HDBFS Personal loan is an unsecured loan (no collateral or guarantor required) offered to customers to meet their personal financing needs. These funds can be utilised to meet a wide range of requirements; education, marriage, vacations, home repairs, big-ticket purchases, debt consolidation or refinancing debts and so on. Use of funds is not restricted and when coupled with the company’s quick and simple process to avail loans, HDBFS personal loans are the ideal choice for a wide range of borrowers.
In order to avail these loans, customers will have to satisfy some simple eligibility criteria and submit the required documents.
What are the benefits of HDBFS Loan?
They are easy to avail and developed to suit the financing needs of a wide range of customers.
These loans feature some of the most competitive interest rates vis-a-vis peers, for considerable loan amounts.
Customers’ requirements are assessed and customised loans are offered so as to effectively satisfy their financial needs.
Qualified customers receive quick approvals i.e. within 72 hours of submitting documents to process loan requests
Convenience is an added benefit as customers are offered doorstep collection of documents.
All customer queries are addressed through a single point of contact, ensuring a smooth and uncomplicated loan process
HDBFS Personal Loan Interest RatesUpdated on 31 Jan 2023
HDBFS Personal Loan Details
Interest Rate (FRR)
14.00% onwards
Processing Fees
Upto 3%
Loan Amount
up to Rs. 20 Lak
Loan Tenure
12 to 60 months
Pre-closure Charges
Preclosure permitted after 6 Months. 4% of principal outstanding (plus applicable tax)
Guarantor Requirement
No guarantor required
HDBFS Personal Loan Interest Rate
The current rate of interest ranges from 19% to 21% depending on the borrower’s creditworthiness, the company’s individual credit policy and prevailing market conditions.
Note:- Loans with tenures over 3 years (36 months) are offered with floating rates
Eligibility for HDBFS Personal Loan
The basic criteria to be satisfied to qualify for the loan is outlined below depending on the borrower category viz. Salaried, Self-Employed Professionals, Self-Employed Individuals, Self-Employed Private Companies or Partnership Firms
Salaried Applicants:
This refers to all individuals/professions/non-professions/companies earning a salary
Minimum age: 21 years
Maximum age on loan maturity date: The earlier of - 60 years for regular borrowers, 65 years for government employees OR age of retirement
Employment period: 1 year active employment (minimum)
Salary: 1 month’s credited pay of active employment (minimum)
Documentation required to apply HDBFS Personal Loan
Basic paperwork requirements to process the loan are as follows:
Identity: Passport, Ration card with photo, Driver’s license, Voter’s ID, PAN or Aadhar Card
Address: Driver’s license, Ration card, Utility, Voter ID (either of these with 3 months validity) OR Rent Agreement, Passport
Age/ Birth Date: Birth Certificate, Passport, Driver’s License, PAN card, 10th or 12th mark sheets
Income: Most recent 3 months and latest Form 16, Income Tax Return or Appointment letter
Bank Statement/Passbook: For the 3/6 months immediately preceding the loan application
Business continuity: Trade or establishment license, Certificate of sales tax
Other documents: Memorandum of Association, Articles of Association, Partnership Deed, Declaration of Sole Proprietorship, Board Resolution
HDBFS personal loan Customer Care
The HDBFS Customer Service Timings at all branches will be from 10:00 am to 4:00 pm (Monday to Saturday, excluding 1st & 2nd Saturdays, National Holidays and Regional Holidays). The following are complaint details of service.
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I have taken personal loan directly through HDB financial services .This loan was taken for personal use and this loan was still active .The rate of interest and the processing fee was medium. The documents are submitted through the agent . The premium is paid on emi basis and there was no extra charges.
2 years ago, have taken my personal loan from HDB Financial services. HDFC people have recommended me about this loan process. I got the loan amount of Rs. 2 lakhs once i cleared the same, they have provided the loan amount of Rs. 3.75 lakhs. I'm paying the EMI amount of Rs. 14300 every month. I have chosen the duration of 36 months. They do have a pre-closure facility with paying some additional charges.
I have taken personal loan through HDB Financial services.The rate of interest and the processing fee was very high due to my requirement this loan got processed. Am paying the premium on emi basis and they don't charge for the delayed payment.
