The list of online lenders in India is a really a long one. When you are in need of a personal loan, you must be confused by the long list of appealing lenders and keep on wondering which one to choose. Whether you should go for nationalized banks, private banks or NBFCs to find the best deal with your personal loan? One has to spend a lot of time in front of their computer screen in searching for the best lender for a personal loan.
To minimize the worries of the potential personal loan seeker, we have sorted out one of the prominent online lenders who can provide you with almost all features you are looking for in a personal loan.
HDFC bank is providing personal loans to its existing as well as a new customer at a much hassle free manner.
Here Are Some More Reasons to Choose An HDFC Personal Loan
Online Application
One can apply for a personal loan online at HDFC bank. The loan can be applied through the website of the bank as well as the mobile application. To apply for personal loan at HDFC either you are to visit the website of the lender you are to download the mobile application.
Low Cost
The HDFC personal loan interest rate is a competitive one. The interest rates on a personal loan at this bank range from 15.00% TO 20.99 % which is lesser than many online personal loan providers at the present day. The HDFC personal loan processing fee is also minimal. It is just up to 2.50% of the loan amount.
Hassle Free Processing
The processing of personal loans at HDFC is done as an entirely online process. From applying to disbursal, each and every step is done online. Even the documents that you need to furnish are to be uploaded to the website. Because of being entirely online, one doesn't need to visit the lender's office even for a single time. The processing of an online loan at HDFC is the easiest and hassle-free one.
Minimal Documentation
You are to furnish only the basic documents to get the loan from HDFC. Here is the list of documents needed to get an online loan: ID proof, address proof and income proof. If you are a pre-approved customer of HDFC, you can avail the same loan without any document.
Quick Disbursal
The disbursal of a personal loan at HDFC bank is done at a lightning speed. It takes only 4 hours to disburse a loan if you are a new customer. If you are a pre-approved customer, it takes only 4 seconds to disburse the loan. The disbursal time of HDFC personal loan is probably the fastest in the country at present time.
No Collateral
The personal loan at HDFC is not a secured loan. One doesn't need to put any of his assets in lien in order to avail the loan. The loan here is an unsecured loan one hence none of the valuables of the lender is at the risk of being auctioned by the lender.
Multipurpose Loan
The loan which one avails from HDFC is a multipurpose loan. The borrower can use the loan amount for any of the personal use. The bank officials will never ask a question on the use of your loan amount when you will reach them for an HDFC personal loan online apply. The borrower is free to use the amount for any personal or professional use.
Better Repayment Mode
Just like applying and disbursal, the repayment of a personal loan at HDFC comes at a smooth process. One can set up ECS, PDC or auto-debit for automatic repayment of EMI every month. So your EMIs will be deducted from your bank account at a particular date every month.
Low EMI
One can repay the loan without a burden at HDFC because of the extended loan tenure. The personal loan tenure can be stretched as long as 60 months at HDFC. Because of this lengthy tenure, the EMI becomes smaller and one can pay off the loan without making any big change in his daily expenditures.
Online Tracking of the Loan
When you apply for a personal loan at HDFC you will be provided with an application number. With the use of the application number, the loan seeker will get an access to the online loan account of his. This online loan account can be accessed from mobiles as well as laptops. With the help of this online account you can check the loan status, interest rate, upcoming EMI date, the tenure etc whenever you want to. With this online loan account, it becomes much easier to track your loan.
With all the advantages mentioned above, the HDFC personal loan has become one of the best online personal loans of India. So, whenever you are at an urgent need of money, just apply for a personal loan at HDFC and your loan amount will be deposited within hours.