Bank
HDFC Bank

HDFC Bank Limited (formerly UTI Bank) is the third largest private sector bank in India. It offers financial services to customer segments covering Large and Mid-Corporates, MSME, Agriculture and Retail Business. HDFC bank offer loan for salaried person who has a dream vacation, child's education, home renovation or wedding in your family, you can instantly fulfill your aspirations with HDFC Bank Personal Loans.

About Home Loan

Housing Development Finance Corporation Limited (HDFC Ltd.), India's largest private housing finance company, is renowned for handholding customers right through the home buying process and for a high level of transparency in their loan terms. HDFC offers a variety of financing options including home loans, home improvement loans and home extension loans

Eligibility Criteria

  • “HDFC Bank offers an eligibility tool on their website for a detailed analysis. Please refer same for the criteria.”

Documents Required

  • Signed application form with photograph
  • ID and residence proof
  • Processing fee cheque
  • Last 6 months bank statements
  • Documentation for salaried applicants:
    • Latest Salary-slip
    • Form 16
  • Documentation for self-employed applicants:
    • Education qualification certificate & proof of business existence
    • Last 3 years Income Tax Returns with computation of Income
    • Last 3 years Profit / Loss and Balance Sheet

Do's and Don'ts

Do’s

  • Make your mortgage or rent payments on time
  • Stay current on all existing accounts
  • Continue to work for the same employer
  • Continue living at your current residence
  • Keep credit card balances at or below 40% of credit limits
  • Call us before doing anything regarding your employment, credit cards or assets.

 

Don't

  • Don’t make a major purchase (car, boat, etc.)
  • Don’t apply for new credit or loans of any kind
  • Don’t change bank accounts or banks unless advised
  • Don’t consolidate your debt into fewer accounts
  • Don’t Deposit cash or non-traceable funds
  • Don’t close credit card accounts
  • Don’t borrow money
  • Don’t transfer checking or savings balances from one account to another
  • Do not give notice to your landlord before consulting with your loan officer

About Personal Loan

HDFC Bank, which was incorporated in 1994, is the fifth largest bank in India by assets. Over the years HDFC Bank has won the trust of its customers and has become a market leader in personal loans. Enjoy triple benefits when you take a personal loan from HDFC Bank - Faster loan, competitive pricing, transparency.

Eligibility Criteria

  • “HDFC Bank offers an eligibility tool on their website for a detailed analysis. Please refer same for the criteria.”

Documents Required

  • Signed application form with photograph
  • Copy of passport/voter ID card/driving license
  • Processing fee cheque
  • Last 3 months bank statement/6 months bank passbook
  • Documentation for salaried applicants:
    • Latest salary slip
    • current dated salary certificate with the latest Form 16
  • Documentation for self-employed applicants:
    • Latest Bank statement
    • Latest ITR or Form 16

Do's and Don'ts

Do’s

  • Make your mortgage or rent payments on time
  • Stay current on all existing accounts
  • Continue to work for the same employer
  • Continue living at your current residence
  • Keep credit card balances at or below 40% of credit limits
  • Call us before doing anything regarding your employment, credit cards or assets.

Don'ts

  • Don’t make a major purchase (car, boat, etc.)
  • Don’t apply for new credit or loans of any kind
  • Don’t change bank accounts or banks unless advised
  • Don’t consolidate your debt into fewer accounts
  • Don’t Deposit cash or non-traceable funds
  • Don’t close credit card accounts
  • Don’t borrow money

About Car Loan

HDFC Bank, which was incorporated in 1994, is the fifth largest bank in India by assets. HDFC Bank provides best Auto loans/Car Loans in India. It offers attractive car finance plans for all car segments at lowest rate and covers the widest range of cars and multi-utility vehicles. HDFC Bank can offer a car loan for up to 100% of the value.

Eligibility Criteria

  • “HDFC Bank offers an eligibility tool on their website for a detailed analysis. Please refer same for the criteria.”

Documents Required

  • Photo ID and age proof
  • Signed application form with photograph
  • Residence proof
  • Last 6 months bank statement
  • Documentation for salaried applicants:
    • Last 3 months salary – slips
    • Form 16 or Income Tax Returns
  • Documentation for self-employed applicants:
    • Last 3 years Income Tax Returns with computation of Income
    • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

Do's and Don'ts

Do’s

  • Make your mortgage or rent payments on time
  • Stay current on all existing accounts
  • Continue to work for the same employer
  • Continue living at your current residence
  • Keep credit card balances at or below 40% of credit limits
  • Call us before doing anything regarding your employment, credit cards or assets.

