HDFC Bank Personal Loan

HDFC Bank Personal Loan
 4.0 / 5.0   by 1242 users
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Fees & Charges

Promised Interest Rate

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Responsiveness

HDFC Bank, which was incorporated in 1994, is the fifth largest bank in India by assets. Over the years HDFC Bank has won the trust of its customers and has become a market leader in personal loans. Enjoy triple benefits when you take a personal loan from HDFC Bank - Faster loan, competitive pricing, transparency. On BankBazaar.com you can check your eligibility in seconds for a HDFC personal loan by filling in a short form and you can apply online. Read on to learn about the eligibility and documentation requirements for HDFC personal loan.


You’re probably eligible for an HDFC Bank Personal Loan if you are

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HDFC Bank Personal Loan Minimum Age

At least 21 years old

HDFC Bank Personal Loan Maximum Age

Less than 60 years old

HDFC Bank Personal Loan Eligible Employment Type

Salaried or self-employed
with regular income

HDFC Bank Personal Loan Minimum Income

Earn more than the minimum
income required


Your HDFC Bank Personal Loan amount eligibility is based on these factors

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HDFC Bank Personal Loan Minimum Salary

Minimum income required
Rs.12,000 per month

HDFC Bank Personal Loan Maximum Loan Funded

Maximum allowed personal loan is Rs. 15 lakhs

HDFC Bank Personal Loan EMI

EMIs of other loans lower
your eligibility


Increase your eligible HDFC Bank Personal Loan amount by these steps

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HDFC Bank Personal Loan Payoff Outstanding Credit Card Bills

Pay off your credit card bills

“HDFC

Choose longer tenure loan up to 5 years


Documentation needed to apply for an HDFC Bank Personal Loan

  • 1. Signed application form with photograph
  • 2. Copy of passport/voter ID card/driving license
  • 3. Processing fee cheque
  • 4. Last 3 months bank statement/6 months bank passbook
  • 5. Documentation for salaried applicants:
    • Latest salary slip
    • current dated salary certificate with the latest Form 16
  • 6. Documentation for self-employed applicants:

    • Latest Bank statement
    • Latest ITR or Form 16

HDFC Bank Personal Loan Interest RatesUpdated on 01 Aug 2014

HDFC Bank Personal Loan Details
Interest Rate (Monthly reducing balance) 15.75% to 20%
Processing Fees Rs.1,000 to Rs. 25,000
Loan Tenure 1 year to 5 years
Pre-closure Charges 4% of pre-closed amount
Guarantor Requirement No guarantor required

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HDFC Bank Personal Loan Reviews

Customer Reviews
Page 1 of 50 1 2 3 4 5
  • Validated User

    Through BankBazaar, i applied personal loan with which is good. Response was good in terms of quick and faster response. Interest rates are very higher and services were faster in terms of documentation, verification. On line banking can be more approachable way as its not reflecting up the loan information in terms of EMI date, due payments etc.

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    took a Personal Loan from HDFC BANK on BankBazaar.com Reviewed on
  • Validated User
    (7)

    The best part of my personal loan with HDFC bank is document collection which was prompt and they intimated at first point of time about the documents. My documents was all collected within 24 hrs of application and disbursement was done within 2 days. On line banking is good in terms of automated detection of monthly payments and i do get updated.

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    took a Personal Loan from HDFC BANK on BankBazaar.com Reviewed on
  • Validated User
    (2)

    It was nice experience I had with my personal loan disbursement with HDFC. Verification part was too nice but the documentation process took a long time which is not good. The executive who was helping me was lacking in knowledge but other than that fine. Processing charges and interest rate can be quite less.

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    took a Personal Loan from HDFC BANK on BankBazaar.com Reviewed on
  • Validated User
    (4)

    The person who communicated from HDFC bank was good and responsive. But the interest rates are bit higher but they were not negotiable and intimated that its based on my eligibility. Processing charges are more or less the same compared with other banks. Executive who helped me beyond the office timings is too nice and I would surely appreciate him for his work done. And also initially one of the executive from HDFC helped me who was great.

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    took a Personal Loan from HDFC BANK on BankBazaar.com Reviewed on
  • Validated User
    (4)

    HDFC bank is the only bank they provide Personal loan. It was a great service but one thing is I need to wait for such a long time for disbursement where it took around 3 weeks. Executive was fine and documentation process itself took almost 15 days. Interest rate was also good.

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    took a Personal Loan from HDFC BANK on BankBazaar.com Reviewed on
  • Validated User
    (2)

    It was a nice processing in terms of my personal loan disbursement. Processing and disbursement together took around 3 days of time and the executive who came forward was good and updating me about everything. I get intimated about my EMI payments, due date through SMS alerts. The executive can be more responsive where in my part, i was keep on calling them to know the status.

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    took a Personal Loan from HDFC BANK on BankBazaar.com Reviewed on
  • Validated User
    (2)

    It was a great experience of availing a personal loan from HDFC bank through bank bazaar website. Documentation went well and the processing was much faster than other banks. Rate of interest is fine affordable but It would be better if it's reduces a little bit. I would suggest the bank to communicate about the insurance in advance before disbursing the loan.

