Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 1 HDFC Personal Loan Eligibility Calculator
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    10.99% - 20.75% Fixed
    Up to 2.5% One time fee
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    Paperless approval available
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    HDFC Personal Loan Eligibility Calculator is Rated as "Great!" by 13936 Users

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    HDFC Personal Loan Eligibility Calculator

    About HDFC Bank Personal Loan

    HDFC Bank offers personal loans with flexible spending options for individuals at competitive interest rates and with many repayment options. These loans can be taken in times of need to meet large, obligatory expenses that regular savings cannot. HDFC Bank promises quick, competitive, transparent and fully customizable personal loans.

    HDFC Personal Loan Eligibility for Salaried and Self-Employed Applicants

    Particulars Salaried Self-Employed
    Age(Min-Max) 21 - 60 years 25 - 65 years
    Minimum Income Rs.12,000 per month (net income). Rs.15,000 per month in Delhi, Mumbai, Chennai, Bangalore, Calcutta, Hyderabad, Ahmedabad, Pune and Cochin. Rs.1 Lakh p.a.
    Co-applicant Not mandatory Not mandatory
    Loan Tenure 12 – 60 months 12 – 60 months
    Maximum Loan Amount Rs.15 Lakh Rs.20 Lakh (Up to Rs.50 Lakhs in selected locations).
    Employment/Business Continuity Have had a job for at least 2 years, and a minimum of 1 year with your current employer. 4 years Post Qualification experience for Doctors/ Chartered Accountants. 5 years Post Qualification experience for Company Secretary / Architect.
    CIBIL Score 750 and above 750 and above
    Apply for Personal Loan

    Factors affecting Eligibility of HDFC Bank Personal Loans

    Many factors affect applicants eligibility when it comes to personal loans. Banks consider people eligible on the basis of their ability to repay the loan, and their financial standing. Some of the factors that affect a person’s eligibility are:

    • City of residence. It’s far easier to get a loan sanctioned in a metro city like Bangalore, Chennai, Mumbai or Delhi, than in other cities.

    • Income. Your level of income dictates how much you will be able to pay back as EMIs, this directly affects the total loan amount that can be sanctioned. Hence, the higher your income, the more likely you are to be approved for a personal loan from HDFC Bank.

    • Your age. If you’re too young, you’re a risky candidate as young salaried people shift jobs often to exploit opportunities, but there’s a chance that one job shift might fail, and leave you unemployed.

    • Type of employment. Salaried individuals and salaried professionals stand a better chance to get loans sanctioned on better terms than other self-employed applicants. This is because salaried people get regular incomes on fixed dates and can have EMIs due deducted directly from their salary accounts. Self-employed people must rely on market conditions and the demand for their products in order to earn an income. This is an inconsistent income that may sometimes not even be enough to meet the EMI payment requirement.

    • Employment status. There is an inherent sense of security in applicants who’ve stayed at a company for a long time, as they will probably stay there for longer. It takes a while for young salaried people to find a comfortable job that takes care of all their needs – once you find that stable job, you’re most eligible for a personal loan from HDFC Bank.

    • Residence type. Applicants who live in a residence that’s owned by them are more likely to get a loan approved, and on better terms. This is because the bank will have a set location to find them in case they default, and because there’s no part of their income being spent on rent. People living in rented houses must pay an amount of their salary as rent, lowering the disposable income left over to pay EMIs. Also, it’s easier for a person living in a rented place to abscond in case they feel they cannot keep up with EMI payments.

    • Duration of residence in application location. How long you’ve been living and working in the location from which you’re applying for a loan has a huge impact on your eligibility. The longer you’ve been living in a certain place, the higher are the chances of getting a personal loan approved on your terms. HDFC Bank will give more preference to applicants who’ve lived in the city for longer.

    How CIBIL score affects your HDFC Bank Personal Loan Eligibility?

    HDFC Bank looks into your CIBIL credit report while reviewing your application for a personal loan. A CIBIL score that’s over 700 will merely enable you to be eligible, but a score above 800, and closer to 900 will increase HDFC Bank's confidence in your ability to repay your loan.

    Your previous loan and credit card repayment history will also play an important role in instilling confidence in HDFC Bank that you can and will repay your personal loan.

    Your CIBIL credit report also contains details of the types of loans you’ve taken in the past. A ratio that shows you’ve taken more secured loans than unsecured loans works in your favour.

    In the past, if you’ve been unable to repay your loan and have arranged for a settlement with the bank, HDFC will consider this to be a negative mark and will reduce your loan eligibility.

    How to increase HDFC Bank Personal Loan Eligibility?

