The minimum net monthly salary for an HDFC Bank account holder to be eligible for HDFC personal loans is Rs. 25,000. For a non HDFC Bank account holder, the minimum net monthly salary should be Rs. 50,000. If you do not fulfill the monthly income requirements, your loan application may be rejected.
Features of the HDFC Personal Loans
- Hassle-free source of funds: The HDFC personal loans for salaried employees are a stress-free source of funds that can be obtained instantly.
- No need to use your savings: When you require urgent funds, the HDFC personal loans for salary is a good option. You don’t have to use up your savings.
- Quick and easy loan disbursal: The personal loan for salaried gets approved by HDFC bank in less than 4 hours. The process is almost instant if you are a pre-approved HDFC bank customer.
- Flexible End Usage: There is no end usage purpose for the personal loan. You can use it for anything be it for wedding expenses, doing a course, for a repair, etc.
- Minimal documentation involved: Only basic documents are required by the bank such as basic identity, income, and home address proofs. Even these may not be required if you are a pre-approved HDFC Bank customer.
- Competitive interest rates: interest rates are very competitive provided the credit score of the individual is good.
- Flexible tenures: The loan tenures are flexible ranging from 12 to 60 months.