HOUSING DEVELOPMENT FINANCE CORPORATION
TITLE : RETAIL LOANS OF HDFC BANK.
NAME : GOKUL ANAND SELVARAJ
INTRODUCTION
Overview of HDFC Bank
• Established: 1994
• Headquarters: Mumbai, Maharashtra, India
• Founder: Hasmukh Bhai Parekh
• Type: Private Sector Bank
Key Highlights
•Extensive Network: Over 5,000 branches and 13,000 ATMs across India.
•Global Presence: Offices in Dubai, Hong Kong, and Bahrain.
•Strong Financial Performance: Consistent growth in revenue and profits.
•Technological Innovation: Leading in digital banking solutions.
Awards and recognition
•Recognized as India's Best Bank by various financial publications.
•Consistently ranked among the top companies in terms of market capitalization and customer
satisfaction.
Overview of retail
loan
•Retail Loans: Financial products designed for individual
consumers to meet various personal needs.
•Purpose: To provide customers with the necessary funds for
purchasing homes, vehicles, education, personal expenses, and
more.
•Minimal Documentation: Simplified documentation requirements
for ease of access.
•Quick Processing: Streamlined approval processes for faster
disbursement of funds.
Types of retail loans : Home Loan, Personal Loan, Car Loan, Two-
Wheeler Loan, Gold Loan, Education Loan, Loan Against Property,
Credit Cards and more.
Personal loans
Personal loans can be used for various purposes.
The loan amount ranges from Rs.50,000 to Rs.40 lakhs
It is based on employment status(salaried or self
employed).
The tenure of the loan is flexible, range from 3 months
to 72 months.
The interest rate starts at 10.75% to 24.00%(fixed
rate).
Processing fees is up to 4999 + GST.
Documents required – No documentation for pre-
approved personal loan.
For Non pre-approved – last 3 months bank
statements, 2 latest salary slip and KYC (Address proof
& identification proof).
Home loans
A home loan is a loan from a bank for construct,
buying, renovating or expanding a residential
property.
Interest rate range from 8.75% to 9.65% per annum.
Loan amount range from Rs.30.00 lacs to Rs.75 lacs.
Funding is 75% to 90% of the property cost.
Tenure for repayment is upto 30 years.
Tax benefits are available on principal and interest
components.
Processing fees is from 0.50% to 1.50% of the loan
amount, plus taxes.
Prepayment charges are nil for loans sanctioned to
individual borrowers.
Gold loans
A loan taken against your on gold or Jewellery is known as
gold loan.
Eligibility – age of 18 to 75 years. If above 75 years they need
co-applicant.
Documents required – one passport size photo, PAN card,
form 60, Aadhaar card and Agri allied document is for
agriculture customers.
Get loan in 45 minutes in near branches.
Rate of interest – 9.00% to 17.67% as per annum(Jan 24-
Mar’24).
Tenure – the loan tenure is 3 months to 36 months.
Processing fees upto 1% of disbursal amount with taxes.
Valuation fee – Rs.250 to Rs.575 with tax depending on loan
amount.
Prepayment charge – 1% of the principal amount
outstanding with tax.
Education loans
It is an unsecured loan. Money borrowed to pay for college or university
expenses, which needs to be repaid with interest after finishing school.
Loan amount - Get up to Rs.15 lakhs as an education loan. Avail loans of up
to Rs. 50 lakh without collateral for select Institutes.
Eligibility - Indian resident, between 16 and 35 years of age. Co-applicant is
mandatory for all full-time programs.co-applicant could be parent/guardian, or
spouse/parent in law.
Interest Rates Starting from 9.50% p.a.
Maximum upto 1% for loan amount >
Loan Processing Charges
Rs. 7,50,000/-
Legal / incidental charges At actual
Stamp Duty & other statutory charges As per applicable laws of the state
Documentation
• Academic – institute admission letter with fee breakup, SSC,HSC,
graduation marksheets.
• KYC – age proof, signature proof, identity proof, residence proof.
• Income documents – salaried, latest 2 month salary slip, 6 month bank
statement of salary account. Self employed – latest 2 year ITR with
computation of income, last 6 month bank statement, proof of
turnover(latest sales/service tax return).
