Multiple banks. Different interest rates. Call it a "conflict of interest".

HDFC Bank Personal Loan

HDFC Bank Personal Loan
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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

01
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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 25 May 2015

HDFC Bank Personal Loan Details
Interest Rate (Monthly reducing balance) 15.75% to 20.00%
Processing Fees Up to 2.50% of the loan amount subject to a minimum of Rs. 1,000/- & Maximum of Rs. 25000/-
Loan Tenure 1 year to 5 years
Pre-closure Charges 13-24 Months - 4% of Principal Outstanding, 25-36 Months - 3% of Principal Outstanding,>36 Months - 2% of Principal Outstanding
Guarantor Requirement No guarantor required

About HDFC Bank Personal Loan

HDFC Bank is one of the most popular private sector banks in the country, known for its professional banking and financial services. HDFC Bank is a market leader in personal loans as it offers a triple advantage to all loan applicants. Minimal documentation, quick loan approval and assured transparency makes HDFC bank the preferred choice of thousands of satisfied loan borrowers. HDFC Bank offers Personal Loans for both salaried and self employed individuals ranging from Rs. 50,000 to a maximum limit of Rs. 15 lakhs. With a flexible loan tenure ranging 12 to 60 months and a competitive interest rate, HDFC Bank offers one of the best personal loan services in the country.


The money borrowed through HDFC Bank personal loan can be used as per the needs and requirements of the applicant as there are no restrictions regarding the end use of the amount availed. Personal loans from HDFC Bank can be used for any immediate or short term financial needs like wedding expenses, home renovation, medical expenses, overseas travel, starting a new business or even in times of unexpected financial crunch.


Personal loans from HDFC Bank require no guarantor, security or collateral prerequisites and the bank offers instant loans approved in less than a minute.HDFC Personal Loan comes with a number of added benefits including a Personal Accidental Cover of up to 8 lakhs along with a Critical Illness cover of 1 Lakhs.

Why choose HDFC Personal Loan?

Taking a personal loan is no small undertaking, however, it need not be as painful, applying for one, as many people seem to believe. HDFC personal loans are designed to ensure that you have funds when you need them so that you can dispense them at your leisure. They have even introduced schemes that are meant to flatter the applicant and make the whole process of figuring out the eligibility for the HDFC personal loans quick and simple. There is some trepidation when it comes to applying for a personal loan for the very first time, but with HDFC all applicants are given a fair chance and all judgements, for the approval of the loan, are made on the basis of the same eligibility criteria as is applied to everyone else.

Many people prefer HDFC personal loans due to some or all of the below mentioned factors:


Minimal Documentation: HDFC Bank personal loans come with minimal documentation and quick loan disbursal. HDFC Bank has one of the fastest loan approval time compared to a number of other public sector and private banks.


Attractive Rate of Interest: HDFC offers personal loans at very competitive interest rates. Personal loans with HDFC Bank start as low as 15.75% interest rate.


Special Offers for Women Applicants: HDFC Bank offers a specialized discounted scheme for women known as the Personal Loan Diva Scheme. This scheme offers pre approved personal loans of Rs. 3 Lakhs to women applicants along with more than 100 Diva offers across various premium brands and products.


Dedicated Customer Support Helpline: HDFC Bank understands the need of customer support and service and has a 24/7 support helpline across all formats. Applicants can reach out to the bank through SMS, Webchat, Click2Talk and Phone Banking.


Free Insurance Cover: All personal loans approved by HDFC Bank come with an added benefit of personal accidental cover of up to 8 lakhs along with a critical illness cover of 1 Lakhs without any extra charges.


Features of HDFC Personal Loan

Personal loans from HDFC Bank come with a number of added benefits and incentives. HDFC Bank is known for their easy loan application process and wide branch network in every small town and even in many Indian villages. HDFC Bank also ensures maximum quantum of loan is offered to each applicant as per their financial credential, repayment history and CIBIL score. Some of the main advantages that make HDFC personal loan such a popular choice with loan applicants include:


Quick Loan Disbursal: HDFC Bank makes sure that loan applicants do not have to go through any long delays and has one of the fastest loan disbursal time compared to a lot of their private sector as well as public sector banks in the country.


