Description

About the bank

The full form of HDFC Bank is Housing Development Finance Corporation. It is one of India’s leading financial institutions offering services in the areas of homeloans, personal banking, corporate banking, insurance, trading, and investments. 

HDFC Bank personal loan

HDFC bank personal loans are quick, competitive & transparent, customized to suit your every need. We at Afinoz are dedicated to serve the financial requirements of our customers. We have an exclusive collaboration with many governments/private banks/ Non-Banking Financial Institutions.

Interest Rate & Charges of HDFC Personal Loan

Particulars

Details

Rate of Interest (Range)

10.75 % to 21.45% per annum

Processing Fees

Up to 2.5% of the loan amount, Min. ₹ 1,999/-

Pre-payment Charges

 

Loan Tenure

Charges

Between 1 year 1 month to 2 years

4% of the outstanding

Between 2 years to 3 years

3% of the outstanding

Over 3 years

2% of the outstanding

EMI Overdue

2% per month over Principal or EMI overdue

Cheque Swapping Fee

₹ 500/-

Schedule Fees

₹ 200/-

Cheque Bounce Fee

₹ 550/- for every occurrence

Lowest EMI

₹ 2,187/- per Lac

Eligibility Criteria - HDFC Bank Personal Loan

Eligibility for HDFC personal loan is decided on the basis of certain parameters. A loan seeker must come under the below-mentioned eligibility criteria:

Eligibility Criteria

Key Features

Profession

Salaried person with a Public or Private company

Employer Type

  • Central / State Government Organisation
  • Central / State PSUs
  • Top Corporates including TCS, Infosys and others

Applicant Age

21 - 60 years

Minimum Eligible Income

₹ 15,000 per month

Minimum Eligible Term Loan

₹ 50,000/-

Maximum Eligible Unsecured Loan

₹ 7.5 Lakh

Minimum Work Experience

24 months, Minimum 1 year in the current organisation

Documents Required - HDFC Personal Loan

HDFC personal loan is an unsecured loan and there is no involvement of asset verification in the documentation process. The documents required to get a personal loan from HDFC bank is time-saving, hassle-free if you keep the documents ready in advance.

Particulars

Details

Application

Application Form duly filled

Identity Proof

  1. Copy of Passport
  2. Copy of Driving License
  3. Copy of Aadhar Card
  4. Copy of Voter ID Card

Address Proof

  1. Registered Rent Agreement (Min. 1 year of stay)
  2. Utility Bills (For the last 3 months)
  3. Copy of Passport (Proof of permanent residence)
  4. Copy of Ration card

Income Proof

  1. ITRs for the last two Assessment years
  2. Salary slip for the last 6 months
  3. Bank Statement for the last 3 months (Salary credit and EMI debit transactions)

Features and Benefits- HDFC Bank personal Loan

HDFC Bank offers a personal loan for most of the financial needs either personal or professional with attractive features and benefits. Here are some of the key features of a personal loan from the bank: -

Special offers for women: HDFC bank offers discounted schemes for women under the HDFC Personal Loan Diva scheme. Under this scheme, the bank offers pre-approved personal loans of ₹ 3 Lakh to women applicant along with various premium brands and product offerings from the bank.

Minimal documentation: For it’s existing customers, HDFC bank offers a personal with KYC documents. However, for new customers, documents related to Identity proof, Income statement and residential details are required

Attractive rate of interest: HDFC bank offers very competitive interest rates on personal loans which are as low as 11.75% per annum for a loan of minimum ₹ 50,000

Personal Accident Cover: HDFC bank offers a unique protection plan as an additional feature to its personal loan. An applicant can pay a nominal premium and can avail a Personal Accident cover of up to ₹ 8 Lakh, and also a Critical Illness cover of up to ₹ 1 Lakh. The cost or premium for these policies is deducted from the loan amount at the time of disbursal

Personal Loan Security: HDFC Bank ensures that an applicant’s best interest is always secure and is made sure under its Sarv Suraksha Pro scheme. Under this scheme, the key constraints are;

  1. Credit Shield Cover is a contingency cover for the outstanding dues equal to the outstanding loan amount in case of a sudden death of the borrower
  2. Accidental Hospitalization cover for the borrower of up to ₹ 8 Lakh
  3. Accidental Death/Permanent Disablement cover of up to ₹ 1 Lakh

