1. How much loan can I avail of?
You can avail of a HDFC Bank personal loan from Rs 50,000 to Rs 15,00,000 depending on your income and repayment capacity. You can club the income of your spouse if you wish to increase your loan amount.
2. How do I repay my Personal loan?
You pay the loan in equated monthly installments. The loan will be paid through post-dated cheques or through Standing Instructions to debit your HDFC Bank account with the EMI amount.
3. What security do I need to provide to get the HDFC Bank personal loan?
There is no security or collateral required to get a HDFC Bank personal loan.
4. What are the loan tenure options?
You can repay your loan over a period of 12 to 60 months
5. How long will it take for me to get my loan?
Once you submit your application form and supporting documents, we shall give approval within 5 working days provided everything is in order. All loan approvals are at the sole discretion of the bank.
6. Is there any pre-closure charge for HDFC Bank Personal Loan?
HDFC Bank foreclosure fee is a nominal 4% as foreclosure charge of the principal outstanding on your loan.
7. Are there any benefits of having a HDFC Bank Salary Account for my Personal loan?
HDFC Bank offers special interest rates, instant processing and minimal documentation for HDFC Bank salary account holders.
8. If I already have an active personal loan with HDFC Bank, can I take another HDFC Bank personal loan?
Yes. HDFC Bank offers a top-up personal loan to customers who are currently running a personal loan with them. You will be eligible for a personal loan top-up, if you have paid all your EMIs on time and are still eligible for a loan even after accounting for your existing HDFC Bank personal loan.
HDFC Bank Personal Loan Eligibility: You are eligible for a personal loan if you are:
HDFC Bank Personal Loan documentation:HDFC Bank personal loan documentation process is minimal. Generally banks require the following documentation:
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