Multiple banks. Different interest rates. Call it a "conflict of interest".
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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 15096 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
      "Good service"
      0.5 4.5/5 "Excellent!"
      It was a good experience with HDFC bank for personal loan, the loan amount was for Rs 4 lakhs with nominal interest rate in the market. The process was smooth and it took 10 days to receive the loan amount. Customer service was good and they followed up on time. The tenure period for this loan is 2 years.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 17, 2018
    • HDFC Bank Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have my personal loan application approved with HDFC bank and the experience was good, the loan amount was for Rs 3 lakhs with the tenure period of 4 years and the rate of interest is nominal when compared to other banks. Customer service was good and they responded on time.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 17, 2018
    • HDFC Bank Personal Loan
      "Need to follow up on time"
      0.5 3.5/5 "Pretty good"
      It was a fine experience with HDFC bank for personal loan, the rate of interest of 11.29% was nominal when compared to other banks. Customer service was average and the follow up was not that great. The process was quick and i received my loan amount on time.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 17, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with HDFC bank and the loan experience was good. The loan amount was for Rs 1.25 lakhs with nominal interest rate with the tenure period of 3 years. There are no preclosure charges and the customer service was very good with HDFC bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 17, 2018
    • HDFC Bank Personal Loan
      "Good experience"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with HDFC bank and the loan experience was good, the loan amount was for Rs 2 lakhs with high interest rate when compared to others . They charge 4% as preclosure charges and the tenure period for this loan is for 5 years.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 17, 2018
    • HDFC Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with HDFC bank 7 months back. The loan amount was 2.5 lakhs and the interest rate was on a high side . The tenure period was 36 months. The customer service and responses was good. I have uploaded all the documents through net banking so its was quite easy for me. The loan was approve on time.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Aug 17, 2018
    • HDFC Bank Personal Loan
      "good service"
      0.5 4.0/5 "Great!"
      I have taken personal loan with HDFC BANK . My loan amount is up to the mark. I am not aware about preclosere . So far my experience is good with this bank i have not face any inconvenience at the time of documentation . Interest rate is 8.67% and it is nominal and tenure period is 36month . I use to pay 3250 as EMI and there is processing fee of rs 5000 charged by this bank .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 17, 2018
    • HDFC Bank Personal Loan
      "good service"
      0.5 4.0/5 "Great!"
      I have taken personal loan with HDFC BANK . So far my experience is good with this bank i have not face any inconvenience at the time of documentation . Interest rate is 8.67% and it is nominal and tenure period is 48month . I use to pay 2834 as EMI and there is processing fee of rs 3000 charged by this bank . My loan amount is up to the mark. There is no option for preclosere .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 17, 2018
    • HDFC Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      My credit card was taken with HDFC bank 2 months back. They have offered diner's club card and the credit limit is 85,000 which is sufficient . I am satisfied with the service and responses here. Here the annul fee is 1200 which is bit high and the card is not activated still .
      Was this review helpful? 2
      , chennai
      Reviewed on Aug 16, 2018
    • HDFC Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have taken my personal loan with HDFC Bank and the process was good. It was a nice experience. The rate of interest was around 13% and the process is also easy as I got the loan within three days and the loan amount is as needed. In all it is satisfactory.
      Was this review helpful? 2
      , chennai
      Reviewed on Aug 16, 2018
    • HDFC Bank Personal Loan
      "GOOD START UP "
      0.5 4.0/5 "Great!"
      Its a good experience where i can get the loan easily, i felt like they can reduce the rate of interest, i have applied another loan like a year back, the updation of the status of the loan can be enhanced in the online, so that we can save up the time.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 14, 2018
    • HDFC Bank Personal Loan
      "BETTER LOAN."
      0.5 4.0/5 "Great!"
      Customer service is good, and at the time of getting the loan , i felt that the rate of interest is bit high, so i tried to negotiate it but they did not , also they can improve their notification part which could help the customers to get the exact status of the loan.
      Was this review helpful? 0
      , mumbai
      Reviewed on Aug 14, 2018
    • HDFC Bank Personal Loan
      "GOOD LOAN"
      0.5 5.0/5 "Blown Away!"
      The process was easy and convenient, i have got the loan value which i actually expected, i had gone through the website and then they suggested me for the HDFC loan so i applied for the rate of interest of 14%., which is OK but if they can also reduce, it would be great.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Aug 14, 2018
    • HDFC Bank Personal Loan
      "Good"
      0.5 4.5/5 "Excellent!"
      I have taken my personal loan with HDFC bank. I had a good loan process here and the loan amount was 2 lakhs . The interest rate was very satisfactory . The tenure period was 4 years .The customer service and responses was up to the mark. The processing fee is nominal .
      Was this review helpful? 2
      , bhilwara
      Reviewed on Aug 14, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.5/5 "Excellent!"
      I have taken personal loan from HDFC BANK . There is no hidden charges. I use to pay 8700 as EMI per month including insurance and tenure period is 5years. I am satisfied with customer service. Processing fee is 5000 and it is nominal. My loan experience was good. My loan amount is up to the mark and interest rate is 10% it is too high compare to others. There is no foreclosure fee .
      Was this review helpful? 1
      , jharsuguda
      Reviewed on Aug 14, 2018
    • HDFC Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with HDFC Bank. The customer service and responses was very good. The loan amount was 6 lakhs and the interest rate was satisfactory . The tenure period was 4 years . I am satisfied with the service and responses was good. The documentation was very good and smooth. The processing fee was nominal.
      Was this review helpful? 1
      , nagpur
      Reviewed on Aug 14, 2018
    • HDFC Bank Personal Loan
      "best services"
      0.5 5.0/5 "Blown Away!"
      I have taken personal loan from HDFC BANK . There are no hidden charges. I use to pay 7700 as EMI per month . Customer service response is fantastic . Processing fee is 1% on loan amount and tenure period is 3year and it is nominal. My loan experience was good. My loan amount is 3.5 lakh and interest rate is 18% it is too high in the market . So far my experience is good with HDFC BANK .
      Was this review helpful? 1
      , kumbakonam
      Reviewed on Aug 14, 2018
    • HDFC Bank Personal Loan
      "good"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with HDFC BANK and my loan experience is pretty good. My loan amount is 13akh and interest rate is too high compare to others in the market. There is no hidden charges. Processing fee is nominal and tenure period is 5year. The process was very quick no challenged face .
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 14, 2018
    • HDFC Bank Personal Loan
      "Good"
      0.5 4.5/5 "Excellent!"
      My credit card was taken with HDFC bank. The process was very satisfactory and the loan amount was 60,000 . The interest rate was very high in the market . The tenure period was 36 months. The documentation was very nice and smooth but the processing fee is very high here,
      Was this review helpful? 1
      , new delhi
      Reviewed on Aug 13, 2018
    • HDFC Bank Personal Loan
      "Better Service"
      0.5 3.5/5 "Pretty good"
      I have taken a personal loan for 8 lacs from the HDFC bank, the interest rate was higher than the market rate . I got the loan amount with in 1 week and the application has made online. The whole application process was easy and hassle free.
      Was this review helpful? 0
      , new delhi
      Reviewed on Aug 13, 2018
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