HDFC Bank Personal Loan - Benefit of Personal Loan From HDFC Bank - Step 2

HDFC Bank Personal Loan - Benefit of Personal Loan From HDFC Bank - Step 2


You can apply for
HDFC Personal Loan by going to ATM, Online, Loan Assist Application or Bank. You have to provide very few documents to apply. If you are taking a personal loan from HDFC bank, then your credit score should be above 750 for this. The EMI of this loan is only Rs 2149 per lakh.  Personal loan caters to a wide variety of personal needs. If you are an existing customer of HDFC Bank, then the bank gives you the loan in just 10 seconds. It will take less than 4 hours to take a personal loan to outsiders. You do not even have to submit too many documents to take HDFC personal loan, you can take this loan in very few documents.

HDFC Bank Personal Loan Amount

You can take a personal loan for wedding expenses, medical expenses or if you are going on a trip. Under HDFC Bank Personal Loan, you can take a loan of minimum Rs 50000 and maximum up to Rs 40 lakh.

HDFC Personal Loan Interest Rate 2022

So far we have taken information about HDFC Personal Loan in Hindi, friends. Now we know what is the interest rate for this loan, which also keeps changing with time. Currently, the HDFC personal loan interest rate ranges from 10.75% to 21.50% per annum. Overdue EMI Interest is 2% per month on EMI. 

ads Just as we need to know about Home Loan Interest Rate 2022 before taking a home loan, in the same way, before taking a personal loan, we need to know about Personal Loan Interest Rate 2022. If you do not know about the interest rate of that loan before taking the loan, then you may have to face trouble at the time of repayment of the loan.

HDFC Bank Personal Loan Repayment Timings

ads If you are taking a loan from any financial institution from any bank, then it is very important for you to keep in mind that how much time that bank is giving you to repay the loan. HDFC Bank gives you a time period of 1 year to 5 years i.e. 12 months to 60 months to repay the personal loan.

You can select the repayment period as per your requirement. After this you can pay the loan in equal monthly installments or EMI. The installment amount is calculated according to your loan, payment period and rate of interest.

HDFC Personal Loan Payment Mode

ads As we have learned that you can pay HDFC personal loan in very few steps. You can pay the personal loan in the form of equal monthly installments or EMI.

ads HDFC Bank also provides you tax exemption on personal loan but you get it only for certain reasons. If you use the amount received under HDFC Personal Loan to buy, build or improve the house, expenses for higher education, then you can get tax exemption on the interest amount. ads

HDFC Personal Loan Insurance Benefits

If you take a Personal Loan from HDFC Bank, then you get many types of benefits. HDFC Bank provides you insurance benefits on personal loan. You can see these insurance benefits available on personal loan here: ads Personal Accident Cover: At very low premium, you can get the benefit of Personal Accident Cover up to Rs.8 Lakh and Critical Illness Cover up to Rs.1 Lakh. The special thing is that in these policies the premium is deducted from the loan amount. Applicable taxes and surcharge/cess will be payable extra on this policy.  Personal Loan Suraksha: With Sarva Suraksha Pro, you can keep your personal loan secure. Under this policy, you will get Accidental Hospitalization cover up to Rs.8 Lakh and Accidental Death/Permanent Disability cover up to Rs.1 Lakh.


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