Wednesday, February 2, 2011

HDFC Personal Loan



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

66 comments:

  1. 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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  2. i like your blogs thanks for sharing.
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  3. personal loan eligibility I casually Went through your Blog and its well explained each and every eligibility criteria.Because to have a personal loan one must understand eligibility criteria.

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  4. Personal loans are temporary credit for only a few time. The rates are high kind of loans as most financing does not need a collateral. Anyway, I really like this article to read.

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  5. Nice Article About Personal Loan But You can Get More Information From Personal Loan

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  6. nice post about HDFC personal loan. I have also availed the personal loan from HDFC Personal Loan Vadodra that provides good services and provides loan at comparatively cheaper interest rates....

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  9. I 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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  11. This blog contains all the valuable information concerning personal loan. HDFC personal Loan can be availed by the person by following the above terms and conditions given in the blog. It is a quick and easy way to get out from financial crisis.

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  12. Quite useful information about HDFC Personal Loan is provided in this blog. I have availed this loan and i am satisfied with the services of HDFC Bank.

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  13. Valuable information provided in this blog regarding HDFC Personal Loan. HDFC provides this offer at reasonable rate of interest to accomplish financial needs of the person during fiscal problems.

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  16. HDFC is always a reliable bank for taking Personal loan. Due to high competition, HDFC Personal loan rates are available at low interest rates. The current rates can be checked online.

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  17. HDFC is one of the most trusted and reliable banks in India dince a long time. I have taken HDFC Mortgage Loan, and I am not facing any problem regarding anything. The team is quite cool.

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  18. I like your blog very much! It is found me so interesting and informative... Thanks very much for sharing this amazing information over here.

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  22. Of course, it's easier to take out a personal loan if you have good credit. But NerdWallet's study also found that borrowers with poor credit or a nonexistent credit history could still get comparable loans. To know more about Personal loan, visit Personal loan in Chennai

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