HDFC Bank Chennai

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Products Offered by HDFC Bank in Chennai

HDFC Bank has a big box full of financial products that are tailor made to suit the requirement of the customer. Are you planning to buy a home? Need funds for the same? Obtain a home loan from the bank. Purchase a car of your dreams with a car loan from the bank. Just like this, you can start your business with a business loan provided by HDFC bank. Other products include gold loan, education loan, personal loan, fixed deposit and loan against property. You will be missing out a lot of information if you don’t see the two tables given under. Don’t forget to check them as soon as possible.

Basic details of HDFC Bank loans in Chennai

ProductEligibilityLoan amountInterest rateProcessing feeTenure
Home loanThe bank decides the eligibility of the applicant through certain factors like
Income
Educational qualifications,
Age
CIBIL score
Income of the spouse
Number of dependents
Stability of employment
Saving history
Business, Liability & Assets
₹ 75 Lakhs and above in selected cases8.35% - 9.05%1.25 % of the amount sanctioned plus GST30 years
Personal loan1.Must be a salaried individual who falls in the the category of Chartered Accountant, Doctor, employee of public sector undertakings or private limited companies.

2.He/she should be between the age group of of 21 to 60 years.

3. A working experience of a minimum of two years is needed

4.Must be employed with the current company for at least one year.

5. A net monthly income of at least ₹ 15,000 is needed. In case of applicants of cities like Mumbai, Bengaluru, Delhi, Cochin, Pune, Kolkata, Hyderabad, Ahmedabad and Chennai, the net monthly income should be at least ₹ 20,000.
Up to ₹ 15 Lakhs11.25% - 21.50%Up to 2.50% of the loan amount Five years
Car loanSalaried Employee-
1.Should be at least 21 years of age at loan application and <=60 years of age when the loan matures

2.Should have a job for a minimum of two years and must be working for the current employer for at least one year

3.A minimum annual income of ₹ 2,50,000 is needed

Self employed individual (Sole Proprietorship)-

1.Need to be at least 21 years of age when the tenure starts and <=65 when the tenure ends

2.Need to be in their business for a minimum of two years

3.Need to have an annual income of at least ₹ 2,50,000

Self employed (Partnership Firms)-

1.Need to have a minimum turnover of ₹ 2,50,000.

2. Must be engaged in the business of trading, manufacturing and services.

Self employed (Private Limited Companies) and Self employed (Public Limited Companies)-

1. Must be engaged in the business of trading, manufacturing and services.

2.A turnover of at least ₹ 2,50,000 annually is needed
For Salaried employee- 3 times of annual income


For Self-employed- 6 times of annual income
8.00% - 13.00%0.4% of Loan Amount Seven years
Fixed depositsApplicants who can apply for a fixed deposit account include-
Residents
Sole proprietorship firms
Hindu undivided families
Partnership firms
Trust accounts
Limited companies
Minimum of ₹ 5,0003.50% - 8.00%NILSeven days to ten years
Loan against propertyAnybody, whether a self-employed professional or a salaried individual can apply for a loan.

The applicant should fall in the age bracket of 21 to 65 years.

The applicant should have a property which he/she can mortgage.

He/she must earn sufficient enough to repay the loan.

Proprietors, partnership firms and companies can apply too.
Up to 60% of the market value of the property10.25% to 10.75%1% of the loan amount1 year to 9 years
Business loan1.Self Employed people like Individual Proprietors, Partnership Firms and Private Limited Company involved in the business of Trading, Manufacturing, or Services can apply.

