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  • HDFC Insta Jumbo Loan is Rated as "Great!" by 15203 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
      "Satisfactory"
      0.5 4.0/5 "Great!"
      I have taken my personal loan was taken with HDFC Bank 2.5 years back. The loan amount was 1 lakh.The interest rate was quite satisfactory and the tenure period was 2 years .I am happy with the service and responses . There is no inconvenience faced and the pre closure is after 2 years .
      Was this review helpful? 1
      , new delhi
      Reviewed on Sep 21, 2018
    • HDFC Bank Personal Loan
      "Satisfactory"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with HDFC Bank and the process of documentation process was very good. I got the loan on time and the rate of interest and processing charges is nominal and in all there are no issues to get the loan. A smooth process in all.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Sep 21, 2018
    • HDFC Bank Personal Loan
      "Very good"
      0.5 4.5/5 "Excellent!"
      I have taken my personal loan with HDFC bank 1 year ba4ck. The loan amount was 4,25,000 and the interest rate was average The tenure period was 2 years . I had a good satisfactory experience . They have sanctioned the loan with the committed time also. There are no difficulties faced .
      Was this review helpful? 2
      , bangalore
      Reviewed on Sep 20, 2018
    • HDFC Bank Personal Loan
      "Very good"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with HDFC bank 1 year back. I have taken 2.5 lakhs and the interest rate was satisfactory . I am happy with the customer service and responses. There is no inconvenience faced and the process was completely hassle free.
      Was this review helpful? 4
      , chennai
      Reviewed on Sep 20, 2018
    • HDFC Bank Personal Loan
      "good service"
      0.5 5.0/5 "Blown Away!"
      My jumbo loan was taken with HDFC BANK , the tenure period is 2year . They charge 15% of interest rate and it is too high. There is no processing fee with this bank and the best part they gave preclosere option . The service and process was good and smooth with this bank .
      Was this review helpful? 2
      , hyderabad
      Reviewed on Sep 19, 2018
    • HDFC Bank Personal Loan
      "good service"
      0.5 5.0/5 "Blown Away!"
      My jumbo loan was taken with HDFC BANK , their tenure period is 4year . The best part is processing fee is free with this bank and rate of interest is 1.3% which is nominal in the market . There is option preclosere with 3% on principal amount . Overall it is good to have HDFC BANK.
      Was this review helpful? 3
      , pune
      Reviewed on Sep 19, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with HDFC bank and my experience was good, the loan amount was for Rs 1 lacs with nominal interest rate of 11.5%. Customer service was good with this bank and they followed up on time and the tenure period for this loan is 2 years.
      Was this review helpful? 3
      , hyderabad
      Reviewed on Sep 19, 2018
    • HDFC Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      It has been a very good experience i had with this personal loan and the loan amount which they had provided also had been satisfactory as well. The interest rate with them has been nominal when compared with the market rate. Their customer support also had been responsive where they had been helpful at times.
      Was this review helpful? 2
      , chennai
      Reviewed on Sep 19, 2018
    • HDFC Bank Personal Loan
      "Nice experience"
      0.5 5.0/5 "Blown Away!"
      I am a prime customer of HDFC Bank and they have offered me a personal loan as well. The customer services and response is good and the process was on time to get the loan. The rate of interest and processing charges was normal too. I am happy with the experience.
      Was this review helpful? 2
      , bangalore
      Reviewed on Sep 18, 2018
    • HDFC Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I had chosen to go with HDFC since my salary account has been with them so that it will be very much easy so that the EMI will be deducted directly from my bank account. The process in getting this loan ahs been easy and smooth and the loan amount which they had provided also had been satisfactory. There has been an offer going on and since the interest rate with them has been quite low when compared with the market rate.
      Was this review helpful? 2
      , noida
      Reviewed on Sep 17, 2018
    • HDFC Bank Personal Loan
      "Excellent Service"
      0.5 4.0/5 "Great!"
      It has been a very good experience i had with this personal loan from HDFC where the process in getting this loan had been smooth and easy. The loan amount which they had provided had been satisfactory and the interest rate with them has also been good when compared with the market rate.
      Was this review helpful? 1
      , visakhapatnam
      Reviewed on Sep 17, 2018
    • HDFC Bank Personal Loan
      "Very Good Service"
      0.5 5.0/5 "Blown Away!"
      It has been a very good experience i had with them so far. The loan amount which they had provided also had been satisfactory and the interest rate which they had charged also had been very low when compared with the market rate. There has been some processing fee which they had charged, their customer support and their staff responses also had been good but it has been hard to reach with their customer support executives.
      Was this review helpful? 1
      , vijayawada
      Reviewed on Sep 17, 2018
    • HDFC Bank Personal Loan
      "good service"
      0.5 4.0/5 "Great!"
      My personal loan was taken with HDFC BANK ,They charged 16% rate of interest which is too high and tenure period is 2year .The processing fee with this bank is 2% and it is too high with this bank . Loan amount is up to the mark with this bank . Customer support and their response is good with this bank .
      Was this review helpful? 2
      , gurgaon
      Reviewed on Sep 17, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My experience with HDFC bank for personal loan was good, the process took 1 week to complete. The loan amount was for Rs 1 lac with nominal interest rate when compared to others. Customer service was good and they responded on time. The tenure period for this loan is 2 years.
      Was this review helpful? 1
      , bangalore
      Reviewed on Sep 17, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      The process in getting this loan has been smooth and easy. The loan amount which they had provided had been less than i expected, but the interest rate with them had been good. There has not been any hassle faced with the services of them. Their customer support and their staff responses also had been good as well.
      Was this review helpful? 3
      , new delhi
      Reviewed on Sep 17, 2018
    • HDFC Bank Personal Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      It has been a good experience in getting this personal loan and the loan amount which they had provided also had been satisfactory. The interest rate with them has been a little higher when compared with the market rate. There has not been any charges which they had taken on processing and their customer support had been good.
      Was this review helpful? 5
      , bangalore
      Reviewed on Sep 17, 2018
    • HDFC Bank Personal Loan
      "Not satisfied with the service"
      0.5 1.0/5 "Really Bad"
      The experience i had with them has not been satisfactory and the process has been good in getting the loan. There has been some small issues when i was trying to close it before the tenure period where there was no option for a pre closure. The interest rate has been quite nominal with them and the loan amount was okay.
      Was this review helpful? 3
      , chennai
      Reviewed on Sep 17, 2018
    • HDFC Bank Personal Loan
      "good service"
      0.5 4.0/5 "Great!"
      My personal loan was taken with HDFC BANK , the processing fee is 8000 and it is too high , there is no preclosere option with this bank . Rate of interest is 17.5% and it is not nominal in the market . Customer support and their response is good , i got my loan soon , there is no issue with this bank .
      Was this review helpful? 4
      , chennai
      Reviewed on Sep 16, 2018
    • HDFC Bank Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      HDFC Bank has also offered me a personal loan. The customer services and response is good. The process to get the loan was smooth and easy. The rate of interest and processing charges is also normal. The after loan services are good and on time.
      Was this review helpful? 3
      , bangalore
      Reviewed on Sep 15, 2018
    • HDFC Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I had taken this loan a long time back and the process in getting the loan was smooth and easy where i had done everything through internet banking. The loan amount which they had provided had been satisfactory and the interest rate which they had charged also had been good. There has not been any hassles faced with their banking services so far.
      Was this review helpful? 1
      , chennai
      Reviewed on Sep 12, 2018
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