HDB Personal Loan: Introduction
HDB Financial Services (HDBFS) is among the top Non-Banking Financial Companies (NBFCs) in the country, providing a range of loans to both salaried and self-employed individuals. From an unexpected medical emergency to a planned travel plan, and from debt consolidation to meeting your marriage expenses, personal loans have the unique feature of fulfilling a wide slew of fund requirements.
Now you can apply for an HDB personal loan on Finserv MARKETS. Get access to this superb loan offering from HDBFS on Finserv MARKETS.
Features and Benefits of HDBFS Personal Loans
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Easy accessibility
The HDB personal loan is convenient and hassle-free. You can easily avail of this loan online on the platform of Finserv MARKETS, through a smooth online process.
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Can be availed by a range of individuals
The HDB personal loan can be availed by a range of individuals. These include: Salaried individuals. Business owners. Self-employed non-professionals such as traders and manufacturers. Self-employed professionals such as doctors, Chartered Accountants etc.
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Reasonable rates of interest
As compared to other loan offerings, the HDB Finance personal loan has reasonable rates of interest. You can apply for this loan on Finserv MARKETS and get access to competitive interest rates ranging from 16% to 24% per annum.
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Access to customised loans
Based on your individual profile, the HDBFS personal loan is tailor-made to suit your unique requirements.
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Quick approval and disbursal:
Once your loan application on Finserv MARKETS is approved and verified, the HDB Personal loan is approved within 2 minutes and the funds can reach you within 2 working days.
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Allows for added convenience
To provide complete customer satisfaction, the HDBFS personal loan provides additional convenience features such as facility of loan top-up, facility of balance transfer and the provisions for part-prepayment and foreclosure.
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No requirement for collateral
The HDB personal loan, available on Finserv MARKETS, is a collateral-free loan. You are just required to fulfil the eligibility conditions, without the need of pledging any collateral.
Why Choose Finserv MARKETS for Personal Loans
How to Apply for HDBFS Personal Loans
Here’s a step-by-step procedure, providing the details about the loan application process for the HDB personal loan at the platform of Finserv MARKETS.
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HDB Personal Loan: Eligibility & Documents
- The applicant must be at least 21 years old at the time of application.
- The applicant must not be above 60 years at the time of loan maturity (65 years for Government Employees.) (Terms and Conditions Apply)
- The applicant must be a salaried individual with a minimum net monthly salary of Rs. 25,000, if living in a Tier 1 City and Rs. 20,000, if living in any other city.
- The applicant should have drawn salary for minimum 1 month, with the current organisation.
- Proof of Identity & Address Proof: Passport/Voters ID/Driving License/PAN Card/Aadhaar
- Date of Birth Proof: Driving License / PAN Card / Passport / Birth Certificate / 10th / 12th mark sheet bearing date of birth
- Bank Statements: Latest statements / Bank passbook (updated within 90 days)
- Latest 3 Months Salary Slip along with latest Form 16 / ITR / Appointment Letter
HDB Personal Loan Interest Rate & Charges
Read on to know all about the HDBFS personal loan interest rate and charges:
Particulars |
HDB Personal Loan |
Interest rate |
16% to 24% p.a. |
Processing fees |
Up to 2% of the loan amount |
Tenure |
Between 12 and 60 months |
Loan amount |
Up to Rs. 20 Lakhs. |
Frequently Asked Questions on HDB Personal Loan
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✔️How can I get HDB Financial personal loan?
You can easily get access to HDB Finance personal loan at the platform of Finserv MARKETS. Download the Finserv MARKETS App for a hassle-free loan application process. You can also visit the HDBFS’ official web portal or make a branch visit.
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✔️Can I close my HDB Financial personal loan after 1 year?
Yes, foreclosure of the HDB Finance personal loan is allowed after six months. You have to pay the requisite charges and the applicable taxes.
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✔️How to pay your HDB Financial personal loan EMI?
You can provide standing instructions to your bank for regular payment of EMIs. You can also use the Net Banking facility to pay the HDB Finance personal loan dues. You can also use mobile-based Apps for regular monitoring and payment of your EMIs.
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✔️What are the minimum and maximum tenure of a personal loan in HDB Financial personal loan?
The HDB personal loan tenures can range from a minimum of 12 months to a maximum of 60 months.
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✔️How much interest rate is charged by HDB Financial Services on personal loans?
The interest rates for the HDB personal loan can range from a minimum of 16% to a maximum of 24% per annum.
