Hdfc personal loan interest rate

Particulars Salaried/Self Employed Interest Rate 10.50% to 21.50% p.a. Processing Fee 2.50% of the loan amount (Min Rs.2,999 & Max. Rs. 25,000) Loan Tenure 1 year to 5 years Loan Amount Rs. 50,000 to Rs.40 lakh Salary/Income 15,000 onwards (Rs. 20,000 in Mumbai, Delhi, Bengaluru, Chennai, Hyderabad, Pune, Kolkata, Ahmedabad, Cochin) Credit Score Above 750 Lowest EMI per Lakh Rs.2,187 Pre-Payment/Foreclosure Charges Allowed after 12 EMI's • 13 to 24 months: 4% of outstanding principal balance • 25-36 months: 3% of outstanding principle • Above 36 months: 2% of outstanding principle Overdue EMI Interest 2% per month on EMI Features of HDFC Personal Loan Scheme • If you are a customer of HDFC Bank and if you apply for a personal loan, the loan amount will get approved within 10 seconds if you meet the required criteria. If you are not a customer of HDFC and have applied for a loan, you will get the loan amount credited to your bank account within 4 hours post the approval of your loan. • You can apply for a HDFC personal loan by visiting the official website of the bank. • On availing a personal loan from HDFC Bank, you can protect yourself by personal accident cover of up to Rs.8 lakh and a critical illness cover of up to Rs.1 lakh. In case something happens to you due to an accident or you get hospitalised after getting diagnosed with a critical illness, you can claim the cover amount. The premium amount will be deducted from your loan amount including the tax and surcharge...

There will be no impact on borrowers of HDFC home loans as a result of this MCLR lowering because the majority of mortgages are obtained through HDFC Ltd, HDFC's parent business. These rates will only apply to older borrowers of personal loans and car loans (floating rate loans) and other loans that linked to the MCLR. The Marginal Cost of the Fund-Based Lending Rate or the MCLR is the minimum interest rate a financial institution needs to charge for a specific loan. It dictates the lower limit of the interest rate for a loan. This rate limit is set in stone for borrowers unless specified otherwise by the Reserve Bank of India. Features of MCLR • The basis of the rate depends on the marginal cost of funds. • The deposit rates, repo rates, operating costs and the cost of maintaining the cash reserve ratio determine the MCLR rate. • MCLR is dependent on the changes made to the Repo rate. • Lenders can change the Base rate every quarter. Other bank MCLR ICICI Bank, Bank of India PNB are few banks that have revised MCLR in the month of June. Don’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp.

Senior Citizen Customers are eligible for discount of 10% on all service charges Charges to avail a Personal Loan Government taxes and other levies as applicable will be charged over and above the Fee and Charges. Loan disbursal at the sole discretion of HDFC Bank Ltd. Fee Amount to be paid Rack Interest Rate Salaried- 10.50% to 24% Processing fee / Loan Processing Charges Up to Rs 4999/- Stamp Duty & Other Statutory Charges As per applicable laws of the state Delayed instalment payment charge 18% p.a plus applicable government taxes on overdue instalment amount Fee Amount to be paid Legal/Incidental Charges At actuals Amortization Schedule Charges  / Repayment Schedule Charges ₹ 50/- Per Instance Repayment mode change charges ₹ 500/- Payment Return Charges ₹ 450 Per Instance Loan cancellation Charges & Rebooking Charges Loan cancellation Charges: Loan cancellation is allowed within cooling off/look-up period from the loan disbursement date. In the event of loan cancellation, interest charged from date of disbursement till the date of loan cancellation will be borne by the customer. Processing Fee, Stamp duty, other statutory charges and GST are non-refundable charges and would not be waived/refunded in case of loan cancellation. Rebooking Charges :-  ₹ 1000/- + applicable government taxes Delayed instalment payment charge 18% p.a plus applicable government taxes on overdue instalment amount Fee Amount to be paid Premature Closure Charges (For Full Payme...

Are your finances planned around the salary credited into your bank account at the end of every month? Then you know how dreadful any unplanned expense, emergency or sudden cash crunch, which causes you to consider dipping into your savings, can be. But there is another way to deal with such situations and financial needs. With HDFC Bank's Personal Loans for salaried employees, you can easily meet the cost of any medical emergency, vacation or education plans, a wedding, or even home renovation. These loans help make sure salaried employees are poised to tackle any extra expenses that may crop up. The bank requires you to have a certain minimum monthly income depending on your location and employment status. You can check your eligibility for this loan offering with HDFC Bank Eligibility Calculator. What’s more, with HDFC Bank EMI Calculator, you can also check to see how your monthly EMIs would look like if you were to avail of the Personal Loan for salaried employees. Features: Stress-free source of funds: You n longer have to worry about money before making every plan or purchase in life. This instant loan for salaried is an easy, attractive source of fund that helps you finance your dreams without any added stress. No need to dip into savings: In the event that you need money for a new or sudden expense, a loan for salaried is a good option that helps you avoid having to dip into your savings pool. Quick and easy loan disbursal: It only takes less than 4 hours to get...

