Loan App Details & Reputation
App Name
HDFC Bank Personal Loan App
Tagline/Description
 Instant Personal Loans, Credit Card & Other Loans.
Developer/Company Name
HDFC Bank Ltd.
Social Media Handles
(Primarily promoted through HDFC Bank’s main social media channels)
Contact Information
Phone Banking:
- Within India: 61606161, 6160616
- Outside India: +91-22-61606161, +91-40-6160616
- Missed Call Banking numbers: 6160616 (Balance Enquiry), 6160612 (Mini Statement)
License and Registration Details
Leading private sector bank regulated by the Reserve Bank of India.
Latest News/Updates
August 2024: HDFC Bank revamped its Loan Assist app with a focus on a simplified and intuitive user interface.
Loan Details
Loan Amount (Minimum and Maximum)
- Personal Loans: Up to ₹40 lakhs
- Other Loans: Varies depending on the specific loan type (Car, Two-wheeler, Business, etc.)
Interest Rate (Daily, Weekly, Monthly, Annually)
Competitive interest rates, starting from 10.50% p.a. for personal loans. Varies based on the loan type, borrower’s credit profile, and prevailing market conditions.
Loan Tenure (Minimum and Maximum)
- Personal Loans: 12 to 60 months
- Other Loans: Varies based on loan type.
Repayment Options
EMI through auto-debit.
Fees (Processing, Late Payment, etc.)
Processing fees and other charges vary based on the type of loan.
Eligibility Criteria (Age, Income, Credit Score, etc.)
- Eligibility criteria vary based on the type of loan. Generally, a good credit score and steady income are required.
Documents Required
Varies based on the type of loan but typically includes KYC documents (PAN, Aadhaar), income proof, and bank statements.
Loan Purpose
Wide range of purposes including personal loans, car loans, two-wheeler loans, business loans, etc.
App Ratings and Reviews
Google Play Store Rating
4.3 stars
Apple App Store Rating
4.5 stars
User Reviews and Feedback
Positive Reviews
User-friendly interface, convenient access to various loan products and information, and the ability to manage existing loans.
Negative Reviews
Some users report issues with the app’s stability, loan approval process, and customer service response times.
Customer Support
Contact Channels
In-app support, phone banking, email, branch visits.
Support Hours
24/7 phone banking support.
FAQs and Knowledge Base
Available on website and app
Loan Disbursal and Repayment
Disbursal Time
Varies based on the type of loan and verification process, can range from instant disbursal to a few days.
Repayment Options
Primarily through EMI (Equated Monthly Installments).
Late Payment Fees and Penalties
Late payment and prepayment charges apply as per the terms of the loan agreement.
Additional Features
Loan CalculatorÂ
Helps users estimate EMIs and loan affordability.
Loan Application Tracking
Track the status of loan applications.
Document Upload
Securely upload documents required for loan processing.
Credit Score Check
Check your credit score within the app.
Regulatory Compliance
RBI or NBFC License Details
Private Sector Bank, regulated by the Reserve Bank of India.
Compliance with Indian Banking Regulations
Yes
Step-by-Step Guide to Using MoneyTap
Download and Install
Find the app on Google Play Store or Apple App Store and install it.
Google Play Store Link
Apple Store Link
Registration
- Existing HDFC Bank Customers: Use your customer ID and registered mobile number or debit card details to log in.
- New Customers: You can explore loan offers and use the EMI calculator but will need to visit a branch or the website to apply.
Explore Loan Options
Browse the available loan products within the app.
Check Eligibility
Use the eligibility calculator to see if you qualify for the loan.
Apply
Fill out the loan application form with the required details.
Upload Documents
Securely upload the necessary documents as instructed.
Await Approval
Wait for the loan approval decision.
Disbursal
If approved, the loan amount will be disbursed to your HDFC Bank account (or another bank account as per the loan terms)
Important Note
The HDFC Bank Personal Loan App primarily caters to existing HDFC Bank customers for loan-related services. New customers might have limited functionality until they establish a relationship with the bank. Always review loan terms and interest rates carefully before proceeding with an application.
Disclaimer
The information presented in this document regarding loan apps is intended for general informational purposes only and is current as of the date of this post. It is compiled from sources believed to be reliable, including official websites, app stores, and user reviews. However, the financial landscape, app features, interest rates, and terms can change rapidly.
Instantloansindia does not endorse any specific loan app or guarantee the accuracy, completeness, or timeliness of the information provided. It is crucial that users verify all information directly with the respective loan app or financial institution before making any financial decisions.
Instantloansindia shall not be held liable for any damages, losses, or liabilities arising from the use or reliance on the information herein. Users are solely responsible for their financial choices and should consult with qualified professionals for personalized financial advice.