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  • HDFC Personal loan

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  • HDFC personal loan is offered at interest rate starting 10.75% 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 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
    10.75% - 21.45% Fixed
    Up to 2.5% One time fee
    40L Max
    1-5 years
    Ad 100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews

    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 10.75% - 21.45%.
    • 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 10.75% to 21.45% 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

    Loan Eligibility Criteria

    • 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

    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 loan?

    Let’s take a personal loan of Rs.1 lakh for a tenure of 6 months. 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:

    Months Principal Interest EMI (principal + interest) Balance Percentage of loan paid to date
    1 Rs.16,137 Rs.1,292 Rs.17,428 Rs.83,863 16.14%
    2 Rs.16,345 Rs.1,083 Rs.17,428 Rs.67,519 32.48%
    3 Rs.16,556 Rs.872 Rs.17,428 Rs.50,962 49.04%
    4 Rs.16,770 Rs.658 Rs.17,428 Rs.34,192 65.81%
    5 Rs.16,987 Rs.442 Rs.17,428 Rs.17,206 82.79%
    6 Rs.17,206 Rs.222 Rs.17,428 Rs.0 100.00%

    Compare HDFC personal loan with loan from other lenders

    Fees and charges HDFC Bank Personal Loan Aditya Birla Capital Bank of India Personal Loan Citibank Personal Loan
    Interest rate 10.75% p.a. onwards 11% p.a. onwards 12.90% 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