    • Maintain a clean credit history. Ensure that you always clear your debt, on time and on the terms you’ve agreed on with the lender. This increases your CIBIL score, and eligibility.
    • Lower EMIs on existing loans. A large factor that affects your eligibility is whether you already have a loan on your name for which you’re making EMI payments. It’s advised to take loans for longer tenures, as the EMIs paid monthly will be lower, thus showing that you have more funds to pay back your HDFC personal loan with.
    • Prepayment. Paying off your existing loans before taking a new one is highly advised. A lump sum prepayment will settle your existing loan, increasing your eligibility for your new HDFC Bank personal loan.
    • Maintain a good mix of secured and unsecured loans. Secured loans are looked at more favourably.
    • Don’t over leverage yourself. Applying for too many loans and paying off 2-3 EMIs every month can take its toll on your financial (and mental) health, and no bank will allow you to overleveraged yourself by adding one more EMI to the mix.

    FAQs on HDFC Bank Personal Loan Eligibility

    Q. What are the age limits for individuals who wish to get a personal loan from HDFC Bank?

    A. For salaried individuals: Applicants must be between 21 and 60 years of age to apply for a HDFC Bank personal loan.

    For self-employed and salaried professionals: Applicants must be between 25 and 65 years of age.

    Q. What is the level of work experience required for salaried individuals who wish to take a HDFC Bank personal loan?

    A. Applicants must have been employed for a minimum total of 2 years and at least 1 year with the current employer.

    Q. What is the income requirement for people who wish to take a HDFC Bank personal loan?

    A. For salaried individuals: Regular income of at least Rs.15,000 per month if the applicant resides in Mumbai, Delhi, Bangalore, Hyderabad, Chennai, Pune, Kolkata, Ahmedabad, and Cochin. For other cities, the minimum income requirement is Rs.12,000.

    For self-employed and salaried professionals:Working professionals like doctors and CAs must have a regular taxable income of Rs.6,00,000. Engineers, MBA consultants, Architects, CS, etc. must have an annual taxable income of Rs.10,00,000.

