Multiple banks. Different interest rates. Call it a "conflict of interest".
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  • HDFC Bank Loan Against Securities is Rated as "Great!" by 13936 Users

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    HDFC Bank Loan Against Securities

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    This loan is provided to individuals against their held securities, instead of selling their shares when in need of finance. With this product an applicant can get finance with pledging their share and securities for finance from HDFC Bank. The securities can be equity shares, mutual funds, deposit certificates for gold, National Savings certificates, Kisan Vikas Patra, or Debentures that are non-convertible

    What is the eligibility criteria for HDFC Loan Against Securities?

    In order to apply for the HDFC Loan against Securities, the applicant needs to match the following criteria:

    • The applicant must be a resident of the country
    • The applicant can be Resident Indians, NRI, HUF, Sole Proprietorship, Partnership firm, Pvt. Ltd. Company for certain types of securities.

    What is the maximum amount of loan I can avail?

    The loan amount provided will be a minimum of Rs. 2, 00, 000/-

    What is the rate of interest on HDFC Loan against Securities?

    Product

    Interest Rate range

    Loan against equity securities

    10.15% - 13.95%

    Loan against debt securities

    9.45% - 13.00%

    What are the documents required for HDFC Loan against Securities?

    HDFC Bank Loan against Securities Documents required will be

    • Proof of identity
    • Signature proof
    • Proof of residence
    • In the case of HUF, Sole Proprietorship, Partnership firm, Pvt. Ltd. Company, a copy of the Balance Sheet, last 2 years Profit and Loss accounts, and IT returns for 2 years.

    What are the terms for HDFC Loan against Securities?

    1. Pre-payment charges will be allowed only post 6 months, and will be charged 2% will be charged if pre-closed before end of tenor.
    2. Processing fee of 1.00% of the loan amount or a minimum of Rs. 2000, and standard taxes and charges like stamp duty will be applicable as well.
    3. The loan amount will only be disbursed after the documents are submitted along with the pledge
    4. Pledging fees of up to Rs.5/- per NSC/KVP/Bond/Insurance Policy/MF Unit Certificate
    5. The margin requirement will be reviewed on a regular basis.
    6. The applicant will need to provide the bank with details on the change of job or home address if any.

    How do I apply for this loan?

    The application form can be downloaded from the website, but you will also need to visit the branch nearest to you with the form and related documents. You can also apply for this loan via net banking in 3 simple steps:

    1. Login to your net banking using your credentials.
    2. Click on the Demat tab, then click request
    3. Click on loan against securities, and select their shares from your Demat account.

