Personal Loan

A personal loan is a loan that does not require collateral or security and is offered with minimal documentation. You can use the funds from this loan for any legitimate financial need. Like any other loan, you must repay it accordance to the agreed terms with the bank. Normally this can include a few months to a few years in easy equated monthly instalments.

You are free to use the funds you get from a personal loan any way you wish – fund a holiday, buy a gadget, pay for medical treatment, use on home renovation, spend on a wedding, finance your children’s education, etc. You must repay the loan in equated monthly instalments (EMI), which will depend on factors such as loan amount, tenure and interest rate.

You can get a personal loan very quickly. HDFC Bank offers pre-approved personal loans to its customers in 10 seconds*. Others can get funds in as little as 4 hours*.