Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 1 HDFC Personal Loan Interest Rates
    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
    Paperless approval available
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    Perks
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    Fees & Charges
    Good to Know
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    Customer Reviews
    HDFC Personal Loan Interest Rates is Rated as "Great!" by 13555 Users

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    HDFC Personal Loan Interest Rates

    About HDFC Personal Loan

    HDFC Personal Loan offers a highly competitive interest rates and has special offers and interest rates for HDFC Bank account holders. It also offers special loan offers for women employees. First time borrowers will be given low loan offerings. The personal loan is available on the basis of a person’s credit history like his repayment history on other loans and credit cards. The process to apply for the loan is simple and requires minimum documentation and a person can avail a personal loan for various needs.

    Perfect Personal Loan Deals for you

    HDFC Personal Loan Interest Rates

    HDFC personal loan interest rates depends up on the various factors such as income, borrowers credit history, the RBI rates, inflation etc. HDFC personal loan interest rate for the year 2015 varies from 15.75 percent to 20 percent. These rates are applicable for salaried individual. The interest rates and loan is offered to a borrower in such a way that it does not financially burden the borrower.

    HDFC Personal Loan Interest Rates 2017

    Particulars Salaried
    Interest rate 15.75% to 20% p.a.
    Loan Amount Min: Rs 50,000; Max: Rs 15 lakh.
    Loan Tenure Min.: 1 year; Max.: 5 years
    Lowest EMI Rs 2405 (Per lakh, for the maximum tenure of 5 years)
    Processing Fee Up to 2.50% of the loan amount (subject to a minimum of Rs. 1,000 & maximum of Rs. 25000)
    Age Between 21 to 60 years of age
    Prepayment Charges If loan is prepaid within 13-24 Months, prepayment charges will be 4% of principal outstanding loan amount; if prepaid within 25-36 months, 3% of principal outstanding loan amount and if paid within 36 months, 2% of the principal outstanding loan amount. No prepayment can be made before 12 EMIs are repaid.
    Foreclosure Charges NA
    Apply for Personal Loan

    How to calculate Interest/EMI on HDFC Personal Loan?

    EMI or Equated Monthly Instalment is the amount payable every month to the bank until the loan amount is fully paid off. The EMI amount consists of interest as well as the principal amount to be repaid. The principal amount and interest is divided by the tenure in which the loan has to be repaid. This amount has to be paid monthly.

    EMI= Principal X Rate of interest on a monthly basis X (1+rate of interest on a monthly basis) to the power of the loan tenure divided by [(1+rate of interest on a monthly basis) to the power of the loan tenure – 1]

    To make the EMI calculation easy, you can make use of the EMI calculator available on BankBazaar.com. On filling up the required fields on the EMI calculator you will get the result along with the amortization table that offers you a complete and systematic breakdown of the EMI amount. It will mention how much of the EMI amount is going towards covering the principal amount and how much of it covers the interest amount.

    For example, Mr.Mohan has taken a personal loan for Rs.1 lakh from HDFC Bank. The interest rate he is being offered is 15.75 percent for a tenure of 5 years. By the end of the fifth year, he would have paid Rs.45,113 towards total interest and his loan EMI is Rs.2,419. He will be paying 31.1 percent towards the interest and 68.9 percent towards the principal loan amount. His amortization table will look as follows:

    YearPrincipal paid (in rupees)Interest paid (in rupees)Balance amount (in rupees)
    Year 114,27414,27485,726
    Year 216,69212,33169,035
    Year 319,5199,50449,516
    Year 422,8256,19826,691
    Year 526,6912,3310

    Factors affecting HDFC Personal Loan Interest Rates

    HDFC personal loan interest rate varies from person to person due to various factors. Some major factors affecting the interest rates are as follows:

    • Loan tenure:

      Shorter term loans may attract a higher rate of interest when compared to loans having a higher tenure.

    • Repayment capacity:

      HDFC Bank checks a person’s repayment capacity before offering him a loan and before deciding the interest rate. Borrower’s income, his assets and his creditworthiness is looked into before the bank offers a rate to him. CIBIL Score gives detailed information his repayment capacity as it has all the details of the previous loans he had taken and repaid and it also gives information on how he is paying off his credit card bills.

