HDFC Personal loan

HDFC Bank is one of the most popular private sector banks in the country, known for its professional banking and financial services. HDFC Bank is a market leader in personal loans as it offers a triple advantage to all loan applicants. Minimal documentation, quick loan approval and assured transparency makes HDFC bank the preferred choice of thousands of satisfied loan borrowers. HDFC Bank offers Personal Loans for both salaried and self-employed individuals ranging from Rs.50,000 to a maximum limit of Rs.40 lakh. With a flexible loan tenure ranging 12 to 60 months and a competitive interest rate, HDFC Bank offers one of the best personal loan services in the country.

The money borrowed through HDFC Bank personal loan can be used as per the needs and requirements of the applicant as there are no restrictions regarding the end use of the amount availed. The bank will not monitor how the amount is used by the borrower and thus he/she will be free to use the amount for whatever purpose they want as per his/her will and wish. Personal loans from HDFC Bank can be used for any immediate or short term financial needs like wedding expenses, kid’s education, home renovation needs, medical expenses, overseas travel, starting a new business or even in times of unexpected financial crunch.

Personal loans from HDFC Bank require no guarantor, security or collateral prerequisites and the bank offers instant loans approved in less than a minute. It enables superfast disbursal of the loans enabling the customers to receive the loan amount in their account in just 4 hours. HDFC Personal Loan comes with a number of added benefits including a Personal Accidental Cover of up to Rs.8 lakh along with a Critical Illness cover of Rs.1 Lakh.

Added benefits offered by HDFC Bank Personal Loan

• The HDFC personal loan borrowers can avail a Personal Accident cover of up to Rs.8 lakh for a very minimal premium that will be subtracted from the actual loan during disbursal.
• They are also eligible for a Critical Illness cover of up to Rs.1 lakh at a very low rate of premium which will be deducted from the loan amount at the time of loan disbursal.
• HDFC Bank also offers personal loan security in the form of Sarv Suraksha Pro. It includes a credit shield cover equivalent to the remaining amount of loan along with an accidental hospitalisation cover of up to Rs.8 lakh and an accidental death or permanent disablement cover of up to Rs.1 lakh.
• The existing borrowers of the bank can enjoy benefits such as special offers, low interest rates and charges, pre-approved loans, superfast loan disbursal in 10 seconds and several others.
• The bank provides a hoard of benefits to the first-time borrowers as well which includes personal loans at low interest rate, zero to minimal processing fee, flexible loan repayment tenure, and nominal pre-payment charges.
• Customers can transfer their existing personal loan from another bank to HDFC Bank at a low interest rate starting from 11.39% p.a. with fast processing fee of only Rs.1,999 and low EMI payments.

Why choose HDFC Personal Loan?

Taking a personal loan is no small undertaking, however, it need not be as painful, applying for one, as many people seem to believe. HDFC personal loans are designed to ensure that you have funds when you need them so that you can dispense them at your leisure. They have even introduced schemes that are meant to flatter the applicant and make the whole process of figuring out the eligibility for the HDFC personal loans quick and simple. There is some trepidation when it comes to applying for a personal loan for the very first time, but with HDFC all applicants are given a fair chance and all judgements, for the approval of the loan, are made on the basis of the same eligibility criteria as is applied to everyone else.

Many people prefer HDFC Bank personal loans due to some or all of the below mentioned factors:

• Minimal Documentation: HDFC Bank personal loans come with minimal documentation and quick loan disbursal. HDFC Bank has one of the fastest loan approval time compared to a number of other public sector and private banks.
• Attractive Rate of Interest: HDFC Bank offers personal loans at very competitive interest rates. Personal loans with HDFC Bank start at an interest rate as low as 11.39 % p.a.
• Low Monthly Installments: HDFC Bank provides loans at flexible and low monthly installments making it easier for the borrowers to avail loans at the time of need. The personal loan EMIs for HDFC personal loan starts as low as Rs.2,174 per lakh.
• Superfast Eligibility Check: Borrowers can check their Personal Loan eligibility on HDFC Bank’s online portal or at selected branches in only 60 seconds.
• Quick Disbursal: The disbursal of the loans are also very quick, after the completion of the documentation process, the loan is disbursed to the borrower within 1 working day. However, the pre-approved customers of HDFC Bank can get the loans disbursed to their accounts in flat 10 seconds.
• Flexible Loan Tenure: HDFC Bank offers flexible loan repayment tenure for the customers. The borrowers can choose any loan repayment tenure starting from 12 months to 60 months.
• Special Offers for Women Applicants: HDFC Bank offers a specialized discounted scheme for women known as the Personal Loan Diva Scheme. This scheme offers pre-approved personal loans of Rs. 3 Lakhs to women applicants along with more than 100 Diva offers across various premium brands and products.
• Dedicated Customer Support Helpline: HDFC Bank understands the need of customer support and service and has a 24/7 support helpline across all formats. Applicants can reach out to the bank through SMS, Phone Banking, Webchat, and Click2Talk.
• Free Insurance Cover: All personal loans approved by HDFC Bank come with an added benefit of personal accidental cover of up to Rs.8 lakh along with a critical illness cover of Rs.1 Lakh without any extra charges.

Features and Benefits of HDFC Personal Loan

Personal loans from HDFC Bank come with a number of added benefits and incentives. HDFC Bank is known for their easy loan application process and wide branch network in every small town and even in many Indian villages. HDFC Bank also ensures maximum quantum of loan is offered to each applicant as per their financial credential, repayment history and CIBIL score. Some of the main advantages that make HDFC personal loan such a popular choice with loan applicants include:

Quick Loan Disbursal: HDFC Bank makes sure that loan applicants do not have to go through any long delays and has one of the fastest loan disbursal time compared to a lot of their private sector as well as public sector banks in the country.

Low Interest Rates: HDFC Banks offer competitive interest rates with loans available for salaried, self-employed individuals, working professionals. Loans from HDFC Bank start as low as 15.75% interest rate for salaried individuals.

Online Loan Requests: HDFC Bank has been one if the pioneer banks to embrace technological up gradation. Taking this trait forward, HDFC Bank offers online loan applications and submissions with instant approval.

Low Prepayment Charges: HDFC Bank offers substantially lower prepayment charges for personal loans compared to other banks. Prepayment charges are completely waived off after a period of 36 months.

Why Apply for an HDFC Personal Loan on BankBazaar?

