Due to the uncertainty of moment and no reliance on the wheels of fortune, many times we are confronted with situations where we require a substantial amount of money. We cannot ignore them, neither do we want to, but sometimes we just lack the adequate monetary resources required to handle a situation properly during the course of our lives.. This is where personal loans come in.

• A special offer is there If you are an HDFC Bank salary account holder.
• If you are an existing Auto Loan customer with a clear repayment of 12 months or more from any of HDFC approved financiers or Bank, you can get a personal loan (without income documentation).
• If you are an existing HDFC Bank Personal Loan customer with a clear repayment of 12 months or more, HDFC can Top-Up your personal loan.

Features & Benefits

• Borrow up to Rs 15,00,000 for any purpose depending on your requirements.
• Flexible Repayment options, ranging from 12 to 60 months.
• Repay with easy EMIs.
• One of the lowest interest rates.
• Hassle free loans – No guarantor/security/collateral required.
• Speedy loan approval.
• Convenience of service at your doorstep.

Credit Shield

In case of death or total permanent disability of the loaner, the loaner/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.

A dream vacation?
Son’s admission to a medical college?
Daughter’s wedding?

Whatever the occasion, our range of Personal Loans can help. The procedure is simple, documentation is minimal and approval is quick.

Eligibility & Documentation

Salaried Individuals: 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. 8,000 p.m (Rs. 10,000 in select cities)

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 .

Self employed (Professionals): Self employed (Professionals) include self – employed Doctors, Chartered Accountants, Engineers, MBA Consultants, Architects, and 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.

Self Employed (Pvt Cos and Partnership Firms): 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.
• Available in select cities

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.