I have taken a personal loan from HDB Finance. The loan amount was Rs. 2L but the rate of interest was higher and i opted for 3 years tenure. Already i have completed 1.5 years and remaining 1.5 years is there. I am paying EMI of Rs.7847 and i am not sure with the pre closure charges. My friend is working in HDFC Bank based on that i took this loan and it was disbursed instantly.
I have taken personal loan directly through HDB Financial services .The rate of interest and the processing fee was very high .I have taken this loan since have requirement .This loan is still active and it was processed on time .I am paying the premium on EMI basis .According to my experience the service was average .
I have taken a personal loan amount of HDB financial. I have taken a loan amount of 3L, the processing fee very high around Rs.10K and the interest rate are very high around 18% so I would suggest to reduce the rate of interest. There is no charges for part payment but charges are applicable of 4 to 5% for fore closure. The sales team is very good but the customer support is not up to mark.
I have taken personal loan directly through HDB Financial services and i am not sure with the rate of interest. The loan amount i expected for Rs. 2,50,000 but they approved for Rs. 2 lakhs. Customer service and responsiveness was very good.
Once i applied the loan with HDB Financial service, it got sanctioned immediately. Based on my recommendation, i have selected the HDB Financial service. I applied the loan amount of Rs. 5 lakhs but they have offered me a interest rate of 11.5%. Still the loan is running, its 7 months and the total duration is 36 months.
I applied for personal loan with HDB finance through bank executive and I received the loan amount with in 2 days. Loan amount is 5Lakhs with the interest rate of 14%, processing fee is 2% and which need to be reduced. I was expecting the interest rate around 12%.
I had taken personal loan with HDB FINANCIAL SERVICES on 2 years before. The amount of 1L provided with tenure period of 2 years. Rate of interest was nominal. Processing fee was applicable. There is no option of part payment but pre closure is avail. I have closed the loan and yet to received the NOC letter.
I have taken personal loan directly through HDB Financial services.The rate of interest and the processing fee was high since had requirement taken this loan .This loan is still active and paying the premium through online .i have availed loan amount of 2.8lakhs for the tenure of 5 years.This loan was sanctioned on time as well.According to me the service was average.
I have taken personal loan directly through HDB Financial service .The rate of interest and the processing fee was quite nominal ,The loan amount got on time and paying the premium on EMI basis .There will be extra charges if delay on EMI and not yet faced any difficulties so far.
I have applied HDB Financial services personal loan directly . I have taken this loan but the rate of interest was very high due to my requirement availed this loan .I have submitted the required documents and there was proper follow up as well as callback. Complete details about the loan was explained by the agent.
I already had a consumer durable loan after that they called me and offered me a personal loan worth of Rs. 1 lakh. I have no idea about the interest rate since i bought the loan 1 year before. I have selected the tenure period of 36 months. They have sanctioned the loan immediately.
I have approached HDB Financial services for a balance transfer option. They have provided me a lower rate of interest which is around 14.5% hence went this loan. The customer service is fine. There was a processing fee which is not quite high.
I have taken a personal loan from HDB Financial service which was suggested one of my friend. This loan is ongoing and they need an improvement on the customer service. They were charging me higher rate of interest according to the rest of bank but not much satisfied. The tenure period is 5 years.
I took my personal loan from HDB Financial services on one year before and the services are good. The partial payment is simple and If any query need to visit the main branch which takes 2 to 3 working days. The rate of interest is nominal. The tenure of 4 years.
In HDB Loan, their credit policies are critical because their rules and regulations are not much transparent. At the time of loan disbursement, they have asked me to give my visiting card even though i have provided my HR letter, payslips and required documents. Their interest rates are quite high which is 15%.
My brother has referred me about the HDB Financial services. I bought the phone worth of Rs. 17000 and i paid the down payment of Rs. 5000 balance i have converted into EMI. They have charged me some processing fee. I am paying the EMI of Rs. 1500 for the tenure period of 9 months.
I took my personal loan from HDB Financial services recently and the services are good until and unless if I pay the EMI's on time. The partial payment and foreclosure procedure is not simple and need to visit the main branch which takes 2 to 3working days. The rate of interest is higher and there was a processing also.
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