HDFC Bank HDFC

HDFC Bank, which was incorporated in 1994, is the fifth largest bank in India by assets. HDFC Bank has won the trust of its customers and has occupied a big market space in loans and credit cards. Enjoy triple benefits when you take a loan from HDFC Bank - Quick loan, competitive pricing, transparency. On CreditNation.in, anyone can check their eligibility in seconds for a HDFC loans and credit cards by filling a short form and you can apply online.

HOME LOAN

Triple benefits on Home Loan!
Attractive interest rate*
Enjoy smaller EMIs with 30 years loan
Pre - approved loan

The house of your dreams can now be yours with an HDFC Home Loan. The range of Housing Finance products includes Home Loans, Home Improvement/Renovation Loans and Home Extension Loans.

Why HDFC Home Loans from CreditNation ?

  • Pioneer in the Home Loan industry
  • 4.4 Million satisfied home owners
  • Faster processing of loan with door step service

Get the HDFC Advantage with CreditNation

  • Widest range of Home Loan Products
  • Flexible loan repayment options
  • Free & safe document storage

HDFC Bank brings HDFC home loans to your doorstep. Over 3 decades of experience, a dedicated team of experts to meet all your housing finance needs, HDFC Home Loans, help you to realize your dream.

The HDFC Advantage

  • Pioneer of Housing Finance in India with over 35 years of lending experience
  • For over 3 decades, shared the hopes and joys of 4.4 million customers who have been nurturing the dream of home ownership
  • Loan approval even before a property is selected
  • Loan from any HDFC office for purchase of home anywhere in India
  • Flexible loan repayment options
  • Free & safe document storage
  • Most experienced and empowered personnel to ensure smooth & easy processing
  • Transparent dealing. All charges mentioned upfront while giving you the loan quote. No hidden charges
  • Counseling and advisory services for acquiring a property

What are the features and benefits of HDFC Home Loans on CreditNation?

  • Home Loan:
    Home loans for individuals to purchase (fresh / resale) or construct houses. Application can be made individually or jointly.
  • Home Improvement Loan(HIL):
    The interiors of any home reflect the personal preferences and tastes of its owners making it imperative to constantly upgrade to keep up with changing times. HIL facilitates internal and external repairs and other structural improvements like Painting, Waterproofing and Roofing, Plumbing and Electrical Works, Tiling and Flooring, Grills, Aluminum Windows, Compound Walls and much more.
  • Home Extension Loan(HEL):
    HEL for adding more space to your existing home for meeting the requirements of your growing family. Be it an extra bedroom for your children, a reading room for yourself or a cozy coffee corner. It is easy to extend your home anyway you like.
  • Automated Repayment of Home loan EMI:
    You can give us standing instructions to repay your Home Loan EMIs directly from your HDFC Bank Savings Account, thus, saving you the trouble of procuring, signing and tracking post-dated cheques.

REVISED RATES – WEF APRIL 13, 2015

Effective Date: April 13, 2015
Existing RPLR: 16.75%; Revised RPLR : 16.55%

Salaried, SEP

Home/HIL/HEL/Refinance Revised Rates Basis
% %
Upto and including Rs 75 lacs 9.90% RPLR-6.65
75.01 lacs and above 9.90% RPLR-6.65

SENP

Home/HIL/HEL/Refinance Revised Rates Basis
% %
Upto and including Rs 75 lacs 9.90% RPLR-6.65
75.01 lacs and above 9.90% RPLR-6.65

Self Employed-Value Plus Home Loans

Home/HIL/HEL/Refinance Revised Rates Basis
% %
Upto and including Rs 30.00 lacs 10.90% RPLR-5.65
30.01 lacs to Rs1.00 Crs 10.90% RPLR-5.65
Top-Up loans
As applicable on the Composite Loan, i.e. Home Loan + Top-up loan 9.90%

TruFixed Revised Rates

TruFixed Plus Home Loans - 2 & 3 Year Fixed Variant - EMPL and SEP

Loan Slabs Interest Rate Post fixed rate period the applicable ARHL Interest Rate
Upto and including Rs 75 Lacs 9.95% RPLR - 6.60
Above Rs.75 Lacs to 5.0 Cr 10.05% RPLR - 6.50
Above 5 Cr 10.15% RPLR - 6.40

