Personal Loan
Why avail a Personal Loan from HDFC Bank?
HDFC Bank offer personal loans for all your requirements. Smart
products, competitive offerings and peace of mind differentiate us.
Enjoy triple benefits when you avail a personal loan from HDFC
Bank:
Quick personal loans-Experience express loan processing, easy
documentation, quick disbursal and doorstep service
Competitive pricing -Benefit from competitive loan rates and
convenient repayment options
Transparency -Zero hidden charges, reasonable processing fees
and utmost clarity on the loan process with up-to-date information
about the loan application at each stage
Features and Benefits of Personal Loans
Personal loans from HDFC Bank offer exclusive features and
benefits:
In principal Personal loan eligibility in just 1 minute - Online,
as well as across all branches
Personal loan Diva: A special loan proposition for women
employees. Enjoy more than 100 free alliance offerings, across 100
locations in India
Loan offerings for first time borrowers also
Personal loans available on the basis of credit history
(repayment of home loans, auto loans and credit cards)
Receive a Personal Accidental Cover of up to 8 Lacs* along
with a Critical Illness cover of 1 Lac*
Convenience of reaching out through SMS, Webchat,
Click2Talk and PhoneBanking
Personal Accident Cover
Pay a nominal premium* and secure the needs of your loved ones
with a Personal Accident cover of up to Rs. 8Lacs and a Critical
Illness cover of up to Rs. 1 Lac.
The premium for both these policies will be deducted from the loan
amount at the time of disbursal. Prescribed service tax and applicable
surcharge/cess will be charged extra.
Secure your Personal Loan with Sarv Suraksha Pro
Key benefits of the policy:
Credit Shield cover equal to the outstanding loan amount
Accidental Hospitalization cover of up to 8 Lacs*
Accidental Death/Permanent Disablement cover of up to 1Lac*
Critical illness is 1 Lac*
(* Terms and conditions of the insurers shall apply.The policy is
offered by HDFC Ergo GIC Ltd.)
Personal Loan Balance Transfer Offers
Already have a personal loan? Reduce your EMIs by transferring
your existing personal loan to us and avail special offers and
exclusive benefits.
Interest rate as low as 12.99%* on the existing loan transfer
Flat processing fees of Rs. 999
Interested in personal loan balance transfer? Apply now
Personal Loan Diva for our women customers
HDFC Bank Personal Loan Diva is an exclusive offer for today's
women, who are empowered, enlightened and enterprising - a
woman like you. This tailor-made Personal Loan takes you closer to
fulfilling your dreams by taking care of your financial requirements
and also comes with a host of benefits through special privileges.
HDFC Bank Personal Loan Diva offers:
Pre-approved Personal Loan of Rs 3 lac*
More than 100 Diva offers across premium brands and
products.
Click here for more information on Personal Loan Diva privilege
offers
Personal Loan Eligibility and Documentation
Learn more about the eligibility criteria andthe documents required
for availing a HDFC Bank personal loan.
The documentation for a HDFC Bank personal loan varies from
individual to individual. The requirements are based on your
profession, income and loan requirement.
Do you receive a regular salary?
This category includes salaried doctors, CAs, employees of private
limited companies, employees from public sector undertakings
including central, state and local bodies.
You should:
Be 21-60 years of age.
Have had a job for at least 2 years, and a minimum of 1 year
with your current employer
Be earning at least Rs. 12,000/- per month net income (Rs.
15,000/- in Mumbai, Delhi, Bangalore, Chennai, Hyderabad, Pune,
Calcutta, Ahmedabad, Cochin)
Documents to be submitted:
Proof of identity: Copy of passport/voter ID card/driving
license
Proof of address: Copy of ration card/telephone or electricity
bill/rental agreement/passport
Last 3 months bank statement/6 months bank passbook
Latest salary slip/ current dated salary certificate with the latest
Form 16
Personal Loan Interest Rates & Charges
Enclosed below are HDFC Bank Personal Loan Interest Rates & Charges
Fee Amount to be Paid
Rack interest rate Salaried - 15.75% to 20%
Loan processing charges Up to 2.50% of the loan amount
subject to a minimum of Rs. 1,000/-
& Maximum of Rs. 25000/- for
Salaried Customers.
Prepayment Salaried - No pre-payment
permitted until repayment of 12
EMIs
Pre-payment charges Salaried - 13-24 Months - 4% of
Principal Outstanding,
25-36 Months - 3% of Principal
Outstanding
>36 Months - 2% of Principal
Outstanding
No Due Certificate/No NIL
Objection Certificate (NOC)
Duplicate of No Dues NIL
Certificate/NOC
Solvency Certificate Not applicable
Charges for late payment of EMI 24% per annum on amount
outstanding from date of default
Charges for changing from fixed Not applicable
to floating rate of interest
Charges for changing from Not applicable
floating to fixed rate of interest
Stamp duty & other statutory As per applicable laws of the state
charges
Credit assessment charges Not applicable
Non standard repayment charges Not applicable
Cheque swapping charges Rs 500/-
Amortization Schedule charges Rs 200/-
Loan cancellation charges NIL (However client would be
charged interest for the interim
period between date of
loan disbursement and loan
cancellation and processing fees
would be retained.)
Cheque bounce charges Rs. 550/- per cheque bounce
Legal/incidental charges At actual
CIBIL Report Copy Charges Rs.50 per copy
Rates offered to customer during the period of October'15 to December'15.
IRR Q III (2015-16)
Min IRR 9.95%
Max IRR 19.99%
Avg IRR 14.37%
Annual Percentage Rate offered to customer during the period of October'15 to
December'15
APR Q III (2015-16)
Min APR 9.99%
Max APR 22.01%
Avg APR 15.31%
*Service Tax and other Government taxes, levies etc. applicable as
per prevailing rate will be charged over and above the Fees and
Charges
Loan at the sole discretion of HDFC Bank Ltd.
Terms and Conditions
Credit at sole discretion of HDFC Ban.
Timelines mentioned are for working days / hours and excludes Sundays and public
holidays and it starts after successful submission of all necessary documents as required by
HDFC Bank for credit decision.
Based on the information submitted by the customer during on-line application, the
customer may be required to submit necessary additional information/documents for verification
as required by the Bank. For such cases loan disbursal timeline commitment will not apply.
