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 option available
    What you'll love
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    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews

    HDFC Personal Loan Eligibility Calculator is Rated as "Great!" by 12610 Users

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    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.

    Perfect Personal Loan Deals for you

    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
    HDFC Personal Loan Offers

    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.

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  • Personal Loan Reviews

    • HDFC Bank Personal Loan
      "Personal Loan balance transfer "
      0.5 0.5/5 "Unacceptable"
      Very worst service I ever seen even in national bank other government office, personal advice don't apply any type of loan even for closure they make you to run around them, it almost more than a month I am running around back to get my DD even customer care not responding well the greviance is worst not replying to ur mail
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 27, 2017
    • HDFC Bank Personal Loan
      "Interest rate should be flexible "
      0.5 3.0/5 "Satisfactory"
      I got best offer from HDFC according to my company policy, they gave me good interest rate on personal loan. But without informing they have taken processing fee and insurance amount from the disbursement, they should give clear picture about the charges.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 27, 2017
    • HDFC Bank Personal Loan
      "Very Good service"
      0.5 5.0/5 "Blown Away!"
      I have received the personal loan within 10 days of time. The customer service was really helpful and they have updated me the status of the product too. The rate of interest is high when compared with others. I am happy with the loan amount. They gave timely response as well I am satisfied with HDFC Bank services overall.
      Was this review helpful? 0
      , lucknow
      Reviewed on Jun 24, 2017
    • HDFC Bank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I have got a pre-approved personal loan from HDFC bank. I haven't even submitted a single document to get the loan. They have disbursed my personal loan within 2 days of time. The rate of interest is really high, when compared with others. I got this loan based on my salaried account. I am happy about the loan amount that was offered to me.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 24, 2017
    • HDFC Bank Personal Loan
      "Good Response"
      0.5 5.0/5 "Blown Away!"
      I had taken the personal loan from HDFC bank last month. The interest rate is around 11.99% which is nominal. The bank disbursed the loan on time without any hassles. I had taken the loan for two lakhs hence I requested them for the top up, the bank said they will do it after three months of time.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 24, 2017
    • HDFC Bank Personal Loan
      "Unhappy with the services"
      0.5 1.0/5 "Really Bad"
      HDFC Bank contacted me for the personal loan and they did not come over to collect the documents. After which I applied with another bank and got my loan through as well with ease The interest rate and charges was also high at HDFC. It was around 17%.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 24, 2017
    • HDFC Bank Personal Loan
      "Instant loan "
      0.5 4.0/5 "Great!"
      They have started a new process with the HDFC personal loan. We can apply the Personal Loan through net banking and we just need to apply the documents in the portal and within 15 hours they have provided me a credentials id & password where I have tracked my personal loan application . The loan got approved within 24 hours of time. The banking service is really good and giving instant service to the customers. I am happy about the loan amount. The required amount has been given by HDFC bank. The Value added service like vouchers and online purchasing offers were given. The rate of interest is nominal with HDFC bank.
      Was this review helpful? 2
      , lucknow
      Reviewed on Jun 23, 2017
    • HDFC Bank Personal Loan
      "They be clear about the percentage"
      0.5 4.0/5 "Great!"
      HDFC charged me 14.75% of interest for the amount of Rs.5 lakhs it is higher side compared to other competitor. But Initially they committed they were providing around 11% but finally it was processed it for 14.75%, But I am happy with their service, they done fast loan. process. I would like to suggest them, to clear information about the interest rates.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jun 23, 2017
    • HDFC Bank Personal Loan
      "Good experience"
      0.5 5.0/5 "Blown Away!"
      My personal loan is from HDFC Bank and the I got the loan in a jiffy. The bank has offered me a good deal on the interest rate and they were decent in the charges as well. The paper work is simple and overall I have no issues even for the after loan services.
      Was this review helpful? 0
      , nagpur
      Reviewed on Jun 23, 2017
