HDFC Personal Loan

Benefits

	Borrow up to Rs 15,00,000 for any purpose, depending on your requirements.
	Repay with easy EMIs.
	Avail Attractive Interest Rates
	Hassle-free Loans - No Guarantor / Security / Collateral required
	Speedy Loan Approval.
	Flexible repayment options, ranging from 12 to 48 months.
	Convenience of service at your doorstep.
	Credit Shield.
	Personal Accident Cover.
	Rs 250 Gift Voucher for every Personal Loan & Business Loan disbursals between 1st August & 31st August,2010..

Elgibility

	Salaried Individuals include Salaried Doctors, CAs, employees of select Public and Private limited companies, Government Sector employees including public sector undertakings and central, state and local bodies: Eligibility Criteria Minimum age of Applicant: 21 years Maximum age of Applicant at loan maturity: 60 years Minimum employment: Minimum 2 years in employment and minimum 1 year in the current organization Minimum Net Monthly Income: Rs. 10,000 per month (Rs. 15,000 in Mumbai, Delhi, Bangalore, Chennai and Hyderabad & Rs. 12,000 in Calcutta, Ahmedabad and Cochin) Documents required: Proof of Identity (Passport Copy/ Voters ID card/ Driving Licence) Address Proof (Ration card Tel/Elect. Bill/ Rental agr. / Passport copy/Trade licence /Est./Sales Tax certificate) Bank Statements (latest 3 months bank statement / 6 months bank passbook) Latest salary slip or current dated salary certificate with latest Form 16
	Self employed (Professionals) include self - employed Doctors, Chartered Accountants, Engineers, MBA Consultants, Architects, Company Secretaries. Eligibility Criteria Minimum age of Applicant: 25 years Maximum age of Applicant at loan maturity: 65 years Years in business: 4 to 7 years depending on profession Minimum Annual Income: Rs. 100000 p.a. Documents required: Proof of Identity (Passport Copy/ Voters ID card/ Driving Licence). Address Proof (Ration card Tel/elect. Bill/ Rental agr. / Passport copy/Trade licence /Est./Sales Tax certificate). Bank Statements(latest 6 months bank statement /passbook) Latest ITR along with computation of income, B/S & P&L a/c for the last 2 yrs. certified by a CA Qualification proof of the highest professional degree
	Self Employed (Individuals) include self-employed - Sole proprietors, Partners & Directors in the Business of Manufacturing, Trading or Services. Eligibility Criteria Minimum age of Applicant: 21 years Maximum age of Applicant at loan maturity: 65 years Years in business: 5 yrs continuous business experience Minimum Annual Income: Rs. 1,00,000 p.a. Available in select cities Documents required: Proof of Identity (Passport Copy/ Voters ID card/ Driving Licence) Address Proof (Ration card Tel/elect. Bill/ Rental agr. / Passport copy/Trade licence /Est./Sales Tax certificate) Bank Statements(latest 6 months bank statement /passbook) Latest ITR along with computation of income, B/S & P&L a/c for the last 2 yrs. certified by a CA Proof of continuation (Trade licence /Establishment /Sales Tax certificate) Other Mandatory Documents(Sole Prop. Decl. Or Cert. Copy of Partnership Deed,Cert. Copy of MOA, AOA & Board resolution.)
	Self Employed (Pvt Cos and Partnership Firms) include Private Companies and Partnership firms in the Business of Manufacturing, Trading or Services Eligibility Criteria Years in business: Minimum of 3 years in current business and 5 years total business experience Business must be profit making for the last 2 years Minimum Annual Income: Rs 100000 p.a. Available in select cities Documents required: Address Proof (Ration card Tel/elect. Bill/ Rental agr. / Passport copy/Trade licence /Est./Sales Tax certificate) Bank Statements(latest 6 months bank statement /passbook) Latest ITR along with computation of income, B/S & P&L a/c for the last 2 yrs. certified by a CA Proof of continuation (Trade licence /Establishment /Sales Tax certificate) Other Mandatory Documents (Sole Prop. Decl. Or Cert. Copy of Partnership Deed, Certified true copy of Memorandum & Articles of Association (certified by Director) & Board resolution (Original).)

FAQS

	What are the Benefits of having a Salary Account for my Personal Loan? You get preferred interest rates, priority processing and simpler documentation if you have a Salary Account with HDFC Bank. This is taken into account at the time of disbursal of the loan. You can pay through Standing Instructions to debit your HDFC Bank account with the EMI amount.
	How much Loan can I avail of? You can avail of a loan from Rs 25,000/- to Rs 10, 00,000/- depending on your Income and Repayment Capacity. You can club the income of your spouse if you wish to increase your loan amount.
	How do I repay my Personal Loan? You pay the Loan in equated monthly installments. The Loan will be paid through post-dated Cheque or through Standing Instructions to debit your HDFC Bank account with the EMI amount. Calculate how much you will repay each month.
	What security do I need to provide to obtain this Loan? To obtain the Loan, there is absolutely no need to provide any Security or Collateral.
	What are the Loan tenure options? You can repay your Loan over a period of 12 to 48 months.
	How long will it take for me to get my Loan? Once you submit your application form and supporting documents, we shall give approval within 72 hours provided everything is in order. All Loan approvals are at the sole discretion of the bank.
	Can I repay the Loan earlier? You can choose to repay your Loan anytime after 6 months of availing the Loan at a maximum pre-payment penalty of 4% of the Principal Outstanding on your Loan.