Low Interest Rates: HDFC Banks offer competitive interest rates with loans available for salaried, self employed individuals, working professionals. Loans from HDFC Bank start as low as 15.75% interest rate for salaried individuals.


Online Loan Requests: HDFC Bank has been one if the pioneer banks to embrace technological up gradation. Taking this trait forward, HDFC Bank offers online loan applications and submissions with instant approval.


Low Prepayment Charges: HDFC Bank offers substantially lower prepayment charges for personal loans compared to other banks. Prepayment charges are completely waived off after a period of 36 months.


Why apply for HDFC Personal Loan on BankBazaar.com?

HDFC Bank has collaborated exclusively with BankBazaar.com, India’s most popular and well known financial marketplace to offer loan applicants an online loan submission facility. Users seeking personal loans with HDFC Bank can now simply use the online loan application tool at BankBazaar.com to check their loan eligibility and submit their loan applications if eligible.


Instant Loan Eligibility Check: The loan calculator tool at BankBazaar.com checks for personal loan eligibility for each applicant as per his or her financial details. This quick loan eligibility makes sure users do not have to spend a couple of days to know their eligibility for a personal loan. They can also apply for the loan instantly without visiting a bank branch.


Personalized Loan Quotations: BankBazaar.com’s loan calculator tool offers personalized loan offers for each applicant depending on his or her desired loan amount, tenure and personal financial track record.


Low Interest Rates: Loan applicants using Bankbazaar.com personal loan tool are offered the best rate of interest for their personal loan due to the active collaboration between HDFC bank and BankBazaaar.com.


Instant Approval: Eligible candidates who apply for HDFC Personal Loan through BankBazaar.com are given an instant e-approval, making them assured that their loan application has been processed, approved and forwarded to the designated loan department of the bank.


Real Time Tracking Facility: Users who submit their loan application online using BankBazaar.com can track the updates of their submission form using both email and SMS updates.


24/7 Customer Support: BankBazaar.com has a dedicated 24/7 customer support and helpline which is always ready to help with any grievances or questions from loan applicants.


How to apply for a HDFC Personal Loan on BankBazaar.com?

With BankBazaar.com, applying for a HDFC Bank personal loan is a simple 3 step process.


Step 1: Fill up the loan eligibility form with correct personal and financial details. The tool checks for your personal loan eligibility instantly as per HDFC’s norms and offers customized loan options available for you.


Step 2: You need to choose a loan option as per your need and repayment capacity. At this stage, you can compare various loan options and choose the most appropriate one.


Step 3: After choosing the plan, click submit. Now you receive an instant e-approval from BankBazaar.com.


We forward your application electronically to the loan processing department of your nearest HDFC Bank branch and the bank gets in touch with you very soon. Users can also check the status of their loan application through SMS alters as well as emails.

HDFC Bank Personal Loan Interest Rate

HDFC Personal Loan Interest Rates are very attractive and hard to overlook. If an applicant applied for, and was found eligible for, a personal loan from HDFC then he/she will pay an interest rate between 15.75% and 20% if they are salaried individuals. For those who default on payments the interest rate charged is 24% per annum on the outstanding amount from the date of default. If an individual chooses to cancel the loan the bank will retain the processing fee and will also charge an interest for the time between the issuing of the loan to the date it was cancelled on. No other charges will be levied in this case.


Rack interest rate Salaried - 15.75% to 20%
Loan processing charges Up to 2.50% of the loan amount subject to a minimum of Rs. 1,000/- & Maximum of Rs. 25000/- for Salaried Customers.
Prepayment Salaried - No pre-payment permitted until repayment of 12 EMIs
Pre-payment charges 13-24 Months - 4% of Principal Outstanding, 25-36 Months - 3% of Principal Outstanding,>36 Months - 2% of Principal Outstanding
Loan cancellation charges NIL (However client would be charged interest for the interim period between date of loan disbursement and loan cancellation and processing fees would be retained.)
CIBIL Report Copy Charges Rs.50 per copy

HDFC Bank Personal Loan Eligibility

HDFC Bank offers personal loans to all applicants fulfilling the basic eligibility criteria.

