FAQs
What happens if I miss out on paying EMI of my HDFC personal loan? If you miss out on paying your HDFC bank personal loan EMI, then you will have to pay Rs. 550 as cheque bounce charge along with the EMI amount. How to pay EMI of HDFC bank personal loan?
What is the charge of HDFC Personal Loan Cheque bounce charges? ›
What happens if I miss out on paying EMI of my HDFC personal loan? If you miss out on paying your HDFC bank personal loan EMI, then you will have to pay Rs. 550 as cheque bounce charge along with the EMI amount. How to pay EMI of HDFC bank personal loan?
What is the interest rate of HDFC loan per annum? ›
Personal Loan Annual Percentage Rate
The Annual Percentage Rate (APR) is a method to compute the annualised credit cost, which includes the interest rate and the processing fee. The APR Calculator does not include charges such as Prepayment Charges, etc.
What is the interest charge on a Personal Loan? ›
According to a Bankrate study, the average personal loan interest rate is 12.21 percent as of May 22, 2024. However, the rate you get depends on various factors including your credit score, the type of lender you apply with and even where you live.
What is the late payment charges for HDFC Personal Loan? ›
Penalties – HDFC Bank charges late fees as penalties for individuals who miss their EMI payments. The amount charged could vary but is usually around 1% -2% of the EMI that is due. CIBIL™ Score – One of the immediate consequences of defaulting on personal loan payments is a decrease in the credit score.
What is the current HDFC personal loan interest rate? ›
How do I avoid a cheque bounce charge? ›
How to Avoid Cheque Bounce Charges
- Maintain sufficient funds: Maintain adequate funds in your account while drawing a cheque to avoid inconvenience. ...
- Avoid mistakes: Make a special request with the bank if you're unsure about the signature you have registered with the bank to avoid any mistakes.
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.
Which bank is better for a Personal Loan? ›
Top performing personal loans in India
| Sr.No. | Personal Loan Plans | Interest Rates |
|---|
| 1 | HDFC Bank Personal Loan | 10.50% p.a. onwards |
| 2 | ICICI Bank Personal Loan | 10.50% p.a. onwards |
| 3 | Bajaj Finserv Personal Loan | 13.00% p.a. onwards |
| 4 | Fullerton India Personal Loan | 11.99% p.a. onwards |
6 more rowsMar 1, 2024
What is HDFC Bank FD ROI for 10 lakh deposit for 1 year? The interest from the HDFC Bank FD calculator for 10 lakh deposit for 1 year will be INR 68,034. The maturity value will be INR 10,68,034.
The average personal loan interest rate for consumers with good credit (690 to 719 credit score) is currently 14.87%, according to aggregate, anonymized offer data from users who pre-qualified for a personal loan through NerdWallet.
What are personal loan fees? ›
A personal loan origination fee is a one-time fee charged by a lender in order to evaluate your application and disburse the funds to your account.
Can I pay off a personal loan early? ›
In most cases, you can pay off a personal loan early. Your credit score might drop, but it will typically be minor and temporary. Paying off an installment loan entirely can affect your credit score because of factors like your total debt, credit mix and payment history.
What is the maximum period of HDFC personal loan? ›
Enjoy competitive interest rates, borrow up to Rs.40 Lakh, and benefit from a flexible tenure of up to 5 years. With minimal documentation and quick approvals, HDFC Bank Personal Loan helps you fulfill your dreams. Apply now!
What is the extra payment for HDFC personal loan? ›
Partial premature payment is allowed up to 25% of Principal Outstanding, only once in the financial year and twice during the loan tenure. 13-24 months - 4% of part payment amount, Partial premature payment is allowed post payment of first EMI. Post 01 EMI and up to 24 EMI repayment - 4% of part payment amount.
How many types of loans are there in HDFC Bank? ›
All of this will only add to your stress, especially when you need urgent funds. HDFC Bank's QuickLoanShoppe is your one-stop-shop for availing different kinds of loans such as a car loan, two-wheeler loan, gold loan and personal loan.
What is the penalty for check bounce in HDFC? ›
550 plus Service Tax. To avoid these fines, you can set a future date on the cheque and ensure that there are adequate funds in the account to prevent a cheque bounce. However, another option would be to carry out your transaction via online payments or NetBanking.
What is the charges for loan cheque bounce? ›
Cheque Bounce Charges of Top Banks
₹500 for NACH Returns₹50 for mismatched signs, post-dated, etc. Note that all these charges are exclusive of GST and other taxes applicable. Also, these fees may vary at the discretion of the bank.
What is HDFC EMI bounce charge? ›
Non-Payment or partial payment of EMI outstanding will attract a late payment penalty of Rs. 550 + GST @ 18% (subject to change as per Govt. instruction) irrespective of the EMI outstanding, subject to a minimum of Rs 354 (300 plus GST@18%).
What is the fee for bounce check? ›
Merchants can also charge a bounced check fee; they typically cost $20 to $40. You could face other consequences for bouncing a check, including being put in a database that monitors people who bounce checks or having the bank close your account.
