Personal Loan for HCL Tech Employees – Interest Rates & Offers

Last Updated 19th Feb 2018

Personal Loan Interest Rates for HCL Tech Employees

Bank Lowest Interest Rates* Lowest EMI per Lakh
HDFC Bank 10.99% 2,174 for 60 Months
ICICI Bank 10.99% 2,174 for 60 Months
Citibank 10.99% 2,174 for 60 Months
Axis Bank 10.99% 2,174 for 60 Months
Bajaj Finserv 11.99% 2,224 for 60 Months
  • Lowest personal loan interest rates for HCL Tech employees is 10.99%.
  • Exclusive deals available from multiple banks.
  • Minimum EMI per lakh will be Rs. 2,174 when terms and conditions are met.
Apply Personal Loan @ 10.99%*
Rs.
Rs.
+91

Best interest rate and lowest EMI deals for HCL Tech employees

  • Bank
  • Interest Rate *
  • Processing Fees
  • Prepayment Charges
  • Apply Online
  • HDFC Bank
    4.3 /5 (484 reviews)
  • @ 10.99% - 11.69%
  • 0.75% Min Rs. 2,000
  • Part Prepayment : not allowed
    Foreclosure : is allowed
  • Part Prepayment :
    Foreclosure :
    Special Features
    Details
  • ICICI Bank
    4.3 /5 (87 reviews)
  • @ 10.99% - 11.49%
  • 0.99% and Max Rs. 4,999
  • Part Prepayment : not allowed
    Foreclosure : is allowed
  • Part Prepayment :
    Foreclosure :
    Special Features
    Details
  • Citibank
    4.2 /5 (178 reviews)
  • @ 10.99% - 13.99%
  • 0.50%
  • Part Prepayment : is allowed
    Foreclosure : is allowed
  • Part Prepayment :
    Foreclosure :
    Special Features
    Details
  • Axis Bank
    4.2 /5 (71 reviews)
  • @ 10.99% - 15.50%
  • 0.49%
  • Part Prepayment : is allowed
    Foreclosure : is allowed
  • Part Prepayment :
    Foreclosure :
    Special Features
    Details
  • IDFC Bank
    4.4 /5 (30 reviews)
  • @ 11.00% - 12.50%
  • 0.75%
  • Part Prepayment : is allowed
    Foreclosure : is allowed
  • Part Prepayment :
    Foreclosure :
    Special Features
    Details
  • Tata Capital
    4.8 /5 (3 reviews)
  • @ 11.49% - 12.75%
  • 1.25% Min Rs. 999
  • Part Prepayment : is allowed
    Foreclosure : is allowed
  • Part Prepayment :
    Foreclosure :
    Special Features
    Details
  • Bajaj Finserv
    3.7 /5 (71 reviews)
  • @ 11.99% - 15.25%
  • 1.50%
  • Part Prepayment : is allowed
    Foreclosure : is allowed
  • Part Prepayment :
    Foreclosure :
    Special Features
    Details
  • IndusInd Bank
    4.1 /5 (51 reviews)
  • @ 12.00% - 14.50%
  • 1.00%
  • Part Prepayment : not allowed
    Foreclosure : is allowed
  • Part Prepayment :
    Foreclosure :
    Special Features
    Details
  • RBL Bank
    4.4 /5 (5 reviews)
  • @ 13.99% - 16.00%
  • 2.00%
  • Part Prepayment : not allowed
    Foreclosure : is allowed
  • Part Prepayment :
    Foreclosure :
    Special Features
    Details

Best Banks for Personal Loan

Based on current rates HDFC Bank, ICICI Bank, Citibank, Axis Bank are the best banks to take a personal loan. These banks offer lowest personal loan rates starting @ 10.99%. You can get minimum rates if you have account with one of these banks. Based on processing fees charged on personal loan, Axis Bank is the best banks to avail a personal loan as they charge the lowest processing fees of 0.49%.

Eligibility Factors for HCL Tech Employees Personal Loan

There are multiple factors that can affect your chances to get personal loan -

  • Age of HCL Tech employee should be at least 21 years at the time of loan approval and maximum 65 years at the time of loan maturity.
  • You can get a minimum amount of Rs. 1 Lakh and maximum of Rs. 30 Lakh as personal loan. Some banks give 10 to 22 times of your net monthly income as loan.
  • If you are working in HCL Tech, then minimum income to get personal loan is to be Rs. 25,000.
  • You can get personal loan if you have minimum work experience of atleast 6 months to 1 year and total experience should be above 3 years.
  • Employee working in HCL Tech can apply for personal loan if he/ she has a CIBIL score of 750 and above. Banks do not approve your loan if you have low CIBIL score.

Personal Loan EMI for HCL Tech Employees

Personal loan EMI is dependent on 3 factors -

  • Loan amount - Higher loan amount means higher amount of EMI
  • Interest rate - Low interest rates leads to lower EMI or vice-versa
  • Loan Tenure – Higher the loan tenure, higher will be the EMI.

Lowest EMI per lakh for HCL Tech employees is Rs. 2,174 for 5 years at an interest rate of 10.99%.

Documents Required for HCL Tech Employees

  • Signed Application Form
  • Age Proof - Passport, Driving License, Election ID card, Electricity/ Telephone/ Mobile bill/ bank statement (not more than 3 months old) .
  • Identity Proof - PAN card, Passport, Driving License, Aadhar Card, Voter id.
  • Address Proof - Passport, Driving License, Election ID card, Electricity/ Telephone/ Mobile bill/ bank statement (not more than 3 months old).
  • Income Proof - Last 2 years Form 16, last 6 months salary slip, last 6 months' bank account statement showing salary credit.

Employee Personal Loan for HCL Tech

  • Multiple offers available for HCL Tech employees.

Why do banks offer loans at lower rates of interest to HCL Tech employees?

  • Banks value the fact you work for one of India's leading IT Services Services company, HCL Tech
  • Every bank and finance company wants to have employees of large and reputed companies as its customers.
  • It is observed that most HCL Tech employees tend to pay their EMI's regularly, resulting in high CIBIL score.
  • HCL Tech is known to pay its salaries on time and this helps employees pay their EMI's regularly.

Other Loan type for HCL Tech employess

*Important Information: The rates and terms shown above are indicative and subject to change from time to time by the respective banks and loan providers. Loans granted at sole discretion of the bank and loan provider subject to eligibility, diligence, terms and conditions of respective banks. Additional terms and charges may apply. Rates and offers keep changing from time to time and may not necessarily be updated at all times.

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