Easy Method HDFC Bank Loan For Low Intrest

HDFC Bank personal loan interest rates start from 11.00% p.a. At this time This bank offers a loan of Rs 40 lakh for a tenure of up to 6 years. 

Easy Method HDFC Bank Loan For Low Intrest

It gives loans up to HDFC Bank and also provides instant and pre-approved personal loans to select customers without the need to submit documents. HDFC Bank also provides the facility of private loan balance transfer at low-interest rates to existing borrowers of other banks/lending institutions. How to take a personal loan from HDFC Bank? And other information about HDFC Personal Loan is given below.

HDFC Bank Personal Loan – The year 2022
Rate of interestStarting from 11.00% p.a.
loan amountUp to ₹ 40 Lakh
Durationup to 6 years
processing fee Up to ₹4,999
 minimum monthly income₹25,000

Eligibility Criteria for HDFC Bank Personal Loan

  • Private Sector Employees, Public Sector Employees, and Employees of Central, State, and Local Bodies
  • Age: 21-60 Years
  • At least 2 years and 1 year working with current employer/company
  • Minimum Net Monthly Income: Rs.25,000.

Also Read

HDFC Personal Loan: Documents Required

  • Identity Proof ( Aadhar Card /Driving License/Voter ID/Passport)
  • Address Proof (Aadhar Card/Driving License/Voter ID/Passport)
  • Bank statement of last 3 months (Updated passbook for last 6 months)
  • Recent Salary Certificate / Recent Salary Slip along with Form 16

Questions. How long does it take for the HDFC Bank Personal Loan amount to be transferred to the account? AnsUsually HDFC Bank transfers the personal loan amount within 4 days from the date of application. It also offers pre-approved instant personal loans to some select customers _ _ _ _ _
In which the loan amount is transferred within  10 seconds without any documents. _

Question. How does having a salary account with HDFC Bank help in getting a personal loan?
Answer: If you already have a salary account with HDFC Bank, you can get a personal loan at lower interest rates and lower processing fees.

Question. Can a personal loan be foreclosed?
Answer: Yes, you can choose to foreclose the loan even after 12 months of availing the loan. In case of a foreclosure, a fee of up to 4% of the outstanding principal amount is applicable.

Question. Is it possible to do part-prepayment of HDFC Bank’s personal loan?
Answer: Yes, you can pay your HDFC Bank Personal Loan in part after payment of the 12th EMI. Some of the major terms and conditions related to this are given below:

  • Part-prepayment can be done only twice during the loan tenure
  • Part-prepayment can be done only once in a financial year
  • Each part- prepayment should not exceed 25% of the outstanding amount.

Question. What is the minimum credit score required for HDFC Personal Loan?
Answer: The credit score of the applicant should be more than 650 for HDFC personal loan.

What is a personal loan?

A personal loan is an unsecured loan, which means you don’t need to pledge any collateral to receive funds. Availing of one is easy – you can apply online and use the money to meet almost any expense. Bajaj Finserv, one of the most diversified NBFCs in India, offers instant personal loans with paperless approval and quick disbursal.

Where can a personal loan be used?

It can help you meet a wide range of financial requirements, such as:
Medical emergencies
Home Renovation
Higher education
Debt consolidation

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