Business and Real Estate
What is the processing time for an HDFC personal loan?

When it comes to personal loans, HDFC provides the best offer to its customers. Since it’s an unsecured loan which implies that there is no submission of any security or collateral. One can use this loan for multiple purposes like clearing the debt of a credit card, marriage, home renovation. It is also beneficial for overcoming unwanted expenses. With a good CIBIL score and satisfying the eligibility criteria, a borrower can avail HDFC personal loan at a low-interest rate. So this article will describe how the personal loan from HDFC bank is the best tool to get over any financial need.
HDFC personal loan
Getting a personal loan from HDFC bank is an easy process. As it requires minimal paperwork for approval. The borrower can avail of a personal loan of INR 1 lakh that can go up to INR 40 lakhs. The applicable HDFC personal loan interest rate is 10.50% to 21.00%. Also, for salaried clients, processing fees of up to 2.50 percent of the amount borrowed are up to a maximum of 25,000/-.
Due to digitalization, you can apply for a personal loan through the loan assist app. Also, borrowers can apply for the loan by visiting the website of HDFC bank or ATM. If in case you find it difficult to apply online you can visit the nearby branch.
The minimum EMI chargeable per month is INR 2149 per lakh. The Personal Loan could perhaps be spent on almost anything, including education and training, house maintenance, emergencies, and vacation.
The term period for the HDFC personal loan is 1 to 5 years.
Borrowers can avail of the pre-approved loan if they are existing customers. It takes a few seconds to process this type of loan. However, for non-HDFC bank customers, the processing time is 4 hours.
Criteria that make you eligible for the Personal Loan
If you meet the eligibility criteria, you may apply for a Personal Loan:
- If a borrower is a salaried doctor, Chartered accountant, or an employee of any private limited company or a public sector, you are eligible to apply for a Personal Loan.
- Also, the borrower is between the ages of 21 and 60 years old.
- Borrower working for at least two years, with at least one year at your present company. Also, with a monthly net income of at least INR 25,000
USE EMI CALCULATOR TO COMPUTE THE MONTHLY EXPENSE ON LOAN
Use HDFC personal loan EMI calculator which is available on the online website to calculate the monthly installment of the loan amount borrowed. Fill in the basic details of the loan like principal loan amount, HDFC personal loan interest rate, and the tenure of the loan. Also, you can use the manual method to evaluate the EMI.
The basic formula for EMI Calculation is
EMI = p * r * [{(1 + r)^n} / {(1+r)^n-1}]
p – the HDFC personal loan amount
r- the HDFC personal loan interest rate on the debt.
The HDFC personal loan interest rate for monthly EMI= [(annual rate/12)/100]
N-term period of loan in months
For instance, you took out a Rs 8 lakh home loan with a 10.5% HDFC personal loan interest rate over 5 years.
r = [(annual rate /12)/100] = (10.5/12)/100 = 0.875/100 = 0.00875
n = 60
EMI = p x r x [{(1 + r)^n} / {(1+r)^n-1}]
= 800,000 x 0.00875 x [{(1 + 0.00875)^60}/{1-(1 + 0.00875)^60}]
= 800,000 x 0.00875 x [2.4802985]
EMI = Rs 15759
Your credit score has a significant impact on the HDFC personal loan interest rate. Banks and financial institutions look at a person’s credit score to determine his or her creditworthiness. It assesses a borrower’s ability to manage his or her credit. You will be provided with the greatest personal loan interest rate if your CIBIL score is over 750.
You must establish your trustworthiness as a new borrower for a personal loan by utilizing one of the various options, such as a credit card. This loan should be taken out for a minimum of six months. Make sure to pay your EMIs on time as well. Because late or missing EMI payments will affect your CIBIL score. Banks may be concerned that you may default on your personal loan or make late payments as a result of this.
Business and Real Estate
How To Choose The Right Commercial Contractor For Your Project?

Choosing the right contractor for any building project is certainly going to be key to the success of the project itself. After all, the main contractor could very well be involved in every single detail of the project. With that in mind, we can’t really overstate the importance of finding the right Calgary commercial renovation contractors for your particular project. What should you be looking for though, when you’re out searching for that right contractor? The easiest thing to point out, yet potentially the hardest thing to find is a contractor that you know you can trust. If this person or company is going to be involved in every aspect of the project trust is key. How can you build that trust or reach a certain comfort level with a group of people that you potentially just met?
The way that we see it, the contractor’s reputation has to speak for itself. This can make it hard for new companies to break into the market because as an investor what you probably want is someone with a proven track record. Staying on that subject of the proven track record another key to picking the right general contractor, commercial renovation oriented, is making sure they have experience in your niche. The term commercial building encapsulates so many different things. Yet, working on building a new hospital wing is not necessarily similar to setting up a restaurant. Making sure that the contractor you hire has experience with a similar project is another box that you potentially want to check.
The Price Tags Are All Over The Place
One of the things that you’re potentially going to find in your search for a contractor is that the price tags for the services of these contractors can be all over the place. Some of the more established companies in the region are going to have a high fee that you need to cover, and they won’t budge off that. On the other hand, up-and-coming contractors may be more willing to give you a bargain deal. More expensive work is not necessarily better work, but these companies are able to bring a higher level of experience to the table. This is in many ways what we’ve mentioned as the key to finding that right contractor. Finding the perfect balance between experience and a decent price with a sense of trust between both sides is pretty much all that you can ask for.
Make Of List Of The Things That Are Important To You
Should the company that you hire have experience with similar projects? That’s probably a must for sure! Is there a price tag that you don’t want to go over? What are other specific needs you have? If you make a list of the things that you want and you can cross reference that with what you’re being offered by the options that you look into you can make the selection process much smoother. Even if there is no perfect way to be able to find the right commercial contractor.
Business and Real Estate
Why You Should by Custom Pins?

