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How to apply Personal Loan HDFC Bank

Bank Loans Date: March 29, 2017
Date: March 29, 2017
HDFC Bank offers many types of loans that make it possible for you to realize your dreams. Want a buy your dream home or that great car? Want to go on a world trip with your family or buy a flat panel TV? No matter what you desire, a bank loan will help you realize it. HDFC Bank offers some of the best loans in India, at attractive interest rates and with flexible pay back options. Our bank loans are designed to meet the needs of diverse individuals.

Check your Personal Loan eligibility in 1 minute

Whatever be your need we have a loan for you. Over the years we have won the trust of our customers and have become market leaders in loan products. HDFC Bank personal loans can help meet all your financial needs effectively. With simplified documentation and speedy approvals, availing personal loans coudn't get easier.

HDFC Bank Personal Loan Features

1 Highly competitive personal loan interest rates
2 Special offers, interest rates and charges for HDFC Bank account holders
3 Personal loan eligibility in 1 minute available online and across all branches
4 Special personal loan offers* for women employees
5 Walk in Loan: Walk in to the branch with your documents and get Personal Loan in a day!, at select branches.
  
HDFC Bank Personal Loan

1  Simplified documentation
2   Competitive pricing
3   Transparency
4  Personal loans available for various needs

Personal Loan Eligibility Calculator

Are you eligible to apply for a personal loan? See our 1 minute Personal Loan Eligibility Calculator.

Personal Loan EMI Calculator

Use our Personal Loan EMI Calculator to find out how much EMI you will have to pay for your Personal Loan.

Personal loans from HDFC Bank are quick, competitive and transparent. Whatever be your need, talk to us and we can customize a personal loan for you. Our seamless loan sanction and disbursal procedure ensures that availing a personal loan is a hassle-free experience. Unmatched additional benefits, quick documentation, ease of communication and doorstep service make HDFC Bank a leader in personal loans.
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    Why avail a Personal Loan from HDFC Bank? by :

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    HDFC Bank offer personal loans for all your requirements. Smart products, competitive offerings and peace of mind differentiate us. Enjoy triple benefits when you avail a personal loan from HDFC Bank:


    Quick personal loans-Experience express loan processing, easy documentation, quick disbursal and doorstep service


    Competitive pricing -Benefit from competitive loan rates and convenient repayment options

    Transparency -Zero hidden charges, reasonable processing fees and utmost clarity on the loan process with up-to-date information about the loan application at each stage

    Features and Benefits of Personal Loans by :

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    Personal loans from HDFC Bank offer exclusive features and benefits:

    In principal Personal loan eligibility in just 1 minute - Online, as well as across all branches
    Personal loan Diva: A special loan proposition for women employees. Enjoy more than 100 free alliance offerings, across 100 locations in India
    Loan offerings for first time borrowers also
    Personal loans available on the basis of credit history (repayment of home loans, auto loans and credit cards)
    Receive a Personal Accidental Cover of up to 8 Lacs* along with a Critical Illness cover of 1 Lac*
    Convenience of reaching out through SMS, Webchat, Click2Talk and PhoneBanking

    Personal Accident Cover

    Pay a nominal premium* and secure the needs of your loved ones with a Personal Accident cover of up to Rs. 8Lacs and a Critical Illness cover of up to Rs. 1 Lac.

    The premium for both these policies will be deducted from the loan amount at the time of disbursal. Prescribed service tax and applicable surcharge/cess will be charged extra.

    Secure your Personal Loan with Sarv Suraksha Pro

    Key benefits of the policy:

    Credit Shield cover equal to the outstanding loan amount
    Accidental Hospitalization cover of up to 8 Lacs*
    Accidental Death/Permanent Disablement cover of up to 1Lac*
    Critical illness is 1 Lac*

    (* Terms and conditions of the insurers shall apply.The policy is offered by HDFC Ergo GIC Ltd.)

    Personal Loan Balance Transfer Offers

    Already have a personal loan? Reduce your EMIs by transferring your existing personal loan to us and avail special offers and exclusive benefits.

    Interest rate as low as 11.49%* on the existing loan transfer
    Flat processing fees of Rs. 999

    Personal Loan Diva for our women customers by :

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    HDFC Bank Personal Loan Diva is an exclusive offer for today's women, who are empowered, enlightened and enterprising - a woman like you. This tailor-made Personal Loan takes you closer to fulfilling your dreams by taking care of your financial requirements and also comes with a host of benefits through special privileges.

    HDFC Bank Personal Loan Diva offers:

    Pre-approved Personal Loan of Rs 3 lac*
    More than 100 Diva offers across premium brands and products.

