How To Get a Personal Loan in 5 Easy Steps?

Check if you have a Pre-approved Loan Offer  

Thinking of travelling around the world or even planning for the perfect wedding? Opt for a Personal Loan to make your dreams come true.

A Personal Loan has flexible repayment terms and usually no security or collateral is required.

Here is a five-step guide on how to get a Personal Loan. From documents required to how to apply for a Personal Loan, we have all the angles covered:

Step 1: Determine your requirement
Figure out why you need a Personal Loan and how much you need. For example, you may need a loan to fund your wedding or to renovate your home. And you may need just Rs. 1 lac or Rs. 10 lac.

Step 2: Check loan eligibility
Once you know how much you need, you should check whether you are eligible. You can visit the HDFC Bank Personal Loan Eligibility Calculator online, to find out how much you can borrow as Personal Loan. HDFC Bank offers loans up to Rs. 40 lac.

Read more about how to calculate your Personal Loan EMI and how to lower it.

Step 3: Calculate monthly instalments 
Use an online EMI tool to calculate your approximate loan repayments every month. You can modify the interest rate and tenure to match your monthly income, like on HDFC Bank Personal Loan EMI calculator. HDFC Bank offers pocket friendly EMIs on all its Personal Loan starting at Rs. 1878 per lac * (T&C).

Step 4: Approach the bank
You can apply for a Personal Loan with HDFC Bank in a variety of ways: Via NetBanking, online on the HDFC Bank website, at an ATM or by visiting a branch.

Step 5: Submit documents
Next find out what documents are required for a Personal Loan. Usually, you will need income proof (bank statements, salary slips or IT returns), address proof and ID proof. Hand over copies of your Personal Loan documents at the bank.

Wait for funds to be remitted to your account. HDFC Bank disburses funds for pre-approved loans to customers in 10 seconds*, and for non-HDFC Bank customers in 4 hours*.

That’s how to get a Personal Loan in 5 easy steps! Now, Jio Shaan Se and make your dreams come true!
Looking to apply for a Personal Loan? Click here to get started.

* Terms & conditions apply. Personal Loan disbursal at sole discretion of HDFC Bank Ltd.