Multiple banks. Different interest rates. Call it a "conflict of interest".
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  • HDFC Insta Loan is Rated as "Great!" by 13936 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
      "Average service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with HDFC bank, it was overall a good loan experience. The loan amount was for Rs 4 lakhs with the rate of interest of 15.78% which is high when compared to other banks. I submitted all my documents online and the process was very smooth. Customer service was good and they responded on time. My loan amount was approved within a week which is a normal time.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Nov 18, 2017
    • HDFC Bank Personal Loan
      "Need to improve service"
      0.5 3.0/5 "Satisfactory"
      I have applied for a personal loan with HDFC bank. They took a longer time to disburse. I applied in 1st week of September 2017 and the loan got disbursed at 28th September 2017. They offered me the personal loan with the processing fees and insurance Rs. 3600 and around 13% - 14% as rate of interest. I asked them for an email confirmation but till now it is not received.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 18, 2017
    • HDFC Bank Personal Loan
      "GOOD"
      0.5 4.0/5 "Great!"
      It was a good customer service form the HDFC bank side for the Personal loan . As i am living in Bangalore i wanted a call from the Bangalore branch but instead to that i received call from my native home branch . Rest every thing was good from the bank .
      Was this review helpful? 0
      , tenkasi
      Reviewed on Nov 18, 2017
    • HDFC Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      My personal loan experience with HDFC was good, there was no delay in processing and the process was smooth. It took one week for the loan to get approved which is a normal time. I have taken loan for Rs 2.5 lakhs with the rate of interest of 14.5% which is high comparatively. No documents were required as i already hold a salary account with this bank.
      Was this review helpful? 0
      , delhi
      Reviewed on Nov 18, 2017
    • HDFC Bank Personal Loan
      "Services are good"
      0.5 5.0/5 "Blown Away!"
      I recently took my personal loan from HDFC Bank. It has been just three months now. The interest rate was around 11.20% and the customer services was perfect. There was no delay and the I was comfortable with the whole process. The after loan services are good too.
      Was this review helpful? 0
      , tiruchirapalli
      Reviewed on Nov 18, 2017
    • HDFC Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have applied for a personal loan with HDFC bank before 2 years and it's still active loan. They collected the documents by next day and within 10 days my personal loan got approved and disbursed my funds after my documents submission. They offered me the loan with 8.5% as rate of interest and the processing fees is Rs. 20000.
      Was this review helpful? 0
      , rewari
      Reviewed on Nov 18, 2017
    • HDFC Bank Personal Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I took a personal loan from the HDFC bank . The bank gave me a Full approval on the amount i asked for .the amount got Disbursed in a day to my account . The Rate of interest was a bit it was I6% and the processing fee was nominal but the bank did not provide me Pre closure part payment option .
      Was this review helpful? 0
      , jodhpur
      Reviewed on Nov 18, 2017
    • HDFC Bank Personal Loan
      "Average service"
      0.5 4.0/5 "Great!"
      I have applied for the personal loan from HDFC bank, my loan application was closed because there was no requirement of loan as of now, i am planning to get the loan in month of February. Customer service from HDFC bank was good, they responded on time. The rate of interest is high when compared to others in the market.
      Was this review helpful? 0
      , surat
      Reviewed on Nov 18, 2017
    • HDFC Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have applied for a personal loan with HDFC bank. They collected the documents by next day and within a week my personal loan got approved and disbursed my funds after my documents submission. They offered me the loan with 10.99% as rate of interest and there is no processing fees.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 18, 2017
    • HDFC Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have previously applied for the personal loan from HDFC bank, it was a good loan experience. The loan amount was for Rs 5 lakhs with the rate of interest of 13.75% which is high when compared to other banks. The process was very smooth, the services were delayed due to festival. Customer service and their response was good, they provided door step service to collect the documents.
      Was this review helpful? 0
      , pune
      Reviewed on Nov 18, 2017
    • HDFC Bank Personal Loan
      "GOOD"
      0.5 4.0/5 "Great!"
      It was a good customer service i received form the HDFC Bank side for the personal loan i applied for . I got a full approval on the loan amonut i wanted for . The money got Disbursed to my account within 2 working days . Rate of interest was 11.5% low only and processing fee was 1500 rs . Pre closure option is there with charges applied to it .
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 18, 2017
    • HDFC Bank Personal Loan
      "Fast loan approve"
      0.5 5.0/5 "Blown Away!"
      HDFC is doing well in term of loan experience, service is good they provide hassle free service. I took the amount of Rs. 5 lakhs, again I done the top up of Rs. 7 lakhs, but their interest rate is nominal in the market, it should be reduced, so many customers can avail it.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 18, 2017
    • HDFC Bank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I found lot of delay in the process of HDFC for my personal loan service but I feel lot of communication problem with HDFC service they provided me with affordable interest rate and the customer service was good with HDFC for my personal loan service.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 17, 2017
    • HDFC Bank Personal Loan
      "Better service"
      0.5 5.0/5 "Blown Away!"
      I got the personal loan with HDFC bank around a year ago, The customer support was prompt in the personal;loan process. They have disbursed the loan amount within a week time. The requested loan amount has been disbursed and I am satisfied with it. The rate of interest is high with HDFC personal loans when compared with others banks.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 17, 2017
    • HDFC Bank Personal Loan
      "Needs to improve"
      0.5 1.0/5 "Really Bad"
      I have applied for the personal loan from HDFC bank, my loan application was closed because there was no proper follow up after the application was submitted. The customer service team did not respond and there was no call back from them to collect the documents. The rate of interest was not an issue.
      Was this review helpful? 0
      , allahabad
      Reviewed on Nov 17, 2017
    • HDFC Bank Personal Loan
      "easy approval for personal loan"
      0.5 4.0/5 "Great!"
      I have applied for the personal loan form HDFC bank 3 years back, it was overall a good loan experience. The loan amount was for Rs 1.75 lakhs with the less interest rate. Documents were collected door step. The customer service was good and they responded on time but the process was quite long.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 17, 2017
    • HDFC Bank Personal Loan
      "Nominal rate of interest"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with HDFC bank and i it has been a smooth process and experience with them so far. The rate of interest is nominal for the amount taken.I personally feel that HDFC is good with their rates compared to many other banks.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 17, 2017
    • HDFC Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have taken personal loan from HDFC bank, my loan application was approved and the requested amount was disbursed. The loan amount was for Rs 1.5 lakhs with good rate of interest. The tenure was for 4 years and i pay an EMI for Rs 4398. This was an pre approved loan so no documents were required. Customer service was good and they followed up on time. The process was very smooth and easy.
      Was this review helpful? 0
      , rourkela
      Reviewed on Nov 17, 2017
    • HDFC Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Though my salary was around 12K earlier. I am glad that HDFC Bank offered me a personal loan of 1.50 Lakh. Being a corporate customer I get a good deal on the interest rate and charges. The bank also provide the best of services always. I have no issues till date.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 17, 2017
    • HDFC Bank Personal Loan
      "Not satisfied"
      0.5 1.0/5 "Really Bad"
      I have approached HDFC bank for my personal loan. The customer service and responsiveness was satisfactory here but they have rejected my application since my there was some issue with the documents I have submitted . I was looking for 3-4 lakhs and the interest rate was 12% which was high in the market. My overall experience was not satisfactory.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Nov 17, 2017
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