You can have custom pins made in any shape, size or variety. You might get a reproduction of your organization’s logo. There are various expert reasons you could do this, whether it be for special purposes, part of a uniform, or even a sponsorship for a non-benefit occasion. As an individual, you might need to have a family pin made to distribute at the yearly get-together. Then again, perhaps your book club is praising its fifth year together and you would like a method for celebrating the event. Something different that has filled in ubiquity is to have a wedding pin made to pass out to every visitor as memorabilia of your exceptional day. There are numerous different motivations to use this one-of-a-kind help. Individuals love substantial articles, regardless of anything the size or worth. Basically, individuals love the stuff! Regardless of the occasion, what is preferable to give over something modified that they can wear on their lapel, satchel, cap, scarf, or tie?
Custom pins are accessible is a few assortments. One such assortment is Cloisonne. Cloisonne is the method of brightening metal. The hard lacquer Cloisonne pin is a metal pin that is played with polish and afterward prepared at a high temperature to fix the paint. It is then cleaned. At the point when done in this mold, the pin is smooth across the top.
Another assortment is the delicate finish. Delicate finish custom pins additionally have veneer fill, however, they are air-dried instead of prepared. The fill sits lower than the metal edges that structure the frameworks of the pin. This style of pin isn’t totally smooth across the top. It has a fairly raised frame. The delicate finish is a more affordable option in contrast to the hard polish.
The bite the dust struck pin is normally found in metal shades. It very well might be shaded, however, most frequently isn’t. These are the main sort of pins that made be done three correspondingly.
The photograph scratched pin is an option in contrast to the finish pin when you are needing something with a ton of detail. This is a more slender choice than the hard or delicate veneer.
At last, there is the photograph arch pin. These custom pins are fitted with a copy of the image you give and the epoxy is streamlined from the top to a pleasant domed completion.
You can track down organizations online that offer this kind of altered work. Some have valuing data accessible on their sites while others expect you to submit data on their statement structure. The data they will require normally incorporates your contact data, a depiction of the sort of custom pins you are hoping to arrange, and a duplicate of your craftsmanship. When you present this structure, the organization will handle your statement solicitation and reach you with an expected cost. Prior to consenting to have any work done, make certain to peruse the reached terms completely. Ask about creation time, yet additionally delivering time. You need to ensure that your request will get to you in time for the planned occasion.
Business and Real Estate
What are Micro-Credentials & what are their Benefits?

With rapid changes and development in technology, the current job structure has completely transformed. Many new job roles are emerging and becoming immensely vital for the organization. There is also a need for acquiring newer skill sets which means that the workforce has to gain new expertise to be able to flourish in the modern workforce.
Micro-credentials become extremely important in this scenario as they are the best tool for upskilling. They are a feasible means of acquiring competencies that allow one to carry out job responsibilities effectively.
Understanding micro-credentials
Micro-credentials are mini qualification that allow an individual to gain knowledge or expertise in a given area or domain. The skills that these nano degrees provide are very narrow and limited to particular expertise. Unlike diplomas or degrees that take several years to complete, micro-credentials imbibe all the necessary knowledge in a short time frame.
The expertise that you gain from these mini qualifications is immediately applicable to your job role. You can acquire a micro-credential in various fields ranging from social media marketing to even business communications.
These nano degrees are offered as digital badges which are given after you have successfully acquired a skill. Along with universities and colleges, you can also get these badges at work through practical job training.
Need of the hour
The business landscape has shifted drastically after the pandemic as every industry has adopted newer technological tools. This has greatly impacted job roles as responsibilities have upgraded. Revamping of work culture and the introduction of modern tools including the digitalization of every sector has left vast room for upskilling.
For example, the traditional form of marketing which was once the norm has now been replaced by digital marketing. Those part of the workforce who lost their job due to all these changes or are looking to adapt to the new work tactics can gain a lot from a micro-credential.
Also, the millennials and Gen Zs are keener to acquire skills that are directly applicable to the workplace and benefit a lot from such digital badges. There are many benefits that micro-credentials have which makes them immensely popular and useful in the current times
Benefit of microcredentials
Some of the main advantages that micro-credentials have are the following:
- Practical skill-building
In the age of micro content and bite-sized videos, everyone is looking for easier ways to gain new skills. Gaining any expertise is only useful if it is applicable to one’s current job role or can help them switch to something better.
Obtaining a micro-credential has an edge over other qualifications here as it imbibes necessary training that can be immediately applied to one’s work. It also allows you to illustrate to your employers that you have the necessary practical knowledge needed for the job profile. Those who are looking to become technologically competent can make great use of this mini qualification as well. They can easily learn how to navigate through the digital landscape in a short time.
- Feasible to learn
Talking of learning in a short time, not everyone can afford to go back to college or university to continually upskill. From a practical point of view, it makes no sense as it becomes a time-consuming and expensive way of learning.
On the other hand, micro-credentials can be acquired in a smaller time frame without burning a hole in your pocket.
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