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| For Regular Post: Manager, HDFC Bank Cards Division,PO BOX # 8654 Thiruvanmiyur PO Chennai - 600 041 For Courier: Manager, HDFC Bank Cards Division,# 8, Lattice Bridge Road, Thiruvanmiyur, Chennai - 600 041 |
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A Quick Guide: Personal Loan for Salaried Employee
Whether you want funds for a family wedding, a foreign holiday, child’s education, home renovation or medical emergency —a personal loan is the ideal solution for your urgent financial needs.
Read our personal loan guide for salaried individuals to know more.
What is a personal loan? a
It is a loan that is given to you as an individual by a bank or financial institutions without asking you for any collateral or security in exchange. That’s why it is called an unsecured loan. You can use the funds from a personal loan for any legal purpose.
Companies and organisations are not eligible for personal loans.
What are the benefits of a personal loan?
Flexibility of purpose: You can use a personal loan for multiple purposes, such as a family wedding, home renovation, children’s education, to buy a mobile phone, to go on a holiday or in the event of a medical emergency.
Instant funds: You get funds instantly – pre-approved HDFC Bank customers can get money in 10 seconds*, non-HDFC Bank customers can get money in as little as 4 hours*
No documentation for pre-approved customers
No need for any collateral or security
Flexible tenures and pocket-friendly EMIs
Competitive interest rates
Am I eligible for a personal loan for salaried employee?
Most salaried individuals are eligible for personal loans.
However, your bank may require personal loan applicants to have a certain minimum income level or employment history.
Banks also require that all loans be repaid before retirement of a salaried individual.
How much personal loan can I get on my salary?
That will depend on your salary, the organization you work for, and the amount of years you have had in service. It will also depend on whether you have other debts and your credit-worthiness. Use the HDFC BankPersonal Loan eligibility calculator to know more. HDFC Bank gives loans up to Rs 40 lakh.
What is the tenure of a personal loan for salaried?
HDFC Bank extends personal loans for tenures of 12 to 60 months.
How can I apply for a personal loan?
You can apply for a personal loan via Netbanking, online on the HDFC Bank website, at an ATMor by visiting the branch.
All you will have to do is fill up anloan application form and attach the necessary documents.
What documents do I need?
You will need to attach copies of your identity, address and date of birth proof.
For income proof, you will have to show recent bank statements or updated pass book.
In addition to the above, show your recent salary slipsand company appointment letter, along with income tax returns.
How soon can I get a personal loan for salaried employee?
Pre-approved customers can get a loan in 10 seconds flat*. Others can get a loan in 4 hours*.
HDFC Bank frequently comes up with offers for existing customers. Check with the bank for latest offers and schemes for salaried employees.
* Terms & conditions apply. Loan disbursal at sole discretion of HDFC Bank Ltd.
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Weddings come once-in-a-lifetime. And you want it to be perfect in every way. A personal loan makes your dream wedding possible. Get complete peace of mind about finances for your big day with a marriage loan.
A personal loan is one that is provided by a bank to fund a financial need or immediate cash requirement, be it for business, family wedding, studies or foreign trips. The bank will not question you about the end use when you are applying for a personal loan
Personal loans are loans that do not require collateral or security and is offered with minimal documentation. You can use it for any legitimate personal need. Like any other loan, you must repay it according to agreed terms with the Bank usually over a few months to a few years in easy equated mont
When you have a clean credit history and a track record of financial discipline, you may become eligible for a personal loan pre-approval.
Whether you want funds for a family wedding, a foreign holiday, child’s education, home renovation or medical emergency —a personal loan is the ideal solution for your urgent financial needs.
A personal loan is useful to fund a range of financial needs, including home renovation, children’s education, medical emergency, family wedding or a dream vacation.
Emergencies may happen rarely, but they are always unexpected. And when you are faced with a tough situation, you may need funds quickly.
Ask yourself these questions before you decide to apply. From how to apply for a personal loan to personal loan requirements, we have the answers to key questions that you may have.
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Two questions that most people have when they take a personal loan are: How much loan can I get? How much will I have to pay out every month?
Be it a wedding, children’s education, a medical emergency or foreign travel, a personal loan is a great way to raise funds for a wide range of personal needs. You can get the funds quickly, with minimal documentation. You can repay the loan over many months or years in easy monthly instalments.
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