  • If the applicant is salaried, which is to say that he/she is an employee of a private limited company or works for a public sector undertaking or a state or local body then they are eligible. Even doctors and chartered accountants are eligible to apply.
  • The applicant must be between the ages of 21 and 60 years old.
  • He or she must have a minimum of 2 years of work experience.
  • When applying for a loan, the applicant must have worked with the current employer for a minimum period of 1 year.
  • The net monthly income of the applicant should be Rs 12,000 per month or more.
  • If the applicant is a resident of any of the following cities then he/she should have a minimum net monthly income of Rs 15,000 per month. Ahmedabad, Bangalore, Calcutta, Chennai, Cochin, Delhi, Mumbai.
  • CIBIL scores will also be taken into account while deciding the eligibility of the applicant.

Eligibility Criteria for Salaried Individuals

Age 21-60 years
Minimum Monthly Income Be earning at least Rs. 12,000/- per month net income (Rs. 15,000/- in Mumbai, Delhi, Bangalore, Chennai, Calcutta, Ahmedabad, cochin)
Loan Amount Rs, 25000 to Rs, 15,00,000
Processing Fee Up to 2.50% of the loan amount subject to a minimum of Rs. 1,000/- & Maximum of Rs. 25000/- for Salaried Customers.
Tenure 12 Months to 60 Months
Interest Rate 15.75 to 20%

Eligibility Criteria for Self Employed Individuals and Working Professionals:

Age 25-65 Years
Minimum Income Rs 60000 p.a. taxable income for Doctors and CAs. Rs 100,000 p.a. taxable income for Engineers, MBA Consultants, Architects, CS.
Maximum Loan Amount Rs. 15,00,000
Tenure 12 Months to 36 Months
Interest Rate 14.5 to 15%

How to calculate EMI for HDFC Bank Personal Loans

BankBazaar.com offers users a unique and state-of-art tool to calculate EMI for their loans in one click. BankBazaar’s online Personal Loan EMI Calculator is instant as well as accurate. Users can thereby understand their expenses towards the planned loan and adjust the tenure or loan amount to avoid later surprises.

BankBazaar.com’s online EMI calculator tool is very simple to use. All you need to do is to type the preferred loan amount, loan tenure and the applicable rate of interest. The EMI calculator then calculates and displays your EMI liability for the loan.

HDFC Personal Loan FAQs

  1. How do I know if I am eligible for HDFC Personal Loan?

  2. If you wish to apply for HDFC Bank personal loan, you can apply it with ease at BankBazaar.com. You may fill the online quick application form with your personal and financial details. Our loan calculator tool automatically checks your Personal Loan Eligibility and sends you instant quote.

  3. What are the advantages of applying HDFC Bank personal loan with BankBazaar.com?

  4. There are many advantages of applying for a HDFC Personal Loan online through BankBazaar.com. You can avail the best possible rate of interest for all online loan application submitted to HDFC Bank through BankBazaar.com. Another advantage is instant e-approval of loan with real time tracking facility for the loan application.

  5. What is the minimum and maximum amount of Personal Loan that I can get with HDFC Bank?

  6. HDFC Bank offers personal loan after considering the monthly income and other liabilities of the applicant. Personal loans are available from a minimum limit of Rs. 50,000 to a maximum of Rs. 15 Lakhs depending on the repayment history and personal financial credentials of the individual borrower.

  7. What is the tenure for which I can avail a Personal loan with HDFC Bank?

  8. HDFC Bank offers a tenure period of 12 to 60 months for salaried individuals and 12 to 36 months for self employed individuals and working professionals. The bank can however expand the tenure up to 60 months for self employed people in some cases.

  9. Does BankBazaar.com Charge for its Loan Calculator Tool Facility?

  10. BankBazaar.com loan calculator tool is absolutely free to use and there are no hidden charges for all the services you avail through us.

  11. Is BankBazaar.com providing any assistance for tracking my loan application?

  12. BankBazaar.com offers loan applicants with an active tracking tool through both email and SMS allowing users to track daily updates of their loan application. Updates are also provided by SMS to each loan applicant.

