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.
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.
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 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.
The average rate of interest offered for the applicant will range between 14.5% - 15.25% per annum.
Documents required for this product will be:
The charges available are:
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.
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.
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