Apply HDBFS Personal Loan Online

Explore 2017 Interest rates available for HDBFS Personal Loan. Check eligibility criteria, documents required and get instant approval.

HDB

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-

Name of ChargesRate/Cost for Personal Loan
Loan Processing Fee3%
Cheque/ECS bounce charges *Rs. 750 per bounce
Charges for Late Payment of EMI *Rs. 750 per bounce
Charges for Late Payment of EMI *3% per month on overdue EMI amount
PDC/ECS Swap Charges *Rs. 750 per swap
Statement of Account ChargesRs. 500
Document Retrieval ChargesRs. 750
Copy of Property/Security PapersNA
NOC Revalidation ChargesNA
Additional Repayment ScheduleRs. 500
Copy of Sanction LetterNA
Loan Cancellation ChargesRs. 1000
CERSAI Fees-

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