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 13555 Users

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    HDFC Bank Loan Against Securities

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    Overview about HDFC Loan against Securities

    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
      "Not good"
      0.5 2.5/5 "Just OK"
      My personal loan is with HDFC bank taken before 1 years . I have taken 4 lakhs and the rate of interest was 13% which was bit high in the market . The EMI period was 4 years. They have provided door step service for he documentation collection and the loan process is also easy. It took 2 weeks for the verifying the documents so they did not sanction the loan with the committed time.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 21, 2017
    • HDFC Bank Personal Loan
      "Good Experience"
      0.5 5.0/5 "Blown Away!"
      HDFC gave me quick loan process, I am very much satisfied with them. I have taken the loan amount of Rs.2 lakhs for the tenure of two years. I felt their interest and processing fee was also quite nominal as per the market. Overall I don't have any issue with them.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 21, 2017
    • HDFC Bank Personal Loan
      "For ordinary people"
      0.5 3.0/5 "Satisfactory"
      HDFC Bank personal loan process is okay, the reason for choosing HDFC Bank was because I hold a salary account with the same bank , also the bank was kind enough in providing this loan as the offer was good therefore I had utilized it. Parallelly , I did not get any discount on the interest rate but the processing fee was reasonable.
      Was this review helpful? 0
      , palladam
      Reviewed on Oct 21, 2017
    • HDFC Bank Personal Loan
      "Expensive interest rate"
      0.5 3.0/5 "Satisfactory"
      My personal loan was taken with HDFC bank. The rate of interest was very expensive, the one and only reason is their processing time is very short. The customer service and response was satisfactory.They have processed my loan within 48 hours. The emi period is 3 years and I took loan amount of 2lakhs.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 21, 2017
    • HDFC Bank Personal Loan
      "Foreclosure charges should be waived off"
      0.5 5.0/5 "Blown Away!"
      HDFC personal loan process was very fast, I don't get a chance to reach the customer care. But if I want to close the loan I need to pay 2% of charges from the principal amount it was really bad. It would be if they avoid collecting foreclosure charges.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 21, 2017
    • HDFC Bank Personal Loan
      "Need to respond quickly"
      0.5 4.0/5 "Great!"
      I took the loan amount of Rs.1.5 lakhs from HDFC BANk for the tenure of two years. The response was very slow and they took long time for the verification process. The loan process took place for around 20 to 30days. The rate of interest was satisfactory. The EMI amount will be auto debited from the salary account.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 21, 2017
    • HDFC Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with HDFC Bank. The customer service and response was good. The executive collected the documents at door step. They have disbursed the loan within 2days. ROI was very less and it was satisfactory. The EMI period is 5 years and payment done through net banking.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 21, 2017
    • HDFC Bank Personal Loan
      "average service"
      0.5 2.5/5 "Just OK"
      I have a ongoing loan from HDFC the service is not good which I expected from HDFC their process was very slow also they need lot of documents during the loan process but they collected the documents from my door step the rate of interest was 11.7 which was fine compare to others in the market I will say the service of HDFC is average for my personal loan service.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 21, 2017
    • HDFC Bank Personal Loan
      "Average service"
      0.5 2.0/5 "Expected more"
      I am not very much happy about the service of HDFC I have already uploaded all my documents through online still they asked for my physical documents also they asked me to take insurance which was not at all needed for me they said it was mandatory to take the insurance also they were not much professional when comes for the interest rate they were bargaining for the interest rate . I would summarize that the service provided by HDFC Bank is average.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 20, 2017
    • HDFC Bank Personal Loan
      "worst service"
      0.5 1.0/5 "Really Bad"
      I am not happy with the service of HDFC for my personal loan service the process was very slow from the date I applied for my personal loan they takes one month to complete my loan process ,I feel they need to improve their service ,HDFC service is is not much as I expected from them.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 20, 2017
    • HDFC Bank Personal Loan
      "very good"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with HDFC bank 3 months back. The loan amount was 1.5 lakhs and the EM,I period was 3 years . The rate of interest was 14% which is bit high in the market. The loan process was easy and hassle free. Its completely paperless also, They have sanctioned the loan with the committed time and provided door step service for the documentation collection.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 20, 2017
    • HDFC Bank Personal Loan
      "Good Experience"
      0.5 5.0/5 "Blown Away!"
      I have taken personal loan two times from HDFC, their service is excellent. Even their interest rate is also nominal as per other banks. I took the amount of Rs. 1.5 lakh and second time I done a top up of Rs. 90,000. Processing time is very short and hassle free.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 20, 2017
    • HDFC Bank Personal Loan
      "Satisfactory services"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from HDFC Bank and the process for the loan was smooth. Being an existing customer the documentation process was easy. The interest rate and processing charges are normal and the after loan services are good too.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 20, 2017
    • HDFC Bank Personal Loan
      "Good services"
      0.5 4.0/5 "Great!"
      HDFC Bank is good in the process for the personal loan. They have been proactive and been supportive as well. The customer services are good and there are no hassles. The process has not completed and it is still on. The bank in also offering me a reasonable rate and fee.
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 20, 2017
    • HDFC Bank Personal Loan
      "Good Experience"
      0.5 5.0/5 "Blown Away!"
      Hdfc done a good job, they only taken seven days to disburse the amount. They gave me door step service, executive came to my place and collected the documents. I took principal amount of Rs. 5.6 lakhs, with good interest rate and processing fee.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 20, 2017
    • HDFC Bank Personal Loan
      "Its Good"
      0.5 4.0/5 "Great!"
      Earlier I taken personal loan of Rs. 3 lakhs from HDFC for the tenure of two years. They done very good loan process, totally they have taken only four days to sanction the personal loan. I paid all the dues and closed the loan without any hassles.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 20, 2017
    • HDFC Bank Personal Loan
      "Good. Can do better in charges"
      0.5 4.0/5 "Great!"
      HDFC Bank is not up to the mark for the personal loan, because there is a lock in period for the foreclosure and the charges are very high for it as well. There are insurance charges too taken for it. Else to avail the loan there is no issues in the process.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 20, 2017
    • HDFC Bank Personal Loan
      "High on ROI and charges"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from HDFC Bank earlier and the process to get the loan was very quick and easy. The customer services was good and they completed the disbursement was on time. The bank was high on the rate of interest and processing charges.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 19, 2017
    • HDFC Bank Personal Loan
      "Personal loan process is good"
      0.5 5.0/5 "Blown Away!"
      HDFC Bank Personal loan process is good, I like everything, they send all correspondence through mail. It is an ongoing loan. ECS is getting debited from my account every month without any hiccups. Interest rate and processing fee charged by HDFC Bank is quite satisfactory
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 19, 2017
    • HDFC Bank Personal Loan
      "Customer friendly"
      0.5 4.0/5 "Great!"
      HDFC documentation procedure was good, their executive have communicated everything on time. The loan disbursement was also happed on time, I felt HDFC service is upto the mark. But I didn't get the certain principal amount which I was expected, it would great if they send mail regarding to the principal amount change.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 19, 2017
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