HDBFS Personal Loan

With the help of HDBFS Personal Loan, you can meet a wide range of financial requirements for various events like education, marriage, vacations, home repairs, big-ticket purchases, debt consolidation or refinancing debts and so on.

HDBFS Personal Loan Product & Features

Following are the key features of HDBFS Personal Loan -

• You can get up to Rs.20 lakhs as your personal loan
• Loan period ranges from 1 to 3 years
• Interest rates are competitive
• There is no requirement of collateral or guarantor to avail the loan.
• Very minimal documents are required to proceed the filing of loan
• There are special deals for preferred employees

HDBFS Personal Loan Interest Rates

The current rate of interest for HDBFS personal loan ranges from 19% to 21%. It depends upon the borrower’s creditworthiness and the company’s individual credit policy.

Below mentioned are the details of few extra charges other than interest rates-

HDBFS Personal Loan Eligibility-

Following profiles are eligible for HDBFS Personal Loan-

• Salaried Doctors
• CAs
• Employees of Public and Private limited companies
• Government Sector employees including public sector undertakings

Below are the eligibility criteria for availing HDBFS Personal Loan-

• Minimum age of Applicant should be 22 years.
• Maximum age of Applicant should be 58 years at loan maturity
• Applicant should be minimum 3 years in employment and minimum 1 year in the current organization.
• There should be minimum Net Monthly Income of Rs. 15,000 per month and Rs. 20,000 in Mumbai, Delhi & Bangalore

HDBFS Personal Loan Documents:

Documentation required for a HDBFS Personal Loan varies for different profiles.

For Salaried Applicants-

• As Identity proof Passport/ Ration card with photo/ Driver’s license/ Voter’s ID/ PAN or Aadhar Card is required
• Address Proof
• Birth Certificate
• Income details of recent 3 months and latest Form 16
• Income Tax Return
• Bank Statement/Passbook

For self-employed

• As Identity proof there must be Passport/ Ration card with photo/ Driver’s license/ Voter’s ID/ PAN or Aadhaar Card
• Address Proof
• Birth Certificate
• Latest Income Tax Return (ITR)
• 2 years audited statement of accounts
• Business continuity proof
• SSI Registration
• Trade or establishment license
• Certificate of sales tax
• Memorandum of Association
• Articles of Association
• Partnership Deed
• Declaration of Sole Proprietorship
• Board Resolution

HDBFS Personal Loan EMI Calculator

Use HDBFS Personal Loan EMI Calculator to calculate your HDFBS Personal Loan EMI. Below mentioned is the formula-

P*r* (1+r)^n/([(1+r)^n]-1)

• P stands for the principal amount that you want to apply
• r stands for the rate of interest per month. It is calculated as rate of annual income/ (12*100)
• n stands for the tenure of loan in months