Enjoy the Benefit of HDFC Personal Loan Balance Transfer Feature

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Do you want to go abroad for studies? Dreaming of a big fat destination wedding? Want to redesign your home? Apply for HDFC Personal Loan to meet the diverse financial needs.

HDFC personal loan in 2020 facilitates with simplified documentation and quick approvals. A borrower can avail a loan amount of up to Rs. 40 lakhs. The repayment tenure is customized as per the borrower requirements, ranges from 12 to 60 months. HDFC Personal Loan processing fee and prepayment charges are minimal.
Features of HDFC Personal Loan
  • Quick Processing: A borrower can get a Personal Loan in a few hours. HDFC Bank offers pre-approved loans to customers much faster. Non – HDFC Bank customers can get loans in a short time. 
  • Unsecured Loan: Personal Loans are unsecured, means no collateral or security is required for it. 
  • Lower interest rates: HDFC Bank Personal Loan interest rates as low as 11.49% (t&c apply).  
  • Personal Loan Balance Transfer: HDFC offers the personal loan balance transfer online benefit to the customer so they can enjoy the low-interest rate on the outstanding balance. A personal loan balance transfer is a process of transferring the existing loan balance from one lender to another. 
  • Customized repayment terms: A borrower can adjust repayment tenures to make EMIs pocket-friendly. HDFC Bank Personal Loan EMIs starts at Rs 2,187per lakhs. Applicants can calculate their monthly EMI on online EMI calculators.
  • Simplified Process: A borrower can apply for a loan via net banking on the HDFC Bank website, at an ATM, or by visiting a branch near you.
  • Low Processing costs: The rate of interest on a loan and the processing fee is based on the total loan amount. HDFC Personal Loan has a processing fee of up to 2.50% of the loan amount subject to the minimum of Rs. 2,999. This automatically reduces the loan burden.
HDFC Bank Personal Loan Interest Rate 
The interest rate is a major aspect whenever there is talk about the loan. A borrower can get the competitive interest rate from the HDFC Bank subject to the availed loan amount, salary, loan tenure, and others. Some of the factors that determine HDFC Bank personal loan interest rate in India are given below:

  • Loan Amount- The borrowed loan amount from the HDFC. 
  • Existing Relationship – HDFC Bank offers special rates, offers, and charges to the existing customers of the bank. Those who have managed their accounts and have a good credit history with the bank can get the benefit of low HDFC Bank personal loan interest rates in India.
  • Income- Salary defines the borrower loan repayment capacity. Higher salary bracket borrowers may get loans at lower interest rates. The interest rate of the HDFC bank varies with the net monthly income.
  • Loan Term – HDFC personal loans are of shorter tenure ranges from 12 months to 60 months as it is taken to meet the immediate requirements.
Documents required for HDFC Personal Loan
  • Basic KYC documents like Copy of passport, Voter ID card, Driving license, Aadhaar card.
  • Address proof (copy of passport/voter ID card/driving license/Aadhaar)
  • Last 3 months bank statement (Passbook for past 6 months)
  • Latest salary slip
  • Current dated salary certificate 
  • Form 16

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