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Old 7th April 2016, 11:00 AM
Super Moderator
Join Date: May 2012
Default Re: HDFC Personal Loan

I will help you here to get the information about the personal loan of HDFC bank so that you can have idea about it.

Features of the loan
Highly competitive personal loan interest rates

Special offers, interest rates and charges for HDFC Bank account holders

Personal loan eligibility in 1 minute available online and across all branches

Special personal loan offers* for women employees
Walk in Loan: Walk in to the branch with your documents and get Personal Loan in a day

Convenience of contacting us through SMS, Webchat, Click2Talk, PhoneBanking and across all branches

Eligibility criteria
Be 21-60 years of age.

Have had a job for at least 2 years, and a minimum of 1 year with your current employer

Be earning at least Rs. 12,000/- per month net income (Rs. 15,000/- in Mumbai, Delhi, Bangalore, Chennai, Hyderabad, Pune, Calcutta, Ahmedabad, Cochin)

Documents required
Proof of identity: Copy of passport/voter ID card/driving license

Proof of address: Copy of ration card/telephone or electricity bill/rental agreement/passport

Last 3 months bank statement/6 months bank passbook

Latest salary slip/ current dated salary certificate with the latest Form 16

Interest rates and charges
Rack interest rate
Salaried - 15.75% to 20%

Loan processing charges
Up to 2.50% of the loan amount subject to a minimum of Rs. 1,000/- & Maximum of Rs. 25000/- for Salaried Customers.

Salaried - No pre-payment permitted until repayment of 12 EMIs

Pre-payment charges
Salaried - 13-24 Months - 4% of Principal Outstanding,
25-36 Months - 3% of Principal Outstanding
>36 Months - 2% of Principal Outstanding

No Due Certificate/No Objection Certificate (NOC)

Duplicate of No Dues Certificate/NOC

Solvency Certificate
Not applicable

Charges for late payment of EMI
24% per annum on amount outstanding from date of default
Charges for changing from fixed to floating rate of interest Not applicable
Charges for changing from floating to fixed rate of interest Not applicable

Stamp duty & other statutory charges

As per applicable laws of the state

Credit assessment charges
Not applicable

Non standard repayment charges
Not applicable

Cheque swapping charges
Rs 500/-

Amortization Schedule charges
Rs 200/-

Loan cancellation charges
NIL (However client would be charged interest for the interim period between date of loan disbursement and loan cancellation and processing fees would be retained.)

Cheque bounce charges
Rs. 550/- per cheque bounce

Legal/incidental charges
At actual

CIBIL Report Copy Charges
Rs.50 per copy

HDFC Bank House, Senapati Bapat Marg
Lower Parel (W), Mumbai - 400 013.

91 - 22 - 6652 1000
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