Multiple banks. Different interest rates. Call it a "conflict of interest".
  • HDFC Bank Professional Loans is Rated as "Great!" by 15962 Users

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    Personal Loan BYTES FROM OUR KITCHEN

    HDFC Bank Professional Loans

    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 4.0/5 "Great!"
      The experience with this loan has been quite good and the loan amount which they had provided has been sufficient as well. Their customer support and the staffs had been helpful during the process and the loan amount which they had provided was sufficient as well. There has not been any extra charges which they had made other than the processing fee.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jan 22, 2019
    • HDFC Bank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I carry a HDFC credit card and on that i had taken a perosnal loan. I was in need of loan and the moment i sent a request my request was taken care and it was processed with in 10 minutes. The rate of interest is bit high but apart from that i am happy with the services.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 22, 2019
    • HDFC Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been using personal loan with HDFC bank, they have given me good loan amount,it is sufficient for me, as per my requirement they have given me, and the rate of interest they have charged me up to 13%,which is nominal compare to other market value,and the processing fee they had charged around 1.5% was nominal, there is no extra charged, still loan is running 2 Emi installment i have been paid.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 22, 2019
    • HDFC Bank Personal Loan
      "My experience have been good"
      0.5 4.0/5 "Great!"
      Based on the interest rate which they are providing and the service given to me thats the reason i have selected HDFC for my personal loan. The loan disbursal got little bit delayed. They have given me a interest rate of 16% and the processing fee is fine. I have chosen tenure period of 1 year.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 22, 2019
    • HDFC Bank Personal Loan
      "Looking for less interest rate"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with HDFC bank and my experience was good, the loan amount expected was for 4.5 lacs but they sanctioned only for 1.47 lacs and the rate of interest was high when compared to other banks. Customer service was good and the tenure period is for 4 years.
      Was this review helpful? 0
      , kanchipuram
      Reviewed on Jan 21, 2019
    • HDFC Bank Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      My experience was very good with HDFC bank personal loan, i received my loan amount within 3-4 days. The loan amount was for Rs 75000 with nominal interest rate when compared to other banks. Customer service was good and the tenure period is for 3 years. I am planning to preclose this loan.
      Was this review helpful? 0
      , indore
      Reviewed on Jan 21, 2019
    • HDFC Bank Personal Loan
      "Looking for less interest rate"
      0.5 5.0/5 "Blown Away!"
      It was a fine experience with HDFC bank for personal loan, the process was smooth and i received my loan amount within 1 week. Customer service was good and they responded on time. Rate of interest was high when compared to others. Loan amount was for Rs 4.9 lacs and the tenure period was for 4 years.
      Was this review helpful? 0
      , vellore
      Reviewed on Jan 21, 2019
    • HDFC Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I had taken this loan a while back and it is going to get closed in another four months. The loan amount which they had provided was sufficient and the interest rate with them was nominal when compared with the market rate. The charges which they had made also had been nominal as well. There has not been any issues faced with them.
      Was this review helpful? 0
      , faridabad
      Reviewed on Jan 21, 2019
    • HDFC Bank Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      It was a fine experience with HDFC bank for personal loan, the process was smooth and i received my loan amount within 1 week. Customer service was good and they responded on time. Rate of interest was nominal when compared to others. Loan amount was for Rs 1 lac and the tenure period was for 2 years
      Was this review helpful? 0
      , bhopal
      Reviewed on Jan 21, 2019
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The process was smooth with HDFC bank personal loan application, the loan amount was disbursed within 7-8 days. The rate of interest was nominal when compared to other banks and the loan amount was for Rs 4.4 lacs. Tenure period for this loan is 4 years.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 21, 2019
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      It was a good experience with personal loan from HDFC bank, i received my loan amount on time and the rate of interest was nominal when compared to others. Loan amount was for Rs 8 lacs with tenure period of 5 years. Customer service was good and they responded on time.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 21, 2019
    • HDFC Bank Personal Loan
      "Looking for less interest rate"
      0.5 4.0/5 "Great!"
      It was a good experience with HDFC bank for personal loan, the process was smooth and i received my loan amount on time. The loan amount was for Rs 2.5 lacs with high interest rate when compared to other banks. Customer service was good and they collected documents on time. Tenure period for this loan is 4 years.
      Was this review helpful? 0
      , hojai
      Reviewed on Jan 21, 2019
    • HDFC Bank Personal Loan
      "Looking for less interest rate"
      0.5 4.0/5 "Great!"
      My experience was good with HDFC bank for personal loan, loan amount was sufficient but the rate of interest was high when compared to other banks. Customer service was good and they followed up on time. Tenure period for this loan is for 2 years.
      Was this review helpful? 0
      , rohtak
      Reviewed on Jan 21, 2019
    • HDFC Bank Personal Loan
      "Looking for less interest rate"
      0.5 4.0/5 "Great!"
      It was a good experience with HDFC bank for personal loan, the process was smooth and i received my loan amount within 4 days. The loan amount was for Rs 2.5 lacs with high interest rate when compared to other banks. Customer service was good and they collected documents on time. Tenure period for this loan is 4 years.
      Was this review helpful? 0
      , pune
      Reviewed on Jan 21, 2019
    • HDFC Bank Personal Loan
      "Looking for less interest rate"
      0.5 4.0/5 "Great!"
      My persona loan application was approved with HDFC bank and it was a good experience. The process took 15 days to complete and the rate of interest was high when compared to other banks. Customer service was good and they responded on time. Loan amount was for Rs 3.6 lacs with tenure period of 4 years.
      Was this review helpful? 0
      , bidar
      Reviewed on Jan 21, 2019
    • HDFC Bank Personal Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      It was a good experience with HDFC bank personal loan, the process was quick and i received my credit card within 2-3 days. The loan amount was for Rs 1.99 lacs with tenure period of 4 years. Documents were collected on time and the customer service was good. Rate of interest was nominal with this bank.
      Was this review helpful? 0
      , rewari
      Reviewed on Jan 21, 2019
    • HDFC Bank Personal Loan
      "Looking for less interest rate"
      0.5 4.0/5 "Great!"
      My personal loan experience was good with HDFC bank, the process was quite long and it took 15 days to receive the credit card. I expected the loan amount for Rs 1.5 lacs but they approved only for Rs 50000. Rate of interest was nominal and tenure period for this loan is 3 years.
      Was this review helpful? 0
      , haridwar
      Reviewed on Jan 21, 2019
    • HDFC Bank Personal Loan
      "Looking for less interest rate"
      0.5 4.0/5 "Great!"
      It was a good experience with HDFC bank for personal loan, the process was smooth and i received my loan amount within 5-6 days. The loan amount was for Rs 4.9 lacs with high interest rate when compared to other banks. Customer service was good and they collected documents on time. Tenure period for this loan is 5 years.
      Was this review helpful? 0
      , rajkot
      Reviewed on Jan 21, 2019
    • HDFC Bank Personal Loan
      "Best customer care service"
      0.5 5.0/5 "Blown Away!"
      Bought my personal loan 3 years before. When i have visited their internet banking i have received the offer at the same i have applied the loan immediately. They have sanctioned in 2 days. They came to my office and collected my documents. They have offered me a interest rate of 13%.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 21, 2019
    • HDFC Bank Personal Loan
      "Looking for less interest rate"
      0.5 5.0/5 "Blown Away!"
      My experience with HDC bank for personal loan was good, the loan amount was for Rs 3 lacs with little high interest rate when compared to other banks. I am happy with the customer support and they responded on time. Tenure period for this loan is 3 years.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 21, 2019
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