- Can I close my HDFC Bank personal loan after 1 year?Yes, you are eligible for a part or complete foreclosure after payment of 12 EMIs.
- How to close HDFC Bank personal loan before 1 year?You cannot choose to foreclose your HDFC Bank personal loan account before payment of 12 EMIs.
- Can I negotiate the HDFC Bank personal loan interest rate?The interest rate will be set by HDFC Bank based on a number of factors such as the age, income, job type, company, gender, credit score, loan amount and tenure chosen, etc. Yes, you can negotiate for a favorable interest rate but at the discretion of the bank.
- Which documents should I carry at the time of visiting HDFC Bank?Carry documents that prove your identity (Passport, Aadhaar card, Voter ID Card), address (Voter ID card, Utility Bill, Passport), proof of income (IT returns, pay slips, bank statements, Form 16) , passport photographs and PAN card.
- Is it possible for non HDFC customers to get a personal loan from HDFC Bank?Yes, it is possible.
- How to check HDFC Bank personal loan balance?You can request the customer care unit of HDFC Bank to send you a copy of the repayment schedule to know your personal loan balance.
- How to pay HDFC Bank personal loan EMI?You can pay your HDFC Bank personal loan EMI through your net banking account or you can give the bank standing instructions for the automatic debit of your HDFC Bank personal loan EMI.
- How to pay HDFC Bank personal loan EMI through net banking?Sign in to your HDFC Bank personal loan account using username and password, under linked loans, click on the due amount. Make the payment using your net banking credentials.
- How to get HDFC Bank personal loan statement?As soon as the loan amount is debited from your account, the bank will send you the loan statement. You can check your loan statement using your net banking account.
- How to pay HDFC Bank personal loan EMI online from other bank?Link your HDFC personal loan account to your bank account. Once that is done, you can set the auto debit mode for your EMIs to make your payments.
- How to get HDFC Bank personal loan status by mobile number?Register your mobile number with HDFC Bank to get regular personal loan updates and statuses.
- How to track HDFC Bank personal loan application status?Use your application reference number to check your personal loan status on the website of HDFC Bank.
- What is the HDFC Bank personal loan disbursement time?HDFC Bank promises disbursement of the personal loan within 4 hours from approval.
- What is the minimum or maximum amount of personal loan I can secure from HDFC Bank?You may avail a loan of Rs.50,000 to Rs.40 lakh depending on your earnings and the repayment capacity. To avail a bigger loan amount, you may also club your spouse’s earnings with yours.
- What will be the timeline provided to me for repaying my loan amount?You may avail a personal loan and repay the same in a period of 12 to 60 months depending on your credit profile.
- Is there a way to check my eligibility before I apply for a personal loan from HDFC?Yes. You may check your loan eligibility in a matter of seconds using the HDFC Personal Loan Calculator available on BankBazaars web portal. All you need to do is put in a few details in our online tool and your report will be immediately generated. The online tool will help you know the amount of EMI amount and interest that your loan will incur depending on the tenure of loan as selected by you.
- What is the documentation needed to apply for HDFC Personal Loan?The primary documents needed to apply for a personal loan from HDFC will include identity proof, address proof and income proof.
- Can I prepay my loan amount in part?Part prepayment is not permissible. The loan amount has to be prepaid in full or to be paid in installments as per the contracted tenure.
- How can I know the EMI amount that has to be paid on my personal loan?Manually calculating loan EMIs can get complicated. The simplest method is to use BankBazaar’s free Loan EMI Calculator which gives you year by year and month by month breakup of the entire loan repayment schedule. It also helps you know the amount of interest you will be paying on your loan during the loan tenure.
- Can I apply for a personal loan through BankBazaar website? How long would the whole process take?Yes, you may surely apply for a personal loan through BankBazaar. We immediately process your loan application and submit it at your nearest HDFC Bank Branch. The representative from HDFC Bank then gets in touch with you to collect all relevant documents. After verification of documents and review of your CIBIL score is done, the bank disburses the loan. The whole process may take around 48-72 hours.
- Is it allowed to repay ones personal loan earlier?Personal loan can be repaid after a minimum of 12 EMIs are paid to the bank. However, foreclosure of loan amount will incur applicable charges. It is also to be noted that cash beyond Rs.49,000 is not accepted for prepayment, full payment or loan closure. All payments above Rs.49,000 are to be made via Demand Draft, Account Payee Cheque, or Pay order.
- What is the procedure to change the address in my loan account?To change your residential details in HDFC records, you may visit your nearest Retail Loan Service Center and submit the below mentioned documents:Address Change Request Form. Self-attested proof of new address and original address proof for validation. In case a representative is acting on your behalf, a letter of authorization duly signed by you is required along with your original KYC documents.
- What are the additional charges applicable on loan repayment?Additional charges are applicable in case the loan is defaulted or the mode of repayment is changed during the tenure of loan.
- If I change the mode of payment for my personal loan, what will be done with my post-dated cheques?The security cheques or the post-dated cheques which are not encashed towards loan repayment will be defaced by the bank. You may also get them returned to you by lodging a formal request to HDFC Bank within 45 days after the mode of repayment is changed.
- How important is CIBIL score in determining my loan eligibility?CIBIL (Credit Information Bureau India Limited) serves credit granting financial institutions by providing them financial information about individuals including their creditworthiness. However, only members who submit their complete credit data may avail credit information reports from CIBIL.
- Does salary account with HDFC of any help for availing personal loan?Yes. Individuals having HDFC salary accounts get preferential interest rate and processing fee. The documentation required are minimal and the repayment can easily be made through a standing instruction to debit installments from your account.
- Is there a need for a security or collateral to get a personal loan from HDFC Bank?No, there is no need for security, collateral deposits, or guarantee in availing HDFC personal loans.
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