Personal loan is the one among all the credit products which remains in demand throughout the year. It is the best-selling financial product for which most of the people went for in last two years Blog: https://financebuddha.com/blog/hdfc-bank-personal-loans-makes-worthy-choice

1. HDFC BANK PERSONAL
LOANS
What Makes itWorthy ofYour Choice?

2. Personal loan is the one among all the credit products which
remains in demand throughout the year. The reason behind it’s
over increasing demand and need is its unsecured nature and
quick processing.

3. Personal Loan from HDFC Bank come with a number of additional
benefits and offers. HDFC Bank is best known for their easy loan
application processing and wide range of branch network in every
town and city. HDFC Bank branches can be found even in many
Indian villages.

4. What Makes HDFC Bank Personal Loan Worthy of Your Choice?
Quick Loan Disbursal
 HDFC bank offers one of the fastest loan disbursal.
 You will get to know this if you compare HDFC Personal loan with
the personal loans available by the other banks and NBFCs.
 The time taken by HDFC to disburse your Personal Loan Is a
maximum of four hours.

5. Low Interest Rates
 HDFC Banks offer applicants a competitive interest rates for the loans
available for salaried, working professionals, self-employed
individuals.
 Personal Loans from HDFC start at a minimum rate of 15% and goes to
a maximum of 23.52% p.a.
 The interest rate offered to any individual totally depends on their
CIBIL and eligibility.

6. Online Loan Application
 HDFC Bank uses updated technology and offers personal loan.
 Each and every step of availing a personal loan from HDFC Bank goes
in a online process.
 All these upgradation makes it easy for the borrower to avail this loan.

7. Low Prepayment Charges
 HDFC Bank offers Personal Loan at lower prepayment charges.
 One of the additional feature is that the Prepayment charges are
completely waived off after a period of 36 months.

8. Minimal Documentation
 The documentation process with HDFC Bank regarding the Personal
Loan is minimal.
 If the borrower is already an existing customer of HDFC he/she
needs to provide only the basic details.
 But if the borrower is new to HDFC, there will be a documentation
process.
 Whatever documentation is needed is done on the online portal
itself.

9. Assured Transparency
Interest Rate 15.75% to 20% P.A
Loan amount INR 50,000 to INR 15,00,000
Tenure Period 12 months to 60 months
Fees and charges 2.50% of the total loan amount
Pre-payment Charges
13-24 Months – 4% of Outstanding
amount
25-36 Months – 3% of Outstanding
amount
>36 Months – 2% of Outstanding
amount

10. Who is Eligible for a HDFC Personal Loan?
 Salaried individuals who are doctors, CAs or the employees of private
companies, employees from public sector undertakings, including
central, state and local bodies.
 The age of the applicant should be 21 year to 60 year.
 The applicant should be employed for at least 2 years and should be in
the current company from at least 1 year.

11.  The applicant should have a minimum salary of INR 15,000 per month
and it should be INR 20,000 if the applicant is living in Delhi, Mumbai,
Bangalore, Chennai, Hyderabad, Pune, Kolkata and Ahmedabad.
 If the applicant is self-employed, his/her minimum age for getting the
loan should be 21 year to a maximum is 65 years.

12. HDFC Personal Loan Top Up
A top up loan can be provided in handy when the borrower need an
extra cash in addition to the loan amount which was sanctioned to
borrower earlier. The borrower has to pay a consolidated EMI for both
the previously approved loan and for the top up loan, covering the
total loan amount.

13. Some of the key features of HDFC personal loan top up facility are-
 Easy and simple process.
 This option is available to both existing customers and new
customers under the balance transfer facility.
 Easy repayments.
 Attractive interest rates.
 Provided for any personal need.
 No collateral or security is required.
 Easy approval and quick disbursal
 Minimal documentation.

14. Taking about its availability Personal Loan is now offered by almost
each and every Bank and NBFC. But HDFC Bank personal loan has
reached to a next level.