HDB Loan Interest Rate Check

Life is not a bed of roses but it can be made comfortable by accomplishing your dreams through proper financial planning. Setting goals in life and achieving them is really important and one should put cent percent potential for it. For some, the goal may be to excel in the field of interest, for some it may be to give a comfortable life to family, for some it would be to own a house or drive his/her favourite vehicle. 

One common thing that is required to attain these goals other than determination is finance. Our dreams need the support of finance and now getting this support is possible with the availability of credit facility. HDB Financial services provide the wings of finance to the people’s dreams by offering multiple types of credit facility. HDB loan interest rate is competitive and can be used to serve the purpose.

The company offers personal loan that can be used to gratify any of the personal needs, business loan for the growth and prosperity of the entity and loan against property. The loan can be availed by anyone complying with the eligibility norms. The eligibility standards for each of the loan type is different and for the reference has been provided below:

HDB Personal Loan Eligibility Criteria

The HDB Bank loan eligibility for personal loans is as follows:

Salaried Individuals include Salaried Doctors, CAs, employees of select Public and Private limited companies, Government Sector employees including public sector undertakings:

• Minimum age of applicant: 21 years
• Maximum age of applicant at loan maturity: 60 years (Or retirement, whichever is earlier) (65 years for Government Employees. Conditions Apply)
• Minimum employment: Minimum 1 year in employment with minimum 1-month salary credit in the current organisation
• Minimum Net Monthly Income: ₹ 20,000 for Metro Locations (Ahmedabad, Bangalore, Chennai, Delhi, Hyderabad, Kolkata, Mumbai & Pune) & ₹ 15,000 for All Other Locations.

Self-employed (Professionals) include self-employed Doctors, Chartered Accountants, Architects, and Company Secretaries: 

• Minimum age of Applicant: 22 years
• Maximum age of Applicant at loan maturity: 65 years
• Years in business: Minimum 3 years
• Minimum Annual Income:  ₹ 100000/- p.a. for Metro Locations & ₹ 75,000/- p.a. for non-metro locations.

Self-employed (Individuals) include self-employed - Sole proprietors, Partners & Directors in the Business of Manufacturing, Trading or Services:

• Minimum age of Applicant: 22 years
• Maximum age of Applicant at loan maturity: 65 years
• Years in business: Minimum 4 years with minimum 2 years in the same Business
• Minimum Annual Income: ₹ 100000/- p.a. for Metro Locations & ₹ 75,000/- p.a. for non-metro locations.

Self-employed (Pvt Cos and Partnership Firms) include Private Companies and Partnership firms in the Business of Manufacturing, Trading or Services:

• Minimum age of Applicant: 22 years
• Maximum age of Applicant at loan maturity: 65 years
• Years in business: Minimum 4 years with minimum 2 years in the same Business
• Minimum Annual Income: ₹100000/- p.a. for Metro Locations & ₹ 75,000/- p.a. for non-metro locations.
• Business must be profit making for the last 2 years

HDB Business Loan Eligibility Criteria

The eligibility criteria for a business loan at HDB Financial Services is as follows:

Self Employed (Professionals) including self - employed Doctors, Chartered Accountants, Architects, and Company Secretaries:

• Minimum age of applicant: 22 years
• Maximum age of applicant at loan maturity: 65 years
• Years in business: Minimum 3 years
• Minimum Annual Income: Rs. 1,00,000 p.a. for Metro locations & Rs. 75,000 p.a. for other locations

Self Employed (Individuals) including self-employed- Sole proprietors, Partners & Directors in the Business of Manufacturing, Trading or Services:

• Minimum age of Applicant: 21 years
• Maximum age of Applicant at loan maturity: 65 years
• Years in business: Minimum 4 years with at least 2 years in the same Business
• Minimum Annual Income: Rs. 1, 00,000/- p.a. for Metro locations & Rs. 75,000 p.a. for Non-Metro locations

Self Employed (Pvt. Companies and Partnership Firms) including Private Companies and Partnership firms in the Business of Manufacturing, Trading or Services:

• Minimum age of Applicant: 22 years
• Maximum age of Applicant at loan maturity: 65 years
• Years in business: Minimum 4 years with minimum 2 years in the same Business
• Minimum Annual Income: Rs. 1,00,000/- p.a. for Metro Locations & Rs. 75,000/- p.a. for non-metro locations
• Business must be profit making for the last 2 years

HDB Financial Loan Against Property Eligibility Criteria

The eligibility criteria for a loan against property at HDBFS is as follows:

• An applicant should be 24 years of age
• An applicant should be salaried/self-employed with a regular source of income
• An applicant should be less than 65 years of age

The customer applying for the loan can contact the company and discuss the terms & condition and also know the HDB loan interest rate. Through the customer cell, the customer can clear doubts and queries for better knowledge.