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

    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 2.5% One time fee
    25L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1000 Amazon voucher free 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 12325 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
      "Satisfied"
      0.5 4.0/5 "Great!"
      I got the personal loan with the HDFC bank for the interest rate as 12.9% and the customer service was pretty good,. Within a week of time, the loan amount got disbursed to my account and the response was very good. Processing charges and the insurance charges were around 7000 Rupees, which should be optional.
      Was this review helpful? 0
      , pune
      Reviewed on May 24, 2017
    • HDFC Bank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      My personal loan process been cancelled with HDFC bank as I could not able to produce certain documents. HDFC people contacted me on my loan application and they responded well on it. But I could not avail the loan from them.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 24, 2017
    • HDFC Bank Personal Loan
      "Overall good"
      0.5 4.0/5 "Great!"
      HDFC Bank contacted me initially for the personal loan and later they did not follow up. There were no issues on the interest rate and processing charges. It would have been better if the team informed me the reason for the loan not being processed.
      Was this review helpful? 0
      , chennai
      Reviewed on May 24, 2017
    • HDFC Bank Personal Loan
      "Delighted service "
      0.5 5.0/5 "Blown Away!"
      It was very quick service with HDFC bank, they have take very few days to process my personal loan application. They have fulfilled my requirement within the promised time. They took around 4 days to disburse my personal loan. I am happy with the loan amount. The rate of interest is nominal with HDFC bank. I am happy with the HDFC bank service.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 24, 2017
    • HDFC Bank Personal Loan
      "Good In Interest Rate"
      0.5 5.0/5 "Blown Away!"
      I received personal loan with HDFC bank with the interest rate of 9.5%. Interest rate is normal with HDFC when compared with other banks, so I do not have any issues with the bank. I am happy with the services of HDFC.
      Was this review helpful? 0
      , haldwani
      Reviewed on May 24, 2017
    • HDFC Bank Personal Loan
      "Okay bank"
      0.5 3.0/5 "Satisfactory"
      I got the personal loan with the HDFC bank, it was very easy to approach through the processing charges were on higher end when compared with others market scenario. Foreclosure charges and the partial payment charges were huge with them.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 24, 2017
    • HDFC Bank Personal Loan
      "Very good in services"
      0.5 5.0/5 "Blown Away!"
      HDFC Bank has also offered me a personal loan with a better deal than what ICICI Bank did. I got a interest rate of 14% and the processing charges was of 1%. The loan amount disbursed was as per my requirement and the after loan services are also smooth,
      Was this review helpful? 0
      , chennai
      Reviewed on May 24, 2017
    • HDFC Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I got the personal loan with the HDFC bank and the rate of interest was much lesser with them not sure how much it was even they charged some processing fee. The loan amount got disbursed within 2 minutes of time. Since I hold a salary account with them.
      Was this review helpful? 0
      , bharuch
      Reviewed on May 24, 2017
    • HDFC Bank Personal Loan
      "Don't go for HDFC Personal Loan! Killing preclosure charges"
      0.5 0.5/5 "Unacceptable"
      They literally suck all the blood of customers! You are not allowed to close the loan prior to 1 year and after 1 yr pre-closure charge is 4.5% + 15% tax on charge! For a 1.6 L outstanding balance, the pre-closure penalty comes around 10K! No matter if you are a classic customer or whatso ever! They suck your blood like a vampire! I have paid more than 30K as interest for the loan amount of 2.5 in a year! Still, they want to suck my blood till the very last drop!
      Was this review helpful? 0
      , chennai
      Reviewed on May 24, 2017
    • HDFC Bank Personal Loan
      "Average Service"
      0.5 2.0/5 "Expected more"
      HDFC bank ensured that my personal application will be approved hence I cancelled my loan application with other banks and I was waiting for the approval of HDFC bank. All of a sudden they informed me that my application got rejected, but they did not disclose the reason for the rejection. The response at the branch is not good as well as their rules and regulations are very high. But they delivered good customer service for my loan application.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 24, 2017
    • HDFC Bank Personal Loan
      "High ROI & charges"
      0.5 3.0/5 "Satisfactory"
      HDFC Bank contacted me initially and later they did not follow up for the personal loan. More over the rate of interest was on the higher side, it was around 12.59%. The bank was higher on the processing charges as well. I did not go ahead because of the lack of response & high rate.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 24, 2017
    • HDFC Bank Personal Loan
      "Good Bank"
      0.5 4.0/5 "Great!"
