HDB Financial Personal Loan
With affordable interest rates and adjustable repayment terms, HDB Financial offers personal loans. There is little to no paperwork required in order to obtain a loan. HDB Financial with interest rates starting at 12.0% - 31.0%. A maximum loan of upto 20 lacs with a maximum 1 to 5 year repayment period is available to you.
The personal loans offered by HDB Financialhave low interest rates and flexible payback schedules. A loan can be obtained with little to no paperwork. Interest rates on personal loans from HDB Financial start at 10.49%, making them a great option for any of your urgent financial requirements. You may be eligible for a loan with a maximum amount of Rs 20,000 to Rs 1 crore and a maximum payback term of 6 months to 5 years.
| Interest Rate | 12.0% - 31.0% | |
|---|---|---|
| Maximum Loan | upto 20 lacs | |
| Processing Fees | 2.50% | |
| Maximum Loan Tenure | 1 to 5 year | |
Loan Disbursal in 3 hrs*
100% Online ProcessA Four-Step Guide to Efficient Financing
HDB Financial Personal Loan EMI Calculator
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Documents Required for HDB Financial Personal Loan
To apply for a HDB Personal Loan, you must have the following paperwork:
PAN cards, Aadhar cards, or passports can be used as identification.
Aadhar cards, passports, voter IDs, or utility bills can be used as address proof.
Evidence of income includes bank statements from the previous six months, Form 16, and the latest three months' worth of pay stubs.
Passport or PAN card is acceptable signature proof.
Personal loans up to Rs 20 lakhs are available through HDB Personal Loan interest rates starting at 12% p.a. and up to a 5-year repayment period. To help professionals who are salaried or self-employed with their financial demands, it offers personal loans.By accessing the creditworthiness of its customers through their social profiles, it also provides New to Credit loans to borrowers with little or no credit history.Borrowers who meet the requirements can apply for a personal loan online from HDBFS by submitting a soft copy of their required documentation.
Feature and Benefits of HDB Financial Personal Loan
In order to satisfy our financial demands, HDB Financial Services offers a personal loan. HDB personal loans can be used for a variety of purposes, including home improvements, urgent household costs, marriage in the family, and medical situations.
Loan amount: Customers can borrow up to $20 lakhs from HDB Financial Services at competitive interest rates, which is highly advantageous for their financial needs. A single platform is used by HDB to offer loan amounts under several schemes.
Tenure of Repayment: All clients benefit greatly from the flexible 5-year repayment term offered for personal loans, which is provided to you.
Interest: HDB Financial Services offers personal loans to its clients at interest rates that can reach 35% annually. The interest rate is set by HDBFS depending on the individual customer's profile, income distribution, credit score, and other factors.
Process of applying HDB Financial Personal Loan
For a variety of financial demands, including home improvement, travel, medical bills, wedding costs, etc., HDB Financial Services provides personal loans to customers. These procedures must be taken in order for HDB Personal Loan apply:
Use your cellphone number to sign up for the HDB On the GO App by clicking the link below.
Specify your name, contact information, employment information, and other personal and financial information.
Send in your application, then wait for HDB Financial Services to get back to you. The HDB Personal Loan staff will contact you for additional processing if your application is accepted.
You must submit the needed paperwork for verification when the loan is granted. The documents can be sent using a courier service or uploaded online.
The loan money will be paid out to your account once the verification process is complete.
FinCrif Frequently Asked Questions ( FAQ )
What are the possible options for repayment?
ANS. Equated Monthly Installments (EMIs) should be used to pay back your HDB personal loans. The EMI can be automatically debited from your account each month before the due date by selecting an Automated Clearing House. Using the HDB mobile app or by entering into your net banking account, you may easily make loan repayments.
Do you have any prepayment options?
ANS. Yes, you can prepay a portion of the loan or close your loan account. Only after paying off the loan with at least 6 EMIs are you able to do this. For the same, fees of up to 4% will be charged in addition to any relevant GST.
Can the loan be terminated if the cash that has been disbursed has not been used?
ANS. Yes. Within seven days of the loan's disbursement, you can choose to cancel it. You may get in touch with the nearby branch or send an email to customer.support@hdbfs.com. Personal loans are subject to a cancellation cost of Rs. 1,000.
Low Processing cost: You only pay a small processing cost on the loan amount you receive. Processing fees will range from 0% to 3% plus GST of the approved loan amount.
Eligibility Criteria for HDB Financial Personal Loan
Here are the HDB Financial Personal Loan eligibility :
Age requirements: Applicants must be at least 21 years old and cannot be older than 60.
Residence: The candidate must reside in India.
Employment: The candidate should be a professional who works for themselves or is paid a salary.
Income: Applicants must have a consistent monthly income source. An HDB Personal Loan requires a monthly income of at least 25,000.
Employment: The applicant should be a full-time worker with at least two years of experience.
Credit Score: For a better possibility of getting a loan approved, the applicant should have a decent credit score. those having a CIBIL Score of 700 or higher.
Fees and Charges of HDB Financial Personal Loan
| Particulars | Charges applicable |
| Loan processing fees | Up to 3% of the loan amount sanctioned |
| Cheque/ ECS bouncing fees | Rs. 750 each time |
| Interest applicable on late payment of the EMI | 3% every month the interest amount is overdue |
| PDC/ ECS Swap charges | Rs. 750 |
| Statement of Account | Rs. 500 |
| Document Retrieval Charges | Rs. 750 |
| Added Repayment Schedule | Rs. 500 |
| Sanction letter copy | NA |
| Loan Cancellation Charges | Rs. 1000 |
