Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 1 HDFC Insta Loan

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    10.99% - 19.8% Fixed
    Up to 2% One time fee
    25L Max
    1-5 years
    Response Time Within 30 minutes
    Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews

    HDFC Insta Loan is Rated as "Great!" by 12882 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    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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  • HDFC Insta Loan Reviews

    • HDFC Bank Personal Loan
      "Average service"
      0.5 4.0/5 "Great!"
      The loan from HDFC bank Interest rate was very high and the processing fee is high as well so that was the reason I haven't got the personal from HDCF bank . The customer service and the response was good with HDFC bank., It would be great if they can decrease the interest rate as well their processing fee.
      Was this review helpful? 0
      , kolkata
      Reviewed on Aug 18, 2017
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have received HDFC bank personal loan. The customer support was very good with HDFC bank. They have disbursed my personal loan with in 20 days of time. The rate of interest is high when compared with others. I am not satisfied with the loan amount because I have asked for 3lakhs but they have approved only for 2,20,000
      Was this review helpful? 0
      , vapi
      Reviewed on Aug 18, 2017
    • HDFC Bank Personal Loan
      "Good Experience"
      0.5 4.0/5 "Great!"
      I uploaded all the documents through online channel, but the guy came from HDFC again they asked for the same documents, process became hassle. Other than that service part is good. They gave me satisfactory service and offered the loan as my request with 11% on interest.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 18, 2017
    • HDFC Bank Personal Loan
      "Hassle free and customer friendly"
      0.5 5.0/5 "Blown Away!"
      HDFC experience is good, their agents are helpful. I got my personal loan on time and also their interest is also quite less. They gave me corporate interest rate , I working with IBM. Hence the rates are attractive, I am fine with loan process.
      Was this review helpful? 0
      , new delhi
      Reviewed on Aug 18, 2017
    • HDFC Bank Personal Loan
      "Customer friendly"
      0.5 5.0/5 "Blown Away!"
      I am a CTS employee hence HDFC offered me corporate interest of 11% , they sanctioned the requested amount of Rs.2 lakhs. Then I done preclosure without any charges. I received confirmation of loan closure. I am very much satisfied with them.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 18, 2017
    • HDFC Bank Personal Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      HDFC Bank completed my personal loan process on time. The came over and collected my papers on time. The rate of interest was initially of 11.49%. And I had taken this for 4 years of time and the processing fee they have charged was around .5% and loan got disbursed with in a weeks time.
      Was this review helpful? 0
      , vapi
      Reviewed on Aug 18, 2017
    • HDFC Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      HDFC bank has disbursed my personal loan within 15 days of time. The processing fee and the charges are low with HDFC bank personal loan and the interest rate which was offered was also nominal from HDFC bank. The requested loan amount has been disbursed and I am happy with it.
      Was this review helpful? 0
      , pune
      Reviewed on Aug 18, 2017
    • HDFC Bank Personal Loan
      "Average service"
      0.5 2.0/5 "Expected more"
      I haven't got the loan from HDFC bank because I haven't got the any call from the HDFC bank customer support . The rate of interest which was offered by HDFC bank was very high, I would like to to suggest HDFC bank to decrease their interest rate in future.
      Was this review helpful? 0
      , new delhi
      Reviewed on Aug 18, 2017
    • HDFC Bank Personal Loan
      "Its Best"
      0.5 5.0/5 "Blown Away!"
      Process followed by HDFC was hassle free they disbursed the loan amount within a week. But I don't have direct contact with HDFC bank, every time I contact them different persons talks with me, It would be great if one person takes initiative on the loan process.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 18, 2017
    • HDFC Bank Personal Loan
      "Better service poor at Interest rate"
      0.5 4.0/5 "Great!"
      The Interest rate which is offered by HDFC bank in regards to my personal loan was high, but the processing fee was nominal with HDFC bank because of their interest rate I can't proceed with HDFC bank personal loan. The customer support was good with HDFC. I got an average service from HDFC .
