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
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    Loan Amount
    Tenure Range
    10.99% - 19.8% Fixed
    Up to 2% One time fee
    25L Max
    1-5 years
    Response Time Within 30 minutes
    Paperless approval option available
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    HDFC Personal Loan Eligibility Calculator is Rated as "Great!" by 12811 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
    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.

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  • Personal Loan Reviews

    • HDFC Bank Personal Loan
      "Laon process should be faster"
      0.5 4.0/5 "Great!"
      I took loan from HDFC, but there I had some tough time, they didn't disburse the amount on the committed time, I have done several follow up with them, but after my loan amount got disbursed. post process of loan was good, they gave loan letter and I have part and preclosure option.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 17, 2017
    • HDFC Bank Personal Loan
      "Transparent should be more and customer servic working on it"
      0.5 2.0/5 "Expected more"
      Initially HDFC executive have committed lower rate of interest, once the loan was in process, their customer care executive called me again and committed high rate of interest, after that I denied to process with them because that offer was not suitable to me.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 17, 2017
    • HDFC Bank Personal Loan
      "Very good"
      0.5 5.0/5 "Blown Away!"
      I got an excellent loan service from HDFC bank. Nothing less with the bank during my loan process because they done the process in a good manner. Everything was satisfactory like their customer service, interest rate and the rest of the process.
      Was this review helpful? 0
      , mumbai
      Reviewed on Aug 17, 2017
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have cancelled the personal loan application with ICICI bank , I have called and informed to close my personal application because there was no requirement. The required documents also not ready, so that was the reason I have asked them to close the application.
      Was this review helpful? 0
      , medak
      Reviewed on Aug 17, 2017
    • HDFC Bank Personal Loan
      "Five Star"
      0.5 5.0/5 "Blown Away!"
      If I need to rate HDFC bank for my personal loan experience, I would rate them five stars. Because they are actually good. All their services are well approachable and it is so convenient in all the times. There is no error or issues in the loan process.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Aug 17, 2017
    • HDFC Bank Personal Loan
      "HDFC bank is the best"
      0.5 4.0/5 "Great!"
      HDFC bank personal loan process is very good because, I am using HDFC Bank account for the past 7 years and I did not face any issues . The only discomfort here would be the processing fee as it was very high, on the other hand they had give some sort of preference to me by appointing a relationship Manager who takes care of my personal loan details and she is too good in assisting me.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 17, 2017
    • HDFC Bank Personal Loan
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      If the interest rate is satisfactory then everything would be fine. And I am happy about the rate of interest for the personal loan from HDFC bank. I have to mention here that the customer service executives are very polite and they are hard working people. They supported a lot during my loan process. In a simple word, it is a good service.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Aug 17, 2017
    • HDFC Bank Personal Loan
      "Very fast in processing "
      0.5 3.0/5 "Satisfactory"
      HDFC bank was always focusing on the processing of loan. The only hiccup I observed was inspite of me uploading the documents online . I was asked to provide hard copies with attestation which was unnecessary . First of all they took some documents from me and later asked me to sign it . But, I am okay with the rates as they are very fast in processing the loan.
      Was this review helpful? 0
      , kolkata
      Reviewed on Aug 17, 2017
    • HDFC Bank Personal Loan
      "Its process oriented"
      0.5 5.0/5 "Blown Away!"
      I have taken HDFC personal loan, when I was working with TCS before four years, But I don't have that much interaction with their customer service but I could reach their customer care quickly. Other than that everything was fine, they offered me lower interest rate.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 17, 2017
    • HDFC Bank Personal Loan
      "Best service"
      0.5 4.0/5 "Great!"
