Multiple banks. Different interest rates. Call it a "conflict of interest".
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% - 20.70% Fixed
    Up to 2.5% One time fee
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    Paperless approval available
    What you'll love
    Documents
    Perks
    Think about
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    Good to Know
    Eligibility Criteria
    Customer Reviews
    HDFC Personal Loan Eligibility Calculator is Rated as "Great!" by 14229 Users
    Personal Loan BYTES FROM OUR KITCHEN

    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
      "Good service"
      0.5 5.0/5 "Blown Away!"
      The banking service is good with the HDFC bank. They have disbursed the loan amount within a week time. The required loan amount was not disbursed they have disbursed only 50% of the required loan amount. The rate of interest and the charges were nominal when compared with others.
      Was this review helpful? 0
      , guntur
      Reviewed on Jan 17, 2018
    • HDFC Bank Personal Loan
      "Satisfactory"
      0.5 4.0/5 "Great!"
      I had taken my personal loan with HDFC Bank through online channel. I am very much satisfied with the rate of interest. I have to pay monthly 6000 rupees through ECS. The executive came to my place and collected all the documents. The part payment and pre closure option is good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 17, 2018
    • HDFC Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      The personal loan service was good with the HDFC bank and they have give the loan amount within 15dauys of time. There was an clarification in the documentation process , so that was the reason they took time. The required loan amount has been given .
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 17, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The overall personal loan service was good with the HDFC bank and they gave better response in regards to my loan application. They have disbursed my loan amount within 15days of time. The customer support was good with the HDFC bank. The rate of interest and the charges are quite high when compared with others.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 17, 2018
    • HDFC Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have my personal loan with HDFC bank for about 8 months. The loan amount was 9 lakhs and the interest rate was 11.29% which was satisfactory . The tenure period was 5 years. The loan process was very good and the processing fee was nominal.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 17, 2018
    • HDFC Bank Personal Loan
      "Better"
      0.5 3.0/5 "Satisfactory"
      I have closed the personal loan with the HDFC bank. The rate of interest was around 12.99% at that time. I would like to say that the customer service was a good one with them and the response was good too. Within a week of time, the loan amount was disbursed.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 17, 2018
    • HDFC Bank Personal Loan
      "Excellent service but need to work on their interest"
      0.5 4.0/5 "Great!"
      The HDFC bank was prompt with their personal loan service. They have disbursed the loan amount within a week time. The customer support service was good with the HDFC bank. The rate of interest was quite high when compared with others. The required loan amount has been disbursed and I am satisfied with it.
      Was this review helpful? 0
      , pune
      Reviewed on Jan 17, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      Got the personal loan from HDFC bank around a year ago and they have approved the loan amount of Rs,85,000 and I am satisfied with it. The customer support service is good with the HDFC bank. Their interest rate and the charges are average when compared to others.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 16, 2018
    • HDFC Bank Personal Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      The response of HDFC bank was very good and they give importance to the customers. The documents has been submitted through online net banking services. The customer support service is good with the HDFC bank. The required loan amount has been given and I am satisfied with it.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Jan 16, 2018
    • HDFC Bank Personal Loan
      "Need to change the policies"
      0.5 3.0/5 "Satisfactory"
      The rate of interest and charges are kind of high with the HDFC bank personal loans when compared with others. The customer support service is average with the HDFC bank. The loan process took around a month's time but I was expected the disbursement within a week or 10days of time.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 16, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      My Personal loan application was approved with HDFC bank and the experience was quite good. The loan amount i requested for was for Rs 5 lakhs but it was approved only for Rs 3 lakhs. When it comes to customer service, it was good and they responded on time. Documents were submitted online and i received my loan amount within 1 week. The rate of interest is 10.99% which is nominal rate. The processing fees was nominal and the tenure of the loan is 5 years.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 15, 2018
    • HDFC Bank Personal Loan
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      My personal loan experience was very much satisfactory with HDFC Bank. The customer service and response was awesome. The rate of interest normal and they charged a processing fee. I have taken 3,63,000 rupees. The tenure period is 5 years.
      Was this review helpful? 0
      , mohali
      Reviewed on Jan 12, 2018
    • HDFC Bank Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I am running a personal loan with HDFC Bank. The interest rate was okay when compared with others. The customer service and response was excellent. The minimum waiting time is 10 min to connect with the customer care. The executive came to my place and collected the documents at my door steps.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 12, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      It was a good experience with HDFC Bank . They offered a good interest rate for my personal loan. The customer service and response was not completely satisfactory. The documentation process was very simple and the executive helped me a lot. The payment option was convenient and am paying through net banking.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 12, 2018
    • HDFC Bank Personal Loan
      "Average"
      0.5 1.0/5 "Really Bad"
      I am having the personal loan with the HDFC bank and the rate of interest is around 14.5%, which is too higher. And the customer service is good one for me. I would like to say that the response is fine one for me with the HDFC bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 12, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I had taken 2L as a personal loan with HDFC Bank recently. The rate of interest was good and they charged processing fee separately. They took more time to disburse the loan. The documents are collected by the executive at doorstep. I have to pay 7,000 rupees as an EMI.
      Was this review helpful? 0
      , navi mumbai
      Reviewed on Jan 12, 2018
    • HDFC Bank Personal Loan
      "Good Bank"
      0.5 5.0/5 "Blown Away!"
      It was a good experience with HDFC Bank. The rate of interest was little high. I took a personal loan of 2,00,000. The duration period is 3 years. I am paying monthly 6,994 rupees through ECS. The customer service and response was good with HDFC.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 12, 2018
    • HDFC Bank Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I had closed my personal loan with HDFC Bank before 7 months. It was a good experience. I got very good response from the customer support. The interest rate and processing fee was less with HDFC. I made the payment through ECS which was easy.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 11, 2018
    • HDFC Bank Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      My personal loan experience with HDFC bank was good, they provided very good services and there was no delay in their response. The loan amount was for Rs 1.81 lakhs with the rate of interest of 9% which is less when compared to all other banks. The process was very quick and the loan amount was transferred to my account within 5 minutes. The tenure of this loan is 5 years and it was overall a good service from HDFC bank
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 11, 2018
    • HDFC Bank Personal Loan
      "Good response"
      0.5 4.0/5 "Great!"
      I have an ongoing personal loan with HDFC Bank. It was taken 4 months back and the actual tenure period is 5 years. They disbursed the loan within 2 days. I had received a good response and they provided a faster service. Though I work in IBM but my name was not listed in the IBM payroll so am not able to get the corporate interest rate. They offered me 13.5% interest rate.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 11, 2018
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