HDB Finance Personal Loan

HDB Finance Personal loan offers loan amount up to Rs 20 lakh and also with competitive interest rates and doorstep services, HDB becomes a favourite pick for personal loans. A simple eligibility criteria and minimal documentation helps the customer to apply for this loan without any security or collateral. You can opt for a prompt approval for your personal loan through Loanstreet.

Minimum Threshold For HDB Finance Personal Loan Eligibility
  1. Salaried Individual
    • Minimum Age of the applicant should be 21 years
    • Maximum Age of the applicant at the time of loan maturity should be 60 years.
    • The minimum employment period should be of two years with one year at the present organisation.
    • Minimum Income is a net salary of Rs 20,000 for Metro Locations (Ahmedabad, Bangalore, Chennai, Delhi, Hyderabad, Kolkata, Mumbai & Pune) & Rs. 15,000 for All Other Locations.
  2. Businessman/ Self Employed Individuals
    • Minimum Age of the applicant should be 22 years
    • Maximum Age of the applicant at the time of loan maturity should be 65 years.
    • Minimum Business period should be five years with minimum three years in current business.
    • The Minimum annual income should be Rs. 100000/- p.a. for Metro Locations & Rs. 75,000/- p.a. for non-metro locations.
Documentation for HDB Finance Personal Loan

For application of HDB Personal Loan, self-attested copies of the following documents are solicited:-

  1. The Signed application form duly filled with photograph
  2. ID/ Age Proof - PAN Card/ Passport/ Aadhar Card and Residence Proof – Passport/ Utility bills/ Bank Statements.
  3. Passport Size Photo
Salaried Individuals
  1. Last 2 years Form 16 or Income Tax Returns
  2. Last 3 months salary slips
  3. Last 6 months bank statement reflecting salary credits
  4. Appointment letter from the current employer
  5. For Professionals- Qualification Proof, Registration with Professional council etc.
  6. Identity Card and Business Card of the Current Employer
Self employed Individual/ Proprietorship
  1. Proof of Business- Shop and Establishment Certificate/Vat Registration Certificate/ Service Tax Certificate
  2. Last 3 years IT tax returns with profit and loss account and balance sheet duly audited by CA
  3. Latest 12 months bank statement- Savings Account and Current Account
  4. Existing Loans’ Sanction letters accompanied with repayment track
  5. Business profile on the letterhead of the company
HDB Finance Personal Loan Interest Rates
Rate of Interest 15%-24%
Loan Tenure 1 year to 5 years
Processing Fees 3% of the loan amount + applicable taxes
Foreclosure charges 4% of the outstanding amount + applicable taxes
HDB Finance Personal Loans- Why?

HDB Finance is known to provide the customers with the most promising financial products and services in a prompt way. HDB Personal Loan offers a blend of unique services which proves to be highly lucrative for the customers:-

Features Of HDB Finance Personal Loan
  • Individuals can opt for personal loans upto Rs 20 lakhs.
  • The repayment tenure ranges from 12 months to 60 months.
  • Convenient door step services.
  • Competitive rate of interest.
  • Exclusive offers to the employees of the companies selected by the bank.
  • Hassle free documentation facilitating prompt processing of loans.
  • No guarantor is required