    HDFC Bank Loan Against Securities Reviews

    • 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
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have the personal loan with the HDFC bank and the interest rate is bit higher end. I have taken it almost before two years of time and the rate of interest was on lesser end. I am happy with the HDFC bank and everything was fine.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 17, 2017
    • HDFC Bank Personal Loan
      "Not bad not good"
      0.5 3.0/5 "Satisfactory"
      My personal loan was taken with HDFC bank 1 years back . The loan amount was 2.5 lakhs and the interest rate was 13-14% which was very high than other banks in the market. They have sanctioned the loan with the committed time and provided door step service for collecting documents. My overall experience was not good not bad.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 16, 2017
    • HDFC Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      Via credit card I got the personal loan with HDFC bank. The customer support was good with HDFC bank. I got the loan amount within a 20minutes of time, because it is an pre approved loan and I never submitted any kind of documents , The rate of interest was average with HDFC bank.
      Was this review helpful? 0
      , hospet
      Reviewed on Nov 16, 2017
    • HDFC Bank Personal Loan
      "Excellent service"
      0.5 3.0/5 "Satisfactory"
      I have applied for the personal loan from HDFC bank, my loan application was closed because there was an issue with the salary, i get my salary via cash. When it comes to customer service, it was good and they responded well, they gave proper guidance on what is the next time. The rate of interest was nominal when compared to others in the market.
      Was this review helpful? 0
      , kurukshetra
      Reviewed on Nov 16, 2017
    • HDFC Bank Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      I have arranged the required loan amount from other source so that was the reason I haven't got the personal loan from HDFC bank. The customer support is average with HDFC bank. The rate interests and the charges are high with HDFC bank when compared with others banks.
      Was this review helpful? 0
      , cuddalore
      Reviewed on Nov 16, 2017
    • HDFC Bank Personal Loan
      "Good customer service"
      0.5 4.0/5 "Great!"
      I have applied for the personal loan from HDFC bank, my loan application was closed because the interest rate and charges are very high when compared to other sources in the market. Customer service from HDFC bank was good and they responded on time. All the information was given correctly by the customer care executive.
      Was this review helpful? 0
      , nagpur
      Reviewed on Nov 16, 2017
    • HDFC Bank Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      I have opted for the personal loan from HDFC bank last month. The personal loan service was very fast and quick . I got the loan amount within a hour, because it is an pre approved loan, I never submitted any documents to HDFC bank. The rate of interest which they have offered was high when compared with others.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 16, 2017
    • HDFC Bank Personal Loan
      "Good experience but high rate of interest"
      0.5 3.0/5 "Satisfactory"
      I have taken a personal loan with HDFC and the service and the experience with them while getting the loan approved and the procedures were done on time and was hassle free however i felt that the rate of interest was too high and was not that comfortable with it.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 16, 2017
    • HDFC Bank Personal Loan
      "My worst ever experience "
      0.5 0.5/5 "Unacceptable"
      My loan got approved 3 days back. I am yet to get any status on disbursement. They say that you will get the money today or tomorrow for past 3 days. The rep never answers calls. No courtesy or professionalism at all. If you have any other choise please don't choose hdfc. Their work methods are total chaos.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 16, 2017
    • HDFC Bank Personal Loan
      "Needs to improve"
      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 proper follow up after the application was submitted. The customer service team did not come to collect the documents and also there was no interaction with them, they did not response when called. The rate of interest is high when compared to others in the market.
      Was this review helpful? 0
      , bhilai
      Reviewed on Nov 16, 2017
    • HDFC Bank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I have tried applying personal loan with HDFC bank, but the HDFC executives told that my current is not eligible to go with the personal loan. The customer support is below average with HDFC bank, because I never got any call back from HDFC bank. The rate of interest and the charges are high with HDFC bank when compared with ICICI bank.
      Was this review helpful? 0
      , nellore
      Reviewed on Nov 16, 2017
    • HDFC Bank Personal Loan
      "Best banking"
      0.5 4.0/5 "Great!"
      I had requested for a personal loan with Hdfc bank.The loan amount i had taken from the bank is 2.20 lakhs,Rate of interest is 12.30% high as compared to others.Tenure had taken it for 16 months.They had deducted 2% processing fees from the principal.
      Was this review helpful? 0
      , idar
      Reviewed on Nov 15, 2017
    • HDFC Bank Personal Loan
      "Better banking"
      0.5 4.0/5 "Great!"
      I have requested for a personal loan with Hdfc bank.The loan amount i had requested is one lakh,they had promised to give me 50,000 hence i had closed the application.Rate of interest is 12.30% high as compared to other bank.Net banking is very easy to understand and navigate.
      Was this review helpful? 0
      , idar
      Reviewed on Nov 15, 2017
    • HDFC Bank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I have previously taken personal loan from HDFC bank, the experience was not so good with HDFC personal loan. The loan amount was for 2 lakhs with rate of interest of 16% which is way high when compared to other banks. Customer service was average and up to the mark. The process was bit delayed and it took 2 weeks of time for the loan to get approved.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 15, 2017
    • HDFC Bank Personal Loan
      "Best banking"
      0.5 4.0/5 "Great!"
      I have requested for a personal loan with Hdfc bank.The loan amount is 75 thousand.I have closed it because i don't have any requirement as of now.otherwise the bank service is good they had responded the details of the loan on time. The website is easy to understand and navigate.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 15, 2017
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