HDFC Bank Limited (the Bank) is a holding company. The Bank offers a range of banking services covering commercial and investment banking on the wholesale side and transactional/branch banking on the retail side. It also offers financial services. The Bank's segments include Treasury, Retail banking, Wholesale banking and Other banking business. The Treasury segment primarily consists of net interest earnings from the Bank's investment portfolio, money market borrowing and lending, gains or losses on investment operations and on account of trading in foreign exchange and derivative contracts. The Retail Banking segment serves retail customers through a branch network and other delivery channels, as well as through alternative delivery channels. The Bank provides its corporate and institutional clients a range of commercial and transactional banking products. The Other banking business segment includes income from para banking activities.
A personal loan is a good way to address short term loan requirements. Whether you want to match a medical emergency, wedding expenses, travel expenses or home makeover, you can get an instant cash loan for any sort of need. Besides being cost-effective, they give an additional advantage as to secure them, you don't need to pledge any kind of your valuables. This is the reason that most of the borrowers admit personal loans as the best way to get an instant loan in India.
Any individual who is an Indian citizen or national and has residual income qualifies for the personal loan. By design Personal Loans are unsecured loans and therefore an applicant does not have to worry about furnishing paperwork related to collateral. For getting a personal loan, you need to fulfill certain parameters as a part of the eligibility criteria.
|HDFC Bank||ROI||Max Loan Amount||Tenure||Processing Fee||Late Payment||Foreclosure Charges||Partpayment Charges|
|Business Loan||15.65%||Max upto Rs. 50 Lakhs||12 months to 48 months||upto 2.50% of loan amount||No pre-payment permitted until repayment of 6 EMIs||2% per month on EMI||Not Allowed|
|Home Loan||8.80%||Depend on Applicant Profile||30 years||0.5% of loan amount or Rs 3,000 whichever is higher, plus applicable taxes||Nil||upto 24% annually||Nil|
|Personal Loan||11.25 % - 18 %||50 lakh||60 months||upto 2.5 %||Allowed after 12 EMI's, 2 - 4%||2% per month on EMI/Principal Overdue||Allowed after 12 EMI's, 2-4%|
|Car Loan||8.25% - 14.26% (Avg 9.40%)||Valuation of car||upto 7 years||Rs. 10,000 or 0.4% of car loan sanctioned||3% to 6% depending on loan tenure||2% each month||5% on the part payment amount in case part prepayment is within 13-24 months from 1st EMI|
|Education Loan||12.13%||upto 10 lakh||15 years||Maximum upto 1% of the loan amount||upto 4% of the Outstanding Balance prepaid||24% per annum on outstanding amount from the default date onwards||N/A|
|Personal Loan||ROI||Max Loan Amount||Tenure||Processing Fee||Late Payment||Foreclosure Charges||Partpayment Charges|
|Tata Capital||11.75%||20 lakh||60 months||2.5% + GST||No foreclosure in first 6 months, 4.5% + GST||3% on Overdue Amount per month + GST||Allowed after 6 EMIs, Nil prepayment charges|
|Kotak Mahindra Bank||10.99% - 18%||15 lakh||60 months||2.5 % + GST||After 12 months, 5% foreclosure charges + GST||3% p.m compounded monthly on the Amount due||Not allowed|
|Bajaj||11.99%||25 lakh||60 months||2%||4% foreclosure charge plus applicable taxes on principal outstanding||N/A||2% part-prepayment charge plus applicable taxes|
|RBL Bank||13.99%||20 lakh||60 months||2.5% + GST||13-18 Months: 5%, >18 Months: 3% foreclosure charges||24 % p.a on amount outstanding from date of default||Not allowed|
|Bank of Baroda||11.35% - 16.35%||10 lakh||4 years||2%||Allowed after 1 EMI's, Nil prepayment charges||N/A||Allowed after 1 EMI's,|
|ICICI Bank||11.25%||30 lakh||60 months||2.25 % + GST||5% per annum of principal outstanding plus GST||24 % p.a on amount outstanding from date of default||Not allowed|
|IndusInd Bank||11.25%||25 lakh||60 months||2.5% + GST||Allowed after 12 EMI's, 4%||Rs 150/- plus taxes, Per EMI delay beyond 5 days||Not allowed|
|HDFC Bank||11.25 % - 18 %||50 lakh||60 months||upto 2.5 %||Allowed after 12 EMI's, 2 - 4%||2% per month on EMI/Principal Overdue||Allowed after 12 EMI's, 2-4%|
|IIFL||13%||25 lakh||12 months to 60 months||2% + GST||upto 6%||2% compounded annually||Not allowed|