      Was this review helpful? 0
      , new delhi
      Reviewed on Aug 18, 2017
    • HDFC Bank Personal Loan
      "Hassle free and customer oriented"
      0.5 5.0/5 "Blown Away!"
      They are really customer oriented and service oriented too, they always providing me best solution. HDFC have fulfilled my requirements on personal loan, I should pay the EMI of Rs.4400 for the principle amount of Rs. 1.30 lakhs for the tenure of three years. Overall I am happy with their service.
      Was this review helpful? 0
      , kolkata
      Reviewed on Aug 18, 2017
    • HDFC Bank Personal Loan
      "Better service"
      0.5 5.0/5 "Blown Away!"
      The HDFC bank personal loan experience was good and they gave a prompt service. The Interest rate with HDFC bank was nominal . The customer service played a major role with HDFC bank. The requested loan amount has been given and I am satisfied it.
      Was this review helpful? 0
      , kolkata
      Reviewed on Aug 18, 2017
    • HDFC Bank Personal Loan
      "Laon process should be faster"
      0.5 4.0/5 "Great!"
      I took loan from HDFC, but there I had some tough time, they didn't disburse the amount on the committed time, I have done several follow up with them, but after my loan amount got disbursed. post process of loan was good, they gave loan letter and I have part and preclosure option.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 17, 2017
    • HDFC Bank Personal Loan
      "Transparent should be more and customer servic working on it"
      0.5 2.0/5 "Expected more"
      Initially HDFC executive have committed lower rate of interest, once the loan was in process, their customer care executive called me again and committed high rate of interest, after that I denied to process with them because that offer was not suitable to me.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 17, 2017
    • HDFC Bank Personal Loan
      "Very good"
      0.5 5.0/5 "Blown Away!"
      I got an excellent loan service from HDFC bank. Nothing less with the bank during my loan process because they done the process in a good manner. Everything was satisfactory like their customer service, interest rate and the rest of the process.
      Was this review helpful? 0
      , mumbai
      Reviewed on Aug 17, 2017
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have cancelled the personal loan application with ICICI bank , I have called and informed to close my personal application because there was no requirement. The required documents also not ready, so that was the reason I have asked them to close the application.
      Was this review helpful? 0
      , medak
      Reviewed on Aug 17, 2017
    • HDFC Bank Personal Loan
      "Five Star"
      0.5 5.0/5 "Blown Away!"
      If I need to rate HDFC bank for my personal loan experience, I would rate them five stars. Because they are actually good. All their services are well approachable and it is so convenient in all the times. There is no error or issues in the loan process.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Aug 17, 2017
    • HDFC Bank Personal Loan
      "HDFC bank is the best"
      0.5 4.0/5 "Great!"
      HDFC bank personal loan process is very good because, I am using HDFC Bank account for the past 7 years and I did not face any issues . The only discomfort here would be the processing fee as it was very high, on the other hand they had give some sort of preference to me by appointing a relationship Manager who takes care of my personal loan details and she is too good in assisting me.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 17, 2017
    • HDFC Bank Personal Loan
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      If the interest rate is satisfactory then everything would be fine. And I am happy about the rate of interest for the personal loan from HDFC bank. I have to mention here that the customer service executives are very polite and they are hard working people. They supported a lot during my loan process. In a simple word, it is a good service.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Aug 17, 2017
    • HDFC Bank Personal Loan
      "Very fast in processing "
      0.5 3.0/5 "Satisfactory"
      HDFC bank was always focusing on the processing of loan. The only hiccup I observed was inspite of me uploading the documents online . I was asked to provide hard copies with attestation which was unnecessary . First of all they took some documents from me and later asked me to sign it . But, I am okay with the rates as they are very fast in processing the loan.
      Was this review helpful? 0
      , kolkata
      Reviewed on Aug 17, 2017
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