Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 2 HDBFS Personal Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    14.99% - 14.99% Fixed
    Up to 2% One time fee
    20L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    15.95% - 18.95% Fixed
    2% One time fee
    20L Max
    1-3 years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    HDBFS Personal Loan is Rated as "Great!" by 276 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    HDBFS Personal Loan

    HDBFS or HDB Financial Services, a subsidiary of HDFC Bank, is an NBFC that does not accept deposits. HDBFS has a widespread presence across the country with over 230 branches.

    The company is engaged in lending activities both retail and to SMEs. This includes both secured and unsecured loans for various purposes. HDBFS also provides life and general insurance solutions aimed at financial protection and planning.


    You’re probably eligible for an HDBFS Personal Loan if you are

    01
    02
    03
    04
    HDBFS Personal Loan Minimum Age

    At least 22 years old

    HDBFS Personal Loan Maximum Age

    65 years old

    HDBFS Personal Loan Eligible Employment Type

    Self-employed with regular income

    HDBFS Personal Loan Minimum Income

    Earn more than the minimum
    income required


    Your HDBFS Personal Loan amount eligibility is based on these factors

    01
    02
    03
    HDBFS Personal Loan Minimum Salary

    Minimum income required
    Rs.20,000 per month

    HDBFS Personal Loan Maximum Loan Funded

    Maximum allowed personal loan is Rs. 20 lakhs

    HDBFS Personal Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligible HDBFS Personal Loan amount by these steps

    01
    02
    HDBFS  Personal Loan Payoff Outstanding Credit Card Bills

    Pay off your credit card bills

    HDBFS Personal Loan Tenure

    Choose longer tenure ranging from 12 to 36 months


    Documentation needed to apply for an HDBFS Personal Loan

    • 1. Signed application form with photograph
    • 2. Copy of passport/voter ID card/driving license
    • 3. Processing fee cheque
    • 4. Last 3 months bank statement/6 months bank passbook
    • 5. Documentation for salaried applicants:
      • Latest salary slip
      • current dated salary certificate with the latest Form 16
    • 6. Documentation for self-employed applicants:

      • Latest Bank statement
      • Latest ITR or Form 16

    HDBFS Personal Loan Interest RatesUpdated on 17 Oct 2018

    HDBFS Personal Loan Details
    Interest Rate (Monthly reducing balance) 14.99%
    Processing Fees Up to 2% of the loan amount
    Loan Tenure 1 year to 3 years
    Pre-closure Charges Preclosure permitted after 6 Months. 4% of principal outstanding (plus applicable tax)
    Guarantor Requirement No guarantor required

    Why choose HDB Financial Services Loans

    • 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

    This 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.

    Key Features of HDBFS Personal Loan

    The key features of personal loans from HBD Financial Services are outlined below:

    • Quantum of loan: As high as Rs.20 lakhs.
    • Loan period: Ranges from 1 to 3 years (12 - 36 months).
    • Interest rates: Competitive
    • Unsecured: No collateral or guarantor is required to avail the loan.
    • Documentation: Minimal
    • Special deals: For preferred employees

    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

    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)
    • Minimum pay: Rs.20,000 (Metros i.e. Chennai, Bangalore, Hyderabad, Mumbai, Pune, Ahmedabad, Delhi, Kolkatta), Rs.15,000 - others

    Documentation required for a HDBFS Personal Loan

    Basic paperwork requirements to process the loan are as follows:

    • Proofs: Relevant documents will have to submitted to prove the following
      • 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

    Self-Employed (Professionals) Applicants:

    This refers to self-employed professionals like Doctors, Architects, Chartered Accountants etc.

    • Minimum age: 22 years
    • Maximum age on loan maturity date: 65 years
    • Life of Business: 3 years (minimum)
    • Minimum income: Rs.1 lakh (Metros i.e. Chennai, Bangalore, Hyderabad, Mumbai, Pune, Ahmedabad, Delhi, Kolkatta), Rs.75,000 - others

    Documentation

    Basic paperwork requirements to process the loan are as follows:

    • Proofs: Relevant documents will have to submitted to prove the following
      • 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: Latest Income Tax Return (ITR), 2 years audited statement of accounts
    • Bank Statement/Passbook: For the 3/6 months immediately preceding the loan application

    Self-Employed (Individuals) Applicants:

