HDFC vs. ICICI: Which Personal Loan is Better? | Get the Best Deals with Vizzve Financial
When looking for a personal loan, two of the top choices in India are HDFC Bank and ICICI Bank. Both banks offer competitive interest rates, flexible repayment options, and fast loan approval processes. However, choosing between them can be tricky. This blog compares HDFC vs. ICICI personal loans to help you make the right decision. Plus, learn how Vizzve Financial can assist you in getting the best loan deals hassle-free!
HDFC Personal Loan vs. ICICI Personal Loan: A Quick Comparison
| Features | HDFC Personal Loan | ICICI Personal Loan |
|---|---|---|
| Interest Rate | 10.50% – 21.00% | 10.75% – 20.50% |
| Loan Amount | ₹50,000 – ₹40 Lakhs | ₹50,000 – ₹50 Lakhs |
| Tenure | 12 – 72 months | 12 – 72 months |
| Processing Fee | Up to 2.5% | Up to 2.5% |
| Minimum Salary Required | ₹25,000 (Metro Cities) | ₹30,000 (Metro Cities) |
| Approval Time | Within 24 hours | Within 24 hours |
Which Bank Offers Better Personal Loan?
1️⃣ Interest Rates & Processing Fees
- HDFC offers slightly lower starting interest rates (10.50%) than ICICI (10.75%).
- Both banks charge up to 2.5% as a processing fee.
- Your CIBIL score and financial profile influence the final rate.
Verdict: HDFC offers a marginally lower interest rate but depends on eligibility.
2️⃣ Loan Amount & Tenure
- ICICI provides a higher maximum loan amount (₹50 Lakhs) compared to HDFC (₹40 Lakhs).
- Both banks offer similar flexible tenure options (12-72 months).
Verdict: ICICI wins for those needing a higher loan amount.
3️⃣ Approval & Disbursal Time
- Both banks promise quick approvals within 24 hours for eligible applicants.
- HDFC provides pre-approved offers to existing customers, making it slightly faster.
Verdict: HDFC may have an edge for existing customers.
4️⃣ Eligibility Criteria & Documentation
- HDFC requires a minimum salary of ₹25,000 in metro cities, while ICICI requires ₹30,000.
- Both require basic KYC documents, salary slips, and bank statements.
Verdict: HDFC is better for applicants with a lower salary.
Why Apply for a Personal Loan via Vizzve Financial?
Instead of comparing loan options manually, use Vizzve Financial for a one-stop solution to get the best deals on personal loans from HDFC, ICICI, and other leading banks & NBFCs.
✅ Benefits of Applying Through Vizzve Financial:
✔ Compare personal loan offers from multiple banks in one place.
✔ Get instant approvals and faster disbursal.
✔ Low CIBIL Score? No Problem! Vizzve helps you secure a loan even with a low CIBIL score.
✔ Expert Loan Assistance to find the best interest rates and repayment terms.
✔ No Hidden Charges – 100% transparent loan process.
How to Apply for a Personal Loan via Vizzve Financial?
Follow These Simple Steps:
🔹 Step 1: Visit www.vizzve.com
🔹 Step 2: Fill out the loan application form.
🔹 Step 3: Submit necessary documents (ID proof, salary slips, bank statements).
🔹 Step 4: Get instant loan approval and receive funds in your bank account.
📞 Need assistance? Call us at 8449844958 for expert loan guidance!
Final Verdict: HDFC or ICICI – Which Loan Should You Choose?
- Choose HDFC if you want a lower starting interest rate, faster approval, and a lower salary requirement.
- Choose ICICI if you need a higher loan amount and flexible eligibility options.
However, the best loan depends on your eligibility and financial needs. Instead of manually comparing options, apply through Vizzve Financial and get the most suitable personal loan with the lowest interest rates!
📌 Apply Now at: www.vizzve.com
📌 Call: 8449844958
📌 Email: support@vizzve.com