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HDFC Bank Personal Loan: Features, Eligibility, Rates & Documents in 2019



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Keeping up to the modern-day lifestyle might seem to be a bit fascinating to the heart but is not so easy-on-pocket. Be it destination weddings, a rejuvenating vacation, or even a medical emergency; nothing is easy-to-pay-for in modern times.The cost of living has been increasing steadily over the last few years, leaving you with not much to take care of financial exigencies.

In such situations, you might be tempted to use up your savings. However, consuming your savings is not really a solution as it may affect your other financial goals, such as retirement. Rather than derailing your overall investment and saving goals for unplanned expenses, it is recommended to leverage bank credit option such as Personal Loan to meet your requirements.

With the FinTech boom in India, various banks and financial institutions are vying for customer attention and are upgrading their offerings to meet maximum customer needs. One such great option that has managed to tick all the right boxes and has gotten great attention from the people is HDFC Bank Personal Loan. 

About HDFC Bank Personal Loan

HDFC Bank Personal Loan is the perfect solution for urgent financial requirements. Being one of the leading financial institutions in India, HDFC Bank offers Personal Loan with multiple benefits like flexible tenures, attractive interest rates, pocket-friendly repayments, and quick disbursals. The EMI starts at Rs. 2187 per Lakh.

You need not worry or wait long for your Personal Loan to be sanctioned and disbursed. For, HDFC Bank offers quick approval and disbursal for the Personal Loan scheme. For existing customers, the documentation is also minimum. The process is simple and hassle-free.

Why Choose HDFC Bank Personal Loan?

  • Minimum Documentation
  • Quick approval and disbursal
  • Flexible repayment tenure
  • Low-interest rates
  • High-value loans

Features and Benefits of HDFC Bank Personal Loan

Here is a quick review on the features and benefits of HDFC Bank Personal Loans:

  • Low EMIs: HDFC Bank Personal Loan offers the lowest EMIs starting from Rs. 2,187 per Lakh.
  • High-value loans: HDFC Bank Personal Loans are available for maximum loan amounts of up to Rs. 40 Lakhs.
  • Minimal documentation: Minimum documentation is required to avail the HDFC Bank Personal loan.
  • Quick processing: HDFC Bank offers Personal Loans within 10 seconds to pre-approved HDFC bank customers and within 4 hours to other applicants.
  • Personal Loan Security: HDFC Bank allows you to secure your Personal Loan with Sarv Suraksha Pro.
  • Personal Loan Balance Transfer: You also get an option to lower your Personal Loan EMIs with any other bank by applying for a Balance Transfer to HDFC Bank.

HDFC Personal Loan Eligibility Criteria

The HDFC Personal Loan Eligibility criteria are as follows: –

  • The applicant must be between 21 to 60 years of age.
  • The applicant must be working with a reputed private limited company or a public sector undertaking.
  • The applicant is required to have at least 2 years of work experience, of which 1 year should be with the current employer.
  • The applicant should have a monthly income of 15,000 (Rs. 20,000 if the applicant is residing in Mumbai, Delhi, Bengaluru, Chennai, Hyderabad, Pune, Kolkata, Ahmadabad, or Cochin).

HDFC Personal Loan Interest Rates and Fees

  • HDFC Personal Loan Interest Rates – between 50% to 21.50%
  • Processing fee – Up to 2.50% of the loan amount, subject to a minimum of 2,999 and the maximum of Rs. 25,000.
  • Charges for Prepayment are as follows:
Pre-payment / Part Payment charges13-24 months: 4% of the principal outstanding

24-36 months: 3% of the principal outstanding

More than 36 months: 2% of the principal outstanding

  • Overdue EMI Interest rate – 2% per month on EMI / Principal overdue
  • Cheque swapping charges – 500
  • Amortization Schedule charges – 200
  • Cheque bounce charges – 550 per cheque bounce
  • Loan Closure Letter – NIL
  • Loan cancellation charges: NIL (Interest for the interim period between the date of the loan disbursement and loan cancellation and processing fee will be charged)

