HDB Personal Loan


HDB Financial Services helps fulfill your financial needs through personal loans, providing up to Rs 20 Lakhs loan at attractive interest rates starting at 12% p.a.onwards. These loans cater to a diverse range of financial requirements with repayment duration ranging from 12 to 60 months. Now, both individuals with salaried income and self-employed professionals are also eligible to apply for HBD personal loans.

HDBFS Personal Loan has streamlined its loan process. HDB Financial Services additionally extends new credit loans, designed for individuals with minimal or no credit history. Hence, apply now for your desired HDB personal loan to experience a hassle-free documentation process and speedy loan disbursal.

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HDB Personal Loan Details

HDB caters to a spectrum of financial needs. Whether it's a planned expense or an unforeseen situation, HDB Personal Loans offer repayment tenures ranging from 12 to 60 months, ensuring you have the support you require on your terms. Hence, to avail your personal loan with just a few clicks, refer to the table below and know more about HDB finance loan details.

Interest rate 10.00% to 31.00% p.a.
Loan Amount Up to Rs 20 Lakhs
Tenure 12 to 60 months
Processing Fee Up to 3%

HDB Personal Loan Interest Rates

HDB personal loan offers competitive interest rates on their personal credit line; varies based on factors such as the borrower's creditworthiness, loan amount, and repayment tenure. Now, with HDB, it's very easy and seamless to get a Instant loan with the most affordable interest rate.

HDB Personal Interest loan 10.00% to 31.00% p.a.

HDB Personal Loan Fees & Charges

HDB instant personal Loans bring you not only flexible borrowing options but also a clear understanding of its fees and charges. The below table provides an overview of the fees and charges associated with HDB Personal Loans, empowering you to make informed decisions about your financial commitments.

Follow the table below to know more details on HDB personal loan fees and charges:

Processing fee Up to 3%
Foreclosure Fee 4% + GST
Late payment fee Upto 3%
Application fee NIL

HDB Personal Loan Eligibility Criteria

The table below shed light on the eligibility requirements and essential documents you need to prepare that make your journey towards securing a personal loan or a HDB finance pre-approved loan smoother and more informed.

Refer to the table below to know more about HDB Personal loan eligibility criteria.

Age 22-65 years
Credit Score 750 and above
Income level ₹15,000 (other locations) & ₹20,000 (metro locations)
Employment Salaried or Self-employed

Documents Required for HDB Personal Loan

Having the right documents at your fingertips is essential. This table will help you be aware of the key documents required to streamline your procedure for HDB finance loan online, ensuring you're well-prepared to take this significant financial step with confidence.

Here are the documents required to apply for a personal loan with HDB personal loan are as follows:

  • Proof of Identity: PAN card, Aadhaar card
  • Proof Of Address: Passport. Aadhaar, etc.
  • Latest bank statements/Bank passbook (updated within 90 days)
  • Last 3 months' salary slip with latest from 16/TR/Appointment
*Applicable only to Indian residents.

Calculate EMI For HDB Personal Loan

Now, with a personal loan EMI calculator, you can now get free and instant results. You can also calculate your EMI in advance by planning your finances effectively. HDB personal loan EMI calculator enables you to determine the total interest amount that will be charged on your personal loan.

₹
%
Monthly EMI ₹86
Principal Amount ₹1,000
Total Interest ₹32
Total Amount ₹1,032.00

Year Month Principal (A) Interest (B) EMI (A+B) Balance Loan Paid to Date (%)

Compare HDB Personal Loans Over Other NBFCs

When it comes to choosing a personal loan, the decision-making process can be overwhelming. This is where a careful comparison between different options, such as HDB Personal Loans and other NBFCs, becomes a crucial step. Hence, here’s the table below, where you can compare the interest rates among other NBFCs.

NBFCs INTEREST RATE (p.a.)
HDB 10.00% to 31.00% p.a.
Money Tap Personal Interest loan 1.08% per month
Paysense 16.8% - 27.6%
HDB Financial services Upo 36%

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Features & Benefits of HDB Personal Loan

Make most of the exclusive benefits & features provided by HDB personal loan mentioned below:

Quick Loan Apply

Apply personal loan
in just 5 minutes

100% Digital Process

Experience complete paperless
process with HDB loans

Attractive Interest Rate

Get instant personal
loan interest rate
starting at 10% p.a.

Minimum Documentation

Get personal loan hassle
free with minimal
documentation

Quick Disbursal

Get direct money to
your account in just
2 hours.

Flexible Repayment

Manage your loan with
tenure period that
extends upto 60 months.

Types of HDB Personal Loans

Here are the various types of personal loan provided by HDB Personal Loan:

  • Personal Loan for Salaried - HDB Personal Loan offers instant loans with easy and documentation and quick approvals for the employed individuals. You may further be use it to renovate homes, purchase gadgets, or fund education, weddings, and other urgent needs.
  • Personal loan for Doctors - HDB supports doctors, medical practitioners by funding for clinical researches and its development. Further, even fund for medical equipment purchase, and facility expansion. This loan covers expenses for clinics, residences, laboratories, equipment, and operation theaters.
  • Micro - lending loan - HDB offers micro-lending loans to households with up to Rs 3 Lakhs income. Borrowers can receive up to Rs 60,000 for income-generating activities. HDBFS provides insurance and disburses the loan in 3 days to borrowers' savings accounts.

How Do You Apply for HDB Personal Loans with Buddy Loan?

Steps To Apply For a Personal Loan with Buddy Loan

  • Step 1: Visit buddyloan.com or Download & install the Buddy Loan app (Android or iOS).
  • Step 2: Open the Personal Loan Application Page. Provide the mobile number and enter the received OTP.
  • Step 3: Specify the desired loan amount & personal email. Next, choose the Personal Loan option
  • Step 4: Choose the employment type (Salaried, Self-Employed, or Student) and the salary mode (bank or cash).
  • Step 5: Enter your work details (Including company name, years of service and Designation)
  • Step 6: Enter your personal details (Including Full Name, PAN, address DOB & Gender)
  • Step 7: Provide your communication address, and income details and Click the ‘Submit’ button.

Are you looking for a personal loan?

HDB Loan Repayment

We're committed to assist you in proficiently oversee your finances.

As a crucial component of your financial journey, repaying personal loans deserves clarity and assurance. Introducing our adaptable HDB Loan Personal loan repayment options, designed to offer you transparent flexibility. With a repayment tenure ranging upto 60 months, you can seamlessly strategize your budget, ensuring you remain aligned with your financial commitments.

Frequently Asked Questions

The minimum salary requirement for HDB Personal Loan is ₹15,000 (other locations) & ₹20,000 (metro locations)

You can check your status of your application by logging in the official HDB financial services website.

HDB loan charges up to 3% for loan payment.

After you have applied for loan and provided the documents as per the requirement, then your loan will get approved within no time.

Now with HBD Personal loan you can take up to maximum loan amount upto 20 Lakh.

Yes, you can pay for HDB loan with cash.

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