HDFC Personal Loan Eligibility Calculator India Jul 2017
HDFC Bank Personal Loan Eligibility
|Eligibility Conditions||Salaried||Self Employed|
|HDFC Bank Rate of Interest||10.99% - 20.00%||15.50% - 18.30%|
|Lowest EMI Per Lakh||Rs. 2,174||Rs. 2,808|
|Age||21 - 60 years||21 years - 65 years|
|Maximum Loan Amount||Rs. 9,000,000||Rs. 5,000,000|
|Minimum Work Experience||24 months||60 months|
|Maximum Tenure||60 months||48 months|
Eligibility based on Age
- Age: There is an age criteria for the approval of personal loan. The minimum age requirement for availing personal loan is 21 years and maximum is 60 years. HDFC Bank offers personal loans for a maximum period of 60 months.
Eligibility based on Income
- Net Income: Your net income required to avail personal loan is Rs. 15,000 per month. Your eligibility is majorly determined by your income (Net take home salary).Your capability of paying EMI’s is judged on the basis of income earned. As your loan EMI’s are not affecting your living standards.
- Job stability and profession: Job stability is important to improve your status and eligibility for personal loan from HDFC Bank. As job experience of minimum 24 months is must and applicant should be employed for at least 12 month in current job.
- CIBIL Score for personal loan: Bank will check your past and current repayment history on loans and credit card. So, the required CIBIL Score is 700 & above.
Frequently Asked Questions
The minimum age of the applicant required to get personal loan from HDFC is 21 years. The maximum age for salaried employees can go up to 60 years.What should be the minimum net monthly income of the customer to get HDFC Bank personal loan?
The minimum income for salaried employee should be Rs. 15,000 per month.How much work experience is required for personal loan from HDFC Bank?
The applicant must have at least work experience of 12 months in order to avail the benefit of HDFC personal loan.What is the maximum loan amount an applicant can get?
The maximum loan amount an applicant can get under personal loan from HDFC Bank is up to Rs. 9,000,000.Will CIBIL Score affect my personal loan from HDFC Bank?
Yes, CIBIL Score does have an impact on your personal loan. A good score indicates good repayment record and hence most banks avoid giving loans if you have low credit score.