Multiple banks. Different interest rates. Call it a "conflict of interest".
Multiple banks. Different interest rates. Call it a "conflict of interest".
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  • HDFC Insta Loan is Rated as "Great!" by 14265 Users
    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
      "Very Good"
      0.5 4.0/5 "Great!"
      I was in urgent need of loan due to my financial crisis. Where I got the proposed from HDFC bank to take my personal loan. I was in requirement of rs 4,00,000, they provided with rs 2,00,000 with 10-15 days of time. Interest rate was good in the market of 10.5% and the tenure was of 36 months.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 22, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The personal loan got approved within a week time from the HDFC bank service. The required loan amount has been given and I am satisfied with it. The rate of interest and the charges were very high with the HDFC bank, when compared with the other banks.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 22, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      The HDFC bank executives came to my place to collect the documents on time. The promised loan amount was not disbursed . The customer support service was good with the HDFC bank. I got the loan amount within a week time . The rate of interest and the charges are high when compared with others.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 22, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The HDFC bank took around a week time to disburse the loan amount. The customer support was average with the HDFC bank. The Executives came to my place to collect the documents on time. I am satisfied with the loan amount. The rate of interest is nominal with HDFC bank.
      Was this review helpful? 0
      , pune
      Reviewed on Jan 22, 2018
    • HDFC Bank Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      The rate of interest offer by Hdfc personal loan department is 13 % which is fine compared to others in the market. The documents procedure was very smooth they have collected all the documents from my door step and the customer support was good. It was a good experience dealing with HDFC.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 22, 2018
    • HDFC Bank Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      HDFC personal loan department was good. The customer support was prompt. They had offered me a rate of interest of 11 % which was fine and the documents were collected from my door step.It was a good experience with Hdfc personal loan department.
      Was this review helpful? 0
      , pune
      Reviewed on Jan 22, 2018
    • HDFC Bank Personal Loan
      "Average"
      0.5 4.0/5 "Great!"
      I just came to know the rate of interest what HDFC has offered me was low compared to others. I have taken 3L as a personal loan. The payment of 9,340 rupees will be auto debited from my account. The tenure period was 3 years. I had submitted my documents manually. I got msg saying loan was disbursed but I received the amount after one week.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 20, 2018
    • HDFC Bank Personal Loan
      "Best "
      0.5 4.0/5 "Great!"
      I got the personal loan with the HDFC bank and the rate of interest was around 13%. I would like to say that the customer service was better one with them and I got the disbursement after ten to twelve days of time from the date, when I have applied.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 20, 2018
    • HDFC Bank Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      The rate of interest quoted by Hdfc personal loan department is 11% which is good compared to others in the market. They offer me a loan amount of 1.3 lakhs and the process was very fast . The documents procedure was been easy and it was a good experience with Hdfc personal loan department.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 19, 2018
    • HDFC Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      It was good with HDFC Bank and I paid my first installment as well. They offered a nominal interest rate when compared to others. I have taken 5L and the monthly installment is 11,000 which will be debited automatically. The executive collected the documents at my office. The EMI duration is 3 years.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 19, 2018
    • HDFC Bank Personal Loan
      "Best service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with HDFC bank.The loan amount is two lakhs,rate of interest is high as compared to others.I submitted documents online and the EMI amount is 5875.They had disbursed the loan within the TAT,i would recommend to others.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 19, 2018
    • HDFC Bank Personal Loan
      "Need to reduce the interest"
      0.5 4.0/5 "Great!"
      I got the personal loan around a year ago from HDFC bank. I got the loan amount within 2 to 3 weeks of time. The customer support team is average with the HDFC bank . The rate of interest is very high with HDFC bank personal loan process, it is high when compared with others.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 19, 2018
    • HDFC Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I am having the personal loan with the HDFC bank and the interest rate is around 14% and the customer service is good one for me with them. Response is not really bad one to me. Customer service and other aspects are really good too with the HDFC bank.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 19, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My personal loan was taken with HDFC bank 1 year back. Its a pre approved loan and the loan amount was 70,000. The Interest rate was 14% which is average in the market. The loan process was excellent and with in 10 mins of time the whole process got over. Its a paperless documentation. My overall experience was good.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 18, 2018
    • HDFC Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have my personal loan with HDFC bank. The loan amount was 1lakh and the Interest rate was 12.49% which is very high than other banks in the market. The tenure period was 1 year. The process was quite easy and they have provided door step service for collecting documents, My overall experience was good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 18, 2018
    • HDFC Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with HDFC bank 4 years back. The Interest rate was 12.5% which is average in the market.The customer service and responses was up to the mark., The loan process was good and the documentation was also simple and easy . The loan was approved on time and chargsea are nominal here.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 18, 2018
    • HDFC Bank Personal Loan
      "Average"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with HDFC Bank before one year. The tenure period is 4 years. The rate of interest was 13.5% which was nominal like others. The documents are submitted online and the executive came for the verification. They took more time to process the loan.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 18, 2018
    • HDFC Bank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      The HDFC bank gave me good response in regards to my personal loan application. They have disbursed the loan amount within 5 working days. The customer support was prompt with the HDFC bank and their executive came to m,y place to collect the documents. The rate of interest and the charges were quite high when compared with others.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 18, 2018
    • HDFC Bank Personal Loan
      "Excellent service"
      0.5 4.5/5 "Excellent!"
      The HDFC bank personal loan service was quite good and they gave good response in regards to my personal loan application. They have approved the loan amount of Rs,4,50,000. The customer support was good with the HDFC bank and the rate of interest and the charges are high with the HDFC bank.
      Was this review helpful? 0
      , madurai
      Reviewed on Jan 18, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken personal loan from HDFC bank and the loan experience was good. The loan amount was for Rs 80000 with the rate of interest of 13% which is high when compared to all other banks. This was preapproved loan so no much documents were required and i received my loan amount within a day. Customer service was good and they responded on time. They charged 1% as processing fees and the tenure of this loan is 2 years.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 17, 2018
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