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    HDFC Personal loan

    HDFC personal loan is offered at interest rate starting 11.25% p.a.. The lender offers multiple loan tenure options, quick processing, and great customer service. Check your eligibility and apply for a loan today.

    • Maximum loan amount of Rs.40 lakh
    • Pre-approved loan approval in 10 seconds
    • Processing fee up to 2.5%
    • Minimal documentation
    More
    We found 1 HDFC Bank Personal Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    11.25% - 21.50% Fixed
    Up to 2.5% One time fee
    40L Max
    1-5 years
    100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    HDFC Personal loan is Rated as "Great!" by 17667 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    Features of HDFC Personal Loan

    • No collateral or security required to avail a personal loan.
    • Loan disbursal within a day of applying for the loan.
    • HDFC personal loan interest rates range from 11.25% - 21.50%.
    • Borrowers can opt for the ‘Sarv Suraksha Pro’ policy, which provides a credit shield cover, an accidental hospitalisation cover, and a permanent disability/accidental death cover.
    • Borrowers can also avail an optional insurance cover that will offer coverage against personal accidents and critical illnesses.

    HDFC Bank Personal Loan Details

    Interest Rate 11.25% to 21.50% p.a. (Rack interest rate)
    Loan Amount Rs.50,000 to Rs.40 lakh
    Benefits
    • Disbursal in 10 seconds for pre-approved customers and in four hours for other applicants
    • Minimal documentation required
    • The loan application can be submitted online through Bankbazaar

    Fees and Charges

    The various fees and charges that are levied by HDFC Bank are:

    Loan processing fee Up to a maximum of 2.5% of the loan amount, subject to a minimum fee of Rs.1,999 and a maximum fee of Rs.25,000
    Pre-payment/Part-payment charges
    • 4% of the outstanding principal (loan tenure between 13 - 24 months)
    • 3% of the outstanding principal (loan tenure between 25 - 36 months)
    • 2% of the outstanding principal (loan tenure if over 36 months)
    Overdue EMI interest 2% per month will be charged on the principal or EMI that is overdue
    Stamp duty and other statutory fees As per the laws of the state that the applicant resides in
    Cheque swapping fee Rs.500
    Amortization schedule fee Rs.200
    Cheque bounce charges Rs.550 per event
    Incidental or legal charges At actual

    HDFC Personal Loan Interest Rate

    The interest rates offered by HDFC ranges from 11.25% to 21.50% per annum.

    Personal Loan Eligibility Criteria

    To avail a personal loan from HDFC Bank, you will need to meet the eligibility criteria mentioned below:

    • You should be employed at a private company, a public sector company, or with a state, central, or local government body.
    • You should be over the age of 21 years. The maximum age is 60 years.
    • You should have an overall work experience of at least 2 years.
    • You should have been employed at their present organization for a minimum of 1 year.
    • Residents of Mumbai, Bengaluru, Delhi, Hyderabad, Chennai, Ahmedabad, Kolkata, Pune, and Cochin should have a minimum income of Rs.20,000 per month.
    • Residents of other cities should earn at least Rs.15,000 per month.

    Documents Required

    These are the documents you may be required to submit when applying for a personal loan from HDFC.

    Proof of identity Aadhaar Card, Driving Licence, Passport, or Voter ID Card
    Proof of address Voter ID Card, Aadhaar Card, Passport, or Driving Licence
    Other documents
    • Bank statements for the last three months or passbook of the last six months
    • Latest salary slip or salary certificate
    • Form 16
    • Passport-size photograph
     

    How the EMI calculation works for HDFC personal loans? 

    Let’s consider how the EMI calculation works for HDFC Bank personal loan. Let’s take a personal loan of Rs.1 lakh for a tenure of 6 months. Let’s assume that HDFC charges an interest rate of 15.5% p.a. For the repayment tenure, you must pay an EMI of Rs.17,428. The loan repayment schedule is given as follows:

    Year  Principal  Interest  EMI (principal + interest)  Balance  Percentage of loan paid to date 
    Apr  Rs.16,137  Rs.1,292  Rs.17,428  Rs.83,863  16.14% 
    May  Rs.16,345  Rs.1,083  Rs.17,428  Rs.67,519  32.48% 
    Jun  Rs.16,556  Rs.872  Rs.17,428  Rs.50,962  49.04% 
    Jul  Rs.16,770  Rs.658  Rs.17,428  Rs.34,192  65.81% 
    Aug  Rs.16,987  Rs.442  Rs.17,428  Rs.17,206  82.79% 
    Sep  Rs.17,206  Rs.222  Rs.17,428  Rs.0  100.00% 
     

    How HDFC Bank compares with other lenders?

