Enjoy attractive terms of HDFC Bank Loan for Army Employees with Aapka Bank
Nobody can ever imagine the life of Army personnel. They not only face difficulties in the field but also suffer extreme difficulties in their normal life. These difficulties get even bigger when they retire from army service. Although their income after retirement includes pension, subsidies, and various other perks, they also have plans like starting their own business after retirement. These plans require funds to get executed. In such cases, the army personnel look for financial options to get a loan at reasonable terms and conditions. HDFC Bank has brought HDFC BANK personal loan for Army Employees after considering their requirements.
What is Personal Loan?A personal loan is a loan which banks or financial institutions grant to self-employed or professional individuals. It is a type of unsecured loan where the borrower does not have to pledge any asset as collateral security. The borrower is allowed to use this loan for any purpose.
HDFC Bank Personnel Loan for Army EmployeeHDFC offers HDFC Bank Personnel loan to Army employees at special terms and conditions. This offer includes defence, armed forces, and government employees who can apply for a loan under this offer. The interest rates of personal loans are different from those offered to salaried private employees.
Features of HDFC Bank Personnel Loan
- The tenure of the personal loan is for 1 to 5 years.
- The interest range for the loan ranges from 10.99% to 20.75%.
- It charges a prepayment fee from 0% to 4.00%.
- The processing fee for the loan is 1 to 2.5% of the principal amount.
- The maximum amount of loan that can be availed is 15 lakhs.
Documentation required for the application of loanApart from the application form and two passport size photos, the applicant has to furnish the following documents:
- Identity Proof- The defence employee has to provide his department's identity card apart from the Aadhaar card, passport copy, etc.
- Bank statement for the last six months.
Eligibility CriteriaThe applicant should be an army personal to become eligible for HDFC Bank Personnel Loan. Aapka Bank will provide all necessary information about the application procedure for the HDFC Bank personnel loan.
Why choose Aapka Bank for HDFC Bank Personal Loan?Aapka Bank is one of India's leading financial service providers who provide various financial products to its customers at reasonable terms and conditions. At Aapka Bank, we aim to provide all the necessary information about various financial products to our interested customers. Our services include the following features:
- Our loan processing includes quick approval and disbursal of loans to our customers in real-time.
- We offer the best offers to our customers for various loan products.
- We also provide customer support service for paperwork.
- We have good associations with many reputed banks and financial institutions.
- We charge lower interest rates on our loan products.
- We don't charge any hidden fees from our customers.