Personal Loans >> Info Centre >> Companies

HDFC Bank Limited
Sandoz House
Dr. A. B. Road,
Worli,
Mumbai - 18
Telephone :  
Fax :
E-mail : webmaster@hdfcbank.com
Web site : www.hdfcbank.com

HDFC Bank provides personal loans to salaried employees of listed companies.

Eligibility
Company

It should be appearing in the bank’s list of approved companies
Experience

You should be employed over 6 months
Designation

You should be in the managerial/officer cadre
Age

The minimum age is 21 years and maximum age is 58 years

Documentation

Income Proof

  • Salary Slips for last 3 months
  • Form 16 of latest year
  • Bank Statements of last six months

    Signature Verification

  • Passport copy
  • Banker's Verification

    • Proof of Identity/Residence
    Any one of the following

  • Passport
  • Ration Card
  • Utility Bill
  • Voter's ID
  • Driving License

    • Loan Details
    Loan Amount

    Minimum loan amount of Rs 25,000 to maximum loan amount of Rs 1,000,000 depending upon your eligibility.
    Interest Rate

    HDFC Bank charges you 21% of rate of interest.
    Tenure

    The tenure option provided is 1 year to 4 years (12 months to 48 months).

    Processing Charges

    2% of the loan amount as processing fees, which you have an option of getting it deducted from the loan amount. Thus the amount you receive is the balance loan amount. You can also give a cheque instead.

    Processing time

    After submission of all the documents the loan is disbursed to you within seven working days.

    Repayment

    The repayment is through EMIs by post-dated cheques depending upon the tenure.

    Prepayment Option

    You have option of prepayment after completing at least 6 months of the tenure paying prepayment charges of 2% of the outstanding loan amount (principal amount).

    Special Features

    Account Holder: HDFC Bank provides its existing customers special benefits. If you are an account holder at HDFC Bank you may get 0.5% waiver on the interest rate. Your account should be at least 6 months old.

    Corporate Account Holder: If the company you are working in has a corporate account with HDFC Bank, you get a special rate of interest of 19.5%.

    Co-applicant: HDFC Bank also has the facility of co-application to enhance your eligibility. The co-applicant must be spouse of the applicant, providing all the required documents.