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HDFC Bank Personal Loan for Professional in Delhi NCR through LoanMoney

HDFC Bank Personal Loan for Professional

HDFC Personal Loans are great when it comes to dealing with life’s financial challenges. There are number of times when you need quick money for a number of reasons, it could be a medical emergency, or an urgent housing renovation, a foreign holiday, a family wedding or any other such thing. Getting HDFC Bank Personal Loan not only helps you get by, quick repayment of it improves your credit score thus enabling you to take bigger help next time, in case the need arrives.

Flexibility of usage minimal documentation and quick processing make HDFC Personal Loan a preferred financing option. Enjoy a wide range of benefits, speedy documentation, and competitive rates when you choose a HDFC Bank Personal Loan through LoanMoney. LoanMoney will help you meet all your financial needs without any hassles!

HDFC Bank Personal Loan Features & Benefits in Delhi NCR

HDFC Personal Loans are great when it comes to dealing with life’s financial challenges. There are number of times when you need quick money for a number of reasons, it could be a medical emergency, or an urgent housing renovation, a foreign holiday, a family wedding or any other such thing. Getting HDFC Bank Personal Loan not only helps you get by, quick repayment of it improves your credit score thus enabling you to take bigger help next time, in case the need arrives.

Features of HDFC Bank Personal Loan

  • Interest rates for HDFC Personal Loan is allocated according to the customer's salary, the amount being borrowed, loan tenure and other criteria that differ from one lender to another.
  • HDFC Personal Loan requires minimum paper work and is often approved within 48 hours of submitting an application.
  • Check your HDFC Personal Loan eligibility online or at select branches in just 60 seconds. Once all your papers are submitted, the loan will be disbursed in just one working day.
  • The repayment time period is fixed and ranges from 1 to 5 years.

Benefits of HDFC Bank Personal Loan

  • Higher Loan amount with Lower EMI.
  • Funds can be used for business as well as personal needs.
  • Special offers, interest rates and charges for all HDFC Bank account holders.
  • Easy Documentation processing 100% Transparency on all transactions.
  • Maximum Loan up to INR 1.5 million for 5 years. read more...

HDFC Bank Personal Loan Eligibility & Documentation in Delhi NCR

Eligibility of HDFC Personal Loan relies upon different factors but the most important factor is your ability to repay the loan. The main factors on which the eligibility of an applicant depends are:

  • Age of the borrower: Age plays an important role to know your eligibility and repayment capacity. HDFC Bank offers loan to salaried individuals who are at least 21 years old at the time of loan approval and maximum 60 years at the time of loan maturity.
  • Income of the borrower: HDFC Bank asks for a minimum net monthly income of Rs. 15,000 to be eligible for personal loans. Salaried employees in government job, defence or working with a reputed private company and getting regular salary in bank account with salary slip, form 16 can get personal loans easily.
  • Job stability and Profession: Job stability is important to improve your eligibility for Personal Loan from HDFC Bank. In case you are salaried, you must be in a full time job for at least 12 months of which not less 24 month must be with your current company.
  • CIBIL Score: Your past CIBIL history and repayment record of existing loans and credit cards has direct impact on your HDFC Personal Loan eligibility. If you have a poor repayment record, then you may find it difficult to get HDFC personal loan. A regular repayment track record increases your loan eligibility.
  • Loan Amount: Based on the loan amount eligibility, bank gives you loan ranging from Rs. 50,000 to Rs. 9,000,000. To improve chances of approval, apply for a loan amount that you can comfortably service.
  • Fixed Obligations to Income Ratio (FOIR): Bank will also calculate the proportion of your fixed obligations (including EMIs paid on other existing loans) to your income to calculate the FOIR (Fixed Obligation to Income Ratio). In summary, fixed obligations include running EMIs, if any, on existing loans and estimated average monthly expenses. Minimum FOIR to be eligible for HDFC Personal Loan from the bank is 0.45.

Documents for HDFC Bank Personal Loan

  • Proof of identity: Copy of passport/voter ID card/driving licenseProof of address: Copy of ration card/telephone or electricity bill/rental agreement/passport
  • Last 3 months bank statement/6 months bank passbook
  • Latest salary slip/ current dated salary certificate with the latest Form 16. read more...

HDFC Bank Personal Loan Interest Rates and Charges in Delhi NCR

HDFC Personal Loan interest rates is one of the first parameters that one considers along with other value adds like pre-closure options, part payments etc. Interest rates are the rate at which the bank is willing to lend money to you which in turn is their source of income. Let us have a basic understanding of how Personal Loan interest rates are calculated.

The Bank has deposits from customers like you in the form of Fixed Deposits, balance in the savings account and so on. The bank has a certain payout for these deposits. This payout is considered as the cost of capital for the banks and they lend at an interest higher than their cost of capital accounting for the risk involved with the customer who they are lending to. read more...

HDFC Bank Personal Loan Frequently Asked Questions (FAQ) in Delhi NCR

Have a Question regarding Personal Loans? Check out Frequently Asked Questions about HDFC Bank Personal Loans. Find the answers to all your HDFC Bank Personal Loan queries and Get your clarification right here.

How long can I take to repay my HDFC Personal Loan?
HDFC Personal Loan offers flexible repayment options ranging from 12 to 60 months, depending on the customer’s profile.

How much can I borrow HDFC Personal Loan through LoanMoney?
You can take a loan ranging from Rs. 50,000 to Rs. 15, 00,000, depending on your income and repayment capacity. You can club your spouse’s income if you want to get a bigger loan.

