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  • HDFC Insta Loan is Rated as "Great!" by 15420 Users

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    Personal Loan BYTES FROM OUR KITCHEN

    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.

    HDFC Insta Loan Reviews

    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with HDFC bank and my experience with this bank was good,the loan which i expected i got even rate of interest and processing fee is nominal compared to other banks.customer support team is good and they response to me very well.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 14, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have been holding my personal loan with HDFC personal loan , there service is too good like they dont force me to take loan insurance they use to call and ask that you need insurance but never had forced me and the rate of interest they have given me was up to 15% it was nominal and loan amount they have given me was sufficient.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 14, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken my personal loan with HDFC BANK my exoerience was excellent with his bank there rate of interest and there processing fee is nominal and even they gave me good tenure period as i want and they don't take any hidden charges with interest rate. even support team response well.
      Was this review helpful? 0
      , gandhidham
      Reviewed on Nov 14, 2018
    • HDFC Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I had chosen to go with them since because the interest rate with them has been less when compared with the market rate. The process in getting this loan has been good and there has not been any hassles faced. The processing has also been nominal and there has not been any sort of charges which they had made.
      Was this review helpful? 0
      , gandhidham
      Reviewed on Nov 14, 2018
    • HDFC Bank Personal Loan
      "Average Service"
      0.5 2.0/5 "Expected more"
      The experience i had with this loan has not been bad, where the loan amount which they had provided has been satisfactory. The interest rate with them was around 16% which has been a little bit high. The charges which they had made also has been high as well.
      Was this review helpful? 0
      , erode
      Reviewed on Nov 14, 2018
    • HDFC Bank Personal Loan
      "Good In Service"
      0.5 5.0/5 "Blown Away!"
      Well i had applied for a Personal loan with HDFC and it got processed on time. The interest rates are fine as of now. As i got a Salary account with HDFC , i am pretty much aware of their services. I am satisfied with their service overall and i would say HDFC understands a customers Need.
      Was this review helpful? 0
      , surat
      Reviewed on Nov 14, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My personal loan was taken with HDFC BANK , they gave 3year of tenure period . The processing fee and rate of interest what they offered is very nominal in the market . They gave the option of preclosere and services which has been provided is too good .
      Was this review helpful? 2
      , pune
      Reviewed on Nov 13, 2018
    • HDFC Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      It has been an excellent experience i had with this loan, where the documents had been submitted only once and the process has just taken three days. The verification process has also been fast, the loan amount whcih they had provided has been sufficient and the interest rate with them has been good as well.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 13, 2018
    • HDFC Bank Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I am happy with the HDFC customer service. The rate of interest was very high, they charged 17% for the personal loan. The loan duration is 3 years. The payment mode is easy. I have to pay a premium of 2036 rupees. I have not submitted any documents.
      Was this review helpful? 0
      , panipat
      Reviewed on Nov 13, 2018
    • HDFC Bank Personal Loan
      "Really incredible banking experience"
      0.5 5.0/5 "Blown Away!"
      I have never had any issues with HDFC Services. Before the stipulated time i have received the loan as they promised. I did not visited their services. The documentation process was simple and easy. They sent a collection executive to my home to collect the documents. I need to check the documents for the interest rate and process fee. I have applied the loan amount of Rs. 3.5 lakhs and i have received the same.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Nov 13, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      The customer service is good in HDFC. They have charged 18% interest rate for the personal loan which is quite high. I have submitted the documents online. I got the loan in 10 days. I have to pay around 8000 rupees as a premium. I opt the loan for 5 years. I can do the pre closure and part payment after one year.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 13, 2018
    • HDFC Bank Personal Loan
      "Rate of intrest is high"
      0.5 2.0/5 "Expected more"
      My top up loan was taken with HDFC BANK , the tenure period is 3year and they charge very high rate of interest it is 13.99% . The processing fee is 3000 . The process of getting loan was too quick and i did not face any difficulty with customer service .
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 13, 2018
    • HDFC Bank Personal Loan
      "Rate of intrest is high"
      0.5 2.0/5 "Expected more"
      My personal loan was taken with HDFC BANK , the tenure period is 3yera and they charge very high rate of interest it is 16.25% . The processing fee is 3000 and they gave the option of preclosere also but they charge 3% on principal amount which is very high .
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 13, 2018
    • HDFC Bank Personal Loan
      "Average Services"
      0.5 5.0/5 "Blown Away!"
      Its a excellent service provided by HDFC. I'm satisfied with the HDFC Interest rate. I have applied the loan amount of Rs. 5.10 lakhs and i got the interest rate of 12.90% which is reasonable one when i compared with national banks and i have not seen the processing fee properly. Its two months when i got the loan. I got the loan within 2 weeks.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 13, 2018
    • HDFC Bank Personal Loan
      "Fine"
      0.5 4.0/5 "Great!"
      HDFC has moved me to preferred customer and later it was removed without reason. The interest rate 11.99% and which is fine. Whenever I requested for a loan, they will approved it. I am a KYC customer. The payment mode is auto debit. I pay Rs.21,897 every month. Loan duration is 5 years and only 11 months completed.
      Was this review helpful? 0
      , kochi
      Reviewed on Nov 12, 2018
    • HDFC Bank Personal Loan
      "Interest rate should be reasonable"
      0.5 4.0/5 "Great!"
      I got pre approved loan with HDFC within two minutes I got the personal loan amount. But the interest rate is high though I am an existing customer. Remaining all good, the customer service is polite and reachable all the time its 24/7 helpline on queries.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 12, 2018
    • HDFC Bank Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      HDFC is a good bank and they processed the personal loan immediately. The rate of interest was average, it was around 13% and the processing fee around 1% of the loan. The tenure period is 48 months. I have to pay 5968rupees which will be debited automatically from my account. The documentation process carried out by online and also given to executive.
      Was this review helpful? 0
      , thane
      Reviewed on Nov 12, 2018
    • HDFC Bank Personal Loan
      "need to improve service, quality, interest & transparency"
      0.5 2.0/5 "Expected more"
      I took a personal loan with HDFC Bank before 1.5 years and it was completed. I am not at all happy with the service not with the interest rate. There is a hidden charges on foreclosure payment, begining they said 2.5% when I actually want to complete that time they said 4.5% if I complete before 2 years which is really unhappy.
      Was this review helpful? 0
      , thane
      Reviewed on Nov 12, 2018
    • HDFC Bank Personal Loan
      "Excellent"
      0.5 4.0/5 "Great!"
      I was expected the lesser interest rate but HDFC bank have quoted the interest around 10.9% for personal loan. The process was paper less but for approval they taken some time to disburse the amount. I am entirely happy about the service of HDFC bank.
      Was this review helpful? 0
      , nagpur
      Reviewed on Nov 12, 2018
    • HDFC Bank Personal Loan
      "Need to work interest and processing part"
      0.5 3.0/5 "Satisfactory"
      HDFC taken 2 weeks of time to disburse the loan amount, I have already submitted the document through online but stilling they are slow. I suggest them to improve on the processing part and they gave me 13% of interest but I have approved of 11% in other bank.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 12, 2018
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