Meet your needs: No matter why you need a personal loan, HDFC Bank can customize the offering for you. If you already have an HDFC Bank account, you can benefit from special rates, charges and offers. HDFC Bank also offers a host of benefits for first-time loan customers Enjoy the flexibility to pick a tenure that suits you and pay back the loan in pocket-friendly EMIs (Use our Personal Loan EMI Calculator to check your monthly outgo)

Easy Balance Transfer: With HDFC Bank’s easy transfer feature, now you can transfer your existing Personal Loan to HDFC Bank. The loan comes with a lower EMI option and can also make you save on your existing interest payments. The rate of interest offered by the bank is as low as 10.75% on the existing loan transfer and an additional processing fee of only ₹ 1,999/- is applicable

Quick Eligibility Check & Disbursal: Check your Personal Loan eligibility with HDFC Bank online or at your nearest branch, you can also check your eligibility in a minute at Afinoz.com in just 60 seconds. If you are an existing HDFC bank customer the loan can be processed within 10 seconds. Once all your papers are submitted, other customers can avail the loan in less than 4 hours.

Here are some of the additional benefits of the HDFC Personal Loan: -

  1. Low prepayment charges – The Bank offers prepayment charges as low as 2% on the outstanding amount
  2. HDFC Personal loan comes with Zero hidden charges, lowest processing fees as compared to other products in the market and the available repayment options are very flexible and convenient
  3. HDFC Bank assures all its customers that the entire process and procedure of procuring a loan from the bank is completely transparent and is unbiased
  4. The bank offers all its loan without demanding any security from the applicant. At any point, the customer is under no obligation to provide any guarantee or collateral against the amount of loan taken from the bank
  5. HDFC bank offers a flexible repayment period which ranges from 12 to 60 months and comes with easy payment options including Post Dated Cheques & Electronic Clearing System

HDFC Personal Loan Offers

HDFC Bank Personal Loan for Salaried Employee

HDFC Bank offers personal loan for salaried individuals. The buyer needs to be employed with government body, public sector, private sector employees at the time of taking a personal loan from HDFC Bank. However, bank requires applicant have a certain per month income and employment history.

Because HDFC personal loan is an unsecured loan, loan amount, rate of interest, tenure etc. depend on per month income of individual seeking for personal loan. HDFC personal loan buyers are required to pay off the loan before they retire. The loan is offered for a tenure of 12 to 60 months.

HDFC Bank personal loan of self-employed individuals

HDFC Bank may require self-employed individuals to have a specified minimum income. You need to provide bank with documents that show continuity in your business and steady income. The bank may require you to provide additional documents depending on the type of profession you have.

HDFC Doctor Loan

HDFC offers special benefits on personal loan for professionals like doctors. Get HDFC professional loan to expand your clinical business, upgrade equipment etc. With easy documentation and speedy approval, this loan is one of the best options to meet short financial exigency.

Eligibility for HDFC personal loan for doctors

  • 4 years of post-qualification experience
  • The business should have a minimum ITR of Rs. 1 lakh per annum
  • Profit-making business for the previous 2 years

HDFC Marriage Loan

Wedding is once-in-a-lifetime event. To make it memorable, you can get a pre-approved personal loan in seconds from HDFC Bank if you fall short on fund. Since there is no restriction on end use of fund, you can use it for any of wedding related expenses.

Use HDFC marriage loan to pay for make-up artists, outfits, wedding invitation, hotel room, banquette halls, flight tickets, honeymoon etc.

HDFC Bank Personal Loan Top-Up

With HDFC Bank Personal Loan Top-Up offer an extra can be added to your dreams. Low-interest rates and nominal processing charges make the top-up loan preferable over a personal loan. The documents required to apply for a top-up loan is also minimal because the borrower already has a relationship with the bank. 

 Features of HDFC Bank Personal Loan Top-Up:

  • Easy and hassle-free documentation process as the borrower has an
  • existing relationship with HDFC Bank.
  • A borrower can avail a maximum Top Up Loan of Rs.50 lakhs.
  • HDFC Bank Personal Loan Top-Up comes at attractive interest rates.
  • Simple repayments through monthly installments.
  •  Wide range of branch network so, a borrower can avail services from anywhere in India.

