• Personal Loan for Accenture Employees

    Accenture is one of India’s leading multi-national corporations, offering services in strategy, consulting, digital, technology, and operations. Employees of Accenture can avail a personal loan for any financial requirements that they might have. Most banks and NBFCs are likely to approve your personal loan request, given that you work for a reputed organisation, subject to you meeting the lender’s other eligibility criteria. Currently, HDFC Bank offer customised personal loan solutions to Accenture employees. Read on to know more about these loans.

    Loans Offered to Accenture Employees

    HDFC Bank Personal Loan for Accenture Employees

    HDFC Bank, one of India’s premier private banks, is offering corporate benefits for Accenture employees. This includes special interest rates for personal loans and car loans, option to create a Salary Family account, and free Personal Accident Death and Air Accident Death Cover, among others.

    Benefits/Key Highlights:

    • HDFC Bank offers personal loans to Accenture employees at reasonable interest rates that start at 11.25% p.a. In comparison, the lender charges a rack interest rate between 15.50% and 21.50% p.a. for other applicants.
    • Accenture employees who have a salary account in HDFC Bank can check their pre-approved loan offers instantly.
    • Eligible applicants can avail a personal loan in 10 seconds via net banking.
    Lender’s Name Interest Rate Processing Fee Loan Amount Loan Tenure EMI Repayment Apply/Enquire Button
    HDFC Bank 11.25% p.a. onwards As per the lender’s terms and conditions As per the lender’s terms and conditions As per the lender’s terms and conditions Rs.16,429 Rs.5,91,430

    *Note: For the EMI and repayment calculation, it is assumed that a loan amount of Rs.5 lakh has been availed for a 3-year term at an interest of 11.25% p.a.


    Listed below are the eligibility criteria that you will need to meet to avail a customised personal loan:

    • You should be an employee of Accenture.
    • Certain lenders may require you to have a salary account with them for you to be able to avail special loan offers.
    • You should be a citizen of India.
    • You should meet the age limit specified by the lender.
    • You should meet the lender’s minimum income requirement, which usually ranges between Rs.25,000 and Rs.35,000, based on where you reside.

    Documents Required to Avail a Personal Loan

    The documents that you will need to submit will vary based on the lender that you choose. That said, as a loan applicant, you may be requested to submit the following documents:

    • KYC documents
    • Salary slips
    • Employee ID card
    • Bank account statements of your salary account

    Things to Consider

    While a personal loan can help you during times of need, there are a few things that you should consider before availing a loan:

    • Determine Your Requirement: You should first assess your requirement for funds. It is vital to not borrow more than what you require since it could make repaying the loan amount difficult.
    • Compare Interest Rates: The interest rates for personal loans can range between 10% p.a. and 24% p.a., based on various factors that are taken into account by respective lenders. Thus, it is in your best interest to compare various loans to ensure that you are charged a reasonable interest rate on your loan.
    • Assess the Costs: In addition to the interest rate, you should also assess the other charges that are applicable such as the processing fee, pre-payment charge, part-payment charge, etc. These charges may increase the cost of your loan. To avoid this, it is advisable to compare the various charges that are levied by different lenders.
    • Check Your Repayment Ability: Before you apply for a personal loan, it is recommended that you check if the monthly repayments are within your budget. You can check the monthly payable EMI with the EMI calculator on the lender’s official website or through a third-party financial services website that will help you compare the EMIs for loans from different lenders.
    • Know Your Credit Score: An individual with a credit score over 750 has a good chance of being offered a personal loan at an affordable interest rate. If your credit score is low, your loan application may be rejected, or you may be offered a personal loan at a high rate of interest. Thus, it is best to check your credit score before applying for a personal loan.

    How to Apply?

    You can apply for a personal loan through the lender’s official website. To do so, you will need to click on the ‘Apply Online’ option, after which you will need to enter a few details. Once you do so, you can proceed with the online loan application. If your loan application is approved, the money will be disbursed into your bank account immediately.

    You can also choose to directly visit the lender’s branch with physical copies of the required documentation. In this case, you will be asked to fill up the application form and submit the copies of the documents to the lender at the branch.

    You can visit a third-party financial services website, through which you will be able to compare the personal loans offered by different lenders. Once you find a loan that is suitable for your needs, you can apply for it online.

    The reputation of the company you work in is very important for approval of personal loans. Banks and Non-Banking Financial Companies (NBFCs) are more likely to approve your personal loan if you are employed with a reputed company. Also, if you have a good credit score and a steady income, you may be able to negotiate better interest rates with banks as well. In addition to the two loans listed above, you can also do your due research and compare loans offered by different lenders to make an informed choice.


    1. Can I make a request for the loan amount to be partially disbursed?

    Most lenders disburse the loan amount in one go, unless otherwise mentioned in the terms and conditions. Make sure to familiarise yourself with the terms and conditions of the loan that you wish to avail before applying for it.

    2. What will happen If I miss an EMI payment?

    It is advisable to not miss any EMI payments. If you miss paying an EMI, your lender may levy a penalty. Also, non-payment of EMIs may impact your credit score, which may, in turn, make it difficult for you to avail any loans going forward. It is likely that missing EMI payments will also affect your relationship with the lender.

    3. Can I prepay the loan amount and close the loan before the completion of the tenure?

    Most lenders will accept pre-payments and part-payments. However, you may be charged a fee for the same.

    4. What are the various modes through which I can pay the EMI?

    You can pay your personal loan via standing instruction (SI), electronic clearing service (ECS), or via post-dated cheques (PDCs). Keep in mind that certain lenders may only accept post-dated cheques at non-ECS locations.

    5. What is the processing fee and do all lenders charge it?

    The processing fee is a one-time fee that is collected by banks and financial institutions before the loan amount is disbursed. The processing fee will usually be a certain percentage of the loan amount or a flat fee, based on the lender’s terms and conditions. Lenders usually deduct the processing fee from the loan amount before disbursing the loan amount.

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