Is HDFC Bank provide personal loan?
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. 1878 per lac. An efficient loan process makes everything easier when looking for a Personal Loan.
You can enter loan amounts from 50,000 to 4,000,000 and term from 1 to 5 years.
Is personal loan from HDFC Bank Good?
HDFC Bank is are really good in its service. The processing is fast as compared to other banks and the rate of interest and processing charges is also not much. I will recommend it to people. I am satisfied with the service provided by the HDFC bank for my personal loan application.
How much personal loan can I get on a ₹20000 salary? According to the Multiplier method, on a salary of ₹20000, you will be eligible for ₹5.40 lakhs for 5 years. Going by the Fixed Obligation Income Ratio method, if you have monthly EMIs of ₹3000, you will be eligible for an amount of ₹4.08 lakhs.13-Sept-2021
Who is eligible for personal loan?
You need to be a residing citizen of India. You should be aged between 21 years and 67 years* You need to be employed with a private, public limited company, or an MNC. You should have a minimum CIBIL score of 750.
4 lakh at 14% interest with a repayment tenor of two years. In that case, you need to pay an EMI of Rs. 19,205 with a total interest payable of Rs. 60,925.
What is the interest of 3 lakh in HDFC?
HDFC Bank Personal Loan EMI for ₹ 3 Lakh
Most banks and NBFCs offer personal loans of Rs 3 lakh at interest rates starting from 10.49% p.a. onwards.Interest Rates offered by Different Lenders on Rs 3 lakh Personal Loan.
How much loan can I get on 40000 salary in HDFC?
40,000, you can avail of a loan amount of Rs. 25.69 lakh at the interest rate of 6.90% for a tenure of 25 years, provided you have no other ongoing loans, such as a car loan or a personal loan to repay.
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Which bank is best for salary loan?
Best Personal Loans for Individuals with Low Salaries
10.50% to 21.50% p.a. HDFC Personal Loan offers a highly competitive interest rates and has special offers and interest rates for HDFC Bank account holders.
How much loan can I get on 15k salary?
With 15,000 salary, borrowers can easily avail small cash loans ranging from 50,000 to 1,50,000. This is easy to repay when broken down into EMIs. However, the loan amount can vary from lender to lender.05-Feb-2022
Broadly, banks and NBFCs would offer personal loans up to Rs 150,000 for those with salary of less than Rs 15,000 per month. However, some lenders may offer even higher amount based on some factors, including other sources of income such as rent etc.30-Oct-2022
Can I get loan for 15k salary?
Borrowers with a salary of Rs. 15,000 can readily obtain modest cash loans starting from Rs. 50,000 – Rs. 1,50,000.15-Sept-2022
HDFC Bank customers can get Personal Loans with minimal or no documentation. In fact, if they are pre- approved for a Personal Loan, they can easily apply for it. Lower interest rates: Interest rates on Personal Loans are lower than other sources.
Does personal loan depend on salary?
In most cases, individuals are eligible for a personal loan amount of up to 30 times their monthly income. Additionally, to minimise the risk of default, lenders keep the EMIs of the loan to about 45-60% of your monthly income.
Yes, it is. It is legal to lend money, and when you do, the debt becomes the borrower's legal obligation to repay. For smaller loans, you can take legal action against your borrower if they do not pay by taking them to small claims court. This may seem harsh, but it's important to understand up front.
What is the EMI for 8 lakh personal loan?
8 lakh as a personal loan at the interest rate of 15% for a repayment tenor of four years, you will need to pay Rs. 22,265 as EMI.
The EMI amount will vary on the interest rate and repayment tenor. For instance, if you apply for Rs. 2 lakh personal loan for a tenor of three years at 13% interest, you will need to pay an EMI of Rs. 6,739.
What is the EMI for 5 lakhs personal loan?
EMI for Personal Loan of Rs 5 lakh for Tenures of 1-5 years
Is HDFC Bank provide personal loan?