About HDBFS Personal Loan

HDB Financial Services or HDBFS is a subsidiary of HDFC bank and is a Nonbanking Financial Company that is rapidly growing in presence in different parts of India. They already have more than 1000 branches across the country today and cater to the growing needs of both commercial and retail clients. HDBFS was incorporated in the year 2008 and is a very well established business today, enjoying strong capitalization. They offer a wide range of both unsecured and secured loans to interested people.

HDBFS personal loan can be used for any purpose like wedding in the family, school admission, an exotic vacation or purchase of a long-wanted consumer durable good. Below you will find more details on HDBFS personal loan eligibility criteria, features and charges for both salaried and self-employed individuals.

Personal Loan Eligibility Criteria for Salaried / Self-Employed

HDBFS personal loan can be availed by salaried people who are chartered accountants, doctors or employees of select private/public limited companies, or are employed with government sector or public sector undertakings. They should be minimum 21 years old and maximum 60 years, having been in employment since the last one year at least. In case of self-employed professionals/individuals they should be either doctors, chartered accountants, company secretaries, architects or involved in their own manufacturing, trading or services business as directors, partners or sole proprietors. The minimum age for self-employed individuals is 22 years and maximum is 65 years. Following are more up-to-date details on HDBFS personal loan eligibility criteria.

18 – 65 years

Age (Min – Max)

4k – 65k

Minimum Income (Metro Cities)

4k – 65k

Minimum Income (Other Cities)

18 – 65 years

Age (Min – Max)

4k – 65k

Minimum Income (Metro Cities)

4k – 65k

Minimum Income (Other Cities)

4k – 65k

Minimum Income (Doctors/ Chartered Accountants)

4k – 65k

Minimum Income (Company Secretary / Architect)

4k – 65k

Minimum Income Self Employed (Businessman)

HDBFS Personal Loan Features / Details

You can avail HDBFS personal loan of up to 20 lakhs, with a repayment tenure ranging from 12 months to 60 months. There is no need of a security deposit or a guarantor to avail this loan. They promise attractive interest rates, hassle-free documentation and quick processing. What more, there are special offers available for a select group of companies as well. You can learn more about the latest HDBFS personal loan features below.

18.25%

Interest Rate (Min)

Upto XX Years.

Loan Tenure

25k – 50Lacs

Loan Amount (Min – Max)

HDBFS Personal Loan Fees / Charges

As is the case with personal loans offered by a large majority of lenders including banking establishments and nonbanking financial companies, there are certain fees/charges associated with HDBFS Personal Loan as well. Every approved HDBFS personal loan is subjected to a processing fee of up to 2% of the loan amount. Many other charges like pre-closure charges, amortization schedule charges, cheque bounce charges, cheque swapping charges, duplicate documents charges etc. might also apply. Below you will find updated details on all the HDBFS personal loan fees/charges.

2.4% of Loan Amount.

Processing Fees

2.4% – 5.2% of amount prepaid.

Pre-payment Charges

Yes / No

Part Payment Facility

2000

Part Payment Processing Fees