Multiple banks. Different interest rates. Call it a "conflict of interest".
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  • HDFC Bank Professional Loans is Rated as "Great!" by 14002 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
      "Need improvement"
      0.5 1.0/5 "Really Bad"
      The HDFC bank executives promised me that they will send the executive to collect the documents but no came to collect the documents. The customer support is average with HDFC bank. They need to stick on their promises. The service need to be improved with HDFC bank.
      Was this review helpful? 0
      , chittoor
      Reviewed on Nov 22, 2017
    • HDFC Bank Personal Loan
      "Special experience"
      0.5 5.0/5 "Blown Away!"
      The experience with HDFC in regards to my Personal Loan was special. They gave me the loan within 1-2 days and the documentation required was minimal. The Rate of Interest offered by them are very nominal too. Their communication was also good with me.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 22, 2017
    • HDFC Bank Personal Loan
      "Needs to improve"
      0.5 1.0/5 "Really Bad"
      My personal loan experience was not good with HDFC bank, there are lot of hidden charges and those charges are not informed prior to taking the loan. The loan amount was for 3 lakhs with the rate of interest of 14% which is high when compared to other banks. Document was collected door step and the loan amount was approved within a week. Customer service was not up to the mark, they did not keep their commitments.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 22, 2017
    • HDFC Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with Hdfc bank.The loan amount is one lakh.The rate of interest is 15% low compared to other banks.Tenure is for 3 years.The monthly EMI is 3400,they had deducted processing fees of an amount 500.The net banking service is good.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 22, 2017
    • HDFC Bank Personal Loan
      "Easy Loan option"
      0.5 5.0/5 "Blown Away!"
      I took the personal loan based on saving account, they offered Rs. 1.5 lakh for the tenure of three years. Interest rate was nominal as per market standard. There was no documentation process, through netbanking I applied and taken instant loan on my account.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 22, 2017
    • HDFC Bank Personal Loan
      "Can be more proactive in the services"
      0.5 3.0/5 "Satisfactory"
      HDFC Bank needs to be more proactive when it comes to the customer services. I have taken a personal loan and the rate of interest was of 11.99% and the processing charges are normal. They could be more quick in the process and the disbursement has to happen on time.
      Was this review helpful? 0
      , kolkata
      Reviewed on Nov 21, 2017
    • HDFC Bank Personal Loan
      "Very Good service"
      0.5 4.5/5 "Excellent!"
      The personal loan service was excellent with HDFC bank, they have approved my required loan amount. They have disbursed my loan amount within 10 seconds of time, because it is an pre approved loan. I never submitted any documents in regards to my HDFC bank personal loan concern. The rate of interest and the charges are nominal with HDFC bank.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 21, 2017
    • HDFC Bank Personal Loan
      "Very good"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with HDFC Bank. They were very co operative and their representative was kind and helpful to me. The rate of interest is 17% which was quite high compared to others. They sanctioned the loan on the promised time. The executive came to place and collected the documents.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Nov 21, 2017
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      As I'm a long time customer with HDFC bank they offered me a personal loan which I have accepted it and availed it. HDFC bank offered me this personal loan with around 14% as rate of interest. There was some processing fees but I don't remember it. Loan got disbursed immediately like within a week or so. The documentation was hassle free as I'm a salary account holder with them.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Nov 21, 2017
    • HDFC Bank Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      My personal loan experience with HDFC bank was good, they provided the services on time and there was no delay, the process was very smooth and easy, my loan amount was approved within 2 days. The loan amount was for Rs 2 lakhs with the rate of interest of 11% which was the best rate in the market. Customer service was good and they responded on time.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 21, 2017
    • HDFC Bank Personal Loan
      "Very good services & response"
      0.5 5.0/5 "Blown Away!"
      The services at HDFC Bank is excellent in the process for the personal loan. I did not face any hassles and they are very clear in the process. I have taken a loan amount of 4.5 lakhs and the rate of interest was of 12.5% and the processing charges are normal.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 21, 2017
    • HDFC Bank Personal Loan
      "Average service"
      0.5 4.0/5 "Great!"
      I have applied for th personal loan from HDFC bank, my loan application was closed because i already have an existing on going loan with other bank. Customer service part was average, there was no call back from them, i personally called them and their response was good from their side. The rate of interest is high when compared to other banks.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 21, 2017
    • HDFC Bank Personal Loan
      "Satisfied with the services"
      0.5 3.5/5 "Pretty good"
      The process at HDFC Bank for the personal loan is good. The customer services are satisfactory and my experience was also smooth. The disbursement was on time and the interest rate and charges was normal. Overall the process was good with no inconvenience.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 21, 2017
    • HDFC Bank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I have applied for a personal loan with HDFC bank, but no one from the HDFC bank visited to my place for collecting the required documents. They offered me the loan with 19.8% as rate of interest which is high and the processing fees was 1 or 2 % plus service tax which is normal. But part payment facility is not there.
      Was this review helpful? 0
      , nagpur
      Reviewed on Nov 20, 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. I have changed the company recently so they said they will check and let me know whether the company is listed or not. Customer service was good but they did not respond on time. I am not aware of the rate of interest.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Nov 20, 2017
    • HDFC Bank Personal Loan
      "Good Experience"
      0.5 5.0/5 "Blown Away!"
      HDFC disbursed the personal loan amount on time, I took the principal amount of Rs.3.5 lakhs, they quoted me 11.75% of interest for the tenure of four years,. HDFC took taken Rs.14,000 as processing fee and insurance from the disbursement. HDFC has part payment and preclosure option.
      Was this review helpful? 0
      , madurai
      Reviewed on Nov 20, 2017
    • HDFC Bank Personal Loan
      "Better"
      0.5 3.0/5 "Satisfactory"
      I was asking for 2 lakh Rupees as personal loan while they have committed that they can give only lesser amount. I would like to say taht the customer service is good with the HDFC bank, also am really okay with them till now.
      Was this review helpful? 0
      , agra
      Reviewed on Nov 20, 2017
    • HDFC Bank Personal Loan
      "Good. Can do better"
      0.5 3.0/5 "Satisfactory"
      I have taken a personal loan from HDFC Bank and the process to get the loan was good and I got it on time. The rate of interest and processing charges is normal. But the foreclosing process was not convenient. I was repeatedly asked to come and it the job was not done on one day.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 20, 2017
    • HDFC Bank Personal Loan
      "Very Good service"
      0.5 5.0/5 "Blown Away!"
      I got the Personal loan from HDFC bank with in 10 seconds, because it is a pre-approved loan . I never submitted any documents they already have my documents with my savings account. The rate of interest and the charges are average with HDFC bank. The required loan amount has been given and I am satisfied with it.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 20, 2017
    • HDFC Bank Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      I have taken a personal loan service from HDFC the documents part was very easy they collected from my door step the interest rate they offered me was 16 % fine the customer service was prompt with HDFC it was totally a good experience with HDFC for my personal loan service.
      Was this review helpful? 0
      , srikakulam
      Reviewed on Nov 20, 2017
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