      When I applied for a personal loan with HDFC bank, my credit score is not been updated so I could not able to avail the loan. I am waiting for a month, after which I will apply for the loan again. Everything was good with HDFC like their responsiveness and their customer service too.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 23, 2017
    • HDFC Bank Personal Loan
      "Satisfied"
      0.5 4.0/5 "Great!"
      There was no necessity to get the personal loan on that time because I had sorted out the reason for the personal loan. Rate of interest was around 11.99% for the personal loan with the HDFC bank and the customer services are always good and the response is very good too.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 23, 2017
    • HDFC Bank Personal Loan
      "Good Bank"
      0.5 5.0/5 "Blown Away!"
      Interest rate for the personal loan is 11.29% with HDFC bank. They done with the process in five days. The processing fee for the loan is around 999. I am very much happy with HDFC bank for the loan. The customer service of HDFC bank is really a standard one.
      Was this review helpful? 0
      , kanchipuram
      Reviewed on May 23, 2017
    • HDFC Bank Personal Loan
      "Need to improve"
      0.5 2.0/5 "Expected more"
      From HDFC bank bank, nobody have contacted me for the personal loan and I have seen the interest rate as 14% for the personal loan, also am okay with that. I would like to suggest that they need to contact the customers, if they are interested in the products.
      Was this review helpful? 0
      , silchar
      Reviewed on May 23, 2017
    • HDFC Bank Personal Loan
      "Need improvement in customer support"
      0.5 1.0/5 "Really Bad"
      I am trying to reach HDFC executive but they are not picking my call to give my personal loan status. I had for the applied personal loan a month ago, still I haven't got any status for my personal loan application. The rate of interest is nominal with HDFC bank. I would like to suggest that they need to improve their customer support service .
      Was this review helpful? 0
      , chennai
      Reviewed on May 23, 2017
    • HDFC Bank Personal Loan
      "Very worsk Banks for loans"
      0.5 0.5/5 "Unacceptable"
      I took 280000 and when i tried to prepay the loan in the second year they charged me 4.6%. Although 4 % is only mentioned in the Loan documents.Such a pathetic bank to take loan. Worst HDFC.Never evre think of taking loan from HDFC. No partpayment facility ...nothing..Helll!!!!
      Was this review helpful? 0
      , chennai
      Reviewed on May 23, 2017
    • HDFC Bank Personal Loan
      "The Fastest Service"
      0.5 5.0/5 "Blown Away!"
      I had taken a personal loan fro HDFC bank. They processed the loan within ten minutes when I applied for the loan. This is the fastest service I ever received. Interest rate is something low at that time but then when I compared with other banks, it can be reduced even more.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 23, 2017
    • HDFC Bank Personal Loan
      "Average service"
      0.5 2.0/5 "Expected more"
      My credit score is fine, there by I am very much eligible to apply for a personal loan but in my report, it shows my earlier personal loan is pending with Axis, that was the reason I haven't got the loan from HDFC bank. The Hdfc executive advised me to check after 2 months, I can apply for the personal loan also the rate of interest levied is very much nominal.
      Was this review helpful? 0
      , mysore
      Reviewed on May 23, 2017
    • HDFC Bank Personal Loan
      "Good in Response"
      0.5 5.0/5 "Blown Away!"
      My personal loan is in process with HDFC bank. Initially I applied for the loan with another bank but when I did not receive proper response, I moved to HDFC where I am getting good response towards my personal loan application. Till date I do not have any issues with HDFC for the loan process.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 23, 2017
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