      During the intial stage, the bank service was too good, but post disbursement, I am still waiting for the loan agreement number. I did not receive any kind of documents for the loan which I had received from HDFC bank. But then, I cannot say anything wrong about the bank because I received such a good service with moderate interest rate. They had completed the work in a week's time.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 17, 2017
    • HDFC Bank Personal Loan
      "Interst rate should be competitive"
      0.5 3.5/5 "Pretty good"
      I am a existing of the HDFC bank, hence they gave me preapproved loan. But this time when I approached HDFC they gave me high rate of interest hence taken loan from Standard Chartered bank. Old loan experience was good with HDFC, the amount got disbursed very shortly but at the time rate of interest was high.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 17, 2017
    • HDFC Bank Personal Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      I am banking with HDFC bank for almost four years and totally good service. In respect to personal loan services it is nice Within 2 days of time period, I got the amount with the interest of 14% the loan amount I have applied for five lakh rupees and the EMI is around 12000 rupees.
      Was this review helpful? 0
      , alwar
      Reviewed on Aug 17, 2017
    • HDFC Bank Personal Loan
      "Supportive "
      0.5 4.0/5 "Great!"
      Definitely I could say that HDFC bank provided such a good and supportive service for my personal loan process. Of course there were no issues or challenges from the bank while processing the loan. Additionally, I am happy with the rate of interest which was offered for the personal loan.
      Was this review helpful? 0
      , patna
      Reviewed on Aug 17, 2017
    • HDFC Bank Personal Loan
      "Average"
      0.5 3.5/5 "Pretty good"
      After me applying for a personal loan with HDFC Bank. I received a response late, so in the meantime I went ahead with another bank. Not sure on the rate of interest and processing charges as I did not go to that level of speaking to them. They could have been more quick.
      Was this review helpful? 0
      , new delhi
      Reviewed on Aug 17, 2017
    • HDFC Bank Personal Loan
      "Good customer service"
      0.5 5.0/5 "Blown Away!"
      HDFC is too quick when it comes to processing than any other bank, because simultaneously I had also applied with some other bank too, the other bank was not fast in processing my request. Even they had filled the ECS mandate on my behalf and completed the formalities and happy with the rates too.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 17, 2017
    • HDFC Bank Personal Loan
      "Charges are high"
      0.5 3.0/5 "Satisfactory"
      I did not take the personal loan from HDFC bank. As an old customer of HDFC bank, I should prefer HDFC bank for the loans but I preferred Capital first because the interest rate is very high with HDFC bank. Not only the rate of interest, processing fees and other charges also high.
      Was this review helpful? 0
      , surat
      Reviewed on Aug 16, 2017
    • HDFC Bank Personal Loan
      "Recommandable prodcuts"
      0.5 3.0/5 "Satisfactory"
      Though I don't have relationship with HDFC they gave me good response, I have reached the bank for the personal loan. They came and collected the documents its under process. HDFC lowers interest among all other banks and processing fee is also nominal as per the market.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Aug 16, 2017
    • HDFC Bank Personal Loan
      "Average Service"
      0.5 2.0/5 "Expected more"
      Due to some personal issues I haven't proceed with HDFC bank personal loan. The banking service is very good with HDFC bank. The response is good with HDFC bank. The rate of interest is nominal with HDFC bank. I got average service from HDFC bank.
      Was this review helpful? 0
      , varanasi
      Reviewed on Aug 16, 2017
    • HDFC Bank Personal Loan
      "Interest rate and charges should be reduced"
      0.5 3.0/5 "Satisfactory"
      I am not okay with HDFC interest rate, they gave me the offer of 17% on personal loan, but other bank offered me 13.10% of interest it is least. Hence I have my processed my loan with some other bank. Communication part is also not upto the mark, they should work on it.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 16, 2017
    • HDFC Bank Personal Loan
      "SATISFACTORY"
      0.5 4.0/5 "Great!"
      My personal loan is from HDFC Bank and the services has not been up to the mark. They need to know how to handle a customer and how to communicate as well. The team has to be more professional. The interest rate and charges is not a concern but the services is not satisfactory 2.5 year before I have opted loan of 1 lakh ROI they have offered me 18.16% initially they have told me that rate of interest will be 14% but later they said nothing can be done.
      Was this review helpful? 0
      , jalandhar
      Reviewed on Aug 16, 2017
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