2. Minimum Turnover of ₹ 40 Lakhs is needed

3. total business experience should be five years. The applicant needs to be in his/her current business for a period of at least three years

4. Business must be profitable for the past two years

5. Annual Income should be at least ₹ 1.5 Lakhs

6. The age of the applicant at the time of application should be 21 years

7. The applicant should not exceed the age of 65 years when the loan matures
Up to ₹ 15 Lakhs
( ₹ 50 Lakhs in certain cases)
15.50% to 18.30%2.50% of the loan amountOne to four years
Education Loan1.You should be an Indian resident

2. You need to be between the age group of 16 to 35 years

3. A co-applicant is necessary for all the full time programmes
Up to ₹ 10 Lakhs9.50% to 13.81%1% of the loan amount sanctioned15 years
Gold LoanYou should be an Indian citizen owning gold Minimum of ₹ 50,0009.50% to 15.35%0.50% of the loan amount sanctioned6 months to 48 months i.e. half an year to four years

HDFC Bank Chennai Branches with IFSC Codes

BranchAddressIFSCMICRContact details
ITC Centre Anna Salai759, ITC Centre, Anna Salai, Chennai - 600002, Tamil NaduHDFC00000046002400029840673333
Besant NagarT - 31, 7Th Avenue, , M G Road, , Besant Nagar, , Chennai - 600090, Tamil NaduHDFC00000106002400039840673333
Anna NagarAA - 8, , Second Avenue, Anna Nagar, Chennai - 600040, Tamil NaduHDFC00000176002400049840673333
Valasaravakkam8, Arcot Road, Valasaravakkam, Chennai - 600087, Tamil NaduHDFC00000246002400059840673333
Nungambakkam40, Nungambakkam High Road, Chennai - 600034, Tamil NaduHDFC00000826002400069840673333
MadipakkamNo 5, Sabari Salai, , Madipakkam, Chennai - 600091, Tamil NaduHDFC00001116002400089840673333
KilpaukNo. 31 / 32, Balfour Road, , Kilpauk, , Chennai - 600010, Tamil NaduHDFC00001246002400099840673333
Ashok Nagar53, Plot No 41B, 4th Avenue, Ashok Nagar, Chennai - 600083, Tamil NaduHDFC00001366002400109840673333
R. A. PuramNo 10, III Cross Street, Opposite Chennai Kaliappa Hospital, R. A. Puram, Chennai - 600028, Tamil NaduHDFC00001416002400129840673333
Parrys CornerNo 3, Mcdowell House, , 2Nd Line Beach, Parrys Corner, Chennai - 600001, Tamil NaduHDFC00001666002400119840673333
T Nagar56, Opposite Jeeva Park, G. N. Chetty Road, T Nagar, Chennai - 600017, Tamil NaduHDFC00002066002400139840673333
ChitlapakkamUnique Auto No - 5, Opposite Tambaram Fire Station G. S. T Road, Sanatorium, Chitlapakkam Town, Chennai - 600047, Tamil NaduHDFC00002606002400149840673333

HDFC Chennai Customer Care

By dialing the toll-free number 1800 22 1006 or 020 6160 6161, you can anytime get in touch with the customer care executives of HDFC. These experts with having relevant experience and expertise ensure to help you out every possible way. Be it a complaint, query or concern, these professionals with their in-depth knowledge and experience solve all your problems in no time.   

HDFC EMI Calculator

If you want to know the exact amount of EMIs you need to pay to the lender when it comes to loan repayment, an EMI Calculator is of great help. Yes, this dynamic device with its algorithm and formula helps you in knowing the exact calculations related to your EMIs, Interest Outgo and Total Amount Payable on a loan. All it does is that takes into account the loan amount, tenure and interest rate of a loan, hence displays the results within few seconds.  

Take a look below to make yourself understand. Below is a table showing the calculations on a loan amount of ₹5 Lakh, taken for a tenure of 5 years at an interest rate of 15% per annum.