Documentation required for HDFC Bank Personal Loan

You could get a Personal Loan from HDFC Bank with no documentation if you are already a KYC-compliant bank customer. Even for other customers, the documentation process is simple and hassle-free. Following are the required documents to avail HDFC Bank Personal loan:

  • Identity proof: A copy of the Passport/ Voter’s ID card/ Driving license/ Aadhaar.
  • Address proof: A copy of the Passport/ Voter’s ID card/ Driving license/ Aadhaar.
  • Bank statement of the previous 3 months.
  • Latest salary slip/ Current dated salary certificate and Form 16.

How to Apply for an HDFC Bank Personal Loan?

If you are an existing HDFC Bank customer, you can use internet banking or the mobile app to apply for an HDFC Personal Loan. If you are not an existing HDFC Bank customer, you can apply through your nearest branch or the bank website.

The Customer Choice Awards announced, Sarkodie, Stonebwoy and more nominated

The application process is pretty simple and straightforward and is completed within a few working days. You can opt to receive the amount through a cheque or through transfer to your bank account.

With so many benefits on offer, HDFC Bank Personal Loans offer you an incredible opportunity to meet your financial liabilities in an efficient manner without stretching your finances. Let’s briefly also cover some of the most frequent questions of consumers below:

Frequently Asked Questions (FAQs)

What will be done with the post-dated cheques if I request to change the mode of repayment for my loan?

Post Dated Cheques (PDCs) submitted towards loan repayment that has not been encashed will be retained by the Bank. If a customer wishes to have her old Post Dated Cheque (PDC)/ Security Cheque to be returned, she can raise a request at the Retail Loan Service Center or through phone banking. Alternatively, write an email at within 45 days from the date of application of the change in repayment mode.

How can I repay my Personal Loan?

The loan should be repaid in Equal Monthly Instalments (EMIs) through post-dated cheques. You can also pay through ECS or a standing instruction (SI) on your HDFC Bank account.

Is part-prepayment of a Personal Loan allowed?

Yes, for loans booked on or after April 1, 2018, part-payment of the loan amount is possible however, with subject to completion of 12 successful EMIs. Part-payment of the outstanding amount is allowed twice during the loan tenure. Customers are allowed to make part payment only once in a financial year. Each part payment should not exceed 25% of Principal Outstanding. 

Are there any additional charges for loan repayment?

The additional charges (if any) are applicable in case of a change in the repayment mode or case of default.


People & Lifestyle

5 Ways to Get More YouTube Views



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Promolta shares the 5 best ways to get more views on your YouTube videos. If you follow these tips, your videos will gain more traction. (more…)

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Simon El-Longwell reveals his intents for PUSAG Presidency 2022



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The mantle of leadership transcends from one generation to another successive one which builds a large prospects of development in our various institutions, organizations and perhaps countries. (more…)

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People & Lifestyle

Crazy online gaming Wins: Biggest in the world!



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The online gaming and esports industry has boomed in recent years, with millions of individuals taking part in these games worldwide.

With such explosive growth, there have consequently been a number of substantial prize purses, made all the more fascinating due to their sheer magnitude. Similarly, staggering winnings are sometimes seen by online gamblers, too. For example,’BetMGM Awards Over $800K’ was recently in the news in one lucky US state.

While we can’t tell you how to get lucky when gambling or gaming online, we are going to show you some of the biggest wins from online gaming. 

How do Gamers Win Money? 

Below, we’re going to show you how gamers have made money by winning some of the most prestigious online gaming tournaments in the world. But, there are other ways these professional gamers make money


Some have paid sponsorships and partnerships with gaming companies, computer brands, and even global giant drinks manufacturers like Red Bull and Mountain Dew. 


