HDFC Bank Personal Loan Review
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3 Comments
HDFC Bank was incorporated in 1994. It was promoted by the Housing Development Finance Corporation. It is amongst the top private sector banks in India.
Loan amount
The maximum loan amount is upto 15 lacs. This is among the higher upper limits in the market.
Interest rate
The interest rate ranges from 14.5% to 16.5% depending on the customer profile and loan amount. The rate is competitive without being too low or high.
Charges
The processing fees are 2.5% of the loan amount. This is slightly higher than the market average. The prepayment charges are 4% of the outstanding amount. These are quite high and are a deterrent for people looking to repay their loans ahead of schedule.
Tenure
The loan tenure ranges from 1 year to 5 years which is more or less the industry standard.
Ratings
Reputation: 3/5
Loan amount: 3.5/5
Interest rate: 3/5
Charges: 2/5
Tenure: 2.5/5
Overall: 2.75/5
Published on August 6, 2010 · Filed under: HDFC Bank Personal Loan;
3 Responses to “HDFC Bank Personal Loan Review”
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pundalik b. patil said on February 24th, 2012 at 3:17 pm
please give me personal loan 2 lakh rs
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suraj prakash said on February 25th, 2012 at 9:13 am
plz solve my problem
Regards
suraj prakash -
Manish said on May 9th, 2012 at 4:36 pm
Dear Friends,
In lieue of the transparency and business conduct and malpractices from HDFC loan.
Same thing happened with me as well regarding the committed rate of interest and duration for disbursal.
When I denied to sign the disbursal loan agreement, surprisingly they asked me for processing fee. When I denied again they told me to issue the legal notice.So, this is the kind of customer handling and business practices they are following.
Mr. Krunal and Mr. Ganesh (Both refered as Mgrs to me) were the culprits and i was the victim. Anyhow I avoided to get caught into thier net.Please avoid HDFC loans. They are genuine fraudesters and non professional fellows with no sense of business conducts.
Be aware of these fraudesters. I am posting the name and details to bring into notice of HDFC bank about their super heroes of their leagacy:
HDFC Personal loan department, Pune (Mah)-Thanks,
Manish
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