HDFC Personal loan|Bank Personal Loan 2022|Best Personal loan
As you all are aware that how much there is importance of
money in our life. Our life is next to impossible without this thing known as
known. But everyone do not have as much money as they want but here comes the
loan. It fulfils all your dreams and in return you have to pay back the money
after the time that you want with some interest rate on it. So we are here for
you again bringing a new personal loan that will fulfil all your dreams and
needs. This personal loan is provided by none other than one of the most
trusted bank of India that is HDFC bank .
Lets talk about its types and all the things that one must
know before applying for the loan in HDFC personal bank.
HDFC Bank Personal Loan Types:
Covid personal loan:
- Purpose: For the treatment and related expenses of Covid-19
- Loan amount: Up to Rs 5 lakh
- Duration: Up to 5 years
Marriage loan:
- Purpose: To meet wedding expenses
- Loan amount: Rs 50,000- Rs 40 lakh
- Duration: 1- 5 Years
- Processing Fee: Up to 2.50% of the loan amount, with a minimum of Rs 1,999 and a maximum of Rs 25,000 for salaried applicants
Travel loan by HDFC:
- Purpose: To meet the travel related expenses of the borrower
- Loan amount: Up to Rs 40 lakh
- Duration: Up to 5 years
- Processing Fee: Up to 2.50% of the loan amount, with a minimum of Rs 1,999 and a maximum of Rs 25,000 for salaried applicants
HDFC Emergency loan:
- Purpose: To meet medical, education and marriage related emergency expenses and other urgent needs
- Loan amount: Rs 50,000- Rs 40 lakh
- Duration: Up to 5 years
- Processing Fee: Up to 2.50% of the loan amount, with a minimum of Rs 1,999 and a maximum of Rs 25,000 for salaried applicants
Debt consolidation HDFC loan:
- Purpose: To pay off various liabilities
- Loan amount: Up to Rs 40 lakh
- Duration: Up to 5 years
- Processing Fee: Up to 2.50% of the loan amount, with a minimum of Rs 1,999 and a maximum of Rs 25,000 for salaried applicants
Personal Loan For Home Renovation by HDFC bank:
- Purpose: To meet home renovation related expenses
- Loan amount: Up to Rs 40 lakh
- Duration: Up to 5 years
- Processing Fee: Up to 2.50% of the loan amount, with a minimum of Rs 1,999 and a maximum of Rs 25,000 for salaried applicants
Personal loan for students:
- Purpose: For higher education of students
- Loan amount: Up to Rs 40 lakh
- Duration: Up to 5 years
- Processing Fee: Up to 2.50% of the loan amount, with a minimum of Rs 1,999 and a maximum of Rs 25,000 for salaried applicants
Personal loan for teachers:
- Purpose: To meet any additional expenses for teachers of private or government schools and colleges
- Loan amount: Up to Rs 40 lakh
- Processing Fee: Up to 2.50% of the loan amount, with a minimum of Rs 1,999 and a maximum of Rs 25,000 for salaried applicants
Personal loan for women:
- Purpose: To meet the financial needs of women for travel, education and marriage or any other emergency expenses
- Duration: Up to 5 years
- Loan amount: Rs 50,000- Rs 40 lakh
- Processing Fee: Up to 2.50% of the loan amount, with a minimum of Rs 1,999 and a maximum of Rs 25,000 for salaried applicants
Personal loan for salaried HDFC bank:
- Purpose: To meet the immediate need of money of salaried applicants
- Duration: Up to 5 years
- Loan amount: Rs 50,000- Rs 40 lakh
- Processing Fee: Up to 2.50% of the loan amount, with a minimum of Rs 1,999 and a maximum of Rs 25,000 for salaried applicants
Personal loan for government employees:
- Purpose: To meet the financial needs of government employees related to marriage, medical emergency, travel.
- Loan amount: Up to Rs 40 lakh
- Duration: Up to 6 years
- Processing Fee: Up to 2.50% of the loan amount, with a minimum of Rs 1,999 and a maximum of Rs 25,000 for salaried applicants
Balance transfer by HDFC bank:
- Purpose: For existing personal loan borrowers of NBFCs and other banks to take advantage of lower interest rates in HDFC Bank
- Processing Fee: Starting from Rs 3,999 + GST within it.
Eligibility Criteria for HDFC Bank Personal Loan:
- The applicant must belong to the Private Sector, Public Sector and Central, State and Local Bodies.
- The age of the person must vary from 21-60 Years.
- The person must be an Indian resident.
- At least 2 years and 1 year working with current employer/company
- Minimum Net Monthly Income: Rs.25,000.
Documents required for HDFC personal loan:
- Id Proof (Aadhaar Card/Driving License/Voter ID/Passport)
- Address Proof (Aadhaar Card/Driving License/Voter ID/Passport)
- Bank statement for last 3 months (updated passbook for last 6 months)
- Recent Salary Certificate / Recent Salary Slip along with Form 16.
How to Apply for Personal Loan :
There are 2 main ways to apply for the HDFC personal loan 2022.
The first way is that you will go to the nearest branch of your HDFC bank
and then fill the form physically there and the second method is applying
online. This method is way too ways and I will be discussing about this that
how can you apply for the personal loan by HDFC online sitting at your home
from our smartphone. The steps to apply for HDFC personal loan are as follows:
- Go to the main website of HDFC bank.
- Now chose the personal loan option from main menu.
- Chose the type of loan which suits you the best.
- Enter the required information requested to you .
- Now apply for the loan.
- You will receive a call from the bank officials to verify whether its you or not.
- After the verification, if you are eligible then you will be enjoying the loan amount within no time.
- After the loan gets approved , the loan amount will be directed to your bank account.
