Multiple banks. Different interest rates. Call it a "conflict of interest".
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  • HDFC Insta Loan Reviews

    • HDFC Bank Personal Loan
      "Its Good"
      0.5 5.0/5 "Blown Away!"
      I am getting the salary of Rs.20,000 but HDFC were expecting the salary around Rs.22,000 hence I am unable to process with them due their norms on the personal loan. HDFC interest was high on personal loan however service wise HDFC is good...
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      , chennai
      Reviewed on Sep 25, 2017
    • HDFC Bank Personal Loan
      "Customer's friendly"
      0.5 5.0/5 "Blown Away!"
      HDFC gave me competitive interest rate as per the bank on personal loan, I took the amount of Rs.75,000 for the tenure of three years. It got closed by paying entire tenure period. HDFC response part is really good, they have responded well on request.
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      , new delhi
      Reviewed on Sep 25, 2017
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The personal loan process was good with HDFC bank and they have disbursed my loan amount within a week time,. The customer service is good with HDFC bank. "The rate of interest is high with HDFC bank when compared with others. I can say I got good service from HDFC.
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      , chennai
      Reviewed on Sep 25, 2017
    • HDFC Bank Personal Loan
      "Fast process"
      0.5 4.0/5 "Great!"
      The process at HDFC Bank was super fast and fantastic. They took just a day for the approval and after which I got the personal loan on time. The disbursement was as expected and the interest rate and processing charges is normal. I am happy with the overall process.
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      , tandur
      Reviewed on Sep 25, 2017
    • HDFC Bank Personal Loan
      "Its Excellent"
      0.5 4.0/5 "Great!"
      I was looking for lower interest on personal loan but HDFC offered me the interest rate around 14% it was huge and not competitive, I am fine with their service part, they contacted me and gave me the regular follow up. But I am not convinced with the interest rate provided by HDFC Bank.
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      , chandigarh
      Reviewed on Sep 25, 2017
    • HDFC Bank Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      The HDFC bank has approved and disbursed my loan amount within 1 week time.The customer service is good with HDFC bank they gave prompt response in regards to my personal loan. The rate of interest is nominal with HDFC bank. The required ,loan amount has been approved and I am satisfied with it.
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      , bangalore
      Reviewed on Sep 25, 2017
    • HDFC Bank Personal Loan
      "Nice experience"
      0.5 5.0/5 "Blown Away!"
      As soon as I placed a request for the personal loan. HDFC Bank contacted me immediately and processed my details. The process was very convenient and they understood my requirement and gave me the loan. The interest rate and processing charges is also normal.
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      , pune
      Reviewed on Sep 25, 2017
    • HDFC Bank Personal Loan
      "Dissatisfaction"
      0.5 1.0/5 "Really Bad"
      Due to personal reason I haven't take personal loan from HDFC but they gave me couple of calls from their end. But HDFC ready to sanction only the interest rate 13.99%, but I was looking for 11% of interest. Hence I don't have idea to go head for loan process.
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      , bangalore
      Reviewed on Sep 25, 2017
    • HDFC Bank Personal Loan
      "Good Experience"
      0.5 3.5/5 "Pretty good"
      I don't have issue with HDFC, I am a old customer of the bank, they provides me lower interest but still currently I hold AXIS account, they gave me preapproved loan and also they do have part payment. Hence I didn't take personal loan from HDFC bank.
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      , bangalore
      Reviewed on Sep 25, 2017
    • HDFC Bank Personal Loan
      "Good one"
      0.5 3.5/5 "Pretty good"
      I really don't know why HDFC have declined my loan application. Initial process was good HDFC have called me but not from the direct bank some agencies were calling me. I am not sure about it. Finally my loan application got closed, it would be great if they improve the response part.
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      , mumbai
      Reviewed on Sep 25, 2017
    • HDFC Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I am having the personal loan with the HDFC bank and the interest rate is nominal one for me. Customer service is an excellent one fro me and everything is better one for me. Within five days of time, the loan amount got disbursed.
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      , pune
      Reviewed on Sep 25, 2017
    • HDFC Bank Personal Loan
      "Interest rate should be market standard"
      0.5 3.0/5 "Satisfactory"
      I was looking for lower personal loan interest rate but HDFC offered me 11% of interest. When other banks are ready to offer 9% of interest. I don't have interest to process with HDFC. Hence I didn't avail that personal loan even their response is not good.
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      , bangalore
      Reviewed on Sep 25, 2017
    • HDFC Bank Personal Loan
      "Super fast process"
      0.5 5.0/5 "Blown Away!"
      I finally got my personal loan with HDFC Bank. All I had to do was to log in to my account online and click on the preapproved option. Once I clicked on it, I got an OTP and after I entered the OTP I got a graph of the EMI selection and in the next two second the amount was in my account. The interest rate was on the higher side. It was nearing 16%.
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      , new delhi
      Reviewed on Sep 25, 2017
    • HDFC Bank Personal Loan
      "It was okay"
      0.5 3.0/5 "Satisfactory"
      I was not at all happy with the service and the experience i had with the HDFC BANK for my personal loan process which I applied for . I actually applied for a personal loan of 3 lakhs but the HDFC bank told that i am only eligible for a personal of rupees 70,000 . The amount was real low as what i need therefore I cancelled the loan.
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      , ongole
      Reviewed on Sep 24, 2017
    • HDFC Bank Personal Loan
      "Good"
      0.5 1.0/5 "Really Bad"
      The service which was provided by HDFC BANK for my Personal Loan i applied was bad . The customer service offered by HDFC Bank side is very bad and every documentation was done . The approval process took too much of time in that interval i applied through another bank and within few working days . The correct infromation was also not delivered to me properly.
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      , new delhi
      Reviewed on Sep 24, 2017
    • HDFC Bank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I have approached HDFC bank for my personal loan. The rate of interest was low comparing to other banks in the market. I have postponed my loan process due to my personal reason. Their representative helped a lot and the responses was immediate. My overall experience was good.
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      , bankura
      Reviewed on Sep 24, 2017
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The HDFC processing fee and the charges are average with the personal loan process. The perosnal loan service which HDFC bank gave was quite good. The rate of interest is nominal with HDFC bank. The processing fee and the charge need t o reduced in HDFC bank.
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      , bangalore
      Reviewed on Sep 24, 2017
    • HDFC Bank Personal Loan
      "Excellent services"
      0.5 5.0/5 "Blown Away!"
      HDFC Bank has been very professional when ever I reached out to them. I have taken a personal loan and the banking services are excellent. The response was perfect and the process for the loan was also completed on time. The interest rate and processing charges are normal.
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      , kota
      Reviewed on Sep 24, 2017
    • HDFC Bank Personal Loan
      "High interest rate"
      0.5 2.5/5 "Just OK"
      I applied for a personal loan with HDFC BANK. The rate of interest provided by the bank is 14 percentage. For 5 lakhs rupees the rate of rate was too high tho i approached the bank but no executive from the bank end turned up later. thus my application got cancelled.
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      , secunderabad
      Reviewed on Sep 24, 2017
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The HDFC bank understands the customers requirement and they will fulfill the customers requirement within the turnaround time. They have disbursed my loan amount within 10days of time. The customer service is good with HDFC bank. The rate of interest is nominal with HDFC bank when compared with others.
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      , bangalore
      Reviewed on Sep 24, 2017
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    HDFC Insta Loan is Rated as "Great!" by 13283 Users

