Are there fees associated with part-prepayment and foreclosure?

Yes, there are fees associated with foreclosure and partial repayment. After making six EMI payments, you can settle your debt early. Please bring a completed Prepayment Request Form, along with any necessary supporting documentation, to any of our branches. .

How do I repay my HDBFS Personal Loan?

E-NACH (Electronic National Automated Clearing House) or ACH (Automated Clearing House) are the two options available to you for paying the Personal Loan EMI. .

What standards may be met for me to be approved for a personal loan?

You may be eligible for a Personal Loan from HDB Financial Services based on your creditworthiness, eligibility, and other internal requirements. .

How can I find out how my application for a personal loan is progressing?

Upon visiting the HDBFS website, providing your date of birth or PAN number, and authenticating your mobile number with an OTP, you can monitor the progress of your online application for a personal loan. Additionally, you can use the website's "Ask Priya" chatbot or the "HDB - On the Go" android mobile app. There are two additional ways to find out the status of your personal loan: you can visit the closest HDB Financial Services branch or send an email to customer.support@hdbfs.com. .

What advantages come with submitting an online personal loan application?

Without needing to visit any of our branches, you can apply for a personal loan online at any time or place. It is quite time-saving. You can quickly find out how much of a loan you qualify for and how much documentation you need. .

Could I apply for a personal loan from HDBFS to cover my medical costs?

Yes, you are able to pay for your medical bills using a personal loan from HDBFS. To cover your medical costs, you might also think about signing up for a health insurance plan. .

Do I need to give anything as security to get a personal loan from HDBFS?

No security is required in order to apply for a HDBFS personal loan. .

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HDBFS Personal Loan

HDBFS offers affordable personal loans with attractive terms to help its customers consolidate their debts and pay for unplanned expenses.

Interest Rate: Up to 36%
Loan Amount: Up to Rs.20 lakh
Loan Tenure: 12 months to 60 months

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HDBFS Personal Loan
Loan Amount
:
Up to ₹20L
Fixed
:
19.10%
Tenure
:
5 Years
Processing Fee
:
Up to 2.00%

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HDBFS Personal Loan Overview

HDBFS Personal loan is an unsecured loan (no collateral or guarantor required) offered to customers to meet their personal financing needs. These funds can be utilised to meet a wide range of requirements; education, marriage, vacations, home repairs, big-ticket purchases, debt consolidation or refinancing debts and so on.

Use of funds is not restricted and when coupled with the company’s quick and simple process to avail loans, HDBFS personal loans are the ideal choice for a wide range of borrowers. In order to avail these loans, customers will have to satisfy some simple eligibility criteria and submit the required documents.

HDBFS Personal Loan Interest Rates

Interest Rate (FRR)	Up to 36% p.a. (as on 1 October 2024)
Processing Fees	Up to 5%
Loan Amount	up to Rs.20 Lakh
Loan Tenure	12 to 60 months
Pre-closure Charges	Preclosure permitted after 6 Months. 4% of principal outstanding (plus applicable tax)
Guarantor Requirement	No guarantor required

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Benefits of HDBFS Personal Loan

They are easy to avail and developed to suit the financing needs of a wide range of customers.
These loans feature some of the most competitive interest rates vis-a-vis peers, for considerable loan amounts.
Customers’ requirements are assessed and customised loans are offered so as to effectively satisfy their financial needs.
Qualified customers receive quick approvals i.e. within 72 hours of submitting documents to process loan requests
Convenience is an added benefit as customers are offered doorstep collection of documents.
All customer queries are addressed through a single point of contact, ensuring a smooth and uncomplicated loan process

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Eligibility for HDBFS Personal Loan

The basic criteria to be satisfied to qualify for the loan is outlined below depending on the borrower category viz. Salaried, Self-Employed Professionals, Self-Employed Individuals, Self-Employed Private Companies or Partnership Firms