Table Showing EMI, Interest Outgo, and Total Repayment Amount

Loan AmountInterest RateTenureMonthly InstalmentTotal Interest AmountTotal Amount
₹ 5,00,00015%1₹ 45,129₹ 41,550₹ 5,41,550
₹ 5,00,00015%2₹ 24,243₹ 81,840₹ 5,81,840
₹ 5,00,00015%3₹ 17,333₹ 1,23,976₹ 6,23,976
₹ 5,00,00015%4₹ 13,915₹ 1,67,938₹ 6,67,938
₹ 5,00,00015%5₹ 11,895₹ 2,13,698₹ 7,13,698

EMI, Total Interest Outgo, Total Repayment (Interest + Principal)

YearPrincipalInterestBalance Amount
1₹ 72,596₹ 70,143₹ 4,27,403
2₹ 84,266₹ 58,473₹ 3,43,137
3₹ 97,812₹ 44,927₹ 2,45,324
4₹ 1,13,536₹ 29,203₹ 1,31,788
5₹ 1,31,934₹ 10,952₹ 0

Documents Required to Apply

The documents needed for availing a loan from HDFC Bank Chennai have been mentioned below-

ProductDocuments
Home loanSalaried employee:

Fully filled application form along with photographs of passport size
Proof of Identity- Passport/PAN card/Voter ID card/Aadhar card/Driving license
Proof of Address- PAN card/Passport/Electricity bill/Telephone bill/Rent agreement
Processing fee cheque
Bank statement of the past six months
Proof of Income- Form 16 and latest salary slip
Other property related documents- Buyer agreement/Allotment letter copy and a receipt of payment made to the developer

Self-employed (businessmen and professionals):

Fully filled application form along with photographs of passport size
Proof of Address- PAN card/Passport/Electricity bill/Telephone bill/Rent agreement
Proof of Identity- Passport/PAN card/Voter ID card/Aadhar card/Driving license
Processing fee cheque
Proof of Income- Income Tax returns of the previous three years and Audited Balance Sheet & Profit and Loss account statement of the past three financial years
Proof of Business
Educational qualification certificates (For professionals)
Business profile
Other property related documents- Buyer agreement/Allotment letter copy and a receipt of payment made to the developer
Bank statement of the past six months

Agriculturists:

Fully filled application form along with photographs of passport size
Proof of Identity- Passport/PAN card/Voter ID card/Aadhar card/Driving license
Proof of Address- PAN card/Passport/Electricity bill/Telephone bill/Rent agreement
Processing fee cheque
Copies of the Title documents of the agricultural land which can depict land holding
Statement of the loans availed in the past two years
Other property related documents-
Bank statement of the past six months
Copies of the Title documents of the agricultural land which can show that crops are being cultivated
Personal loan Identity Proof- photocopies of Driving License/Voter ID Card/Passport
Address Proof- photocopies of Passport/Telephone Bill/Ration Card/Rental Agreement/Electricity Bill

Income Proof- Salary Certificate(current dated) with Form 16/Latest salary slip

Bank Statement of the past three months/ six months passbook statement
Car loanIdentity Proof- PAN Card, Voter ID Card, Passport, Driving License
Proof of Income- The applicants are required to submit the below documents as a proof of their income.
Salaried employee: A salary slip along with Form 16
Self employed individual (Sole Proprietorship): Latest Income Tax Returns
Self employed (Partnership Firms): Audited Balance Sheet, latest two years Income Tax returns and Profit and loss account of the last two years
Self employed (Private Limited Companies): Audited Balance Sheet, P&L account of the last two years and Income Tax returns of the latest two years
Self employed (Public Limited Companies): Audited Balance Sheet and P&L account of the last two years

Proof of Address-
Salaried employee and Self employed individual (Sole Proprietorship): Driving license/Telephone Bill/Ration card/Life insurance policy/passport copy/Voter card/ electricity bill/PAN Card
Self employed (Partnership Firms), Self employed (Public Limited Companies) and Self employed (Private Limited Companies): Sales Tax certificate/Electricity Bill/Telephone Bill/SSI registered certificate/Shop & Establishment Act certificate

Bank Statement: You also require a bank statement of the previous six months
Fixed depositAnyone of the following documents are required-