    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 interest charges"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with HDFC BANK on a month before which was process through an online. The rate of interest was 12% which was high. On time I received a call from their end. The loan amount was sufficient for the tenure period of 5 years. Since interest was high I have closed from my end.
      Was this review helpful? 1
      , purnia
      Reviewed on Oct 21, 2019
    • HDFC Bank
      HDFC Bank Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with HDFC BANK for more than 8 months before, which was processed through an online. They have told as pre approval loan for the tenure period of 3 years. But they have given for 2.9 lakhs. EMI payment I use to pay for 10 thousands rupees. Rate of interest was nominal 11.5%.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 20, 2019
    • HDFC Bank Personal Loan
      "Below Average"
      0.5 5.0/5 "Blown Away!"
      I had applied personal loan from HDFC Bank. My requirement was 2 lakh but they closed my application as I was not able to provide salary slip or ITR. I own a small business so I don't have ITR. Rate of interest is 17.5% it's nominal. Their customer service was good.
      Was this review helpful? 0
      , darbhanga
      Reviewed on Oct 20, 2019
    • HDFC Bank Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I was applied for a personal loan with HDFC bank on a month before which was processed through an online. On time I received a call from bank end for verification for twice. The loan amount was sufficient for the tenure period of 3 years. The rate of interest 12.5%. Since I got a loan amount from other source I have not process for further.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 20, 2019
    • HDFC Bank Personal Loan
      "Need to be decrease interest charges"
      0.5 3.0/5 "Satisfactory"
      I was applied for a personal loan with HDFC bank on a month before which was processed through an online for a verification call I received a call for delay after 15 days. The rate of interest was high of 15%. They offered for sufficient amount for the tenure of 5 years. Since interest was high I have not process for further.
      Was this review helpful? 0
      , jaipur
      Reviewed on Oct 20, 2019
    • HDFC Bank Personal Loan
      "Need to be decrease charges"
      0.5 3.5/5 "Pretty good"
      When I was applied for a personal loan with HDFC bank on a month before which was processed through an online, the verification call I received on time. The rate of interest was high. They offered for 3 lakhs amount for the tenure of 3 years. Since I am unable to submit the documents from bank closed the loan.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Oct 20, 2019
    • HDFC Bank Personal Loan
      "Need to improve their service"
      0.5 1.0/5 "Really Bad"
      I have taken a personal loan with HDFC BANK on a month before which was process through an online. The rate of interest was nominal. I received a call on time from their end. Their service is good. The loan amount was sufficient of 2.4 lakhs for the tenure period of 5 years. From bank end closed the loan process and not intimate the reason as well.
      Was this review helpful? 0
      , dibrugarh
      Reviewed on Oct 20, 2019
    • HDFC Bank Personal Loan
      "Need to improve their service"
      0.5 1.0/5 "Really Bad"
      I have taken a personal loan with HDFC BANK on a month before which was process through an online. The rate of interest was 18% which was high. So far I have not get any call from bank end for further verification. The loan amount was sufficient for the tenure period of 2 years. From bank end closed the loan process and not intimate the reason as well.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 20, 2019
    • HDFC Bank Personal Loan
      "Excellent"
      0.5 4.5/5 "Excellent!"
      I have taken a personal loan with HDFC bank on one year before which was applied directly to bank. The verification process was done on smooth and within 2 days I received a card. Based on my salary they have provided a loan amount which was okay for tenure of 3 years. The rate of interest was 15% which was okay.
      Was this review helpful? 2
      , tezpur
      Reviewed on Oct 17, 2019
    • HDFC Bank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I have applied for HDFC Bank credit card through Online .I have not availed this loan since got the amount from some other source .I have got all the details about the loan process very clearly .The rate of interest was very high and there was no difficulties faced so far .There was good response and follow up from bank end .
      Was this review helpful? 2
      , faridkot
      Reviewed on Oct 17, 2019
    • HDFC Bank Personal Loan
      "Not Satisfied"
      0.5 2.0/5 "Expected more"
      I have applied for HDFC Bank personal loan through Online .I have not availed this loan since the rate of interest was very high .I have not submitted any of my documents and agent gave all the information about the loan process .I am not satisfied with the service .
      Was this review helpful? 2
      , mumbai
      Reviewed on Oct 17, 2019
    • HDFC Bank Personal Loan
      "Need to provide proper attention to the customer"
      0.5 3.0/5 "Satisfactory"
      I have provided the required documents to HDFC BANK via online but after that I got a msg that there was lack of my interest in submitting the documents and it got closed and there was no proper information for canceling which I did not approach them and left it like that. The interest rate i average.
      Was this review helpful? 2
      , dehradun
      Reviewed on Oct 17, 2019
    • HDFC Bank Personal Loan
      "Need to decrease interest charges"
      0.5 5.0/5 "Blown Away!"
      When I applied for a personal loan with HDFC bank a month before which was processed through an online for a verification call was delay from bank after 5 days only I received. The rate of interest was high of 17.9%. So I am not satisfy with interest. They offered for 4 lakhs amount for the tenure of 5 years.
      Was this review helpful? 2
      , daman
      Reviewed on Oct 17, 2019
    • HDFC Bank Personal Loan
      "It's good"
      0.5 4.0/5 "Great!"
      HDFC BANK took around 5 to 7 days for the personal loan disbursement, when I have applied it through online. They have provided me a sufficient amount, the interest rate should be minimal but its acceptable. The processing fee is around 6 to 7K. The loan duration is 5years.
      Was this review helpful? 2
      , gwalior
      Reviewed on Oct 17, 2019
    • HDFC Bank Personal Loan
      "Average Loan Service"
      0.5 4.0/5 "Great!"
      Because I'm having a salary account with HDFC, i had chosen the Personal loan from them. They gave me a interest rate of 12.55% for the loan amount of Rs. 70000. I am paying the EMI of Rs. 3330. I have chosen the duration of 2 years. It took 8 to 10 days to sanctioned the loan.
      Was this review helpful? 2
      , mumbai
      Reviewed on Oct 17, 2019
    • HDFC Bank Personal Loan
      "Good one"
      0.5 4.0/5 "Great!"
      The rate of interest was bit higher with HDFC BANK when I compared with other banks. There is a processing fee as well. The documentation process was superb and had a savings account, there was no documentation required from my end. I opted the loan for a year.
      Was this review helpful? 0
      , hosur
      Reviewed on Oct 17, 2019
    • HDFC Bank Personal Loan
      "Unhappy with interest rate"
      0.5 5.0/5 "Blown Away!"
      I took a personal loan from HDFC BANK through online channel. The interest rate is very higher and they have charged me around 19% excluding processing fee. I opted the loan of 2L for 2 years. The documentation process was simple. The loan was disbursed on time.
      Was this review helpful? 1
      , thiruvananthapuram
      Reviewed on Oct 17, 2019
    • HDFC Bank Personal Loan
      "Good"
      0.5 3.0/5 "Satisfactory"
      I was applied for a personal loan with HDFC BANK on a month before I have not receive any call from their end for further process so no experience with them. The loan amount offered for 2 lakhs for the tenure period of 3 years. The rate of interest around of 11% which was okay.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Oct 17, 2019
    • HDFC Bank Personal Loan
      "Need to decrease interest charges"
      0.5 2.0/5 "Expected more"
      I applied for a personal loan with HDFC BANK through an online. For further process verification I have received a call from bank end. The amount was low was okay for the tenure period of 4 years. Rate of interest was 16%. From bank closed the loan process and the reason was not intimated to us.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 17, 2019
    • HDFC Bank Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I have applied for a personal loan with 2 to 3banks on the same time but HDFC is the first bank who approved my loan faster so have availed the loan from them. The interest rate is better and they have charged me a processing fee too. Overall it was satisfactory.
      Was this review helpful? 0
      , thane
      Reviewed on Oct 17, 2019
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