Apply for HDFC Bank Personal loan: Simplest Way to Pay off your debts

The HDFC Bank Personal is the best option to meet any kind of financial contingencies and it can be obtained with minimal paperwork. You can use the loan amount for any expense like planning a wedding, medical emergencies, home renovation, or unexpected travel. Be it any cash flow crunch, get the loan instantly with HDFC bank.

In case you are a pre-approved customer of HDFC bank, then in just 10 seconds, the loan amount is credited to your bank account as compared to the usual process of loan sanction which usually takes 4 hours. The best part about going with HDFC bank's loan is that it offers various platforms to people to apply like through its ATM, HDFC bank website, or loan assist app, or at the best FinTech platforms.

Not only the applying process easier but also the repayment tenure that suits your needs. Using the HDFC EMI calculator, one can make the payments in equated monthly installments by entering details like interest rate, payment tenure, and loan amount.

Benefits of applying for HDFC Bank Personal Loan

• The procedure of getting a Personal loan with HDFC bank is hassle-free.

• It comes with minimal paperwork

• Add-on advantage is given to HDFC Bank Customers, they loan instantly in 10 seconds.

• You can apply for a personal loan with HDFC bank for any reason unlike a car loan or home loan that is used for that specific purpose only.

• It is an unsecured and collateral-free loan where no security is required to get a loan.

• Repayment terms of Personal loans offered by the HDFC Bank are flexible, you can choose your tenure as per the suitability. The offer tenure ranging from 12 months and goes up to 4 years.

• To get the loan instantly, you are required to submit the following details like Identity proof, address proof, and income proof.

• When you apply for a loan with HDFC bank, they also offer you tax benefits on interest payments, in case your purpose of applying loan is home renovation or construction. Buying a house and needed to make a down payment or for higher education purposes.

Eligibility criteria for HDFC Personal Loan

• Age must be between 21 years to 60 years

• Job stability, for at least 2 years, with a minimum of 1 year in your current job

• Minimum monthly income should be 25000 per month

• You are a salaried doctor, or a CA, or an employee of any private limited company or a Public-Sector undertaking (including Central, State, and Local bodies).

Ways to check HDFC personal loan status

1. Log in to the website from where you have applied for HDFC Bank Personal Loan 

2. Click on their loan tracker

3. Simply fill in the required details:

• Applicant name/ Reference proposal

• Date of Birth/ Mobile number

Date of Birth/ Mobile number

Now stay updated with the current HDFC personal loan status of your loan. HDFC Bank has collaborated exclusively with IndiaLends, an online marketplace that offers low-interest personal loans best suited for your needs.