When you apply for an HDFC Personal Loan at the lowest interest rate available then, you need to do the following:

1. Submit the online Personal Loan application form.
2. Submit Key documents like KYC and Financial which are related to salaried Individuals
3. Loan eligibility of the applicant is determined based on candidate worthiness of the applicant and his or her civil score
4. HDFC Bank provide the sanction letter which has loan amount, interest rate, tenure, emi payable another terms and condition
5. Finally after completion of disbursement process HDFC Bank issues a cheque in favour of the applicants.

Usually, there are a few key documents that you need to submit while applying for a HDFC Personal Loan. They are given in the table below:

Because it is fast and easy to sanction. Provides customer who has healthy financial records. Besides, minimum documentation is required to apply for and secure an HDFC Bank Personal Loan.

For an HDFC Personal Loan, an existing customer can get it sanctioned within a 5 – 7 working days.

Usually, to apply for an HDFC Personal Loan and have a greater chance of securing it the minimum CIBIL score that you need is 700 to prove your ‘Creditworthiness’.

The minimum amount that HDFC personal loan bank sanctions is Rs 5 lakhs and the maximum is Rs 40 Lakhs

Although, it is not compulsory to have a co-applicant while applying for an HDFC Personal Loan, having one increases your ‘Creditworthiness’ and makes it easier for you to secure a loan.

Usually, when you apply for an HDFC Personal Loan, you get offered either fixed or variable ROI (Rate of Interest). Now, your ROI on an HDFC Personal Loan will change only if you choose the variable type. Moreover, if you select the fixed variety your ROI will not change.

When you possess IT returns to show for three financial years then your chances of securing an HDFC Personal Loan increases. However, it is possible to get an HDFC Personal Loan despite not having documents showing records of three financial years, if you are looking to get a small personal loan amount and possess a good CIBIL score.

Generally, for pre-approved customers HDFC Personal loan can get disbursed in2 – 3 working days. However, for existing clients, a HDFC Personal loan can get disbursed in about 4 days.

 Presenting to you below are a few necessary information of HDFC Personal Loan that you need to understand. They are as follows: 

1. Types of HDFC Personal Loans:

   1. Marriage Loan:

      Helps an individual in financially managing marriage-related expenditures. 

   2. Travel Loan:

      It is a personal loan package that helps an individual to meet travel expenses 

   3. Personal loan Balance Transfer:

      This is a personal loan package that allows clients from another bank to transfer their existing personal loans to HDFC Bank at the lowest interest rate available 

   4. Personal Home Loan for Renovation:

      Helps the borrower to fund home renovation this includes kitchen remodeling, replacement of furniture, etc 

   5. Personal Loan for Teachers:

      This personal loan package helps teachers employed in private or government schools/colleges to manage their financial requirements efficiently. 

   6. Personal Loan for Women:

       Provides women with the opportunity to fund their expenses. These include travel, higher education, wedding plans, etc. 

   7. Bank Express Personal Loan:

      This is a personal loan facility that offers the applicant the opportunity to fulfill their requirement. 

2. Key Features of HDFC Personal Loan:

   A few important features of an HDFC Home Loan are given below: 

   1. Provides loan disbursal within 24 hours of application 
   2. Offers a wide range of rates of interest starting from the lowest interest rate of 10. 50% to about 24.00% 
   3. Also, borrowers can benefit from an optional insurance cover that provides coverage against accidents and serious illness 
   4. There is no need for collateral to secure this type of loan