    • Borrowing class:

      The borrower’s age also plays a crucial role in deciding the interest rate. HDFC Bank offers personal loan to the salaried individuals only.

    • Relationship with the bank:

      HDFC Bank offers special offers, interest rates and charges for the existing HDFC Bank account holders. Women are offered a special loan, HDFC Bank Personal Loan Diva, this is a tailor-made loan and has more than 100 Diva offers across premium brands and products. This makes it vital for the applicant to have a very good rapport with the bank to avail special discounts and offers. You may even get a discount on the processing charges or the bank might reduce your interest rate to those who have managed to show commitment to making their payments on time in the past.

    The interest rates are charged at the sole discretion of the bank and are subject to change.

    How CIBIL score affects HDFC Personal Loan Interest Rates?

    CIBIL Score also plays a major role in deciding your interest rate. CIBIL report consists of your repayment history and also shows how efficiently you have made the payments and if you have missed making any payments. The ideal score that is accepted by the bank is 750 and above. Those having a lower score will be termed as risky and the bank might offer you a personal loan at a higher interest rate. So, before applying for a loan, make sure that you check your CIBIL score and if your score is low, fix it and then apply for the loan.

    Key things about HDFC Personal Loan Interest Rates

    Before applying for a HDFC Personal Loan, you must know the following factors:

    • Fixed interest rate is when a fixed rate is set on the personal loan and you have to pay a fixed amount of interest throughout the tenure.
    • Floating interest rate will change as per the change in the bank’s base lending rate.
    • To avail a HDFC Personal Loan, you need not have a guarantor or provide security.
    • When the repo rate goes up, your interest rate will also go up. This must be considered before choosing a floating interest rate.
    • HDFC banks offer personal loans to salaried individual and they offer the interest rate based on the applicant’s credit score.

