It happens to all of us. There was a family emergency, and you had to take loans at high interest rates to meet pressing demands. But you’ve fallen behind in your payments and the interest and principal are accumulating at breakneck speed. You’re in danger of falling into a debt trap, and you’re thinking of how to get an instant loan to climb out of it.
The best choice could be a Personal Loan from a bank. Here’s why:
It’s quick:You can get a Personal Loan in a matter of hours. Apply in the morning, and you could have the cash in hand by late afternoon. HDFC Bank offers pre-approved loans to customers in 10 seconds flat*. Non – HDFC Bank customers can get loans in 4 hours. If you’ve wondered how to get an instant loan, wonder no more.
You don’t need collateral:Since Personal Loans are unsecured (without collateral or security) loans, banks will look at your income, cash flows, strength or stability of your business or employment to make sure you are able to repay the loan.HDFC Bank customers can get Personal Loans with minimal or no documentation. In fact, if they are pre- approved for a Personal Loan, they can easily apply for it.
Lower interest rates:Interest rates on Personal Loans are lower than other sources. If you have a good credit history, strong income proof, and a long relationship with the bank, you should be able to get good terms.
Easy repayment terms:Personal Loans are short to medium term (12 to 60 months) loans with a flexible repayment structure. You will typically repay the loan in equated monthly instalments (EMIs). You can adjust your repayment tenure to make your EMIs pocket-friendly. HDFC Bank offers loans with EMIs starting at Rs 2,162per lakh. Check thePersonal Loan EMI Calculatorto plan your repayment better.
It’s easy:Getting a Personal Loan from HDFC Bank is easy, especially if you have your documents in order and you have a good credit track record. It helps if you are an existing customer. You can apply for a loan viaNetBanking, on the HDFC Bank website, at an ATM, or by visiting a branch near you.
Check out everything you need to know about personal loan.
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* Terms & conditions apply. Personal Loan disbursal at sole discretion of HDFC Bank Ltd.