Others are paid salaries from the teams or leagues they belong to – it really is just like any other sport in this regard. 

1. Fortnite World Cup (2019) – $30.4 million 

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It’s no secret that Fortnite is one of the most popular video games in the world right now, and the first-ever Fortnite World Cup is also one of the highest-ever online gaming wins.

In 2019, over $30 million was awarded to the winning players – the winning solo player, Kyle Giersdorf, took home $3 million, while David W and Emil Pedersen split $3 million between them as the top-ranking duo. 


Winning contests isn’t the only way players earn from Fortnite, though. It also has a huge following on Twitch, with many gamers making a decent amount of money from live-streaming their gameplay to their adoring fans. 


Fans have to pay to subscribe to their favorite channels, and there are often different tiers available for those who wish to show more support. So, for someone streaming a popular game such as Fortnite, this is a great way to make a steady income. 

2. Honor of Kings World Championship Cup (2021) – $7.7 million 

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Last year’s Honor of Kings tournament, the World Championship Cup, was hosted in Beijing. Twelve teams of the best Honor of Kings players entered the contest, with the winning team ultimately taking home a cool $7.7 million between them. 


The battle was closely fought between two teams, Gank Gaming and QG Happy, with the latter eventually coming in the number-one spot and claiming the colossal prize. 


The tournament is going to be even bigger in 2022, with a prize pool of $10 million for the winning team. It’s expected that 16 teams will take part in this year’s event. 

3. Call of Duty League Championship (2020) – $4.6 million 

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Call of Duty has been popular for almost two decades – fans were playing the series long before online gaming and esports became big. But, it’s only more recently that players have been able to make considerable sums of money from playing their favorite first-person shooter. 


Call of Duty is so popular it’s not just one event but an entire league dedicated to it! At the end of the League, Dallas Empire won the Championship event and netted themselves the tidy sum of $1.5 million. 


4. The International 10 (2020) – $40 million 

Dota 2’s annual championship event in 2020 was the biggest of its kind to date, and one of the biggest ever online gaming wins ever. With a total prize fund of $40 million, it’s no surprise that the 16 teams who entered fought so fiercely to emerge victorious. 


After various rounds and stages, Team Spirit from Russia netted themselves over $18 million to share between them. The tournament was held in Bucharest, Romania, at the Arena Naţională. 

Final Thoughts

Aren’t esports exciting? It’s one of the fastest-growing industries in the world, and it has only just begun to hit its stride. So, expect the prize funds given out at these tournaments to grow year on year. 


If you keep practicing your favorite game, maybe you too could one day join the likes of these players and teams above and become a multi-millionaire overnight. 

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People & Lifestyle

Itel Ghana Donates Library and School Items worth GHC40,000 to Ayikai Dablo M/A school



Itel Ghana Donates Library and School Items worth GHC40000 to Ayikai Dablo MA school6

Itel Ghana this Friday 24th June 2022  embarked on yet another corporate social responsibility project themed “ itel Wandering Library Project” in the Ayikai Doblo M/A Basic School. (more…)

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African-centric video games leap forward



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The number of gamers has skyrocketed in Africa, going from 77 million in 2015 to over 185 million by the end of 2021. Driven by ever-improving Internet access and the increasing affordability of smartphones, mobile gaming is leading the way. Estimations project that nearly 95% of African gamers use mobile devices. With 650 million smartphones in circulation, the mobile gaming market is even expected to grow at an annual 12%. And as gaming booms across the continent, so thrives the demand for games made in Africa. (more…)

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People & Lifestyle

Best small business ideas to promote online



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If you have a passion for doing something but are lacking the capital you may be wondering how to start a small business with little money. Well, you are not alone. There are thousands of people just like you who are looking for the best ways to make money. The internet is a great resource for finding your clients. On the platforms like, you can use your skills and expertise to start your own small business and offer your services to sell a product online.