  13. How to use BankBazaar.com EMI Calculator Facility?

  14. BankBazaar.com offers a unique EMI calculator tool allowing users to get a unique insight into their loan EMI. Users can use the tool to know the EMI breakup for all loans in one click, after entering the loan amount, tenure and rate of interest.

  15. I am skeptical of sharing my personal data online. Is it safe?

  16. BankBazaar.com is a premier financial portal and does not share any data with any third party other than the financial institution concerned. All data is sent in electronic form with high level of encryption making it safe and secure at all times.


News About HDFC Bank Personal Loan

  • HDFC Bank to launch social media channel

    HDFC Bank is set to connect with the masses through social media. Three months from now, a new, viable channel, social media banking will enhance the bank’s online channel.


    Social media banking will work through the bank’s mobile app called Chillr. Currently, customers can transfer funds via the phone’s contact list. This will be enhanced to allow payments to be made to merchants as well.


    To strengthen its online internet and mobile channels, HDFC Bank has launched different initiatives such as video banking, an iWatch app, Chillr, mobile apps in different languages and 10 second loans online. The bank has received a strong response to their initiatives and has seen a shift from traditional branch banking to online channels. Mobile banking has recorded a Rs.2,500 crore increase in value from Rs.3,500 crore in Sept. 2014 to Rs.6,000 crore in Mar. 2015.

    21st May 2015

  • HDFC Bank to set world record
    with personal loans in 10 seconds

    Come May 2015, HDFC Bank will beat global records with the introduction of personal loans that can be availed within 10 seconds. This will be offered to the bank’s current customers through net banking. This service will be available throughout the day which means the customers can access funds through these loans at any time of the day or night.


    The scheme is still in the testing phase, due to be completed for launch in three weeks. With a 10 second turnaround time, this tops Poland’s MBank which disburses loans in 30 seconds. This has been effected with the help of improved technology. Credit bureaus and analytics have also played a major role.


    Once implemented, this scheme is set to redefine retail banking in India and strengthen HDFC Bank’s position as a leading player in the banking industry.

    4th May 2015

  • HDFC Bank plans to launch mobile banking app for Apple watch

    HDFC Bank, the second largest private sector bank of India, is planning to launch i-watch or watch banking designed for Apple watches. It will be the first of its kind. The app is set to launch by the end of April. HDFC will be the fourth bank in the world to have such an app.


    HDFC Bank provides financial products and services to 28.9 million customers. It offers services of savings account, current account, auto loans and agricultural loans and demat account. The bank was incorporated in August 1994.

    23rd April 2015

  • New Mobile Solution for Merchants by HDFC Bank.

    India’s largest private sector bank, HDFC Bank is going to launch a mobile solution for merchants to help customers who like to buy goods and services over the phone. HDFC Bank develops this solution to hit the growing e-commerce market. This new service will be launched nationwide. As per this service, a merchant will get a console when he signs up for the service with HDFC Bank, which can be operated from his desktop and mobile. It enables merchants to send a bill or attach a picture to a customer from his mobile phone or desktop. The customer will receive a link through SMS or email which will lead to a payment page where the customer can safely enter his card details and make the payment.


    This new service offered by HDFC Bank will greatly benefit small merchants. The service comes with a plethora of benefits like receiving a merchant’s bill on mobile phones or desktops for which no app is required. Customers can pay instantly through their mobiles. This improves convenience for merchants and customers. The service will highly benefit restaurants, service providers, florists, grocers, small shops, e-tailers, chemists and professionals.

    13th March 2015

  • HDFC Bank Looks Towards Raising Fresh Capital

    HDFC Bank Ltd is planning to raise about ?4,500 crores through infrastructure bonds by the end of next month. Fresh out of a share sale earlier this month, HDFC Bank is all set to cash in on the expanding economy as well as falling rates – a trend that will continue for the next two fiscals.

    As retail demands gain traction, the applications for retail personal loans is also increasing. The banking sector is seeing a decline in stress as falling interest rates, lower inflation, and higher economic activity have helped raise capital.

