Some frequently asked questions(FAQs) regarding HDFC bank personal bank loan

What’s the maximum unsecured loan amount provided by HDFC Bank?

HDFC Bank loans that are personal available as much as ?40 lakhs.

Do i want a guarantor to try to get a loan that is personal HDFC?

No, a guarantor is not needed to be able to make an application for a personal bank loan from HDFC.

What is the pre-closure cost for HDFC signature loans?

The pre-closure charges for HDFC loan are very different. Furthermore, prepayment to some extent or complete in HDFC bank is permitted after payment of 12 EMI’s.

Pre-payment(on principal outstanding)

13-24 Months 4% of major outstanding
25-36 Months 3% of principal outstanding
36 Months 2% of principal outstanding

I be able to make a part-payment option if I take a personal loan from HDFC, will?

Needless to say, HDFC signature loans have actually the center to produce part-payment towards the mortgage. Nevertheless, it appeals to a cost which relies on whenever you make the repayment. A component payment is permitted as much as 25percent associated with the principal outstanding which can be permitted only one time in a year that is financial twice during loan tenure.

The fees act like preclosure/prepayment of personal bank loan which can be,

  • 13-24 Months – 4% of Principal Outstanding,
  • 25-36 Months – 3% of Principal Outstanding
  • A lot more than three years – 2% of Principal Outstanding

What’s the processing that is typical charged by HDFC for signature loans?

The processing cost charged by HDFC loans that are personal as much as 2.5per cent associated with loan amount at the mercy of a the least ?1,999 and optimum of ?25,000.

Whenever can I produce a pre-closure of my HDFC unsecured loan?

Prepayment in part or complete in HDFC bank is permitted after repayment of 12 EMI’s.

Just how long will HDFC Bank try validate my personal bank loan application?

It generally takes 2-3 days to validate your unsecured loan application.

Exactly what are the repayment practices readily available for my HDFC personal bank loan?

Generally speaking, there are two payment techniques readily available for your HDFC loan that is personal. One is ECS or Electronic Clearing provider that is a mode that is electronic of transfer in addition to other is through offering post-dated cheques.

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