TruFixed Plus - 2 & 3 Year Fixed Home loans- SENP

Loan Slabs Interest Rate Post fixed rate period the applicable ARHL Interest Rate
Upto and including Rs 75 Lacs 9.95% RPLR - 6.60
Above Rs.75 Lacs to 5.0 Cr 10.15% RPLR - 6.40
Above 5 Cr 10.25% RPLR - 6.30

TruFixed Plus Home Loans -10 Year Fixed Variant - EMPL and SEP

Loan Slabs Interest Rate Post fixed rate period the applicable ARHL Interest Rate
Upto and including Rs 75 Lacs 10.05% RPLR - 6.50
Above Rs.75 Lacs to 5.0 Cr 10.20% RPLR - 6.35
Above 5 Cr 10.30% RPLR - 6.25

TruFixed Plus Home Loans - 10 Year Fixed Variant – SENP

Loan Slabs Interest Rate Post fixed rate period the applicable ARHL Interest Rate
Upto and including Rs 75 Lacs 10.05% RPLR - 6.50
Above Rs.75 Lacs to 5.0 Cr 10.30% RPLR - 6.25
Above 5 Cr 10.40% RPLR - 6.15

Personal Loan

HDFC Bank offers Personal Loans for both self employed and salaried individuals ranging from Rs. 50,000 to a maximum limit of Rs. 15 lakhs amount with loan tenure ranging from 12 months to 60 months and a competitive interest rate. HDFC Bank offers one of the best personal loan services in India. Personal loan from HDFC can be used for any immediate or short term financial needs like home renovationnull, wedding expenses, medical expenses, overseas travel, starting new business or even in times of unexpected financial need in the family.

Why anyone apply for HDFC Personal Loan on CreditNation.in?

HDFC Bank has collaborated exclusively with CreditNation.innull, India’s best and trustful financial online marketplace to offer loan applicants in submitting their application online. Users seeking personal loans with HDFC Bank can now simply use the online loan application tool at CreditNation.in to check their documents, loan eligibility and submit their loan applications if eligible.

Instant Loan Eligibility Check: The loan calculator at Credit Nation checks for personal loan eligibility for each applicant as per his or her financial details. This quick loan eligibility makes sure customers do not spend a couple of days to know their eligibility for a personal loan. They can also apply online here for the loan without visiting the bank branch.

Personalized Quotations for Loan: CreditNation’s loan calculator tool offers personalized loan for each applicant depending on his or her desired amount of loan, tenure and personal financial record.

Low Interest Rates: Loan applicants using CreditNation.in personal loan tool are getting the best rate of interest for their personal loan because of the active collaboration between HDFC bank and CreditNation.in.

Instant Approval: Eligible candidates who apply for HDFC Bank Personal Loan through CreditNation platform are given an instant e-approval, making them assured that their loan application has been processed, approved and forwarded to the Personal loan department of the bank.

Real Time Tracking Facility: Users who submit their application for loan online using CreditNation.in can track their loan updates of their submission form using both email and SMS updates.

24/7 Customer Support: CreditNation.in has a dedicated 24/7 customer support team and helpline who is always ready to help with any grievances or questions from loan applicants.

Personal Loan Eligibility of HDFC

  • Interest Rates 11.99% to 18.50% for salaried. Get lower rate offers for employees of large reputed companies
  • Personal loans for businessmen and Lowest EMI of Rs. 2224 per lakh
  • Processing fee of 0.25% to 1.50%; Min - Rs. 999, Max - Rs. 25000
  • Loans upto Rs. 1,500,000 for salaried and upto Rs. 1,500,000 for self employed

HDFC Bank Personal Loan Eligibility

  • Applicants are between 21 and 60 years of age
  • In case you are salaried, you are in a full time job for at least 24 months of which not less 12 months must be with your current company
  • In case you are self-employed, you must be in current profession or business for at least 3 years and should preferably be owning either your office or your place of residence. Minimum turnover and minimum net income criteria may apply
  • HDFC Bank does not specify any particular CIBIL score for being eligible for a personal loan, it is observed that a score of 750 and above is desirable

Prepayment, Foreclosure, Balance Transfer, Top up Personal Loan

  • Part prepayment of HDFC Bank personal loan is not permitted
  • Foreclosure or full prepayment is allowed after 12 EMIs's. Prepayment charges vary by year: 2nd year - 4%; 3rd year - 3%, after 3 years - 2%
  • HDFC Bank offers personal loan balance transfer from another bank if you have paid at least 12 EMI's regularly on your existing loan. This is subject to your meeting other eligibility criteria of HDFC Bank
  • You can avail additional top-up personal loan from HDFC Bank, subject to your eligibility