Benefits of HDFC Bank Personal Loan Top-Up:

  • Reduces Burden: An applicant can choose to avail top-up on the personal loan and can pay off all of their other loans. This helps in reducing the burden of paying plenty of loans at a time. 
  • Quick Processing: Because of the original loan, the bank processes the application for a top-up loan faster than a personal loan. 
  • Interest Rate: HDFC Bank Personal Loan top-up comes at attractive interest rates

HDFC Personal Loan for Home Renovation

A home is considered as a reflection of its owner. You can now renovate and upgrade your existing home with contemporary designs. HDFC Personal Loan for Home Renovation helps to make it as enjoyable as its buying. Customized services and offers are served by HDFC Bank based on their requirements and eligibility. To make your home more comfortable and stylish, HDFC Personal Loan for Home renovation comes with following features:

  • Low interest rates:  HDFC Personal Loan comes at   attractive interest rate and nominal charges.
  • Easy and hassle-free documentation: An applicant can also apply online for HDFC Personal Loan with the complete ease of documentation. As HDFC Bank already has the required details of an existing customer, the customer needs no additional documentation. Other bank customers can get an HDFC personal loan with minimum documentation. 
  •  Loan Availability: HDFC Personal Loan for Home Renovation is available for all whether they are existing customers of HDFC Bank or not.
  • Simple repayment option: A borrower can choose the repayment tenures as per his/her needs as HDFC provides flexible repayment tenures (t&c apply).
  • Loan Disbursement: lf an applicant is a pre-approved HDFC Bank customer; he/she can get funds in 10 seconds (t&c apply). Other customers can get a loan in less than 4 hours (t&c apply).

HDFC personal loan for Travel

Planning an exotic vacation for a long time? Don’t let the expenses hold you back. As HDFC Personal Loan for travel is here to help you in making the best of your holidays. You must be having questions like why you should go with HDFC Personal Loan for Travel as there are many other lenders. Here is the answer to your questions:
Pocket-friendly EMIs: A borrower can have the benefit of a flexible tenure from 12 months to 60 months, along with part prepayment options. The EMIs of an HDFC Personal Loan for Travel is starting from as low as Rs. 2,187 per lakh.

  • Simple loan procedure: HDFC Personal Loan for travel offers simple, easy and minimal or no documentation loan approval procedure.
  • Instant Disbursement of Loan: The funds can be received in 10 seconds (t&c apply) if a borrower is pre-approved HDFC Bank customer. Non-HDFC Bank customers can get funds in 4 hours (t&c apply).
  • Repayment Options: An applicant has varied options for loan repayment. HDFC Personal Loan for travel can be repaid by cheque, online transfer, cash or Credit Card.

HDFC personal loan for Gov Employee

To serve the needs of government employees, HDFC Personal Loan for Govt Employee is here. It caters to all employees of public sector undertakings, including Central, State, and Local Bodies. A Gov Employee can avail loans from HDFC via online with many offers and added advantages. HDFC is known for its services and ease of loan approval.  Personal Loan for Govt Employee  comes with a number of features and benefits: The interest rate on Personal Loan for the government employees starts @11.49%. Customized offers are available for government employees of India and public sector undertakings.
Competitive processing fees for Gov Employees.

HDFC personal loan for Pensioners  

Most of the banks provide personal loans to senior citizens who draw a pension from their bank.  Many banks do so, but HDFC is among the best of them. The reason being, HDFC Personal Loan for Pensioners is full of ease and comfort as an applicant can apply for the loan online as well. A borrower can get the funds with few clicks within 10 seconds (t&c apply). HDFC Personal Loan for Pensioners is one of the most availed products. HDFC offers various benefits for a borrower like a low rate of interest, flexible tenure of loan repayment, and many more.

