Certain Features of HDFC Personal Loan
The loan amount that can be borrowed as a personal loan from HDFC bank depends on the eligibility of the borrower, however if you are eligible you can borrow upto Rs. 15,00,000/-. Having a high credit score will enable you to borrow higher loan amount.
The rate of interest at which HDFC offers personal loans is 10.99% upto 20% per annum. Having a good relation with your bank will help you grab personal loan at a low rate of interest. Having a good credit score also contributed towards personal loan at affordable rate of interest.
Loan tenure of a personal loan is the time taken by the borrower to make repayment of the loan.Any borrower can borrow personal loan at HDFC for loan tenure of 60 months.
A one-time processing fee is charged for processing the personal loan. Processing fee charged by HDFC is upto 2.50% of the loan amount borrowed.
If you wish to fore-close the loan account in the middle of the loan tenure you will be levied a penalty ranging from 2% to 4% depending on your case. However there in certain cases fore-closure can be considered after 1 year.
HDFC accepts online applications for personal loans therefore if you are able to submit your documents you can go for paperless transactions. Online applications are granted E-approval thereby minimizing your stress of visiting bank and waiting for your approval.
No Guarantor or Security
When you borrow personal loan from HDFC you will not be required to submit any collateral or security for borrowing the loan.You can utilize Letzbank Personal Loan EMI calculator to analyze details of personal loan you wish to borrow. Making use of EMI calculator tool will acquaint you with various features of your personal loan and also you will be able to plan your own Equated Monthly Installments, Rate of Interest and also the Loan tenure. The Personal Loan EMI calculator is designed in such a way that it will give you the overview of your personal loan along with the loan stages throughout the loan tenure so that you can take a financially sound decision. Let us take a quick look at how to use the Personal Loan EMI Calculator Tool:
- To first be able to choose your Personal Loan, land yourself on Letzbank’ s home page.
- Home page has various type of Calculators mentioned on it, click on the Calculators.
- Once you select Calculators, you will be given an option to pick from various types of EMI calculators.
- Pick Personal loan EMI Calculator Then you also enter the Rate of interest at which the loan is being offered to you.
- Enter the loan amount you need to borrow
- Enter the rate of interest being offered by the bank
- Here is what will be displayed once you enter the details:
- Equated Monthly Installments (EMI)
- Rate of Interest (ROI)
- Entire Loan stages throughout the tenure
Making use of Personal loan EMI calculator at Letzbank will help you take a financially good decision of borrowing personal loan in a planned manner. You can plan your Equated Monthly Installments, (EMI), Rate of Interest (ROI) by making use of EMI calculators so that you can plan your monthly budget and also fit in your loan EMI for the loan tenure you have borrowed a personal loan. Search your perfect personal loan deal. Compare and select the best personal loan offer from leading bank in the country. Submit your personal loan application online at Letzbank and you will be able to avail a waiver on the service fee charged.