HDFC Bank has collaborated with BankBazaar, India's most popular and well-known financial marketplace to offer a superfast online loan submission facility to the loan applicants all across the country. Users seeking personal loans with HDFC Bank can now simply use the online loan application tool at BankBazaar.com to check their loan eligibility and submit their loan applications if eligible.

• Instant Loan Eligibility Check: The loan calculator tool at BankBazaar checks for personal loan eligibility for each applicant as per his/her financial details in just 60 seconds. This quick loan eligibility calculator ensures that the users do not have to spend a couple of days to know their eligibility for a personal loan. They can also apply for the loan instantly without visiting a bank branch.
• Personalised Loan Quotations: BankBazaar’s loan calculator tool offers personalised loan offers for each applicant depending on his/her desired loan amount, tenure and personal financial track record.
• Low Interest Rates: Loan applicants using BankBazaar personal loan tool are offered the best rate of interest for their personal loan due to the active collaboration between HDFC Bank and BankBazaar.
• Instant Approval: Eligible candidates who apply for HDFC Personal Loans through the online portal of BankBazaar are given an instant e-approval indicating that their loan application has been processed, approved and forwarded to the designated loan department of the bank.
• Real Time Tracking Facility: Users who submit their loan application online through the official website of BankBazaar can track the updates of their submission form using both email and SMS updates.
• 24/7 Customer Support: BankBazaar has a dedicated 24/7 customer support with an easily accessible helpline number through which the customers can anytime reach the personal loan executives of the banks regarding any query or confusion. The amicable customer care team of the bank is always ready to help with any grievances or questions of the loan applicants.

How to Apply for an HDFC Personal Loan on BankBazaar?

Applying for an HDFC Bank personal loan is a simple 3 step process.

• Step 1: Fill up the HDFC Bank loan eligibility form with your correct personal and financial details. The tool checks for your personal loan eligibility instantly as per the norms of HDFC Bank and offers customised loan options that are suitable for you.
• Step 2: You need to choose a loan option as per your need and repayment capacity. At this stage, you can compare various loan options and choose the most appropriate one.
• Step 3: After choosing the plan, click submit. Now you receive an instant e-approval from BankBazaar.

We forward your application electronically to the loan processing department of your nearest HDFC Bank branch and the bank gets in touch with you very soon. Users can also check the status of their loan application through SMS alters as well as emails.

How to Check the HDFC Bank Personal Loan Status Online?

Once you have completed the personal loan application process with HDFC Bank, you can easily check/track the status of the application using the loan application tracker present on the website of the bank. By making use of this tool you can stay updated about the progress of the loan till it is disbursed in your registered bank account. Here is the step-by-step guide to check the HDFC personal loan status directly on the bank website at any stage:

• Step 1: Log onto the official website of HDFC Bank.
• Step 2: Next, go to the ‘Personal Loans’ section and click on the ‘Loan Tracker’ tab.
• Step 3: Alternately, visit this link to directly go to the HDFC Bank loan status tracker - https://leads.hdfcbank.com/applications/misc/LST/loantracker.aspx.
• Step 4: Enter your name in the box provided against ‘Applicants Name’ tab. You can alternately check the loan status by providing the Reference/Proposal Number in the given box.
• Step 5: In the next step, either provide your date of birth, month and year in dd/mm/yy format in the tracker using the calendar available next to it or key in your mobile number that is registered with the bank.
• Step 6: Hit the ‘Submit’ button after verifying all the details again.
• Step 7: The current status of your loan application with HDFC Bank will instantly appear on the page.

Note: Ensure to provide correct details on the tracker as per your loan application in order to stay updated with the current status of your loan. If there are typing errors or other mistakes, the update will not be displayed by the tracker.

HDFC Personal Loan Interest Rates

When you take a personal loan from HDFC Bank, your interest rates will be very reasonable and competitive. Your interest rate will be determined by your loan amount, loan tenure, your income, and your credit score. The rack interest rate for salaried individuals is 15.00% to 20.99% p.a.

Rates offered to customer during the period of January 2018 to March 2018:

Internal rate of return (IRR)	Fourth Quarter (Q IV) (2017-18)
Minimum IRR	9.10% p.a.
Maximum IRR	21.05% p.a.
Average IRR	13.04% p.a.

Annual Percentage Rate offered to customer during the period of January 2018 - to March 2018:

APR	Q IV (2017-18)
Minimum APR	9.14% p.a.
Maximum APR	24.68% p.a.
Average APR	13.31% p.a.

Note: Government Taxes and other charges will be levied over the fees and charges as applicable.

HDFC Bank Personal Loan Eligibility

HDFC Bank has some mandatory eligibility criteria which the interested borrowers need to fulfill in order to be eligible for a personal loan from the bank. Here are the eligibility criteria for HDFC Bank personal loan which are applicable for the salaried as well as self-employed individuals:

• In order to be eligible for a personal loan from HDFC, you will need to be a salaried employee or a self-employed individual.
• Employees of private limited companies, employees from public sector undertakings, including state, central, and local bodies, salaried doctors, and CAs are eligible for getting a personal loan from HDFC Bank.
• If you are a salaried employee, you should be at least 21 years of age at the time of loan application and not more than 60 years during the maturity date. However, if you are a self-employed individual, you need to be at least 21 years old and not more than 65 years.
• You should have a stable job with at least 2 years of experience and with a minimum of 1 year with the current employer. If you are self-employed then you should have minimum 3 years of overall experience with at least 1 year of experience in your present business.
• Your monthly income should be minimum Rs.15,000 net income every month. You need to earn minimum Rs.20,000 net income per month if you are a resident of Kolkata, Delhi, Mumbai, Bengaluru, Hyderabad, Pune, Chennai, Ahmedabad, and Cochin.
• For getting your HDFC personal loan application processed and approved, you will need to submit proof of address, identity proof, bank statements for the most recent 3 months, bank passbook for the most recent 6 months, your most recent salary certificate or salary slips, and your most recent Form 16.
• For address proof, you can submit your electricity bill, rental agreement, ration card, telephone bill, or your passport. For identity proof, you can furnish your driving license, passport, Aadhaar, or your voter ID card.
• You needn’t furnish any security or collateral to get an HDFC Bank personal loan.
• You do not have to arrange for a guarantor when you apply for an HDFC personal loan.

The above-mentioned documents will help in the verification process conducted by the bank. If you submit valid documents as asked by the bank, your personal loan application and approval process will get completed within a short span of 1-2 working days. So, follow all the norms of HDFC Bank loan application to avoid wastage of time and get quick funds to meet your varied financial needs.

