The loan amount once granted can be used by the applicant as & when required without any restrictions: with the condition that the amount is being used for personal reasons & not for investment or speculation. The repayment of the loan being done on time, a further credit is easily available when the need arises.

Personal Loan Features From HDFC Bank

Loan Amount

The Loan Amount offered by HDFC Bank as Personal Loan start from 50k up to a maximum of 30 lakhs.

The minimum amount the customer may apply for is 50 k further the loan amount the Bank will approve is as per the eligibility calculations & policy of the Bank.

Tenure

The Tenure is the period of time within which the Loan amount appended is to be returned. The Tenure granted by HDFC Bank is from 12 months to 60 months, during this time period an installement has to be paid for returning the loan amount issued.

The personal loan tenure will be granted taking into account the following-

• The loan amount approved.
• The Instalment to be paid monthly.

Emi (Monthly installement)

The monthly EMI is the instrument for pay back of the personal loan amount. An applicant must be conscious of the EMI which is to be deducted month on month from the salary account. The EMI is presented to the salary account on a specific date, so it is important to make sure there are enough funds in the account on the due date.

Method of calculation of the EMI is Loan Amount + Interest amount is divided over the tenure applicable.

Hypothetical example

The HDFC Bank Company category list

This is an exclusive list of companies operating which are well established, running profitable ventures with a good future prospect.

To process a Personal loan from HDFC Bank the current employer of the applicant must feature in the HDFC Bank company list. If the applicant is working with a company which is not featuring in the HDFC Bank company list, the process for enlisting the company should first be followed.

CIBIL Score

The CIBIL score is the rating given to an individual, taking into account the credit dealings. The CIBIL is an agency which maintains a comprehensive record, receiving the data from all the Banks & NBFC‘s as per the credit provided to their customers. The repayments track & all other details regarding the credit taken are provided to the CIBIL on an ongoing basis. Whenever an application is received for credit, the lending organisation is able to access the credit history of the individual be making a request to CIBIL. The lender can then decide if the applicant is worthy of the credit request submitted.

HDFC Bank processes personal loan requests from applicants who have not availed any credit previously, & do not have a CIBIL rating. Applicants with a credit history should have a CIBIL score of 720 points & above to be eligible for a personal loan from HDFC Bank.

Special Offers

Applicants who have a salary account in HDFC Bank to which the company is transferring the monthly salary are offered Personal loans under a special policy which allows for:

• A net salary of 1500/- transferred to the HDFC account.
• A waiver of processing fees.
• A discounted rate of interest.
• A quick process for the personal loan.

HDFC Bank offers special rates to selected customer segments. The HDFC Bank special offers list consists of companies which are topping the Economic Times companies list, Public sector companies showing increased profits & Government sectors that offer stability to their employees.

HDFC Bank calculation for Eligibility of Loan Amount

The net salary of the applicant:

The income of the applicant is the basis forms the direct basis for calculation of the loan amount. The net salary of the applicant will determine to the loan amount to be issued. As per the norms of HDFC Bank an applicant is eligible to pay 50% of his salary as an EMI & the balance is reserved for the existing obligations. These obligations would include the rent being paid for the residential accommodation, the day to day living expenses & the installement for any other credit lines running such as loans or credit cards.

HDFC Bank Company Category

The Company the applicant is currently employed with will also play a role in the loan amount an applicant can receive as a Personal Loan from the HDFC Bank.

An applicant currently employed with a company featuring as a top company or as cat A or B, will be eligible to receive an increased loan amount as compared to an applicant working in a company listed as cat D in the HDFC Bank company category list.

The CIBIL score

The CIBIL history reflects an applicant’s behaviour with credit: the CIBIL score allotted to the applicant is on the basis of all the credit used over the years. A score of 720 + basis points or more is required to process a Personal Loan from HDFC Bank. An applicant who has managed credit well & completed his obligations timely is liable to get the Loan amount desired, where as late payments in the credit record, may receive a conservative loan amount.

First time loan seekers are issued a Personal loan if other parameters of the profile meet the HDFC Bank credit policy, but need to build a good credit record to receive increased loan amounts.

Income of a co applicant can be clubbed with the income of the Primary applicant.

A family member who is a blood relative or the spouse who is earning a regular income can be taken as a co applicant. The income of a co applicant is considered as the family income to be added to the income of the primary applicant. The eligibility for the loan amount will be calculated on the total income, valid document proof is to be provided for the same to be considered.

