Make money work in your favor: Apply for HDFC Personal Loan

Be it is any form of financial requirement for any reason, get HDFC personal loan online. If you are an existing customer of HDFC bank, it is offering pre-approved personal loans in just 10 seconds and for other customers, it takes a maximum of 4-5 hours to complete the loan processing.

Benefits of applying for HDFC Bank Personal Loan:

• Applying for a loan with HDFC bank is hassle-free. You can apply online, through ATM, Loan assistance app, or even personally contacting the bank. The whole process comes with minimum documentation.

• The HDFC bank personal loan is multipurpose.  It can be used for any kind of financial reasons like medical emergencies, home renovation, planning a short trip, or any other.

• No security or collateral is required for a personal loan. There is no need to mortgage any of your assets. It is given based on creditworthiness.

• It comes with the feature of minimal documentation which shortens the loan processing time. All you need to submit is Identity proof, address proof, and income proof.

• All the payment terms are flexible, and you can choose as per the tenure. The HDFC bank is offering tenure ranging from 12 to 60 months.

• The tax benefits are also applicable on the personal loan if the loan amount is used for purchasing or constructing or renovating the home or it is used for higher education.

Features of HDFC Bank Personal Loan

Competitive interest rate:  The bank is offering attractive personal loan interest rates to its customer and people. The interest rate starts from 10.99% and goes up to 20% based on the credit profile of the loan applicant.

Specialized loan offers for women: 

For all the working women, there is a specialized personal loan Diva offer designed by the bank. Under this, all the women employees are allowed to take pre-approved personal loans up to 3 Lakhs. The procedure to apply for this loan is very simple, a woman can contact the bank either through call or email. Post that, the Diva number is generated and sent to your e-mail address.

Efficient customer support

The HDFC bank has an efficient customer support system throughout the loan processing. One can reach the customer desk of the bank through a call, SMS, Chat, Click2talk. There is no need to visit the bank physically.

HDFC EMI calculators

You can get a clear picture of what amount of personal loan can be availed of by using the HDFC bank Personal loan EMI calculator. It is a great financial tool used for calculating affordability and based on that one does the financial planning.

Online application

The HDFC bank makes it possible for the convenience of applicants to apply for a loan easily at the online marketplaces. Apart from the bank website, there are many NBFCs and DSAs available who made collaboration with the bank to offer financial assistance to the loan applicant. They made the whole process contactless and touchless. Post filing a loan application, a person can check its HDFC bank personal loan status also within few hours sitting at the comfort of their home.

Personal Loan Balance Transfer Facility

If you already have a personal loan, you can transfer it to your HDFC bank account to get a lower interest rate. Further, you also get exclusive offers and benefits when you transfer your loan.

HDFC Bank Personal Loan eligibility criteria

• The minimum age to apply for a loan is 21 years and the maximum is 60 years

• You should have at least 2 years of work experience and a minimum of 1 year in the current job.

• HDFC Bank Personal Loans are given to professionals and salaried employees. People who are working as a CA, Doctor, or on any other profile can get a loan. Moreover, employees of private and public sectors are also eligible for a personal loan.

• The minimum in hand salary should be Rs 18000 per month

• Should have a credit score of 750 or above

Bottom line

HDFC is known for offering a  variety of financial products and services. HDFC Bank's personal loan is one of the key offerings of the bank at the best personal loan interest rates. During its long tenure of 21 years, the bank has won the trust of customers. Being one of the oldest banks with sustained growth, HDFC has become a preferred financial service provider.