Who Can Apply for This Loan
Individuals aged 21 to 60 years who are employed in private companies or the public sector can apply for the HDFC Bank Personal Loan. The applicant must have a minimum monthly net income of ₹25,000. They should have at least 2 years of total work experience, with a minimum of 1 year in the current organization. A CIBIL score of over 720 is generally required.
No additional documents are required for pre-approved offers. Self-employed individuals can also apply through a separate business loan. Even if someone already has an ongoing loan, they can apply based on eligibility.
Required Documents
Proof of identity and address, such as a valid passport, voter ID, driving license, or Aadhaar card. Additionally, bank statements for the last three months or a passbook for the last six months. Two recent salary slips or the latest Form 16 along with a current salary certificate. If you are a pre-approved customer, no documents are required. All documents can be scanned and submitted online.
A Suggestion for You
If your monthly income is over ₹75,000 and you are taking a loan of more than ₹10 lakh, under the Golden Age Program, you can repay the loan after 12 EMIs without any prepayment charges. This feature can save a significant amount of interest over the long term. Paying EMIs on time not only improves your credit score but also increases your chances of obtaining larger loans in the future. Always ensure that there is enough balance in your account before the EMI is deducted.
How to Apply for HDFC Bank Personal Loan
Applying for the HDFC Bank Personal Loan is very easy. You just need to visit the bank’s official website, enter your profession and Aadhaar details, and fill in your personal information. After confirming your income and completing the KYC process, you will receive the loan offer. Upon approval, the amount is directly transferred to your account. So, what are you waiting for? Click the button below and fulfill your financial needs instantly!