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
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    HDFC Personal Loan Eligibility Calculator is Rated as "Great!" by 14091 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
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have taken personal loan with HDFC bank and it was overall a good loan experience. The loan amount was for Rs 4 lakhs with the nominal rate of interest when compared to all other banks. The process was very fast and it took one hour for the loan amount to get approved. Customer service was good and they responded on time. There are no charges on pre closure and part payment.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Dec 09, 2017
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have my personal loan with HDFC Bank. The loan amount was 3.5 lakhs and the rate of interest was 15.5% which was very high comparing to others banks. The customer service and responses was good. The loan amount was approved on time and the processing fee was also nominal.
      Was this review helpful? 0
      , perambalur
      Reviewed on Dec 09, 2017
    • HDFC Bank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I am little disappointed with hdfc personal loan service is I was unable to change my personal credentials I have to visit their branch directly also the interest rate they quoted me was little high compared to the market value ,the customer support was good ,documents process was easy it was a average service from Hdfc personal loan service.
      Was this review helpful? 2
      , mumbai
      Reviewed on Dec 08, 2017
    • HDFC Bank Personal Loan
      "Better service"
      0.5 4.0/5 "Great!"
      It was a very good loan experience with HDFC, the process was smooth and my loan amount was approved within 1 week. When it comes to customer service, it was good and they responded on time, documents were collected door step. The rate of interest was nominal when compared to other banks.
      Was this review helpful? 0
      , bareilly
      Reviewed on Dec 08, 2017
    • HDFC Bank Personal Loan
      "Average service"
      0.5 2.5/5 "Just OK"
      My personal loan application was approved with HDFC bank and the experience was okay. The process took 2 weeks for the loan amount to get approved. Customer service was average, they provided door step service to collect the documents but it took long time for verification. The rate of interest of 10.99% is nominal when compared to other banks.
      Was this review helpful? 1
      , chennai
      Reviewed on Dec 08, 2017
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have applied for a personal loan with Hdfc bank.The loan amount is five lakhs.Rate of interest is 11.4% nominal compared others.I have taken it for 5 years.They have deducted 6000 as processing fees and they have immediately responded to the request.
      Was this review helpful? 0
      , mumbai
      Reviewed on Dec 08, 2017
    • HDFC Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with Hdfc bank, the loan amount is 50,000 however they have deducted the processing fees and credited 47,000 to my account.They had processed the request within 2 days of time,documents were submitted,they EMI amount is paid through online banking.
      Was this review helpful? 0
      , madurai
      Reviewed on Dec 08, 2017
    • HDFC Bank Personal Loan
      "Average service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with HDFC bank for one year. They offered 1,28,000 rupees. EMI they charge 11,493 rupees for every month. The interest rate was low and the services are good. The customer service and response was average, they need to improve the service.
      Was this review helpful? 0
      , new delhi
      Reviewed on Dec 08, 2017
    • HDFC Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with HDFC.The loan amount is 2 lakhs,rate of interest is 14% submitted documents.I have only one concern they had shared the EMI amount incorrectly initially they told me its 4600 later they told its around 5000.
      Was this review helpful? 0
      , tirupur
      Reviewed on Dec 08, 2017
    • HDFC Bank Personal Loan
      "Excellent service"
      0.5 4.5/5 "Excellent!"
      I have taken a personal loan with Hdfc bank.The loan amount is 5 lakhs.Rate of interest is 10.99% nominal like other banks.They had processed the request within 45 days of time.I submitted documents to process this loan.The net banking facility is good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 08, 2017
    • HDFC Bank Personal Loan
      "Good experience"
      0.5 4.0/5 "Great!"
      I have my personal loan with HDFC bank which was taken 6 years back . The loan amount was 2 lakhs and the interest rate was 13% which was very high than other banks . I had a smooth loan process here and the charges was also nominal . MY overall experience good.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Dec 08, 2017
    • HDFC Bank Personal Loan
      "Good"
      0.5 4.5/5 "Excellent!"
      My personal loan was taken with HDFC bank. The loan process was quite easy and hassle free here . The loan amount was 2.5 lakhs and the interest rate was 14% which was high than other banks in the market . The processing fee was 2,250 and the tenure period was 48 months . My overall experience was good.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Dec 08, 2017
    • HDFC Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      It was a fantastic experience with hdfc personal loan service ,the customer support was good also they provide me with very good rate of interest compare to others in the market ,the staffs where good and documents have been collected from my door step but they collected charges for the precloser.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 08, 2017
    • HDFC Bank Personal Loan
      "Good banking"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with 1.04 lakhs,rate of interest is 11% low compared to others.I have taken the personal loan one years back.They had deducted processing fees of 3000.I make the EMI payments through an ECS.The tenure is for 15 months.
      Was this review helpful? 0
      , nanded
      Reviewed on Dec 08, 2017
    • HDFC Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      The required loan amount has been approved and I am satisfied with it. I got the loan amount within 2 to 3 days of time from HDFC bank. The rate of interests and the charges were high with HDFC bank when compared with other banks. I would say I got good service from HDFC bank.
      Was this review helpful? 0
      , jalandhar
      Reviewed on Dec 08, 2017
    • HDFC Bank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      The HDFC bank took 2 weeks time to disburse my personal loan amount. The existing customer to HDFC bank, but still they took 2 weeks time to disburse my personal loan. The rate of interest is nominal with the HDFC bank personal loan process, I am satisfied with the personal loan amount.
      Was this review helpful? 1
      , mumbai
      Reviewed on Dec 07, 2017
    • HDFC Bank Personal Loan
      "Could have been better"
      0.5 4.5/5 "Excellent!"
      My personal loan application was approved with HDFC bank, i am happy with the services provided by HDFC bank. The rate of interest was 10.99% which is nominal when compared to other banks. Customer service was good and they followed up on time, they also provided door step service to collect the documents. The process was very smooth and my loan amount was approved within 2-3 days.
      Was this review helpful? 0
      , pune
      Reviewed on Dec 07, 2017
    • HDFC Bank Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      I have taken personal loan from HDFC bank, it was overall a good loan experience. The loan amount was for Rs 2 lakhs with the rate of interest of 18% which is high when compared to all other banks. The process was very easy, very minimum documents were required as i already have a salary account with this bank. Customer service was good and their response was also good.
      Was this review helpful? 1
      , visakhapatnam
      Reviewed on Dec 07, 2017
    • HDFC Bank Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      My personal loan experience with HDFC bank was very good, the loan amount was for Rs 1 lakh with the rate of interest of 11.5% which is nominal when compared to all other banks. Customer service was good, documents were collected door step and the loan amount was approved within one week. The processing fees is nominal and there was not much of bargaining done.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Dec 07, 2017
    • HDFC Bank Personal Loan
      "Process was short"
      0.5 5.0/5 "Blown Away!"
      I took a Personal Loan of Rs.15 Lakhs from HDFC Bank and the experience with it has been pretty good. They gave me the Loan for a Rate of Interest of 11% which I feel is one of good rates to get. The process of getting the Loan was very short and was prompt.
      Was this review helpful? 0
      , noida
      Reviewed on Dec 07, 2017
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