    This refers to self-employed sole proprietors, directors or partners

    • Minimum age: 22 years
    • Maximum age on loan maturity date: 65 years
    • Life of Business: 4 years (minimum) of which 2 years pertain to one business
    • Minimum income: Rs.1 lakh (Metros i.e. Chennai, Bangalore, Hyderabad, Mumbai, Pune, Ahmedabad, Delhi, Kolkatta), Rs.75,000 - others

    Documentation

    Basic paperwork requirements to process the loan are as follows:

    • Proofs: Relevant documents will have to submitted to prove the following
      • 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: Latest Income Tax Return (ITR), 2 years audited statement of accounts
      • Business continuity: Trade or establishment license, Certificate of sales tax
    • Bank Statement/Passbook: For the 3/6 months immediately preceding the loan application
    • Other documents: Memorandum of Association, Articles of Association, Partnership Deed, Declaration of Sole Proprietorship, Board Resolution

    Self-Employed (Partnership Firms or Private Companies) Applicants:

    This refers to Trading, Manufacturing, Service-oriented partnership firms and private companies

    • Minimum age: 22 years
    • Maximum age on loan maturity date: 65 years
    • Life of Business: 4 years (minimum) of which 2 years pertain to one business
    • Minimum income: Rs.1 lakh (Metros i.e. Chennai, Bangalore, Hyderabad, Mumbai, Pune, Ahmedabad, Delhi, Kolkatta), Rs.75,000 - others; proven profits for most recent 2 years.

    Documentation required for a HDBFS Personal Loan

    Basic paperwork requirements to process the loan are as follows:

    • Proofs: Relevant documents will have to submitted to prove the following
      • 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: Latest Income Tax Return (ITR), 2 years audited statement of accounts
      • Business continuity: SSI Registration,Trade or establishment license, Certificate of sales tax
    • Bank Statement/Passbook: For the 3/6 months immediately preceding the loan application
    • Other documents: Memorandum of Association, Articles of Association, Partnership Deed, Declaration of Sole Proprietorship, Board Resolution

    Important Personal Loan Related Pages

    HDB Financial Services Personal Loan - Super Duper Deals – October’18

    Get a special offer on your IDB Financial Services personal loan application this October’18! BankBazaar is going to launch its Super Duper Deals sale from 1st October, 2018 to 31st October, 2018. and you shouldn’t miss this exciting opportunity. Apply for an HDB Financial Services personal loan on the user-friendly portal of BankBazaar during this period and receive an attractive gift voucher.

    BankBazaar Super Duper Deals 2018-Special Offer on HDB Personal Loan

    Super Duper Deals program starting from 1st October, 2018 to 31st October, 2018 will be run by BankBazaar with the collaboration of Amazon to bring a lucrative offer for the HDB Financial Services personal loan borrowers. Here are the details of the offer:

    • The borrower will earn an Amazon Gift Card of Rs.750 (Rupees One Thousand only) upon disbursal of the HDB Financial Services personal loan.
    • The validity period of this amazing BankBazaar mega sale offer is from 1st October, 2018 to 31st October, 2018. HDB Financial Services personal loan borrowers applying through BankBazaar.com will be eligible for it.
    • Only if the loan is approved and the amount is disbursed on or before 15th December,2018, the applicant will receive this gift voucher.
    • Applicant has to visit the Amazon website or the Amazon mobile app to log into his/her account for redeeming the gift card.

    How to Receive the Super Duper Deals Offer for IDB Financial Services Personal Loan?

    By redeeming the Amazon voucher offered during BankBazaar Super Duper Deals, you can make your shopping time more fun-filled and exciting. Interesting, isn’t it? But before you start, check how to receive and use the offer:

    • At first, open the official website of BankBazaar (www.bankbazaar.com) and run an eligibility check for a personal loan product from HDB Financial Services.
    • If eligible, go to the ‘HDB Financial Services’ section under the ‘Personal Loan’ tab and hit the ‘Get Approval’ button to get redirected to the loan approval and application page.
    • Once you get the approval and the loan is disbursed to your bank account, an Amazon Gift Card worth Rs.750 will reach the email ID provided by you at the time of loan application.
    • You can redeem this gift voucher from Amazon by visiting the official website or making use of the mobile app.
    • Just log into your Amazon account and enter the coupon code mentioned on the gift voucher. Next, click on ‘Add to Your Account’ tab and your account will get credited with Rs.750 instantly.