Personal Loan EMI Calculator For HDFC

A Personal Loan EMI calculator is a tool that assists in carrying out the calculation of a monthly installment that a borrower will have to pay each month in order to repay the loan. Now, with the help of the HDFC Bank Loan EMI Calculator, a prospective borrower can have an idea about how much the EMI can be for the desired loan amount, so that he/she can manage his/her monthly expenses accordingly. This is a smart, time-saving and effective online tool which takes certain factors in to consideration while calculating the anticipated EMI amount, which are;

  1. The total amount of loan which is being desired by the borrower
  2. The rate of interest which is applicable
  3. The tenure or loan repayment period

This tool is so effective that it starts fetching the flexible EMI options in the least time frame. Talking about other benefits of this tool, one might say that it is quite convenient & easy to use and as it is available online 24×7, it is widely used by many loan seekers as an accurate and trust-worthy source of EMI calculation. Thus, it would not be erroneous to say that a tool like this can help you take a smart and calculative financial decision as it makes you aware after letting you know the exact calculations related to your EMI and Interest expense on the loan.

Income Category

Rate of Interest

EMI / Lakh

For special companies

11.49% - 14.75%

₹ 2,608 - ₹ 2,770

For salary above ₹ 75,000

10.99%

₹ 2,584

For ₹ 50,000 to ₹ 74,999

11.39%

₹ 2,604

For ₹ 35,000 to ₹ 49,999

15.85%

₹ 2,826

Below ₹ 34,999

17.5%

₹ 2,911

For listed companies

11.29% - 11.7%

₹ 2,599 - ₹ 2,619

Flexible Repayment Options

The EMI calculator also helps us to ascertain the variable EMIs over a period of 12 months to 36 months. The anticipated EMI for an amount ranging from ₹ 1 Lakh to ₹ 10 Lakh at an interest rate of 12.75% per annum, is provided below:

Amount of Loan

For 1 year

For 2 years

For 3 years

₹ 2,00,000

₹ 17,840

₹ 9,484

₹ 6,714

₹ 3,00,000

₹ 26,760

₹ 14,227

₹ 10,072

₹ 5,00,000

₹ 44,600

₹ 23,712

₹ 16,786

₹ 10,00,000

₹ 89,200

₹ 47,424

₹ 33,573

How the EMI calculation works for HDFC Personal Loan?

Let’s have a glance how the EMI calculation works for HDFC personal loan. Suppose you take a personal loan of Rs.1 lakh for a tenure of 12 months. Let’s assume that HDFC Personal Loan charges an interest rate of 15.5% p.a.

Then, the schedule for the loan repayment will be -

Month Principal  Interest@15.5% P.A EMI  Balance  Percentage of loan paid to date
JAN 7,758 1292 9,049 92,243 7.76%
FEB 7,857 1190 9,049 84,386 15.62%
MAR 7,959 1090 9,049 76,427 23.57%
APR 8,063 986 9,049 68,364 31.63%
MAY 8,166 883 9,049 60,198 39.79%
JUN 8,272 777 9,049 51,926 48.06%
JUL 8,376 673 9,049 43,550 56.43%
AUG 8,486 563 9,049 35,064 64.91%
SEPT. 8,596 453 9,049 26,468 73.51%
OCT 8,708 341 9,049 17,760 82.21%
NOV 8,820 229 9,049 8,940 91.01%
DEC 8,933 116 9,049 0 100.00%
Total 99,994 8593 108,588    

EMIs of Several Banks and NBFCs  for Different Tenures

Lenders Loan Amount Interest Rate Personal Loan EMI for Different Tenures
For 1 Year For 3 Year For 5 Year
SBI Personal Loan ₹ 1,00,000 11% ₹ 8,838 ₹ 3,274 ₹ 2,174
IDFC Personal Loan ₹ 1,00,000 11.5% ₹ 8861 ₹ 3298 ₹ 2199
HDFC Bank ₹ 1,00,000 15.50% ₹ 9,049 ₹ 3,491 ₹ 2,405
ICICI Bank ₹ 1,00,000 11.25% ₹ 8,850 ₹ 3,286 ₹ 2,186
Bajaj Finserv ₹ 1,00,000 12.99% ₹ 8,931 ₹ 3,369 ₹ 2,275

How to Apply for HDFC Personal Loan Online?

While you do your HDFC Bank personal loan application through Afinoz, you should check the following: -

  • Check your HDFC Bank personal loan eligibility with the personal loan eligibility calculator at Afinoz.com. You can simply visit our website Afinoz.com, fill in a few easy details and get an instant and accurate assessment of your personal loan eligibility.
  • Check your HDFC Bank personal loan EMI with the personal loan EMI calculator at Afinoz.com. This will help you to know the exact amount you need to pay every month towards the repayment of your loan.

