HDFC Bank offers you a great opportunity to get a lump sum amount. What’s more, you don’t even have to provide any collateral as it comes to you as a personal loan. Well, HDFC Bank allows you to borrow a maximum of INR 40 Lakh collateral-free. And the interest rates are also attractive starting at 10.25% per annum. With such an affordable and instant loan, you can easily meet your travel expenses. As you know, in summer vacation, families demand a good trip to the mountains or beach. Travel helps us relax and break the monotony we get into living our busy life. But it can be expensive. To ensure that it doesn’t put much strain on your pocket, borrow HDFC personal loan for travel and repay the same in easy monthly instalments. Read the page further to know how the loan will fare.
Travel Expenses & HDFC Bank Personal Loan
You get a loan limit under which you can easily afford the flight, hotel and other services for an enjoyable vacation. Don’t need to worry about the repayment as the same will not start right away. On your loan document check the start date of the EMI payment. And the EMIs are easy to afford. Using the HDFC Bank online tools, you can easily set a suitable repayment for your loan.
How to decide on the loan amount?
Use the HDFC Bank Personal Loan Eligibility Calculator, which seeks a few details before arriving at the loan amount you could grab from the bank. Hopefully, that would help you fulfill your travel goals. To use the tool, follow these steps on the official website of HDFC Bank –
- Go to ‘Product’ and select ‘personal loan’
- Now, you’re redirected to the personal loan page where you can see the eligibility calculator button on the sidebar
- Click on the calculator icon
- Provide details like – company name, net monthly salary, total work experience, age, EMI and tenure.
- Now, you can see the maximum loan amount you can borrow
This is a great tool for comparing loan offers as well if you’re confused between two lenders.
HDFC Bank Personal Loan EMI Calculator Helps Plan Repayment Post Vacation
Plan your repayment with the HDFC Bank Personal Loan EMI Calculator. It helps you know beforehand the EMI and interest you will pay to HDFC Bank. There lies your job to keep a tenure in a way that you can curtail interest and ensure the EMIs are affordable every month.
Check out this example to understand this tool working
Sneha has been trying to get herself a relaxing vacation. But due to her tight financial situation, she isn’t able to do the same. So, she decides to borrow an HDFC Bank personal loan. She gets a loan limit of INR 6 Lakh from HDFC Bank. but before proceeding with the loan application, she uses the EMI calculator.
Post inserting the loan details like loan amount (INR 3 Lakh), interest rate (15.00% per annum) and tenure (36 months), she gets the EMI and interest payout of INR 10,400 and INR 74,386, respectively.
Documents Needed for an HDFC Bank Personal Loan
You just need a KYC and income proof to borrow the loan amount. Take a look at the documents below –
- KYC proof – Aadhaar Card, Voter ID Card, PAN Card, Passport, Driving License
- Income proof – Salary slip and bank statement
Upload these documents and wait for the bank’s approval. You’ll receive the loan approval on your registered email or mobile.
So, after reading this article, if you’re convinced that HDFC Bank personal loan is the best product for your vacations, visit the bank branch or its official website to apply for the loan and to check the HDFC Personal loan interest rate, users prefer the online application as it doesn’t require any human contact and is easy to do.
