Know If Your Company Features in The HDFC Bank Company Category List

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    The Importance of the HDFC Bank Company Category List for Personal Loans
    The HDFC Bank has initiated an exhaustive list of approved companies, including Companies on the Economic Times list of the Top 500 Companies and other preferred establishments. This list includes top-performing concerns with high turnover and growth prospects.
    Certain eligibility factors are considered to sustain an efficient system a prominent feature includes the employment or company profile. Referencing the Company Category List helps confirm a Personal Loan Eligibility. If your company is included in HDFC Bank's Approved List of Companies, it reassures the lender that the salary will be credited on time. This enables an applicant to pay the EMI on the due date.
    FAQ'S
  • What is the HDFC Company list for Personal loans?
  • HDFC Bank issues a list of companies that source Personal Loans and readily provide Personal Loans to applicants employed with such entities. Companies are rated according to their profile, turnover, and stability. HDFC Bank continuously refreshes and updates the Company list.

  • What are the Benefits of a Company Featured in the Company Category List of HDFC Bank?
  • Customers employed by companies approved and listed by the bank are offered personal loans on a priority basis with enhanced terms and conditions. The Employer plays a significant role in processing a Personal Loan the Bank evaluates the Employer's profile to confirm the validity and profitability of the organisation.

  • What is the Definition of Listed and Non-Listed Companies?
  • A Listed company registered on the stock exchange to trade stocks and bonds by the public, which can hold shares in the Company. A Non-Listed Company is privately owned by its owners.

    Non-Listed Companies follow government guidelines, while listed companies follow the guidelines of SEBI (Securities and Exchange Board of India).

  • Which Companies are Included in the HDFC Bank Company Category List for Personal Loan?
  • HDFC Bank has an exhaustive list of companies that fund Personal Loans. Companies are featured in this list based on their performance and turnover.

    The Bank HDFC Company Category List Includes:

    • The Economic Times publishes the top 500 companies.
    • Companies listed on the stock exchange with SEBI (Securities and Exchange Board of India).
    • Central Government and State Government Entities.
    • Public Sector Companies.
    • MCA registered Private Limited Companies.
    • Private Ltd Companies Corporates and Institutes with a High Turnover.
    • Emerging Corporations with HDFC Accounts for the Firm and salary accounts of employees.
  • Does HDFC Bank Fund Employees of Non-Listed Companies?
  • Can an Applicant Request the Addition of a Company to the Company List?
  • An Applicant working in a Non-Listed Company can submit a request to add an Employer to the Company list. A form with details of the Company Profile, such as Turnover, Number of Employees, and Offices, is submitted for consideration. The company will be featured on the list of approved companies for sourcing Personal Loans if the request is approved.

  • Can a Company Get Delisted?
  • If a Company's stocks fall below the required margin, the profile has become risky due to market conditions, and sourcing from that Company is restricted. For example, the hospitality and travel industry faced losses during the COVID lockdown. As a result, airlines and Hotels could not pay salaries on time and laid off Employees due to the loss of business; therefore, sourcing from these organisations was put on hold.

  • What is a Negative Company?
  • HDFC Bank declares a company negative or not approved for sourcing Personal Loans if there is a large percentage of default by employees not paying their Loan instalments or if the organisation is involved in unlawful or nefarious activities.

  • How to Check Listed Company for Loan?
  • A Customer should verify before Applying for a Personal Loan if the Employer features in HDFC Bank's Company List by checking on the HDFC Bank App, our Company list page, and contacting us at Yourloanadvisors.com to solve all your queries.

  • What are the Implications of a Category in the HDFC Personal Loan Company Category List of Approved Companies?
  • The HDFC Bank categorises companies as Super A, A, B, C, and D.

    The terms, loan amount, and interest are applied according to the company hierarchy for example, a customer employed with a Super A category organisation is eligible for a loan amount of up to ₹ 40 Lakhs, whereas an applicant working with a Cat D company will not be awarded the same amount.

    Category Salary Multiplier Salary Multiplier
    Super A/ Cat A 30k 18 months 50k 27 months
    Cat B 30k 18 months 50k 20 months
    Cat C 35k Ten months 50k 20 months
    Cat D 50k Seven months 75k 15 months
  • How is the Multiplier Applied Per the HDFC Bank Personal Loan Company List?
  • The maximum loan amount that can be issued to an applicant as a Personal Loan is calculated according to the eligible multiplier. For example, the maximum Personal Loan Eligibility for an applicant working in a Cat A company is calculated as follows.

    Salary into multiplier = Maximum Loan Amount
    40k × 18 = 7,20000/-

    This is the maximum amount the applicant is eligible for if the applicant has an existing Loan and is paying an EMI of 5000/-; the EMI being paid is deducted from the eligibility calculations.

    Loan Amount Tenure Rate of Interest EMI
    720000 48 months 12% 18960/-
    Current EMI - Existing EMI Eligible EMI
    18960 - 5000 13960

    The applicant is eligible for a loan of 5 lakhs as per the present outgoings.

  • Are Proprietorship or Partnership Companies Included in the HDFC Listed Companies for Personal Loan?
  • HDFC Bank does not fund Personal Loans for employees of partnership and proprietorship companies, which are not included in the HDFC Listed Companies for Loans.

  • Are the Privileges of the Company List Still valid if a Customer Seeks a Top-up But is Presently Working in a Non-Listed Company?
  • The HDFC Bank processes a Personal Loan Top-up according to the applicant's current profile. If the applicant obtained a personal loan from HDFC Bank when employed with a company featured in the HDFC Bank Listed Companies for Personal Loan but is presently employed with a non-listed company, the Top-up request is declined.

  • Is the List of Approved HDFC Personal Loan Listed Companies Common to All Banks?
  • Most banks' primary approved company list is similar, including consistent top-performing companies and new emerging corporations with promising growth prospects. Individual Banks include companies with which they have a relationship, such as a corporate or salary account. The company list can also differ according to the financer's target segment.

  • What are the Benefits for HDFC Salary Account Holders Working in an Approved Company?
  • An applicant with an HDFC account is offered a discount on the processing fee and an extended tenure for their Personal Loan Process.

  • What is the Interest Rate Offered to an Applicant Employed with an HDFC Bank-Listed Company?
  • The interest rate offered for a Personal Loan depends upon the net salary and the loan amount sanctioned. The minimum interest rate offered for a loan amount of ₹ 15 Lakhs and above is 10.75% at a monthly reducing balance.

  • Does the HDFC Bank Process the Personal Loan of an Applicant Employed with an Approved Company without a CIBIL Score?
  • It is not mandatory to have a CIBIL Score if you are employed with a company listed in the HDFC Bank for Loan's list of listed companies.

  • Can an Applicant Check a Company List for a Personal Loan Online?
  • Please check with us if your company category features in the HDFC Bank-Approved Companies List Online at Yourloanadvisors.com/

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