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HDFC Bank

HDFC Bank was established in the year 1994 is now successfully catering for financial needs of many Indians. The bank began its operations in the 1995 with an aim to bring Indian banking to an international standard, with its sole mission being to be a “World- Class Indian Bank”. The bank is dedicatedly focused on quality assurance of its products and services to meet the needs of its clients.

With its enthusiasm of bringing Indian banking to a totally new platform of being at par with world class banks, HDFC today operates from 4014 branches and 11,766 ATM’s across 2,464 towns and cities nationwide. The bank still endeavors to branch out further both nationally and internationally in order to facilitate banking services with utmost ease for its customers. The bank has been awarded with the Best Asian Bank and Best Domestic Bank- India awards by Finance Asia Country Awards 2015.

HDFC bank offers wide variety of products for everyone salaried, non salaried, every line of business and profession including the farmers. Irrespective of the various walks of life the bank offers products like:

Accounts & Deposits: Loans:
• Savings Account
• Salary account
• Current accounts
• Deposits
• Safe deposit locker
• Rural Account
• Personal Loan
• Business Loan
• Loan on credit Card
• Loan for professionals
• Loan against property
• Home Loan
• Car Loans
• Two wheeler Loans
• Gold Loans
• Loan Against property
• Educational loan
• Govt. sponsored Programmes
• Rural Loan
• Smart draft – Over draft against Salary
• Loan against Assets
• Consumer Durable Loans

HDFC bank renders various types of loans and other products to make your dreams come true. The bank’s affordable and captivating schemes and offers are sketched out just for you to suit your need in order to meet your financial needs with just a click.

Eligible Profiles & Products

Eligible Profile Products
Salaried Personal Loan
Car Loan
2 Wheeler Loan
Self Employed Home Loan
Car Loan
2 Wheeler Loan
Business Loan

Eligibility and Documents for Salaried

Products Documents list Eligibility criteria and locations
Personal Loan
  1. Salary slips of last 3 months
  2. Latest 3 months salary account bank statement
  3. Employee ID card and visiting card
  4. Appointment letter / Form 16
  5. Passport / Voters ID card / Driving license / PAN card
  6. 2. Passport / Driving license / Ration card / Latest mobile bill /Passport / Voters ID card / Driving license / PAN card
  7. 1. Passport / PAN Card / Driving license / Photo credit card (front only) / Banker verification letter ( Only online)

You should:
• Be 21-60 years of age.
• Have had a job for at least 2 years, and a minimum of 1 year with your current employer
• Be earning at least Rs. 12,000/- per month net income
(Rs. 15,000/- in Mumbai, Delhi, Bangalore, Chennai, Hyderabad, Pune, Calcutta, Ahmedabad, Cochin)

Location for PL: Delhi/NCR, Mumbai, Hyderabad, Bangalore, Chennai and Thane
Ahmedabad, Pune, Kolkata Aurangabad, Baroda, Chandigarh, Cochin, Coimbatore,
Gandhinagar, Ludhiana, Madurai, Mandi, Gobindgarh, Indore, Jaipur, Jalandhar,
Jamnagar, Jamshedpur, Jodhpur, Kanpur, Karnal, Khanna, Kolhapur, Kota, Ludhiana,
Madurai, Mangalore, Mohali, Mysore, Nagpur, Nasik, Panchkula, Panipat, Patna, Rajkot,
Ranchi, Trichi, Trivandrum, Vijayawada and Yamunanagar.

2 Wheeler Loan
  1. 3. Income Proof: Latest Salary slip for Govt. employees; If Salary slip is not available, Only salary certificate to be accepted with deductions, For Partnership/ Proprietary firms & Pvt. Ltd. Co's- Salary Certificate to be accepted.
  2. Address Proof: Any one of Passport Copy/ Voters ID card/ Driving License/ Rental agreement/ Telephone Bill/ Electricity bill/ Gas Connection Bills/ Ration Card/ Sale deed/ Property purchase agreement/ Credit Card billing statement (latest)
  3. Proof of Identity: Any one of Passport Copy/ Photo Credit card- front & reverse/ Voters ID card/ Driving License/ PAN card/ Copy of Company ID card of MNC/ Public Ltd./ PSU/ Govt. company/ Ration Card (If Photo is given).

• Be between the age of 21 years (at the time of application) and <= 65 years (at the end of the loan tenor).
• Earn a minimum gross income of Rs. 84,000/- p.a. for salaried profile and Rs. 72,000/- p.a. for self-employed profile.
• Reside for at least 1 year at the given residence address (in case of transfer from other location with less than 1
year at current location - please provide relevant documents to the bank during loan approval stage).
• Be working for at least 1 year.
• Have a phone at your residence or office.