    HDFC Personal Loan Interest Rates Reviews

    • HDFC Bank Personal Loan
      "High on ROI and charges"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from HDFC Bank earlier and the process to get the loan was very quick and easy. The customer services was good and they completed the disbursement was on time. The bank was high on the rate of interest and processing charges.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 19, 2017
    • HDFC Bank Personal Loan
      "Personal loan process is good"
      0.5 5.0/5 "Blown Away!"
      HDFC Bank Personal loan process is good, I like everything, they send all correspondence through mail. It is an ongoing loan. ECS is getting debited from my account every month without any hiccups. Interest rate and processing fee charged by HDFC Bank is quite satisfactory
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 19, 2017
    • HDFC Bank Personal Loan
      "Customer friendly"
      0.5 4.0/5 "Great!"
      HDFC documentation procedure was good, their executive have communicated everything on time. The loan disbursement was also happed on time, I felt HDFC service is upto the mark. But I didn't get the certain principal amount which I was expected, it would great if they send mail regarding to the principal amount change.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 19, 2017
    • HDFC Bank Personal Loan
      "Satisfactory services"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from HDFC Bank. The process and customer services are good. All the banks are providing good services these days and it is very much convenient for a customer. The loan was disbursed on time and the charges was reasonable for me.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 19, 2017
    • HDFC Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      HDFC Bank has offered me a personal loan as well. The bank has been very beneficial and they offered me a decent interest rate and processing charges. The process was also on time and the document collection was on time too. The disbursement was as expected too.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 19, 2017
    • HDFC Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have the personal loan with the HDFC bank and the interest rate is around 10%, which is really good. The loan amount got disbursed within three to four days of time from the date, when I have applied.
      Was this review helpful? 0
      , goa
      Reviewed on Oct 17, 2017
    • HDFC Bank Personal Loan
      "The best"
      0.5 5.0/5 "Blown Away!"
      I started off my banking relationship with HDFC Bank for a personal loan. Though I do not have a savings account, the bank has offered me a loan and after which when ever I am in need, I only have to contact the executive, he would come to my place and collect my details and check about my requirement and process my details.
      Was this review helpful? 0
      , guntur
      Reviewed on Oct 17, 2017
    • HDFC Bank Personal Loan
      "Good Experience"
      0.5 5.0/5 "Blown Away!"
      I am impressed with HDFC service, they gave 1.56 lakh of personal loan for the tenure of two years. I guess their interest rate was bit high, compared to other bank and also they taken processing fee around Rs. 2000 from the disbursement amount.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 17, 2017
    • HDFC Bank Personal Loan
      "Can do better"
      0.5 1.0/5 "Really Bad"
      The reason why had marked HDFC Bank down was because the rate of interest was too high 14% and processing fee charged was rs 500 in addition to that they had charged around 2200. HDFC Bank charges 3% on the remaining amount as foreclosure charge for which I ended up paying 79k as an interest amount.
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 17, 2017
    • HDFC Bank Personal Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      I earlier had a personal loan experience with HDFC Bank. They were fast in the process and they also seen to it that the disbursement happened on time and as per my need of the loan. They were also affordable on the rate of interest and processing charges.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 17, 2017
    • HDFC Bank Personal Loan
      "Positive experience with few lapses"
      0.5 4.0/5 "Great!"
      The process of applying loan was short, I got the approval pretty soon. Only thing lingering between me and Bank was that the amount that I asked was far less than what I actually received. I have been trying to figure out the procedure to change the date of payment for the loan.
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 17, 2017
    • HDFC Bank Personal Loan
      "They are not responding properly"
      0.5 3.0/5 "Satisfactory"
      The response I received from them was not satisfactory at all. It took almost 15 days to disburse the amount aftere the approval of the loan. I really believe they need to be more pro active and respond to customer query on a more advanced level.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 17, 2017
    • HDFC Bank Personal Loan
      "Customer friendly"
      0.5 5.0/5 "Blown Away!"
      Initially I had personal loan with HDFC, I took the amount of Rs. 5 lakhs now they offering Rs.10 lakhs as preapproved offer without documents in 10 second disbursement. But HDFC is charging foreclosure charges of 4%, it should be reduced, but I paid my loan already.
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Oct 17, 2017
    • HDFC Bank Personal Loan
      "Overall good"
      0.5 4.0/5 "Great!"
      I have also taken a personal loan from HDFC Bank and the process is good. The customer services are also nice as they contacted me and also processed my information quickly. The interest rate and processing charges is also normal and the after loan services are good.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Oct 17, 2017
    • HDFC Bank Personal Loan
      "SATISFACTORY"
      0.5 3.0/5 "Satisfactory"
      I had taken my personal loan from HDFC bank. The initial process was smooth in me getting my loan. The after loan services has not been satisfactory. They have been charging high when I delayed by a day to pay the EMI. I had to pay a fee of 600 700.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Oct 17, 2017
    • HDFC Bank Personal Loan
      "Its Fine"
      0.5 4.0/5 "Great!"
      I am going to close HDFC personal loan, because I don't want to carry liability always. HDFC service is very good and its prompt, I am very happy with them. Meanwhile HDFC interest rate was bit high and also HDFC taking 6% of interest for the foreclosure.
      Was this review helpful? 0
      , indore
      Reviewed on Oct 17, 2017
    • HDFC Bank Personal Loan
      "Not satisfied"
      0.5 1.0/5 "Really Bad"
      HDFC Bank has not processed my personal loan because of the bank norms. Though I have a good credit score. The bank still denies the loan and it has not been a good experience. I would not recommend the bank. They are not flexible to the customers.
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 17, 2017
    • HDFC Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have topup loan with the HDFC bank and the interest rate could be get reduced. As am an avid customer with the HDFC bank , they could negotiate for me while it comes to the matter of interest rate.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 17, 2017
    • HDFC Bank Personal Loan
      "Bank is good. But executives are not professional"
      0.5 5.0/5 "Blown Away!"
      HDFC Bank is perfect in the process for the personal loan. I do not have any complaints on that. But the behavior of the executives need to be more polite and professional as they are very rude to the customers. This is not my first time that I am facing this thing. The interest rate and charges are the same as every bank. It was around 15%.
      Was this review helpful? 0
      , burdwan
      Reviewed on Oct 17, 2017
    • HDFC Bank Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      The HDFC was good with their customer service as i took a personal loan from them . The rate of interest they provided was 10.5% and with zero processing fee they gave me a option of pre closure without any penalty charges that is one thing i liked about them . I took the loan this year 2017 i would say its a good experience .
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 16, 2017
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