CreditMantri Finserve Private Limited
Door No.3, Block B, No. 147, Workeasy Space Solutions, RK Swamy Centre, Hansa Building, Pathari Road,Thousand Lights, Chennai, Tamil Nadu600006
Have any queries? Click here for more details
All written queries will be responded within 1 working day.
We'd love to help you through every step along the way.
Get HDFC personal loan at attractive interest rates starting from 10.5%. Flexible loan tenures between 1 to 5 years, and loan amount up to Rs. 40 Lakhs. Instant approval in 5 minutes. Minimal documentation and hassle-free processing.
12 - 72 Months.
Currently not available! for similar products
3% of the outstanding principal (loan duration between 25 - 36 months)
2% of the outstanding principal (loan tenure if above 36 months)
Online Apply via CreditMantri
1) After checking the features, pricing, and documents required, click on check eligibility.
2) You will be redirected to the application page. Enter the basic details asked for.
3) Click on view eligible offers to check the ‘HDFC personal offers’ available according to your eligibility.
4) Click Next.
5) An OTP will be dispatched to your mobile. Enter this OTP for verification.
6) Submit the application.
You can also apply for an HDFC personal loan offline by going to the nearest HDFC Bank branch. Thereafter, fill out the personal loan application and submit it.
The features of HDFC Bank personal loans are:
When you apply for personal loans, you should apply with the lender who gives you the best interest rate. HDFC Bank personal loan interest rates range between 10.5% to 21%. Like various other lenders, HDFC bank also takes into account aspects, such as credit score, monthly income, job profile, employer’s profile, etc.
Just like any other lender, HDFC Bank has certain personal loan eligibility criteria. HDFC Bank takes into account age, job type, income criteria, relationship with HDFC bank, employment history, etc. You can use the HDFC Bank personal loan eligibility calculator to find out whether you are eligible for the personal loan or not.
1. What can the HDFC Bank Personal Loan amount be used for?
There are no limitations on what the Personal Loan Funds can be used for. You can utilize it for a variety of reasons. You can use it to fund for vacations, wedding costs, medical expenses or care, purchasing of new technological devices, use of home improvement and several other purposes.
2. How can I repay my Personal Loan?
There are two ways to pay your monthly EMIs for your personal loan. You can set up an auto debit instruction from your bank account or login to your HDFC Bank account to pay it online.
3. How long does it take for the personal loan application to be processed?
HDFC Bank Personal Loan will be processed and disbursed within 24-48 hours of submitting all the required documents.
4. How can I track my personal loan application?
You can visit the HDFC Bank website to track your application online with your mobile number or Loan Application number.
5. Can I make part payments towards my personal loan account?
You can make part payments only after you have completed 12 EMI payments.
6. What happens if you do not pay the HDFC personal loan?
If you do not pay the EMIs for HDFC personal loans on time, you will be subject to late fees and penalties. The amount charged may vary but it is typically around 1% to 2% of the EMI that is due. One of the immediate outcomes of defaulting on personal loan payments is a dip in your credit score.
7. How can I reduce my HDFC personal loan interest rate?
You can reduce the HDFC bank personal loan interest rate through the following ways:
8. Can I close my HDFC personal loan online?
You cannot close your HDFC bank personal loan online. Individuals have to visit the bank to close the personal loan online.
9. Can I increase the EMI of an HDFC personal loan?
You can change the EMI of your HDFC personal loan. HDFC bank gives you the facility of making the PMII/MI change in the repayment tenure according to your convenience. You can do so through the following ways:
HDFC Bank Launches A Paperless, Self-Service Digital Banking Platform 'XpressWay' 26 Oct 2023
HDFC Bank has introduced a digital banking platform called 'XpressWay' for paperless self-service banking. This move aims to give customers a convenient, fastest, seamless, and user friendly banking experience. It is accessible for both current and n...
HDFC Bank has introduced a digital banking platform called 'XpressWay' for paperless self-service banking. This move aims to give customers a convenient, fastest, seamless, and user friendly banking experience. It is accessible for both current and new customers. Customers can expect decreased processing time for accessing, applying to, and approval of the services available. The platform has more than 30 banking products and 14 services. Xpress Way offers multiple services - Xpress personal loans for applying to quick and hassle free personal loans, Xpress business loans for speedy financing solutions for businesses, Xpress car loans for seamless car loans, Xpress Loan on Cards for instant loan offerings on credit cards, Xpress savings accounts for speedy account opening and management, Xpress Home loans for easy and swift home loan application and approval, and additional services curated for fast and smooth banking.
