Personal Loan - Apply for Instant Personal Loans Online up to Rs.40 Lakh | HDFC Bank (2024)

FAQs

Which bank gives the fastest personal loan? ›

Santander Bank is the best option for quick personal loans because it offers approval as soon as the same day you apply and funding as soon as the same day you are approved. You can also borrow $5,000 - $50,000 without paying an origination fee and with an APR as low...

You can get a loan of anywhere between Rs 50,000 to Rs 40 lakh under a Personal Loan for salaried employees from HDFC Bank.

Due to use of extensive use of technology HDFC bank is in a position to offer HDFC 10 Seconds personal loan with very short turnaround time. For its preapproved customer HDFC bank promises to credit the amount of HDFC 10 Seconds personal loan to the applicant's bank account within 10 seconds.

Eligibility Criteria Of Personal Loan for ₹10 Lakhs

⦁ Age: Applicants should fall within the age bracket of 21 to 60 years. ⦁ Minimum Monthly Income: ⦁ For Kotak Bank Salary Account holders: A minimum net monthly income of ₹ 25,000.

Download an instant loan app that offers a small cash loan facility. The application is simple, involving few easy steps with paperless documentation, zero collateral and minimal eligibility criteria. All these benefits speed up the process, enabling instant loan approval in 1 hour.

Payday, car title and pawn shop loans, as well as credit card cash advances, can offer same-day funding. Some personal loan lenders also offer more or less instant approval and funding. Applying for a personal loan online will likely be the most secure, fastest and easiest way to get a loan.

HDFC Bank offers you a Personal Loan that can amount up to Rs. 40 lac, for a tenure ranging from 12-60 months with easy EMI repayments starting from Rs. 1878 per lac. An efficient loan process makes everything easier when looking for a Personal Loan.

HDFC Bank usually disburses personal loan within 4 working days from the date of application. It also offers pre-approved instant personal loans to select customers where the funds are disbursed in just 10 seconds, with no documentation.

Ghost loans are the ones that are fake loans documented in the loan books and exist only on paper. The challenges of ghost loans can crash an individual's credit report and erupt into the public domain when people realise that their credit scores have dropped.

What is instant approval personal loan? ›

Quick loans are typically offered by online lenders and provide same or next-day approval and funding. A quick personal loan is a way to cover unforeseen expenses like: Car repairs. Emergency home repairs. Unexpected medical bills.

Use Collateral To Secure The Loan

If your credit score is lower than you need it to be, you could consider a secured loan. The inclusion of collateral makes secured loans easier to get approved for, as it assures the lender they'll get their money back one way or another – even if you default on the loan.

Earning 10 lakhs rupees in one day is not achievable as it is an unrealistic amount of money. It would require an extraordinary set of circ*mstances, such as winning a lottery, or a large business transaction.

10.60% p.a. to 13.10% p.a.