HDFC Bank Preferred Customers

Special Personal loans scheme for working Women

Female employees are now earning as much as their male counterparts & hold high ranking positions in prestigious companies. They are now equally responsible earning members of the family & participate in driving & boosting our economy. Women candidates earning regular income can apply for a personal loan from HDFC Bank under the DIVA scheme. Salaried personal loan applicants meeting the policy norms of HDFC Bank are offered personal loans under special terms.

• Personal Loan of women applicants, under the HDFC Bank ‘DIVA ‘scheme has priority processing
• Pre approved loans of 3 lakhs are offered to eligible candidates under this scheme.
• Special discounts for processing fees are offered to women applicants.

HDFC Personal Loan offer for Elite applicants.

High income customers with a salary of 75k or more are eligible to apply for increased loan amounts of 10 lakhs or more. They are considered as Elite applicants with a special process window. Special privileges are given to Elite applicants such as:

• Priority processing of personal loan applications, & funds disbursed within 72 hours.
• Discounted rate of interest & processing fees.
• Special terms for pre closure & part payment.

Special Monthly Offers From HDFC Bank

Month on Month HDFC Bank initiates a list of special offers for applicants working in companies, that are listed in the Economic times list as the top performing company, organisations that have a special relationship with HDFC bank, Government organisations to which special focus is given for sourcing of Personal loans & performing PSU ‘S.
To give an added impetus for sourcing of Personal Loans from these prestigious organisations offers are given for a limited period, these include;

• A reduced rate of interest offered for a Personal Loan from HDFC Bank starting at 11.25% onwards.
• Discounted charges are offered for the processing of a Personal Loan from HDFC Bank of 0.99%.
• A reduced rate of interest is offered across all salary segments for a Personal Loan from HDFC Bank.

Personal Loan Terms For Doctors, Dentists From HDFC Bank

Doctors, Dentists are the most sought after professionals. With a qualification degree that ensures a stability of employment & income, they are considered to be prime customers for all Banks. HDFC Bank processes Personal loan applications from Doctor’s & Dentists under the Business loans category.

All Medical practitioners with the following degrees are eligible to apply under this category.

• Super Specialist Doctors (MD/DM/MS)
• Graduate Doctors (MBBS)
• Dentists (BDS/MDS)
• Ayurvedic and Homeopathic Doctors: BHMS/BAMS

Finance offered via a Personal Loan can be used by a Doctor for professional & personal uses. Self employed medical practitioners can use the funds via a Personal Loan for business purposes such as, buying medical equipment, business expansion, or funding the daily running of the business.

Finance from a Personal loan can be used by salaried & self employed Doctors for any Personal use such as Home renovation, Family vacations, for Wedding expenses, or any emergency usage.

Benefits of a Personal loan for Doctors from HDFC Bank are the following:

• Enhanced loan amount can be achieved up to 40 lakhs.
• Tenure from 12 to 60 months is available for the repayment of the Personal Loan.
• A special rate of interest & processing fees is applicable across all loan amounts.
• HDFC Bank provides priority processing & convenient documentation.

Personal Loans For The Indian Defence Forces From HDFC Bank

HDFC Bank is the undoubtedly the Leading Bank for distribution of Personal Loans! With a wide reach & efficient system in place it has created many a milestone. Paying a tribute to our forces that put duty & sacrifices above all HDFC Bank is the only institution that offers advantages of a Personal Loan for our Defence force

Financial assistance is now easily available via a Personal loan from HDFC Bank to all serving persons of the Indian Defence forces.

The Advantages of a Personal Loan for Defence Forces from HDFC BANK

• HDFC Bank now approves personal loans across all ranks of the Army, Navy & Air force.
• Employees of The CRPF, CISF, SSB, and ITBP & BSF are also included in the Defence category.
• Special discounts on rate of Interest with a 16% reducing rate applicable across all ranks.
• Complete waiver of all processing charges.
• Flexible payback options with a Tenure of 12 to months.

Salient Features of a Personal Loan for Defence Forces from HDFC BANK

• The Personal Loan Applicant from the Indian Defence should be above 25 years of age.
• Net Salary credited to the Bank account should be above 25k.
• Personal Loan amounts sanctioned from 50k to 20 lacs.
• CIBIL Score is not mandatory.

Personal Loan offers for Government Employees from HDFC Bank

An employee of the Central or State Government of India can look forward to a stable career & a regular income. Hence HDFC Bank offers a Personal Loan to all strata of government employees under a special category.

Personal loans are available to Government employee as per the following segment.

Public sector Undertakings (PSUs) or CPSEs

Leading PSUs are the prime focus for all Banks; they are fast growing companies with high profit turnovers. HDFC Bank offers Employees of these companies increased loan amounts with best in class interest rates.

