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HDFC Bank Professional Loans

Professionals such as doctors, chartered accountants, architects, etc., can avail loans of up to Rs.50 lakh (up to Rs.75 lakh in some locations) from HDFC Bank to enhance their professional practice. Loans for professionals are available at rack interest rates of 12.50% to 15.65% and repaid in tenures ranging between 12 months to 60 months.

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HDFC Bank Loans for Professionals - Features

The loan amount will be based on your credit history.
The documentation required is simple and minimal.
Processing fees are as low as 0.99%.
You can do a balance transfer of your existing professional loan to HDFC Bank at interest rates starting from 12.50%.
Doctors can enjoy special offers on the professional loan from HDFC Bank.
An optional credit protect plan is available at a nominal premium.

Fees & Charges Associated with HDFC Bank Loan for Professionals

Rack Interest Rate Range	12.50% to 15.65%
Processing Charges	Rs.2,359 to Rs.88,500
Prepayment Charges	7 to 24 months - 4% of principal outstanding 25 to 36 months - 3% of principal outstanding Over 36 months - 2% of principal outstanding
Charges for Late EMI Payment	Rs.200 onwards
Cheque Swapping Charges	Rs.500
Cheque Bouncing Charges	Rs.550
Amortisation Schedule Charges	Rs.200

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Eligibility Criteria for HDFC Bank Loans for Professionals

Who Can Avail	Professionals such as chartered accountants, doctors, architects, physiotherapists, company secretaries, etc., who are practicing or consulting
Minimum and Maximum Age	25 years and 65 years at the time of loan maturity
Work Experience	Physiotherapist - At least 5 years post qualification Chartered accountants and doctors - 4 years post qualification Architects and company secretaries - 5 years post qualification
Minimum Annual Income	Rs.1 lakh
Business Requirement	Business should be earning profit for 2 previous years

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Documents Required for HDFC Bank Loans for Professionals

Proof of Identity	Passport/Aadhar Card/Voter's ID/PAN Card/Driving License
Address Proof	Driving License/Passport/Aadhar Card/Voter's ID/PAN Card
PAN Card	For individual/company/firm
Bank Statement	Latest 6 months
Qualification Proof	Proof of highest professional degree
Income Tax Return	Latest ITR along with balance sheet, computation of income, and profit & loss account audited or certified by a CA
Other Documents	Proof of Continuation/Sales Tax Certificate/Establishment Certificate/ Partnership Deed

How to Apply for the HDFC Bank Loans for Professionals

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.

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A good credit score can help you secure lower interest rates on loans and credit cards.

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Important Personal Loan Pages

Personal Loan Eligibility by Banks

Personal Loan Interest Rates by Bank

Personal Loan EMI Calculator by Bank

Personal Loan Customer Care by Bank

Personal Loan Status Track by Bank

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