Check the documentation required for your HDFC bank personal loan application. Whether you are salaried or self-employed, applying with the proper set of documents will enhance your chances of getting your loan approved in the least possible time.

Status of HDFC personal loan application

With different modes of checking the loan application status, it is easy to check the status of your HDFC personal loan application at your convenience without visiting the bank. After applying for a personal loan with HDFC Bank, you can stay up to date about your loan application through different ways.

Using your HDFC bank account

If you are existing customer of HDFC bank you can check the status of your personal loan in many ways. Use the following steps:

Using net banking

  • Go to the official website of HDFC bank
  • Click on the net banking
  • Enter your detail to log in to the website
  • Click loan button on the menu bar

Using your registered mobile number

While applying for a personal loan, you need to provide your mobile number to the bank. Further communication will be done through registered mobile number. You can track your loan application using the mobile number shared during the application process.

Processing fees and time of HDFC Bank personal Loan

HDFC Bank customers can get a personal loan in just 10 seconds once they fulfil eligibility criteria. After submitting documents, non-HDFC customers can get personal loan in 4 hours if they meet eligibility criteria. HDFC bank processing fees: The bank charges a fee of up to 2.5% of the loan amount subject to at least Rs. 1,999/- and maximum Rs. 25000/-

HDFC Bank Personal Loan Login

At HDFC Bank, with the bank’s website one can anytime log in-to their respective HDFC Bank personal account or directly into their loan account by using their credentials such as the Login ID and password. Once logged in, it is very convenient to check out all the activities of your account on the go. HDFC Bank also provides the overview feature through its app, you can enter your loan account number, or simply scroll through the overview section of the app for all the information regarding your current account status.

HDFC Bank Personal Loan Status

With HDFC Bank, it is quite convenient and easy to track the status of your personal loan application by taking a few simple steps. First, by visiting the web-site or through the mobile phone application, and login using your credentials such as your login id and password, going further one needs to enter the application number or the document number which is provided for the loan application. Going forward, the page shows the overall activity and the account summary, where one can easily track the loan application status, thus can know whether the loan has been approved, in process or is rejected.

HDFC Bank Personal Loan Statement

HDFC Bank is one of the most reputed and one of the highly recognised banks in the country. The bank claims to be ethical and transparent to all its customers in every way possible. Mostly customer complain about not receiving proper documentation or sequential reports regarding their personal or loan account. However, HDFC Bank sends the monthly account statements to all its customers via email or in hard copies without any requests being raised from the customer’s end. These statements include all information regarding all the transactions made through account under the personal head or the loan account. At the time of the registration with the bank, the customer has to choose how they would like to receive these statements from the bank, whether on their registered email or in hard copy to be delivered at their registered residential address.

HDFC Bank Personal Loan Top-up

HDFC bank ensures that its customers get the best rate of interest under their balance transfer facility and also provides an opportunity that the applicant can avail a top up on its existing personal loan once it is transferred from any other bank to HDFC Bank. This loan can also be treated as an additional loan at the time of transferring your existing balance to a new bank. You can get top up on personal loan from HDFC Bank once you have made regular repayments of at least 12 subsequent EMIs against the existing loan. The bank offers top up loans at relatively lesser rate of interest as that of your existing personal loan. 

For example, Mr. A had taken a loan of ₹ 2,00,000 from a bank names XYZ. During the initial processing Mr. A was told the rate of interest will be charged at 12.75% per annum. Mr. A agreed and took the loan for a tenure of 3 years. Now, after paying 12 EMIs, Mr. A want to transfer his loan to the HDFC Bank. In this case the calculation goes as shown in the table;

Loan Amount

ROI @ 12.75%

Tenure (Months)

Repayment

EMI

Interest

2,00,000.00

0.011

36

2,41,730.37

6,714.73

41,730.37

Amount paid in EMIs in 12 months – (6714.73 X 12) = 80,576.79

Outstanding balance – (2,41,730.37 – 80,576.79) = 1,61,193.58

Balance transferred to HDFC Bank = 1,61,193.58 at 10.75% interest rate

How to reduce your personal loan EMI expense

Maintaining your CIBIL score: Once you start thinking of availing a loan facility it is advised to check your credit score through CIBIL and acquire your credit report. A decent and desirable credit score stands around 750 and above. Once you have your credit score in the given range, it suggests that you have paid all your loans or credit facilities within the stipulated time as any ideal customer is supposed to do. With the help of this score, you can try and negotiate with your bank to get a better deal on your loan. However, if in case you score less on the above parameters, you can still identify the mistakes you have made in the past that has affected your credit score, providing you an opportunity to make amendments well in time.

