What is the rate of interest for personal loan in HDFC Bank?
What is the rate of interest for personal loan in HDFC Bank?
HDFC Personal Loan Interest Rates
| Particulars | Salaried/Self Employed |
|---|---|
| Interest Rate | 10.50% to 21.50% p.a. |
| Processing Fee | 2.50% of the loan amount (Min Rs.2,999 & Max. Rs. 25,000) |
| Loan Tenure | 1 year to 5 years |
| Loan Amount | Rs. 50,000 to Rs.40 lakh |
What is the interest for 5 lakh loan in HDFC Bank?
10.50%
HDFC Bank Personal Loan EMI for ₹ 5 Lakh
| Loan Amount | Interest Rate | EMI |
|---|---|---|
| ₹ 5,00,000 | 10.50% | ₹ 23,188 |
| ₹ 5,00,000 | 10.50% | ₹ 16,251 |
| ₹ 5,00,000 | 10.50% | ₹ 12,802 |
| ₹ 5,00,000 | 10.50% | ₹ 10,747 |
Is HDFC personal loan interest rate fixed or floating?
Floating Interest Rates Personal Loan typically mean that the interest rate can change during the loan tenure due to types of lending rates….Comparison of Fixed Rate Personal Loans.
| Banks/NBFCs | Interest Rates (per annum) | |
|---|---|---|
| HDFC Bank | 10.25% – 21.00% | Apply Now |
| SBI | 9.60% – 13.85% | Apply Now |
How can I reduce my HDFC personal loan interest rate?
You can reduce the interest to be paid on HDFC Bank personal loan by any of following ways: (i) Maintaining a good CIBIL score. (ii) By showing all proofs of income. (iii) By maintaining a good debt to credit ratio. (iv) Applying at peak time when HDFC Bank provides discounted personal loan offers.
What is the EMI for 7 lakh personal loan?
Personal Loan EMI Details for INR 7 Lakhs Loan Amount
| Loan Amount (In ₹) | Interest Rate (in % per annum) | Monthly Installments (EMI In ₹) |
|---|---|---|
| 7,00,000 | 10.75 | 32544 |
| 7,00,000 | 10.75 | 22834 |
| 7,00,000 | 10.75 | 18007 |
| 7,00,000 | 10.75 | 15133 |
Which bank has lowest interest rate on personal loan?
Compare Personal Loan Rates
| Company | Current APR range | Loan amounts |
|---|---|---|
| Marcus | 6.74% to 19.74% (with autopay) | $3,500 to $40,000 |
| PenFed | 5.99% to 17.99% | $500 to $20,000 |
| U.S. Bank | 6.49% to 18.99% (with autopay) | $1,000 to $50,000 |
| Wells Fargo | 5.74% to 20.99% (with autopay) | $3,000 to $100,000 |
Can I close personal loan early HDFC?
HDFC Bank enables a personal loan borrower to make a pre-closure or a pre-payment of loan. However, you will be able to prepay your HDFC personal loan only after 12 months after you have procured your loan and after paying 12 EMIs plus the foreclosure charges that may be applicable.
Can I pay extra EMI for personal loan HDFC?
Yes, you can pay more than the regular EMI. The excess amount will not only decrease your principal outstanding, but also reduce your interest burden.
What is the monthly EMI for 10 lakhs personal loan?
EMI for Personal Loan of Rs 10 lakh for Tenures of 1-5 years
| Loan Amount (Rs) | Tenure (years) | EMI (Rs) |
|---|---|---|
| 10 lakh | 1 | 88,382 |
| 10 lakh | 2 | 46,608 |
| 10 lakh | 3 | 32,739 |
| 10 lakh | 4 | 25,846 |
How much loan I can get if my salary is 25000?
How much personal loan can I get on a ₹25000 salary? According to the Multiplier method, on a salary of ₹25000, you can get a loan of ₹6.75 lakhs for 5 years. Going by the Fixed Obligation Income Ratio method, if you have monthly EMIs of ₹3000, you will be eligible for an amount of ₹5.89 lakhs.
Which bank gives the cheapest personal loan in India?
Cheapest personal loans
| BANKS | Personal Loan Amount | RoI (%) |
|---|---|---|
| City Union Bank | >=5000 and <=5 Lacs | >=9.50% |
| Punjab National Bank | Upto 10 Lacs | 7.90% – 14.45% |
| IDBI Bank | >=25000 and <=5 Lacs | 8.15% – 14.00% |
| Union Bank Of India | >=5 Lacs and <=15 Lacs | 8.90% – 13.00% |