Documents required for Salaried

  • Filled up loan application form
  • 2 Passport Size Photo
  • Copy of Income Tax PAN
  • Identity Proof - Passport/ Driving Licence/ Voter ID/ PAN
  • Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (upto 3 months old), Passport
  • Income Documents – 3 months payslip, 2 years Form 16, 3 months bank statement showing salary credit and any EMI debit

Documents required for Self-Employed

  • Identity Proof - Passport/ Driving Licence/ Voter ID/ PAN
  • Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (upto 3 months old), Passport
  • Income Documents – 2 years audited financials, 6 months bank statement
  • Business proof such as VAT/ service tax registration, incorporation details in case of companies, business address proof
  • Filled up loan application form
  • 2 Passport Size Photo
  • Copy of Income Tax PAN

LAP

Features

  • Higher loan amount available for longer tenure and at attractive rates for everyone.
  • Quick and hassle free loan with quick approvals.
  • Residential and commercial properties accepted as collateral.
  • Excellent debt consolidation tool.

Benefits

  • Higher Loan amount with Lowest EMI.
  • Funds can be used for the business as well as personal needs.
  • Flexible repayment Options to choose between Dropline Overdraft Facility or EMI based loan.
  • Specially designed programs for the Self Employed peoples.

DOCUMENTS

If you have decided to expand your businesses or need fund for your personal requirements through a Loan against Property, we advise you to first check eligibility criteria here according to your employment status. If you are a salaried individual, you will require the following documents:
  • Your latest Bank Statement / Passbook from where you can show a salary / income being credited from the past 6 months.
  • Your Salary Slip from the last 6 months with all deductions shown. A Form 16 from the last 2 years will also be required.
  • Your Proof of Residence - A ration Card / Telephone Bill / Electricity Bill / Voters Card will do.
  • Your Proof of Identity - A Voter's Card / Driver's License / Employer's Card will do.
  • Copies of all Property Documents of the concerned property that you chose to pledge for the loan.
Documents for a self employed professional/individual
  • Your Proof of Identity - A Voter's Card / Driver's License / Employer's Card will do.
  • Your latest Bank Statement / Passbook from where you can show a salary / income being credited from the past 6 months.
  • Certified Financial Statement for the last 3 years.
  • Your Proof of Residence - A ration Card / Telephone Bill / Electricity Bill / Voters Card will do.
  • Copies of all Property Documents of the concerned property that you chose to pledge for the loan.

HDFC Bank Interest Rates & Charges for Loan Against Property

Charges Loan Against Property / Loan for Commercial Property Loan Against Rent Receivables Dropline Overdraft Against Property / Commercial OD against Property
Rack Interest Rate Range Base rate + 2%
to
Base rate + 3.5%
Base rate + 2%
to
Base rate + 3.5%
Base rate + 2.75%
to
Base rate + 4%
12.00% to 13.50% 12.00% to 13.50% 12.75% to 14.00%
Loan Processing Charges* Maximum of 1% of loan amount Maximum of 1% of loan amount Maximum of 1% of loan amount
( * Minimum PF of Rs.7500/- )
Pre-paymentcharges - For Floating rateterm loans availed by individual borrowers - NIL**
- For Fixed rateterm loans and Non Individualborrowers :

Post 6 months from the disbursement of Loan/Facility and upto 60 months -Maximum of 2.5% of the Principal Outstanding,

>60 months after the disbursementof the Loan/Facility – NIL

(*Prepayment cannot be made until 6 months of repayment. ** This is NOT applicable for Floating rateTerm loans availed by Individual borrowers)
- For Floating rateterm loans availed by individual borrowers - NIL**

- For Fixed rateterm loans andNon Individualborrowers :

Post 6 months from the disbursement of Loan/Facility and upto 60 months -Maximum of 2.5% of the Principal Outstanding,

>60 months after the disbursementof the Loan/Facility –NIL (*Prepayment cannot be made until 6 months of repayment ** This is NOT applicable for Floating rateTerm loans availed by Individual borrowers)
Maximum of 4% of the operating limit prevailing at the time of prepayment within 12 months of the date of disbursement.

Post 12 months maximum of 2% of the operating limit prevailing at the time of prepayment .

