HDFC Personal Loan

Whatever the occasion, the range of HDFC Personal Loans can help. HDFC bank offers

1.            Borrow up to Rs 15,00,000 for any purpose depending on your requirements.

2.            Flexible Repayment options, ranging from 12 to 60 months.

3.            Repay with easy EMIs.

4.            One of the lowest Personal Loan Rates.

5.            Hassle free Personal Loan - No guarantor/security/collateral required.

6.            Convenience of service at your doorstep.

7.            Speedy loan approval.

8.            Personal Accident Cover Insurance.

9.            Credit Shield.

Eligibility Criteria for HDFC Bank Personal Loan
Age of Applicant	Min-21 years ; Max-60 years.
No. of years in employment	2 years & above
Current Experience	1 year & above
Net Monthly Income	Rs. 15,000/- & above (cat-A companies) Rs. 20,000/- & above (non-listed companies)

Loan Amount offered by HDFC Bank
Minimum Funding	Rs. 50,000/-
Maximum Funding	Rs. 15,00,000/-

Loan Tenure offered by HDFC Bank
Minimum Tenure	12 months
Maximum Tenure	60 months

Turn Around Time of HDFC Bank Personal Loan
Salary below Rs. 75,000	working days (48 hours).
Salary above Rs. 75,000	7 working days

Processing Fee of HDFC Bank Personal Loan
Salary account holder	2% of loan amount
Non–salary account holder	2.5% of loan amount

Prepayment Charges of HDFC Bank Personal Loan
Foreclosure Charges	4% of outstanding principal (Can be foreclosed after 6 months only)

Salary available for making EMI’s
Up to Rs. 25,000 p.m	35% of salary is considered
Bet Rs. 25,000 to Rs. 50,000 p.m.	40% of salary is considered
Above Rs. 50,000 p.m	45% - 50% of salary is considered

Documents Required for HDFC Bank Personal Loan
Identity Proof	Passport/ driving license/PAN card/ Photo credit card (with embossed Signature and last two months statement)/ banker’s sign verification
Age Proof	PAN Card/ Passport/ Driving Licence/ School leaving certificate/ Voter’s card/ BirthCertificate/ LIC policy (only for age Proof).
Address Proof	Passport/ Telephone bill (BSNL/MTNL)/ Electricity bill/ Title deed of property/Rental agreement/ Driving license/ Election ID card/ Photo-credit card (with last two month statements)
Income Proof	Latest salary slip/current dated salary Certificate with latest form 16
Job Continuity Proof	Form 16/relieving letter/appointment Letter (for last two months)
Banking History	Bank statements of latest 2 months/ 3 months bank passbook

Disclaimer : Please note that the interest rates and eligibility criteria given here are based on the market research. To enable the comparisons certain set of data has been reorganized / restructured / tabulated .Users are advised to recheck the same with the individual companies / organizations. This site does not take any responsibility for any sudden / uninformed changes in interest rates.