The Department of Public Enterprises issues guidelines for categorization in category I & II based on their financial performance, net worth, revenue & profit as MAHARATNA, NAVRATNA, MINIRATNA

• HDFC Bank offers Rate of Interest as per the net salary of the applicants, employed in the above companies.
• Rate of Interest offered is from 11.49% to 13.99% @ reducing balance, with a processing fee of 1.5% of the loan amount.

Central /State Government Employees.

All staff directly employed with Central Ministries & State Ministry is included in this category. State sponsored Universities, colleges, hospitals & Institutes are given status of government employees. HDFC Bank has instated category as per the income of Government employees for the purpose of loan amount & rate of interest applicable.

• HDFC Bank categorises government employees as category GA, GB, & GC.
• Minimum salary required is 24k.
• Rate of Interest offered is from 15.5% to 17.25%.
• Processing fees applicable is from1.75% to 2% on the loan amount disbursed.

Indian Railways

The Indian railways is the fourth largest Rail network of the world, it is part of the government sector under the Ministry of Railways. The Gazetted Staff of the Indian Railway is included in the special government category for Personal Loans.

HDFC Bank offers personal loans to railway employees under the following criteria:

• Minimum salary required for an employee in the railways is 25k
• Rate of Interest offered is from 14.99% to 16.99% @ reducing balance.
• Processing fees of 1.5% is applied to the loan amount.

HDFC Bank Personal Loan Scheme For ‘PENSIONERS’

With the changing life styles & proficient medical facilities available today people are leading active lives post retirement age which has just has just become a number.

After a prestigious career, employees of the State & Central government services can lead a comfortable life with a regular Pension amount which has been enhanced manifolds after the 7th pay commission.

As a first from any Bank, HDFC Bank now offers Personal Loans to pensioners up to the age of 65 years!

Pensioners can now fulfil any dream or ambition like travelling or redecorating their homes, or just treating themselves to an updated gadget or appliance with the Easy & convenient Personal loans from the HDFC BANK.

Under this Special Scheme the criterion for availing a Personal Loan is as follows;

• Employees covered under this scheme are Central & State Government Pension Holders & Defence Pension Holders.
• Maximum Age Limit at the time of completion of Loan is 65 years.
• Minimum Loan amount sanctioned is ₹ 50k.
• Maximum loan Amount sanctioned is ₹ 5 lakhs.
• Minimum tenor for which the Loan amount is disbursed is 12 months.
• Maximum tenor for repayment of Loan amount taken is 36 months.
• A contact with the Applicant in Person is mandatory during the current/permanent verification.
• Credit Protect Insurance is mandatory for all Pensioner cases.

Personal Loan Products From HDFC Bank

Fresh Personal Loans for Salaried

First time personal loan seekers are eligible for a Personal loan from HDFC Bank, provided they meet the eligibility criteria. It is not mandatory to have a previous credit history or a CIBIL score, but the other eligibility criteria are to be met. The profile of the applicant must justify the fact that the applicant has not used any kind of credit.

The loan amount sanctioned to an applicant without a credit history is restricted as the Bank will want to ensure that the applicant is able to handle credit successfully & will make the repayment timely.

HDFC Bank gives a facility of taking a Personal loan to all categories of salaried employees as per the policy of the Bank. It is wise to initiate a relationship with the Bank by taking a credit card or operating a salary account so that a Personal Loan is easily availed when required.

Personal Loan Top Up from HDFC Bank

A Personal loan Top Up is an additional loan amount availed on the basis of an existing Personal Loan. HDFC Bank provides an existing Personal loan customer with an additional amount when required as a Top Up.

The applicant must be eligible to pay the additional amount added to the current installement as per the net income or 3 EMI’s need to be paid before an applicant can apply for a Personal Loan Top Up.

Once the amount required as a Top Up is approved, the existing Personal Loan is closed a fresh loan is instated with the additional amount. The term & conditions of the fresh loan will be as per the current policy of the HDFC Bank, the EMI & tenure will be reworked. An agreement will be signed for the fresh loan & the additional amount will be transferred to the salary account of the applicant.

If the applicant has been paying the EMI’s timely a Top Up is a quick way to get funds & the applicant has the convenience of paying a single Emi for the total loan amount.

The Parallel Personal Loan from HDFC Bank

An applicant with an existing Personal Loan from HDFC Bank has an option of taking a secondary loan. The secondary loan granted to the applicant will be on the basis of the current eligibility, it will run as an independent or a Parallel loan.

The timely repayment track of the existing personal loan will enable the applicant to easily avail another Personal Loan from HDFC Bank. Rather than change the EMI of the previous loan the applicant can apply for a fresh loan which will be approved as per the current obligations & profile of the applicant, the Parallel loan will run as a separate entity with no relation to the existing Loan.

