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  • HDFC Insta Jumbo Loan is Rated as "Great!" by 15427 Users

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    HDFC Insta Jumbo Loan

    HDFC Insta Jumbo Loan was earlier known as Jumbo cash, it is a pre-approved loan that is provided above the credit limit on your HDFC Credit card. The loan amount is not blocked against the credit limit.

    Eligibility Criteria for HDFC Insta Jumbo Loan

    The HDFC Insta Jumbo Loan can be availed by:

    • HDFC Credit card customer who have an active HDFC Bank savings account.
    • You can check your eligibility through net banking, phone banking or you can call the sales officer through your registered contact number or you will be informed via SMS to your registered contact number.
    Apply for Personal Loan

    Loan disbursement

    The loan is disbursed through credit to your HDFC Bank savings account after it has been sanctioned.

    Loan repayment

    A new card number is created for Insta Jumbo Loan account and a separate monthly statement is sent for the account. But the billing cycle and the payment due date is the same as your credit card account. The EMI will be billed in the monthly account statement which starts from the immediate billing cycle date. Auto pay option for the Insta Jumbo Loan account will be activated from 7 days from the date of booking the loan. Your savings account will be debited for the total amount due on the payment due date as indicated in the monthly statement or within 5 working days from the payment due date. You will however have to maintain sufficient balance in your savings account before the payment due date.

    EMI amount is calculated using the reducing balance method and the amount that is payable every month is as follows:

    Month Loan amount of Rs.50,000 Loan amount of Rs.1,00,000 Loan amount of Rs.2,00,000 Loan amount of Rs.3,00,000 Loan amount of Rs.4,00,000 Loan amount of Rs.5,00,000
    60 months Rs.1,189 Rs.2,379 Rs.4,758 Rs.7,137 Rs.9,516 Rs.11,895
    48 months Rs.1,392 Rs.2,783 Rs.5,566 Rs.8,349 Rs.11,132 Rs.13,915
    36 months Rs.1,733 Rs.3,467 Rs.6,933 Rs.10,400 Rs.13,866 Rs.17,333
    24 months Rs.2,424 Rs.4,849 Rs.9,697 Rs.14,546 Rs.19,395 Rs.24,243
    12 months Rs.4,513 Rs.9,026 Rs.18,052 Rs.27,077 Rs.36,103 Rs.45,129

    The interest rate is calculated at 1.25% per month. The monthly due includes EMI and service tax on the interest amount of the EMI.

    You can also make use of the EMI calculators available online to determine the EMI amount that is due each month. You will just have to choose the type of loan that you are applying for and entering the required loan amount, then choose the repayment term and finally enter the interest rate charged each month and then hit the calculate button. You will get a complete detail of the EMI that you will be paying each month for the repayment term.

    Terms and conditions of HDFC Insta Jumbo Loan

    The terms and conditions of applying for HDFC Insta Jumbo Loan are as follows:

    • Only HDFC Credit card customers are eligible for the loan and the bank reserves the right to decide the eligibility.
    • CIBIL verification will be after you have submitted the application form.
    • Separate monthly statement will be sent to for the loan.
    • EMI will include the principal amount as well as the interest amount.
    • Auto pay option will be activated within 7 days of booking the loan. It will be linked to your HDFC Bank savings account.
    • You need to maintain sufficient balance in your savings account.
    • If you miss the payment or make a partial payment towards the loan, you will be fined with Rs.500 penalty plus service tax.
    • Processing fee is charged in the immediate billing cycle after booking the loan.
    • Partial prepayment or closure is not allowed.
    • Loan can be pre-closed at any time and the prepayment charge is 3% of the balance principal outstanding.
    • Service tax is charged on the processing and pre-closure charges.
    • Loan once approved cannot be cancelled.
    • Interest rate is calculated on a reducing balance method.
    • Tenure and the rate of interest is set at the time of booking the loan.
    • Only one HDFC Insta Jumbo Loan can be availed at any time.
    • If you miss the EMI, the loan account services will be suspended.
    • The bank reserves the right to alter, modify or change the terms and conditions at any time.

