HDFC Insta Loan

HDFC Insta Loan is a personal loan or loan against credit card offered by HDFC Bank. If you are facing a cash shortage or if you need urgent money, HDFC Bank Loan on Credit Card is the easiest and quickest way to avail a loan. You can avail of a loan amount within the credit card limit available to you. The interest rate starts from 1.25% per month, depending on the repayment tenure that ranges from 12 to 60 months.

HDFC Insta Loan Details

Loan amountDepends on the available credit card limit
Rate of interest1.25% per month onwards
Tenure12 to 60 months
Lowest EMI per LakhRs. 2,379
Processing feeUp to Rs. 799 + GST
PrepaymentAvailable at a nominal fee
TAT for disbursalGet money online in just 1 second into your HDFC Bank Savings Account. For non HDFC Bank Savings Account holders, money is offered via Demand Draft within 7 working days.
DocumentationNot required

Features of HDFC Insta Loan

The key features of HDFC Insta Loan are:

  • This is a pre-approved loan which will be instantly credited to your HDFC Savings Bank Account.
  • For customers who do not have an HDFC Savings Bank Account, the loan will be disbursed vide Demand Draft in the name of the applicant as per HDFC Credit Card Records.
  • The credit limit on your card will be blocked to the extent of the loan amount.
  • The cash withdrawal facility for your card will be withdrawn and will be restored only on clearing the Insta Loan in full.
  • The pre-approved loan will be based on your spending, transaction pattern and repayment of your earlier Credit Card dues.
  • The quantum of the loan will be either equal to or below your credit card limit.
  • The EMI for the Insta Loan along with the GST will be billed in the monthly statement generated immediately after the loan is disbursed.
  • The EMI will be a part of the Minimum Amount Due (MAD) appearing in your monthly Credit Card statement.
  • Interest of 1.25% p.m. and other applicable charges are levied on the balance outstanding.
  • Flexible repayment option available ranging from 12 months to 60 months.
  • Select cardholders will be provided with this Insta loan facility.

Why Apply for HDFC Insta Jumbo Loan?

  • Quick disbursement of loan to bank account as it is a pre-approved loan. 
  • HDFC Bank Savings Account holders can apply for multiple loans on their credit cards.
  • Non- HDFC Bank Savings Account holders can get only 2 Insta Loans at any point of time.
  • This scheme requires no documentation and the turnaround is almost instant.
  • You can calculate EMI with Credit Card Loan EMI Calculator of the bank.
  • The loan can be utilised for any purpose with no restriction on end-use like an unsecured Personal Loan except for a speculative purpose.

HDFC Insta Loan EMI Calculation

The EMI for HDFC Insta Loan can be calculated online using our or HDFC Bank’s EMI Calculator by entering a few details, i.e. the Loan Amount, Interest Rate, and Tenure.

Apart from calculating the prospective EMI, the Calculator also shows the complete amortization schedule for the loan repayment.

There is a fix EMI structure for HDFC Insta Loan. Below is the EMI Table for HDFC Insta Loan set by the bank at 1.25% interest rate per month.

MonthLoan amount of Rs. 50,000Loan amount of Rs. 1,00,000Loan amount of Rs. 3,00,000Loan amount of Rs. 5,00,000
12 months4,5139,02627,07745,129
18 months3,1196,23818,71531,192
24 months2,4244,84914,54624,243
36 months1,7333,46710,40017,333
48 months1,3922,7838,34913,915
60Rs. 1,189Rs. 2,3797,137Rs. 11,895

Comparison of HDFC Insta Loan with Other Lenders

Name of LenderRate of Interest (per annum)Processing FeeMaximum Loan Limit
HDFC Insta Loan15% - 23%Up to Rs. 799 + GSTDepends on the available credit card limit
Citibank9.99% - 16.49%Up to 2% + GSTRs. 30 Lakhs
SBI9.60% - 15.65%1.50% + GSTRs. 20 Lakhs
Tata Capital10.99% onwardsUp to 2.75% + GSTRs. 25 lakhs
ICICI Bank10.50% - 19%Up to 2.25%Rs. 25 Lakhs

Documents Required for HDFC Insta Loan

No documents are required for HDFC Insta Loan as it is a pre-approved loan for select HDFC Bank customers only. The bank already has all the required documents of their existing customers, so they do not need to furnish any additional documents to avail of this loan.

HDFC Insta Jumbo Loan Eligibility Criteria

The following are the eligibility criteria to avail the Insta Jumbo Loan:

  • The applicant should hold an HDFC Credit Card.
  • The repayments of the existing Credit Card should have been made promptly on the due date.
  • The applicant should have a good income, good repayment capacity, and a good credit score.
  • The loan is based on the Credit Card spends, transaction pattern, and previous payment history.

