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  • HDFC Personal loan

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  • HDFC personal loan is offered at interest rate starting at 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
    PA PL OTP
    10.75% - 21.50% 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% - 21.50% p.a.
    • 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

    Rack Interest Rate 10.75% to 21.50% p.a.
    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

    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).

    How to check HDFC personal loan status?

    You can check the status of your HDFC personal loan application by visiting the website of HDFC bank. All you need to provide is the reference or proposal number along with the date of birth or mobile number.

    How to contact HDFC personal loan customer care?

    HDFC bank personal loan customer care executives can be contacted by at the listed below numbers depending on the city of your residence: 

    • Pune: 020 - 6160 6161  
    • Mumbai: 022 - 61606161 
    • Kolkata: 0522 - 6160616 
    • Jaipur:033 - 61606161 
    • Indore: 0141 - 6160616 
    • Hyderabad: 040 - 61606161 
    • Delhi and NCR: 011 - 61606161 
    • Cochin: 0484 - 6160616 
    • Chennai: 044 - 61606161 
    • Chandigarh: 0172 - 61606161 
    • Bangalore: 080 - 61606161 
    • Ahmedabad: 079 – 61606161

    You can call on these numbers between 8 a.m. and 8 p.m. on all days including Sundays and bank holidays. 

        

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    HDFC Bank Personal Loan Reviews