HDFC Personal Loan for Salaried Employees

• For a salaried employee, HDFC Bank offers personal loans ranging from Rs.50,000 to Rs.40 lakh. A salaried employee who is interested in an HDFC personal loan should meet certain requirements that are imposed by the bank. The applicant should be at least 21 years old while applying for the loan and not more than 60 years when the loan matures.
• The applicant should have a stable job with at least 2 years of experience and with a minimum of 1 year with the current employer.
• He/she should be earning at least Rs.15,000 net income every month. Applicants from some specific states mentioned above are required to earn minimum Rs.20,000 every month. The applicant will be required to prove this income by giving a salary slip and Form 16. Whether the applicant is working in a private company/defence sector/government sector, he/she will need to furnish these documents.
• The credit history and credit score of the applicant should be good, preferably more than 700. If he/she has maintained good credit discipline by paying all the previous loan installments and credit card bills on time, then his/her loan eligibility will rise. Hence, before applying for a personal loan from HDFC, the applicant need to ensure that he/she has boosted the creditworthiness.
• Apart from the income, the bank will also assess the job stability of the applicant. If you have been moving from one job to another, your income flow could get impacted negatively. Hence, HDFC will check the number of years or months you have been with a particular company and then decide if your loan should be approved or not. They also prefer individuals who work full-time instead of part-time. Your employment status will also determine the interest rate for your personal loan.
• HDFC will also evaluate your fixed obligations to income ratio (FOIR). The bank will compute the ratio of your fixed obligations (your other expenses, other prevailing loan EMIs, and financial commitments) to your income. To get your personal loan approved from HDFC, your FOIR should be at least 0.45.

HDFC Bank Personal Loan for Self-Employed Individuals

• If you are a self-employed individual and are looking for a reliable personal loan, you can check out HDFC personal loan. The bank offers loans of Rs.50,000 to Rs.40 lakh to self-employed applicants.
• If you have been running a business for a period of at least 36 months, you will be eligible for a personal loan from HDFC Bank. You will be required to furnish income tax returns for a period of 24 months in order to acquire this loan.
• You can apply for any loan amount between Rs.50,000 and Rs.40 lakh as per your preference and ability to repay. The bank’s approval of your loan amount will depend on your monthly income as mentioned in your Income Tax returns and also your other fixed expenses including rent, office maintenance expenses, employees’ salaries, present EMIs that you have to pay for other loans, etc.
• Apart from these above-mentioned aspects, HDFC Bank will also check your FOIR to assess your repayment capability.

How to calculate EMI for HDFC Bank Personal Loans?

Before you apply for a personal loan from HDFC Bank, you can utilise an online EMI calculator to compute your EMIs. This will help you be aware of your total expenses for this personal loan. You can make use of any online EMI calculator provided by third-party financial websites or the official websites of HDFC.

You can check out the personal loan EMI calculator offered by BankBazaar web portal. You will need to enter the loan amount, interest rate for your loan, and processing fee for different loan tenures. You will get different results for different loan tenures. You can change the loan amount and interest rate also. If you are planning to make a pre-payment, you can enter details associated with that also.

The BankBazaar HDFC personal loan calculator is user-friendly and provides accurate results in just a few minutes.

Let us take at the following table to understand how EMI is calculated for multiple years for various loan amounts. In the table given below, we have assumed that the interest rate is 10.99% and that the processing fee is 2%. The processing fee is usually a certain amount which is fixed by the bank or a certain percentage of your loan amount.

Loan Amount	Interest Rate	EMI for 1 Year	EMI for 2 Years	EMI for 3 Years	EMI for 4 Years	EMI for 5 Years
3 Lakhs	10.99%	26,513	13,981	9,820	7,752	6,521
4 Lakhs	10.99%	35,351	18,641	13,094	10,336	8,695
5 Lakhs	10.99%	44,188	23,302	16,367	12,920	10,869
7 Lakhs	10.99%	61,864	32,622	22,914	18,088	15,216
10 Lakhs	10.99%	88,377	46,603	32,734	25,841	21,737
13 Lakhs	10.99%	1,14,890	60,584	42,554	33,593	28,259
15 Lakhs	10.99%	1,32,565	69,905	49,101	38,761	32,606
20 Lakhs	10.99%	1,76,754	93,206	65,468	51,681	43,475
30 Lakhs	10.99%	2,65,131	1,39,810	98,202	77,522	65,212

HDFC Personal Loan Balance Transfer

The transfer of outstanding personal loan balance from one bank to another bank is generally referred to as a personal loan balance transfer. Some of the reasons why people opt for a loan transfer are reduced EMIs and longer tenure of payments. You can transfer your HDFC Bank personal loan to a new lender if you have paid your EMIs for a prespecified duration as mentioned in the loan agreement. Your new lender may charge you a loan transfer fee which is usually equal to 1% of the outstanding amount. Similarly, you can also transfer your existing loan to HDFC Bank to avail special offers and benefits. HDFC Bank offers interest rates as low as 11.39% p.a. with a flat processing fee of Rs.1,999 on loan transfers.

Eligibility for HDFC Bank Personal Loan Balance Transfer

The individual applying for a loan transfer should meet the below mentioned conditions:

• Should be above 21 years of age at the time of transferring the loan balance.
• Should be employed from the past 2 years out of which, 1 year should be with the current employer.
• Should have an income of Rs.12,000 per month (for cities Mumbai, Delhi, Bangalore, Chennai, Hyderabad, Pune, Kolkata, Ahmedabad, and Kochi it is Rs.15,000).

Documents to be Submitted for Personal Loan Transfer

• Identity proof of the applicant: Aadhaar/PAN Card/Voters ID card/Driving License/Passport (copy of any one)
• Address proof: Voter ID card /Aadhaar/passport/ /driving license /Previous 3 months bank statement/Bank passbook of last 6 months (copy of any one)
• Salary proof:

For salaried applicants:

• Current-dated salary slip
• Most recent salary certificate along with the latest Form 16

For self-employed applicants:

• Updated Bank statement
• The latest ITR or Form 16

Eligibility Criteria for Personal Loan Balance Transfer

• To be eligible for personal loan, you must first be a salaried individual
• The maximum loan amount sanctioned will be up to Rs.15 lakh
• It comes with flexible repayment options
• Loan tenure can range from 12 months to 60 months
• HDFC offers Personal Loan Diva for women customers which comes with a pre-approved amount of Rs.3 lakh.

