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% - 19.8% 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 13555 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
      "Not good"
      0.5 2.5/5 "Just OK"
      My personal loan is with HDFC bank taken before 1 years . I have taken 4 lakhs and the rate of interest was 13% which was bit high in the market . The EMI period was 4 years. They have provided door step service for he documentation collection and the loan process is also easy. It took 2 weeks for the verifying the documents so they did not sanction the loan with the committed time.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 21, 2017
    • HDFC Bank Personal Loan
      "Good Experience"
      0.5 5.0/5 "Blown Away!"
      HDFC gave me quick loan process, I am very much satisfied with them. I have taken the loan amount of Rs.2 lakhs for the tenure of two years. I felt their interest and processing fee was also quite nominal as per the market. Overall I don't have any issue with them.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 21, 2017
    • HDFC Bank Personal Loan
      "For ordinary people"
      0.5 3.0/5 "Satisfactory"
      HDFC Bank personal loan process is okay, the reason for choosing HDFC Bank was because I hold a salary account with the same bank , also the bank was kind enough in providing this loan as the offer was good therefore I had utilized it. Parallelly , I did not get any discount on the interest rate but the processing fee was reasonable.
      Was this review helpful? 0
      , palladam
      Reviewed on Oct 21, 2017
    • HDFC Bank Personal Loan
      "Expensive interest rate"
      0.5 3.0/5 "Satisfactory"
      My personal loan was taken with HDFC bank. The rate of interest was very expensive, the one and only reason is their processing time is very short. The customer service and response was satisfactory.They have processed my loan within 48 hours. The emi period is 3 years and I took loan amount of 2lakhs.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 21, 2017
    • HDFC Bank Personal Loan
      "Foreclosure charges should be waived off"
      0.5 5.0/5 "Blown Away!"
      HDFC personal loan process was very fast, I don't get a chance to reach the customer care. But if I want to close the loan I need to pay 2% of charges from the principal amount it was really bad. It would be if they avoid collecting foreclosure charges.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 21, 2017
    • HDFC Bank Personal Loan
      "Need to respond quickly"
      0.5 4.0/5 "Great!"
      I took the loan amount of Rs.1.5 lakhs from HDFC BANk for the tenure of two years. The response was very slow and they took long time for the verification process. The loan process took place for around 20 to 30days. The rate of interest was satisfactory. The EMI amount will be auto debited from the salary account.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 21, 2017
    • HDFC Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with HDFC Bank. The customer service and response was good. The executive collected the documents at door step. They have disbursed the loan within 2days. ROI was very less and it was satisfactory. The EMI period is 5 years and payment done through net banking.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 21, 2017
    • HDFC Bank Personal Loan
      "average service"
      0.5 2.5/5 "Just OK"
      I have a ongoing loan from HDFC the service is not good which I expected from HDFC their process was very slow also they need lot of documents during the loan process but they collected the documents from my door step the rate of interest was 11.7 which was fine compare to others in the market I will say the service of HDFC is average for my personal loan service.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 21, 2017
    • HDFC Bank Personal Loan
      "Average service"
      0.5 2.0/5 "Expected more"
      I am not very much happy about the service of HDFC I have already uploaded all my documents through online still they asked for my physical documents also they asked me to take insurance which was not at all needed for me they said it was mandatory to take the insurance also they were not much professional when comes for the interest rate they were bargaining for the interest rate . I would summarize that the service provided by HDFC Bank is average.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 20, 2017
    • HDFC Bank Personal Loan
      "worst service"
      0.5 1.0/5 "Really Bad"
      I am not happy with the service of HDFC for my personal loan service the process was very slow from the date I applied for my personal loan they takes one month to complete my loan process ,I feel they need to improve their service ,HDFC service is is not much as I expected from them.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 20, 2017
    • HDFC Bank Personal Loan
      "very good"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with HDFC bank 3 months back. The loan amount was 1.5 lakhs and the EM,I period was 3 years . The rate of interest was 14% which is bit high in the market. The loan process was easy and hassle free. Its completely paperless also, They have sanctioned the loan with the committed time and provided door step service for the documentation collection.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 20, 2017
    • HDFC Bank Personal Loan
      "Good Experience"
      0.5 5.0/5 "Blown Away!"
      I have taken personal loan two times from HDFC, their service is excellent. Even their interest rate is also nominal as per other banks. I took the amount of Rs. 1.5 lakh and second time I done a top up of Rs. 90,000. Processing time is very short and hassle free.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 20, 2017
    • HDFC Bank Personal Loan
      "Satisfactory services"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from HDFC Bank and the process for the loan was smooth. Being an existing customer the documentation process was easy. The interest rate and processing charges are normal and the after loan services are good too.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 20, 2017
    • HDFC Bank Personal Loan
      "Good services"
      0.5 4.0/5 "Great!"
      HDFC Bank is good in the process for the personal loan. They have been proactive and been supportive as well. The customer services are good and there are no hassles. The process has not completed and it is still on. The bank in also offering me a reasonable rate and fee.
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 20, 2017
    • HDFC Bank Personal Loan
      "Good Experience"
      0.5 5.0/5 "Blown Away!"
      Hdfc done a good job, they only taken seven days to disburse the amount. They gave me door step service, executive came to my place and collected the documents. I took principal amount of Rs. 5.6 lakhs, with good interest rate and processing fee.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 20, 2017
    • HDFC Bank Personal Loan
      "Its Good"
      0.5 4.0/5 "Great!"
      Earlier I taken personal loan of Rs. 3 lakhs from HDFC for the tenure of two years. They done very good loan process, totally they have taken only four days to sanction the personal loan. I paid all the dues and closed the loan without any hassles.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 20, 2017
    • HDFC Bank Personal Loan
      "Good. Can do better in charges"
      0.5 4.0/5 "Great!"
      HDFC Bank is not up to the mark for the personal loan, because there is a lock in period for the foreclosure and the charges are very high for it as well. There are insurance charges too taken for it. Else to avail the loan there is no issues in the process.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 20, 2017
    • HDFC Bank Personal Loan
      "High on ROI and charges"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from HDFC Bank earlier and the process to get the loan was very quick and easy. The customer services was good and they completed the disbursement was on time. The bank was high on the rate of interest and processing charges.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 19, 2017
    • HDFC Bank Personal Loan
      "Personal loan process is good"
      0.5 5.0/5 "Blown Away!"
      HDFC Bank Personal loan process is good, I like everything, they send all correspondence through mail. It is an ongoing loan. ECS is getting debited from my account every month without any hiccups. Interest rate and processing fee charged by HDFC Bank is quite satisfactory
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 19, 2017
    • HDFC Bank Personal Loan
      "Customer friendly"
      0.5 4.0/5 "Great!"
      HDFC documentation procedure was good, their executive have communicated everything on time. The loan disbursement was also happed on time, I felt HDFC service is upto the mark. But I didn't get the certain principal amount which I was expected, it would great if they send mail regarding to the principal amount change.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 19, 2017
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