Multiple banks. Different interest rates. Call it a "conflict of interest".
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    HDFC Personal Loan Eligibility Calculator

    We found 1 HDFC Personal Loan Eligibility Calculator

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    10.99% - 19.8% Fixed
    Up to 2.5% One time fee
    25L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1000 Amazon voucher free Paperless approval option available
    What you'll love
    Documents
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    Good to Know
    Eligibility Criteria
    Customer Reviews

    HDFC Personal Loan Eligibility Calculator is Rated as "Great!" by 12364 Users

    Personal Loan BYTES FROM OUR KITCHEN

    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

    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
      "Fast and Best Service in HDFC"
      0.5 5.0/5 "Blown Away!"
      I am an account holder of HDFC, hence my home branch have reached me and provided the best loan option. They sanctioned the personal loan with the interest rate around 14% and they processed within same days. Hence I have cancelled HDFC online loan request.
      Was this review helpful? 0
      , dindigul
      Reviewed on May 27, 2017
    • HDFC Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have made the balance transfer of my personal loan with the HDFC bank and the rate of interest was around 11.29%, which is really good. The loan amount got disbursed to my account within three to four days of time, also there were no processing charges with them till now.
      Was this review helpful? 0
      , gurgaon
      Reviewed on May 27, 2017
    • HDFC Bank Personal Loan
      "Fast process"
      0.5 5.0/5 "Blown Away!"
      HDFC bank offered me a very good interest rate and I am a long time customer of this bank. I have tried a lot of products and they have offered the best of services. The personal loan process was smooth and I got the loan on time. After the disbursement, I got the loan details trough SMS and emails.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on May 27, 2017
    • HDFC Bank Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I did not avail the personal loan from HDFC bank because they have denied the process to dealt with it. Rate of interest was around 11% with the HDFC bank and the customer service was good one with them. I would like to deal with them in future too.
      Was this review helpful? 0
      , chennai
      Reviewed on May 27, 2017
    • HDFC Bank Personal Loan
      "Super fast process"
      0.5 5.0/5 "Blown Away!"
      I applied for a personal loan with HDFC Bank in the morning and on the very same evening I got the funds. The process was super fast and the loan amount provided was as required. I also got a decent deal of 11% and the processing charges was normal too.
      Was this review helpful? 0
      , chennai
      Reviewed on May 27, 2017
    • HDFC Bank Personal Loan
      "Better Service"
      0.5 4.0/5 "Great!"
      I received calls from HDFC bank on my personal loan application and they informed me that my salary should be above 20k. Even then they collected all my documents and said they would call me regarding the loan process but it has been one week of time, still I did not receive any calls or messages from HDFC end. At the time when I submitted the application, I received good response from the bank.
      Was this review helpful? 0
      , chennai
      Reviewed on May 27, 2017
    • HDFC Bank Personal Loan
      "They should give clear into the application"
      0.5 3.0/5 "Satisfactory"
      I am not aware what is the reason my loan application got rejected. Even they didn't response on my loan, I was sending the documents for the loans but its was getting rejected. Finally I checked my credit score it is good and upto the mark, Still HDFC didn't give response on my loan.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 27, 2017
    • HDFC Bank Personal Loan
      "Be Customer Oriented"
      0.5 2.0/5 "Expected more"
      I preferred HDFC bank for the personal loan as I already taken the loan for 2 lakhs and have banking account with them. So when I applied for the personal loan this time, they said I had cheque bounce and they quoted the interest rate of around 16 to 17% which is too high also they provided the loan for 60000 to 70000 only. But when I applied with Axis bank the interest rate is 12.5% with the loan amount 3.2L. I am not happy with HDFC bank services. Also I had not received good customer service from HDFC.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 27, 2017
    • HDFC Bank Personal Loan
      "Good services"
      0.5 4.0/5 "Great!"
      My personal loan is from HDFC Bank and it was a very convenient process. I got the interest rate I was promised and there were no change in details. The disbursement happened on date I needed the funds. Overall a nice experience and the documentation was very minimal too.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 27, 2017
