The Hdfc Personal Loan Is Very Easily Issued Which Caters All Of Our Needs
HDFC Personal Loan is an unsecured loan generally issued for personal use that doesnot require any sort of security and can be used for any purpose which can be a wedding expenditure, a holiday spending, education or purchasing consumer goods. The HDFC personal loan is very easily issued which caters all of our needs. The loan amount may be ranged from fifty thousand rupees to twenty lakhs while the tenure for repaying this type loan may widely vary from one to five years. Even the personal loan rates are also varies for different types of the customers.
There are various benefits over it. There is no need of security for this category loan i.e. banks will not ask for the security against the loan issued to the customer. So he or she does not require submitting a house or any other property document for acquiring the HDFC personal loan.
This loan requires only simple documentation when compares to its other sort of loans like HDFC home loan, HDFC educational loan, etc. It does not take much time for getting issued with minimum paper works.
The customer need not disclose about the usage of the personal loan getting issued by the bank. The HDFC bank is least concerned about the usage of the borrowed it. They only worry about whether the customer is able to pay back the money with interest before the due date of every installment. It is guaranteed by checking the customers income, business profit and so many other factors.
The HDFC bank offers HDFC personal loan in large amount to fulfill the requirement of the customer. The loan amount ranges from fifty thousand rupees to twenty lakh rupees. So many people opt for this kind of loan for their personal needs.
The HDFC personal loans are processed with little documentation like identity proofs, bank statements from three to six months, residence proof, salary slips or business income proof and guarantors.
The salaried individuals include doctors, government sector employees, chartered accountants, public & private company employees, etc. eligibility criteria for getting it is the minimum and maximum age of employee should be 21 years and 60 years respectively. The minimum employment should be 2 years in current organization and the minimum net monthly income should be ten thousand rupees per month.
The self-employed professionals include architects, company secretaries, employed doctors & chartered accountants, etc. eligibility criteria for getting it is the minimum and maximum age of employee should be 25 years and 65 years respectively. The minimum profession in business should be more than 4 to 7 years and the minimum annual income should be one lakh rupees.
The self-employed individuals include partners & directors in the manufacturing business, sole proprietors, trading or services etc. eligibility criteria for getting personal loan is the minimum and maximum age of employee should be 21 years and 65 years respectively. The minimum business experience should be 3 years in current business or 5 years as total business experience and the minimum annual income should be one and half lakh rupees.
by: victor sharma