    Following in the footsteps of Axis Bank Ltd, Kotak Mahindra Bank Ltd, Andhra Bank, and ICICI bank Ltd, HDFC Bank is all set to increase its presence in the infrastructure lending sector – currently amounting to 15% of its overall business. By doing this, the bank will feel no pressure from the RBI to give up to 40% of overall loans to small businesses, agriculture, and financially weaker sections of the country, as is the norm in all other sectors of lending.

    23rd February 2015

  • HDFC Bank’s Personal Loans Segments Prompt Credit Growth

    Even as HDFC Bank’s net profit showed a 20% increase for the third-quarter of its fiscal year, loan growth remains a point of focus for improvement. The country’s second-largest lender saw loans grow 17% in Q3, which was not comparable to growth in prior quarters but considering the backdrop of a poor economic environment in preceding years, loan growth across banks has been muted. This prompted many banks to push for growth in the unsecured loan segment.

    HDFC Bank’s retail loan book saw a rise in personal loans, as did most banks vying for business amidst poor uptake from corporate segments. Credit cards also presented opportunities for more business which the bank capitalised on. However, unlike many other banks, HDFC Bank maintained quality loan accounts and its bad loans remained at an admirable 1%.

    Although banks did witness rise in demand for credit from the corporate segment, it was mainly from the SME borrower-class which is considered riskier than large corporate borrowers.

    Until large corporates and secured retail loans show greater increase in demand, banks such as HDFC Bank will have to continue to strive for profits through quality retail loans and controlling operating costs.

    17th February 2015

  • HDFC Bank Posts 20.2% Growth In Q3 Net Profits

    HDFC Bank, India’s second largest lender after State Bank of India (SBI), posted a growth of 20.2% in net profits for the third quarter of the fiscal year. This increase is attributed mainly to an increase in loans, which saw a 17% increase for the quarter. Loan growth was prompted by demand for corporate credit, which saw an uptick in response to economic growth expectations. Retail credit also saw growth and both segments are expected to continue on an upward trend with more positive economic policy impetus from the government.

    The economic slowdown experienced during the Congress-rule was reflected in banks’ loan books. Lending to corporates had reduced with companies holding off on expansion activity. Banks, vying for business took on sketchy customers which resulted in an increase in NPAs. However, unlike many public-sector banks which faced this issue, HDFC Bank maintained its asset quality keeping bad loans at bay.

    Positive Q4 results are expected given a positive economic outlook and the strong capital stance of HDFC Bank to meet expected credit growth.

    16th February 2015

  • Comparison parameters for personal loans!

    Currently there is a plethora of loan products that are being launched on a regular basis by the competing financial institutions in order to woo the prospective borrower. The range of personal loan products that available in the market is wide and often confusing. Choosing the right personal loan product that suits your requirements best can be quite a daunting task. Here are a few parameters that can be used to evaluate the suitability of a personal by comparison among similar products available in the markedly currently. Read more

    3rd May 2014

  • How EMI break ups are done in personal loans?

    While it is not very difficult now to take a personal loan, it is not so simple to pay back the loan. This is because personal loans are unsecured loans, and come with high interest rates. As a result, the Equated Monthly Instalment factor (or the EMI) can be a drain on your salary, depending on the amount and tenure for which you borrow. Read more

    11th March 2014

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HDFC Bank Personal Loan Reviews

Customer Reviews
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  • Validated User
    (0)

    ICICI Bank is much better than HDFC Bank in processing the request. As HDFC Bank took more than 15 days of time to provide the loan. I have to call up them to check and I have follow-up with them. Anyways this loan is paid off successfully without any hassle.

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

    I have taken a Personal Loan with HDFC Bank. The customer service is good. Infact I approached the bank directly and they responded very well. They even suggested the type of documents whch are required and not required which made things more easy for me.

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    revanth took a Personal Loan from HDFC BANK Reviewed on
  • Validated User
    (0)

    Personal loan process was smooth and convenient. I got everything on time and dislike is that at times the executive was not active to contact in day time. I was able to catch him only after office hours and it might be because of his busy schedule but HDFC can look on to this. Comparatively the rate is low.

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

    HDFC bank followed me well but they sanctioned the loan amount very later otherwise good in service. I was looking for high amount of 3lakhs and 50k but got approval of only 2.5lakhs. Charges for personal loan was mentioned something but they deducted around 6thousand.

