Personal Loans
Personal loans are given by most major banks and financial institutions to individuals without asking for the requirement or need.
Personal Loans are the loans which are provided by Banks and NBFC’s (Non-Banking Financial Company) without any collateral. Personal loans are generally taken to manage higher standard of living, marriages, promoting business, tours, petty expenses and investment in different financial schemes.
You can repay the loan in defined EMIs by banks, the tenure of personal loans is not extended more than 5 years, hence it is flexible to repay.
Personal loans are available in the range of Rs 50,000 to Rs 15, 00,000/-
If you are employed and earn a monthly income, you are eligible for personal loans.
Eligibility Criteria
Age of the applicant should be between 21-60 Years Salaried individual with minimum income of Rs 15,000. Salary bracket would again depend on the city you live in and the company you work for. Eg. If you are in a Metro the salary requirement will be higher than non-metro and again if you are working in a top MNC the salary requirement would be lesser than one working with a start-up. Should be staying in the city for at least 1 Year Total work experience should be at least 1 Year
Documents Required
One passport size photo
ID proof – Passport/voter ID/ Aadhar or driving licence
Residence Proof – Passport/ Landline bill/ post paid mobile bill/ rental agreement or Bank Statement
Pan Card copy
Age Proof – Passport/ drivers licence/school certificate or Pan Card copy
Income Proof - Latest 3 months salary slips
Bank Statement - 4 months bank statements
Job Stability & Continuity – Offer Letter, Relieving Letter and Form 16
Features
Highly competitive personal loan interest rates
Special offers, interest rates and charges for HDFC Bank account holders
Special personal loan offers* for women employees
Convenience of contacting us through our Toll free numbers
Simplified documentation
Competitive pricing
Transparency
Personal loans available for various needs
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