HDFC Bank Personal Loan | BankCircle

HDFC Bank provides personalized debt with margin documents and quick approvals, making it much easier for individuals to access funds conveniently in the event of a cash emergency. You have about Rs. Funds can be used. 40 lakh can be paid within 12 to 60 months.

HDFC Bank Personal Loan Activities

  • Amount of funds: HDFC Financial Company Rs. Uses the first individual finance. 50,000 approximately Rs. 40 lakhs.
  • Flexible period: Personal finance ranges for HDFC Financial Company for 12 to 60 months and can be selected by an individual based on his / her settlement ability.
  • Margin document: HDFC Bank’s personal loan application is quick and easy as it requires minimal documentation
  • Personal Credit Security and Security: One can protect his personal finance from HDFC Financial Institution through Serve Suraksha Pro. The benefits are as follows:
  1. Shield of credit equivalent to the highest loan amount
  2. Up to Rs 8 lakh will be admitted to the accident hospital
  3. Insurance for Unexpected Death / Permanent Disability Rs. 1 lakh
  • Personal loan balance transfer: Get low and revised interest rates by converting your current personal car loan to HDFC Bank. With an individual loan balance transfer, one can reap the following benefits:
  1. Get a lower interest rate of 10.50% on existing funds
  2. Just Rs. Use flat handling fees. 1999
  • Guaranteed with HDFC Financial Institution Personal Funding: If you have a personal loan from HDFC Bank, you have an alternative way to get personal accident insurance up to Rs 8 lakh and insurance for essential ailments up to Rs. 1 lakh for small premium. The premium for these plans will be deducted from the fund at the time of issue.

HDFC Personal Loan Interest Rates

Although HDFC Bank’s interest rate on personal loans starts at 10.50%, the interest rate on personal loans depends on a number of factors, including credit score, age, employment, repayment history, and current loan.

Eligibility limit

  • You are a paid physician, CA, an employee of private limited companies, and an employee working in the public sector, including federal, state, and local organizations.
  • You must be at least 21 years old and your optimal age should be 60
  • You must have at least 2 years of work experience and have worked with your current employer for at least one year.
  • Your minimum regular monthly income is Rs. 20,000 per month if you stay in Delhi, Mumbai, Bangalore, Hyderabad, Chennai, Pune, Ahmedabad, Kolkata and Kochi. For locals in other cities, the minimum regular monthly income is Rs. 15,000.

Documents required for loan application

  • Proof of Identity: Copy of Passport / Voter ID Card / Driving License / Aadhar
  • Address Proof: Copy of Passport / Voter ID Card / Driving License / Aadhar
  • Bank notice of the previous 3 months (Passbook of the previous 6 months).
  • Two current income slips with current form 16 / current dated income certificate.

Personal loan verification process

  • After completing all the essential forms in the banking circle, your personal financial application will be refined by the financial institution.
  • The bank looks at your application form and gives you a confirmation call.
  • Bank schedules to pick up the file from your office or home after verification.
  • Once you have sent all the relevant documents, they will receive further confirmation.
  • After confirmation, you will receive an additional phone call confirming the final loan amount, interest rate and term.
  • Once the bank receives confirmation from you, the loan will be repaid within a few days.

HDFC Personal Credit Report

  • Log in to Net Banking.
  • Select the Lending tabs and select ‘Register New Fund’.
  • Enter your details.
  • Click ‘Submit’.
  • OTP is definitely available on your registered mobile. Enter it to complete the recording.

HDFC Finance Company Personal Financial Restructuring (COVID-19).

To alleviate the cash crunch on creditors during the nationwide COVID-19 lockout, HDFC Bank actually issued an RBI-mandated ban that ended in September. Therefore, from October 2020, it is expected that all customers, including outstanding HDFC personal funds, will return to regular EMI solutions. However, as a large number of consumers are still facing cash crunch due to the Govt-19 epidemic, HDFC Bank has now come up with a car loan resolution mechanism according to the RBI.

This reduction mechanism is expected to reduce the financial burden on eligible customers for a period of 2 years. It should be noted, however, that restructuring will not only fix the “restructured” financial situation in the consumer credit record that may have an impact on credit rating, but will also include additional interest on outstanding funds. Because of this, you should only go with financial restructuring as a last resort or if you have the cash to proceed, proceed with your set up loan EMI settlements.

Updated: February 19, 2022 — 5:38 am

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