Best 5 Ways to Decide HDFC Bank Personal Loan Approval

Best 5 Ways to Decide Your HDFC Bank Personal Loan 2021 Approval
HDFC Bank Personal Loan 2021 | In today’s era, you can
apply for personal loan without any hassles and within a matter of minutes. If you’re planning to apply for HDFC Personal Loan 2021 online, you can get it within minutes. 

Yet, the lender will sanction your application supported by certain criteria that are laid out. Therefore, we do not want you to come across the rejection of your application, neither will you want that. Right! 

Great! Therefore, today, we’ve drawn 5 factors that would assist you to get your application approved and also the best HDFC Personal Loan Interest Rate 2021. Let’s look into these 5 elements! 

1. Age

  • Your age is an imperative element for HDFC Bank Personal Loan approval as it gives an insight into your financial constancy and earning capability. 
  • In your early 20’s, you wouldn’t have acquired the financial stability though you’ve got enough time to earn. 
  • Post 20 to 25 years of working experience, the earning window becomes smaller. 
  • Hence HDFC Bank requires you to be in an age where you’ve got certain work experience, which is indicative of your financial constancy. 
  • HDFC Bank also prefers that your age shouldn’t exceed 65 years by the time of loan maturity.

2. Income 

  • The bank also considers your monthly inflow of funds as it’s a crucial part of your financial profile. 
  • Your earnings are directly associated with your capability to pay back the HDFC Bank Personal Loan. 
  • Once you render your income small-prints to the bank, you may be asked to demonstrate your additional sources of income. 
  • These could comprise leased out properties, business income, your spouse’s salary, etc. 
  • The bank will also assure itself to check for the timely repayment of your dues. 
  • Your existing monthly debt accountabilities, source, and duration are taken under consideration. 
  • Conclusively, your creditworthiness is among the most essential elements. 

3. Repayment 

  • You could also opt for a shorter loan repayment tenure and come across a far better chance of getting your  HDFC Bank Personal Loan 2021 application approved at a low interest rate. 
  • Nonetheless, your repayment term shouldn’t be overly ambitious – the EMI amount should be something that is easily adaptable within your monthly budget. 
  • Take the help of the Afinoz personal loan EMI calculator to figure out the best preferable tenure.

4. A Healthy Credit Score 

  • Your credit score is another extremely crucial element that determines the approval of your HDFC Personal Loan application. 
  • It facilitates the bank to perceive your repayment diary and knowledge about your debt management. 
  • Thereby, your credit score counts on how you’ve got managed your credit within the past time frame. 
  • The thumb rule is that the greater the credit score, the higher are the odds to get approval on your personal loan application. 
  • If you’ve got a clean repayment history on your debts, the bank will prefer to extend approval on your loan application undoubtedly. 
  • Multiple aspects are measured such as – the debt quantum you’ve accrued over years, your repayment diary, your frequency of paying EMIs, etc.

5. Work Experience 

  • Last but not the least, your work experience and current employment gauge if your income is steady or not. 
  • Stable employment signifies there’s the constancy in your stream of income. 
  • The bank also checks out the entity you’re employed with. 
  • The general aim behind this is to make sure that your employer is financially sound. 
  • This ensures them about your source of income, whether or not it is reliable. 
  • If your healthy credit profile stays constant, you can probably get the lowest rate of interest on an HDFC Bank Personal Loan . 
  • The number of years of work experience you’ve got is also important. 
  • If you possess extended work experience, it will help you in getting a lower  HDFC Bank Personal Loan Interest Rate 2021. 
  • Overall, the robustness and designation of your job also matter a lot.

HDFC Bank Customer Care Number 2021 

Moreover, you can also get a hold of HDFC Bank Personal loan 24 x 7 Customer Care Helpline 2021 to help you get the answers to your additional queries. 

  • HDFC Bank Customer Care Number 2021 – 1800-258-3838 (Toll-Free Number) (Only for India) (8:00 a.m. to 8:00 p.m. on all days)

Seeking Best Deal in the Market? Get a Personal loan from Afinoz! 

By reading the aforementioned elements, if you feel that your  HDFC Bank Personal Loan application may not get approved. No worries, you may try Afinoz as it holds an association with over 30 lenders. Take a look at why choose Afinoz for the best personal loan deal in 2021! 

  • Afinoz extends instant personal loans with hassle-free documentation and fulfils your personal loan needs smoothly. 
  • Afinoz’s simple-to-use eligibility and EMI calculators are just a click away. 
  • The Afinoz personal loan eligibility calculator enables you to compute the highest loan amount that you can get after you enter some basic details. 
  • This shows you the estimated loan amount for your more efficient future planning. 
  • Thereby, if you want a better amount, you can prefer to get a secured personal loan or invite a loved one with a high credit score and constant income to be a co-applicant. 
  • Afinoz personal loan EMI calculator extends you an EMI amount, which may facilitate in planning your potential monthly outlay. 
  • All you need is to enter the loan amount, repayment tenure, and rate of interest. 
  • The calculator will then help you get the EMI amount within a couple of seconds. 
  • Supported the output, you can select the optimal loan term.


To conclude, HDFC Bank stands out to be the leading in offering the best offers on personal loans. Yet, there are certain elements that you should know before applying that we stated above so that you can pre-assess whether or not there are odds of getting your personal loan application approved. 

Moreover, you can turn around Afinoz instant loan app to grab the best deal of the market on personal loans. Besides, you can also get great deals on home loans and business loans. To apply, download the app today from the Play Store!