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HDFC Bank Personal Loan |
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Fast and Easy Personal Loans :
- A dream vacation?
- Son's admission to a medical college?
- Daughter's wedding?
- Business Expansion / Working Capital requirement?
Whatever the occasion, our range of Personal Loans can help. The procedure is simple, documentation is minimal and approval is quick.
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 Salaried - 14.50% to 22.00%
Self Employed Businessmen - 16.50% to 22.00%
Self Employed Profession - 13.50% to 15.00% |
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Loan Processing Charges - Upto 2.50% of the loan amount subject to a minimum of Rs. 1,000/- |
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Salaried - No pre-payment permitted until repayment of 12 EMIs
Self-employed - No pre-payment permitted until repayment of 6 EMIs |
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Salaried - 4% of the Principal Outstanding after repayment of 12 EMIs. For top-up/enhancements - 2% of the  Principal Outstanding
Self-employed - 4% of the Principal Outstanding after repayment of 6 EMIs |
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No Due Certificate / No Objection Certificate (NOC) - NIL |
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Duplicate no due certificate / NOC- Rs 250/- |
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Solvency Certificate - Not applicable |
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Charges for late payment of EMI- @ 24 % p.a on amount outstanding from date of default |
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Charges for changing from fixed to floating rate of interest- Not applicable |
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Charges for changing from floating to fixed rate of interest- Not applicable |
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Stamp Duty & other statutory charges- As per applicable laws of the state |
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Credit assessment charges- Not applicable |
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Non standard repayment charges- Not applicable |
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Cheque swapping charges- Rs 500/- per event |
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Loan Re-booking charges / Re-scheduling charges- Rs 1000/- |
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Loan cancellation charges- Rs. 1000/- |
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Cheque Bounce Charges- Rs 450/- per cheque bounce |
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Legal / incidental charges- At actual |
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The above rates are purely indicative. The actual rates that you can get from the bank depend on various factors like income, company profile, turnover, repayment history, qualification and negotiating power etc. |
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Borrow up to Rs 15,00,000 for any purpose depending on your requirements. |
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Flexible Repayment options, ranging from 12 to 60 months. |
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Repay with easy EMIs. |
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One of the lowest interest rates. |
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Hassle free loans - No guarantor/security/collateral required. |
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Speedy loan approval. |
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Convenience of service at your doorstep. |
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Customer privileges
- If you are an HDFC Bank salary account holder, we have a special offer for you
- If you are an existing Auto Loan or Home Loan customerwith a clear repayment of 6 months or more from any of our approved financiers or us, you can get a hassle free personal loan (without income documentation).
- If you are an existing HDFC Bank Personal Loan customerwith a clear repayment of 9 months or more, we can Top-Up your personal loan.
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Credit Shield
In case of death or total permanent disability of the loanee,the loanee/nominee can avail of the Payment Protection Insurance (Credit Shield) which insures the principle outstandings on the loan upto a maximum of the loan amount.Principle outstanding is defined as the amount of loan outstanding (not including any arrears in payment or interest thereon) at the Date of Loss,having accounted for payments made and interest accruing as determined in the Policy. Hence,the amount covered does not include any principal added because of non - payment of EMI and also will not include interest/ accrued charges.* |
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Personal Accident Cover
In order to ensure that your family is taken care of we also offer a Personal Accident cover of Rs.2,00,000 at a nominal premium.*
* Premium will be charged for both these products which will be deducted from the loan amount at the time of disbursal .A transaction fee of Rs.750 will also be deducted at the time of disbursal. Please note that service tax @ 10% and Education cess of 3% will also be charged. |
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Salaried Individuals |
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Self employed (Professionals) |
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Self Employed (Individuals) |
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Self Employed (Pvt Cos and Partnership Firms) |
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Salaried Individuals Include Salaried Doctors, CAs, employees of select Public and Private limited companies, Government Sector employees including public sector undertakings and central,state and local bodies :
Eligibility Criteria :
- Minimum age of Applicant: 21 years
- Maximum age of Applicant at loan maturity: 60 years
- Minimum employment: Minimum 2 years in employment and minimum 1 year in the current organization
- Minimum Net Monthly Income: Rs. 10,000 per month (Rs. 15,000 in Mumbai, Delhi, Bangalore, Chennai and Hyderabad & Rs. 12,000 in Calcutta, Ahmedabad and Cochin)
Documents required :
- Proof of Identity (Passport Copy/ Voters ID card/ Driving Licence)
- Address Proof (Ration card Tel/Elect. Bill/ Rental agr. / Passport copy/Trade licence /Est./Sales Tax certificate)
- Bank Statements (latest 3 months bank statement / 6 months bank passbook)
- Latest salary slip or current dated salary certificate with latest Form 16
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Self employed (Professionals) Include self - employed Doctors, Chartered Accountants, Architects, Company Secretaries.
Eligibility Criteria:
- Minimum age of Applicant: 25 years
- Maximum age of Applicant at loan maturity: 65 years
- Years in business: 4 to 7 years depending on profession
- Minimum Annual Income: Rs. 100000 p.a.
Documents required:
- Proof of Identity (Passport Copy/ Voters ID card/ Driving Licence).
- Address Proof (Ration card Tel/elect. Bill/ Rental agr. / Passport copy/Trade licence /Est./Sales Tax certificate).
- Bank Statements(latest 6 months bank statement /passbook).
- Latest ITR along with computation of income, B/S & P&L a/c for the last 2 yrs. certified by a CA
- Qualification proof of the highest professional degree.
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Self Employed (Individuals) Include self-employed - Sole proprietors, Partners & Directors in the Business of Manufacturing, Trading or Services.
Eligibility Criteria:
- Minimum age of Applicant: 21 years
- Maximum age of Applicant at loan maturity: 65 years
- Years in business: Minimum of 3 years in current business and 5 years total business experience
- Minimum Annual Income: Rs.1,00,000 p.a.
Documents required:
- Proof of Identity (Passport Copy/ Voters ID card/ Driving Licence)
- Address Proof (Ration card Tel/elect. Bill/ Rental agr. / Passport copy/Trade licence /Est./Sales Tax certificate)
- Bank Statements(latest 6 months bank statement /passbook)
- Latest ITR along with computation of income, B/S & P&L a/c for the last 2 yrs. certified by a CA
- Proof of continuation (Trade licence /Establishment /Sales Tax certificate)
- Other Mandatory Documents(Sole Prop. Decl. Or Cert. Copy of Partnership Deed,Cert. Copy of MOA, AOA & Board resolution.)
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Self Employed (Pvt Cos and Partnership Firms) Include Private Companies and Partnership firms in the Business of Manufacturing, Trading or Services
Eligibility Criteria:
- Years in business: Minimum of 3 years in current business and 5 years total business experience
- Business must be profit making for the last 2 years
- Minimum Annual Income: Rs 100000 p.a.
Documents required:
- Address Proof (Ration card Tel/elect. Bill/ Rental agr. / Passport copy/Trade licence /Est./Sales Tax certificate)
- Bank Statements(latest 6 months bank statement /passbook)
- Latest ITR along with computation of income, B/S & P&L a/c for the last 2 yrs. certified by a CA
- Proof of continuation (Trade licence /Establishment /Sales Tax certificate)
- Other Mandatory Documents (Sole Prop. Decl. Or Cert. Copy of Partnership Deed, Certified true copy of Memorandum & Articles of Association (certified by Director) & Board resolution (Original).
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