HDFC Bank Personal Loan

Feature

  • No guarantor required
  • Conditional pre-closure – only after 1 year
  • Amazon offer is applicable only if all documents are submitted online.

Eligibility Criteria

  • Age at least 21 and less than 60 for Salaried
  • Age at least 21 and less than 65 for Self Employed
  • Be earning at least Rs.20,000 per month net income (Rs. 25,000/- in Madhya Pradesh)

Fees & Charges

  • Preclosure fee = 4% of principal outstanding (plus applicable tax) in 2nd year..
  • Part-payments can be made only after completion of 12 months. For part payments between 13 to 24 months, a fee of 4% is applicable on the part-payment amount. 3% is applicable on payments made between 25 to 36 months. 2% is applicable post 36 months.
  • Part-payments are allowed only twice during the loan tenure and once a year, and the amount cannot exceed 25% of the principal outstanding.