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  • HDFC Insta Jumbo Loan is Rated as "Great!" by 13555 Users

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    HDFC Insta Jumbo Loan

    Insta Jumbo Loan on HDFC Credit Card

    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
      "Not good"
      0.5 2.5/5 "Just OK"
      My personal loan is with HDFC bank taken before 1 years . I have taken 4 lakhs and the rate of interest was 13% which was bit high in the market . The EMI period was 4 years. They have provided door step service for he documentation collection and the loan process is also easy. It took 2 weeks for the verifying the documents so they did not sanction the loan with the committed time.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 21, 2017
    • HDFC Bank Personal Loan
      "Good Experience"
      0.5 5.0/5 "Blown Away!"
      HDFC gave me quick loan process, I am very much satisfied with them. I have taken the loan amount of Rs.2 lakhs for the tenure of two years. I felt their interest and processing fee was also quite nominal as per the market. Overall I don't have any issue with them.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 21, 2017
    • HDFC Bank Personal Loan
      "For ordinary people"
      0.5 3.0/5 "Satisfactory"
      HDFC Bank personal loan process is okay, the reason for choosing HDFC Bank was because I hold a salary account with the same bank , also the bank was kind enough in providing this loan as the offer was good therefore I had utilized it. Parallelly , I did not get any discount on the interest rate but the processing fee was reasonable.
      Was this review helpful? 0
      , palladam
      Reviewed on Oct 21, 2017
    • HDFC Bank Personal Loan
      "Expensive interest rate"
      0.5 3.0/5 "Satisfactory"
      My personal loan was taken with HDFC bank. The rate of interest was very expensive, the one and only reason is their processing time is very short. The customer service and response was satisfactory.They have processed my loan within 48 hours. The emi period is 3 years and I took loan amount of 2lakhs.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 21, 2017
    • HDFC Bank Personal Loan
      "Foreclosure charges should be waived off"
      0.5 5.0/5 "Blown Away!"
      HDFC personal loan process was very fast, I don't get a chance to reach the customer care. But if I want to close the loan I need to pay 2% of charges from the principal amount it was really bad. It would be if they avoid collecting foreclosure charges.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 21, 2017
    • HDFC Bank Personal Loan
      "Need to respond quickly"
      0.5 4.0/5 "Great!"
      I took the loan amount of Rs.1.5 lakhs from HDFC BANk for the tenure of two years. The response was very slow and they took long time for the verification process. The loan process took place for around 20 to 30days. The rate of interest was satisfactory. The EMI amount will be auto debited from the salary account.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 21, 2017
    • HDFC Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with HDFC Bank. The customer service and response was good. The executive collected the documents at door step. They have disbursed the loan within 2days. ROI was very less and it was satisfactory. The EMI period is 5 years and payment done through net banking.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 21, 2017
    • HDFC Bank Personal Loan
      "average service"
      0.5 2.5/5 "Just OK"
      I have a ongoing loan from HDFC the service is not good which I expected from HDFC their process was very slow also they need lot of documents during the loan process but they collected the documents from my door step the rate of interest was 11.7 which was fine compare to others in the market I will say the service of HDFC is average for my personal loan service.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 21, 2017
    • HDFC Bank Personal Loan
      "Average service"
      0.5 2.0/5 "Expected more"
      I am not very much happy about the service of HDFC I have already uploaded all my documents through online still they asked for my physical documents also they asked me to take insurance which was not at all needed for me they said it was mandatory to take the insurance also they were not much professional when comes for the interest rate they were bargaining for the interest rate . I would summarize that the service provided by HDFC Bank is average.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 20, 2017
    • HDFC Bank Personal Loan
      "worst service"
      0.5 1.0/5 "Really Bad"
      I am not happy with the service of HDFC for my personal loan service the process was very slow from the date I applied for my personal loan they takes one month to complete my loan process ,I feel they need to improve their service ,HDFC service is is not much as I expected from them.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 20, 2017
    • HDFC Bank Personal Loan
      "very good"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with HDFC bank 3 months back. The loan amount was 1.5 lakhs and the EM,I period was 3 years . The rate of interest was 14% which is bit high in the market. The loan process was easy and hassle free. Its completely paperless also, They have sanctioned the loan with the committed time and provided door step service for the documentation collection.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 20, 2017
    • HDFC Bank Personal Loan
      "Good Experience"
      0.5 5.0/5 "Blown Away!"
      I have taken personal loan two times from HDFC, their service is excellent. Even their interest rate is also nominal as per other banks. I took the amount of Rs. 1.5 lakh and second time I done a top up of Rs. 90,000. Processing time is very short and hassle free.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 20, 2017
    • HDFC Bank Personal Loan
      "Satisfactory services"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from HDFC Bank and the process for the loan was smooth. Being an existing customer the documentation process was easy. The interest rate and processing charges are normal and the after loan services are good too.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 20, 2017
    • HDFC Bank Personal Loan
      "Good services"
      0.5 4.0/5 "Great!"
      HDFC Bank is good in the process for the personal loan. They have been proactive and been supportive as well. The customer services are good and there are no hassles. The process has not completed and it is still on. The bank in also offering me a reasonable rate and fee.
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 20, 2017
    • HDFC Bank Personal Loan
      "Good Experience"
      0.5 5.0/5 "Blown Away!"
      Hdfc done a good job, they only taken seven days to disburse the amount. They gave me door step service, executive came to my place and collected the documents. I took principal amount of Rs. 5.6 lakhs, with good interest rate and processing fee.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 20, 2017
    • HDFC Bank Personal Loan
      "Its Good"
      0.5 4.0/5 "Great!"
      Earlier I taken personal loan of Rs. 3 lakhs from HDFC for the tenure of two years. They done very good loan process, totally they have taken only four days to sanction the personal loan. I paid all the dues and closed the loan without any hassles.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 20, 2017
    • HDFC Bank Personal Loan
      "Good. Can do better in charges"
      0.5 4.0/5 "Great!"
      HDFC Bank is not up to the mark for the personal loan, because there is a lock in period for the foreclosure and the charges are very high for it as well. There are insurance charges too taken for it. Else to avail the loan there is no issues in the process.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 20, 2017
    • HDFC Bank Personal Loan
      "High on ROI and charges"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from HDFC Bank earlier and the process to get the loan was very quick and easy. The customer services was good and they completed the disbursement was on time. The bank was high on the rate of interest and processing charges.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 19, 2017
    • HDFC Bank Personal Loan
      "Personal loan process is good"
      0.5 5.0/5 "Blown Away!"
      HDFC Bank Personal loan process is good, I like everything, they send all correspondence through mail. It is an ongoing loan. ECS is getting debited from my account every month without any hiccups. Interest rate and processing fee charged by HDFC Bank is quite satisfactory
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 19, 2017
    • HDFC Bank Personal Loan
      "Customer friendly"
      0.5 4.0/5 "Great!"
      HDFC documentation procedure was good, their executive have communicated everything on time. The loan disbursement was also happed on time, I felt HDFC service is upto the mark. But I didn't get the certain principal amount which I was expected, it would great if they send mail regarding to the principal amount change.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 19, 2017
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