Car Loan
  1. Passport / PAN Card / Driving license / Photo credit card (front only) / Banker verification letter ( Only online)
  2. Passport / Driving license / Ration card / Latest mobile bill / Letter from employer (with HR /Admin sign)
  3. Passport / Voters ID card / Driving license / PAN card
  4. Appointment letter / Form 16.Employee ID card and visiting card
  5. Latest 3 months salary account bank statement
  6. Salary slips of last 3 months

This category includes salaried doctors, CAs, employees of select public and private limited companies, government sector employees
You should:
• Minimum age for Salaried is 21 years (at time of loan application) and <=60 (at the end of the loan tenure)
• Have had a job for at least 2 years, and a minimum of 1 year with your current employer
• Earn at least an income of Rs.1,80,000 annually, including the income of your spouse/Co-applicant.
• Have a tele-phone/ post paid mobile

Fees and Charges for Salaried

Products Fees and Charges
Personal Loan 1. Rack Interest Rates : 15.75% to 20%
2. Processing fees upto 2.50%
3. Prepayment charges varies from 2% to 4% depending on the tenure
4. Chq / ECS Bounce Charges: Rs. 550/-
2 Wheeler Loan 1. Minimum IRR is 14.40% depending on the model of the two wheeler you purchase
2. Loan Processing fees: 3% or 600/- whichever is higher
3. Prepayment charges: After 6 months it varies from 3% to 6%
4. Late payment charges: 2.5% per month on the unpaid installments
Car Loan 1. Interest Rate starts from 11.50% to 13.75% Depending on the car segment
2. Chq / ECS Bounce Charges: Rs. 500/-

FAQs for Salaried

1. What is the maximum loan amount I can get?
You can avail personal loans from 50,000/- to 15,00,000/- depending on your profile, income n repayment capacity.
2. What is the Maximum tenure?
The maximum repayment tenure is 60 months depending on the borrowers category , age , purpose.
3. Is Part prepayment of personal loan is allowed?
No, Pre part payment is not allowed. The loan has to be prepaid fully or serviced for the contracted tenure
1. What are the features for home Loans for Farmers n Rural Areas?
Rural Housing Finance Features • Special Home Loan Scheme for Agriculturists: • Loans for farmers to buy or construct houses/apartments in several of cities and towns of their choice. • Home loans in residential areas of Villages • Loan eligibility on the basis of agricultural land owned and the kind of corps being cultivated by farmers. • No mortgage of agricultural land required for the purpose of home loans. • No mandatory requirement of Income Tax Returns from farmers applying for home loans. Rural Housing Finance for Salaried & Self Employed: : • Home Loans for Government & Private Sector Employees for rural properties in residential areas. • Home Loans for Businessmen, Traders etc. who are filing Income Tax Returns for the last three years for properties in rural residential areas. • Home Loans for NRIs also in rural residential areas.

Eligibility and Documents for Self Employed

Products Documents list Eligibility criteria and locations
Home Loan
  1. Passport / PAN Card / Driving license / Photo credit card (front only) / Banker verification letter ( Only online)
  2. Passport / Driving license / Ration card / Latest mobile bill /Passport / Voters ID card / Driving license / PAN card
  3. Latest 6 months salary account bank statement

You should be atleast 23 years old and should have work experience of 2 years .

Location for HL: Delhi/NCR, Mumbai, Hyderabad, Bangalore,
Chennai and Thane, Ahmedabad, Pune, Kolkata Aurangabad, Baroda,
Chandigarh, Cochin, Coimbatore, Gandhinagar, Ludhiana, Madurai,
Mandi, Gobindgarh, Indore, Jaipur, Jalandhar, Jamnagar, Jamshedpur,
Jodhpur, Kanpur, Karnal, Khanna, Kolhapur, Kota, Ludhiana, Madurai,
Mangalore, Mohali, Mysore, Nagpur, Nasik, Panchkula, Panipat,
Patna, Rajkot, Ranchi, Trichi, Trivandrum, Vijayawada and Yamunanagar

Business Loan
  1. PAN Card – For Company /Firm/ individual.
  2. Proof of your identity: Copy of Aadhaar Card/Passport/Voter's ID card/Pan Card/Driving License.
  3. Proof of your address: Copy of Aadhaar Card/Passport/ Voter ID-Card/Driving License.
  4. Bank Statement (latest 6 months)
  5. Latest ITR along with computation of income, Balance sheet and Profit & Loss a/c for the last 2 years. Financial should be CA Certified /Audited.
  6. Proof of continuation (ITR/Trade license /Establishment /Sales Tax certificate)
  7. Other Mandatory Documents (Sole Prop. Declaration Or Certified Copy of Partnership Deed, Certified true copy of Memorandum & Articles of Association (certified by Director) & Board resolution (Original)

Self Employed including Individual Proprietors, Private Ltd. Co.
and Partnership Firms involved in the Business of Manufacturing,
Trading or Services.

With:
• Minimum Turnover of Rs. 40 Lakhs.
• Years in business: Minimum of 3 years in current business and 5 years total business experience
• Business must be profit making for the last 2 years
• Minimum Annual Income (ITR): Rs. 1.5 Lakhs p.a.
• Age of Applicant: Min 21 years & Max. 65 years at the time of loan maturity.