Salaried Applicants: This refers to all individuals/professions/non-professions/companies earning a salary
Minimum age: 21 years
Maximum age on loan maturity date: The earlier of - 60 years for regular borrowers, 65 years for government employees OR age of retirement
Employment period: 1 year active employment (minimum)
Salary: 1 month’s credited pay of active employment (minimum)
Minimum pay: Rs.20,000 (Metros i.e. Chennai, Bangalore, Hyderabad, Mumbai, Pune, Ahmedabad, Delhi, Kolkatta), Rs.15,000 - others
Self-Employed (Professionals) Applicants: This refers to self-employed professionals like Doctors, Architects, Chartered Accountants etc.
Minimum age: 22 years
Maximum age on loan maturity date: 65 years
Life of Business: 3 years (minimum)
Minimum income: Rs.1 lakh (Metros i.e. Chennai, Bangalore, Hyderabad, Mumbai, Pune, Ahmedabad, Delhi, Kolkatta), Rs.75,000 - others

Documentation Required to Apply for HDBFS Personal Loan

Basic paperwork requirements to process the loan are as follows:

Identity: Passport, Ration card with photo, Driver’s license, Voter’s ID, PAN or Aadhar Card
Address: Driver’s license, Ration card, Utility, Voter ID (either of these with 3 months validity) OR Rent Agreement, Passport
Age/ Birth Date: Birth Certificate, Passport, Driver’s License, PAN card, 10th or 12th mark sheets
Income: Most recent 3 months and latest Form 16, Income Tax Return or Appointment letter
Bank Statement/Passbook: For the 3/6 months immediately preceding the loan application
Business continuity: Trade or establishment license, Certificate of sales tax
Other documents: Memorandum of Association, Articles of Association, Partnership Deed, Declaration of Sole Proprietorship, Board Resolution

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HDBFS Personal Loan Customer Care

The HDBFS Customer Service Timings at all branches will be from 10:00 am to 4:00 pm (Monday to Saturday, excluding 1st & 2nd Saturdays, National Holidays and Regional Holidays). The following are complaint details of service.

Queries / Feedback / Complaints	Call us: +91 44 4298 4541
Complaints Redressal	Fill Detail: Customer Escalation Form
Grievance Redressal Officer	Call us: +91 44 42984542

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FAQs on HDBFS Personal Loan

Are there fees associated with part-prepayment and foreclosure?
Yes, there are fees associated with foreclosure and partial repayment. After making six EMI payments, you can settle your debt early. Please bring a completed Prepayment Request Form, along with any necessary supporting documentation, to any of our branches.
How do I repay my HDBFS Personal Loan?
E-NACH (Electronic National Automated Clearing House) or ACH (Automated Clearing House) are the two options available to you for paying the Personal Loan EMI.
What standards may be met for me to be approved for a personal loan?
You may be eligible for a Personal Loan from HDB Financial Services based on your creditworthiness, eligibility, and other internal requirements.
How can I find out how my application for a personal loan is progressing?
Upon visiting the HDBFS website, providing your date of birth or PAN number, and authenticating your mobile number with an OTP, you can monitor the progress of your online application for a personal loan. Additionally, you can use the website's "Ask Priya" chatbot or the "HDB - On the Go" android mobile app. There are two additional ways to find out the status of your personal loan: you can visit the closest HDB Financial Services branch or send an email to customer.support@hdbfs.com.
What advantages come with submitting an online personal loan application?
Without needing to visit any of our branches, you can apply for a personal loan online at any time or place. It is quite time-saving. You can quickly find out how much of a loan you qualify for and how much documentation you need.
Could I apply for a personal loan from HDBFS to cover my medical costs?
Yes, you are able to pay for your medical bills using a personal loan from HDBFS. To cover your medical costs, you might also think about signing up for a health insurance plan.
Do I need to give anything as security to get a personal loan from HDBFS?
No security is required in order to apply for a HDBFS personal loan.

Important Personal Loan Pages

Personal Loan Eligibility by Banks

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