    Q. Is there any collateral or guarantor required for HDFC Bank personal loans?

    A. No, there is no security, collateral or guarantor required to avail a personal loan from HDFC Bank.

    Q. What are the minimum and maximum loan amounts that can be sanctioned through HDFC Bank personal loans?

    A. Loans are sanctioned from Rs.25,000 to Rs.15,00,000.

    Personal Loan Reviews

    • HDFC Bank Personal Loan
      "Average service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with HDFC bank, it was overall a good loan experience. The loan amount was for Rs 4 lakhs with the rate of interest of 15.78% which is high when compared to other banks. I submitted all my documents online and the process was very smooth. Customer service was good and they responded on time. My loan amount was approved within a week which is a normal time.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Nov 18, 2017
    • HDFC Bank Personal Loan
      "Need to improve service"
      0.5 3.0/5 "Satisfactory"
      I have applied for a personal loan with HDFC bank. They took a longer time to disburse. I applied in 1st week of September 2017 and the loan got disbursed at 28th September 2017. They offered me the personal loan with the processing fees and insurance Rs. 3600 and around 13% - 14% as rate of interest. I asked them for an email confirmation but till now it is not received.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 18, 2017
    • HDFC Bank Personal Loan
      "GOOD"
      0.5 4.0/5 "Great!"
      It was a good customer service form the HDFC bank side for the Personal loan . As i am living in Bangalore i wanted a call from the Bangalore branch but instead to that i received call from my native home branch . Rest every thing was good from the bank .
      Was this review helpful? 0
      , tenkasi
      Reviewed on Nov 18, 2017
    • HDFC Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      My personal loan experience with HDFC was good, there was no delay in processing and the process was smooth. It took one week for the loan to get approved which is a normal time. I have taken loan for Rs 2.5 lakhs with the rate of interest of 14.5% which is high comparatively. No documents were required as i already hold a salary account with this bank.
      Was this review helpful? 0
      , delhi
      Reviewed on Nov 18, 2017
    • HDFC Bank Personal Loan
      "Services are good"
      0.5 5.0/5 "Blown Away!"
      I recently took my personal loan from HDFC Bank. It has been just three months now. The interest rate was around 11.20% and the customer services was perfect. There was no delay and the I was comfortable with the whole process. The after loan services are good too.
      Was this review helpful? 0
      , tiruchirapalli
      Reviewed on Nov 18, 2017
    • HDFC Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have applied for a personal loan with HDFC bank before 2 years and it's still active loan. They collected the documents by next day and within 10 days my personal loan got approved and disbursed my funds after my documents submission. They offered me the loan with 8.5% as rate of interest and the processing fees is Rs. 20000.
      Was this review helpful? 0
      , rewari
      Reviewed on Nov 18, 2017
    • HDFC Bank Personal Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I took a personal loan from the HDFC bank . The bank gave me a Full approval on the amount i asked for .the amount got Disbursed in a day to my account . The Rate of interest was a bit it was I6% and the processing fee was nominal but the bank did not provide me Pre closure part payment option .
      Was this review helpful? 0
      , jodhpur
      Reviewed on Nov 18, 2017
    • HDFC Bank Personal Loan
      "Average service"
      0.5 4.0/5 "Great!"
      I have applied for the personal loan from HDFC bank, my loan application was closed because there was no requirement of loan as of now, i am planning to get the loan in month of February. Customer service from HDFC bank was good, they responded on time. The rate of interest is high when compared to others in the market.
      Was this review helpful? 0
      , surat
      Reviewed on Nov 18, 2017
    • HDFC Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have applied for a personal loan with HDFC bank. They collected the documents by next day and within a week my personal loan got approved and disbursed my funds after my documents submission. They offered me the loan with 10.99% as rate of interest and there is no processing fees.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 18, 2017
    • HDFC Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have previously applied for the personal loan from HDFC bank, it was a good loan experience. The loan amount was for Rs 5 lakhs with the rate of interest of 13.75% which is high when compared to other banks. The process was very smooth, the services were delayed due to festival. Customer service and their response was good, they provided door step service to collect the documents.
      Was this review helpful? 0
      , pune
      Reviewed on Nov 18, 2017
    • HDFC Bank Personal Loan
      "GOOD"
      0.5 4.0/5 "Great!"
      It was a good customer service i received form the HDFC Bank side for the personal loan i applied for . I got a full approval on the loan amonut i wanted for . The money got Disbursed to my account within 2 working days . Rate of interest was 11.5% low only and processing fee was 1500 rs . Pre closure option is there with charges applied to it .
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 18, 2017
    • HDFC Bank Personal Loan
      "Fast loan approve"
      0.5 5.0/5 "Blown Away!"
      HDFC is doing well in term of loan experience, service is good they provide hassle free service. I took the amount of Rs. 5 lakhs, again I done the top up of Rs. 7 lakhs, but their interest rate is nominal in the market, it should be reduced, so many customers can avail it.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 18, 2017
    • HDFC Bank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I found lot of delay in the process of HDFC for my personal loan service but I feel lot of communication problem with HDFC service they provided me with affordable interest rate and the customer service was good with HDFC for my personal loan service.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 17, 2017
    • HDFC Bank Personal Loan
      "Better service"
      0.5 5.0/5 "Blown Away!"
      I got the personal loan with HDFC bank around a year ago, The customer support was prompt in the personal;loan process. They have disbursed the loan amount within a week time. The requested loan amount has been disbursed and I am satisfied with it. The rate of interest is high with HDFC personal loans when compared with others banks.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 17, 2017
    • HDFC Bank Personal Loan
      "Needs to improve"
      0.5 1.0/5 "Really Bad"
      I have applied for the personal loan from HDFC bank, my loan application was closed because there was no proper follow up after the application was submitted. The customer service team did not respond and there was no call back from them to collect the documents. The rate of interest was not an issue.
      Was this review helpful? 0
      , allahabad
      Reviewed on Nov 17, 2017
    • HDFC Bank Personal Loan
      "easy approval for personal loan"
      0.5 4.0/5 "Great!"
      I have applied for the personal loan form HDFC bank 3 years back, it was overall a good loan experience. The loan amount was for Rs 1.75 lakhs with the less interest rate. Documents were collected door step. The customer service was good and they responded on time but the process was quite long.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 17, 2017
    • HDFC Bank Personal Loan
      "Nominal rate of interest"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with HDFC bank and i it has been a smooth process and experience with them so far. The rate of interest is nominal for the amount taken.I personally feel that HDFC is good with their rates compared to many other banks.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 17, 2017
    • HDFC Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have taken personal loan from HDFC bank, my loan application was approved and the requested amount was disbursed. The loan amount was for Rs 1.5 lakhs with good rate of interest. The tenure was for 4 years and i pay an EMI for Rs 4398. This was an pre approved loan so no documents were required. Customer service was good and they followed up on time. The process was very smooth and easy.
      Was this review helpful? 0
      , rourkela
      Reviewed on Nov 17, 2017
    • HDFC Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Though my salary was around 12K earlier. I am glad that HDFC Bank offered me a personal loan of 1.50 Lakh. Being a corporate customer I get a good deal on the interest rate and charges. The bank also provide the best of services always. I have no issues till date.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 17, 2017
    • HDFC Bank Personal Loan
      "Not satisfied"
      0.5 1.0/5 "Really Bad"
      I have approached HDFC bank for my personal loan. The customer service and responsiveness was satisfactory here but they have rejected my application since my there was some issue with the documents I have submitted . I was looking for 3-4 lakhs and the interest rate was 12% which was high in the market. My overall experience was not satisfactory.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Nov 17, 2017
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