Multiple banks. Different interest rates. Call it a "conflict of interest".
Multiple banks. Different interest rates. Call it a "conflict of interest".
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  • HDFC Insta Jumbo Loan is Rated as "Great!" by 14150 Users

    Fees & Charges

    Promised Interest Rate

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    Personal Loan BYTES FROM OUR KITCHEN

    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.

    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 5.0/5 "Blown Away!"
      The HDFC personal loan service was good and I have got the loan amount within 3 days of time. The customer support is prompt with the HDFC bank and they give good response to the customers,. The required loan amount has been given and I am satisfied with it.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 15, 2017
    • HDFC Bank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      The personal loan service was average with the HDFC bank . The interest rate is very high with the HDFC bank personal loan service. I got the personal loan around 6 months ago. They have taken around 10minutes to disburse my loan amount, because I have applied for the personal loan via HDFC bank net banking.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Dec 15, 2017
    • HDFC Bank Personal Loan
      "Good"
      0.5 4.5/5 "Excellent!"
      I have my personal loan with HDFC Bank . The loan amount was 2 lakhs and the interest rate was 15-16% which was very high than other banks in the market . The tenure period was 4 years and they have sanctioned the loan with the committed time. The customer service and responses was satisfactory .
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Dec 14, 2017
    • HDFC Bank Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      The rate of interest offered by hdfc personal loan department was little high compared to others in the market ,but they ask for lot of documents during the process and the payments where generally through online. The customer support was good it was a good experience with hdfc personal loan department.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Dec 14, 2017
    • HDFC Bank Personal Loan
      "Good Experience"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from HDFC. The approved loan amount was 2 lakhs. The rate of interest was 14%. I have taken the tenure for 24 months. Since i hold a saving account with HDFC bank, within 48 hours the amount got credited. It was a good experience.
      Was this review helpful? 0
      , chennai
      Reviewed on Dec 13, 2017
    • HDFC Bank Personal Loan
      "Better"
      0.5 3.0/5 "Satisfactory"
      I had closed my personal loan with HDFC bank before 2 years. It was a good experience. The customer service and response was good. The executive came to my place and collected the documents. I have taken 22L for 16 months. The interest rate was normal like other banks on that time.
      Was this review helpful? 2
      , bangalore
      Reviewed on Dec 13, 2017
    • HDFC Bank Personal Loan
      "Overall process is good"
      0.5 4.0/5 "Great!"
      HDFC Bank is overall good and I have taken a personal loan from them. I had no hassles with the interest rate and charges. It was normal process and they were quick to disburse the loan. The after loan process is also satisfactory. In all no issues.
      Was this review helpful? 2
      , bangalore
      Reviewed on Dec 13, 2017
    • HDFC Bank Personal Loan
      "Interest and Charges should be reduced"
      0.5 4.0/5 "Great!"
      Previously I had loan with HDFC, I took principal amount Rs. 4 lakhs but there interest rate was high around 14.5% so I have done balance transfer from HDFC to ICICI. Documentation process was very simple with HDFC bank. But I was disappointed with the rate of interest and foreclosure charges.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Dec 12, 2017
    • HDFC Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      The personal loan service has been given by HDFC around 6 months ago. The process was smooth with HDFC bank. They have disbursed the loan amount with in 3 days time. The required loan amount has been disbursed and I am satisfied with it. The rate of interest was 12.5%, I would say it is low when compared with others.
      Was this review helpful? 1
      , chennai
      Reviewed on Dec 12, 2017
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with Hdfc bank.I have requested for 3.50 lakhs hover they have credited only 1.80 lakhs post deducting processing fees and insurance charge.I am not happy with the service as they need to be transparent the customers.They initially told it will be process within 24 hours but its got credited after 10 days.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Dec 12, 2017
    • HDFC Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have applied for a personal loan with Hdfc bank.The loan amount is received as expected Rate of interest is nominal as compared to other banks. They had processed the request within the turn around time.Its hassle free banking with them.The website is easy to understand and navigate.
      Was this review helpful? 2
      , mumbai
      Reviewed on Dec 12, 2017
    • HDFC Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with Hdfc bank.The loan amount is 98,000,rate of interest is nominal compared to others.They had immediately processed the request and was credited on time.The executives shared complete details.Net banking and phone banking service is good.
      Was this review helpful? 2
      , mumbai
      Reviewed on Dec 12, 2017
    • HDFC Bank Personal Loan
      "Need to improve documentaion procedure"
      0.5 4.0/5 "Great!"
      I have applied for a personal loan with Hdfc bank.The loan amount is 2.70 lakhs.The service is not up to the mark they have asked to submit documents multiple times which was required and the payment options are not easy to understand,no one has called me so far post getting loan and explained the procedure and charges are high.
      Was this review helpful? 0
      , pune
      Reviewed on Dec 12, 2017
    • HDFC Bank Personal Loan
      "Best service"
      0.5 4.5/5 "Excellent!"
      My personal loan experience with HDFC bank was very good, the loan amount was for Rs 1.28 lakhs with the nominal rate of interest when compared to other banks. Customer service was good and their response was prompt. The loan amount got transfered to my account within 5 minutes and the process was very quick.
      Was this review helpful? 1
      , new delhi
      Reviewed on Dec 11, 2017
    • HDFC Bank Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      My personal loan experience with HDFC bank was good, the loan amount was for Rs 1 lakh and the rate of interest was less when compared to all other banks. The process was very smooth and my loan amount was approved within the given time. Customer service was good and they provided door step service to collect the documents. It was overall a good service from HDFC bank.
      Was this review helpful? 2
      , kolkata
      Reviewed on Dec 11, 2017
    • HDFC Bank Personal Loan
      "Best"
      0.5 4.0/5 "Great!"
      I am having the personal loan with the HDFC bank and the interest rate is good one. The loan amount got disbursed within ten days of time. Everything is good one with the HDFC bank for the credit process.
      Was this review helpful? 2
      , chennai
      Reviewed on Dec 11, 2017
    • HDFC Bank Personal Loan
      "Good "
      0.5 4.0/5 "Great!"
      My personal loan was taken with HDFC bank. The loan amount was 2 lakhs and the rate of interest was satisfactory . The customer service and responses was good. The processing fee was 7000 which was bit high but I had a very hassle free. My overall experience was good.
      Was this review helpful? 0
      , kollam
      Reviewed on Dec 11, 2017
    • HDFC Bank Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I had closed the personal loan with the HDFC bank too and currently its a top up loan now . I would like to say that the rate of interest was around 15% and the loan amount got disbursed within two weeks of time.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Dec 11, 2017
    • HDFC Bank Personal Loan
      "Average"
      0.5 4.0/5 "Great!"
      I have the personal loan with the HDFC bank and the interest rate was around 13.5%, also they have disbursed the loan amount within two weeks of time. I am happy with the HDFC bank and everything is fine one for me.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Dec 11, 2017
    • HDFC Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      It was a smooth process with hdfc for my personal loan service ,the customer support was good. The rate of interest they offered me was fine compared to others in the market and the documents have been collected from my door step it was a excellent service from hdfc personal loan department.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 11, 2017
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