    Fees & Charges

    Promised Interest Rate

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    Personal Loan BYTES FROM OUR KITCHEN

    HDFC Insta Loan

    Know about HDFC Insta Loan

    Insta loan was earlier called as cash on call, it is a loan within the credit limit on your HDFC credit card. The loan amount is blocked against the credit limit.

    Eligibility criteria for HDFC Insta Loan

    HDFC Insta Loan is available to select HDFC credit card holders. To know if you are eligible, you can check it through NetBanking, Phone banking, visit your branch or an executive will call you and let you know if you are eligible. You might also get a SMS to your registered contact number to know if you are eligible to avail the HDFC Insta Loan.

    Loan Disbursement

    The loan is disbursed through the following ways:

    • The amount will be credited to HDFC Bank Savings Account
    • Demand draft will be drawn in favour of the applicant's name as per the HDFC Credit card records.

    Loan Repayment

    The loan is to be paid every month and it will be billed to the monthly statement of your credit card. The loan is repaid in EMIs and it will be included in the minimum amount due that will be appearing in your credit card statement.

    The EMI is paid in the following manner and it is calculated using the reducing balance method:

    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
    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
    18 months Rs.3,119 Rs.6,238 Rs.12,477 Rs.18,715 Rs.24,954 Rs.31,192
    12 months Rs.4,513 Rs.9,026 Rs.18,052 Rs.27,077 Rs.36,103 Rs.45,129

    In the above table the interest was calculated at 1.25% per month. The monthly due will include EMI and service tax on the interest amount of 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.

    Term and conditions of HDFC Insta Loan

    The following are the applicable terms and conditions:

    • HDFC Bank reserves the right to decide the eligibility to avail HDFC Insta Loan.
    • The loan amount is less than or equal to the available credit limit on the credit card at the time of processing the loan.
    • The loan amount is blocked against the credit limit and the cash limit will be zero.
    • Equated monthly instalment will include the principal amount along with the interest amount. Monthly loan repayment is EMI along with the service tax on the interest amount of EMI.
    • Processing fee is charged during the immediate billing cycle after booking the loan.
    • The loan can be pre-closed at any time and the pre-closure charge is 3%.
    • Service tax is 14.5% per annum and it is charged on the interest amount of EMI on a monthly basis and is charged on the processing fee and pre-closure charge. The service tax rate is subject to change as per the Government regulations.
    • Partial prepayment of the loan is not allowed.
    • A maximum of 2 HDFC Insta Loans can be availed at any point provided you meet the eligibility criteria.
    • The loan can’t be cancelled once it has been approved and processed.
    • The interest rate and the processing fee will be confirmed while booking the loan.
    • The tenure once set cannot be changed.
    • The loan amount can’t be invested in stock market, mutual funds and for other speculative purposes.
    • If you default on the EMI payment, the loan service will be suspended.
    • The bank can alter, modify or change the terms and conditions without prior notice.
    • The loan is disbursed to your HDFC Bank Savings Account or to HDFC Bank Salary Account.
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