HDFC Personal Loan: Benefits and Features

A personal loan is one of the best credit products whose demand is always high throughout the year. It is one of the best-selling financial products among all the borrowers to meet their immediate financial requirements. The reason for having high demand is that being a personal loan is unsecured and comes with quick processing.  Such facilities are not given in any other form of credits and if given, there are certain terms and conditions. The Personal loan is offered by almost every financial institution, but personal loan offers available with HDFC bank have reached another level. It has a stronghold in the market for this loan product.

Benefits and offers associated with HDFC Personal loan

It has an easy loan application processing and has a wide range of branch networking all over India. HDFC has opened its branches even in many Indian villages. The loan offered by the HDFC bank is based on the repayment history, CIBIL score, and financial credential of a person.

Features of HDFC Personal loan

Fast loan disbursal

The HDFC bank does make loan applicants wait and offers a quick loan disbursal. You can easily get to know by making a comparison of loan disbursal time taken by HDFC bank with other financial institutions.  The maximum time is taken by HDFC Bank to disburse the loan is 4 hours.

Comes with low-interest rates

The HDFC bank offers applicants always the best interest rates be it a salaried, self-employed, or a working professional. The interest rate offered by HDFC bank starts from 15 percent and goes up to 23.52 percent. It is decided after checking the loan applicant’s CIBIL score and repayment history.

Online Loan application

The HDFC bank is using the digital platform to given personal loans to its applicants. They have adopted a 100 percent online process. Every step of availing a personal loan offers is digital. Starting from filing the loan application, uploading scanned documents till checking of the HDFC Personal loan status is contactless and touchless. It is one of the main requirements nowadays due to COVID 19 pandemic. All these upgrades make it easy for the borrower to avail of this loan.

Prepayment charges levied on HDFC personal loan

The HDFC Bank is offering a Personal Loan with lower-prepayment charges in comparison to other financial institutions. They waive off the pre-payment charges after 36 months.

How to apply for HDFC Personal loan online

You can apply for a Personal loan with HDFC Bank at your convenience. Online on the website of HDFC bank or choosing any of the online platforms. Nowadays all those who are applying for a loan for the first time or facing issues in getting a loan sanctioned directly through the bank, for their convenience, NBFCs and FinTech are giving assistance to all those.

Here are the steps to follow

  • Visit the official website of HDFC Bank. You can also apply for an HDFC Bank personal loan through an online marketplace like IndiaLends.com
  • Visit the official website of HDFC Bank. You can also apply for an HDFC Bank personal loan through an online marketplace like IndiaLends.com
  • Once you have submitted the application form, HDFC Bank will check your creditworthiness and based on that will give you various HDFC personal loan offers.
  • If you agreed on the loan offers and terms and conditions, then you would be required to submit the KYC documents online.
  • Finally, your documents will be processed by HDFC Bank, and on successful approval of the loan, the funds will be disbursed to your HDFC Bank account immediately.
  • Be it is your need, apply for a personal loan with HDFC Bank and get away with all the financial worries in a hassle-free manner.


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