FAQs
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.
Can I get an instant loan online? ›
XpressLoan is an instant personal loan from LazyPay of upto Rs. 5 lakhs. You can apply for a personal loan online, which will be sent directly to your bank account after approval. Approvals usually take 5 mins without needing paperwork or physical documents.
Can I get a loan of $50,000 from HDFC Bank? ›
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.
What is the EMI for 25 lakh personal loan? ›
What is the monthly EMI for ₹25 Lakh personal loan? If you take a ₹25 Lakh personal loan at an interest rate of 13% for 5 years, you will have to pay an EMI of ₹56, 883. If you take an ₹25 Lakh personal loan at the same interest rate of 13% for only 2 years, you will have to pay an EMI of ₹1, 18, 855.
Who has the fastest loan approval? ›
Compare the best fast personal loans
| INTEREST RATES | TIME TO FUND |
|---|
| Prosper | 8.99% to 35.99% | Within 1 business day after approval |
| LendingPoint | 7.99% to 35.99% | As soon as the next business day after approval |
| Oportun | 35.99% maximum | Within 1 to 3 business days after approval |
| Upgrade | 8.49% to 35.99% | Within 1 business day after approval |
3 more rowsWhat is the easiest bank to get a personal loan from?
| Bank | WH Rating | Minimum credit score |
|---|
| Wells Fargo | 4.2 | 660 |
| American Express | 4.1 | 660 |
| Discover | 4.4 | 660 |
| TD Bank | 4.25 | Not disclosed |
1 more rowJul 19, 2024
Personal loans, credit card cash advances and borrowing from friends or family are among the best ways to access cash when you need money right away.
How to get a loan easily? ›
How To Get a Personal Loan in 5 Easy Steps?
- Step 1: Determine your requirement. Figure out why you need a Personal Loan and how much you need. ...
- Step 2: Check loan eligibility. ...
- Step 3: Calculate monthly instalments. ...
- Step 4: Approach the bank. ...
- Step 5: Submit documents.
For Rs 5 lakh personal loan, the EMI for 1-year loan tenure at an 13% rate of interest per annum is ₹ 44,442, 2-year tenure is ₹ 23,534, 3-year tenure is ₹ 16,605, 4-year tenure is ₹ 13,164 and 5-year tenure is ₹11,120. Disclaimer: These are approximate EMI calculations, actual numbers may vary.
Which personal loan is best in India? ›
- HDFC Bank personal loan interest rates start from 10.50% p.a. ...
- SBI personal loan interest rates start from 11.15% p.a. ...
- Axis Bank personal loan interest rates start from 10.49% p.a. ...
- IDFC FIRST Bank personal loan interest rate starts from 10.99% p.a. ...
- ICICI Bank personal loan interest rates start from 10.80% p.a.
HDFC Bank offers a Personal Loan to pre-approved customers in just 10 seconds. For others, it usually takes about 4 days. As an already existing customer, you can apply via NetBanking on the HDFC Bank website, through an ATM or Loan Assist App. Otherwise, you can drop by the nearest branch to get the process started.
What is the EMI for a 10 lakh personal loan? ›
₹10 Lakh Personal Loan EMI for up to 5 Years
| Loan Amount (₹) | Interest Rate (p.a.) | EMI(₹) |
|---|
| ₹10 Lakh | 10.99% | 88,376 |
| ₹10 Lakh | 10.99% | 46,603 |
| ₹10 Lakh | 10.99% | 32,733 |
| ₹10 Lakh | 10.99% | 25,840 |
2 more rows| Loan Amount | Interest Rate | EMI Amount |
|---|
| ₹50 Lakhs | 8.75%* | ₹62,663 |
| ₹50 Lakhs | 8.75%* | ₹49,972 |
| ₹50 Lakhs | 8.75%* | ₹44,186 |
| ₹50 Lakhs | 8.75%* | ₹41,107 |
1 more row30 Lakh Personal Loan EMI for 5 years
| Loan Amount | Tenure (years) | EMI |
|---|
| 30 lakhs | 2 | ₹1,39,114 |
| 30 lakhs | 3 | ₹97,493 |
| 30 lakhs | 4 | ₹76,796 |
| 30 lakhs | 5 | ₹64,467 |
₹20 Lakh Home Loan EMI for 20 Years
| Loan Amount | ₹ 20,00,000 |
|---|
| Rate of Interest | 8.45% p.a. |
| EMI | ₹ 17,293 |
| Total Interest | ₹ 21,50,374 |
| Total Repayment | ₹ 41,50,374 |
Easiest personal loans to get
- Upgrade: Best for poor credit.
- LendingPoint: Best for long repayment terms.
- Prosper: Best for peer-to-peer lending.
- Avant: Best for fair credit.
- Oportun: Best for small loans.
- Upstart: Best for thin credit.
- LendingClub: Best for co-borrowers.
- SoFi: Best for discounts.
How Long Does the Loan Approval Process Take?
| Lender | How long does it take to get a loan? |
|---|
| U.S. Bank | U.S. Bank customers may receive personal loan funds in a few hours |
| Upstart | As soon as the next business day |
| Banks and credit unions | One to seven days |
| Online lenders | As soon as the same day |
4 more rowsPayment history is weighed the most heavily in determining your credit score, along with your total outstanding debt. Generally, the required credit score for a personal loan is at least 580. To qualify for a lender's lowest interest rate, borrowers typically need a score of at least 800 and a high income.
Is there a way to borrow money instantly? ›
Quick loans are offered by online lenders and provide same or next-day approval and funding. A fast personal loan is one way to cover unforeseen expenses like car and home repairs. Compare quick loans with other fast-funding alternatives to find the most affordable choice.
