HDFC bank offers the personal loan for any personal purposes like debt consolidation, home renovation, running business, buying new car and for vacation purpose at best interest rate. Most of the customers choose personal loan for consolidating various debts like home loans, credit card debt and auto loans.
Normally interest rate for personal loan varies from 15.75% to 20% for salaried persons.
If the loan applicant is working on the reputed companies, get lower interest rate.
Loan processing fees: Up to 2.50% of loan amount subject to minimum of Rs.1000 and maximum of Rss.25000 based on the customer profile.
Charges for the late payment of EMI: 24% per annum on amount outstanding from date of default
Tenure Range: 1 to 5 years
Loan amount maximum: 25 lakhs
Prepayment charges: For the salaried persons no prepayment is allowed till one year EMI completed.
No guarantor required
Amortization schedule charges: Rs.200
Cheque bounce charge: 550 per cheque bounce
For more details on HDFC personal loan interest rate get in touch with our representatives.