(* prepayment cannot be made 6 months from disbursement)
Part prepayment charges for Loans - For Floating rate term loans availed by individual borrowers - NIL**

- For Fixed rate term loans andNon Individual borrowers - No pre-payment charge upto a maximum of 25% of your outstanding loan, once every financial year.

If the amount being prepaid is more than 25% then the charges shall be applicable on the enitre amount being prepaid and not only on the amount in excess of said 25%.

No prepayment charges will be charged for prepayment post 60 months after date of last disbursement of the loan.

Part pre-payment cannot be made until six months of repayment. ** This is NOT applicable for Floating rateTerm loans availed by Individual borrowers)
- For Floating rateterm loans availed by individual borrowers - NIL**

- For Fixed rate term loans andNon Individual borrowers - No pre-payment charge upto a maximum of 25% of your outstanding loan, once every financial year.

If the amount being prepaid is more than 25% then the charges shall be applicable on the enitre amount being prepaid and not only on the amount in excess of said 25%.

No prepayment charges will be charged for prepayment post 60 months after date of last disbursement of the loan.

Part pre-payment cannot be made until six months of repayment. ** This is NOT applicable for Floating rateTerm loans availed by Individual borrowers)
NA
Charges for late payment of EMI 2 % per month on overdue EMI amount 2 % per month on overdue EMI amount NA
Interest Charged on Over utilized amount for Drop Line Overdraft NA NA 18% per annum on the amount utilized above the available credit limit
Stamp Duty & other statutory charges As per applicable laws of the state As per applicable laws of the state As per applicable laws of the state
Bounce Cheque Charges Rs 550/- Rs 550/- Rs 550/-
Repayment schedule charges Rs. 200/- per schedule Rs. 200/- per schedule Rs. 200/- per schedule
Cheque / SI / ECS swapping charges Rs. 500/- Rs. 500/- Rs. 500/-
Legal/Repossession & Incidental charges At actuals At actuals At actuals
Account Maintainance Charges NA NA From 10 lacs of Limit to 50 lacs of Limit -Maximum upto Rs 3000/- Above 50 lacs of Limit Maximum upto Rs 5000/-
Commitment charges for overdraft accounts (*Minimum charges Rs 5000/-) NA NA If average quarterly utilization > 30% No commitment fee charges to be charged. If average quarterly utilization < 30% Charges upto 0.10% will be charged on the difference between the actual utilization and expected average utilization of 30%. Charges to be levied quarterly.
Charges for Switch-over from BPLR linked loans to Base rate linked loans for existing customers) Nil Nil Nil
Charges for switch over from Fixed Interest rate linked loans to Base Rate linked loans (for existing customers) Nil Nil Nil
Bank IRR APR
Min Max Avg Min Max Avg
10.50% 13.50% 11.60% 10.52% 13.61% 12.04%

CREDIT CARDS

ALL MILES
  • Life time free
  • Redeem your reward points across major airlines as available on dedicated all miles website.
  • 4 Complimentary Priority Pass airport lounge visits free
  • 3 Reward points per rs. 150.
  • Double reward points on all spends on dedicated all miles website
MONEYBACK CARD
  • Life time free
  • Redeem reward points as cash back on your card (100 RP = Rs.40)
  • 2 Reward points per Rs. 150 spent
  • Earn 3x reward points on online purchases
  • Fuel surcharge waiver capped at Rs. 250 per billing cycle.
SOLITAIRE CARD
  • Life time free
  • 3 Reward Points per Rs 150 spent + 50% additional Reward Points on grocery & dining spends
  • Shopping voucher from Shoppers Stop worth Rs 1000 on overall spends of Rs 75000 every six months.
DINERS CLUB PREMIUM
  • Life time free
  • 4 Reward Points per Rs 150-1000 Reward Points = Rs. 750 ( Travel Vouchers), Redeem for Airlines Tickets, Hotels & Movie Tickets at www.hdfcbankdinersclub.com
  • Unlimited Golf Trainings booked through our 24/7 Exclusive Concierge Desk
  • Complimentary Access to Dedicated Domestic Diners Club Lounges
DINERS CLUB REWARDZ
  • Life time free
  • 3 Reward Points per Rs.150 - 6 Reward points per Rs 150 on Grocery, Supermarkets, Dining, Airline Ticketing and on all incremental spends greater than 10000 per statement cycle
  • 1000 Reward Points = Rs. 700 ( Travel Vouchers)- Redeem for Airlines tickets, Hotels and Movies at www.hdfcbankdinersclub.com.