Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 1 Personal Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    11.25% - 21.50% Fixed
    Up to 2.5% One time fee
    40L Max
    1-5 years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
    What you'll love
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    Perks
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    Good to Know
    Eligibility Criteria
    Customer Reviews
    Personal Loan is Rated as "Great!" by 16676 Users

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    Personal Loan BYTES FROM OUR KITCHEN

    HDFC Personal Loan Eligibility

    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 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.

    Factors Affecting HDFC Bank Personal Loans Eligibility

    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

    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. What are the age Eligibility 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. 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
      "GOOD"
      0.5 4.0/5 "Great!"
      I have applied for the personal loan with the HDFC BANK and have been using it since from last few years and the documentation process was simple and it is easy procedure to get the loan. I got the loan within 10-15 days with this bank. The rate of interest was lesser with 11.5% with 4 years of duration.
      Was this review helpful? 1
      , bangalore
      Reviewed on Mar 24, 2019
    • HDFC Bank Personal Loan
      "Very Smooth process"
      0.5 4.0/5 "Great!"
      HDFC gave me a personal loan based on my Salary account . It is completely online process which happened very immediately . Even docs uploaded in online portal . Everything is according to my convenience . HDFC need to think about the high processing rate and Interest charges .
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 24, 2019
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I applied for a personal loan with HDFC BANK and my application was processed on time.Interest rate is high in the market and Their net-banking works just great. I just can call to their number and they resolve over the phone. The tenure period is 3 year.
      Was this review helpful? 1
      , thiruvananthapuram
      Reviewed on Mar 23, 2019
    • HDFC Bank Personal Loan
      "Good service "
      0.5 5.0/5 "Blown Away!"
      I had applied for a personal loan with HDFC BANK and it processed on time. The rate of interest is high initially they said 14% but later they charge 17.75%. I have compared the rate of interest with other banks as well and i found HDFC bank given high .Well at the time of applying, there was not much delay and it was processed on time.
      Was this review helpful? 1
      , bangalore
      Reviewed on Mar 23, 2019
    • HDFC Bank Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      I am very happy with my personal loan of HDFC BANK . Everything has been done online so this was the best part . They charge 12% interest rate with this bank . The loan amount is 100000 and i ma happy with that . There was no delay in getting the loan . Overall it is good .
      Was this review helpful? 0
      , pune
      Reviewed on Mar 23, 2019
    • HDFC Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have take my personal loan through HDFC BANK . I am feeling the rate of interest is little high it is 17.75% compare to other banks in the market . I applied for 50000 and yeah i got the same . The tenure period is 1 year . The loan amount is very satisfactory .
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 23, 2019
    • HDFC Bank Personal Loan
      "They shuld reduce rate of intrest "
      0.5 2.0/5 "Expected more"
      My personal loan has been taken with HDFC BANK . Initially they said they will charge 12% but later they will charge 14% which is very high to the market value . While getting the loan there was delay. The loan amount is 150000 and it is satisfactory . I am not happy with the services .
      Was this review helpful? 1
      , mumbai
      Reviewed on Mar 23, 2019
    • HDFC Bank Personal Loan
      "Good service "
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with HDFC BANK , the tenure period is 3year and i use to pay EMI on time . They charge nominal processing fee . It was good, application process was smooth an hassle free.Loan amount is 200000. I got the loan amount with in a week. Service is up to the mark .
      Was this review helpful? 0
      , mumbai
      Reviewed on Mar 23, 2019
    • HDFC Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      That time I dont need any loan so I want to closed my loan and hdfc bank is very good they given to sufficient loan amount and rate of interested was nominal and customer service provided was good and their response at a time and I like that process.
      Was this review helpful? 0
      , kokrajhar
      Reviewed on Mar 23, 2019