 

Don't

  • Don’t make a major purchase (car, boat, etc.)
  • Don’t apply for new credit or loans of any kind
  • Don’t change bank accounts or banks unless advised
  • Don’t consolidate your debt into fewer accounts
  • Don’t Deposit cash or non-traceable funds
  • Don’t close credit card accounts
  • Don’t borrow money
  • Don’t transfer checking or savings balances from one account to another
  • Do not give notice to your landlord before consulting with your loan officer

About Education Loan

A meritorious student is never far away from their dream career, courtesy of HDFC Bank’s education loans. Students from every discipline can now take their first steps on the path to success. Every feature of student loan assists the process of higher education in a comfortable manner. Tax benefits, post-graduation EMI schedule and a flexible tenure make higher education both affordable and convenient as never before.

Eligibility Criteria

For eligibility on particular product please contact us or the respective bank

Documents Required

  • Application form and photographs
  • Letter of admission received from the college/institution
  • Fee breakdown, stating the tuition fees and other charges
  • Education marksheets, starting from class 10th to the last qualifying exam cleared
  • A declaration/affidavit to confirm no other loan has been availed
  • Identity and signature proof - Passport, Pan card, Driving License, Voter ID card, Aadhar card, employee identity card in case of government employees.
  • Address Proof - Bank statement, Rent Agreement, Voter ID card, Ration card, Passport, Driving License, telephone/ electricity/ water/ credit card bill or Property tax.
  • Age Proof- Voter ID card, Secondary School Certificate (class 10), birth certificate, Passport, Aadhar Card, pension payment order or receipt of LIC policy.
  • Income proof
  • Salaried individual 
  • Latest salary slip with Form 16
  • Salary account bank statement for the six months prior to applying for loan
  • Self-employed businessmen/professionals
  • Latest ITR, computation of income, Profit & Loss and Balance Sheet certified by a CA
  • Business continuity proof
  • Qualification proof of highest professional degree

Do's and Don'ts

Do’s

  • Make your mortgage or rent payments on time
  • Stay current on all existing accounts
  • Continue to work for the same employer
  • Continue living at your current residence
  • Keep credit card balances at or below 40% of credit limits
  • Call us before doing anything regarding your employment, credit cards or assets.

 

Don't

  • Don’t make a major purchase (car, boat, etc.)
  • Don’t apply for new credit or loans of any kind
  • Don’t change bank accounts or banks unless advised
  • Don’t consolidate your debt into fewer accounts
  • Don’t Deposit cash or non-traceable funds
  • Don’t close credit card accounts
  • Don’t borrow money
  • Don’t transfer checking or savings balances from one account to another
  • Do not give notice to your landlord before consulting with your loan officer

About Business Loan

Whatever be your need HDFC have a loan for you. Over the years HDFC have won the trust of customers and have become market leader in loan products.

Eligibility Criteria

  • “HDFC Bank offers an eligibility tool on their website for a detailed analysis. Please refer same for the criteria.”

Documents Required

  • PAN Card – For Company /Firm/ individual.
  • Proof of your identity: Copy of Aadhaar Card/Passport/Voter's ID card/Pan Card/Driving License.
  • Proof of your address: Copy of Aadhaar Card/Passport/ Voter ID-Card/Driving License.
  • Bank Statement (latest 6 months)
  • Latest ITR along with computation of income, Balance sheet and Profit & Loss a/c for the last 2 years. Financial should be CA Certified /Audited.
  • Proof of continuation (ITR/Trade license /Establishment /Sales Tax certificate)
  • Other Mandatory Documents (Sole Prop. Declaration Or Certified Copy of Partnership Deed, Certified true copy of Memorandum & Articles of Association (certified by Director) & Board resolution (Original)

Do's and Don'ts

Do’s

  • Make your mortgage or rent payments on time
  • Stay current on all existing accounts
  • Continue to work for the same employer
  • Continue living at your current residence
  • Keep credit card balances at or below 40% of credit limits
  • Call us before doing anything regarding your employment, credit cards or assets.

 

Don't

  • Don’t make a major purchase (car, boat, etc.)
  • Don’t apply for new credit or loans of any kind
  • Don’t change bank accounts or banks unless advised
  • Don’t consolidate your debt into fewer accounts
  • Don’t Deposit cash or non-traceable funds
  • Don’t close credit card accounts
  • Don’t borrow money
  • Don’t transfer checking or savings balances from one account to another
  • Do not give notice to your landlord before consulting with your loan officer

 

About Loan Against Property

Loans Against Property (LAPs) are loans offered by banks and financial institutions after mortgaging freehold property, both residential and commercial. These loans are much better options than personal loans or gold loans during times of financial crises or when you need money to expand your business.

