Take care of your personal needs through HDFC Personal Loan

HDFC Personal loan is a multipurpose loan which is put to various uses. The usage extends to fulfilling varied needs like conducting a wedding in the family, funding for higher education of your children, paying school admission fees, planning a vacation or  buying consumer durable items like LCD, washing machine, refrigerator etc. Focus on your one specific need and apply for personal loan accordingly.

There are many lenders across the marketplace which offer personal loans at different rates of interest. Don't allow yourself to put in a dilemma but go for personal loans which suit your pocket comfortably as you have to repay equated monthly installments accordingly.

Keeping in view your various requirements, HDFC Personal loan has been designed to accustom your every possible need at varied interest rates. Accommodate your needs by choosing your HDFC Personal loan at the lowest interest rate that would allow you to easily realize your needs as soon as possible. Personal loans are unsecured loans with tenures upto 5 years, giving you sufficient time to easily settle off your loans quickly as possible.

HDFC Personal Loan Features

1. Protecting your needs : Get personal accidental cover by availing a nominal premium of upto ₹  8 lakhs, and get critical illness cover of upto ₹ 1 lakh. The premium for these policies will get subtracted from the loan amount at disbursal. There are applicable taxes and surcharge/cess which are add-on charges thereon.

2. Personal Loan Security: Shield your personal loan with Sarv Suraksha Pro, which includes the following key benefits as :

• Get credit protection cover equal to the outstanding loan amount.
• Avail accidental hospitalization cover of upto ₹ 8 lakhs.
• Avail Death/Permanent Disablement cover of upto ₹ 1 lakh.

Please note that these facilities are subject to the terms and conditions offered by HDFC Ergo GIC Ltd.

3. Fulfills your every need : It doesn't matter your needs are, HDFC Bank can customize a Personal loan for you. The existing HDFC Bank account holders can get a host of special offers, interest rates and charges. Although, the first-time loan seekers can also opt for such a couple of benefits.

4. Easy Personal loan balance transfer : Now you can easily transfer your existing personal loan to HDFC Bank. You can enjoy lower EMIs and save on your interest payments.

• Get interest rates as low as 11.49% on the existing loan transfer
• Avail a flat processing fee of only ₹ 999.

5. Instant Eligibility Check and Disbursal

Within 60 seconds, know your personal loan eligibility online or from selected branches of HDFC bank. If you have submitted all your papers, the disbursement of the loan will take just only one working day.

HDFC Personal Loan Eligibility

The following applicants are eligible to apply for a Personal Loan:

• Applicants should be salaried doctors, CAs, employees of private limited companies, employees from public sector undertakings, including central, state and local bodies.
• The age of applicants should fall between 21 and 60 years of age.
• The applicants should have atleast 2 years of working experience, with a minimum of 1 year with the current employer.
• The minimum earnings of an applicant should be ₹ 15,000 per month (₹ 20,000 in Mumbai, Delhi, Bengaluru, Chennai, Hyderabad, Pune, Kolkata, Ahmedabad, Cochin).

HDFC Personal Loan Interest Rate and Other Details

The applicable HDFC Personal Loan interest rates range from 15.75% to 20% for salaried employees. There are other major charges which need to be incurred by the applicant availing personal loans from HDFC Bank. The loan processing charges amounts upto 2.50% of the loan amount subject to a minimum of ₹1,000/- and a maximum of ₹25,000/- for salaried customers. There are no-prepayment charges levied on salaried employees until the repayment of 12 EMIs.However, the pre-payment charges applicable on salaried employees get levied in the following ways:

• 13-24 Months - 4% of Principal Outstanding,
• 25-36 Months - 3% of Principal Outstanding
• >36 Months - 2% of Principal Outstanding

HDFC Personal Loan Documents

To apply for HDFC Personal loan, submit the following documents as required:

• Duly filled application form with a passport size photograph
• Bank statement of previous 3 months (Passbook of previous 6 months)
• Identity proof : Copy of passport/PAN card or voter ID card/driving license/Aadhaar
• Address proof : Copy of passport/voter ID card/driving license/Aadhaar
• Signature Proof : Passport/PAN Card

HDFC Personal Loan Customer Care

Facing any queries/doubts/questions regarding opting for Personal loans from HDFC Bank or want to give suggestions or recommendations for improvement in any kind of services. Feel free to ring up the desk of HDFC Bank customer care on : 6160 6161 from the cities such as Ahmedabad / Bengaluru / Chennai / Delhi & NCR / Hyderabad / Kolkata / Mumbai / Pune and get it resolved. If you are from another city and the city name is not mentioned here, then visit HDFC Bank customer care online and choose your respective city from the 'phone banking' feature and access the phone number available on the website.