To apply for HDFC Bank personal loan, applicants are required to submit certain documents. The HDFC personal loan document requirements include the online or hard copy HDFC loan application form, passport size photographs, and proof of identity, address and income. The documentation requirement may vary for pensioners, salaried individuals, and self-employed applicants.
If you are already a KYC-compliant customer of HDFC Bank, you can get a personal loan with no documentation. The HDFC Bank Personal Loans has simplified documentation procedure. From new customers, HDFC Bank requires the following documents for determining their personal loan eligibility.
Documents Required for Salaried Applicants
Documents Required for Self-employed Professional Applicants
Additional Info: Know How to open HDFC PPF Account online.
Note: Check HDFC Personal Loan Interest Rate for Salary Account holders.
Additional Info: Check HDFC Balance Check Number & enjoy the anytime banking system.
HDFC Bank is a modern-generation bank that facilitates applying for personal loans online.
You can also calculate your personal loan affordability amount by using the EMI calculator. Enter the personal loan amount, rate of interest, and the loan tenure to get your EMI. You can change the respective values depending on your affordability.
On knowing your personal loan eligibility amount, customers can proceed with applying for the personal loan online. Existing customers can get an in-principle approval within one minute. Non-HDFC customers can also avail this facility, but it could take a minimum of four hours to get an in-principle approval.
HDFC Bank representatives will approach you to complete the loan application formalities. The disbursal will be in your account within one day.
You can also apply for HDFC personal loan online through MyMoneyMantra.
Additional Info: know about HDFC Overdraft Facility.
Now get Navi personal loan of Rs. 10,000 to Rs. 20 Lakhs at lowest interest rate starting from just 9.9% per annum. Repay in easy instalments of 3 to 72 months. The processing fee ranges from 2.5% to 6% of the sanctioned limit + GST.
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Identity proof, address proof, bank statements of the last 3 months, and last 2 salary slips.
Apart from common documents, like identity proof and address proof, self-employed applicants need to submit recent bank statements, tax returns, or a lease agreement of their business.
Also Check: HDFC Cibil Score
No, no documentation are required for HDFC pre-approved personal loans if you are an existing HDFC Bank customer and KYC compliant.
A pre-approved HDFC Bank customer can get the funds without documentation in just 10 seconds. Non pre-approved HDFC Bank customers having all the necessary documents can get the loan funds in 4 hours.
No, applicants are required to submit the photocopies of their KYC documents.
Currently, HDFC Bank is not giving personal loan to pensioners.
Also Check: HDFC Personal Loan CIBIL Score
A personal loan is useful for meeting expenses like medical, marriage, education, travel, and any other personal purpose. The borrower should ensure not to indulge in speculation activities.
Yes, HDFC Bank grants personal loans to both salaried employees and self-employed individuals.
Yes, the clean personal loans are available only to borrowers with high credit ratings more than 750. The rating also affects the individual interest rate offered on the personal loan. Higher the score, lower is the applicable rate of interest.
Additional Reading: Top Credit rating agencies in India