Hello friends, in today's post we are going to know about HDFC Personal Loan. Friends, when there is a problem related to money and you need a lot of money for any purpose, then in such a situation personal loan is very useful, even if it is taken from any bank.
Nothing is required to be mortgaged for a personal loan. You do not need a lot of paperwork for a personal loan and you can get this loan within a few hours, but the interest rate of personal is higher compared to other loans like home loans, gold loans, and auto loans. You can use the personal loan wherever you want like for weddings, travel, household expenses, medical expenses, etc.
HDFC Bank provides personal loans with very less paperwork and is very quick. HDFC Bank offers you a personal loan of up to 25 lakhs with a repayment tenure ranging from 12 to 60 months. You can choose the repayment tenure as per your requirement. Talking about HDFC Personal Loan Interest Rate (interest rate), it starts from 12.50%.
HDFC Personal Loan: Benefits and Features
Loan Amount:- HDFC Bank offers personal loan amounts ranging from 1 lakh to 25 lakh.
Instant Loan:- HDFC Bank provides loans to its existing customers in just 10 seconds.
Repayment Tenure:- As already mentioned, the repayment tenure of HDFC Personal Loan ranges from 12 to 60 months and you can choose the repayment tenure as per your requirement.
Online Process:- There is no need to visit the bank to get a personal loan from HDFC Bank, you can apply for the loan through net banking on the bank's website or through the Loan Assist application.
Documents:- You do not need much paperwork to get HDFC Personal Loan.
HDFC Personal Loan Insurance:- If you take a personal loan from HDFC Bank, you will get an opportunity to choose one of the insurances as follows:
- 8 lakh cover in case of an accident.
- Cover up to 1 lakh in critical illness.
Security:- You can take a personal loan from HDFC Bank without pledging anything.
What is the eligibility for HDFC Personal Loan?
Work:- For HDFC Personal Loan, you must have a job or you must have a business of your own.
Monthly Income:- Your monthly income for HDFC Personal Loan minus Rs 25,000. Should be
Age:- Your age plays an important role in the repayment of any loan so you should be at least 21 years and a maximum of 60 years to apply for HDFC Personal Loan.
Work Experience:- To get a personal loan from HDFC Bank, you must have at least 2 years of work experience and you must have been working for at least 1 year in any location.
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Documents Required for HDFC Personal Loan
You need the following documents to avail a personal loan from HDFC Bank:
Form:- HDFC Personal Loan Application Form Filled
Photo:- 2 passport size photographs
Identity Proof (Anyone):- PAN Card, Voter ID, Driving License, Aadhar Card, Passport
Income Document (anyone):- Salary slip for last 3 months, copy of Form 16, Bank statement for last 3 months, or Bank Passbook for last 6 months
Residential Proof (anyone):- Rent Agreement, Electricity Bill, Water Bill, Passport, License
What are HDFC personal loan fees and charges?
Below are the various fees and charges levied by HDFC Bank:
loan processing fee | The processing fee charged is 2.5% of the loan amount for a minimum of Rs.1,999 and a maximum of Rs.25,000. | |||
Pre-payment/Part-payment charges |
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Overdue EMI Interest | Overdue EMI will be charged at 2% per month | |||
Amortization Schedule Fee | 200 + GST | |||
check to swap charges | 500 + GST | |||
check bounce charges | 550/- per check bounce + GST |
HDFC Personal Loan Schemes
HDFC Bank's personal loan plans are quite popular, which are as follows:
Top-up loan:- If you are an HDFC Bank customer, you can avail HDFC Bank top-up loan. In which you can get an HP loan of up to 50 lakhs.
Personal Loan for Doctors:- HDFC offers a unique type of loan for non-salaried doctors. Doctors should have at least four years of experience to avail of this loan.
HDFC Jumbo Loan:- HDFC Bank Jumbo Loan allows one to avail the loan without blocking the credit card limit. The repayment tenure of the loan ranges from 12 to 60 months.
HDFC COVID Personal Loan:- HDFC Bank offers loans up to ₹5 lakh for the treatment of COVID. This loan can be taken only when the patient is in the hospital. Tenure of 5 years is given to repay this loan.
HDFC Pre Approved Loan:- If you are an HDFC Bank customer, you can avail HDFC Pre Approved Loan. For this, you have to go to HDFC's website and log in to your net banking, after that you can check your eligibility for the pre-approved offer.
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How to apply for HDFC Personal Loan?
- First of all, you go to the HDFC website or contact the nearest HDFC Bank branch.
- Now fill and submit the required details in the HDFC personal loan form.
- Once you have submitted the loan form, HDFC Bank will check your eligibility. If you are eligible for an HDFC Personal Loan, it will tell you the eligible amount that you can avail.
- Now you have to submit some necessary documents which you can submit online or offline.
- Your loan will be sanctioned once your documents are accepted by HDFC Bank and the loan amount will be credited to your bank account immediately.
1 Comments
A 3 lakh personal loan can provide a quick injection of cash for various purposes, such as debt consolidation, home improvement, or unexpected medical expenses. The flexibility in usage is definitely appealing, giving borrowers the freedom to address their immediate financial needs.
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