Negotiation with the Bank: Once you acquire your CIBIL report or credit score you can proceed further with your negotiations with the bank. Depending on your current relationship with your bank who is aware about your monthly income details and routine expenses, with them you can go ahead with the negotiations on good terms and proven history. Also, the same can be applied for existing lenders or previous lenders where you have paid your dues on time show casing that you are very disciplined when it comes to financial matters, you can negotiate a better deal with them.

Longer Repayment Tenure: A longer period of repayment for a loan depicts that your EMI reduces proportionately. This is possible when your principal and interest is divided over a greater number of months as a longer repayment tenure. However, while the actual monthly outflow will be smaller, you will be paying out EMIs for a longer period of time and also the interest will be accrued for a longer period. As an adverse effect, one can say while the monthly outgo might become smaller, you might end up paying more as compared to a shorter tenure over the entire repayment tenure of the loan.

Using the Prepayment Option: Instead of using various negotiation channels or opting for a longer repayment tenure, there is one way which can significantly reduce the entire EMI and outstanding amount for the majority of your tenure, which is to make a pre-payment. A prepayment is nothing but an early part payment of the outstanding amount of the loan amount. In cases where an applicant has received an incentive or a bonus and is able to afford the option of prepaying part of your loan, it is better to do it in the early months/years of the tenure so that your principal decreases, thereby saving you interest on later payments.