    • HDFC Bank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      Presently, I dont require any loan from HDFC Bank because there was no requirement for loan. The loan process is very much easy and the response provided by HDFC Bank is really good. The rate of interest is very high when compared with others. AXIS Bank is ready to offer the loan with an interest rate of 11 to 12% even the processing fee is also very high with HDFC.
      Was this review helpful? 0
      , haridwar
      Reviewed on Jun 23, 2017
    • HDFC Bank Personal Loan
      "Process is good. High on ROI"
      0.5 4.0/5 "Great!"
      My personal loan is from HDFC Bank and it was a clear and smooth process to get my loan through. The customer services are good and the documentation is minimal. The disbursement happened on time. But the bank is high on the rate of interest and processing charges.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 23, 2017
    • HDFC Bank Personal Loan
      "Interest rate should be flexible as other competitor"
      0.5 3.0/5 "Satisfactory"
      HDFC were providing the interest rate around 14.25% it was high compared to other banks, Hence I don't have interest to process with HDFC. I asked them to reduce but they said it was the reversed one. In term of service wise HDFC is really good as they called me twice.
      Was this review helpful? 0
      , srinagar
      Reviewed on Jun 23, 2017
    • HDFC Bank Personal Loan
      "Smooth process"
      0.5 4.0/5 "Great!"
      HDFC Bank has offered me a personal loan and it was a easy process to get my loan with less paper work. I also got a good deal on the interest rate and charges and the loan amount was to my satisfaction. The after loan services is also convenient and easy.
      Was this review helpful? 0
      , madurai
      Reviewed on Jun 23, 2017
    • HDFC Bank Personal Loan
      "Good Service"
      0.5 3.5/5 "Pretty good"
      I got calls from different HDFC bank executives . The rate of interest is higher than normal. The customer service with HDFC bank need to maintain a data base and they need to work on the interest rate. The service with HDFC bank is good and I am satisfied.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 23, 2017
    • HDFC Bank Personal Loan
      "Delayed response"
      0.5 1.0/5 "Really Bad"
      HDFC Bank did contact me for the personal loan, but they did after 10 days which did not serve the purpose. It has not been a very good experience for this application. Since I needed the funds, I found another solution for the funds. Not sure on the interest rate. I would recommend them because I bank with them already and they are good otherwise.
      Was this review helpful? 0
      , porbandar
      Reviewed on Jun 23, 2017
    • HDFC Bank Personal Loan
      "Need Improvement"
      0.5 1.0/5 "Really Bad"
      The HDFC bank didn't gave the proper response in concern to my personal loan application, even I tried calling them but there was no response from the HDFC bank. The rate of interest is low when compared with others. It would be great if the HDFC bank gives prompt response to the customers.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 23, 2017
    • HDFC Bank Personal Loan
      "Excellent process"
      0.5 5.0/5 "Blown Away!"
      I had taken a personal loan HDFC Bank and after me applying for it online. They asked me to upload my documents on the portal and the process started off. I got the disbursement on time and without any hassles. The interest rate and processing charges was also a good deal.
      Was this review helpful? 0
      , pune
      Reviewed on Jun 23, 2017
    • HDFC Bank Personal Loan
      "Require more competitive interest rate"
      0.5 3.0/5 "Satisfactory"
      The reason why I did not avail the personal loan from HDFC bank because I got better offer from other banks. The rate of interest is high with HDFC when compared with others, so that was the reason I can't proceed with HDFC bank. The customer support with HDFC bank was good. The banking Service is also very good with HDFC bank.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 23, 2017
    • HDFC Bank Personal Loan
      "Not Satisfactory"
      0.5 1.0/5 "Really Bad"
      Though I am an existing customer of HDFC Bank, getting a personal loan from this bank has always been a hassle. My current experience is also not satisfactory and I waited for two days to receive a call. So I went ahead with another bank and got my loan through.
      Was this review helpful? 0
      , raipur
      Reviewed on Jun 23, 2017
    • HDFC Bank Personal Loan
      "Overall good"
      0.5 5.0/5 "Blown Away!"
      HDFC Bank was very much responsive for the personal loan which I had applied for. I had placed a request on the weekend and on Monday I got the funds arranged through my personal source. So I did not go ahead and cancelled the application. The bank was high on the rate of interest and charges and I still wish to give them five stars because there is nothing much I could do about it.
      Was this review helpful? 0
      , pune
      Reviewed on Jun 23, 2017
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