If you wish to obtain a personal loan from the Best Personal Loan Apps available in India, then, there are various options available such as the HDB Personal Loan App, Credy App, KreditBee App, and more. Now, here we will discuss the HDB personal loan app where the loan amount is up to Rs. 20 lakhs at an attractive interest rates.
Features and Benefits of HDB Personal Loan App
Availing HDB personal loan to the borrowers who have a lot of benefits:
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Personal loan up to Rs. 20 lakhs
If you are applying for the loan, you can get the eligibility for an easy personal loan up to Rs. 20 lakhs. The HDB financial services offer the loan to accomplish your financial goals easily.
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Attractive interest rates
This bank offers personal loans at a low rate of interest for Applying for an HDB personal loan. This will offer attractive interest rates that are specially customized- based on your need and repayment tenure.
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Flexible Tenure
HDB financial services offer the repayment tenure starting from 12 months up to 60 months when you are availing of a personal loan. Apart from this, you can repay the loan with EMI without any worry of financial issues.
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Hassle-free Documentation
One can experience minimal documentation with HDB quick Personal Loan application process. When you are applying for a personal loan online, the entire process is paperless, and you all just need to upload the soft copy of your documents.
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Quick Processing and Speedy Disbursal:
If you are applying for HDB personal loan, the documentation and eligibility are based on the loan amount which works as a quick operation process. This process will help you without having to wait and will save your time.
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No Collateral Required
Being an unsecured loan app, there is no requirement to submit any collateral or guarantor stand-ins to get the loan amount.
How to apply for a HDB Personal Loan as a financial service?
When the personal loan is offered by HDB financial services, then it is very simple to apply online. Few steps for HDB personal loans are:
- Visit the HDB website and click “Apply Now”
- Fill the personal details along with mobile number OTP verification
- Then, fill in the professional details
- Your loan application is accepted
- Upload the required documents
- Download the HDB android app
- Verify your mobile number with OTP
- Click on “Apply for a New loan”
- Enter the required address information while filling the form
- Fill the image/signature box
Eligibility Criteria for Applying for HDB Personal Loan
For salaried individuals
The salaried individuals such as salaried doctors, CAs, employees of private and public limited companies, Government sector employees including public sector undertakings:
- The minimum age criteria should be 21 years and the maximum it should be 60 years (Or retirement, whichever is earlier. For government employees, it should be 65 years.
- Minimum 1 year in employment with a minimum of 1-month salary credit in the current organization.
- Minimum net monthly income of Rs. 20,000 for metro locations such as Ahmedabad, Bangalore, Chennai, Delhi, Kolkata, Hyderabad, Pune, etc., and Rs. 15,000 for all other locations.
For Self-employed Professionals
- The age of the applicant should be 22 years and more
- The maximum age of the applicant at loan maturity is 65 years
- Years in business should be minimum of 3 years
- Minimum annual income should be Rs. 1 lakh p.a. for metro location and Rs. 75,000 p.a. for non-metro cities.
For Self-employed Individuals
- The age of the applicant is 22 years or more.
- The maximum age of the applicant at loan maturity should be 65 years
- You should be working for a minimum of 2 years in the same business
- Minimum annual income should be Rs. 1 lakh p.a. for metro cities and Rs. 75,000 for non-metro cities.
- Business must be profit-making for the last 2 years.
Conclusion
It is concluded that the discussed eligibility criteria, documents required, and online process of HDB Personal Loan helps you to fulfil your financial requirements. HDB personal loan app offers the loan amount up to Rs. 20 lakhs. You can choose the loan app after reading the guidelines and terms of the loan.