HDFC Personal Loan Balance Transfer Offers

If you are planning to save your money by minimising your EMIs for other loans, you can transfer your personal loan balance to an HDFC Bank personal loan account. The balance transfer facility offered by HDFC Bank enables you to move the unsettled balance from your other personal loans and credit cards to a new personal loan account with HDFC. This will help you in minimising your financial burden. You can enjoy a lower interest rate with an HDFC personal loan balance transfer.

You can enjoy additional benefits also with this facility. With this balance transfer feature, you can go for a top-up loan facility if you need additional funds for your various requirements. Moreover, you can enjoy a longer loan tenure with this facility.

The documentation process for HDFC personal loan balance transfers is minimal and quick. You can take the help of a bank representative at HDFC Bank for successfully completing the application process.

HDFC Balance Transfer Calculator

The website of HDFC Bank has an advanced balance transfer calculator that helps you in understanding your total savings on EMIs after transferring the balance from other banks to HDFC Bank. You just need to key in your current personal loan amount, the rate of interest, your loan tenure, the number of EMIs that you have paid, and the new tenure that you want for your new HDFC personal loan in this special balance transfer calculator. You will have to enter the loan tenure in months in this calculator. This calculator does not take foreclosure charges of a prevailing loan into account.

How to Calculate Your Savings through HDFC Balance Transfer Calculator?

Here is a step-by-step guide on how to use the HDFC Bank Balance Transfer calculator:

• Step 1: Log into the official website of HDFC Bank.
• Step 2: Select the ‘Balance Transfer Calculator’ tab to open the balance transfer calculator.
• Step 3: After opening calculator, enter your existing personal loan amount in the first box.
• Step 4: Next, key in the current rate of interest of your loan in the given box.
• Step 5: When done provide the existing loan repayment tenure in months in the box using the given calendar.
• Step 6: Then mention the number of already paid EMIs for your current loan in the ‘EMIs Paid’ box.
• Step 7: Lastly, enter the tenure you wish to have on your HDFC Bank Personal Loan in months making use of the calendar given along with the tool.
• Step 8: Once you have provided all the particulars, crosscheck and click the ‘Calculate’ button.
• Step 9: The calculator will display the required information instantly.

Details regarding HDFC personal loan balance transfer

Eligibility Criteria for HDFC Bank Personal Loan Balance Transfer
Age of HDFC balance transfer applicant	Minimum: 21 years Maximum: 60 years
No. of years in employment	2 years and above
Net monthly income	Rs.15,000 and above (CAT-A companies) Rs.20,000 and above (Non-listed companies)
Minimum work experience	Work experience of at least 2 years out of which 1 year should be with present employer
Loan details for HDFC Bank for balance transfer
Minimum loan amount	Rs.50,000
Maximum loan amount	Rs.15,00,000
Minimum loan tenure for balance transfer	12 months
Maximum loan tenure for balance transfer	60 months

Turn Around Time of HDFC Bank balance transfer
Salary below Rs.75,000	5 to 7 working days
Salary higher than Rs.75,000	2 working days
Salary available for making EMIs
Up to Rs.25,000 per month	35% of salary is considered
Rs.25,000 to Rs.50,000 per month	40% of salary is considered
Above Rs.50,000 per month	45% to 50% of salary is considered

HDFC Personal Loan Processing Time

HDFC Bank has a faster turnaround time when compared to most of the other banks in the country. The bank recently launched the 10-second loan approval and disbursement mechanism, which is the first of its kind. Now customers can avail loans with the click of a button. The growing demands from digitally-savvy customers has pushed the bank to formulate new methods and expedite the loan sanctioning process. But generally, after submitting your application, the loan is sanctioned within 7 working days if everything is in order. Personal loans from HDFC Bank are available for first-time customers as well, but the credit score or past credit record of the customer greatly matters. The bank charges a processing fee which is equal to 2.5% of the loan amount subject to a minimum of Rs.1, 000 and a maximum of Rs.25, 000. Note that all loan approvals are done at the sole discretion of the bank.

HDFC Personal Loan Pre-closure

When a borrower pays off his/her loans completely before the term, it is known as pre-closure or prepayment of the loan. Pre-payment or pre-closure of a loan before a specified time period attracts certain penalties. Prepayment penalties are generally charged by the HDFC Bank at a flat rate or based on the interests for certain months. However, the option of prepayment is made available to the customers only after a specified period of loan ownership. The pre-closure of your loan depends on a number of factors such as interest rate, current status of your loan, and tenure of payment. Also, the prepayment option is not available until repayment of 12 EMIs. Refer to the below table for prepayment charges.

Details of the HDFC Bank Personal Loan Pre-closure Charges

EMIs Paid	Charges
13 to 24 months	4% of principal outstanding
25 to 36 months	3% of principal outstanding
More than 36 months	2% of principal outstanding

HDFC Personal Loan Verification Process

It normally takes 1 to 2 days’ time to examine the documents submitted by the borrower. Generally, the in-house verification team of the bank gets in touch with the applicant to verify details such as place of residence and other important information furnished. Verification of documents such as PAN card, Aadhar card, and Passport takes place online. Once the verification process is done, the application is sent to the personal loan officer who forwards the same to the concerned department for approval. Applications may also get rejected in case of mismatch of the information provided or if it is found that incorrect details have been furnished. The bank will however communicate the reason for disapproval which allows the applicant to make corrections and apply a second time.

HDFC Personal Loan Top Up

It normally takes 1 to 2 days’ time to examine the documents submitted by the borrower. Generally, the in-house verification team of the bank gets in touch with the applicant to verify details such as place of residence and other important information. Verification of documents such as PAN card, Aadhaar card, and Passport takes place online. Once the verification process gets completed, the application is sent to the personal loan officer who forwards the same to the concerned department for approval. Applications may get rejected in case there is any mismatch of the information provided or if the furnished details are found to be incorrect. However, the bank will state the reason for disapproval which allows the applicant to make corrections and apply a second time.

HDFC Personal Loan Top Up

A top up loan comes in handy when you need extra cash in addition to the loan amount sanctioned to you. You get a consolidated EMI for both your existing loan and top up loan, covering the total value. It is comparatively better than having two different loans and paying EMIs separately. Here are some of the key features of HDFC Bank personal loan top up facility:

• Simple and hassle free documentation
• The option is available for both the existing as well as new customers under the balance transfer facility
• Comes with easy repayments and attractive interest rates
• Loans for a variety of personal needs are available
• No collateral or security is needed to avail HDFC Bank Personal Loan Top Up
• Quick approval and disbursal of loan

How are HDFC Personal Loans Different?

