Close Menu
News EngineNews Engine
  • Business
    • News
    • Finance
    • Automobile
  • Technology
    • Gaming
    • Tips & Tricks
  • Digital Marketing
    • Social Media
    • Digital Currency
  • Education
  • Fashion
    • Lifestyle
  • Health And Fitness
    • Food
    • Travel
  • Entertainment
    • Sports
    • Movies
    • Music
  • General
    • Real Estate
    • Home Improvement
    • Featured
    • Hotel And Resort
    • Pet And Wildlife

Subscribe to Updates

Get the Latest Creative News from News Engine about Business, Technology and World Trends.

Don't Miss

Need Digital Marketing Services? Discover the Best Options!

January 29, 2024

Payroll Power: How Your Job Can Unlock Loan Advantages

January 25, 2024

What Are the Admission Requirements for an MBA Program in the UK?

January 23, 2024

Navigating Work Passes Singapore A Guide to Employment Authorization

January 19, 2024

Unlocking Opportunities: Navigating the Dynamic Landscape of Recruitment Agency Services in Singapore

January 2, 2024
Load More
Facebook X (Twitter) Instagram Pinterest LinkedIn RSS
  • About Us
  • Contact Us
  • Write For Us
  • Guest Post
  • Privacy Policy
  • Terms And Conditions
Facebook X (Twitter) LinkedIn Instagram Pinterest RSS
News EngineNews Engine
Write For Us
  • Business
    1. News
    2. Finance
    3. Automobile
    Featured
    Business

    Navigating Work Passes Singapore A Guide to Employment Authorization

    By News EngineJanuary 19, 20244 Mins Read
    Recent

    Navigating Work Passes Singapore A Guide to Employment Authorization

    January 19, 2024

    Unlocking Opportunities: Navigating the Dynamic Landscape of Recruitment Agency Services in Singapore

    January 2, 2024

    Unlocking Success: Key Performance Indicators for Startup Success

    November 10, 2023
  • Technology
    1. Gaming
    2. Tips & Tricks
    Featured
    Technology

    Advanced SEO Can Revitalize Your Lead Generation Strategy

    By News EngineAugust 31, 20234 Mins Read
    Recent

    Advanced SEO Can Revitalize Your Lead Generation Strategy

    August 31, 2023

    Instagram Story Viewer: Everything you need to know

    June 7, 2023

    What is the Difference Between React And React Native?

    November 18, 2022
  • Digital Marketing
    1. Social Media
    2. Digital Currency
    Featured
    Digital Marketing

    Need Digital Marketing Services? Discover the Best Options!

    By News EngineJanuary 29, 20248 Mins Read
    Recent

    Need Digital Marketing Services? Discover the Best Options!

    January 29, 2024

    How to Price PPC Services: Step-by-Step Guide

    November 18, 2022

    eCommerce PPC: A Beginner’s Guide To Start

    November 8, 2022
  • Education
    Featured
    Education

    What Are the Admission Requirements for an MBA Program in the UK?

    By News EngineJanuary 23, 20247 Mins Read
    Recent

    What Are the Admission Requirements for an MBA Program in the UK?

    January 23, 2024

    If You’re Thinking About Studying MBBS in Uzbekistan, Read This First

    July 13, 2023

    Why do we Call Math as the Cornerstone to a Good Education?

    June 6, 2023
  • Fashion
    1. Lifestyle
    Featured
    Fashion

    Check Out Our Guide To The Latest Designs of Gold Mangalsutra With Prices

    By News EngineSeptember 12, 20234 Mins Read
    Recent

    Check Out Our Guide To The Latest Designs of Gold Mangalsutra With Prices

    September 12, 2023

    How Do You Edit a Picture of Jewelry?

    October 21, 2022

    Summer Fashion: All You Need to Know About Leopard Prints for Summer 2022

    September 26, 2022
  • Health And Fitness
    1. Food
    2. Travel
    Featured
    Health And Fitness

    A Comprehensive Exploration of the Diverse Landscape of ABA Therapy in Hong Kong.

