HDFC BANK PERSONAL LOAN

Founded in August 1994, the HDFC Bank today is one of the leading private sector banks in India. Having a network of 4,281 branches spread over 2,587 cities; HDFC takes pride in servicing a customer base of about 4 crore..

With its strategy of providing its customers convenient & affordable products through multiple channels, the bank has recorded high growth volumes in all its three business segments – wholesale banking, treasury and retail banking.

Providing a complete range of Banking & Financial services HDFC Bank continues to maintain its strong growth record.

WHY HDFC BANK FOR PERSONAL LOAN.

The Personal loan is a priority product for HDFC. At the time of the Economic slowdown of 2001-2002, most Banks completely stopped or were only marginally marketing & issuing Personal Loans. HDFC Bank stood steadfast in its policies carving a niche for its self. The current personal loan portfolio of the bank stands at Rs 41,000 crore.It is now undoubtedly the market leader.

A personal loan enables individuals to meet their needs of finance required to fulfil personal obligations & needs of a lifestyle.

With years of experience the HDFC Bank now has in place progressive policies & efficient systems. An applicant can be assured of a doorstep delivery of his personal loan processed in the shortest time period.

Apply for loan

RATE CHART PERSONAL LOAN PROCESS FOR SALARIED CUSTOMERS.

Charges Applicable	Details
Rate of Interest	11.29%-22% per annum @ monthly reducing balance.
Processing fees	Minimum 999/- up to 2.5% maximum.
Pre Closure Charges	After 12 months -4% of the principal outstanding.After 36 months- 2% of the principal outstanding.
Part Payment	Allowed*
Loan cancellation charges	Nil (However the processing charges will not be re funded. Interest will be charged on the interim period of loan closure.
Cheque Bounce Charges	Rs 550/- per cheque Bounce.
Charge for late payment	2% per month from date of unpaid EMI
Cheque swapping charges	Rs 500/-
Amortization Schedule charges	Rs 200/-
Stamp Duty	At actual as per applicable law
CIBIL report copy charge	Rs 50/- per copy.
Service Tax/Other Taxes	At actual applicable presently or in the future.
Legal,reposession & incidental charges
At actual.

PERSONAL LOAN POLICY FROM HDFC BANK

The Personal Loan for salaried from HDFC Bank is available for all salaried individuals meeting the Basic Criteria as follows.

The Applicant should be an Indian Citizen.

Personal loans serviced to customers above the age of 21 years up to 58 years.

Should be gainfully employed, drawing a net salary of above 15,000/- net per month.

A Job experience or continuity of over 12 months should be established.

Proof of regular Salary credits should be available in the Bank Statement

Minimal Education Qualifications of Graduation or pre Graduation preferred.

PERSONAL LOAN ELIGIBILITY CRITERIA FOR HDFC BANK

As per the HDFC Bank Policy

HDFC Bank offers Personal loan as an unsecured loan without any security.

Loan amounts that can be issued is from 50,000/- up to 25, 00,000

Tenure for the Loan amount is from 12 months to 60 months

Net Salary of the Applicant: The monthly net salary or the income determines the Loan amount that the Bank will disburse. The applicant should be comfortable in meeting his/her monthly expenses after paying back the monthly Emi to the Bank.

DOCUMENTS REQUIRED TO PROCESS YOUR PERSONAL LOAN FROM HDFC BANK.

Income Documents;

Salary Slip for the Last 3 months.
Bank Statement from Salary account for the last 3 months showing 3 salary credits.
Form 16 for the last financial year.
Pan card copy.

KYC Documents;

Photo Identification proof.(Passport/Driving Licence/Voter I.D./Adhaar Card/Ration Card)
Current Address Proof.(Bank Statement, Utility Bill, Rent Agreement)
Company I.D.

HDFC BANK PERSONAL LOAN SCHEME FOR PENSIONERS

With the changing proficient medical facilities available today people are leading active lives post retirementage which has just has just become a number.

After a prestigious career, employees of the State & Central government services can lead a comfortable life with a regular Pension amount which has been enhanced manifolds after the 7th pay commission.

As a first from any Bank, HDFC Bank now offers Personal Loans to pensioners up to the age of 65 years!

Pensioners can now fulfil any dream or ambition like travelling or redecorating their homes, or just treating themselves to an updated gadget or appliance with the Easy & convenient Personal loans from the HDFC BANK.

Under this Special Scheme the criterion for availing a Personal Loan is as follows:

Employees covered under this scheme are Central & State Government Pension Holders & Defence Pension Holders.
Maximum Age Limit at the time of completion of Loan is 65 years.
Minimum Loan amount sanctioned is Rs 50K
Maximum loan Amount sanctioned is Rs 5 lakhs
Minimum tenor for which the Loan amount is disbursed is 12 months.
Maximum tenor for repayment of Loan amount taken is 36 months.
A contact with the Applicant in Person is mandatory during the current/permanent verification.
Credit Protect Insurance is mandatory for all Pensioner cases.

*All other criterion is as per The HDFC Bank Personal Loan Policy.

hdfc bank personal loan