HDFC personal loans are among the most sought-after options in times of financial emergencies as the interest rates offered by the bank can be as low as 15% p.a. Although you will have to incur costs of minor charges such as processing fee, service tax, and other government taxes, the implementation of the Goods and Services Tax (GST) has lowered the standard service tax rate from 18% to 15%, making HDFC personal loans the ideal bet for education, travel, or any other financial requirement.

HDFC personal loans are offered at interest rates ranging from 15% to 20.99% p.a. The maximum amount you can avail through an HDFC personal loan is Rs.40 lakh, and the tenure can extend up to five years. Here are some of the main features of personal loans offered by HDFC Bank:

• Attractive interest rates: HDFC offers personal loans for interest rates starting at just 15% p.a., making them the most attractive options in the market.
• Free insurance cover: HDFC personal loans offer add-on benefits which include a personal accident cover of almost Rs.8 lakh. In addition to this cover, these loans also come with a critical illness cover of Rs.1 lakh.
• Minimal documentation: The documentation process associated with an HDFC Bank personal loan is minimal, and the disbursal is quick and hassle-free. The HDFC Bank personal loans are considered to be one of the most convenient options due to the hassle-free loan application, verification, and disbursal process.
• Special schemes for female applicants: HDFC Bank also offers personal loans to female applicants through a specialised scheme called Personal Loan Diva Scheme under which female applicants receive pre-approved loans worth Rs.3 lakh in addition to a number of products and brands.

HDFC Personal Loan Status

If you have taken a personal loan from HDFC Bank and want to track the status of your application, visit the official website of the bank and click on ‘Track My Application’. Once you open the link, a few details will have to be entered, such as the name of the applicant, his/her date of birth, and the loan reference number. After you have entered the details, you can view the status of your application. Refer to the ‘HDFC Bank Personal Loan Status Tracker’ section on this page for more details.

How CIBIL score affects HDFC Personal Loan Interest Rates?

When you are applying for a personal loan from HDFC Bank, it is very important that you are aware of your credit score provided by Credit Information Bureau (India) Limited (CIBIL). A CIBIL score indicates your previous credit history and your previous credit behaviour. The score denotes whether you have made any late payments or have defaulted any loan instalments in the past.

Hence, it is very important that you focus on maintaining a high CIBIL score especially before applying for a new loan.

The CIBIL score ranges from 300 to 900 in India wherein 300 is the lowest score and 900 is the highest. If you’re CIBIL score is 750, you are in the safe zone and you have high chances of getting your HDFC personal loan approved.

If your CIBIL score is below 750, it is a bad sign as you are represented as a not so credible borrower. However, in such cases don’t panic as there are still chances that your HDFC personal loan will get approved. Your loan may get approved by the bank, but you might have to pay an extremely high-interest rate for the loan. Hence, before you apply for the loan, ensure that you boost your credit score extensively. This will assist you in securing the loan that you really need for meeting your multiple financial needs.

HDFC Bank Personal Loan Fees & Charges

Processing fee	Up to 2.50% subject to a minimum of Rs.1,000 and maximum of Rs.25,000 for salaried borrowers
Charges for late payment of EMI	2% every month on EMI or the Principal overdue subject to a minimum amount of Rs.200
Pre-payment charges	More than 36 months: 2% of principal outstanding amount 25 to 36 months: 3% of principal outstanding amount 13 to 24 months: 4% of principal outstanding amount
Prepayment in Part or full	Pre-payment in part or full is allowed only after the repayment of 12 EMIs. Part Payment is permitted up to 25% of the principal outstanding amount. It is allowed only once in a fiscal year and twice during the entire loan tenure.
Foreclosure charges	Foreclosure is allowed after 12 EMIs Prepayment charges for different years: 2nd year: 4% 3rd year: 3% After 3 years: 2%
Cheque bounce charges	Rs.550 per cheque bounce
Cheque swapping charges	Rs.500
Amortization Schedule charges	Rs.200

HDFC Diva Personal Loan - Personal Loan for Women

HDFC Bank specialises in providing personal loans to various individuals according to their specific requirements. The bank introduced an exclusive personal loan scheme to cater to the financial needs of women. Any working woman can apply for this loan and get the funds that they need. This loan scheme is aptly called ‘Diva Loan’.

This loan product is designed to enable women to stand on their own feet without having to depend on others for financial support. A woman can handle any financial emergency or any other obstacle with the help of this loan scheme.

Why Should Women Choose HDFC Bank Diva Personal Loan?

HDFC Bank is dedicated to offering prompt and custom-made financial solutions for all kinds of purposes. It is one of the major banks in India that is striving to help women achieve everything that they dream of while also supporting them financially to gain a respected position in the society. The bank aims to help women so that they can stop depending on others for monetary assistance.

When you go for the HDFC Bank Diva Personal Loan, you can be completely independent and make your wishes come true. You will not have to rely on your parents, spouse, siblings, or friends for funds.

You can get a loan of up to Rs.3 lakh under this particular loan programme. Moreover, you can enjoy the Diva privilege when you purchase goods and services at select stores. You can also procure a pre-approved loan under this scheme.

How Would You Redeem Your Privilege Points?

With the HDFC Bank Diva Personal Loan, you will receive special Diva privilege points. These points will help you save money extensively and you can also enjoy exclusive offers. You can choose from online vouchers, M-coupons, and gift vouchers. You will need to follow a few important steps in order to redeem these privilege points.

For redeeming gift vouchers or product vouchers

• You first have to contact the HDFC team by calling their customer care centre or by sending an email to them and mention your unique Diva number.
• Next, after your Diva number is verified, you will receive a verification email on your email ID.
• You can then buy your gift or product voucher by paying through card or cash.
• You will receive your gift or product voucher within 15 days. It will be delivered to your registered address.

For redeeming online offers

• At first, you have to give your unique Diva number by contacting the HDFC customer care centre through call or by sending an email to the HDFC customer care team.
• You need to select the online offer that you are interested in. Next, you will get a verification email in your registered mail ID regarding the product that you have chosen.
• You will then obtain your voucher code and information regarding the redemption in the form of an email.
• You can then sign into your partner’s or merchant’s website and you can utilise the voucher code when you pay for your goods or services.

