How to Improve and Increase your CIBIL Score to become eligible for a Personal Loan?

When you have a clean credit history and a track record of financial discipline, you may become eligible for a personal loan pre-approval.

A personal loan is a short term credit that can be used for any purpose and does not require you to furnish collateral or security. A pre-approved personal loan needs minimal or no documentation and paper work and the least processing time.  

Who is eligible for a personal loan pre-approval?
Check back with your bank or in your online account if there is a pre-approved personal loan offer available for you. You may even have received a call in this regard. Usually, if you are a long-standing customer and have good credit history, you may be eligible for a personal loan fast approval. If you are an HDFC Bank customer, you can login to your NetBanking and check if you are eligible for a pre-approved offer.

What are the benefits of a pre-approved personal loan offer?

• Instant funds
  If you are an HDFC Bank customer and are pre-approved for a personal loan, you can get the funds in your account in just 10 seconds*; non-HDFC Bank customers can get funds from a pre-approved loan in under 4 hours*.
• Competitive interest rates
  Since you are a chosen customer, the bank will offer you the most competitive interest rates on personal loan pre-approval. This is because the bank is assured about your ability to repay, given your financial prudence and stability of income. HDFC Bank offers loans at EMIs starting as low as 2149 per lac * (T&C).
• Flexibility of purpose
  The great thing about a pre-approved loan is that you can use the funds for any legal personal end, with no barriers on how you spend the money.
• Zero documentation
  Pre-approved personal loans for existing customers usually require no documentation and are hassle-free.
• Online and paperless
  When you have a personal loan pre-approval offer, you can apply for these loans online, without leaving your home or office. Get pre-approved loans anytime, anywhere, and on the go.
• Flexible repayment 
  Pre-approved personal loans allow you to choose the tenure of repayment for the loan. HDFC Bank offers tenures of 12 to 60 months. You can choose a tenure that makes for pocket-friendly EMIs. 
  
  So take advantage of the benefits of the pre – approved personal loan by applying now! #Startnow!

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