HDFC promises disbursal of your personal loan within 24 hours of approval. If the amount is not disbursed even after proper approvals, you can contact your loan officer for assistance. Be assured that you will not be charged any interest rate or other charges unless the amount is disbursed and has reached your bank account.
HDFC personal loans come with a simple application process. If you are an HDFC Bank customer, you would already have a pre-approved personal loan offer from the bank. If you choose to avail it, the amount shall be credited to your account in less than 10 minutes.
For non-HDFC customers, the application process takes about 15 minutes, and once approved, the amount shall be credited within 24 hours. With complete online processing, HDFC has reduced the total turnaround time on personal loan disbursals.
If your personal loan has been approved but the amount has not yet been disbursed, just give a call to your loan officer who will get it done asap. Such an instance is highly unlikely but not impossible. But don’t worry, unless the amount is disbursed into your bank account, you shall not be charged any interest rate or fees for the personal loan amount.