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HDFC Personal Loan

HDFC Personal Loan

 

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20   6

7 review(s)
Expert Review | Write a Review

  • Maximum Loan Amount
  • Rs. 1500000
  • Minimum Loan Amount
  • Rs. 50000
  • Interest Rate(Max)
  • 22 %
  • Interest Rate(Min)
  • 15.5 %
  • Interest Type
  • Floating
  • Late Payment Fee
  • 24% p.a on unpaid EMI
  • Processing Fees
  • 2.5 %
  • Prepayment Charges
  • 4 %
  • Repayment Period (Max)
  • 5 year(s)
  • Repayment Period (Min)
  • 1 year(s)

Features and Benefits of HDFC Personal Loan

Features:

·          Hassle free loan as no guarantor/security/collateral is required.

·          Flexible repayment period ranging from 12 to 60 months.

·          Special privileges are given to existing customer like document waiver etc.

·          Personal Accident Cover of Rs. 2 lakh is provided at a nominal premium.

·          Loan Amount: Max up to Rs 15 lakh.

Eligibility:

·          Salaried individual includes salaried Doctors, CAs, Public and Private ltd companies employees, Government Sector employees including PSU’s ,Central, State or Local bodies, with a minimum age:21 years, maximum age at maturiy:60 years having a minimum  total experience of 2 years & 1 year in same company. Minimum net monthly income is Rs. 10,000 (Rs. 15,000 in Mumbai, Delhi, Bangalore, Chennai and Hyderabad & Rs. 12,000 in Calcutta, Ahmedabad and Cochin)

·          Self-employed (Professionals) includes self-employed Doctors, CAs, Architect, Company secretaries, with a minimum age: 25 years, maximum age at maturity:65 years having experience of 4 to 7 years. Minimum Annual Income: Rs 1 Lakh p.a.

·          Self-employed (Individuals) includes Proprietors, Partners & Directors in business of manufacturing, trading or services with minimum age:21 years, maximum age at maturity:65 years having a minimum of 3 years’ experience in current business & 5 years as total business experience. Minimum Annual Income: Rs 1 Lakh p.a.     

·          Self-employed(Private companies &Partnership firms) includes private companies & partnership firms in business of manufacturing, trading or services making profits from last 2 years & experience of at least 3 years. Minimum Annual Income: Rs 1 Lakh p.a.

Charges:

·          Loan processing charges: Up to 2.5% of loan amount ,Min of Rs. 1000/-

·          Prepayment charges: For salaried 4% of principal outstanding after a repayment of 12 EMIs For self-employed 4% of principal outstanding after a repayment of 6 EMIs.

·          Duplicate certificate/NOC:Rs. 250/-

·          Late payment charges: @ 24% p.a. on amount outstanding from date of default.

·          Loan cancellation charges: Rs. 1000/-

·          Cheque Bounce Charges: Rs. 450/- per cheque bounce

·          Cheque swapping charges: Rs 500/- per event

·          Loan Re-booking/Re-scheduling :Rs 1000/-

Interest Rates:

·          For salaried-15.5% to 22%

·          For self-employed businessmen-17.5% to 22%

·          For self-employed profession-14.5% to 15%

Documents Required for HDFC Personal Loan

Salaried Individuals

  • Application form with recent photograph
  • Latest salary slip or current dated salary certificate with latest Form 16
  • Bank statement for last 3 months/passbook for past 6 months
  • Proof of Identity (any one): Passport/Driving licence/Photo credit card/Employee licence/Voter's ID/PAN card
  • Proof of Residence (any one): Driving licence/Any utility bill/Govt. or authority bill

Self Employed

  • Application form with recent photograph
  • IT returns for last 2 years
  • Bank statement/passbook for last 6 months
  • Proof of Identity (any one): Passport/Driving licence/Photo credit card/Employee licence/Voter's ID/PAN card
  • Proof of Residence (any one): Driving licence/Any utility bill/Govt. or authority bill
  • P&L and Balance Sheet for last 2 years certified/audited by CA
  • Qualification proof of the highest professional degree
  • Proof of Continuation (Trade licence /Establishment/Sales Tax certificate)

User Reviews

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A complete fraud

By: Chirag, Ahmednagar | 24 April 2010

This bank is a complete frau. how can they increase my loan tenure without even asking me. One fine day i realise that i have to pay for two more years....[Read]

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HDFC Bank personal loan- please reduce rates

By: Girish, Dehradun | 23 April 2010

hdfc bank people make you feel very special when you go to take a loan. Its nice o feel better but afterwards the increase in the interest rate and subsequent emi spoils the mood. pl pass on the benef...[Read]

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HDFC Personal

By: Harsha Chaturvedi, India | 02 September 2011

Dear Rupeetalk Team I would take immense pleasure to share my experience of taking personal loan from HDFC Bank, peop[le og HDFC bank are very sweet n supprrtive wne u take d loan , after disbursal...[Read]

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A wide majority of Hindi movies look at urban issues.

By: dinesh, India | 22 June 2010

hi i am deep...[Read]

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Taking another personal loan is not possible with HDFC.

By: hkklkkl, India | 11 January 2011

One personal loan was running and i visited for one more personal loan. They collected all documents.But, to my surprise they told that you have to wait for some time as time gap between two loans if ...[Read]

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loan

By: shiva, India | 02 May 2011

i was applied in personal lon in past 2 months but till now no responses in hdfc bank in karaikudi branch...[Read]

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After closing the PL, Still putting cheques for clearance

By: Swati Tyagi, India | 04 October 2011

The third class bank in customer services & Clearing the loan. I asked the bank to clear my personal loan. They have agreed and sent the agency boy to collect the cheque from me that cheque cleared...[Read]

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