Personal Loan

How To Get A Personal Loan In 5 Easy Steps?

Thinking of traveling around the world or even planning for the perfect wedding? Opt for a Personal Loan to make your dreams come true.

A Personal Loan has flexible repayment terms and usually, no security or collateral is required.

Here is a five-step guide on how to get a Personal Loan. From documents required to how to apply for a Personal Loan, we have all the angles covered:

Step 1: Determine your requirement

Figure out why you need a Personal Loan and how much you need. For example, you may need a loan to fund your wedding or to renovate your home. And you may need just Rs. 1 lac or Rs. 10 lac.

Step 2: Check loan eligibility

Once you know how much you need, you should check whether you are eligible. You can visit the HDFC Bank Personal Loan Eligibility Calculator online, to find out how much you can borrow as Personal Loan. HDFC Bank offers loans up to Rs. 40 lac.

Read more about how to calculate your Personal Loan EMI and how to lower it.

Step 3: Calculate monthly installments

Use an online EMI tool to calculate your approximate loan repayments every month. You can modify the interest rate and tenure to match your monthly income, like on the HDFC Bank Personal Loan EMI calculator. HDFC Bank offers pocket-friendly EMIs on all its Personal Loans starting at Rs. 2149 per lac * (T&C).

Step 4: Approach the bank

You can apply for a Personal Loan with HDFC Bank in a variety of ways: Via NetBanking, online on the HDFC Bank website, at an ATM, or by visiting a branch.

Step 5: Submit documents

Next, find out what documents are required for a Personal Loan. Usually, you will need income proof (bank statements, salary slips or IT returns), address proof, and ID proof. Hand over copies of your Personal Loan documents at the bank.

Wait for funds to be remitted to your account. HDFC Bank disburses funds for pre-approved loans to customers in 10 seconds*, and for non-HDFC Bank customers in 4 hours*.

That’s how to get a Personal Loan in 5 easy steps! Now, Jio Shaan Se and make your dreams come true!
Looking to apply for a Personal Loan? Click here to get started.

* Terms & conditions apply. Personal Loan disbursal at the sole discretion of HDFC Bank Ltd.

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