HDB Financial Services provides personal loans featuring:

• Loan Amount: Upto Rs. 20 Lakhs
• Interest Rate: 16.75% - 36% per annum
• Tenure: 12 - 60 months
• Processing Fee: Up to 3% of the loan amount + GST
• Prepayment Charges: Up to 4% + GST
• Age Requirement: 21 - 60 years for salaried individuals & 22 - 65 years for self-employed individuals
• Minimum Net Monthly Income: Rs. 15,000
• Lowest EMI per Lakh: Rs. 2,472

Types of HDB Personal Loans

1. Personal Loan: Quick and collateral-free financial help.
2. New to Credit Loan: Tailored for new borrowers with limited or no credit history.
3. Consumer Durables Loan: For purchasing items like TVs, refrigerators, etc.
4. Loan Against Securities: Funding needs met by leveraging securities like Bonds or Insurance Policies.

Features of HDB Personal Loan

• Flexible amount up to Rs. 20 lakhs based on CIBIL score and income.
• Tenure options from 12 to 60 months with easy EMIs.
• No collateral required.
• Choose between fixed or floating interest rates.
• Prepayment allowed after 6 EMI payments.
• Processing fee is applicable up to 3%.

Why Apply for HDB Personal Loan?

• Use funds for personal or business needs.
• No need for security or guarantee.
• Convenient doorstep documentation service.
• Customer support available 24/7.
• Affordable interest rates on EMIs.
• Flexible repayment terms.
• Simple documentation and fast processing.
• Transparent and clear procedures.
• Exclusive offers for employees of select companies.

HDB Personal Loan EMI Calculation

Calculate your EMI using the tool on mymoneymantra.com:

1. Access the EMI calculator.
2. Enter loan details like amount, rate, and tenure.
3. Submit to see the monthly EMI amount and amortization details.

Documents Required for HDB Personal Loan

• ID Proof: Passport, Aadhaar, Voter ID, etc.
• Address Proof: Ration card, utility bills, etc.
• Date of Birth Proof: PAN card, birth certificate.
• Bank statements or passbooks.
• Latest salary slip with ITR/Form 16.

• Similar ID and Address proof as salaried individuals.
• Latest ITR with financial statements.
• Proof of business continuity: sales tax certificate, trade license.
• Applicable documents on business structure.

HDB Personal Loan Eligibility Criteria

• Age: 21 - 60 years
• Monthly Income: Rs. 20,000 in metros, Rs. 15,000 in other cities
• Employment duration: Minimum 1 year

• Age: 22 - 65 years
• Experience: At least 3 years
• Annual Income: Rs. 1,00,000 in metros, Rs. 75,000 in other cities

• Age: 22 - 65 years
• Experience: At least 4 years
• Annual Income: Rs. 1,00,000 in metros, Rs. 75,000 elsewhere
• Business profitability for at least 2 years.

HDB Personal Loan Charges

• Processing Fees: Up to 3%
• Late Payment: 3% monthly on overdue EMI
• ECS bounce charge: Rs. 750 per instance
• Others: Statement charges, document retrieval, loan cancellation fees

How to Apply for HDB Personal Loan on MyMoneyMantra?

1. Visit the website: mymoneymantra.com
2. Complete registration and choose personal loan options.
3. Fill and submit the application form online.
4. Expect assistance in the documentation process.
5. Follow-up with bank processing for approval.

HDB Personal Loan Customer Care

• Visit nearest branch using branch locator
• Call customer support at: +914442984541