Are you searching for the best personal loan in India 2021 offered by top banks? Personal loans are offered by HDFC Bank at interest rates ranging from 10.75% to 21.50% per annum. One can pick between 1 year and 5 year payback period. The interest rate charged on your loan, on the other hand, will be determined by factors such as the loan amount, your credit score, and so on. HDFC Personal Loan offers for eligible applicants
Loan Amount: HDFC Bank offers loans ranging from 50,000 to 75 lakhs, with lower rates applied to larger loans and vice versa, so apply accordingly.
Salary: Customers with a net take-home monthly salary of more than Rs. 25,000 are eligible for a personal loan from HDFC Bank. If you have a low salary, the interest rate is higher; if you have a bigger income, the rate is lower.
Employer Category: Based on an internal assessment of the company's size, reputation, profitability, and other factors, HDFC Bank has classified the companies into high, medium, and low categories. When you apply for a personal loan with HDFC, the bank will determine your interest rate based on your company category. Afinoz can also assist you to figure out which company category you fall into so you can receive the best deal.
Relationship with the Bank: HDFC Bank offers special rates to current customers who have a good chance of acquiring loans at the lowest possible interest rate, which starts at 10.25 percent.
CIBIL Score: HDFC Bank examines the CIBIL score of personal loan applicants, which must be at least 650. The higher your CIBIL Score, the better your chances of getting the greatest deal.
Documents required for HDFC Bank Personal Loan
One who needs to avail of HDFC Personal Loan should be eligible for the following keywords:
If you're applying for a loan online, you'll need a completed loan application form or an online form.
2 Passport size photo is required to submit.
ID Proof: Any of the following proof such as Driver's license, PAN, Passport, Voter ID, Aadhaar Card.
Residential Address Proof (Anyone): Driver's license, PAN, Passport, Voter ID, Aadhaar Card, Rent agreement, passport, leave and license, and utility bill from the previous three months.
Income Documents: A copy of the last two years' Form 16, a three-month pay stub, and a three-month bank statement showing salary credit and any EMI debit.
HDFC Personal Loan Schemes
Personal Loan Diva for Women Customers To meet their unique needs, HDFC Bank offers a specific personal loan program called Personal Loan for Diva to women customers. Women can apply for a pre-approved personal loan up to Rs. 3 lakhs under this plan. You can also take advantage of online offers, products/vouchers, and M-coupons. These unique vouchers can be used both online and in person.
Personal Loan for salaried professionals If you are a salaried professional, such as doctors, physiotherapists, architects, chartered accountants, and company secretaries, and meet other qualifying conditions such as age, income, and CIBIL Score, you can apply for an HDFC Bank loan for salaried professionals. You must be between the ages of 21 and 60, have at least two years of experience, and earn at least Rs. 25000 each month.
Personal Loan for doctors Non-salaried doctors can get specialized personal loans from HDFC Bank. Doctors must have a minimum of four years of work experience following graduation to qualify for the loan. Other requirements include a minimum annual income of Rs 1 lakh and profitability for the previous two years.
Personal Loan to Pensioner
Get a loan of up to 500,000 dollars.
The loan can be used for a maximum of 36 months.
Pensioners can borrow up to 50% of their increased income.
Top-Up Loan If you already have an account with HDFC Bank, you can apply for a Top-up loan. It can be easy to get a top-up loan of up to Rs. 50 lakhs.
Conclusion
Lastly, it should be noted that because of its cheap interest rates, rapid approval, and online procedures, the HDFC Bank Personal Loan is the most popular personal loan in India. You can also get HDFC Bank Personal Loan Top-Up and get an instant solution for the same. If you need to get more details, you can contact Afinoz.com for HDFC Personal Loan approval.