Who can apply for HDFC Personal Loan?
To be eligible for an HDFC Personal Loan, you generally need to be a salaried employee between the ages of 21 and 60, with at least two years of job experience, including at least one year with your current employer. Additionally, your net monthly income should be at least ₹25,000.
Required documents:
✔️ Proof of Identity / Address Proof (Passport / Voter ID / Driving License / Aadhar Card Copy)
✔️ Bank Statement for the last 3 months (Passbook for the last 6 months)
✔️ Latest Form 16 along with the last two salary slips / current dated salary certificate
Applicable rates and fees
The interest rate on this loan is determined based on your eligibility, ranging from 10.75% to 24.00%. There is a one-time processing fee of up to ₹4,999, with GST (Goods and Services Tax) applicable.
You can choose a flexible repayment tenure between 3 to 72 months based on your budget. Please note that any overdue amount will incur a penalty of 18% per annum (annual) along with any applicable government taxes.
A smart option for your financial needs
HDFC Personal Loan is a multi-purpose loan that can be used for various purposes such as debt consolidation, medical expenses, home renovation, travel, and education. With its attractive interest rates, flexible repayment options, and minimal processing fees, HDFC Personal Loan is a smart choice for individuals looking for quick and hassle-free loans.
However, it is important to compare the interest rates and fees offered by different lenders before making a decision. You should also consider your financial situation and borrowing needs when selecting the right loan amount and repayment period.
How to apply for HDFC Personal Loan?
To learn more about applying, visit HDFC Bank’s official website or call the customer service center for HDFC Personal Loan.