    • HDFC Bank Personal Loan
      "Need to decrease the rate of interest"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from HDFC. I selected the tenure of 3 years, and i am paying Rs.7566. The rate of intetrest was very high 22% need to decrease. Documentation was simple i uploaded and also executive collected . Customer sevice was good and i went to bank directly within 1 day i received loan and documentation charges Rs. 8900 deducted.
      Was this review helpful? 1
      , hosur
      Reviewed on Jan 20, 2020
    • HDFC Bank
      HDFC Bank Personal Loan
      "Easy loan approval"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from HDFC through online. The rate of interest was very low 10.99% and i have taken loan for Rs. 3.65L with the tenure of 60 months. I am paying EMI 8,200rupees and the customer service was okay. Documentation process was good and also it took 20 days to receive this card, which was very lengthy process. They deducted Rs. 10K for processing fee and i am not sure about the fore closure charges.
      Was this review helpful? 0
      , kanpur
      Reviewed on Jan 20, 2020
    • HDFC Bank Personal Loan
      "Good Loan Service"
      0.5 5.0/5 "Blown Away!"
      Its because of the lower rate of interest rate, i have chosen the personal loan from HDFC. Took the loan amount of Rs. 2.85 lakhs and the processing fee was Rs. 3000. I have paying the EMI amount of Rs. 7754 and duration is 48 months. Within 4 days, they have sanctioned the loan. They have sent welcome kit to my residential address regarding my personal loan.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 20, 2020
    • HDFC Bank Personal Loan
      "Need to decrease interest charge"
      0.5 5.0/5 "Blown Away!"
      I have applied a personal loan with HDFC bank through online process. The process was smooth but they have sanctioned the loan after one month. The amount was okay with tenure period of 3 years. Interest rate of 22% is high and locking period of one year. I use to pay EMI of 7600 rupees and get remainder message on time.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 20, 2020
    • HDFC Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      HDFC bank service is excellent. They will give all documentation to the customer whenever needed even i get PDF. Each and every transaction I get an update from their end. If I have query no need to call them , rather I could check in PDF itself. They sanctioned the loan amount of 3L with tenure period of 2 years. Interest is nominal. Preclosure was avail. Once I had closed the loan on spot I got NOC letter. I am happy with their service.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 20, 2020
    • HDFC Bank Personal Loan
      "Without customer concern they changed the tenure"
      0.5 4.0/5 "Great!"
      I applied a personal loan with HDFC through online. The loan got disbursed within 10 to 15 working days. The interest rate was high at 16% for Rs.2.50L loan amount and i have selected for 3 years but they given as 5 years tenure without my concern . Fore closure options is available but i am not sure and the EMI 5500. Customer service was okay.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 20, 2020
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I applied a personal loan with HDFC BANK through online for traveling purpose. The loan got disbursed within 3 to 4 working days. The interest rate was normal at 12%for 60K loan amount. Fore closure options is available only after 12 EMI with no cost.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 19, 2020
    • HDFC Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I had an offer only with HDFC Bank for personal loan, so I had applied through online and the loan got disbursed with in a week. I have taken a loan amount of Rs. 1L with tenure period of 3 years. I am paying the monthly EMI of Rs.3500 and I am not aware of exact interest rate.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 19, 2020
    • HDFC Bank Personal Loan
      "Good "
      0.5 4.0/5 "Great!"
      I have applied a personal loan with HDFC BANK through online. I got a call on delay after 2 days. The loan amount was sanctioned of 3L with tenure period of 4 years. Interest of 16.5%. There is no option of pre closure. EMI use to pay of 8600 rupees. Since I am holding an account with them so applied for the loan.
      Was this review helpful? 0
      , thanjavur
      Reviewed on Jan 19, 2020
    • HDFC Bank Personal Loan
      "Need to reduce tenure period "
      0.5 4.0/5 "Great!"
      HDFC bank has offered high rate of interest. Once I had applied through online. I got a call from bank end after 10 days which was delay. The amount was sanctioned with sufficient amount with tenure period of 4 years. But I had requested for 2 years. They have not accepted for that. Interest rate is high. There is option of pre closure locking period of one year. EMI use to pay of 5600 rupees.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 19, 2020
    • HDFC Bank Personal Loan
      "Need to be process at earlier"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from HDFC bank through online. There was a little delay to get a call from their end for verification process so took around 3-6 days. I need to be follow up after all process done they have sanctioned the loan by 25-30 days. It was very lengthy process. The amount of 1.8L sanctioned and received the amount of 1.67L with tenure period of 3 years. Interest is 18% and fee of 12%. There is no pre closure option for this loan. EMI use to pay of 6200 rupees.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 19, 2020
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have applied HDFC BANK personal loan through online. The bank executive are not giving the proper response for the application as it is applied via online. I have taken a loan amount of 2 L and the interest rate was normal. I have submitted required documents as hard copies to the banker.
      Was this review helpful? 0
      , anantapur
      Reviewed on Jan 19, 2020
    • HDFC Bank Personal Loan
      "Need to decrease the rate of interest"
      0.5 4.0/5 "Great!"
      I applied for HDFC personal loan through online and uploaded the documents, on the same day loan amount credit into my account. There is no verification process. I have taken a loan amount of 4 lakhs with the interest rate 17% which is normal EMI 9K with the tenure of 4 years.
      Was this review helpful? 0
      , surat
      Reviewed on Jan 18, 2020
    • HDFC Bank Personal Loan
      "Interest rate was high over all experience was good"
      0.5 4.0/5 "Great!"
      I have applied a personal loan from HDFC bank through their website, the process was easy and loan got disbursed with in 2 days. I have taken a loan amount of 1L with the good rate of interest. This loan which i was taken 4-5 years back, now i completed at that time interest was high but okay for me.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 18, 2020
    • HDFC Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from HDFC bank and the loan amount was 2L and I am okay with rate of interest. EMI paying on every month Rs. 6,421 for the tenure of 3 years. Documentation process was simple executive collected and also I received within a week.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 18, 2020
    • HDFC Bank Personal Loan
      "Need to decrease the rate of interest"
      0.5 5.0/5 "Blown Away!"
      I have applied a personal loan from HDFC bank through online. The loan amount of Rs. 2.05L and the interest rate was high of 11.9% with 4 years tenure period. I am paying EMI of 6,000 and I receive within 15 to 20 days. The customer service and responsiveness are okay.
      Was this review helpful? 0
      , vellore
      Reviewed on Jan 18, 2020
    • HDFC Bank Personal Loan
      "Need to improve in customer service"
      0.5 4.0/5 "Great!"
      I have applied a personal loan from HDFC through online and the loan amount was Rs. 8.50L and interest was 10.75% that is good and also the tenure of 5 years, pre closure not sure i think after 6 months with charges of 3-4%. The documentation process was very delay and it took approximate one month. I have uploaded through online. The customer service is not satisfactory need to improve it.
      Was this review helpful? 0
      , nagpur
      Reviewed on Jan 18, 2020
    • HDFC Bank Personal Loan
      "Good co-operative staff"
      0.5 5.0/5 "Blown Away!"
      I am using HDFC credit card and their staff response is good, its because of the good process i took my personal loan from HDFC 4 months back. Received the loan amount of Rs. 5.40 lakhs and the provided interest rate is 12.5%. I have been paying the EMI amount of Rs. 12149 every month. I have to pay this amount for 5 years.
      Was this review helpful? 0
      , namakkal
      Reviewed on Jan 18, 2020
    • HDFC Bank Personal Loan
      "Need to provdie more loan amount "
      0.5 4.0/5 "Great!"
      I have applied a personal loan with HDFC bank through online few months before. I have requested for 1.5L but have sanctioned for top up with my existing loan of 1.08L with tenure period of 4 years which is high for my needs because I requested for 3 years only. Rate of interest was okay when compared to other bank. EMI use to pay of 4K.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 18, 2020
    • HDFC Bank Personal Loan
      "Need to imrpove their service"
      0.5 4.0/5 "Great!"
      I got a call on time from HDFC bank. The process was done on smooth so they have sanctioned the loan within 3 days. As of now the amount is sufficient with tenure period of 5 years. Interest rate of 11% and fee of around of 10K with insurance which is high. EMI use to pay of 10,900 rupees. They have provided option for pre closure with charge of 4% which I have neglected it.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jan 18, 2020
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