How can I repay my HDFC Personal Loan through LoanMoney?
You pay the loan in equal monthly instalments (EMIs). The loan will be paid through post-dated cheques. You can also pay through ECS or a standing instruction to debit your HDFC Bank account with the EMI amount. Try LoanMoney for EMI calculator to calculate how much you need to pay each month.

What are the loan tenure options for Professionals Loan?
You can repay your loan over a period of 12 to 60 months. read more...

 

HDFC Bank MCLR Rate in Delhi NCR

Marginal Cost of Funds based Lending Rates (MCLR)
Effective Date: March 7, 2017

Tenor MCLR in %
Overnight 7.85
1 month 7.85
3 month 7.9
6 month 7.95
1 year 8.15
2 year 8.2
3 year 8.3

LoanMoney has also affiliation with below branches of HDFC Bank located at Delhi NCR

Wazirpur | Vishwas Nagar | Vikaspuri | Tri Nagar | Timarpur | Tilak Nagar | Shalimar Bagh | Shakur Basti | Shahdara | Sadar Bazar | Rohini | R K Puram | Rajouri Garden | Rajendra Nagar | Patparganj | Patel Nagar | Okhla | New Delhi | Narela | Nangloi Jat | Najafgarh | Model Town | Mehrauli | Matia Mahal | Malviya Nagar | Madipur | Laxmi Nagar | Krishna Nagar | Kasturba Nagar | Karol Bagh | Kalkaji | Jangpura | Janakpuri | Hari Nagar | Greater Kailash | Gandhi Nagar | Dwarka | Deoli | Delhi Cantt | Chhatarpur | Chandni Chowk | Burari | Bijwasan | Bawana | Ballimaran | Badli | Badarpur | Babarpur | Ambedkar Nagar | Adarsh Nagar | Ghonda | Karwal Nagar | Kirari | Kondli | Mangolpuri | Matiala | Moti Nagar | Mundka | Mustafabad | Palam | Rithala | Rohtas Nagar | Sangam Vihar | Seelampur | Seema Puri | Sultanpur Majra | Trilokpuri | Tughlakabad | Uttam Nagar

About HDFC Bank

In 1995 HDFC Bank was incorporated, with its registered office in Mumbai, India. Its first corporate office and a full service branch at Sandoz House, Worli was inaugurated by the then Union Finance Minister, Dr. Manmohan Singh. HDFC Bank is an Indian banking and financial services company headquartered in Mumbai, Maharashtra. It has about 76,286 employees including 12,680 women and has a presence in Bahrain, Hong Kong and Dubai. HDFC Bank is the second largest private bank in India as measured by assets.

It is the largest bank in India by market capitalization as of February 2016. It was ranked 69th in 2016 BrandZTM Top 100 Most Valuable Global Brands. HDFC Bank provides a number of products and services which includes Wholesale banking, Retail banking, Treasury, Auto (car) Loans, Two Wheeler Loans, Personal loans, Loan Against Property and Credit Cards.

 
Loan Application

 

It is a type of unsecured loan and helps to meet your current financial needs. You don't need any security/collateral while availing it. Personal Loan is your solution for instant cash and can be used for travelling, wedding, medical emergency, home renovation, or anything else.

 

Home Loan is a Secured loan offered against the security of a house/property which is funded by the banks and NBFCs the property could be a personal property or a commercial one. Home loans consist of an adjustable or fixed interest rate and payment terms.

 

Loan Against Property belongs to the secured loan category where the borrower gives a guarantee by using his property as security. Banks and financial institutions offer this LAP, which can either be a residential/commercial building or a piece of land.

 

A Business Loan is a loan specifically intended for business purposes. As with all loans, it involves the creation of a debt, which will be repaid with added interest. Banks and other financial institutions are there to provide you with suitable lending assistance.

Different Purposes for Personal Loan through LoanMoney

Marriages are made in heaven and its celebration is one of the happiest and memorable events for married couples and their families. Wedding loan is available to people looking to meet their wedding expenses in order to make the wedding a grand success.
A Medical Loan is extended by a bank or a financial institution under the category of personal loans. A medical loan can be used for multiple emergency purposes such as an operation, surgery, procedure, therapy or for any concern related to health.
Balance transfer is the process where a customer transfers his outstanding principal amount to another bank or financial institute primarily for a better rate of interest and also for better features. Balance transfer reduces your interest rates and finally ensure saving.
The Credit Card Payment Loan is designed to allow you to take control of your finances and pay your credit cards off faster. This is made possible by consolidating your high-interest card balances into one monthly payment at a fixed rate and term.
The Education Loan aims at providing financial support from the bank to deserving/ meritorious students for pursuing higher education in India and abroad. Students enrolled in career-oriented courses e.g. medicine, engineering, management etc, can avail this.
Travel loan is a kind of Personal Loan that you can apply while planning a travel. It can help to cover the costs associated with your holiday, such as airfares, accommodation, hotel fares, tour packages, travel gears/accessories, or any other type of expenses associated with your travel.
Debt consolidation/ Financial Restructuring is a process to streamline one's financial stability and debt. Thus by consolidating many small debts with one debt, one gets favourable payment off terms and lower burden of EMI.
Home is the place where your story generates. Home Renovation Loans are designed for the purpose of renovating a house and can be taken by a person who owns the property to be renovated.

Disclaimer: LoanMoney is not a Loan Providing Organization. We are facilitating the Loan Process from various Banks & NBFC. The rate, eligibility criteria, term & conditions of various banks are subject to change as per bank discretion. We try our best to keep the data up-to-date, but we can't guarantee the accuracy of data provided in this site. LoanMoney help you to embark on your dream at the right time with many Banks/NBFC's Loan opportunities available! Follow a few simple steps to help LoanMoney team understand your requirements.

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