For redeeming M-coupons

• First, you need to mention your unique Diva number by calling the HDFC Bank customer care centre or by sending an email to the customer care centre of HDFC Bank.
• After you get your Diva number verified, you will receive a verification email with details about the product that you have chosen.
• Once you confirm the details, you will receive a promo code on your registered mobile number in the form of an SMS. You are required to show this SMS at the store that you visit for purchasing a product or service.

HDFC Professional Loan

If you are planning to take a professional loan, you can approach HDFC Bank for several loan options. According to your specific preferences and needs, you can opt for a loan from the bank. HDFC Bank has a special category of loans for the professionals. Just like personal loans, the documentation process for this loan category is also quick and minimal. Moreover, you can enjoy affordable interest rates for these loans. Whether you are a doctor, a teacher, a chartered accountant, a lawyer, or an advocate, you can cultivate your skills in your profession with the help of this loan.

You can also build your business or firm related to your profession with the help of this loan scheme offered by HDFC Bank.

Features of HDFC Professional Loan

• The rate of interest for HDFC Professional Loans ranges from 12.50% to 15.65% p.a.
• You will need to apply for a loan of up to at least Rs.50,000 and the maximum amount for this loan product is Rs.20 lakh (up to Rs.50 lakh in selected locations)
• Your loan quantum will be determined as per your income, cap on your loan, and your repayment ability.
• You can choose any loan repayment tenure ranging from 12 months to 60 months. The tenure for professional loans is flexible.
• You will be required to pay a processing fee of up to 2.50% of the actual loan amount subject to a minimum of Rs.2,359 and maximum of Rs.88,500.
• You can make a pre-payment of your professional loan only after completing 6 EMIs.
• You can make pre-payment of the loan at 4% of principal outstanding during 7-24 months, 3% of principal outstanding between 25-36 months, and 2% of principal outstanding after 36 months.

Benefits of HDFC Professional Loan

• Under this loan category, doctors can get special loan offers.
• You do not have to furnish any security or collateral in order to avail this loan product offered by HDFC Bank.
• The bank follows competitive pricing for this loan product.
• These loan applications get approved very quickly with much hassles.
• You can apply for this loan scheme online conveniently on the official website of HDFC Bank.
• You will get the coverage of a Credit Protect Insurance Plan at nominal premium which insures the principal outstanding on the loan up to a maximum of the loan amount. It will enable the customer/nominee to avail the Payment Protection Insurance (Credit Protect) in case of natural/accidental death of the customer.
• You can check your eligibility for this loan online by visiting the bank’s website. This will help you have a clear idea if you can apply for the loan or not. If you find out that you are eligible for this loan, you can go ahead and apply. If you get to know that you are not eligible, then you can take necessary measures to improve your eligibility prospects. This will then assist you in applying for the loan successfully.

Eligibility criteria for HDFC Professional Loan

• You need to have at least 4 to 5 years of work experience after completing your professional courses such as chartered accountancy, medicine, law, architecture, company secretary, etc. While Doctors and Chartered Accounts need to have at least 4 years of post-qualification experience, Company Secretaries and Architects should have a minimum of 5 years of post-qualification experience.
• You should be at least 25 years old while applying for this loan and not more than 65 years old when your loan matures.
• You should be earning profits at least for 2 years in your business or firm.
• The annual income or ITR from your business should be at least Rs.1 lakh p.a.

HDFC Personal Loans in 10 Seconds

There is no doubt the value of time in a fast-paced world is extremely high, and to ensure that you do not waste too much time, HDFC Bank offers personal loans in just 10 seconds. Regardless of the reason for which you may require financial help, India’s second-biggest private lending institution has launched an attractive offer that has caught the eye of millions across the country. Here are some of the features of HDFC Bank 10 Second Personal Loan Offer:

• It is a paperless loan scheme and can be availed online through the official website of HDFC Bank.
• The HDFC Bank Bank 10 seconds personal loans are offered only to the Pre-approved HDFC Bank customers.
• It only takes 10 seconds to disburse the loan so that precious time can be saved.
• The process for approval and disbursal is transparent and hassle-free.
• Women customers can make the most of lower interest rates ranging from 11.49% to 19.50%.
• The tenure ranges from one year to five years.
• The maximum amount that can be borrowed against this loan is Rs.40 lakh.
• There are no hidden charges and the processing fee is quite low, up to 2.50% of the loan amount.
• Zero prepayment charges in case the loan amount is in excess of Rs.10 lakh and the customer earns a monthly salary more than Rs.75,000.

Get Instant Personal Loan through HDFC Bank ATMs

• Are you an HDFC Bank account holder? If you are then you can now enjoy instant personal loans by stepping into any HDFC Bank ATM. According to your salary credits, card repayments, transaction information, you will receive your loan. You can obtain small instant loans at any HDFC Bank ATM by simply providing your basic details. The HDFC Bank ATM will serve as a credit officer for such small loans.
• HDFC Bank has an analytics engine that helps in monitoring the credit history and transaction history of the loan applicant. This engine also checks the credit score of the applicant and helps in deciding if the loan application should be approved or not.
• The customer just has to touch a few buttons on the ATM machine or touch a few icons on the ATM screen and then choose the loan amount. Accordingly, the applicant will receive the loan in just a few minutes.

Applying for HDFC Personal Loan in 10 seconds

If you wish to apply for a personal loan from HDFC Bank, you will have to log in to your HDFC net banking account and visit the “Offers” page. On this page, you will have to look for a banner that says “Pre-approved Personal Loan” and once you locate it, click on “Apply Now”. The bank will credit the pre-approved personal loan amount to your account immediately without any verification or documentation process.

HDFC Insta Jumbo Loan

Jumbo Cash, as it was previously known, HDFC Insta Jumbo Loan is a pre-approved loan offered above the credit limit of your HDFC credit card. Any customer who holds an HDFC Bank credit card and an active HDFC savings account can apply for an HDFC Insta Jumbo Loan. The loan amount will be disbursed via credit to your HDFC savings accounts once your application is approved and the loan is sanctioned.

Some of the important reasons as to why the HDFC Bank Insta Jumbo Loan has attracted so much interest from across the country is because the disbursement is quick, there is no documentation, the interest rates are attractive, the tenure is flexible, and the credit limit will not be blocked on your credit card when you avail this loan.

How to Apply for and Avail HDFC Insta Jumbo Loan?

