HDB Financial Services Limited is a subsidiary company of the HDFC Bank, one of India’s largest banking and financial conglomerates. The Housing Development Finance Corporation Limited (HDFC) was among the first organizations to receive the in principle approval from the Reserve Bank of India (RBI) for setting up a bank in the private sector as part of RBI’s liberalization of the Indian banking industry in the year 1994. The bank was incorporated in the month of August, 1994 as HDFC Bank Limited with its registered office located at Mumbai.
HDFC Bank started operations as a scheduled commercial bank in the month of January, 1995. HDB is one of the subsidiaries used by the parent organization to offer strategic locations across multiple verticals.
Vision & Mission
All HDB services are provided on the basis of several core values and principles. These include a solid understanding of customer needs and tailoring of solutions as per the same in addition to honesty, integrity, teamwork, financial inclusion and speedy and prompt customer service which is hugely prioritized. HDB seeks to offer a wide range of lending solutions for customers which meet varied requirements from business expansion or working capital to educational requirements of children, weddings, vacations and the like. The company has a skilled team which works to satiate customer needs and also structure loan solutions in the best possible manner to ensure maximum benefits.
Loans up to INR 5 crore are given while repayment is possible through easy EMIs. Flexible repayment options are present with tenures ranging between 12 and 120 months. There is swift and hassle free documentation and speedy loan processing along with doorstep service. There are competitive insurance schemes for loan protection along with total transparency when it comes to processing loans. Friendly customer support is offered while there are no hidden costs.
Secured loans are offered like loan against property and auto refinance while personal and business loans are offered under the unsecured loans segment. There are commercial vehicle loans, loans against shares and ESOP, loans against gold and loans against mutual funds. There are really competitive HDB interest rates for all these loans. There are personalized loan solutions for customers and approvals are granted within 72 hours of receiving all documents. There is a single window service for all loan related queries and requirements. While most secured loans require extensive collateral, HDB recognizes a wide variety of assets including commercial vehicles, long and short term investments, gold and jewellery, bonds, equities, property, ESOPs and a lot more.
HDB loan against property
The loan against property helps you utilize and leverage the value of your property to its fullest potential. This will help you take care of business related needs including expansion or other requirements with aplomb. Residential and commercial properties can be mortgaged with the help of HDB. Loans up to 60% of the market value of the property are given and the maximum amount possible is INR 8 crores. The maximum tenure is 180 months. There are low interest rates while swift processing is also assured. The balance transfer facility is offered along with loans against rent receivables (lease rental discounting) and loans for purchasing new shops/offices for businesses.
HDB personal loans
HDB financial services offers personal loans for vacations, home renovations, educational needs of children, weddings and so on. Loans are given up to INR 20 lakhs with tenures ranging between 12-60 months. There is no security required while doorstep service is also provided. Fast processing of loans is assured along with attractive interest rates. There are special offers for employees of selected companies.
HDB business loans
There are several business loan products available for meeting all possible needs including working capital, expansion and so on. Loans up to INR 30 lakhs are given without any collateral/security required. Tenures range between 12-60 months while interest rates are quite attractive. There are doorstep services available for customers along with special offers for self employed doctors.