    Fees and charges  HDFC Bank Personal Loan  Aditya Birla Capital  Bank of India Personal Loan  Citibank Personal Loan 
    Interest rate  11.25% p.a. onwards  14% p.a. onwards  13.20% p.a. onwards  10.99% p.a. onwards 
    Processing fee  2.5% + GST  2% + GST  2% + GST  0.25% to 3.00% + GST 
    Foreclosure charges  2% to 4% of the outstanding loan amount  3% of the outstanding loan amount  N/A  Up to 4% of the principal outstanding 
    Late payment fee  2% of the overdue amount per month  2% of the overdue amount per month  Contact the bank for details  Contact the bank for details 

    Even though the processing fee stands at 2.5% of the loan, the interest rates start at 11.25% p.a. HDFC’s personal loan preclosure charges stand at 2% to 4% of the outstanding balance. The bank offers quick disbursal of the loan amount, with pre-approved customers getting the money within a matter of seconds

    Before you apply for a personal loan from HDFC Bank, ensure that you go through the loan particulars, check your eligibility, and are familiar with the terms and conditions of the lender.

    Other loan products from HDFC

    HDFC Personal Loan FAQ

    How can I repay my loan?

    You can repay your loan amount in Equated Monthly Installments (EMIs). The loan repayments can be done via post-dated cheques, ECS, or via a standing instruction to debit the repayment amount from your HDFC Bank account.

    When can I take an HDFC top up loan?

    You can take a top up loan from HDFC when you opt for a balance transfer with HDFC.

    Can business owners take personal loans from HDFC Bank?

    No, HDFC Bank only offers personal loans to salaried individuals. Applicants are required to be employed with a private, public sector, or government body at the time of taking the loan.

    Can I avail a personal loan from HDFC Bank on a floating rate of interest?

    No, HDFC Bank charges a fixed rate of interest for personal loans.

    Does HDFC Bank allow part-payment of the loan amount and are there any conditions for the same?

    For personal loans that were disbursed on or after 1 April 2018, you can make part-payments, provided you have paid at least 12 EMIs.

    What are the conditions that are applicable when making part-payments?

    • Part-payments can only be made twice during the entire loan tenure.
    • Borrowers can only make a part-payment once in any given fiscal.
    • Each part-payment cannot be more than 25% of the outstanding principal amount.
    • You may have to pay a part-payment charge to the lender when making such a payment.
    What is the repayment tenure for personal loans issued by HDFC Bank?

    If you take a personal loan from HDFC Bank, you will need to repay the due amount within 1 year to 5 years (12 to 60 months).

        

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    HDFC Bank Personal Loan Reviews

