Personal Loan Eligibility - Check Eligibility Criteria for Personal Loans at HDFC Bank (2024)

FAQs

Personal Loan Eligibility - Check Eligibility Criteria for Personal Loans at HDFC Bank? ›

You need to be an employee of a private limited company or an employee in a public sector undertakings, including central, state and local bodies. You need to be between the ages of 21-60 years. You need to have a job for at least two years, with a minimum of 1 year with your current employer.

HDFC Bank EasyEMI on Consumer Durable loan are pre-approved for HDFC Bank customers. You can check your eligibility by typing MYHDFC via SMS to 5676712. You can call 9643222222 for checking Preapproved offer. You can WhatsApp on 7065970659 for checking offer.

Age: 21 years to 80 years*. Employed with: Public, private, or MNC. CIBIL score: 685 or higher. Monthly salary: Starting Rs. 25,001, based on the city you live in.

Your credit score: Evaluating your 'creditworthiness' to see how much debt you have and how you've handled debt and repayments in the past. Your income: How much you earn will determine how much credit you can take on. Do you make enough money to repay your loan and still have enough left for other expenses?

HDFC Bank prefers the applicants to have a credit score of 750 and above to be eligible for the personal loans of the bank. The very minimum CIBIL™ score required by the applicants to be considered for HDFC Bank personal loans is 700.

HDFC Bank offers you a Personal Loan that can amount up to Rs. 40 lac, for a tenure ranging from 12-60 months with easy EMI repayments starting from Rs.

For instant updates on the status of a cheque you have issued, simply SMS HDFCCST along with the 6-digit cheque number. You can also use the View Cheque Status option via HDFC NetBanking.

There are many reasons why a lender could deny a personal loan application, such as a low credit score or a high DTI ratio. Or you might have requested to borrow more money than the lender thinks you can responsibly handle based on your income and other financial obligations.

HDFC Bank usually disburses personal loan within 4 working days from the date of application. It also offers pre-approved instant personal loans to select customers where the funds are disbursed in just 10 seconds, with no documentation.

NRIs can get the personal loan amount from the bank in their NRE or NRO accounts. Most lenders provide the loan amount in Indian rupees. However, some banks also provide these loans in foreign currency. You may check the lender to know about the mode in which the loan amount is disbursed.

Which bank gives a loan easily? ›

HDFC Bank offers pre-approved loans to customers in 10 seconds flat*. Non – HDFC Bank customers can get loans in 4 hours.

Eligibility Criteria Of Personal Loan for ₹10 Lakhs

⦁ Age: Applicants should fall within the age bracket of 21 to 60 years. ⦁ Minimum Monthly Income: ⦁ For Kotak Bank Salary Account holders: A minimum net monthly income of ₹ 25,000.

Contact Number: You can also connect on the company's number 1860 267 9999 (Monday to Saturday, from 10 AM to 7 PM) to check your HDFC life policy status. SMS: You can check your HDFC Policy Status via text message by texting POLICY on 5676727.