There will never be a better time to pay off your debts
Take a look at HDFC Bank Salary Plus (Personal Loan)
HDFC Bank Salary Plus (Personal Loan for Salaried Employees)
This loan is designed to salaried employees of reputed govt. and private organisations 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. Borrowers drawing salary through the HDFC Bank account are eligible for this loan.
Features of HDFC Bank Salary Plus
Why this Loan?
- The HDFC Bank Salary Plus scheme is meant for permanent/confirmed salaried employees of Public Sector Undertakings, Central Government, State Government units, reputed national and multinational companies who need financial assistance to meet urgent personal needs. The borrowers must have a salary account with HDFC Bank to be eligible for this loan
- This unsecured loan can also be repurposed into a consolidation loan to pay off their high-interest credit card debts and loans
- There are no foreclosure charges for this loan
Loan Amount
- The maximum loan amount offered under this loan scheme is up to three times the net monthly salary of the borrowers
Interest
- As of October 2020, the interest rate applicable to this loan may range from 15% to 18%
Repayment
- This is a non-EMI product. The repayment period is decided by the bank on a case-to-case basis after assessing the borrower’s application
Eligibility
- Permanent/confirmed employees of Public Sector Undertakings, Central Government, State Government units, reputed national and multinational companies with at least two years of service having their salary account in HDFC Bank are eligible for this loans
Security Needed
- This is an unsecured loan, meaning you don’t have to offer any collateral to get the loan
Processing Charges
- The bank charges Rs. 999 plus applicable tax 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