    By News EngineDecember 3, 20233 Mins Read
    Recent

    A Comprehensive Exploration of the Diverse Landscape of ABA Therapy in Hong Kong.

    December 3, 2023

    A Personal Journey: ABA Therapy Success Stories in Hong Kong

    December 2, 2023

    Say Goodbye to All the Gynecology Conditions

    August 22, 2022
  • Entertainment
    1. Sports
    2. Movies
    3. Music
    Featured
    Entertainment

    Erome: Features, Uses, Benefits, Pros & Cons, and Account Signup Guide

    By AdminMay 4, 20236 Mins Read
    Recent

    Erome: Features, Uses, Benefits, Pros & Cons, and Account Signup Guide

    May 4, 2023

    How to Get Tickets For Your Favorite Team: Things You Need to Know

    August 10, 2022

    IFVOD TV: Complete Details With Features, Reviews & Uses

    August 2, 2022
  • General
    1. Real Estate
    2. Home Improvement
    3. Featured
    4. Hotel And Resort
    5. Pet And Wildlife
    Featured
    General

    Petrolheadonism Live 2023: Elevating “Supercar Service” to New Heights

    By News EngineJuly 24, 20233 Mins Read
    Recent

    Petrolheadonism Live 2023: Elevating “Supercar Service” to New Heights

    July 24, 2023

    Tips to Find Out the Best CV Creator

    April 5, 2023

    Eureka Typhon Chair: Is it The Right Fit For You as a Gamer?

    December 7, 2022
News EngineNews Engine
Home»Finance»Manage HDFC Personal Loan Interest Payments with These Easy Tips
Finance

Manage HDFC Personal Loan Interest Payments with These Easy Tips

By News EngineMarch 1, 2022No Comments4 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email Reddit WhatsApp
HDFC Personal Loan
hdfc personal loan
Share
Facebook Twitter LinkedIn Pinterest Tumblr Reddit

HDFC Personal Loan Interest Rate commences from 10.25% per annum. And if you want this lowest rate on your borrowed amount, you need to assure the bank that you’re capable of repayment. And how to do that? You will need to build your credibility with high income and impeccable repayment records of credit cards and loans.

You may ask – Do I get preferred for a lower rate if I am an existing customer? Yes, that may be the case if you have a good relationship with the bank. And good in the sense that you have repaid all the loans or bills timely without penalty and maintained your savings or salary account. Read this page and know about the factors that’ll help decide your HDFC personal loan interest rate.

What is HDFC Personal Loan Interest Rate?

It is a percentage of the amount that you’ll pay above the borrowed money. The bank will charge this rate based on your creditworthiness. The more you are worthy of borrowing a loan amount, the less will be the interest rate. And vice versa will be the case for some applicants.

How to Get the Lowest HDFC Personal Loan Interest Rate?

You can get some relaxation on HDFC personal loan interest rate if you take care of the following –

Monthly Income Available for EMI Payments

Your minimum income should be at least INR 25,000 if you want a personal loan from HDFC Bank. And that income may not help you in getting a lower rate of interest. So, apply for an HDFC personal loan only if your income is more than its minimum criterion. Because if you barely meet its eligibility, it means the loan amount won’t be high, the interest rate could be more. The higher rates will only make it challenging for you to sustain your day-to-day expenses.

Previous Repayment Record That Can be Either Be Helpful or Bad for Your Loan Application

If you have borrowed loan or credit cards, a credit score is built based on your payment and money utilization. A credit score represents the repayment capability of an individual, if the score is 750 or more, the applicant is considered highly eligible for a loan.

So, do check your credit score and use it to lower the HDFC personal loan interest rate by as much as you can. If the HDFC personal loan is your first loan, you may not have a credit score for it to evaluate. At such times, HDFC Bank can sanction loans based on your salary or savings account with it.