    • HDFC Bank Personal Loan
      "Need to decrease charges"
      0.5 4.0/5 "Great!"
      I was applied for a personal loan in HDFC bank through an online process. At the verification process was smooth. An amount which was offered was nominal for the tenure of 3 years. The rate of interest and the processing fee are bit high. Due to high charges I have closed the loan.
      Was this review helpful? 1
      , gurgaon
      Reviewed on Jun 24, 2019
    • HDFC Bank
      HDFC Bank Personal Loan
      "Average"
      0.5 2.5/5 "Just OK"
      I have taken a personal loan with HDFC BANK in the year of 2017. I am not satisfied with the interest rate. There was a processing fee. I would suggest them to reduce the interest rate. The loan duration is 2 years. Am paying EMI of 7180 rupees through ECS.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Jun 24, 2019
    • HDFC Bank Personal Loan
      "very Good"
      0.5 3.0/5 "Satisfactory"
      I have selected loan amount is 3 lakhs and Tenure 3 year , EMI Rs 4000 and Rate interested normal. While docuemnt not submitted from banker end they are asked three months recent payslip . Iam unable to provide them so i disclosed my loan application and customer service is good and responsive.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 24, 2019
    • HDFC Bank Personal Loan
      "Can do better"
      0.5 5.0/5 "Blown Away!"
      I am serving in defense hence right now I am staying in Jammu and Kashmir, that is the reason the loan application got rejected with HDFC. From the bank end I didn't get suggestion, the interest was reasonable. The bank is very good but I am unable to take the loan.
      Was this review helpful? 0
      , nagaon
      Reviewed on Jun 24, 2019
    • HDFC Bank Personal Loan
      "Pretty Good loan"
      0.5 4.0/5 "Great!"
      When i was applying my personal loan, i applied the loan through many sources. When i apply through online, the interest rate are high which i can't bare hence i have visited the bank directly and got the loan with the convenient interest rates. They have offered me interest rate of 10.99% for loan amount of Rs. 5 lakhs. I'm paying the EMI of Rs. 14000 every month.
      Was this review helpful? 0
      , pune
      Reviewed on Jun 24, 2019
    • HDFC Bank Personal Loan
      "Need to improvement "
      0.5 4.0/5 "Great!"
      I have selected HDFC loan amount si 1.5 lakhs Rate of interest is 14 percentage .Customer service is better and its too much process application.while documents submitted through executive.Due very slow process when compare other partner so that closed this application.
      Was this review helpful? 0
      , pune
      Reviewed on Jun 24, 2019
    • HDFC Bank Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I have selected loan 3 lakhs Tenure 4 year and EMI Rs 8000 rate of interested is normal .while documents submitted through executive he given clear information about this loan . There no delay disbursal of loan amount and Customer service is good and responsive
      Was this review helpful? 0
      , pune
      Reviewed on Jun 24, 2019
    • HDFC Bank Personal Loan
      "Average Loan"
      0.5 5.0/5 "Blown Away!"
      Taken my personal loan with HDFC and its a pretty good loan services. There was a long back i got this and the interest rate was better. I have selected the tenure period for 5 years. The given interest rate was nominal. I haven't received the NOC due to some issue.
      Was this review helpful? 1
      , new delhi
      Reviewed on Jun 23, 2019
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I applied my personal loan with HDFC BANK . They cancel this loan saying that my company is not listed in their bank so . I applied 157000 loan and they was reddy to give the same amount . The rate got interest was nominal and the response was good here .
      Was this review helpful? 1
      , vadodara
      Reviewed on Jun 23, 2019
    • HDFC Bank Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with HDFC BANK , and they provide rate of interest and it is nominal in the market .The processing fee is also nominal and tenure period is good . SO far it has been good experience with this bank . Loan amount is fine with this bank .
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jun 23, 2019
    • HDFC Bank Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I was applied for a personal loan in HDFC bank before few months ago through an online. On time I received a call from banker and the loan amount was much sufficient which was offered for the duration of 5 years. The rate of interest and processing fees was nominal.
      Was this review helpful? 0
      , raichur
      Reviewed on Jun 23, 2019
    • HDFC Bank Personal Loan
      "Need to reduce rate of intrest "
      0.5 3.0/5 "Satisfactory"
      I had taken my personal loan from HDFC BANK a while back and the experience had been quite good. The interest rate which they had offered has been high when compared with the market rate, the processing fee and charges has also been quite less. The process also was completed within a day or so.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 23, 2019
    • HDFC Bank Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      I have applied with HDFC BANK personal loan , the bank cancel this loan because they said i am not eligible . The service was good i got proper response through customer service . Even they said my salary is low so we cannot provide the loan . Overall it is good .
      Was this review helpful? 0
      , raigarh
      Reviewed on Jun 23, 2019
    • HDFC Bank Personal Loan
      "GOOD"
      0.5 4.0/5 "Great!"
      I am using the loan since from last 2-3 years and the documentation process was done but it took long time and i got the loan after a week to 10days. The loan amount given was 2L, the rate of interest was 11.99% it is nominal. The duration for repaying the loan is was 2 years. There is a pre closer option is applicable with charges.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 23, 2019
    • HDFC Bank Personal Loan
      "Good loan"
      0.5 3.5/5 "Pretty good"
      Not a specific reason for choosing the loan with HDFC and i opt for the loan for business purpose. The service was with the HDFC is good. I have rejected the loan from my end since there is no such requirement. I applied the loan amount of Rs. 15 lakhs. I don't remember about the interest rate provide to me.
      Was this review helpful? 0
      , silchar
      Reviewed on Jun 23, 2019
    • HDFC Bank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I have been applied for personal loan with HDFC bank which got closed by bank end, they did not said reason behind closing the application form, the reason for choosing this bank was that i am holding credit card and salary account so i taught their service is good, but they did not response me about the reason behind closing this loan.
      Was this review helpful? 0
      , tirupati
      Reviewed on Jun 23, 2019
    • HDFC Bank Personal Loan
      "Need to provide more loan amount"
      0.5 3.0/5 "Satisfactory"
      I have taken a personal loan in HDFC bank this before 6 months, this loan was processed directly to bank. On time it got sanctioned. The amount which was offered from bank was not sufficient to use for the duration of 3 years. The processing fee and rate of interest are okay.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 23, 2019
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have been holding my personal loan with HDFC bank a year ago, they have given me loan amount as per my requirement, they have given me loan amount as per my requirement, the rate of interest they have charged me was nominal, the processing fee they hve charged me up to 11,000 , their service is good, but i face issue in doing payment, like i can not pay on monthly basis.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 23, 2019
    • HDFC Bank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I have been applied for personal loan with HDFC bank through on line portal, their service is not up to the mark, they closed my loan stating that my salary is less it is not matching with Bank norms so far i am not eligible for this loan, they have too much of formality from past one months they were asking me to update the documents.
      Was this review helpful? 0
      , ludhiana
      Reviewed on Jun 23, 2019
    • HDFC Bank Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I was taken a personal loan in HDFC bank before 4 years ago which was processed directly to bank. The loan got sanctioned on time. As per my requirement I received a loan for the duration of 2 years. The rate of interest and processing fee are average. I have closed the loan on time without an issue.
      Was this review helpful? 0
      , varanasi
      Reviewed on Jun 23, 2019
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