Is Hdfc Personal Loan Interest Rate Good Enough?
While other banks of India are providing personal loans at around 15%, HDFC Bank is giving out personal loans at as low as 11.25%. If your credit score is not good enough, the HDFC personal loan interest rate won’t cross 21.25%. You don’t have to cut down on your luxury because of the friendly nature of HDFC personal loan interest rate. It keeps your EMI as low as possible to help you enjoy your life better. Say, if you take a HDFC personal loan for INR 3,00,000 over the course of 4 years at an interest rate of 11.25%. The EMI you’ll be paying on the loan is just INR 7,754. That’s it? Yes, it is just 5-10% of your salary. The rest of your salary you can use to continue living the luxurious life without thinking much about the loan. If you need help in calculating your EMIs, the HDFC personal loan EMI calculator will assist you with that. However, there are some factors that you should keep in mind which affect the interest rates.
What are the Benefits of Personal Loan HDFC?
Big Loan Amount: Almost all Banks and Non-Banking Financial Companies offer a loan amount upto INR 20 lakh, but since HDFC Bank is one of the big guns in the personal loan sector, it offers high loan amount. You can avail a loan amount upto INR 40 lakh.
Loan For All Purposes: Whether it’s about meeting unforeseen expenditures or for planned vacations to an exotic destination or throwing the best wedding or thinking of buying your dream car, don’t worry, you can use the HDFC Personal loan amount as per your discretion.
Repayment Tenure as per your choice: Servicing the customer is of prime importance to HDFC. To back this belief, HDFC personal loan gives the customer a choice of his own tenure to repay the loan. Using HDFC Bank Personal Loan EMI calculator, the customer can adjust their loan tenure according to their terms and ascertain the EMIs they’ll be paying on their investment. However, there is a cap on the maximum loan tenure take, which is, 5 years.
Attractive Interest Rates: HDFC Personal Loan offers one of the lowest interest rates in the market. They provide loan at interest rate as low as 11.25%. To bag the lowest HDFC personal loan interest rate, you need to have a CIBIL score of more than 750.
No Collaterals: You need not submit any collateral to avail the personal loan by HDFC bank. Even if you want to procure high loan amount HDFC doesn’t ask you to pledge any security against the loan. But, you will have to have a good credit score for you to be eligible for the loan.
HDFC Personal Loan Calculator: HDFC Bank has developed HDFC Bank Personal Loan Calculator for the convenience of its customers. Loan is something which needs proper financial planning. Managing a personal loan puts a dent on 20% of your salary in the form of EMIs. So to have a hassle free after loan life, you should plan out your personal loan properly. In order to plan, you will need to know the EMI you’ll be paying. The HDFC Personal Loan Calculator helps you determine your HDFC personal loan EMI with the help of loan amount, interest rates and the tenure of the loan.
How to use the HDFC Personal Loan Calculator?
It is the most easiest calculator to use. All you have to do is just adjust the three sliders and the results will flash on your screen within milliseconds. Enter the loan amount you desire, then, enter the interest rate that is the most comfortable for you. Finally, enter the tenure you want the loan for. Hit ‘Enter’ and you EMI amount pops up. However, this is just an approximate figure because there might be a discrepancy in the interest rate that you’ve entered and the bank has offered. If you’ve a good CIBIL score, you can ask HDFC to provide the lowest score possible. You can use the HDFC Personal Loan Calculator either at the official website of HDFC Bank or on the websites of some financial technology companies.
What are the Benefits of Personal Loan HDFC?
Big Loan Amount: Almost all Banks and Non-Banking Financial Companies offer a loan amount upto INR 20 lakh, but since HDFC Bank is one of the big guns in the personal loan sector, it offers high loan amount. You can avail a loan amount upto INR 40 lakh.
Loan For All Purposes: Whether it’s about meeting unforeseen expenditures or for planned vacations to an exotic destination or throwing the best wedding or thinking of buying your dream car, don’t worry, you can use the HDFC Personal loan amount as per your discretion.
Repayment Tenure as per your choice: Servicing the customer is of prime importance to HDFC. To back this belief, HDFC personal loan gives the customer a choice of his own tenure to repay the loan. Using HDFC Bank Personal Loan EMI calculator, the customer can adjust their loan tenure according to their terms and ascertain the EMIs they’ll be paying on their investment. However, there is a cap on the maximum loan tenure take, which is, 5 years.
Attractive Interest Rates: HDFC Personal Loan offers one of the lowest interest rates in the market. They provide loan at interest rate as low as 11.25%. To bag the lowest HDFC personal loan interest rate, you need to have a CIBIL score of more than 750.
No Collaterals: You need not submit any collateral to avail the personal loan by HDFC bank. Even if you want to procure high loan amount HDFC doesn’t ask you to pledge any security against the loan. But, you will have to have a good credit score for you to be eligible for the loan.
HDFC Personal Loan Calculator: HDFC Bank has developed HDFC Bank Personal Loan Calculator for the convenience of its customers. Loan is something which needs proper financial planning. Managing a personal loan puts a dent on 20% of your salary in the form of EMIs. So to have a hassle free after loan life, you should plan out your personal loan properly. In order to plan, you will need to know the EMI you’ll be paying. The HDFC Personal Loan Calculator helps you determine your HDFC personal loan EMI with the help of loan amount, interest rates and the tenure of the loan.
How to use the HDFC Personal Loan Calculator?
It is the most easiest calculator to use. All you have to do is just adjust the three sliders and the results will flash on your screen within milliseconds. Enter the loan amount you desire, then, enter the interest rate that is the most comfortable for you. Finally, enter the tenure you want the loan for. Hit ‘Enter’ and you EMI amount pops up. However, this is just an approximate figure because there might be a discrepancy in the interest rate that you’ve entered and the bank has offered. If you’ve a good CIBIL score, you can ask HDFC to provide the lowest score possible. You can use the HDFC Personal Loan Calculator either at the official website of HDFC Bank or on the websites of some financial technology companies.
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