• Completed application form, latest photo(signed across)
• Pre Payment – NIL, Loan cancellation charges – NIL
• Annual Percentage Rate offered to customer during the period of April'24 to June'24
Min APR Max APR Avg APR
9.00% 12.58% 10.79%
Two-wheeler loans
• Get up to 100% finance if you are an HDFC Bank account
holder for specific models, and avail attractive interest
rates.
• Eligibility - Individuals:
• Salaried or self-employed
• Age between 21 and 65 years
• Minimum monthly income of Rs 10,000
• Non Individual Entities: Registered non individual
entities like Partnership firms, Private Limited companies,
Limited companies etc.
• Identity proof : Aadhar, Pan card, pass port, driving
license, etc.
• Address proof : Electricity bill, telephone bill, etc.
Charges to avail a Two Wheeler Loan
Fee Amount to be paid
Starting from 14.5% basis vehicle segment
Interest Rate
and customer credit worthiness.
Upto 2.5% of the Loan Amount.
NIL Processing Fees for loan facility up to
Loan Processing Charges Rs. 5 Lakh availed by Micro & Small
Enterprises subject to URC submission
prior to disbursal
Stamp Duty & Other Statutory Charges As per applicable laws of the state
Documentation Charges Up to 2% of the loan amount
Registration Certificate (RC) Collection
Up to Rs 600/-
Fees
RTO Charges At Actual
New car loan
• Get up Up to 100% financing of the on-road price for select models.
• Interest – new cars – 7.95% and used cars 12.75%(pa).
• Eligibility - Individuals:
• Salaried or self-employed
• Age between 21 and 60 years.(who have had a job for at least 2 years,
with a minimum of 1 year with the current employer)
• Documentation - Identity proof : Aadhar, Pan card, pass port, driving
license, etc. Address proof : Electricity bill, telephone bills, etc.
• Previous 6 month of bank statement.
• Application - Online Application or branch visit.
• Repayment – tenure ranging from 12 to 84 months.
• Additional services – insurances, top-up loan,Etc.
Rates offered to customer during the period of April' 24 to June’ 24
Bank IRR
Product Min IRR Max IRR Avg IRR
AUTO LOAN 8.50% 11.80% 9.45%
Annual Percentage Rate offered to customer during the period of April' 24 to June' 24
April
Product Min APR Max APR Avg APR
AUTO LOAN 8.50% 11.80% 9.45%
Loan against property
Financing needs by leveraging the value of owned residential or
commercial property.
Eligibility Criteria:
Age: 21 to 65 years.
Income: Sufficient income to meet repayment obligations.
Property Ownership: Must own residential or commercial property.
High Loan Amount: Loans up to 65% of the property's market value.
Flexible Repayment Tenure: Up to 15 years.
Attractive Interest Rates: Competitive interest rates starting from
8.00% per annum.
Quick Processing: Fast approval and disbursement.
Documentation : Required documents include property documents,
ID proof, address proof, income proof, etc.
Rates offered to customer during the period of April' 24 to June’ 24
Loan Against Property (LAP) / Loan for
Charges Commercial Property (LCP) / Loan Against
Rent Receivables (LARR)
Rack Interest Rate Range Policy Repo Rate* + 3.00% to 4.50%= 9.50% to 11%
*Policy Repo Rate- 6.50%
Above mentioned interest rate is applicable on Operating Limit.
Interest rate of 18% p.a. will be levied on the amount utilized above
the Operating Limit of overdraft facility. (Applicable for DOD facility only)
Rack Fixed Interest 11.80% to 13.30%+
Rate Range *Option In pursuant to the circular No. RBI/2023-24/55
DOR.MCS.REC.32/01.01.003/2023-24 in case of increasing interest rates of
term loans and for borrowers with personal end use facility . Same can be availed of
once in during the loan tenor.
Loan Processing Maximum of 1% of loan amount (* Minimum PF of Rs.7500/-)
Charges*
CONTACT DETAILS
Head Office Address: HDFC Bank House, Senapati Bapat Marg,
Lower Parel (West), Mumbai 400 013, Maharashtra, India.
Customer Care Toll-Free Numbers: General Inquiries: 1800 202 6161
Credit Card Inquiries: 1800 266 4332
Email : For general queries:
[email protected]For credit
cardqueries:
[email protected] Website: www.hdfcbank.com
•Social Media:
•Facebook: HDFC Bank on Facebook
•Twitter: @HDFCBank
•LinkedIn: HDFC Bank on LinkedIn
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