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    We found 1 HDFC Personal Loan Eligibility Calculator
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    HDFC Personal Loan Eligibility Calculator is Rated as "Great!" by 15252 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
      "Best Financial Service"
      0.5 5.0/5 "Blown Away!"
      I have taken personal loan from Hdfc bank . Am satisfied with the rate of interest which they have provided Is high . There is nominal processing fees for the loan which is nominal one. I make the payments through Ecs every month. They did quick documentation and received the loan.
      Was this review helpful? 3
      , chennai
      Reviewed on Oct 17, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      It has been a good experience in getting a personal loan from them where the process in getting the loan had been smooth and easy. The loan amount which they had provided had been sufficient and fulfilled the requirements. The interest rate with them was also not too high compared with the market rate.
      Was this review helpful? 4
      , kolkata
      Reviewed on Oct 17, 2018
    • HDFC Bank Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with HDFC BANK , they charged 10.99% rate of interest and they have not Charge processing fee with this bank . I got best service through this bank the process was very smooth and easy . They provide me sufficient tenure period .
      Was this review helpful? 3
      , navi mumbai
      Reviewed on Oct 17, 2018
    • HDFC Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have taken my personal loan with HDFC BANK my exoerience was excellent with his bank there rate of interest and there processing fee is nominal and even they gave me good tenure period as i want and they don't take any hidden charges with interest rate. even support team response well.
      Was this review helpful? 3
      , chennai
      Reviewed on Oct 15, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with HDFC bank and my experience with this bank was good,the loan which i expected i got even rate of interest and processing fee is nominal compared to other banks.customer support team is good and they response to me very well.
      Was this review helpful? 3
      , chennai
      Reviewed on Oct 11, 2018
    • HDFC Bank Personal Loan
      "Need to reduce ROI"
      0.5 5.0/5 "Blown Away!"
      It was a good experience with HDFC bank for personal loan, documents were collected on time and the process was completed within 1 week. The loan amount was for Rs 2.5 lacs for 4 years with little high interest rate. Customer service was good and they followed up on time.
      Was this review helpful? 5
      , hyderabad
      Reviewed on Oct 11, 2018
    • HDFC Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      It has been a good experience i had with this loan where the process in getting this loan has been smooth and easy. The interest rate which they had offered has been less when compared with the market rate and the loan amount which they had provided has been satisfactory as well. Their customer support also had been helpful during the process as well.
      Was this review helpful? 4
      , mumbai
      Reviewed on Oct 11, 2018
    • HDFC Bank Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with HDFC bank and my experience was good, the loan amount was for Rs 1 lac with nominal interest rate when compared to other banks. Customer service was good and they responded on time. The tenure period for this loan is for 3 years.
      Was this review helpful? 5
      , bangalore
      Reviewed on Oct 11, 2018
    • HDFC Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      HDFC Bank process for the personal loan was good. The customer support is good and they are responsive as well. The rate of interest and processing charges is fine. The after loan services are good too. It has always been a good experience for me with the bank.
      Was this review helpful? 5
      , hyderabad
      Reviewed on Oct 10, 2018
    • HDFC Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      It had been a good experience with this loan and the loan amount which they had been provided has been good. I was satisfied with the loan amount whcih they had provided and the interest rate with them has been nominal when compared with the market rate as well. There has been some charges and there has also been a processing fee which has been nominal.
      Was this review helpful? 2
      , bangalore
      Reviewed on Oct 10, 2018
    • HDFC Bank Personal Loan
      "Good Financial service"
      0.5 4.0/5 "Great!"
      I have taken personal loan from Hdfc bank . Am satisfied with the rate of interest which they have provided . There is processing fees for the loan which is nominal one. I make the payments through Ecs every month . They gave the tenure period of 2.5 years . They did quick documentation and received the loan.
      Was this review helpful? 3
      , hyderabad
      Reviewed on Oct 10, 2018
    • HDFC Bank Personal Loan
      "Experience is good"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan earlier with HDFC Bank. The process was very smooth and easy and there were no issues to get the loan. The customer support and response is good and the rate of interest and processing charges is normal too. Overall good.
      Was this review helpful? 3
      , mumbai
      Reviewed on Oct 10, 2018
    • HDFC Bank Personal Loan
      "Good Financial service"
      0.5 4.5/5 "Excellent!"
      Its instant paperless approval personal loan which i got from Hdfc bank. As the rate of interest is satisfactory based on the market price. Their customer service is way good an response was quick .I have chosen the tenure period of1 years and there is nil processing fees.
      Was this review helpful? 3
      , gurgaon
      Reviewed on Oct 10, 2018
    • HDFC Bank Personal Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      It has been a good experience i had with this loan where the interest rate of interest with them has been low when compared with the market rate, where it was around 11% to 12%. The loan amount which they had provided had been satisfactory as well as there has not been any sort of additional charges which have been made by them but there was processing fee which was nominal.
      Was this review helpful? 4
      , new delhi
      Reviewed on Oct 09, 2018
    • HDFC Bank Personal Loan
      "Best In Service"
      0.5 5.0/5 "Blown Away!"
      I was in a Emergency need and applied a Personal loan with HDFC. At the Beginning had a limited response as i was not eligible in few parameters, but keeping all those aside they understood my emergency concern and provided me loan. Thankful to HDFC for understanding a Customer's need.
      Was this review helpful? 1
      , secunderabad
      Reviewed on Oct 09, 2018
    • HDFC Bank Personal Loan
      "Best Financial Service"
      0.5 5.0/5 "Blown Away!"
      I have taken personal loan from Hdfc bank . Am satisfied with the rate of interest which they have provided . There is no processing fees for the loan . I make the payments through Ecs every month . They gave the tenure period of 36 months . They did quick documentation and received the loan.
      Was this review helpful? 2
      , thane
      Reviewed on Oct 09, 2018
    • HDFC Bank Personal Loan
      "Need to be more conveninent"
      0.5 2.0/5 "Expected more"
      HDFC bank is approachable for the personal loan and they have wonderful offers too. But if I want to swap the billing date plan. It is not possible with the bank, unlike the other banks. It is not convenient to pay my EMI on those dates the bank has.
      Was this review helpful? 3
      , chennai
      Reviewed on Oct 09, 2018
    • HDFC Bank Personal Loan
      "Very bad"
      0.5 0.5/5 "Unacceptable"
      I have applied for a personal loan and my application no is 61556309. Have received only one message of in-principal approval and have not received any more process details. Don't know what to do.....called the customer service but there server is not working
      Was this review helpful? 4
      , ghaziabad
      Reviewed on Oct 08, 2018
    • HDFC Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have personal loan with HDFC bank, There Rate of interest is nominal with the bank, and even processing fee they charge was normal i have closed my Hdfc loan successful as i took my loan on year 2013 the customer support team was very co-operative they assist me nicely.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Oct 08, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.5/5 "Excellent!"
      I have personal loan with HDFC BANK , they charge slight high rate of interest with this bank . The processing fee is 2500 and it si also too high with HDFC . Loan amount is satisfactory . The tenure period is 2years however there was no foreclosure option with HDFC.
      Was this review helpful? 3
      , mumbai
      Reviewed on Oct 08, 2018
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