HDFC Bank Personal Loan Documents Required

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

• KYC Documents for proving the identity of the applicant - One document among the following should suffice to establish the identity.
  • Passport
  • Voter ID
  • Driving Licence
  • Aadhar Card
• KYC Documents for proving the residential address of the applicant - One document among the papers listed below should be enough.
  • Passport
  • Voter ID
  • Driving Licence
  • Aadhar Card

• Payslips for the previous 2 months showing the salary received or latest salary certificate.
• Bank statement of last 3 months.
• Latest Form 16 provided by the employer.
• Passbook of last 6 months.

Documents Required for Self-employed Professional Applicants

• KYC Documents for proving the identity of the applicant - One document among the following should suffice to establish the identity.
  • Passport
  • Voter ID
  • Driving Licence
  • Aadhar Card
• KYC Documents for proving the residential address of the applicant - One document among the papers listed below should be enough.
  • Passport
  • Voter ID
  • Driving Licence
  • Aadhar Card

• Last 2 salary slips.
• Bank statements, tax returns, or a lease agreement for the business.

• Loan amount up to Rs. 40 Lakhs.
• Attractive rates of interest commencing from 10.75%.
• Tenure up to 60 months.
• Loan eligibility check online within one minute.
• Pre-approved personal loans for HDFC Bank customers.
• Other customers get approval within four hours.
• Loan disbursal within one working day after the submission of the necessary documents.
• Balance transfer of personal loans from other banks available.
• 24X7 assistance via SMS, Phone Banking, Click2Talk, and Web Chat.
• Get personal accident insurance coverage up to Rs. 8 Lakhs.
• Critical illness insurance cover available up to Rs. 1 Lakh.
• Accidental hospitalization cover up to Rs. 8 Lakhs.
• Accidental death or permanent disability cover up to Rs. 1 Lakh.

Note:  Check HDFC Personal Loan Interest Rate for Salary Account holders.

• Salaried employees from Government departments, PSUs, and private limited companies.
• Individuals in the age group of 21 and 60 are eligible.
• The minimum work experience for a salaried person is 2 years with a continuous employment record of one year with the current employer.
• The minimum salary/income of the individual should be Rs. 15,000. In cities like Mumbai, Chennai, Delhi, Hyderabad, Bengaluru, Kolkata, Cochin, Ahmedabad, and Pune, the minimum income should be Rs. 20,000.