HDFC Bank Hikes Lending Rates, EMIs To Improve Further12 May 2023
HDFC Bank has hiked its marginal costs of funds based lending rates (MCLR) by 5 to 15 basis points (bps) across tenures. The new loan interest rates are effective from May 8, 2023 according to the HDFC Bank's website. The overnight, one-month, three...
HDFC Bank has hiked its marginal costs of funds based lending rates (MCLR) by 5 to 15 basis points (bps) across tenures. The new loan interest rates are effective from May 8, 2023 according to the HDFC Bank's website. The overnight, one-month, three-month, and six-month MCLRs are now 7.95%, 8.10%, 8.40%, and 8.80% respectively. The one-year MCLR, which is connected to many consumer loans will now be 9.05%, the two-year MCLR will be 9.10%, and the three-year MCLR will be 9.20%. As the bank is continuously hiking lending rates, the loan EMIs are set to go up even further.
HDFC Bank Slashes MCLR By Up To 85 bps on These Tenures, EMIs To Decrease12 Apr 2023
HDFC Bank has decreased its marginal cost based lending rate (MCLR) for select tenures by up to 85 basis points. The new lending rates have been effective from April 10, 2023. The overnight MCLR became 7.80% from 8.65%. The MCLRs for 1, 3, and 6 mont...
HDFC Bank has decreased its marginal cost based lending rate (MCLR) for select tenures by up to 85 basis points. The new lending rates have been effective from April 10, 2023. The overnight MCLR became 7.80% from 8.65%. The MCLRs for 1, 3, and 6 months have been reduced from 8.65% to 7.95%, 8.70% to 8.30%, and 8.80% to 8.70% respectively. The MCRs for 1, 2, and 3 years remain unchanged at 8.95%, 9.05%, and 9.15% respectively. The MCLR cut will come as a huge relief for old personal loan borrowers and auto loan borrowers (floating rate loans) whose loans are linked to MCLR as EMIs are set to come down. However, the decrease in MCLR will not have not any impact on the HDFC home loan borrowers.
HDFC Bank Hikes Interest Rates - Borrowing Loans becomes expensive22 Nov 2022
HDFC Bank has hiked interest rates (due to an increase in Margin cost lending rate or MCLR) on all types of loans - Personal loans, auto loans, home loans, etc. The higher interest rates have come into effect from November 7th 2022. Customers who ha...
HDFC Bank has hiked interest rates (due to an increase in Margin cost lending rate or MCLR) on all types of loans - Personal loans, auto loans, home loans, etc. The higher interest rates have come into effect from November 7th 2022. Customers who have taken loans previously will also have to make additional EMI payments from now on. Thus EMIs on all loans current and future will be higher and more expensive.
As per the HDFC Bank website, the MCLR on loans with one night tenure has been hiked from 7.90% to 8.20%. Similarly, the MCLR has been increased to 8.25% on loans with a tenure of one month. The interest rates on loans with tenure from 3 to 6 months have been increased from 8.30 to 8.40%. The MCLR rate has been increased to 8.55% and to 8.75% on 1-year tenure loans and 3-year tenure loans respectively. Whereas, the rates have been increased from 8.30% to 8.65% on loans with a tenure of 2 years.
HDFC Bank to offer 10 second personal loan service for everyone by this year-end 28 Sep 2022
Private lender HDFC Bank wants to make its 10 second instant personal loan service available to all, for even those who do not have an account with the bank. "Having created service delight for our existing customers, we plan to introduce the product...
Private lender HDFC Bank wants to make its 10 second instant personal loan service available to all, for even those who do not have an account with the bank. "Having created service delight for our existing customers, we plan to introduce the product to the broader open market for personal loans by year-end" said head of retail assets Arvind Kapil. Additionally, it is now expanding the 10 second loan service, which it has been delivering over the past 6 years, to self-employed people who were not previously considered creditworthy. HDFC Bank wants to raise credit exposure to customers who are self-employed and who make up barely 5% of the market. The private lender, has set up an infrastructure base across 650 districts in India to disburse unsecured loans.
It was very fast. Excellent.
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. We do not sell any loans on our own and do not charge any fee from our customers/viewers for the purpose of loan application