    BankBazaar Super Duper Deals 2018- Rules and Regulations

    Before applying for an HDB Financial Services personal loan on BankBazaar website in order to avail the special offer, check these vital points:

    • The special BankBazaar mega sale offer on HDB Financial Services personal loan is applicable to all the loan applications done through BankBazaar between 1st October, 2018 to 31st October, 2018.
    • Applicants will receive this offer only if their loan is disbursed to their bank account on or before 15th December,2018.
    • Under this offer, each applicant is eligible to get only one Amazon gift voucher per loan product.
    • The gift card will be sent to the applicant via email in the email ID registered with BankBazaar.
    • Within 45 days of loan disbursal, the voucher will reach the applicant. In case of any delay, the applicant can reach BankBazaar at support@bankbazaar.com or give a call at +914466511800.
    • The redemption of the gift card is subjected to the terms and conditions of Amazon.
    • While applying for the loan, the minimum age of the applicant should be 18 years.
    • To avail this offer, the applicant should fulfill all the eligibility criteria mandated by the bank. BankBazaar doesn’t give any assurance in this matter.

    HDBFS Personal Loan Reviews

    • HDB Financial Services Personal Loan
      "Good. Can do better in ROI"
      0.5 4.0/5 "Great!"
      My process with HDB financial services is good. They are very fast in the process to get the persona loan. The customer support and response is good. The rate of interest and processing charges is not satisfactory. It is very pretty high when compared.
      Was this review helpful? 4
      , bangalore
      Reviewed on Oct 12, 2018
    • HDB Financial Services Personal Loan
      "Good Banking Service"
      0.5 4.0/5 "Great!"
      Got my personal form HDB financial service, as the rate of interest is nominal one of 14% . Making the payments through Ecs . Got approved as instant approval process. There is no processing fees for the personal loan with tenure period of 3 years . Their customer service and response is good regarding personal loan.
      Was this review helpful? 2
      , bangalore
      Reviewed on Sep 06, 2018
    • HDB Financial Services Personal Loan
      "Need to reduce ROI"
      0.5 5.0/5 "Blown Away!"
      My experience was very good with HDB personal loan, the process took 10 days to complete and it was smooth. The loan amount was for Rs 10 lacs with high interest rate and the tenure period for this loan is 5 years. Customer service was very good and they responded on time.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 27, 2018
    • HDB Financial Services Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from the HDB Financial Services for 3 Lacs, the interest rate was in par with the market rate. It has been a hassle free personal loan experience with the HDB
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Aug 24, 2018
    • HDB Financial Services Personal Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      I've take a personal loan from the HDB for 3 Lacs, the interest rate was very high, there was also a delay in processing the loan. They need to keep the interest rate in par with the market rate.It hasn't been a good personal loan experience with them.
      Was this review helpful? 3
      , coimbatore
      Reviewed on Aug 23, 2018
    • HDB Financial Services Personal Loan
      "GOOD LOAN"
      0.5 4.0/5 "Great!"
      It was a good experience with them, documentation was easy , i feel that rate of interest was nominal, it was on time process, customer service was good, EMI values also is ok, every month it get auto debited from my account, which is also easy.
      Was this review helpful? 2
      , thane
      Reviewed on Aug 14, 2018
    • HDB Financial Services Personal Loan
      "Very good"
      0.5 4.0/5 "Great!"
      My personal loan was taken with HDB FINANCE. The process was very nice but it took a longer time here. The interest rate was on a higher side . The tenure period was 5 years . The customer service and responses was good. They were calling up for many times.The processing fee was nominal and the documentation was smooth.
      Was this review helpful? 2
      , bangalore
      Reviewed on Aug 14, 2018
    • HDB Financial Services Personal Loan
      "AVERAGE"
      0.5 4.0/5 "Great!"
      I have taken a loan with HDB BANK and my loan experience is pretty good. My loan amount is 300000 and interest rate is is nominal. There are no hidden charges. I use to pay 11000 as EMI per month and tenure period is 3years. Processing fee is nominal.The process was so smooth at the time of submitting my documents, i did not face any problems.
      Was this review helpful? 2
      , bangalore
      Reviewed on Aug 10, 2018
    • HDB Financial Services Personal Loan
      "Unhappy with the services"
      0.5 1.0/5 "Really Bad"
      I had taken a personal loan with HDB financial services. I asked for four lakhs and they have given only two lakhs and I was told that the interest rate is of 14%. It is almost a year now and I wanted to taken a top up. So I contacted the institution. The executive told me that the interest rate is of 26% and the person earlier has misguided me and informed me 14%.
