I am an employee at the bank and am aware of the differences between HDFC Jumbo Loan vs Personal Loan. The HDFC Jumbo loan is a pre-approved loan given over and above your credit card limit. On the other hand, a personal loan is given by applying directly at the bank. There are more such differences between the two loan offerings. I am describing them below.
What is the Difference Between HDFC Personal Loan vs Jumbo Loan?
Here are the differences between the HDFC Bank personal loan and the HDFC Jumbo loan.
HDFC Personal Loan
It is a loan offered by applying to a bank or financial institution.
Applicants need to submit documents for a personal loan.
The borrowing limit is calculated by the bank based on proof of your income.
It is paid in the form of EMIs on a specific date.
HDFC Jumbo Loan
This is a pre-approved loan given by the bank on your HDFC Bank credit card.
The loan amount is over and above your available credit card limit. For example, if your card limit is Rs. 5 lakhs, your loan limit can be Rs. 5 lakhs or more.
It is paid by the borrower at the end of the credit limit.
It does not require any documentation.
This is all about the difference between HDFC Bank insta jumbo loan vs personal loan. I hope this helps.
Get an Instant Personal Loan Disbursal Into Your Account Via NB InstaCash! Some related information:What are the Documents Required for Applying HDFC Personal Loan?
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What is the Difference Between HDFC Jumbo Loan vs Personal Loan?
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2024-10-29T00:14:14+00:00 2024-10-29T00:14:15+00:00Comment
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