HDFC Insta Jumbo Loan

The key features of HDFC jumbo loan are mentioned below:

• Loan amount: You can get a loan amount above the credit limit of your HDFC Bank Credit Card.
• Processing fee: A loan processing fee of up Rs. 999 + GST is applicable.
• Interest rate: HDFC jumbo loan interest rate varies from 11.88% - 20.52% p.a. per annum.
• Repayment tenure: The loan can be repaid easily in tenure ranging from 12 months to 60 months as per your convenience.
• Lowest EMI possible: The lowest EMI possible is Rs. 2,379 Per Lakh.
• Interest calculation: For the first EMI, the interest is calculated from the booking date of loan till the payment due date. The interest for the remaining EMIs will be as per the statement cycle.
• Eligibility: Only selected cardholders will be provided the HDFC Insta Jumbo loan facility.

Note: The new feature of Video KYC facility for personal loan and saving accounts is helping customers to verify their identity digitally.

• Quick disbursement to account as this loan is pre-approved. 
• HDFC Bank Savings Account holders can get multiple loans on their credit cards. Non- HDFC Bank Savings Account holders can avail only 2 Insta Jumbo Loans at any point of time.
• Avail loan upto Rs. 10 Lakhs and tenure up to 60 months can be secured against inevitable or unforeseen accidental death with insurance. It covers the customer's liability towards principal outstanding.
• Loan amount is not blocked from your credit limit under HDFC Insta Jumbo loan.
• You can calculate EMIs with HDFC’s Credit Card Loan EMI Calculator.
• No documents are required to avail this loan on Credit Card.

Note: Also, know about the HDFC Bank Mini Statement Number service.

You can easily calculate HDFC Insta Jumbo Loan EMI online using our EMI Calculator. The uses a few details, i.e. the Loan Amount, Rate of Interest, and Tenure, to calculate the EMI. After filling in these three loan parameters, click the Enter button to get an instant result. 

Apart from calculating the EMI, this Calculator also displays the complete amortization schedule for your loan repayment.

Here’s an example:

Loan amount required: Rs. 5 Lakhs

Applicable interest rate: 11% p.a.

Tenure of repayment: 5 years

EMI to be paid each month: Rs. 10,871

Total interest to be paid: Rs. 1,52,273

Total amount to be paid to the bank: Rs. 6,52,273 (interest + principal amount).

Amortization schedule of the above example:

No documentation is required for HDFC Jumbo Loan as it is a pre-approved loan offer for select HDFC Bank customers. The bank already has documents of their existing customers, so you are not required to furnish any documents to avail of this loan.

Tip: Check Free CIBIL Score before applying for a loan

You can check the eligibility for the Insta Jumbo Loan by following a few simple steps as mentioned below:

• Login to HDFC Net banking and choose the 'Cards' option.
• Navigate to Credit Cards, proceed to 'Transact' and then to 'Insta Jumbo Loan.
• Mention your Credit Card details and your pre-approved loan limit will be available on the screen.
• You can also call HDFC Credit Card helpline to get the loan details.
• If you are eligible for the loan and have not registered for DND/NDND/DNC an executive of HDFC Bank will give you a call and explain the loan details. The information regarding the loan amount, interest rate, and the other loan details will be given and you can immediately book for the loan since no documentation is required.
• If you are eligible for the loan and have not registered for DND/NDND/DNC you will get an SMS on your registered mobile number regarding the loan amount, interest rates, and the other loan details. If you are interested in availing the loan and accept the terms & conditions listed on their website, you can send the shortcode mentioned in the SMS.
• CIBIL score is also a major factor in loan approval process, so always remember to check CIBIL score by pan card before applying for a loan.

You can check the Personal Loan Eligibility for the Insta Jumbo Loan by following a few simple steps as mentioned below:

• Login to HDFC Net banking and choose the 'Cards' option.
• Navigate to Credit Cards, proceed to 'Transact' and then to 'Insta Jumbo Loan.
• Mention your Credit Card details and your pre-approved loan limit will be available on the screen.
• You can also call HDFC Credit Card helpline to get the loan details.
• If you are eligible for the loan and have not registered for DND/NDND/DNC an executive of HDFC Bank will give you a call and explain the loan details. The information regarding the loan amount, interest rate, and the other loan details will be given and you can immediately book for the loan since no documentation is required.
• If you are eligible for the loan and have not registered for DND/NDND/DNC you will get an SMS on your registered mobile number regarding the loan amount, interest rates, and the other loan details. If you are interested in availing the loan and accept the terms & conditions listed on their website, you can send the shortcode mentioned in the SMS.

Additional Info: Check HDFC Bank OD Facility.

Along with rate of interest, the HDFC Insta Jumbo Loan comes with the following fees and charges:

• Processing fee: Up to Rs. 999 + GST. 
• Penal interest on skipping the payment due date: 2% on payment amount, minimum Rs. 300.
• Penalty on non/partial payment of EMI outstanding: Rs. 500 + GST. 
• Foreclosure charges: 3% of the balance principal outstanding + GST.

Additional info: Check Loan Against Fixed Deposit in detail.

• Fill in the online personal loan application form given on the Home Page of our official website or access the form by visiting the Personal Loan section given under the Loans tab.
• Share all the details required, including your name, loan amount requirement, email ID, mobile number, etc.
• An OTP is sent to your mobile number. Use it to verify your identity and enter the remaining details.
• Get access to the personal loan deals of our 100+ lending partners.
• Apply by clicking on the e-connect for a personal loan. This will begin your loan application instantly.
• Our loan expert will call you soon to answer all your loan queries and assist you from application to approval to disbursal.
• We will then arrange a doorstep pick-up of the documents required by the chosen lender.
• After submitting your loan application and documents, we will follow up with the lender for timely loan disbursal.

You can also call HDFC Jumbo Loan customer care number to ask if you are eligible for the loan.

You can make the HDFC Jumbo Loan payment online. An Auto Pay will be activated for the Insta Jumbo loan account within 7 days from the date of booking the loan. Your savings account will be debited on the due date mentioned in the monthly jumbo loan statement or within 5 working days from the payment due date. You should maintain sufficient funds in your account before the due date HDFC Jumbo Loan payment for the smooth functioning of the loan account.

You can reach HDFC Jumbo Loan customer care for any queries regarding the loan through call, email, post, or branch visit. The link for all these contact details is given below:

https://www.hdfcbank.com/personal/need-help/contact-us#.