Being a salaried employee where should I get a personal loan from?

Being a salaried employee, you can get a personal loan from almost all lenders. As you can get a personal loan
from all lenders why not choose a lender that offers you the best deal. If you are a salaried person and have a
regular income, you can get the best deal from HDFC Bank personal loan.  

HDFC Bank personal loan 

HDFC Bank is the largest private sector bank in India. It offers personal loans for salaried borrowers with unmatched features and benefits. They can get HDFC Bank personal loan online with a short and simple loan application process. After applying for the loan, borrowers can check the HDFC personal loan status online. HDFC Bank approves personal loan applications in just 10 seconds for existing customers and within 4 hours for other customers. 

Why should salaried persons get HDFC Bank personal loan?

• Easy documentation: HDFC personal loan documentation process is very simple, fast and short. A few

documents are required to get a personal loan from the HDFC Bank. KYC documents like address proof,

identity proof, income proof and credit score are required. Pre-approved Customers may not need to

complete the paperwork for applying for a personal loan. 

• Collateral free: HDFC personal loans are collateral-free. Hence, borrowers don’t need to submit any assets

to get the loan from the bank. The bank looks at the income of an applicant, cash flow, the company they

are employed with to decide their eligibility for a personal loan. HDFC Bank customers need to go under

nominal formalities. 

• Instant disbursal: The entire loan process is digital at HDFC Bank. Existing customers of the bank can get a

pre-approved personal loan in only 10 seconds. Whereas, eligible non-HDFC banking customers can get a

personal loan within 4 hours. 

• Lower interest rates: When compared with other banks, HDFC personal loans have lower interest rates. Eligible employees with a good credit score, good income, stable job and good

relation with the bank can qualify for a personal loan at more favourable terms. 

• Flexible and easy repayment terms: The bank offers a personal loan for a flexible loan tenure ranging

from 12 to 60 months and with EMI starting from as low as Rs 2,187 per lakh. 

• No restriction on the use of the loan amount: There is no restriction on the end use of HDFC Bank

personal loans – whether an exotic vacation, wedding, appliance and gadgets, home renovation, medical

expenses, business investment, and much more, borrowers can use the loan amount. 

• Balance transfer benefits: The bank offers personal loan balance transfer benefits for borrowers who

have a personal loan with another lender. They can transfer their loan from the current lender to HDFC

Bank and enjoy the following benefits. 

1. Low interest rate starting from 11.49% 
2. Flat processing fee of Rs. 3999 

Use HDFC personal loan EMI calculator to figure out the benefits, balance transfer charges and compare rates. You can also check the HDFC personal loan status any time online.