HDFC Bank Interest Rates

Hello sir I want to apply for Personal Loan at HDFC Bank so will you please tell me what is the Interest Rates for this Loan??

[Shaleen]

HDFC Bank, which was incorporated in 1994, is the fifth largest bank in India by assets. Over the years HDFC Bank has won the trust of its customers and has become a market leader in personal loans.

Personal Loan Interest Rates

Interest Rate (Monthly reducing balance): 12.75% to 19.00%

Processing Fees: 0 to 2.5% of Loan Amount

Loan Tenure: 1 year to 5 years

Pre-closure Charges:
Preclosure permitted after 1 year.
4% of principal outstanding (plus ST) in 2nd year
3% (plus ST) in 3rd year
2% (plus ST) afterwards

Guarantor Requirement: No guarantor required

Documents Required for Applying:

1. Signed application form with photograph

2. Copy of passport/voter ID card/driving license

3. Processing fee cheque

4. Last 3 months bank statement/6 months bank passbook

5. Documentation for salaried applicants:
Latest salary slip
current dated salary certificate with the latest Form 16

6. Documentation for self-employed applicants:
Latest Bank statement
Latest ITR or Form 16