Know in-depth about HDFC Personal Loan Interest Rate

HDFC Personal Loan Interest Rate is competitively priced, keeping in mind the convenience of the customers. Incorporated in the year 1994, HDFC is one of the largest banks of the nation with a nationwide distribution network.

The bank is exclusively known for its customer satisfaction and convenience, both nationally and internationally. HDFC Personal Loan is an exceptionally successful product of HDFC which has many happy and satisfied customers to itself. The product holds many benefits and features that make it distinct. Read on to know more about this product.

HDFC Personal Loan Features

HDFC Personal Loan bears the following features that makes it stand out. Take a look!

• Minimal documentation: HDFC bank calls for minimal documentation for its products which makes it an easy and convenient option for the applicants.
• Added protection with accident cover: You can avail an accident cover along with the credit facility worth ₹ 8 Lakhs and an illness cover worth ₹ 1 Lakh for a nominal premium payment.
• Instant disbursal: The bank provides instant credit disbursal. The credit amount is made available to the applicant within 48 hours of the approval.
• Security of your credit amount: You can avail the facility of Sarv Suraksha Pro, which is a credit shield, equal to the outstanding amount of the credit.
• Economically priced: This product is very thoughtfully and prudently priced with attractive and highly competitive interest rates.
• One loan for varied needs: This credit facility can be used to fund varied needs of the applicant. From personal financial emergencies to financial urgencies of the business, a financial crunch of any type and intensity can be taken care of with this credit facility.
• Transparency in processing: The bank provides an easily traceable and transparent processing of the credit amount, keeping the applicant updated of every step of progress of the credit facility.
• Credit transfer facility: The applicant can get the existing credit transferred to HDFC and save up on the interest rates.
• Easily accessible customer care: HDFC provides for an easily accessible customer care. The HDFC customer support team can be reached out via multiple channels such as SMS, Phone Banking, Webchat and Click2Talk.

HDFC Personal Loan Eligibility

HDFC Personal Loan Eligibility Criteria is as follows:

• Age Limit: The applicant must fit-in the age criteria of a minimum age of 21 years during the credit application to a maximum age of 60 years by the maturity of the credit.
• Nature of Profession: The applicant can be a salaried professional working as salaried doctors, chartered accountants. They can also be employees in a private limited company or employees working in public sector undertakings, inclusive of central, state and local bodies.
• Professional Experience: The applicant must bear a professional experience of at least 2 years with a minimum of 1 year of professional experience with the current employer.
• Monthly Income: The applicant must have a monthly income ranging between ₹ 15,000 to ₹ 20,000, depending upon the city of residence.

HDFC Personal Loan Eligibility Calculator

HDFC Personal Loan Eligibility Calculator is a highly beneficial and time saving tool. The device best serves the purpose during the process of credit application. It helps the applicants gauge their eligibility that may differ on the basis of nature of profession or the monthly income of the applicant. To ascertain the eligibility, the applicant needs to feed-in the basic details into the tool such as the age, nature of profession, monthly income, monthly savings and the likes. The tool determines the eligibility on the basis of these details and churns out the result in less than a minute. This saves a lot of time of the applicant and is highly convenient as one can use this anytime and anywhere.

HDFC Personal Loan Interest Rate

HDFC Personal Loan Interest Rate ranges between 15.75% to 20% depending on various factors of the applicant. The bank also charges a processing fee which is about 2.50% of the credit amount ranging from a minimum of ₹ 1,000 to a maximum of ₹ 25,000. The bank does not charge any prepayment charges for the first 12 EMIs paid by the loan bearer. However, after that, the prepayment charges vary from 2% to 4% of the outstanding amount depending upon the tenure left.

HDFC Personal Loan Login

HDFC Personal Loan Login is the unique login ID provided by HDFC to all its valued customers during the process of credit application. Through this login ID, the customer can keep a track of the progress of the credit application and other key details related to the credit amount. The applicant can use this login to gain access to the credit account and can check the progress of the credit such as the outstanding balance, the repayment details and much more on a regular basis. This facility not only enables the customer to access the credit account anytime and anywhere but also makes the whole process more transparent.

HDFC Personal Loan Status

HDFC Personal Loan Status can be checked by the customer via the login ID provided to them during the process of application. This status holds record of the progress of the credit application of the customer which is updated constantly. The progress of the loan can be checked through this status. This facility allows the customer to be constantly updated with every little detail and update that takes place from the bank’s end.

HDFC Personal Loan Customer Care

HDFC Personal Loan Customer Care is a robust, tech savvy and prompt division of the bank. This team takes care of all the queries and grievances of the customers related to the HDFC Personal Loan. The customers can reach out the customer support via email and toll free numbers mentioned on the official website of the bank. Also, the customer can visit the nearest HDFC branch to sort out any issues directly.