Updated Date - 17 May 2024
Why should you choose HDFC Bank for a Loan?
With HDFC Bank, you can get a variety of loans for your varied financing needs, whether you want to buy a home, upgrade your bike, pay for education or make big-ticket purchases. HDFC Bank also offers a streamlined loan application process, which allows you to apply for loans digitally. Other key features include attractive loan interest rates, minimum documentation, no hidden charges, pocket-friendly EMIs and quick disbursals.
How can I get a loan in five minutes?
You may get a Personal Loan in a few minutes if you are pre-approved for the loan. You may also avail a quick loan against your Credit Card or Fixed Deposit.
How can I apply for a loan online?
At HDFC Bank, we offer digital platforms where you can apply for most loans online. To apply for a loan online, select the type of loan you want, fill out the online application form, upload the required documents if needed, pay the processing charges and await approval.
How do I take a loan from a bank?
The process of getting a loan from a bank is simple:
1. Check the eligibility criteria for the loan on the bank’s portal for the loan type needed.
2. Apply for the loan online or visit the bank branch.
3. Submit the required documents.
4. If you meet the eligibility criteria and your documents are in place, the bank might approve your loan.
5. Once the loan amount is sanctioned, it will be disbursed into your bank account.
How can I get a loan immediately?
You may get a loan immediately if you’re pre-approved. This means that the bank or lender has already offered a loan amount and all you have to do is apply and select the repayment schedule.
Can I get a loan on my Aadhaar card?
An Aadhaar card acts as both identity and address proofs. You can provide your Aadhaar card as documentation in the online application form and get a loan quickly.
How is the EMI for an instant loan calculated?
The Equated Monthly Instalments (EMI) for a loan are calculated by dividing the sum of the principal amount and interest by the number of months in which the loan is to be repaid.
Can I pre-close the loan before the completion of the loan repayment period?
Most lenders allow you to close the loan before the actual loan tenure ends. However, make sure you’re aware of the penalties for pre-closure.