      Was this review helpful? 13
      , bangalore
      Reviewed on Aug 02, 2018
    • HDB Financial Services Personal Loan
      "Very good"
      0.5 4.0/5 "Great!"
      My personal loan was taken with HDB FINANCE. The loan amount was 3,30,000 and the interest rate was satisfactory and the tnrue period was 3 years,. I had a very smooth process here but the documentation was but tedious sine they requested lot of documents to submit but the process was very nominal. They have sanctioned the loan with the committed time.
      Was this review helpful? 5
      , bangalore
      Reviewed on Jul 20, 2018
    • HDB Financial Services Personal Loan
      "Not satisfied"
      0.5 2.0/5 "Expected more"
      My personal loan experience was not up to the mark with HDB financial services, customer service was not up to the mark and there was no proper response. I was not able to track how much EMI i have to pay for the month and the rate of interest is way high when compared to others.
      Was this review helpful? 0
      , pune
      Reviewed on Jul 20, 2018
    • HDB Financial Services Personal Loan
      "Satisfactory"
      0.5 4.0/5 "Great!"
      My personal loan was taken with HDB FINANCE 9 months back. The loan amount was 2,50,000 and given interest rate was satisfactory . The customer service and responses was good. They have sanctioned the loan with the committed time,. The processing fee was also nominal.
      Was this review helpful? 1
      , pune
      Reviewed on Jul 04, 2018
    • HDB Financial Services Personal Loan
      "Average Service"
      0.5 3.5/5 "Pretty good"
      The process in getting the loan had been very much easy and the loan has got on the right time. The loan amount which they had given had been satisfactory and the interest rate with them had been okay. There has not been any issues faced with any of the banking services which they had been providing so far.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jun 25, 2018
    • HDB Financial Services Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with HDB and my loan experience was good, the loan amount was for Rs 2 lakhs with high interest rate when compared to all other sources. Customer service was good and they collected documents on time. The tenure period for this loan is 3 years.
      Was this review helpful? 3
      , ahmedabad
      Reviewed on Jun 14, 2018
    • HDB Financial Services Personal Loan
      "Average service"
      0.5 2.0/5 "Expected more"
      The personal loan service is not up to the mark with the HDB FINANCIAL services. They will not keep their promises and they haven't fulfilled their promise in regards to my personal loan application. The rate of interest and the charges are average with the Hdb financial services.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 12, 2018
    • HDB Financial Services Personal Loan
      "Worst service "
      0.5 0.5/5 "Unacceptable"
      Don't deserve a single rating, worst behaviour, worst service, at udaipur branch each & every member of panchvati branch. Please don't suggest anyone to apply any type of loan in HDB. There are so many options available but personally I don't suggest anyone.
      Was this review helpful? 1
      , udaipur
      Reviewed on May 25, 2018
    • HDB Financial Services Personal Loan
      "Satisfactory"
      0.5 4.0/5 "Great!"
      I have taken a personal loan earlier with HDB financial services. The customer services and response is good and there are no hassles in the process. The rate of interest is around 13% and the processing charges is normal too. The after loan services are good.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 24, 2018
    • HDB Financial Services Personal Loan
      "Overall good and smooth process"
      0.5 4.0/5 "Great!"
      It was a good experience with HDB Financial services for the personal loan. The process was on time and I got the loan within one week too. The executive collected my documents at my place. The rate of interest is around 12.99% and the processing fees was around 2500. I got the loan amount as needed and this is for the tenure of 5 years.
      Was this review helpful? 1
      , chennai
      Reviewed on May 22, 2018
    • HDB Financial Services Personal Loan
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      I have taken my personal loan with HDFC bank 3 years back. The loan amount was 1,14,000 and the interest rate was 11-12% which is average . The customer service and responses was really good. The process was very good and they haves sanctioned the loan with the committed time .
      Was this review helpful? 1
      , aurangabad
      Reviewed on May 20, 2018
    • HDB Financial Services Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with HDB Financial services and my loan experience was good, the loan amount was for Rs 1.5 lakhs with nominal interest rate. The process was quick and i received my loan amount within 1 week. Customer service was good with HDB and tenure period for this loan is 3 years.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 17, 2018
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