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 14253 Users
    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
      "Average"
      0.5 4.0/5 "Great!"
      I just came to know the rate of interest what HDFC has offered me was low compared to others. I have taken 3L as a personal loan. The payment of 9,340 rupees will be auto debited from my account. The tenure period was 3 years. I had submitted my documents manually. I got msg saying loan was disbursed but I received the amount after one week.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 20, 2018
    • HDFC Bank Personal Loan
      "Best "
      0.5 4.0/5 "Great!"
      I got the personal loan with the HDFC bank and the rate of interest was around 13%. I would like to say that the customer service was better one with them and I got the disbursement after ten to twelve days of time from the date, when I have applied.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 20, 2018
    • HDFC Bank Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      The rate of interest quoted by Hdfc personal loan department is 11% which is good compared to others in the market. They offer me a loan amount of 1.3 lakhs and the process was very fast . The documents procedure was been easy and it was a good experience with Hdfc personal loan department.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 19, 2018
    • HDFC Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      It was good with HDFC Bank and I paid my first installment as well. They offered a nominal interest rate when compared to others. I have taken 5L and the monthly installment is 11,000 which will be debited automatically. The executive collected the documents at my office. The EMI duration is 3 years.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 19, 2018
    • HDFC Bank Personal Loan
      "Best service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with HDFC bank.The loan amount is two lakhs,rate of interest is high as compared to others.I submitted documents online and the EMI amount is 5875.They had disbursed the loan within the TAT,i would recommend to others.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 19, 2018
    • HDFC Bank Personal Loan
      "Need to reduce the interest"
      0.5 4.0/5 "Great!"
      I got the personal loan around a year ago from HDFC bank. I got the loan amount within 2 to 3 weeks of time. The customer support team is average with the HDFC bank . The rate of interest is very high with HDFC bank personal loan process, it is high when compared with others.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 19, 2018
    • HDFC Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I am having the personal loan with the HDFC bank and the interest rate is around 14% and the customer service is good one for me with them. Response is not really bad one to me. Customer service and other aspects are really good too with the HDFC bank.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 19, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My personal loan was taken with HDFC bank 1 year back. Its a pre approved loan and the loan amount was 70,000. The Interest rate was 14% which is average in the market. The loan process was excellent and with in 10 mins of time the whole process got over. Its a paperless documentation. My overall experience was good.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 18, 2018
    • HDFC Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have my personal loan with HDFC bank. The loan amount was 1lakh and the Interest rate was 12.49% which is very high than other banks in the market. The tenure period was 1 year. The process was quite easy and they have provided door step service for collecting documents, My overall experience was good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 18, 2018
    • HDFC Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with HDFC bank 4 years back. The Interest rate was 12.5% which is average in the market.The customer service and responses was up to the mark., The loan process was good and the documentation was also simple and easy . The loan was approved on time and chargsea are nominal here.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 18, 2018
    • HDFC Bank Personal Loan
      "Average"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with HDFC Bank before one year. The tenure period is 4 years. The rate of interest was 13.5% which was nominal like others. The documents are submitted online and the executive came for the verification. They took more time to process the loan.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 18, 2018
    • HDFC Bank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      The HDFC bank gave me good response in regards to my personal loan application. They have disbursed the loan amount within 5 working days. The customer support was prompt with the HDFC bank and their executive came to m,y place to collect the documents. The rate of interest and the charges were quite high when compared with others.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 18, 2018
    • HDFC Bank Personal Loan
      "Excellent service"
      0.5 4.5/5 "Excellent!"
      The HDFC bank personal loan service was quite good and they gave good response in regards to my personal loan application. They have approved the loan amount of Rs,4,50,000. The customer support was good with the HDFC bank and the rate of interest and the charges are high with the HDFC bank.
      Was this review helpful? 0
      , madurai
      Reviewed on Jan 18, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken personal loan from HDFC bank and the loan experience was good. The loan amount was for Rs 80000 with the rate of interest of 13% which is high when compared to all other banks. This was preapproved loan so no much documents were required and i received my loan amount within a day. Customer service was good and they responded on time. They charged 1% as processing fees and the tenure of this loan is 2 years.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 17, 2018
    • HDFC Bank Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with HDFC Bank through online. My ECS payment got rejected so I had requested for the form but haven't received as it and there was no proper response. They offered 2L and this was for a tenure of 24 months, The rate of interest was 10.9% and it was very much satisfactory.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 17, 2018
    • HDFC Bank Personal Loan
      "Good service and Faster approval"
      0.5 4.0/5 "Great!"
      I had taken a personal loan with HDFC and it was closed 3 months before.I have purchased a bike because the interest rate was low for the personal loan compared to the two wheeler loan. I waited for 15 days then there was no proper response and I applied for a personal loan and got it within 10 minutes.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 17, 2018
    • HDFC Bank Personal Loan
      "Average service"
      0.5 4.0/5 "Great!"
      The HDfC bank has given me good response in regards to my personal loan application. The rate of interest was high with the HDFC ban personal loan which need to be reduced in future. I got the loan amount within 20days of time. The customer support was good with the HDFC bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 17, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      The banking service is good with the HDFC bank. They have disbursed the loan amount within a week time. The required loan amount was not disbursed they have disbursed only 50% of the required loan amount. The rate of interest and the charges were nominal when compared with others.
      Was this review helpful? 0
      , guntur
      Reviewed on Jan 17, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      The required loan amount has been given by the HDFC bank in regards to my personal loan application. The HDFC bank took 10days time to disburse my loan amount. The customer support is good with the HDFC bank. The rate of interest and the charges are nominal with the HDFC bank.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 17, 2018
    • HDFC Bank Personal Loan
      "Satisfactory"
      0.5 4.0/5 "Great!"
      I had taken my personal loan with HDFC Bank through online channel. I am very much satisfied with the rate of interest. I have to pay monthly 6000 rupees through ECS. The executive came to my place and collected all the documents. The part payment and pre closure option is good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 17, 2018
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