Get Rs. 8 Lakh Loan Online

A financial need or emergency does not always come with a warning. There may come a time when you may find yourself in need, not able to see an obvious way out of a cash crunch problem. HDFC Bank is there to help you in these difficult times. Our Personal Loan is a convenient solution to your financial challenges, and you can use it to meet a diverse set of financial needs. Whether it is a wedding, children's higher education, sudden medical bills, or plans to revamp your home, a customised personal loan is available.

With HDFC Bank, you can take the following steps to get ₹8 lakh loan.

Step 1: Assess Your Requirement

Figure out why you require a personal loan. You may apply for this loan to pay for a wedding, fix your house, or go abroad. Check if you can budget for the EMIs in the future. If you’re satisfied with these factors, proceed.

Step 2: Check Loan Eligibility

Once you are clear on your requirements, find out if you qualify. Employ the HDFC Bank Personal Loan Eligibility Calculator online to check your borrowing limit. HDFC Bank provides loans of up to ₹40 lakh.

Step 3: Calculate Monthly Instalments

Try an online EMI calculator to work out your estimated monthly repayments. You can tweak the interest rate and loan duration to suit your income. HDFC Bank offers budget-friendly EMIs on Personal Loans, beginning at ₹1,878 per lakh.

Step 4: Approach the Bank

You can apply for this loan in several ways: through NetBanking, on the website, at an ATM, or by visiting a branch. Existing HDFC Bank customers can receive a pre-approved loan in just 10 seconds. Other applicants can expect a loan within 4 working days, depending on documentation and verification.

Step 5: Submit Documents

The last step is determining which documents are needed for a Personal Loan. Typically, you must provide income proof (like bank statements, salary slips, or IT returns), address proof, and ID proof. Submit copies of these documents to the bank. After verification, the funds will be deposited into your bank account.

• Attractive Interest Rates: HDFC Bank offers appealing interest rates on personal loans, ranging from 10.75% to 24.00%. These rates are fixed for the overall loan term, making them budget-friendly for borrowers.
• High Loan Limits: You can obtain up to ₹40 lakh with HDFC Bank’s personal loans. This substantial amount can help with various expenses, such as home renovations, wedding costs, or other significant financial needs.
• Flexible Repayment Options: HDFC Bank offers repayment tenures from 3 to 72 months, allowing you to choose a schedule that best suits your financial situation.
• Fast Fund Disbursal: Existing HDFC Bank customers with pre-approved loans can receive funds in just 10 seconds. Other borrowers can get their loan within 4 working days, depending on documentation and verification.
• Minimal Documentation: The loan process is simplified with minimal documentation. Non-pre-approved customers must provide the last 3 months of bank statements, 2 recent salary slips, and KYC documents.
• Insurance Coverage: HDFC Bank offers optional insurance like Personal Accident Cover and Critical Illness Cover, providing additional financial security in unexpected situations.

The best part about HDFC Bank's Rs 8 lakh loan - there are no hidden charges. The HDFC Bank Personal Loan comes with no end-use restriction. You can use the money to fund any number of personal needs. To be eligible for a ₹8 lakh loan, an individual must be at least 21 and not over 60. Our Personal Loan product is available to salaried employees with a minimum salary of 25k.

So now that you know the wide range of features and benefits you get on a ₹8 lakh loan from HDFC Bank, why wait? Get a ₹8 lakh loan right away and Live Your Way. Apply for an HDFC Bank Personal Loan here.

Looking to apply for a 7 lakh Personal Loan? Click here to read more.

*Terms and conditions apply. Personal Loan at the sole discretion of HDFC Bank Limited. Loan disbursal is subject to documentation and verification as per Banks requirement.