Eligibility Criteria

  • “HDFC Bank offers an eligibility tool on their website for a detailed analysis. Please refer same for the criteria.”

Documents Required

Depending on whether you are salaried, or a self-employed professional, or a self-employed businessman, banks ask for different set of documents when offering an LAP.

The documents to be submitted when applying for an LAP are as follows:

  • For salaried individuals:
  • Proof of identity or residence
  • Latest salary slips
  • Form-16 issued by present employer
  • Bank statements of six months preceding the month in which loan is applied for
  • A cheque covering the administrative costs incurred by the bank in processing the application
  • A cheque covering the processing fee charged by the bank
  • For Self-employed Professionals:
  • Proof of identity or residence
  • Educational qualification certificates, degrees, diplomas, and other academic credentials
  • IT Returns of the three years preceding the one in which loan is applied for
  • Bank statements of six months preceding the one in which loan is applied for
  • For Self-employed Businesspersons:
  • Proof of identity or residence
  • Educational qualification certificates, degrees, diplomas, and other academic credentials
  • Proof of existence of business
  • Detailed business profile
  • Profit and loss sheet and balance sheets of the company for the three years preceding the one in which loan is applied for
  • IT Returns (of both self and the company) of the three years preceding the one in which loan is applied for
  • Bank statements of the six months preceding the one in which loan is applied for

Do's and Don'ts

Do’s

  • Make your mortgage or rent payments on time
  • Stay current on all existing accounts
  • Continue to work for the same employer
  • Continue living at your current residence
  • Keep credit card balances at or below 40% of credit limits
  • Call us before doing anything regarding your employment, credit cards or assets.

 

Don't

  • Don’t make a major purchase (car, boat, etc.)
  • Don’t apply for new credit or loans of any kind
  • Don’t change bank accounts or banks unless advised
  • Don’t consolidate your debt into fewer accounts
  • Don’t Deposit cash or non-traceable funds
  • Don’t close credit card accounts
  • Don’t borrow money
  • Don’t transfer checking or savings balances from one account to another
  • Do not give notice to your landlord before consulting with your loan officer

 

About Loan Against Car

Your Car Loan makes you eligible for a pre-approved cash loan. With no income documents required, getting a loan couldn’t get any easier. Apply now for an HDFC Bank Loan against Car.

Eligibility Criteria

  • “HDFC Bank offers an eligibility tool on their website for a detailed analysis. Please refer same for the criteria.”

Documents Required

  • Age Proof: Any one of Passport copy, PAN Card, Voters ID card, Photo driving license with birth date ( laminated, recent , legible), Photo ration card with DOB, Employer certificate/ID, School/College Leaving certificate.
  • Proof of Identity: Any one of Passport copy, PAN Card, Voters ID card, Photo driving license with birth date ( laminated, recent , legible), Photo ration card with DOB.
  • Income Proof: Latest ITR / Previous ITR with Adv. Tax paid Challan / latest IT assessment order.
  • Address Proof: Any one of Photo Ration card with DOB, Photo Driving license with DOB, Passport copy, Telephone bill, Electricity bill, Credit Card statement with credit card copy, Employer certificate/ID.
  • Sign Verification Proof: Any one of Passport copy, Photo driving license with birth date (laminated, recent , legible), Credit Card statement with credit card copy, Banker's verification, Copy of margin money paid to bank.
  • 9 month repayment track for vehicle under personal usage and 12 month repayment track for vehicles under commercial usage.
  • Foreclosure statement (if non HDFC Bank Car-loan on the vehicle).

Do's and Don'ts

Do’s

  • Make your mortgage or rent payments on time
  • Stay current on all existing accounts
  • Continue to work for the same employer
  • Continue living at your current residence
  • Keep credit card balances at or below 40% of credit limits
  • Call us before doing anything regarding your employment, credit cards or assets.

 

Don't

  • Don’t make a major purchase (car, boat, etc.)
  • Don’t apply for new credit or loans of any kind
  • Don’t change bank accounts or banks unless advised
  • Don’t consolidate your debt into fewer accounts
  • Don’t Deposit cash or non-traceable funds
  • Don’t close credit card accounts
  • Don’t borrow money
  • Don’t transfer checking or savings balances from one account to another
  • Do not give notice to your landlord before consulting with your loan officer