New Delhi (Delhi, India), July 26, 2020<\/p>\n
The HDFC Bank Limited has decreased its personal loan interest rates by 0.20 percent, or 20 basis points with effect from Tuesday, July 07, 2020.<\/p>\n
HDFC Bank Ltd has revised its minimum personal loan interest rate from 10.95 percent to 10.75 percent per annum for HDFC Bank personal loan applicants.<\/p>\n
HDFC Bank Limited’s current interest rate cut will reduce the cost of funds for those people who want to avail HDFC Bank personal loans.<\/p>\n
HDFC Bank Personal Loan Interest Rate for Salaried Applicants:<\/strong> 10.75% to 21.30% Per Annum<\/p>\n HDFC Bank Personal Loan Interest Rate for Self-Employed Applicants:<\/strong> 10.75% to 21.30% Per Annum<\/p>\n HDFC Bank Personal Loans Rate of Interest is Floating or Fixed:<\/strong> Fixed Rate of Interest<\/p>\n HDFC Bank Personal Loan Processing Fee:<\/strong> 2.50% of the Personal Loan Amount (Minimum \u20b92,999 Maximum \u20b925,000 plus GST)<\/p>\n HDFC Bank Personal Loan Documentation Charges:<\/strong> \u20b9250 plus GST<\/p>\n HDFC Bank Personal Loan Amortization Schedule Charges:<\/strong> \u20b9200 plus GST<\/p>\n HDFC Bank Personal Loan Cheque Swapping Charges:<\/strong> \u20b9500 plus GST<\/p>\n HDFC Bank Personal Loan Minimum Borrowing Amount:<\/strong> Minimum Personal Loan Amount is \u20b950,000<\/p>\n HDFC Bank Personal Loan Maximum Borrowing Amount:<\/strong> Maximum Personal Loan Amount is \u20b940,00,000<\/p>\n Minimum Tenure for the HDFC Bank Personal Loans:<\/strong> Minimum Personal Loan Tenure is 12 Months<\/p>\n Maximum Tenure for the HDFC Bank Personal Loans:<\/strong> Maximum Personal Loan Tenure is 60 Months<\/p>\n Minimum Net Income Requirement for Availing HDFC Bank Personal Loans:<\/strong> Minimum Net Income Required is \u20b925,000 Per Month for HDFC Bank Salary Account Holder and Minimum Net Income Required is \u20b950,000 Per Month for Non-HDFC Bank Salary Account Holder<\/p>\n Minimum Age Limit for Getting the HDFC Bank Personal Loan Sanctioned:<\/strong> Minimum Age 21 Years at the Time of Personal Loan Commencement<\/p>\n Maximum Age Limit for Getting the HDFC Bank Personal Loan Sanctioned:<\/strong> Maximum Age 60 Years for Salaried Applicants and 65 Years for Self-Employed Applicants at the Time of Personal Loan Maturity<\/p>\n HDFC Bank Personal Loan Prepayment Penalty:<\/strong><\/p>\n No prepayment allowed within 12 months from the date of disbursement of the Personal Loan<\/p>\n 4% of the Principal Outstanding plus GST within 13 to 24 months from the date of first EMI of Personal Loan<\/p>\n 3% of the Principal Outstanding plus GST within 25 to 36 months from the date of first EMI of Personal Loan<\/p>\n 2% of the Principal Outstanding plus GST after 36 months from the date of first EMI of the Personal Loan<\/p>\n HDFC Bank Personal Loan Pre Closure Charges:<\/strong><\/p>\n No foreclosure allowed within 12 months from the date of disbursement of the Personal Loan<\/p>\n 4% of the Principal Outstanding plus GST within 13 to 24 months from the date of first EMI of Personal Loan<\/p>\n 3% of the Principal Outstanding plus GST within 25 to 36 months from the date of first EMI of Personal Loan<\/p>\n 2% of the Principal Outstanding plus GST after 36 months from the date of first EMI of the Personal Loan<\/p>\n Charges for HDFC Bank Personal Loan EMI Late Payment:<\/strong> Minimum 2% Per Month of the HDFC Bank Personal Loan EMI Outstanding Amount plus GST<\/p>\n HDFC Bank Personal Loan EMI Cheque, SI, or ECS Bounce Charges:<\/strong> \u20b9550 plus GST<\/p>\n Different Options for Making HDFC Bank Personal Loan EMI Payments:<\/strong> The four options for making Loan EMI payments are Internet Banking, Standing Instruction (SI), Electronic Clearing Service (ECS), or Post-Dated Cheques (PDCs)<\/p>\n Security, Collateral, or Guarantor Requirement for the HDFC Bank Personal Loan:<\/strong> No Security, Collateral, or Guarantor is Required<\/p>\n Documents Required for the HDFC Bank Personal Loan:<\/strong> (1) HDFC Bank Filled up Personal Loan Application Form, (2) Two Passport Size Photos, (3) Income Tax PAN Card Cop, (4) Identity Proof – Passport, Driving License, PAN Card, Voter ID Card (Any One), (5) Residential Address Proof, and (6) Income Documents<\/p>\nCurrent Deposits and Loans Interest Rates of HDFC Bank Ltd<\/h6>\n