HDFC Bank credit card customers can apply for an HDFC Insta Jumbo Loan through net banking and phone banking. If you use the net banking route, you will have to log in to your HDFC netbanking account and click on “Cards”, then select “Credit Cards”, then hit “Transact” and select “Insta Jumbo Loan”. Phone banking can also be used to avail personal loans from HDFC Bank.

Repayment of HDFC Insta Jumbo Loan

The interest on an HDFC Insta Jumbo Loan is calculated using the reducing balance method. Here is an indicative EMI table wherein the interest rate is calculated at 1.25% per month.

Loan Amount	60 months	48 months	36 months	24 months	12 months
Rs.50,000	Rs.1189	Rs.1392	Rs.1733	Rs.2424	Rs.4513
Rs.1 lakh	Rs.2379	Rs.2783	Rs.3467	Rs.4849	Rs.9026
Rs.2 lakh	Rs.4758	Rs.5566	Rs.6933	Rs.9697	Rs.18,052
Rs.3 lakh	Rs.7137	Rs.8349	Rs.10,400	Rs.14,546	Rs.27.077
Rs.4 lakh	Rs.9516	Rs.11,132	Rs.13,866	Rs.19,395	Rs.36,103
Rs.5 lakh	Rs.11,895	Rs.13,915	Rs.17,333	Rs.24,243	Rs.45,129

When you avail an HDFC Insta Jumbo Loan, a new card number shall be created for the account and you will receive a separate monthly statement for the same. The payment due date and the billing cycle date will remain the same as the credit card account. The monthly account statement will have the EMI billed to it starting from the first billing cycle date after the loan was taken.

Within seven days from the date on which you availed the loan, the auto-pay feature for EMI debit shall be activated and your savings account will be debited for the overall amount which is pending on the payment due date as mentioned in the loan monthly statement. You will have to ensure that sufficient balance is maintained in your savings account prior to the payment due date.

HDFC Insta Loan

An Insta Loan from HDFC Bank is a pre-approved loan within the credit limit on a customer’s HDFC Bank credit card. In this loan, the loan amount is blocked against the credit limit.

When you avail an Insta Loan from HDFC Bank, the loan amount will be credited immediately to your HDFC Bank savings account. The interest rates applicable to an Insta Loan are quite attractive and there is no documentation required to avail it. The repayment tenure is also flexible, and the loan amount will be disbursed via credit to your HDFC Bank savings account or through a demand draft drawn in the applicant’s name in keeping with the bank’s credit card records.

How to Apply for and Avail HDFC Insta Loan?

Only some customers who have an HDFC Bank credit card can avail the Insta Loan. Eligibility can be checked by logging into your HDFC net banking account and clicking on “Cards”, then “Credit Cards,” “Transact”, and “Insta Loan”. You can also call the bank’s phone banking number at any time to check your availability for the loan.

Repayment of HDFC Insta Loan

The interest on HDFC Insta Loans is calculated using the reducing balance method. Here is an indicative table wherein the interest rate is calculated at 1.25% per month.

Loan Amount	48 months	36 months	24 months	18 months	12 months
Rs.50,000	Rs.1392	Rs.1733	Rs.2424	Rs.3119	Rs.4513
Rs.1 lakh	Rs.2783	Rs.3467	Rs.4849	Rs.6238	Rs.9026
Rs.2 lakh	Rs.5566	Rs.6933	Rs.9697	Rs.12,477	Rs.18,052
Rs.3 lakh	Rs.8349	Rs.10,400	Rs.14,546	Rs.18,715	Rs.27.077
Rs.4 lakh	Rs.11,132	Rs.13,866	Rs.19,395	Rs.24,954	Rs.36,103
Rs.5 lakh	Rs.13,915	Rs.17,333	Rs.24,243	Rs.31,192	Rs.45,129

The EMI amount along with the education cess and service tax (Monthly payment dues) shall be billed to you in the monthly statement starting from the immediate billing cycle date. These dues will be part of the minimum amount due that appears on your monthly credit card statement. It is important that you pay the minimum amount in order to ensure that your card remains active. Interest will be levied along with other applicable fees on the balance outstanding.

HDFC Retail Agri-Loans

If you are looking for an inexpensive agricultural loan, you can check out HDFC Bank’s retail agri-loans. You can apply for the HDFC Kisan Card/Kisan Gold Card for meeting expenses related to domestic consumption, purchase of equipment, expenses after harvest of crops, and domestic consumption. The main purpose of this loan is to enhance agricultural development. The supervision charges of this loan range from Rs.500 to Rs.2,000. You will be asked to pay a processing fee of 1% of the loan amount. The upper limit of withdrawal of your Kisan Card will be Rs.15,000 at ATMs each day. You can use the card for paying for items having worth of Rs.25,000 at the outlets of the merchants.

HDFC Bank Tractor Loan

If you are planning to buy a new or pre-owned tractor and worried about funds, you can apply for a tractor loan from HDFC Bank. You can buy a tractor with this loan and take care of your agricultural activities efficiently. You will need to be at least 18 years and not more than 60 years while applying for this loan. Through this loan you can avail up to 90% of the total cost of your preferred tractor from the bank. The interest rates for HDFC tractor loans range from 9.45% to 15.85% p.a with an average APR of 16.73% p.a.

HDFC Loan against Property

If you own a property in your name it is a great thing as it can come of use when you need a loan for emergency purposes. If you are looking for a reliable loan, you can check out HDFC Bank loan against property. You can choose from Loan against Property/Loan for Commercial Property, Dropline Overdraft against Property/Commercial OD against Property, and Loan against Rent Receivables. The rate of interest for these loans ranges from 11.20% to 13.70% p.a. The bank takes residential and commercial properties as security for HDFC loans against property.

HDFC Agriculture Loan

If you are looking for a good loan product for agricultural purposes from a reliable lender, you can approach HDFC Bank for their HDFC Agriculture Loan. This loan can be taken by anyone who deals in poultry, cash crops, animal husbandry, warehousing, horticulture, dairying, etc. One can also get working capital with the help of this loan for the purpose of transporting, storing, and preserving the crops with proper care. The agricultural loans provided by the bank include warehouse receipt financing, crop loans, agri-business credit, tractor loans, retail agri-loans, etc. The interest rates of these loans vary from one another. You can apply for a Kisan card or Kisan gold card as well.