HDFC Bank Customer Care Number

City

Phone Number

Ahmedabad

07961606161

Bangalore

08061606161

Chandigarh

01726160616

Chennai

04461606161

Cochin

04846160616

Delhi & NCR

01161606161

Hyderabad

04061606161

Indore 

07316160616

Jaipur

01416160616

Kolkata

03361606161

Lucknow

05226160616

Mumbai

02261606161

Pune

02061606161

FAQs
Q1 How much can I borrow?
You can borrow a loan ranging from Rs. 50,000 to Rs. 15, 00,000, depending on your income and repayment capacity. You can add your spouse’s income if you want to get a bigger loan.
Q2 How can I repay my Personal Loan?
You can easily repay the loan in equal monthly installments (EMIs). The loan can be paid through post-dated cheques, ECS or a standing instruction to debit your HDFC Bank account with the EMI amount.
Q3 Is part-prepayment of a Personal Loan allowed?
Yes, it’s allowed for loans booked on or after the 1st of April, 2018. You can partly close your HDFC bank online personal loan account after you have paid at least 12 EMIs towards your loan disbursement. The following conditions are attached to the part-prepayment procedures- part-prepayment is allowed only 2 times during a loan tenure You can make part-prepayment only once in a particular financial year No part-prepayment should exceed 25 % of the principal outstanding, at that point of time. Any part-prepayment attracts certain charges as per the applicable terms and conditions maintained by the bank. This leads to either a reduction in the loan tenure (with the same EMI amount) or reduction in EMI amount for the remaining loan tenure. You can refer to the HDFC personal loan EMI calculator or home loan calculator HDFC before making a part-prepayment.
Q4 How does a Salary Account help me get a personal loan?
You get a special rate of interest and processing fee, speedy processing and minimal documentation if you have a Salary Account with HDFC Bank. This is taken into account at the time of disbursal of the loan
Q5 What is Pledge?
A right over the security is created in favor of HDFC Bank. Hence shares cannot be transferred or sold by the consumer or shareholder.
Q6 What will happen to my post dated cheques if I change the repayment mode for my loan?
As a usual practice, the Post Dated Cheques (PDCs) submitted to the bank towards loan repayment, which is yet to be encashed, will be defaced and kept with the bank. If you want your PDCs to be returned to you, please submit a request through the HDFC retail loan service center or via phone banking within 45 days from the date of application of the change in repayment instructions. Alternately, you can also email the bank at www.hdfcbank.com/services. If the bank is not intimated within the specified period, it will be at liberty to destroy the defaced cheques.
Q7 How long will it take for my Personal loan to be processed?
Once you have submitted your application form and the required documents as per Bank's criteria, you can expect loan approval and disbursal within 3 working days, provided everything is in order. All loan approvals are at the sole judgment of the bank.
Q8 How can I change the mode of repayment/ account for my loan?
Once you have submitted your application form and the required documents as per Bank's criteria, you can expect loan approval and disbursal within 3 working days, provided everything is in order. All loan approvals are at the sole judgment of the bank.
Q9 What are the charges I have to pay to change the mode of repayment/ account for my loan?
a service charge of INR.500 is applicable for changes in loan repayment instructions issued from non-HDFC Bank Account (ECS facility or PDC facility).
Q10 How do I know if am eligible for an HDFC personal loan?
All you need to do is just check your eligibility using personal loan eligibility calculator through afinoz.com, and apply for the HDFC personal loan.
Q11 What are the advantages of applying for HDFC Bank personal loan through afinoz.com?
Checking HDFC personal loan status is now a very simple task with Afinoz. You can get the best possible interest rate for HDFC personal loan. Through this, it is possible to have the instant approval of a loan with a real-time tracking facility.
Q12 Does afinoz.com charges for its Loan Calculator Tools like loan eligibility calculator or loan EMI calculator Facility?
No, the services are absolutely free and can be availed by anyone at all times.
Q13 How to use AFINOZ EMI Calculator Facility?
AFINOZ offers an exclusive Personal Loan EMI Calculator Tool letting customer obtain a unique vision into their personal loan EMI. Everybody can make use of this tool to understand the EMI break-up of loans in just one click, after providing the loan amount, the rate of interest and tenure.
Q14 What is the easy process of checking the HDFC personal loan application status online?
If you have applied for your HDFC bank Personal Loan through AFINOZ then all you need to do is to fill the HDFC bank personal loan application details at the website and get your loan status in real-time.
Q15 Do I need to present any collateral or security?
No, HDFC personal loan is an unsecured loan. There is no requirement of any security or guarantee for it.
Q16 Where can I get the HDFC personal loan application form?
The application form is easily available on afinoz.com website or this can be applied directly through HDFC bank website too, on the other hand, it is essential to know if a bank rejects the loan due to unawareness of the eligibility criteria; it’s difficult to get a loan in other banks. Thus use Afinoz to check your eligibility for HDFC bank; it is advisable to apply for a personal loan with Afinoz, as there will be no chances of being rejected unless the applicant has an illegitimate past record.
Q17 How much interest is charged by HDFC Bank on a personal loan?
HDFC personal loan interest rates today are 14.75% to 20.70%.
Q18 What is the minimum and maximum tenure of HDFC Bank personal loan?
You can conveniently repay your personal loan from HDFC Bank in a period of minimum 12 months to maximum 60 months.
Reviews
Rukun Kumar
12 Jun 2019
I have taken a personal loan from the HDFC bank for 3 lacs. The interest rate is very Low, The whole application and documentation process was easy and hassle free. It has been a very good personal loan experience with the HDFC Bank.
Jatin Sigh
29 Aug 2019
I have taken my personal loan with HDFC bank 2 months back. The loan amount was 4 lakh and the interest rate was on a higher side which is not satisfactory. The EMI period was 1 year. I had a good process here and there is no processing fee.
Rajendra K.
09 Apr 2019
I got a HDFC Bank personal loan through online. During the application and disbursal process, I faced no problem at all. My loan was disbursed on time. Repayment tenure is very flexible helping you get a personal loan for whatever period you want to get a personal loan for. 
Aman Jha
17 Apr 2019
I applied for HDFC personal loan online. I have requested a personal loan of Rs. 4 lakh for 4 years. Processing fees is nominal and interest rate is affordable for HDFC personal loan. 
Aanand kumar
15 May 2019
Being an existing customer of HDFC bank, I had no problem in applying for a personal loan and my amount was credited into my bank account in just 1 hour. HDFC personal loan is one of the best personal loans in the country. 
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