Secondary School Leaving Certificate of class 10th
Voters Identity Card
LIC Policy
Birth Certificate issued by the competent authority
Pension Payment Order
Passport
PSU Issued ID Cards
Govt ID Card/ Defence ID Card (it must have the cardholder's, signature, photo and date of birth)
PAN Card
Loan against propertyFor Salaried individual
Identity Proof- Driving License/Voter ID Card/Passport/PAN Card/Aadhar Card/Employer's card
Address Proof- photocopies of Passport/Telephone Bill/Ration Card/Rental Agreement/Electricity Bill/Voter ID Card
Bank statement of the past six months where the income or salary is credited
Salary slip of the latest six months
Income Tax returns of the previous two financial years
Copies of all Property Documents

For Self-Employed Individual
Identity Proof- Driving License/Voter ID Card/Passport/PAN Card/Aadhar Card/Employer's card
Address Proof- photocopies of Passport/Telephone Bill/Ration Card/Rental Agreement/Electricity Bill/Voter ID Card
Bank statement of the past six months
Audited Balance Sheet and Profit & Loss account statement
Income Tax returns of the previous two years
Business loanPAN Card is mandatory for any company, individual or firm
Identity Proof- PAN Card, Aadhar card, Voter ID Card, Passport, Driving License

Proof of Residence- Aadhar card, Voter ID Card, Passport, Driving License

Income Tax returns of the past two financial years along with Audited Balance Sheet and Profit & Loss account

Proof of continuation- Trade license/ITR /Sales Tax certificate/Establishment

Other important documents include- Certified Copy of Partnership Deed, or Sole Prop. Declaration, Memorandum & Articles of Association & Board resolution
Education LoanCompletely filled application form

Passport size photographs

Institute Admission Letter

High school certificate, Senior Secondary certificate, Graduation marksheet

Proof of age- Birth certificate, PAN card, school leaving certificate

Proof of Identity- Aadhar card?PAN card/Voter ID card/Passport/Driving License

Proof of Address- Passport/Electricity bill/Telephone bill/Ration card/Lease and Rent agreement

Proof of Income-
For Salaried employee- Salary slip of of the latest two months and Bank statement of the latest six months

For Self-employed- Proof of turnover, Bank statement of the latest six month, Income Tax returns of the past two years and Audited Balance Sheet

For Professional - Proof of qualification, Bank statement of the latest six month, Income Tax returns of the past two years and Audited Balance Sheet and Profit & Loss account
Gold LoanDriving license Voters’ ID card
Passport
PAN (Permanent Account Number) Card
Aadhaar Card

About HDFC Bank

HDFC Bank is one of the sole banks in India that has truly committed itself towards meeting the needs of the customers. After all, the bank had got the tagline-’We understand your world’. The bank was incorporated in the year 1994 by Housing Development Finance Corporation Limited in Mumbai. Reserve Bank of India gave the corporation the first of its kind ‘in-principal’ approval to establish a private sector bank in the country. This was part of the RBI”s liberalisation of our banking sector in 1994. The bank began conducting the operations as a scheduled commercial bank in the January of 1995. The bank is known to cater to wide variety of banking services that covers both investment and commercial banking. The bank is focussing on three main business segments of retail banking, wholesale banking, and treasury. The bank has always aimed to provide the customer with a full range of different banking products and services. This offers the customer a one stop window where he/she can meet all his/her requirements.

HDFC Bank is known to back all its products by world class service and they are delivered to the customers through a wide network of branches that have internet connectivity.  It has designed alternative channels for the customer like net banking, ATMs, phone banking and mobile banking. The bank is a leader in the e-commerce for a reason. It has delivered as per the expectations of the customers and even exceeded them with a large margin. Chennai is a very important city of India and contributes a major pie to the GDP. HDFC Bank, as a matter of fact, has set up more than 100 branches in the city that have many customers over the past few years.

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