Eligibility Criteria for HDFC Bank Personal Loan | |
Age of Applicant | Min-21 years ; Max-60 years. |
No. of years in employment | 2 years & above |
Current Experience | 1 year & above |
Net Monthly Income | Rs. 15,000/- & above (cat-A companies) Rs. 20,000/- & above (non-listed companies) |
Loan Amount offered by HDFC Bank | |
Minimum Funding | Rs. 50,000/- |
Maximum Funding | Rs. 15,00,000/- |
Loan Tenure offered by HDFC Bank | |
Minimum Tenure | 12 months |
Maximum Tenure | 60 months |
Turn Around Time of HDFC Bank Personal Loan | |
Salary below Rs. 75,000 | working days (48 hours). |
Salary above Rs. 75,000 | 7 working days |
Processing Fee of HDFC Bank Personal Loan | |
Salary account holder | 2% of loan amount |
Non–salary account holder | 2.5% of loan amount |
Prepayment Charges of HDFC Bank Personal Loan | |
Foreclosure Charges | 4% of outstanding principal (Can be foreclosed after 6 months only) |
Salary available for making EMI’s | |
Up to Rs. 25,000 p.m | 35% of salary is considered |
Bet Rs. 25,000 to Rs. 50,000 p.m. | 40% of salary is considered |
Above Rs. 50,000 p.m | 45% - 50% of salary is considered |
Documents Required for HDFC Bank Personal Loan | |
Identity Proof | Passport/ driving license/PAN card/ Photo credit card (with embossed Signature and last two months statement)/ banker’s sign verification |
Age Proof | PAN Card/ Passport/ Driving Licence/ School leaving certificate/ Voter’s card/ BirthCertificate/ LIC policy (only for age Proof). |
Address Proof | Passport/ Telephone bill (BSNL/MTNL)/ Electricity bill/ Title deed of property/Rental agreement/ Driving license/ Election ID card/ Photo-credit card (with last two month statements) |
Income Proof | Latest salary slip/current dated salary Certificate with latest form 16 |
Job Continuity Proof | Form 16/relieving letter/appointment Letter (for last two months) |
Banking History | Bank statements of latest 2 months/ 3 months bank passbook |
HDFC Personal Loan is easy generally released kind of use that does not require any kind of security and can be used for any objective which can be a wedding expenses, a holiday investing, knowledge or buying customer products.
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ReplyDeleteI would like to thank Chandrasekhar for guiding us on this. All the information here is true and it worked for me. Getting a Loan is quite a difficult task to do as one cannot compare all the loan offers of different banks and the Interest rates is a big deal to understand. Thank to Dialabank.com they helped me a lot on this. They are India's first financial helpline. Getting a HDFC Bank Loan was never this easy.
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