- About Coverfox
There are various factors that affect the applicant's’ eligibility for a HDFC bank personal loan. HDFC prefers to give loans to those who are capable of repaying the loan and who do not default on making the payments. This capability is reflected in your CIBIL score and certain other factors. Read on to understand the relevance of CIBIL and other factors for your HDFC personal loan application.
HDFC bank personal loan department understands your decision for availing a personal loan. As one of the best personal loan providers, HDFC personal loans are designed and packaged carefully with excellent features.
No matter what your purpose of the personal loan application, the procedure is swift, hassle-free and asks for minimum documents. The applicant can check eligibility in 60 seconds, and quickly apply for the loan online and get disbursal within 4 hours of loan approval. Also, existing HDFC bank clients can get lower interest rates and loan funds in their accounts for pre-approved loans within 10-15 seconds. Above all the applicants can protect themselves against any un-fateful event by choosing the accident and illness cover at very less premiums or avail specialised scheme that covers the remaining principal amount of your loan.
What are the personal loan rates of HDFC bank ?
The personal loan rates for HDFC bank range between 15.00% - 20.99 %
What if I have a low CIBIL score, will HDFC bank still give me a personal loan?
Having a poor credit rating is going to hurt your personal loan eligibility with HDFC bank.
Does skipping HDFC bank personal loan payment affect my CIBIL score?
Yes, it negatively impacts your CIBIL score.
I’ve had a loan settlement with HDFC bank, will it affect my CIBIL score?
Yes. It feasible for an applicant to attain multiple loans and also raise the credit limit on a card or re-finance a loan. All of this is subject to your previous repayments and current CIBIL score.