Thinking of a Personal Loan to pay off your debts?

Take a look at HDFC Bank Pre-approved Personal Loan

HDFC Bank Insta Personal Loan

This loan helps borrowers to get funds to meet their urgent financial needs including expenses for a child’s wedding, domestic and foreign travel, medical emergency, child’s education, etc. Salaried employees of government organisations, public sector units, private sector companies and institutions, etc. are eligible for this loan.

Features of HDFC Bank Personal Loan

Why this Loan?

  • The HDFC Bank Personal Loan scheme is meant for permanent employees of Public Sector Undertakings, Central Government, State Government units, reputed national and multinational companies who need financial assistance to meet urgent personal needs. They can also avail this as a consolidation loan to pay off their debt
  • This is a pre-approved loan which means that most customers get this loan under 4 hours. The approval is instantaneous for pre-approved HDFC customers
  • This is a collateral-free loan

Loan Amount

  • The maximum loan amount offered under this loan scheme is Rs. 20 lakh

Interest

  • The interest rate applicable to this loan may range from 10.75% to 22.00%

Repayment

  • This loan must be repaid within 5 years

Eligibility

  • Permanent/confirmed employees of Public Sector Undertakings, Central Government, State Government units, reputed national and multinational companies with at least two years of experience and at least one year with the current employer

Security Needed

  • This is a collateral-free loan

Processing Charges

  • The bank charges 2.50% of the loan amount with a minimum of Rs. 2,359 and a maximum of Rs. 88,500 for processing this loan

Documents Needed

  • Loan Application Form duly filled and signed by the applicant and co-applicant, if any
  • Two Passport Size Photographs of applicant and co-applicant
  • Personal ID Proof: Aadhaar Card, PAN Card, Passport or Driving License. PAN Card / PAN Card Issuing Letter is must
  • Signature Proof: PAN Card, Banker’s Verification, Driving License or Passport
  • Residential Address Proof (Any One): Aadhaar Card, Electricity Bill, Post-paid Phone Bill, Valid Rent Agreement
  • Income/Banking Proof for Salaried Professionals: Last 3 months’ salary slip, Form 16 or income tax returns

Reference Facts

  • HDFC Bank Website: www.hdfcbank.com
  • Headquarters: Mumbai, Maharashtra
  • Call Centre Number: 1860 267 6161