Current Obligations Such as Credit Card Bills, Loan EMIs

When you have ongoing loans or credit card bills, it would be difficult for HDFC Bank to lend you money at a lower rate. Because there is already too much in your hand and you might default on the EMIs. So, HDFC Bank would most likely charge a high rate of interest.

Moreover, the HDFC Personal EMI and other obligations are putting you in a tricky position, consider applying along with a co-borrower. Here, the loan repayment obligations will be split among both of you. You can make your wife, father, mother, son, daughter a co-borrower. Remember, the co-borrower must earn the amount needed by HDFC Bank for a personal loan.

Is There Any Tool That Can Help You Manage HDFC Personal Loan Interest Payouts?

Yes, by using the personal loan EMI calculator, you can find out the total amount payable in respect of interest. To use this calculator, you need to follow the below instructions –

  • Visit the official website of HDFC Bank
  • Go to the borrow section and select ‘personal loan’ from the dropdown
  • On the page, you can see the EMI calculator
  • Now, all you need to do is enter your loan amount, interest rate, and tenure
  • Click on the ‘Calculate’ button

Let’s check out the below example and see how we can reduce our interest component by choosing the right tenure. 

Rama borrowed HDFC personal loan without checking the total payable interest and now he isn’t able to continue his EMI payment and the interest burden keeps on increasing. If he had used the HDFC loan EMI calculator, he could have made a calculative decision.

  • Loan amount – INR 10 Lakh
  • Interest rate – 12.00% per annum

The total payable HDFC personal loan interest 

  • For a three-year tenure – INR 1,95,215
  • A four-year tenure – INR 2,64,024
  • For a five-year tenure – INR 3,34,667
hdfc bank personal loan hdfc bank personal loan interest rate
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Reddit
Previous ArticleForms of CIBIL score
Next Article How To Increase Instagram Likes And Followers? 8 Proven Ways

Related Posts

Payroll Power: How Your Job Can Unlock Loan Advantages

Finance

Protect Your Precious Metal Investments With Lear Capital

Finance

Finding the Billigste Forbrukslån for You

Finance

Comments are closed.

Advertise With Us

advertise here

Featured Posts

Need Digital Marketing Services? Discover the Best Options!

January 29, 2024

Payroll Power: How Your Job Can Unlock Loan Advantages

January 25, 2024

What Are the Admission Requirements for an MBA Program in the UK?

January 23, 2024

Navigating Work Passes Singapore A Guide to Employment Authorization

January 19, 2024

Unlocking Opportunities: Navigating the Dynamic Landscape of Recruitment Agency Services in Singapore

January 2, 2024
Follow Us
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • LinkedIn
On Trending
Digital Marketing

Need Digital Marketing Services? Discover the Best Options!

By News EngineJanuary 29, 20248 Mins Read

Digital marketing has become a crucial aspect of any successful business strategy in today’s digital…

Payroll Power: How Your Job Can Unlock Loan Advantages

January 25, 2024

What Are the Admission Requirements for an MBA Program in the UK?

January 23, 2024

Navigating Work Passes Singapore A Guide to Employment Authorization

January 19, 2024

Unlocking Opportunities: Navigating the Dynamic Landscape of Recruitment Agency Services in Singapore

January 2, 2024

Subscribe to Updates

Get the Latest Creative News from News Engine about Business, Technology and World Trends.

About Us:
About Us:

Our information services are about updates and include everything from all thoughts about daily life to beginning global findings. We are accepting new partners right now.

Email Us: newsenginenet@gmail.com

Facebook X (Twitter) Instagram Pinterest LinkedIn
Subscribe to Updates

Get the Latest Creative News from News Engine about Business, Technology and Latest Trends Around The World.

Important Links
  • Homepage
  • About Us
  • Contact Us
  • Write For Us
  • Privacy Policy
  • Terms And Conditions
  • Guest Post
Copyright © 2021-24. Designed by News Engine.
  • About Us
  • Contact Us
  • Write For Us
  • Guest Post
  • Privacy Policy
  • Terms And Conditions

Type above and press Enter to search. Press Esc to cancel.

Go to mobile version