Multiple banks. Different interest rates. Call it a "conflict of interest".
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  • HDFC Bank Professional Loans is Rated as "Great!" by 14976 Users

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    HDFC Bank Professional Loans

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    The HDFC Professional Loans a personal loan product from HDFC Bank meant for working professionals to provide them with the ability to get finance to meet their requirements and also they are provide the applicant with a Credit Protect Insurance Plan. The loan will be sanctioned and disbursed in quick and efficient manner, the documentation involved is also extremely simple and also the bank provides you with the loan in a quick turnaround time.

    Where is the purpose of HDFC Professional Loans?

    The HDFC Professional Loans will work like a personal loan but meant only for working professionals, the uniqueness of this product is that along with a loan amount you can link your savings bank account and pay a nominal premium and get additional insurance plan called the Credit Protect Insurance Plan.

    What is the eligibility criteria for HDFC Professional Loans?

    Any working professionals are eligible for this loan such as Doctors, Chartered Accountants, and Architects, any professional who are consulting or run a self-practice. The criteria they need to match are:

    • The should have a minimum of 4 years’ experience, after they have completed their professional courses like Doctorate, Chartered Accountant, if they are Architects or even company secretaries they need to have 5 years’ experience
    • Their annual income should be at least Rs. 1 lakh per annum
    • They should be within the age of 25 - 65 years at the time of loan maturity.
    • The business they are running, should be running a profit for a minimum of 2 years.

    What is the maximum amount of loan I can avail?

    The amount of loan can be applied for a minimum of Rs. 50, 000 up to an amount of Rs. 40, 00, 000. The loan amount will be dependent on their income, their repaying capabilities, and the cap on the loan product.

    What is the rate of interest on HDFC Professional Loans?

    The average rate of interest offered for the applicant will range between 14.5% - 15.25% per annum.

    What are the documents required for HDFC Professional Loans?

    Documents required for this product will be:

    • Bank Statement of the last 6 months.
    • Proof of address such as passport, aadhar card, driver’s license.
    • Proof of identity such as voter’s id, passport, aadhar card, driver’s license.
    • A copy of your pan card
    • Proof of professional degree qualification
    • Proof of continuation such as Trade license, Sales tax certificate etc.
    • Other Mandatory Documents (Sole Prop. Declaration Or Certified Copy of Partnership Deed, Certified true copy of Memorandum & Articles of Association (certified by Director) & Board resolution (Original).

    What are the terms for HDFC Professional Loans?

    The charges available are:

    • Supervision charges will be in the range Rs. 500 - Rs. 2, 000.
    • Processing Fees of 2.50% of the loan amount
    • Pre-payment charges not applicable but will not be allowed before 6 EMIs
    • Service tax and other government levies, as applicable, would be charged additionally.

    How do I apply for this loan?

    Application process for this loan is very simple, all you need to do is fill in a loan application form with supporting documents and submit it to the nearest HDFC Bank branch. You can also apply for this loan via the HDFC Bank website by submitting an online application form with a few mandatory details.

    Can I apply for HDFC Professional Loans online?

    Online application is available for the HDFC Professional Loans, all you need to do is login to the HDFC Bank website by submitting an online application form with a few mandatory details.

