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  • HDBFS Personal Loan

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  • HDBFS offers affordable personal loans with attractive terms to help its customers consolidate their debts and pay for unplanned expenses.

    • Interest Rate: Up to 36% p.a.
    • Loan Amount: Up to Rs.20 lakh
    • Loan Tenure: 12 months to 60 months
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    We found 1 HDBFS Personal Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    PA PL OTP
    14.99% Fixed
    Up to 2% One time fee
    20L Max
    1-5 years
    100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria

    What are the benefits?

    • 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 25 Feb 2020

    HDBFS Personal Loan Details
    Interest Rate (Daily reducing balance) 12.99%
    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

    Current Interest Rate on HDBFS Personal Loan

    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

    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

    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 required

    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

    About the 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.

        

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    HDBFS Personal Loan Reviews

    • HDB Financial Services Personal Loan
      "Interest rate was high"
      0.5 3.0/5 "Satisfactory"
      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.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Feb 13, 2020
    • HDB Financial Services
      HDB Financial Services Personal Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      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 .
      Was this review helpful? 1
      , mumbai
      Reviewed on Feb 10, 2020
    • HDB Financial Services Personal Loan
      "Need to reduce the charges"
      0.5 3.5/5 "Pretty good"
      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.
      Was this review helpful? 2
      , lucknow
      Reviewed on Jan 25, 2020
    • HDB Financial Services Personal Loan
      "Fast approval"
      0.5 5.0/5 "Blown Away!"
      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.
      Was this review helpful? 2
      , visakhapatnam
      Reviewed on Jan 07, 2020
    • HDB Financial Services Personal Loan
      "Quick Loan Service"
      0.5 5.0/5 "Blown Away!"
      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.
      Was this review helpful? 1
      , chennai
      Reviewed on Jan 07, 2020
    • HDB Financial Services Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      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%.
      Was this review helpful? 2
      , gandhidham
      Reviewed on Dec 31, 2019
    • HDB Financial Services Personal Loan
      "Good offers"
      0.5 5.0/5 "Blown Away!"
      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.
      Was this review helpful? 2
      , chennai
      Reviewed on Dec 29, 2019
    • HDB Financial Services Personal Loan
      "Average Service"
      0.5 2.0/5 "Expected more"
      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.
      Was this review helpful? 3
      , indore
      Reviewed on Dec 20, 2019
    • HDB Financial Services Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      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.
      Was this review helpful? 6
      , kolkata
      Reviewed on Dec 09, 2019
    • HDB Financial Services Personal Loan
      "Best Service"
      0.5 3.0/5 "Satisfactory"
      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.
      Was this review helpful? 4
      , surat
      Reviewed on Dec 01, 2019
    • HDB Financial Services Personal Loan
      "Better Loan Service"
      0.5 4.0/5 "Great!"
      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.
      Was this review helpful? 9
      , salem
      Reviewed on Oct 15, 2019
    • HDB Financial Services Personal Loan
      "Completely satisfied"
      0.5 5.0/5 "Blown Away!"
      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.
      Was this review helpful? 8
      , mumbai
      Reviewed on Sep 11, 2019
    • HDB Financial Services Personal Loan
      "Satisfactory but need to reduce the rate of interest"
      0.5 4.0/5 "Great!"
      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.
      Was this review helpful? 13
      , ahmedabad
      Reviewed on Aug 23, 2019
    • HDB Financial Services Personal Loan
      "Good "
      0.5 4.0/5 "Great!"
      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.
      Was this review helpful? 3
      , bangalore
      Reviewed on Aug 12, 2019
    • HDB Financial Services Personal Loan
      "High interest rates and not transparent"
      0.5 4.0/5 "Great!"
      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%.
      Was this review helpful? 4
      , nagpur
      Reviewed on Aug 07, 2019
    • HDB Financial Services Personal Loan
      "Good Loan service"
      0.5 5.0/5 "Blown Away!"
      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.
      Was this review helpful? 2
      , chennai
      Reviewed on Aug 06, 2019
    • HDB Financial Services Personal Loan
      "It should be better"
      0.5 3.0/5 "Satisfactory"
      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.
      Was this review helpful? 3
      , bangalore
      Reviewed on Aug 02, 2019
    • HDB Financial Services Personal Loan
      "NOT SATISFIED"
      0.5 1.0/5 "Really Bad"
      The loan amount given was 2L, the rate of interest was 15%, the documentation process was done, the processing fee was there it was 2%. I am using the loan since from last 18 months, duration for repaying the loan was 3 years with the loan.
      Was this review helpful? 9
      , hyderabad
      Reviewed on Jul 20, 2019
    • HDB Financial Services Personal Loan
      "Process was good"
      0.5 4.0/5 "Great!"
      I had a personal loan from HDB Financial service. I had a two wheeler loan in HDFC and its a sister concern of HDFC and the rate of interest also pretty good hence i opted the loan. The loan process was smooth and their terms & conditions are transparent. I closed the loan in the March month 2019.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jul 11, 2019
    • HDB Financial Services Personal Loan
      "BETTER"
      0.5 5.0/5 "Blown Away!"
      I am using from last 2 months with HDB FINANCIAL SERVICES, the service is good. The documentation process was simple and quick to get the loan. The loan amount given was 3L also the rate of interest was nominal. The duration for repaying the loan was 36 months.
      Was this review helpful? 4
      , chennai
      Reviewed on Jul 06, 2019
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