    HDFC Insta Jumbo Loan Reviews

    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with HDFC bank and my experience with this bank was good,the loan which i expected i got even rate of interest and processing fee is nominal compared to other banks.customer support team is good and they response to me very well.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 14, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have been holding my personal loan with HDFC personal loan , there service is too good like they dont force me to take loan insurance they use to call and ask that you need insurance but never had forced me and the rate of interest they have given me was up to 15% it was nominal and loan amount they have given me was sufficient.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 14, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken my personal loan with HDFC BANK my exoerience was excellent with his bank there rate of interest and there processing fee is nominal and even they gave me good tenure period as i want and they don't take any hidden charges with interest rate. even support team response well.
      Was this review helpful? 0
      , gandhidham
      Reviewed on Nov 14, 2018
    • HDFC Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I had chosen to go with them since because the interest rate with them has been less when compared with the market rate. The process in getting this loan has been good and there has not been any hassles faced. The processing has also been nominal and there has not been any sort of charges which they had made.
      Was this review helpful? 0
      , gandhidham
      Reviewed on Nov 14, 2018
    • HDFC Bank Personal Loan
      "Average Service"
      0.5 2.0/5 "Expected more"
      The experience i had with this loan has not been bad, where the loan amount which they had provided has been satisfactory. The interest rate with them was around 16% which has been a little bit high. The charges which they had made also has been high as well.
      Was this review helpful? 0
      , erode
      Reviewed on Nov 14, 2018
    • HDFC Bank Personal Loan
      "Good In Service"
      0.5 5.0/5 "Blown Away!"
      Well i had applied for a Personal loan with HDFC and it got processed on time. The interest rates are fine as of now. As i got a Salary account with HDFC , i am pretty much aware of their services. I am satisfied with their service overall and i would say HDFC understands a customers Need.
      Was this review helpful? 0
      , surat
      Reviewed on Nov 14, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My personal loan was taken with HDFC BANK , they gave 3year of tenure period . The processing fee and rate of interest what they offered is very nominal in the market . They gave the option of preclosere and services which has been provided is too good .
      Was this review helpful? 2
      , pune
      Reviewed on Nov 13, 2018
    • HDFC Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      It has been an excellent experience i had with this loan, where the documents had been submitted only once and the process has just taken three days. The verification process has also been fast, the loan amount whcih they had provided has been sufficient and the interest rate with them has been good as well.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 13, 2018
    • HDFC Bank Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I am happy with the HDFC customer service. The rate of interest was very high, they charged 17% for the personal loan. The loan duration is 3 years. The payment mode is easy. I have to pay a premium of 2036 rupees. I have not submitted any documents.
      Was this review helpful? 0
      , panipat
      Reviewed on Nov 13, 2018
    • HDFC Bank Personal Loan
      "Really incredible banking experience"
      0.5 5.0/5 "Blown Away!"
      I have never had any issues with HDFC Services. Before the stipulated time i have received the loan as they promised. I did not visited their services. The documentation process was simple and easy. They sent a collection executive to my home to collect the documents. I need to check the documents for the interest rate and process fee. I have applied the loan amount of Rs. 3.5 lakhs and i have received the same.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Nov 13, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      The customer service is good in HDFC. They have charged 18% interest rate for the personal loan which is quite high. I have submitted the documents online. I got the loan in 10 days. I have to pay around 8000 rupees as a premium. I opt the loan for 5 years. I can do the pre closure and part payment after one year.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 13, 2018
    • HDFC Bank Personal Loan
      "Rate of intrest is high"
      0.5 2.0/5 "Expected more"
      My top up loan was taken with HDFC BANK , the tenure period is 3year and they charge very high rate of interest it is 13.99% . The processing fee is 3000 . The process of getting loan was too quick and i did not face any difficulty with customer service .
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 13, 2018
    • HDFC Bank Personal Loan
      "Rate of intrest is high"
      0.5 2.0/5 "Expected more"
      My personal loan was taken with HDFC BANK , the tenure period is 3yera and they charge very high rate of interest it is 16.25% . The processing fee is 3000 and they gave the option of preclosere also but they charge 3% on principal amount which is very high .
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 13, 2018
    • HDFC Bank Personal Loan
      "Average Services"
      0.5 5.0/5 "Blown Away!"
      Its a excellent service provided by HDFC. I'm satisfied with the HDFC Interest rate. I have applied the loan amount of Rs. 5.10 lakhs and i got the interest rate of 12.90% which is reasonable one when i compared with national banks and i have not seen the processing fee properly. Its two months when i got the loan. I got the loan within 2 weeks.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 13, 2018
    • HDFC Bank Personal Loan
      "Fine"
      0.5 4.0/5 "Great!"
      HDFC has moved me to preferred customer and later it was removed without reason. The interest rate 11.99% and which is fine. Whenever I requested for a loan, they will approved it. I am a KYC customer. The payment mode is auto debit. I pay Rs.21,897 every month. Loan duration is 5 years and only 11 months completed.
      Was this review helpful? 0
      , kochi
      Reviewed on Nov 12, 2018
    • HDFC Bank Personal Loan
      "Interest rate should be reasonable"
      0.5 4.0/5 "Great!"
      I got pre approved loan with HDFC within two minutes I got the personal loan amount. But the interest rate is high though I am an existing customer. Remaining all good, the customer service is polite and reachable all the time its 24/7 helpline on queries.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 12, 2018
    • HDFC Bank Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      HDFC is a good bank and they processed the personal loan immediately. The rate of interest was average, it was around 13% and the processing fee around 1% of the loan. The tenure period is 48 months. I have to pay 5968rupees which will be debited automatically from my account. The documentation process carried out by online and also given to executive.
      Was this review helpful? 0
      , thane
      Reviewed on Nov 12, 2018
    • HDFC Bank Personal Loan
      "need to improve service, quality, interest & transparency"
      0.5 2.0/5 "Expected more"
      I took a personal loan with HDFC Bank before 1.5 years and it was completed. I am not at all happy with the service not with the interest rate. There is a hidden charges on foreclosure payment, begining they said 2.5% when I actually want to complete that time they said 4.5% if I complete before 2 years which is really unhappy.
      Was this review helpful? 0
      , thane
      Reviewed on Nov 12, 2018
    • HDFC Bank Personal Loan
      "Excellent"
      0.5 4.0/5 "Great!"
      I was expected the lesser interest rate but HDFC bank have quoted the interest around 10.9% for personal loan. The process was paper less but for approval they taken some time to disburse the amount. I am entirely happy about the service of HDFC bank.
      Was this review helpful? 0
      , nagpur
      Reviewed on Nov 12, 2018
    • HDFC Bank Personal Loan
      "Need to work interest and processing part"
      0.5 3.0/5 "Satisfactory"
      HDFC taken 2 weeks of time to disburse the loan amount, I have already submitted the document through online but stilling they are slow. I suggest them to improve on the processing part and they gave me 13% of interest but I have approved of 11% in other bank.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 12, 2018
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