    Personal Loan Eligibility and Documentation by :

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    Learn more about the eligibility criteria andthe documents required for availing a HDFC Bank personal loan.

    The documentation for a HDFC Bank personal loan varies from individual to individual. The requirements are based on your profession, income and loan requirement.

    Do you receive a regular salary?

    This category includes salaried doctors, CAs, employees of private limited companies, employees from public sector undertakings including central, state and local bodies.

    You should:

    Be 21-60 years of age.
    Have had a job for at least 2 years, and a minimum of 1 year with your current employer
    Be earning at least Rs. 12,000/- per month net income (Rs. 15,000/- in Mumbai, Delhi, Bangalore, Chennai, Hyderabad, Pune, Calcutta, Ahmedabad, Cochin)

    Documents to be submitted:

    Proof of identity: Copy of passport/voter ID card/driving license
    Proof of address: Copy of ration card/telephone or electricity bill/rental agreement/passport
    Last 3 months bank statement/6 months bank passbook
    Latest salary slip/ current dated salary certificate with the latest Form 16

    Personal Loan Interest Rates & Charges by :

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    Enclosed below are HDFC Bank Personal Loan Interest Rates & Charges
    Fee Amount to be Paid
    Rack interest rate Salaried - 15.75% to 20%
    Loan processing charges Up to 2.50% of the loan amount subject to a minimum of Rs. 1,000/- & Maximum of Rs. 25000/- for Salaried Customers.
    Prepayment Salaried - No pre-payment permitted until repayment of 12 EMIs
    Pre-payment charges Salaried - 13-24 Months - 4% of Principal Outstanding,
    25-36 Months - 3% of Principal Outstanding
    >36 Months - 2% of Principal Outstanding
    No Due Certificate/No Objection Certificate (NOC) NIL
    Duplicate of No Dues Certificate/NOC NIL
    Solvency Certificate Not applicable
    Charges for late payment of EMI 24% per annum on amount outstanding from date of default
    Charges for changing from fixed to floating rate of interest Not applicable
    Charges for changing from floating to fixed rate of interest Not applicable
    Stamp duty & other statutory charges As per applicable laws of the state
    Credit assessment charges Not applicable
    Non standard repayment charges Not applicable
    Cheque swapping charges Rs 500/-
    Amortization Schedule charges Rs 200/-
    Loan cancellation charges NIL (However client would be charged interest for the interim period between date of loan disbursement and loan cancellation and processing fees would be retained.)
    Cheque bounce charges Rs. 550/- per cheque bounce
    Legal/incidental charges At actual
    CIBIL Report Copy Charges Rs.50 per copy

    Rates offered to customer during the period of October 2016 to December 2016.
    IRR Q III (2016-17)
    Min IRR 11.00%
    Max IRR 19.84%
    Avg IRR 13.67%

    Annual Percentage Rate offered to customer during the period of October 2016 to December 2016.
    APR Q III (2016-17)
    Min APR 11.01%
    Max APR 22.32%
    Avg APR 13.87%

    *Service Tax and other Government taxes, levies etc. applicable as per prevailing rate will be charged over and above the Fees and Charges

    Loan at the sole discretion of HDFC Bank Ltd.

    HDFC bank Personal Loan Support by :

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    What will be done with the post dated cheques if I request to change the mode of repayment/account for my loan?

    Post Dated Cheques(PDCs)/Security Cheques submitted towards loan repayment that have not been encashed, will be defaced and retained by the Bank.
    In case, you wish to have your old Post Dated Cheques(PDCs)/ Security Cheques to be returned to you, kindly lodge a request at the Retail Loan Service Center or through PhoneBanking or write us an email at www.hdfcbank.com/services within 45 days from the date of application of change in repayment instructions.
    In case, we do not hear from you within the stipulated period, the defaced cheques will be destroyed.

    How can I repay my Personal Loan?

    You pay the loan in equal monthly instalments (EMIs). The loan will be paid through post-dated cheques. You can also pay through ECS or a standing instruction to debit your HDFC Bank account with the EMI amount.

    Try our EMI calculator to calculate how much you need to pay each month.

    Are there any additional charges for loan repayment?

    The additional charges (if any) are applicable in case you default or in case of SWAP (i.e. change the repayment mode). The charges are updated and can be viewed in the Fees & Charges section in the Bank’s website of each loan product.

    What is Guarantor?

    A Guarantor is a person who guarantees to pay for someone else's debt if he or she should default on a loan obligation.

    What is De-pledge?

    Removal of a pledge from the security to regain the rights over the security is called de-pledge.

    *Conditions Apply

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