5 Reasons to Get XPRESS Personal Loan from HDFC Bank
12 January, 2025
Synopsis
- Getting XPRESS Personal Loan from HDFC Bank is a convenient and straightforward process.
- Some reasons to get XPRESS Personal Loan from HDFC Bank include no physical documentation, quick approval, substantial loan amount, digital process, and convenient repayment.
- HDFC Bank solves the issue of gathering funds quickly, especially in emergencies and compelling circumstances.
Emergencies and sudden expenses crop up at any time. It is hard to prepare for them despite your best efforts. Sure, you can set aside your savings, but it is not always sufficient. A Personal Loan can help you in such situations. HDFC Bank simplifies the process of getting a Personal Loan and helps you achieve your goals and fund your expenses. Read on to learn about the reasons to get a Personal Loan from HDFC Bank.
5 Reasons to Get XPRESS Personal Loan from HDFC Bank
Here are some compelling reasons to get a Personal Loan from HDFC Bank:
No Physical Paperwork
You need not indulge in a lot of paperwork to get a Personal Loan from HDFC Bank. The documentation process is simplified to include basic documents like your identity, address, and income proof. You can upload all of them online, further saving the hassle.
Get Fast Approval
Time is of the essence in case of sudden expenses. HDFC Bank understands this and approves your loan swiftly, typically within 4 days if you meet the eligibility requirement. As a pre-approved HDFC Bank customer, the process gets done as soon as 10 seconds.
More Borrowable Amount
One of the top reasons to get a Personal Loan from HDFC Bank is the considerable loan amount. You can get a loan of up to ₹40 Lakh if you fulfil the eligibility criteria of a decent income, debt-to-income ratio and a good credit score.
Apply Entirely Online
You can apply for an HDFC Bank XPRESS Personal Loan within a few clicks. All you need to do is provide your phone number, date of birth or PAN to validate your identity. Next, you can choose the loan amount, provide additional eligibility details and submit documents online.
Repay Conveniently
You enjoy a flexible repayment on XPRESS Personal Loan from HDFC Bank. The repayment tenure ranges from 12 months to 5 years, and the EMI amount goes as low as ₹2,162 per lakh. With the stretchable tenure and manageable EMI, you are all set to repay the loan comfortably.
Make a Smart Choice: Choose HDFC Bank for Personal Loan
Having discovered the many reasons to apply for a Personal Loan from HDFC Bank, it is clear that financing solution is a practical and accessible option. No more worries about asking your family or friends or running around trying to rake up the little savings you have. You can now easily fulfil your varied needs, ranging from medical emergencies to vacations with HDFC Bank XPRESS Personal Loan with a straightforward process.
FAQs
Why should I choose HDFC Bank for a Personal Loan?
You should choose HDFC Bank for a Personal Loan as it simplifies the process, gives you a substantial amount, has minimal eligibility criteria, and disburses the funds swiftly.
What are the benefits of an HDFC Bank XPRESS Personal Loan?
The many benefits of an HDFC Bank Personal Loan include quick application, digital documentation, instant disbursal and convenient repayment.
How to apply for an HDFC Bank XPRESS Personal Loan online?
You can apply for HDFC Bank Personal Loan online within a few seconds by providing basic details like registering your identity with your mobile number and date of birth or PAN number. You can then check your eligibility, choose the loan amount, submit documents and then, receive the loan amount in your account.
What are the required documents to apply for an HDFC Bank XPRESS Personal Loan?
You need basic documents like your identity or address proof, bank statement for the last 3 months, and two latest salary slips or salary certificates with the latest form 16 to apply for an HDFC Bank Personal Loan.
How long does it take to get an HDFC Bank XPRESS Personal Loan?
If you are a pre-approved HDFC Bank customer, you can get an HDFC Bank Personal Loan in 10 seconds. Otherwise, the process typically gets done in 4 hours if you meet the eligibility criteria.
What are the interest rates on HDFC Bank XPRESS Personal Loan?
The interest rate on HDFC Bank XPRESS Personal Loan ranges between 10.85% to 24% for salaried employees.
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*Disclaimer: Terms and conditions apply. The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Personal Loan at the sole discretion of HDFC Bank Limited. Loan disbursal is subject to documentation and verification as per Bank's requirement. Interest rates are subject to change. Please check with your RM or closest bank branch for current interest rates.