    • HDFC Bank Personal Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      HDFC bank did not approve my personal loan. Actually I preferred HDFC for my financial requirement and I applied with them. Actually this was the bank for my salary account earlier, hence I submitted my application to them. Due to address verification they had approved they said. Customer service is kind of okay.
      Was this review helpful? 0
      , chennai
      Reviewed on May 27, 2017
    • HDFC Bank Personal Loan
      "So far so good"
      0.5 3.5/5 "Pretty good"
      I had applied for a personal loan with HDFC Bank through another channel and the loan got approved for the loan amount I was needing. The process was quick and the documentation what I submitted was accepted unlike the other banks who kept scrutinizing my papers for no reason.
      Was this review helpful? 0
      , chennai
      Reviewed on May 27, 2017
    • HDFC Bank Personal Loan
      "Easy to avail but interest rate is high"
      0.5 3.0/5 "Satisfactory"
      HDFC charged 18% of interest rate on personal loan, I have taken the amount of Rs.1.65 lakhs they taken 7900 rupees as processing fee. Due to an emergency purpose I have taken this loan for the period of three years, I already paid for two years, remaining one year have to pay.
      Was this review helpful? 0
      , coimbatore
      Reviewed on May 27, 2017
    • HDFC Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I got the personal loan with the HDFC bank as they have approved it very immediately like it got happened within two to three days of time, also that depends up on the customer. Rate of interest is somewhat okay for me like it was around 13.59% .
      Was this review helpful? 0
      , chennai
      Reviewed on May 26, 2017
    • HDFC Bank Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I got the personal loan with the HDFC bank and the interest rate is around 11.3%. Customer service and other aspects are good one with them. Response is good one and I got the loan amount within seven days of time. There are no processing charges by them.
      Was this review helpful? 0
      , chennai
      Reviewed on May 26, 2017
    • HDFC Bank Personal Loan
      "Satisfactory"
      0.5 3.5/5 "Pretty good"
      Experience was good and the process was done on time to time . Rate of interest charged was14.5% and processing fee was 16000 RUPEES the loan amount I have opted for 3 laks and I have received the whole amount, The draw back is that they don't give details break up for loan. Overall the process was fine.
      Was this review helpful? 0
      , coimbatore
      Reviewed on May 26, 2017
    • HDFC Bank Personal Loan
      "Good experience with HDFC"
      0.5 5.0/5 "Blown Away!"
      HDFC loan process finished very fast, they gave me very good interest rate of 12% it is least in the market. My loan got disbursed within five days of time, I took the amount of 2.5 lakhs for the tenure of three years after one of locking period, I could do the part payment.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 26, 2017
    • HDFC Bank Personal Loan
      "Good experience with HDFC"
      0.5 5.0/5 "Blown Away!"
      HDFC loan process finished very fast, they gave me very good interest rate of 12% it is least in the market. My loan got disbursed within five days of time, I took the amount of 2.5 lakhs for the tenure of three years after one of locking period, I could do the part payment.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 26, 2017
    • HDFC Bank Personal Loan
      "Not up to the mark"
      0.5 3.0/5 "Satisfactory"
      I have asked HDFC to reduce the interest rate in concern to my personal loan application, but HDFC refused to reduce the interest rate that was the reason I can't proceed with the HDFC loan. The customer support and the response was good with HDFC bank.
      Was this review helpful? 0
      , kadapa
      Reviewed on May 26, 2017
    • HDFC Bank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with ICICI Bank. I would say its a speedy process because when I applied for a personal loan I would say over all it was a good experiences. Rate Of Interest They have offered is 12% I have applied for 1.50 lakhs received 1.47 laksh in which 4k they have charged for processing fee and charges.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 26, 2017
    • HDFC Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I was taken my personal loan with HDFC Bank. The documentation process has done smoothly, They disbursed my loan within 15 to 20 days. The Rate of Interest was16.5% and the processing charges is around 4000 rupees. Customer service and response was good.
      Was this review helpful? 0
      , udaipur
      Reviewed on May 26, 2017
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