Whether you are facing a financial problem or there is an unexpected need for a fund, you can handle all the finances in a single loan that is HDFC Bank personal loan. To meet your financial problems quickly, HDFC Bank lends you up to INR 40 lakh at an interest rate starting from 10.75% per annum. The fund gets in your account in just 10 seconds of the approval. Read the article to know what are the benefits you could avail from HDFC Bank personal loan.
Are HDFC Bank personal loans easy to pay?
Yes, with an attractive interest rate and flexible tenure, you can pay the loan in 60 months maximum. The bank charges the interest rate to your borrowed amount depending on your HDFC loan eligibility, and using the online calculator, you can find the suitable loan for yourself. Because if you borrow the right amount from the bank, there would be less chances of getting a high rate of interest.
To make a payment of your HDFC Bank personal loan, you can use services like Electronic Clearing Service or Standing Instruction for hassle-free timely payment. Using the EMI calculator, you can choose a suitable tenure for the payment.
How does the online loan service work at HDFC?
You can download the HDFC Mobile app or visit the official website to apply for the HDFC personal loan. And, you get access to all the online tools and services available there. Fill up a loan application form to request for the HDFC Bank personal loan, and if you are the existing customer check your pre-approved offer. The pre-approved loan is based on your credit history and relation with the bank. So, you might get a good loan offer and at the desired rate of interest if your credit history is free from defaults.
The list of documents and charges for HDFC Bank personal loan!
To apply for the loan, you need to go through the process which requires a few documents and charges. Look at the below mentioned list to find out what you need to take care of in HDFC Bank personal loan.
- Processing fee: HDFC Bank requires you to pay 2.50% of your loan amount to process the loan. And the fee is nonrefundable if you cancel it later on. It can range from INR 2,999 to INR 25,000 depending on your loan.
- KYC and Income proofs: After the loan application approval, you need to submit your Aadhar, salary slip and bank statement to the bank. Once your documents are verified the bank disburses the loan.
When you complete the application, payment and documents, then the last step is withdrawal. You can use the loan amount and pay your debts or meet your financial needs with the loan amount. To get an amortization schedule of your HDFC Bank personal loan, you need to request for it, and pay INR 200+GST for it.
So, go and meet your financial needs with the HDFC personal loan. And prepay the loan after 12 months of EMI whenever you met with a good financial year.