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• Loan Amount: Rs. 1 Lac to 40 Lacs
• Rate of Interest (APR)*: 10.75% to 22.50%
• Repayment Tenor: 12 Months to 60 Months
• Processing Fees: 0.75% to 2.50% + GST as applicable
• Prepayment/ Foreclosure: Nil

Illustration: Rs. 1 Lac loan on @10.75% with processing Fees for 60 Months comes to Rs. 1,29,708/- Equated Monthly Instalment shall be: Rs. 2,162/- only.

The Annual Percentage Rate or APR helps you to calculate the actual borrowing cost over a particular period. It is expressed in percentage and represents the yearly cost of loan. It takes into account the nominal interest rate and all other fees involved in getting and servicing the loan. The fees include processing fees, insurance costs, administrative costs and other miscellaneous expenses. The annual percentage rate will always be equal or higher than the nominal interest rate charged on loan. APR is a very useful tool in comparing the loan terms of different lenders and helps to find the right lender that suits your needs.

• To qualify for a loan, you must fulfil these requirements:
• Minimum Salary:- INR 20,000.00
• Age:- 23 to 55 years
• Minimum CIBIL Score:- 750
• Employment:- Salaried, employed with an MNC, public, or private company
• Nationality:- Indian resident

The formula for calculating APR is: APR= [{(Fees + Interest)/ Principal}/ n]*365*100

N:- tenure of the loan in days

APR*:- Annual Percentage Rate

Correspondent Banking: HDFC Bank partners with various co-operative, private, and foreign banks to offer Correspondent Banking services. This allows these partner banks to access HDFC Bank's wide range of products, its extensive network, and its advanced systems..

HDFC Bank partners with other financial institutions for its Correspondent Banking services, providing access to products and systems for co-operative, private, and foreign banks. HDFC Bank also has a banking partnership with the TD Bank for remittance services, allowing parents to send maintenance and other expenses to their children abroad, while students can send money back to India. Additionally, HDFC Bank has a relationship with its non-banking subsidiary, HDB Financial Services (HDBFS), for loans, and it also partners with payment gateways like PayZapp.