HDFC Bank Loan against Securities

In case you have bought certain securities in your name these can come handy when you are struggling financially. You do not have to sell these securities to make money. Instead, you can take a personal loan against these securities. You can approach HDFC Bank to apply for a Loan against Securities. The maximum loan amount provided by this scheme is Rs.2 lakh. While the annual percentage rate (APR) for loans against equity securities ranges from 9.25% to 11.14% p.a. the rate for loan against debt securities ranges from 7.95% to 10.62% p.a.

HDFC Bank Loan against Rent Receivables

If you are anticipating to get cash flows from rent receivables, you can use these rent receivables to apply for a loan from HDFC Bank. The bank provides a product known as Loan against Rent Receivables under its ‘Loan Against Assets’ category. In order to be eligible for this loan, one should be the owner of a property. You can utilise the funds from this loan to meet your personal requirements. The maximum loan amount that can be availed through this scheme is 50% of the market value of your property.

HDFC Personal Loan Status

After applying for a personal loan from HDFC Bank, you may wonder if your loan application has been accepted or rejected. You can check its status by checking the personal loan status tracker, which can be accessed on the bank’s official website. You can monitor the status of your loan application through your HDFC loan account or loan reference number or loan proposal number. You may also check with your loan application number or with your registered mobile number. To check the loan status with your HDFC Loan Account, you will be required to sign up with an email ID and a new password. Apart from these, you can also also call the customer support or send SMS from your registered number to know about the loan status.

HDFC Personal Loan Customer Care

If you avail a personal loan from HDFC Bank, you can be assured that any complaints, queries, or confusions that you may have will be resolved immediately by the 24/7 helpline number of the company. The customer care representatives of the bank can be reached over the phone by dialling 1800-425-4332, 1800-22-1006, or 1800-22-4060. You can also reach out to the bank via Click2Talk, Webchat and SMS.

Alternately, you can also ask your queries to HDFC Bank’s EVA (Electronic Virtual Assistant), which is India's first and largest banking chatbot powered by Artificial Intelligence (AI).

HDFC Personal Loan FAQs

1. What is the interest rate range for HDFC Personal Loan?

The interest rate for HDFC Bank personal loan ranges from 15.00% to 20.99 % p.a. The loans are at the sole discretion of the bank and it decides the final interest rate to be applicable for a customer based on their individual credit profile and payability.

2. What is the maximum personal loan amount offered by HDFC Bank?

HDFC Bank offers personal loans up to Rs.25 lakh. However, the final amount is decided by the bank on the basis of the current income, credit history, and debt-to-income ratio of the customer.

3. If I apply for HDFC Personal Loan through BankBazaar, how long will it take for me to receive a response?

Usually, the bank will respond to your loan request within 2-3 days. However, if you apply for HDFC Personal Loan through BankBazaar, you will receive a response within 30 minutes.

4. Do I need a guarantor to apply for a personal loan from HDFC?

No, you do not need to make arrangements for getting a guarantor to apply for an HDFC personal loan. The bank offers loans as per the credit profile of the borrowers and if they are found to be eligible for a loan they will be provided with the same without any guarantor.

5. What is the pre-closure fee for HDFC personal loans?

Salaried individuals who will prepay their HDFC Bank personal loan within 13 to 24 months, you will have to pay 4% of the principal outstanding amount. However, for individuals paying the amount between 25 and 36 months will be 3% of the principal outstanding amount and for customers paying in a period lesser than 36 months from the loan approval will have to pay 2% of the principal outstanding amount as pre-closure free.

6. If I take a personal loan from HDFC, will I be able to make a part-payment option?

Yes, if you are a salaried borrower you will be able to make a part-payment of your HDFC Bank personal loan but only after the repayment of 12 EMIs. Even while making a part payment you are only permitted up to 25% of principal outstanding that also once in a fiscal year and twice during your entire loan tenure.

7. What is the typical processing fee charged by HDFC for personal loans?

You will be charged up to 2.5% of the total loan amount subject to a minimum of Rs.1,999 and maximum Rs.25,000 as a one-time processing fee for the salaried customers by HDFC for your personal loan. However, this processing fee will not be refunded.

8. When can I make a pre-closure of my HDFC personal loan?

You can make a pre-closure of your HDFC personal loan after you complete 1 year of your loan tenure. In other words, you can only pre-close your loan account after making 12 EMI payments.

9. How long will HDFC Bank take to verify my personal loan application?

HDFC Bank typically takes 1 to 2 days to assess your personal loan application form and your relevant documents after submission. A reliable team from the bank that exclusively deals in verification of various application forms will contact the applicant to verify certain information. You can verify documents such as passport, Aadhaar card, and PAN card online itself.

10. What are the repayment methods available for my HDFC Personal Loan?

There are multiple modes of repaying your HDFC personal loan. You may repay your HDFC Personal Loan via ECS, post-dated cheques or standing instruction to debit the loan EMI amount from your HDFC bank account.

11. What are the additional charges for HDFC Bank loan repayment?

The additional charges for loan repayment are only applicable if you default or if there is any SWAP/change in the repayment mode. You can get in touch with the executives of the bank in order to know if there are any other associated fees and charges.

12. How to get a loan amount bigger than what HDFC Bank offers?

Generally, HDFC Bank offers a maximum personal loan amount of Rs.40 lakh to the borrowers. However, you can apply for a higher loan amount by combining your income with that of your spouse or any other member of your family.

13. Is it possible to apply for an HDFC personal loan with existing debts and dues?

Yes, it is possible to apply for a personal loan from HDFC Bank even if you are having dues and debts. Considering your present income, repayment ability, credit score, and fixed obligations to debt ratio (FOIR), the bank will decide whether you are eligible for a loan or not.

14. How much FOIR is required for getting HDFC Bank personal loan eligibility?

A borrower should have a maximum FOIR of 0.45% to be eligible for HDFC Bank personal loans. If you want to increase your eligibility for personal loans from HDFC Bank, first pay off your existing loans and then apply for a new one from HDFC Bank.

15. How much time can be taken to repay the HDFC Bank personal loan?

HDFC Bank offers flexible repayment tenures of 12 to 60 months based on the profile of the customer. Hence, you can choose to go with any of the tenures suggested by the bank as per your comfort and repayment capacity.

16. How much time does HDFC Bank take to process a personal loan request?

After the submission of your personal loan application along with all the important documents, you can expect to get the approval and disbursal of the amount within 4 hours provided that everything is valid and in proper order. However, it is at the sole discretion of the bank to give approval for a particular loan request.

HDFC Bank Personal Loan Tips

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