    HDFC Bank Professional Loans Reviews

    • HDFC Bank Personal Loan
      "Good Service"
      0.5 3.5/5 "Pretty good"
      I've taken a personal loan from the HDFC bank for 70000. There is no flexibility and the loan experience was good. The process and the application was smooth and hassle free. They need to provide more flexible options for their customers...
      Was this review helpful? 0
      , pune
      Reviewed on Jul 16, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 3.5/5 "Pretty good"
      My personal loan experience was good with HDFC bank, the loan amount was for Rs 2 lakhs with 13% interest rate which is nominal rate. The process was quick and the loan amount was disbursed on time. 2% charges are applicable for preclosure of the loan and the tenure period is 3 years.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jul 16, 2018
    • HDFC Bank Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with HDFC bank and my experience was good, the loan amount was for Rs 10 lakhs with nominal interest rate when compared to others. Customer service was good and they followed up on time. The tenure period for this loan is 5 years.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 16, 2018
    • HDFC Bank Personal Loan
      "Very good"
      0.5 4.0/5 "Great!"
      My personal loan was taken with HDFC bank 1 year back. The loan amount was 5 lakhs and the interest rate was satisfactory . The tenure period was 5 years . The process was very quick and satisfactory . I have got the loan with in a day. Here pre closure is after 3 months and the processing fee was bit high . My overall experience was good.
      Was this review helpful? 2
      , navi mumbai
      Reviewed on Jul 14, 2018
    • HDFC Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The process in getting the loan had been very smooth and easy and the loan amount which they had provided had been satisfactory. The interest rate with them had been average and there has not been any hassles faced during the process and with the staff responses. I have taken totally two loans from them.
      Was this review helpful? 2
      , new delhi
      Reviewed on Jul 13, 2018
    • HDFC Bank Personal Loan
      "Better service"
      0.5 3.0/5 "Satisfactory"
      My personal loan was taken with HDFC Bank 1 month back. The loan amount was 1,90,000 and the interest rate was very satisfactory . The customer service and responses was good. The tenure period was 3 years .The staffs were very supportive and guided well. The processing fee was very nominal.
      Was this review helpful? 2
      , bangalore
      Reviewed on Jul 12, 2018
    • HDFC Bank Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I took a personal loan from the HDFC bank. The loan amount was 15 lacs, it was quite fast and the processing was very fast. The interest rate was low when comparing to other banks. Overall it has been a very good loan experience with the HDFC bank.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jul 12, 2018
    • HDFC Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The process in getting the loan had been very good and the loan had been satisfactory. The interest rate with them had been average and it has not been that low when compared with the market rate. I had taken this loan for my personal purpose and it had been a very good experience i had. Even their customer support and the staff response had been good as well.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 12, 2018
    • HDFC Bank Personal Loan
      "Good "
      0.5 3.5/5 "Pretty good"
      My personal loan was taken with HDFC bank 1 month back. The loan amount was 5 lakhs and the interest rate was satisfactory . The tenure period was 5 years . The process was good and the documentation was very simple .I have applied through on line and with in few days the loan was sanctioned.
      Was this review helpful? 2
      , bangalore
      Reviewed on Jul 12, 2018
    • HDFC Bank Personal Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      It had been a very good experience with them and the process in getting the loan had been easy and smooth. The loan amount which they had provided had been satisfactory. The interest rate with them had been normal compared with the market rate. I had taken this loan for my personal usage.
      Was this review helpful? 0
      , chennai
      Reviewed on Jul 12, 2018
    • HDFC Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The process in getting the loan had been smooth and easy and there has not been any processing fee charged by them. The loan amount which they had provided had been satisfactory and the interest rate with them had been nominal and it was around 99 paisa. There has not been any hassles faced with them.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 12, 2018
    • HDFC Bank Personal Loan
      "Above average service"
      0.5 3.5/5 "Pretty good"
      I have taken a personal,loan from the HDFC bank for 8 lacs. The interest rate was 14% but the banking services were good. They also sold an insurance policy with the loan which wasn't good. Overall it was comparatively better.
      Was this review helpful? 1
      , gurgaon
      Reviewed on Jul 11, 2018
    • HDFC Bank Personal Loan
      "They need to reduce the pre-closure charges"
      0.5 3.0/5 "Satisfactory"
      They have offered me a interest rate of 10.99 % which is very low compared to other banks. I have applied the personal loan amount of 5 lakhs and they have sanctioned the same. I don't remember about the processing fee. I used to pay the EMI amount of Rs. 16000 every month. Its easy to get a loan from the HDFC and i have received on time also. The pre-closure is available which is 4% and i have not availed the same.
      Was this review helpful? 1
      , chennai
      Reviewed on Jul 11, 2018
    • HDFC Bank Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I took a personal loan from the HDFC bank for 60000, the interest rate was good 13-12% when I have applied for the loan. I got a better offer as the interest rate has been changed drastically. I am happy with the personal experience with the HDFC.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 11, 2018
    • HDFC Bank Personal Loan
      "Best Service"
      0.5 4.5/5 "Excellent!"
      I have taken a personal loan with HDFC bank and my experience was good, the loan amount was for Rs 3 lakhs with nominal interest rate when compared to other banks. The charges are very minimal for this loan. The tenure period for this loan is 5 years out of which i have completed 3.5 years.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 11, 2018
    • HDFC Bank Personal Loan
      "Very good"
      0.5 4.0/5 "Great!"
      My personal loan was taken with HDFC Bank 4 years back. The loan amount was 5 lash and the interest rate was satisfactory . The EMI period was 4 years .I had a smooth documentation and the processing fee was also very nominal. The customer service and responses was upto the mark.
      Was this review helpful? 1
      , new delhi
      Reviewed on Jul 11, 2018
    • HDFC Bank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I have taken personal loan from Hdfc bank . The rate of interest is promising one which is too nominal. They gave tenure of 3 years . I make the payments through Ecs . They did instant approval for documentation and approval with in 1 days with zero processing fees .Am satisfied with their customer service and response
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jul 11, 2018
    • HDFC Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with HDFC bank 8 months back. The loan amount was 1.5 lakhs and the interest rate was very satisfactory .The customer service and responsiveness was really good. The EMI period was 2 years . Its a insta loan process so the loan got approved with in 10mins. There is no delay in the disbursement and its a paperless documents so i had a convenient loan experience .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 10, 2018
    • HDFC Bank Personal Loan
      "Need to reduce charges"
      0.5 5.0/5 "Blown Away!"
      My personal loan experience was good with HDFC bank, the loan amount was for Rs 7.5 lakhs with high interest rate when compared to other banks. I was not informed about the processing fee. Customer service was good and they responded on time. The tenure for this loan is 3 years.
      Was this review helpful? 0
      , chennai
      Reviewed on Jul 10, 2018
    • HDFC Bank Personal Loan
      "Poor Service"
      0.5 1.0/5 "Really Bad"
      I took a personal loan from the HDFC bank. I got the loan with in 3-4 days. Once the corporate account was converted to the savings account they started charging and every time I deposit the loan EMI it bounces back due to the unwanted charges.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jul 10, 2018
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