HDFC Insta Loan Eligibility Check

You can check the eligibility for the Insta Loan by following a few simple steps as mentioned below:

  • To begin with log in to HDFC Net banking. Choose the 'Cards' option. Then proceed to 'Credit Cards' and later click on 'Transact' and then choose 'Insta Loan'. Give details of your Credit Card and the pre-approved limit will appear on the screen.
  • You can also get the details of the loan by Phone banking. You can call the HDFC Credit Card helpline.
  • If you are eligible for the loan and have not registered for DND/NDND/DNC an executive of HDFC Bank will give you a call and explain about the loan details. The information regarding the loan amount, interest rate and the other loan details will be given and you can immediately book for the loan since no documentation is required.
  • If you are eligible for the loan and have not registered for DND/NDND/DNC you will get an SMS on your registered mobile number regarding the loan amount, interest rates and the other loan details. If you are interested in availing the loan and accept the terms and conditions listed in their website, you can send the shortcode mentioned on the SMS.

HDFC Insta Loan Charges

Along with the rate of interest, the HDFC Insta Loan comes with the following fees and charges:

  • Processing fee: Up to Rs. 799 + GST for all loan amounts for salaried customers and Rs. 899 + GST for all loan amounts for self-employed customers and customers belonging to Ludhiana, Noida, Faridabad, and Ghaziabad regions and for customers with an existing Insta Loan or for those who have availed Insta Loan previously.
  • Penal interest on skipping the payment due date: 2% on payment amount, minimum Rs. 300.
  • Part prepayment: Not permitted. 
  • Foreclosure charges: 3% of the balance principal outstanding + GST. Along with pre-closure charges, pro-rata interest applicable and the outstanding Credit Card balance also have to be paid.

How to Apply for HDFC Insta Loan on MyMoneyMantra?

  • Fill in the online application form available on the Home Page of MyMoneyMantra or access the form by visiting the Personal Loan section available under the Loans tab.
  • Enter all the required details, such as your name, contact details, loan amount requirement, and so on.
  • An OTP will be sent to your mobile number. Enter it to verify your identity and then enter the remaining details.
  • You will get access to the personal loan offers of our 100+ lending partners. 
  • Apply instantly by clicking on the e-connect button for a personal loan. Your loan application will begin instantly. 
  • Our personal loan experts will contact you soon to answer your queries and assist you throughout the remaining process.
  • A doorstep pick-up of the documentation will be arranged by us and after submitting the documents, we will follow up with the concerned lender for timely loan disbursal.

HDFC Insta Loan Customer Care

You can reach HDFC Loan customer care regarding any queries and complaints for the loan through call, email, post, or branch visit. 

Kotak Personal Loan Festival Offer 

Ahead of festival season, Kotak Mahindra Bank has announced Rs 999 flat processing fee offer on Personal Loans. Customers can avail of instant approvals on personal loan applications up to Rs. 20 Lakhs at lowest interest rate starting at 10.25% p.a for maximum of 5 years. 

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HDFC Insta Loan FAQs

What is Insta Loan?

Insta Loan is a pre-approved loan provided for select HDFC Credit Cardholders up to the credit limit available at the time of processing the loan account. The credit limit will be blocked to the extent of loan amount and the cash withdrawal facilities will be blocked. Cash withdrawal facility will be restored once the Insta Loan is repaid in full.

What are the purposes for which the loan can be used?

The loan can be used for any purpose except for speculation.

What is the rate of interest charged on the loan?

Interest at 1.25% per month will be charged on the loan.

What is the tenure available for the loan?

The loan can be repaid within 12 months to 48 months.

What is the processing fee applicable on the loan?

A processing fee of  799 exclusive of GST for all loan amounts for salaried customers and fee of  899 exclusive of GST for all loan amounts for self-employed customers will be collected.

Processing fee  899 (exclusive of GST) for all amounts is collected for both salaried and self-employed persons belonging to Ludhiana, Noida, Faridabad, and Ghaziabad regions and for customers with an existing Insta Loan or for those who have availed Insta Loan previously.

What are the benefits of the Insta Loan?

The benefits of the Insta Loan are:

  • It is a pre-approved loan and will be credited instantly to the savings account on booking
  • The loan does not require any documentation
  • The interest rates depend on the income and creditworthiness of the applicant
  • Quick and hassle-free processing
  • Nominal processing fees