First, you must decide on your small business idea. Before choosing an idea, be sure to get some input from friends and family members. Often, they can help you come up with ideas that will help you earn money while still having a great time. And don’t forget to have fun while working! It’s very important to find a business idea that you can enjoy.

Starting a small business in Сanada

You have decided that starting a small business in Canada is the right choice for you. While it might seem like an overwhelming task, it does not have to be. You can start your own business while working your current job and still have time to devote to your new venture. Start by developing a business plan, which will outline your goals, milestones and success measures. Some of the most important parts of a business plan include the objective of the business, the market position, the competitive landscape, financials, and target market information. Before submitting your plan, you should know the differences between the various business structures that are available in Canada.

A winning business idea is essential to starting a small business. When creating your business plan, focus on the latest technologies and trends, and fill a gap in your local industry. You should also consider the needs and interests of potential customers to ensure that you have a profitable business. 

Small business ideas for little money

There are countless small business ideas for little money out there, but which one is right for you? While money is always a motivation to get started, there’s more to the idea than just making money. To find the right idea for you, bounce it off of friends and family to get their feedback. Also, don’t be afraid to have fun while you’re working! Listed below are some of the most popular small businesses:

  • Handyperson. One of the best small business ideas to start is to provide a service. Although this may not be the most passive form of self-employment, it is a viable choice if you have specific skills and time that others would be willing to pay for. Such businesses can range from home repairs to building construction. To be a handyman you don’t need a large amount of capital to get started.
  • Furniture assembling. If you know how to assemble Ikea furniture, you can start a profitable business. As the popularity of Ikea furniture grows, you can expand the service to other areas. Who knows maybe someday you grow into a full furniture factory.
  • The pet industry is also ripe for small business ideas. From grooming services to dog walking services there are countless opportunities. Dog walking is a common service, and you can set a schedule for walks and charge a flat rate. You can also offer pet boarding services if you are interested in earning extra money. 
  • Video content making. If you want to run a small business, you can opt for video production. Video content is popular across various social media platforms and on the internet. Whether you wish to produce videos for your own business or for clients, you can learn the skills of cutting, editing and shooting videos. Even if you do not have any previous experience in video production, there are many online courses that will teach you the skills.
  • If you’ve recently quit your job and still have the expertise to offer, you can turn that knowledge into a business. Consulting services, for example, are in high demand, with a $263.5 billion market expected by 2022. You can turn your knowledge and experience into a business by filling a need in the market. Many consultants are needed across different industries, and they charge for their services.

These small business ideas are a great source of extra cash, and they’ll also give you a sense of independence. So, start today. Don’t wait until your next paycheck is coming in – invest in yourself and your small business idea today.fee4bee small business ideas img2

How to promote small businesses online?

There are many cost-effective ways to promote small businesses online. Two models of promoting your business online include your own website promotion and cooperation with grand marketplaces.

Not for all the local businesses you need a business website. You have to build high-quality landing pages on your site and budget for large expenses so that the website generates income. 

If you don’t have the time or the budget to do this yourself, you can consider alternative ways to promote online. Social media presence and services marketplaces are great places to list your business for free. These sites are often well-known with high search engine rankings. Listed businesses tend to get local customers. Profiles on these marketplaces don’t take long to set up and can help you promote your business to nearby customers. 

Reviews are another way to get local customers to try your business. Word-of-mouth can be very powerful for your small business. Getting customer feedback on services platforms is the best. This way, potential customers can read what others have to say about your business and decide if it is the one for them.

Another free way to promote your business is through social media. Tik-tok, Instagram, and Pinterest are among the most popular social media sites. Make sure to include your contact information on your page, and create useful and engaging content to attract users. These platforms are great for local businesses because they can promote their products and services 24/7.

Using video on your social media is a great way to reach a wide audience for free. Also, you can use hashtags and contests to increase your exposure. Update your profile regularly. And don’t forget to follow your competitors, too. These social media sites are a great way to reach local customers.


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