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

    I had a wonderful experience with HDFC while getting a personal loan.The customer service provided was really good and the interest rate offered was also really good.They were providing service towards the commitments and I was not having any situation to call them because the loan was disbursed within 2days.

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

    As per HDFC bank terms and conditions they offered interest for 18.5% but when I researched with other banks the interest was 12.5%. I just got loan amount of 1.5lakhs and for this small amount they fixed 18.5% and around 5.5k have been deducted as service charge. In this regard I suggest HDFC to decrease the rate for personal loan.

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

    HDFC is really good and the service provided by the Bank while getting a loan was amazing.The process was really fast and the interest rate offered would have been little better.I feel HDFC is a right option for loan process and I will surely recommend this Bank

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

    I think that HDFC bank gave me 13.75% of interest rate and service was very fast. I made around one thousand for service charge and availed loan amount of 6 lakhs. Paper works for personal loan was completed in my residence and the document agent was knowledgeable.

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

    First time I am taking the personal loan and HDFC bank coordinated well but they could have been reduced the interest rate as it is high. My expectation was 12% but got it for 18%. Charge is not bad but it is affordable. Top up loan can be availed after six months of the period.

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

    Likes about HDFC bank is that they kept their words and disbursed the loan amount on promised time. I have no hard feelings about bank whereas the person who was handling my personal loan was delayed and never responded so it made me to visit the branch to get things done. HDFC bank is doing their level best.

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

    If I compare HDFC bank with other banks, the HDFC is doing good and responsiveness is proper to customers. It is my first personal loan and havenâ??t compared the rate with others. HDFC gave good support and they guided me well throughout the process.

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

    I took personal loan from Hdfc bank. Its good. I am an existing customer of this bank. I had no issues with the customer service . Interest rate was 13.5% is reasonable as per the market. Once I went to the bank for document purpose. I found they were little un professional. So it would be better if the agents be more customer friendly in a professional way.

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    rajkumar took a Personal Loan from HDFC BANK Reviewed on
  • Validated User
    (0)

    The personal loan process was very simple and time to disburse my loan amount was too short. Entirely they just took three days to complete the process after all documentation was done. My requirement is of 1lakh from HDFC bank and asked for one year of tenure but they gave 3years so automatically the rate got increased.

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

    No doubt that experience with HDFC bank was good and like to appreciate about the personal loan processing. Could not recall the charge structure but it is reasonable. Havenâ??t asked about partial payment options. Payment date 5th is comfortable to clear the EMI.

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

    I had the experience of personal loan with HDFC bank for the capital of 5 lakhs rupees.They provided with the rate of interest as 13.45%.On that time that was the best rate of interest.The responsiveness with the customer is also good.The service is also better far.

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

    I would not appreciate response of HDFC bank. Initial commitment that made for personal loan is like 14% with 1% of processing charge but later the bank fixed as 18.5%. I struggled a lot to reduce the interest rate and eventually they done it for 16%. Following the commitment is much important and the details that the executives sharing need to be forwarded in written statements.

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

    I did not get any concession on services charge for personal loan. HDFC is not at all a good as they took a long time like around a month. Verification was very fast and very good otherwise. Fore closure is normal as they have taken only 3% and they gave 2% discount in interest rate.

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

    Response was very fine from HDFC bank for personal loan but bit not satisfied with the interest rate because it is like 18%. Even fee and charges are high. However I availed the loan by seeing their service and HDFC took only minimal duration to deliver the funds.

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    amit took a Personal Loan from HDFC BANK on BankBazaar.com Reviewed on
  • Validated User
    (1)

    I got the personal loan with HDFC bank with the pretty good rate of interest.It took around 4 to 5 days to disburse the loan.The documentation was really good and pretty awesome.The negative is there was no foreclosure until 12 months that needs to be taken care.

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

    HDFC Bank personal loan process is really smooth. They have disbursed the loan amount on time which is 10 days. However they have not provided the required amount I was in need of some additional amount it was only towards the end I got to know the loan amount was less. Its an ongoing loan and I am getting my statements on time.

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