CreditMantri Finserve Private Limited
4th Floor Sudhama, 36 Vijayaraghava Road,T Nagar, Chennai, Tamil Nadu 600017
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HDBFS Personal Loan gives you the convenience of doorstep service. Enjoy hassle-free documentation. Special offers for employees of selected companies. Loan tenure provided ranges from 1 year to 3 years. Loan can be borrowed by salaried or self-employed individuals. Apply now!
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HDB Financial Services (HDBFS) is a leading Non-Banking Financial Company (NBFC) that caters to the growing needs of an Aspirational India, serving both Retail & Commercial Clients.
Incorporated in 2008, they are a well-established business with strong capitalization. HDBFS is accredited with CARE AAA & CRISIL AAA ratings for its long-term debt & Bank facilities and an A1+ rating for its short-term debt & commercial papers, making it a strong and reliable financial institution. They have more than 1000 Branches spread across 22 States & 3 Union Territories.
A personal loan is an unsecured (i.e. without collateral), multi-purpose loan usually taken to cover short-term money requirements. Personal loans usually have a speedy approval process hence making it one of the most popular loans in the market.
include Salaried Doctors, CAs, employees of select Public and Private limited companies, Government Sector employees including public sector undertakings:
(Professionals) include self-employed Doctors, Chartered Accountants, Architects, and Company Secretaries.
Minimum Annual Income: Rs. 100000/- p.a. for Metro Locations & Rs. 75,000/- p.a. for non-metro locations.
Self-employed (Individuals) include self-employed - Sole proprietors, Partners & Directors in the Business of Manufacturing, Trading or Services.
Self-employed (Private Companies and Partnership Firms) include Private Companies and Partnership firms in the Business of Manufacturing, Trading or Services
include self-employed Doctors, Chartered Accountants, Architects, and Company Secretaries.
include self-employed - Sole proprietors, Partners & Directors in the Business of Manufacturing, Trading or Services.
Self-employed (Private Companies and Partnership Firms)
include Private Companies and Partnership firms in the Business of Manufacturing, Trading or Services
1. What are my loan limits?
Your personal loan limit would be determined by your income and repayment capacity. HDBFS offers two types of personal loans. They are Personal loan and Quick Loan.
2. Can my spouse income be included for calculating the loan amount?
Yes, your spouse's income can be included provided he/she guarantees the loan or the loan is taken jointly.
3. Do I have to pledge some form of security?
In some cases, security is required.
4. What is the repayment schedule like?
The minimum amount that you are expected to pay every month is the EMI. You are allowed to pay more than the EMI if you wish to, and we do not charge any prepayment penalty.
5. What is EMI?
EMI stands for Equated Monthly Instalments. This instalment comprises both principal and interest components. Use the EMI calculator to find out your monthly payments based on the loan amount, the rate of interest and the repayment period. Choose the combination that best meets your financial resources and requirements.
6. What is the processing fee? Are there any other charges?
There is 2% processing fee for Personal loan.
7. Do I have the option of choosing a fixed or floating rate for the loan?
You have the option to avail the loan with either a fixed interest rate or a floating one. In the case of a fixed rate loan, the interest rate on the loan will remain fixed through the entire tenure of the loan, whereas in the case of a floating rate loan, the interest rate could decline or rise in line with the changes in the Bank's Medium-Term Lending Rate (SBMTLR).
8. How does HDBFS Personal loan compare with those offered by other banks?
There is total transparency with regard to the rate of interest and the fees charged by us.
HDBFS offers personal loans at the cheapest rates of interest, with no security or collateral
HDBFS offer loans for the longest tenors (36 months), with the flexibility provided to reduce the tenor by prepaying the loan without any penalty.
The Bank provides finance for any personal need or requirement; the total amount being determined on the basis of repaying capacity.
With an HDBFS personal loan, you can choose between fixed rates of interest and floating interest rates.
9. How can I apply for the HDBFS personal loan?
You can either apply online or visit the nearest HDBFS loan centre for a personal loan.
10. Will there be any charges for prepayment towards my HDBFS personal loan?
There are no pre-payment charges levied towards the personal loan.
HDBFS Personal Loans Overview
HDBFS provides attractive interest rates on personal loans when compared to other lenders. Low interest rate with 2% processing fees and no hidden charges makes HDBFS personal loans a prospective and viable option for borrowing for your urgent financial requirements. With long tenure and part-prepayment, HDBFS personal loans do not impose much burden on the customers.
CreditMantri will never ask you to make a payment anywhere outside the secure CreditMantri website. DO NOT make payment to any other bank account or wallet or divulge your bank/card details to fraudsters and imposters claiming to be operating on our behalf.