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    took a Personal Loan from HDFC BANK on BankBazaar.com Reviewed on
  • Easy & convenient
    /images/customer_review/default-unknown-person.png
    PRABACHANDAR SEKAR, bangalore
    Recommend Recommended by user
    Validated User

    Everything was fine with HDFC bank. I recently availed a personal loan from HDFC bank via bank bazaar website. It was a good experience and the documentation was very easy. Processing time was much faster and the rate of interest is reasonable.

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    took a Personal Loan from HDFC BANK on BankBazaar.com Reviewed on
  • Validated User

    I like HDFC bank in terms of their promise they maintain about interest rates and its quite nominal like other banks. Documentation process was too long and the executive who came forward was not much updated on it. There was a communication gap. On line banking is simple and i have my account linked with HDFC.

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    took a Personal Loan from HDFC BANK on BankBazaar.com Reviewed on
  • Validated User

    I took the personal loan from HDFC through Bankbazaar as it intimated they offer with low interest rate. But during the disbursement, they had totally increased to 14% which is disappointing. This bank did not stick to the commitment what they had provided earlier. Even their conditions are not good. Customer executive needs to be more responsive.

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    took a Personal Loan from HDFC BANK on BankBazaar.com Reviewed on
  • Validated User

    I feel really good on availing a personal loan from HDFC bank couple of months ago. It was totally hassle free. Very easy & fast documentation and the processing time was just a week. Customer service is good and the executives are good in explaining the details about the loan. Rate of interest is lesser than other banks but still need to be reduced a little bit.

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    took a Personal Loan from HDFC BANK on BankBazaar.com Reviewed on
  • Validated User

    There is a hidden insurance which bank tries to give to customer along with loan. When you talk to there customer service they say that insurance is mandatory and it is standard but as per RBI norms it is not, thus when you argue and talks to manager it was waived off. Net banking is fine and payment is automated one.

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    took a Personal Loan from HDFC BANK on BankBazaar.com Reviewed on
  • Validated User
    (4)

    It was actually good in terms of quick and fast processing of my personal loan. But their response towards my queries was too late and even the bank employees keep on calling the customers which is not comfortable. They can maintain the time frame for contacting the customers. There can be a specific bank employee who can be in touch with the customer rather than many.

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    Fees & Charges
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    took a Personal Loan from HDFC BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    I recently availed a personal loan from HDFC bank last month through bank bazaar. Everything was good and the executive who met me for collecting documents was very friendly & helpful. Documentation was very easy and the processing time was much faster within just 3 days. I am fully satisfied with the rate of interest.

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    took a Personal Loan from HDFC BANK on BankBazaar.com Reviewed on
  • Good
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    SANKEERTHANA CHIRAMANA, chennai
    Recommend Recommended by user
    Validated User
    (1)

    It was a nice experience of availing a personal loan from HDFC bank couple of months ago. Everything was smooth including documentation however the processing time was little delayed upto 2 weeks because of verification. I am quite satisfied with the rate of interest offered to me.

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    took a Personal Loan from HDFC BANK on BankBazaar.com Reviewed on
  • Great service from HDFC
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    SAGAR SATISHCHANDRA SONTAKKE, mumbai
    Recommend Recommended by user
    Validated User
    (1)

    It was a great service from HDFC in terms of my personal loan. Loan disbursal was done on time and the executive who came up forward supported me and provided accurate information. Only the interest rate was not promised as what they quoted initially. On line banking is too good.

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    took a Personal Loan from HDFC BANK on BankBazaar.com Reviewed on
  • Great experience
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    SMITA SADANAND MESTRY, mumbai
    Recommend Recommended by user
    Validated User

    I have recently availed a personal loan from HDFC bank in the month of May'2014. It was very easy documentation and the processing time was just 8 days. Rate of interest was good because of a corporate discount. I think the processing fees & charges are little bit higher than other banks.

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    took a Personal Loan from HDFC BANK on BankBazaar.com Reviewed on
  • Very much customer friendly
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    SURYANARAYANA KALAGARLA RAJU , hyderabad
    Recommend Recommended by user
    Validated User
    (1)

    It was end to end perfect process with HDFC in terms of my personal loan. The Bank executive took up the initiative and intimated about the loan status at regular intervals and was well versed too. Processing was too simple. Overall it was customer friendly. Bankbazaar was one of the portal where it was easier for me to apply for the loan and getting it by a single login.

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    took a Personal Loan from HDFC BANK on BankBazaar.com Reviewed on
  • Great experience
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    SELVAKUMAR KANNIYAPPAN, chennai
    Recommend Recommended by user
    Validated User
    (4)

    Had a great experience of availing a personal loan from HDFC bank three months ago. Documentation was good and the processing time was around 2 to 3 weeks. Rate of interest was good. Only concern is the processing fees charged at the time of disbursal was quite higher than what was actually mentioned on the website. Also, there was no break up of charges on the loan agreement.

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    took a Personal Loan from HDFC BANK on BankBazaar.com Reviewed on
  • Validated User
    (8)

    Personal processing was too good and within 10 days of time my loan got disbursed. Documentation, verification process was better and Rate of interest, charges are all quite better compared with other banks. As of now, i don't get intimated about the EMI date, due payments etc. But it would be better if i get intimated so it would be helpful.

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    took a Personal Loan from HDFC BANK on BankBazaar.com Reviewed on
Customer Reviews
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