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Rack Interest Rate | 10.50% p.a. - 21.00% p.a. |
Loan Amount | Rs.50,000 to Rs.40 lakh* |
Benefits |
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(*Loan amount can vary depending on your eligibility and is solely at HDFC’s discretion)
The various fees and charges that are levied by HDFC Bank are:
Loan processing fee | Up to a maximum of 2.5% of the loan amount, subject to a maximum fee of Rs.25,000 |
Pre-payment/Part-payment charges |
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Overdue EMI interest | 2% per month will be charged on the principal or EMI that is overdue |
Stamp duty and other statutory fees | As per the laws of the state that the applicant resides in |
Cheque swapping fee | Rs.500 |
Amortization schedule fee | Rs.200 |
Cheque bounce charges |
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Incidental or legal charges | At actual |
Proof of identity | Aadhaar Card, Driving Licence, Passport, or Voter ID Card |
Proof of address | Voter ID Card, Aadhaar Card, Passport, or Driving Licence |
Other documents |
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You can use BankBazaar HDFC Personal Loan EMI Calculator to check your monthly prepayment amount. All you need to do is enter your preferred loan amount, tenure, interest rate and processing fee Hit “Calculate” to check your EMI and processing fee.
Let’s take a personal loan of Rs.1 lakh for a tenure of 1 year. Assume that HDFC charges an interest rate of 10% p.a. For the repayment tenure, you must pay an EMI of Rs.8,792. The loan repayment schedule is given as follows:
Year | Principal Paid(A)1 | Interest Paid(B) | Total Payment (A+B) | Outstanding Loan Balance |
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2021 | Rs.32,233 | Rs.2,933 | Rs.35,166 | Rs.67,767 |
Sep | Rs.7,958 | Rs.833 | Rs.8,791 | Rs.92,042 |
Oct | Rs.8,025 | Rs.767 | Rs.8,792 | Rs.84,017 |
Nov | Rs.8,091 | Rs.700 | Rs.8,791 | Rs.75,926 |
Dec | Rs.8,159 | Rs.633 | Rs.8,792 | Rs.67,767 |
2022 | Rs.67,767 | Rs.2,566 | Rs.70,333 | Rs.0 |
Jan | Rs.8,227 | Rs.565 | Rs.8,792 | Rs.59,540 |
Feb | Rs.8,295 | Rs.496 | Rs.8,791 | Rs.51,245 |
Mar | Rs.8,365 | Rs.427 | Rs.8,792 | Rs.42,880 |
Apr | Rs.8,434 | Rs.357 | Rs.8,791 | Rs.34,446 |
May | Rs.8,505 | Rs.287 | Rs.8,792 | Rs.25,941 |
Jun | Rs.8,575 | Rs.216 | Rs.8,791 | Rs.17,366 |
July | Rs.8,647 | Rs.145 | Rs.8,792 | Rs.8,719 |
Aug | Rs.8,719 | Rs.73 | Rs.8,792 | Rs.0 |
Fees and charges | HDFC Bank Personal Loan | Aditya Birla Capital | Bank of India Personal Loan | Citibank Personal Loan |
Interest rate | 10.50% p.a. onwards | 14% p.a. -26% p.a. | 10.75% p.a. -12.65% p.a. | 9.99%p.a. -16.49% p.a. |
Processing fee | 2.5% + GST | 2% + GST | 2% + GST | 0.25% to 3.00% + GST |
Foreclosure charges | 2% to 4% of the outstanding loan amount | 4% of the outstanding loan amount | N/A | Up to 4% of the principal outstanding |
Late payment fee | 2% of the overdue amount per month | 3% of the overdue amount per month | Contact the bank for details | NA |
Before you apply for a personal loan from HDFC Bank, ensure that you go through the loan particulars, check your eligibility, and are familiar with the terms and conditions of the lender.
HDFC Bank Corporate Address
HDFC House, H T Parekh Marg,HDFC Retail Agri-Loans | HDFC Bank Tractor Loan | HDFC Loan Against Property | HDFC Agriculture Loan |
HDFC Loan against Securities | HDFC Loan Against Rent Receivables | HDFC Insta Jumbo Loan | HDFC Insta Loan |
You can repay your loan amount in Equated Monthly Installments (EMIs). The loan repayments can be done via post-dated cheques, ECS, or via a standing instruction to debit the repayment amount from your HDFC Bank account.
You can take a top up loan from HDFC when you opt for a balance transfer with HDFC.
No, HDFC Bank only offers personal loans to salaried individuals. Applicants are required to be employed with a private, public sector, or government body at the time of taking the loan.
No, HDFC Bank charges a fixed rate of interest for personal loans.
For personal loans that were disbursed on or after 1 April 2018, you can make part-payments, provided you have paid at least 12 EMIs.
If you take a personal loan from HDFC Bank, you will need to repay the due amount within 1 year to 5 years (12 to 60 months).
You can check the status of your HDFC personal loan application by visiting the website of HDFC bank. All you need to provide is the reference or proposal number along with the date of birth or mobile number.
The COVID-19 crisis has posed a huge challenge for customers. Hence, based on RBI guidelines, HDFC offers its customers the option to opt for personal loan moratorium. All HDFC Bank customers who have taken personal loan prior to 1st March 2020 are eligible. Customers having overdues before 1st June 2020 are also eligible for personal loan moratorium. However, for the latter, requests shall be considered solely at HDFC’s discretion.
HDFC bank personal loan customer care executives can be contacted by at the listed below numbers depending on the city of your residence:
You can call on these numbers between 8 a.m. and 8 p.m. on all days including Sundays and bank holidays.
A GST rate of 18% will be applicable on banking services and products from 01 July, 2017.
HDFC Bank reported a strong loan growth for the second quarter which ended September 30. The bank said that its advances rose by 15.4% at the end of the second quarter. The total loan disbursed by the bank was recorded to be at Rs.11.98 crore growing 4.4% sequentially.
Retail loans for the September quarter last year rose around 13%, and 5.5% over June. Commercial and rural banking loans grew by 27.5% (y-o-y) at the end of the second quarter, while the wholesale loans rose by 6%.
09 October 2021
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