Getting a Personal Loan through Savings Account is Made Easy with HDFC Bank
Need to finance some emergency expenses but short on cash? Want to make a big-ticket purchase for your home, but worried about running low on funds? Or maybe you're planning your wedding and need just a little financial help to see it through. Whatever your need, a Personal Loan can come to your rescue.
Today, Personal Loan is amongst the best loan options because of its convenience and hassle-free process. But what makes Personal Loan so popular, and why should you opt for it?
Here are some reasons that make Personal Loan the ideal option when you need urgent funds.
1) No collateral needed
A Personal Loan is an unsecured loan, so you don’t have to provide any assets like shares or jewellery to act as security for the loan or mortgage your home. It’s a suitable funding option for people who aren’t homeowners or shareholders to get cash quickly.
2) Pocket-friendly repayment plans
When the time comes to repay the loan amount, you can do so in easy instalments every month. The affordable payment plans are often flexible; this way, you can ensure that your monthly expenses are not affected. Banks like HDFC Bank, let you choose from tenures of 12 months all the way to 60 months with EMIs as low as Rs 2,149 per lakh onwards.
3) Affordable-interest rates
When compared to other types of loans, the interest rate on Personal Loan is significantly more affordable, even when it comes to larger amounts.
In addition to these, a few other advantages of Personal Loan are easy documentation, meets a variety of expenses and is an ideal way to improve your credit score.
Get a Personal Loan from HDFC Bank
While it is easy to get a Personal Loan, it can often be a long wait. Once you submit your application along with your documents, it can take anywhere between one to seven days for the loan to get approved, and a couple of more days for the money to get disbursed. But during certain emergencies, such as a medical one, or a personal financial emergency, you may need access to money quickly, waiting for several days may pose a problem. But by applying for a Personal Loan with HDFC Bank, you can rest assured that you will receive funds at the earliest; sometimes even within a few hours. Let nothing hold you back - #LiveYourWay with HDFC Bank Personal Loan.
Other benefits of getting a Personal Loan from HDFC Bank:
Hassel-free loan processing
Lower interest rates
Flexible usage of funds
Perks of being an HDFC Bank customer with InstaAccount
When you open a bank account, you entrust the bank with your money and put your faith in them to take care of your financial needs. And should you face a financial crunch, it is your bank that repays that faith by providing the assistance you need. This is exactly what HDFC Bank, India's No.1 Bank* promises to do.
By signing up for an HDFC Bank Savings Account through InstaAccount, you become eligible to get a Personal Loan with a quick turnaround time; within four hours. In fact, over time, you may even become eligible for a pre-approved loan, which can be disbursed in just 10 seconds!
As a digitally forward bank, HDFC Bank now allows you to open a Savings Account via a completely online process without having to visit the bank. Just launch the InstaAccount App or website and open your account within minutes from anywhere and at any time. So, open now!
Read here on how to open an instant Savings Account with HDFC Bank instantly.
With HDFC Bank InstaAccount, your account number and customer ID is generated immediately, and your account is automatically enabled for MobileBanking and NetBanking services. This makes getting a Personal Loan super simple.
Steps to avail a Personal Loan from HDFC Bank
Login to NetBanking or MobileBanking
Click on the Personal Loan section
Check the amount you are eligible for, enter the required details
Get the funds in just a few hours
To make banking easy for you, choose India’s leading private sector bank by opening an InstaAccount today. Click here for Online Saving Account Opening.
* Terms & conditions apply. Personal Loan disbursal at sole discretion of HDFC Bank Ltd.