The benefits of a parallel loan are that the customer can close the previous loans when he wishes & can take additional amounts when required without disrupting the tenure or track of the pre existing loans.

An applicant can avail upto3 parallel loans from HDFC Bank.

Golden Edge Personal Loan from HDFC Bank

The Golden Edge Personal loan from HDFC Bank is a product designed to meet the requirements of Elite clientele with an income of 75k & above.

Applicants needing loan amounts of ₹10 lakhs & above can apply under this programme. This is an exclusive product for high income customers who are to be served on a priority basis by HDFC Bank.

A special application form is provided for all Golden Edge Personal loan applicants, the process for the application is expedited so that the applicant can receive funds within 72 hours.

As they are priority clients for the HDFC Bank special privileges are provided such as:

• HDFC Bank provides quick & personalised processing of the Golden Edge Personal Loan applications.
• A minimal rate of interest of 11.49% is charged for Loan amounts of 10 lakhs & above.
• Processing fees applicable are charged at a flat of ₹ 4500/-.
• Pre closure & Part payment fees are waived.

Balance Transfer Of a Personal Loan To HDFC Bank

HDFC Bank is the primary Bank offering to transfer their existing Personal Loan to applicants running a Loan from an alternate Bank. Balance transfer of a Personal Loan involves the takeover of an existing Personal Loan: HDFC offers to take over the Personal Loan of all customers who have a good repayment record.

The profile of the applicant seeking a Balance transfer of his Personal Loan to HDFC Bank must meet the eligibility criteria of the Bank: the pre closure terms of the existing loan also need to be fulfilled before a Balance transfer can be initiated.

HDFC Bank offers the following Benefits to all applicants applying for a Balance transfer of their Personal Loan:

• HDFC Bank provides the industry best terms & conditions for processing of a Personal Loan.
• A rate of interest starting from 11.49% for the Personal loan transferred to HDFC Bank.
• Processing fees of ₹4999/- only.
• Extra loan amount applied for will be charged the same lowered rate of interest.

Documents Required To Process Your Personal Loan From HDFC Bank

Frequently Asked Questions (FAQs)

What is the maximum personal loan amount I can get from HDFC Bank?

The maximum personal loan amount you can get is Rs. 40 lakh. However, the eligible loan amount is decided by the bank depending on your loan history, CIBIL score and loan tenure.

What are the ways through which I can repay my loan amount?

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 also standing instructions to debit EMIs from your HDFC Bank account.

What benefits will I get if I want to apply for an HDFC personal loan and I have a salary account with the same?

You will get preference, low-interest rate, less processing fee, minimal paperwork and speedy approval if you already have a salary account in any HDFC Bank.

What security or collateral is needed if I want to get HDFC personal loan?

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.

What documents are required to get a personal loan from HDFC bank?

Key documents required while applying for HDFC personal loan are identity proof, address proof, six-month bank statement and salary slip with the current FORM 16.

What is the interest rate on HDFC personal loan?

The rate of interest is different for every applicant. It is decided by the bank depending upon the individual’s monthly income, repayment capabilities and loan tenure. Usually, the interest rate ranges from 11.29% to 21%.

When can I start repaying my loan?

You can start repaying your loan any time after 12 months of loan sanction. The bank also gives you an option to foreclose your loan after paying 12 EMIs by issuing a demand draft.

Is there any penalty if I want to change the mode of repayment for my personal loan?

You will have to pay a service charge of Rs. 500 if you want to change the repayment mode of your HDFC personal loan.

What are the other benefits of HDFC personal loan?

Along with low-interest rate and flexible repayment tenure, HDFC Bank offers other benefits along with the personal loan like accident insurance of Rs. 8 lakh and critical illness cover of Rs 1 lakh without any additional charges.

In how much time will my personal loan be processed?

The bank checks all the submitted documents before approving a personal loan. You can expect disbursal of your loan within four hours of loan approval.

Does HDFC Bank allow the pre-payment of the personal loan?

The pre-payment of the personal loan is allowed only after paying 12 EMIs of your personal loan. However, prepayment is only allowed twice in the entire tenure, once in a single financial year. Also, the pre-payment should even not exceed 25% of the entire principal loan amount.

How can I solve my queries regarding the HDFC personal loan?

You can visit www.hdfcbank.com/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.

How does the balance transfer facility impacts my interest rate?

HDFC Bank offers Balance Transfer Facilities to applicants having a personal loan with a high interest rate. This facility lowers the loan EMI by 11.75%* on the existing loan transfer.*Terms and Conditions Apply