    • HDFC Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have got the Personal Loan directly from HDFC Bank .It is a Pre-Approved loan .The rate of interest was high and the processing fee is high as well .It took 2 days time to get the loan to be sanctioned .Since have Hdfc Salary account for the past 18yrs .There was no issues on document submission as well.The Loan amount was sufficient and not yet faced any issues.The Overall Service is Good.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Mar 23, 2019
    • HDFC Bank Personal Loan
      "Need Proper follow up and Guidelines "
      0.5 3.0/5 "Satisfactory"
      HDFC has taken more than two weeks of time for completing my personal loan . I dint get the good response from HDFC people . I have paid some extra interest rate and processing fees .Need to give proper guidelines to the customer . HDFC should constantly follow up the customer .
      Was this review helpful? 0
      , mumbai
      Reviewed on Mar 23, 2019
    • HDFC Bank Personal Loan
      "Quick Service "
      0.5 4.0/5 "Great!"
      I have applied for HDFC Personal Loan. I have not yet faced any issues till now .The agent clearly explained the process.The loan amount was sufficient as well. I have got the loan amount on time .The rate of interest was nominal and the processing fee was also nominal .While submitting documents there was no issues as well. The Overall Service is Good .
      Was this review helpful? 1
      , sonipat
      Reviewed on Mar 23, 2019
    • HDFC Bank Personal Loan
      "Approval required for more loan amount "
      0.5 5.0/5 "Blown Away!"
      I am holding my salary account in HDFC . HDFC is also very fast processing service to helping the customers comparing with other services . They sanctioned a amount within 24 hours of time . HDFC need to reconsider the interest rate for the regular customers .
      Was this review helpful? 0
      , jaipur
      Reviewed on Mar 23, 2019
    • HDFC Bank Personal Loan
      "Very Good Service"
      0.5 3.0/5 "Satisfactory"
      I have applied for HDFC Bank Personal Loan .I have not faced any issues till now .The rate of interest was nominal and the processing fee was also nominal .I have not faced any issues on submitting the documents .The only issues was delay was there other than that no issues .The Overall Service is Good .
      Was this review helpful? 0
      , kharagpur
      Reviewed on Mar 23, 2019
    • HDFC Bank Personal Loan
      "Not satisfied"
      0.5 1.0/5 "Really Bad"
      Hdfc service provided is not good and response not properly I want to taken hdfc personal loan but they taken time so much and banker closed my loan and never call me so my experience was not good with Hdfc bank and I am not happy with this bank.
      Was this review helpful? 0
      , thane
      Reviewed on Mar 23, 2019
    • HDFC Bank Personal Loan
      "Not satisfied"
      0.5 2.5/5 "Just OK"
      my experience was not good with HDFC bank for personal loan.the loan amount was sufficient and rate of interested was nominal only they have taken more time very delay process customer service provided is not good and their response was not proper so I closed the loan .
      Was this review helpful? 0
      , patna
      Reviewed on Mar 23, 2019
    • HDFC Bank Personal Loan
      "Fast Preapproved loan with HDFC"
      0.5 4.0/5 "Great!"
      The process was good with HDFC but the interest was higher, the principal where I pay is very less and I making higher interest but they are transparent, they gave me all the information. In fact the approval was faster from HDFC end, I got the pre approved loan.
      Was this review helpful? 0
      , chennai
      Reviewed on Mar 22, 2019
    • HDFC Bank Personal Loan
      " Interest rate & Processing , documentation fees need Low"
      0.5 4.0/5 "Great!"
      I find little problem in approval time from HDFC bank . HDFC verifies the entire documents of the customer very strictly . I taken the loan amount with the normal interest rate around 12 % . Good service till the sanctioning of my personal loan .They should reconsider the Interest rate and Processing , documentation fees .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Mar 22, 2019
    • HDFC Bank Personal Loan
      "Not clear information about Interest rate and Processing fee"
      0.5 2.0/5 "Expected more"
      In HDFC personal loan , an Executive informed me about the Processing fees will be Rs 5000 /- and Insurance charge is some Rs 2700 /- . But they sanctioned the amount with deducting the money around rs 10000 /- . This is some where , i get little disappointed .
      Was this review helpful? 0
      , new delhi
      Reviewed on Mar 22, 2019
    • HDFC Bank Personal Loan
      "Avrage"
      0.5 3.0/5 "Satisfactory"
      HDFC bank is rate of interested is very high 15.90% so and loan amount was 2Lack and tenure was 2Years so my experience was not good with hdfc bank and customer service provided is good and their response is properly . I am not satisfied with rate of interested with HDFC bank.
      Was this review helpful? 0
      , ludhiana
      Reviewed on Mar 22, 2019
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