Fees & Charges • Pre-closure fee = 4% of principal outstanding (plus applicable tax) in 2nd year. 3% (plus applicable tax) in 3rd year & 2.5% (plus applicable tax) afterwards • Part-payments can be made only after 12 months. For part payments between 13 to 24 months, a fee of 4% is applicable on the part-payment amount. 3% is applicable on payments between 25 to 36 months. 2% is applicable post 36 months • Part-payments are allowed only twice during the loan tenure and once a year. The amount cannot exceed 25% of the principal outstanding • Features of HDFC Personal Loan • No collateral or security required to avail a personal loan. • Loan disbursal within a day of applying for the loan. • HDFC personal loan interest rates range from 10.50% p.a. to 21.00% p.a. • Borrowers can opt for the ‘Sarv Suraksha Pro’ policy, which provides a credit shield cover, an accidental hospitalisation cover, and a permanent disability/accidental death cover. • Borrowers can also avail an optional insurance cover that will offer coverage against personal accidents and critical illnesses. HDFC Bank Personal Loan Details Rack Interest Rate 10.50% p.a. - 21.00% p.a. Loan Amount Rs.50,000 to Rs.40 lakh* Benefits • Disbursal in 10 seconds for pre-approved customers and in four hours for other applicants • Minimal documentation required • Insurance options available (*Loan amount can vary depending on your eligibility and is solely at HDFC’s discretion) Loan processing fee Up to a maximum of 2...

HDFC Personal Loan EMI Calculator – Calculate Your HDFC Bank Personal Loan EMI Online Personal loans are the most availed type of credit in India. As of FY18, Indians have availed a cumulative Rs. 5.89 Lakh Crore as personal loans. The annual growth rate of such credits is over 20% YoY. Personal loans are popular in India as unsecured short-term credits offering easy access to credits to pay meet sudden monetary requirements. HDFC is a significant personal loan lender. In fact, they outpaced the national growth rate as their personal loan ledger grew by 41% from FY17 to FY18 to swell up to Rs. 41,000 Crore. If you plan to avail a personal loan from this lender, it is highly advised that you calculate your EMI first using an HDFC personal loan calculator . How can HDFC personal loan EMI calculator help you? The most essential pointer that a borrower should know before availing any credit is the EMI. Equated Monthly Instalment or EMI is the amount that a borrower has to pay every month towards the repayment of their credit. It can be a complicated calculation with multiple variables, which is why the HDFC personal loan EMI calculator online can be immensely helpful. • • An online EMI calculator is accurate to the last decimal. It removes the possibility of any inaccuracy, which may be massively disadvantageous for the borrower. Know the exact amount you have to pay every month before availing a loan using this calculator. • EMI calculations can be lengthy and time-consuming ...

To meet various needs, banks and other financial institutions offer a range of loans. The loan application process has been able to accelerate and improve over time thanks to technology. People might have simple access to loans now. The Personal Loan is the most popular loan product in India's debt market. More than 78% of credit requests in India fall into this category. Due to the fact that these loans are unsecured, many prospective borrowers choose them. In short, a Personal loan is a sum of money you borrow from a bank nearby, an online lender or your credit union. Once you receive the money, you start making payments to the lender according to a schedule until the loan is fully repaid. In this blog, we've compiled a list of some of the most popular Personal Loan plans in India for 2023. Read on to learn more about the unsecured personal options by some of the significant Indian banks that are being taken into consideration in this blog. Top Personal Loans Plans in India 2023 S.No. Personal Loan Plans Interest Rates 1. HDFC Bank Personal Loan 10.50% p.a. onwards 2. ICICI Bank Personal Loan 10.50% p.a. onwards 3. Bajaj Finserv Personal Loan 13.00% p.a. onwards 4. Fullerton India Personal Loan 11.99% p.a. onwards 5. IndusInd Bank Personal Loan 10.49% p.a. onwards 6. Kotak Personal Loan 10.99% p.a. onwards 7. Standard Chartered Personal Loan 11.49% p.a. onwards 8. Cent Personal Loan (Central Bank of India) 10.75% p.a. onwards 9. Bandhan Bank Personal Loan 10.50% p.a. onw...