Multiple banks. Different interest rates. Call it a "conflict of interest".
  • HDFC Bank Personal Loan

    HDFC Personal Loan
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    HDFC Bank, which was incorporated in 1994, is the fifth largest bank in India by assets. Over the years HDFC Bank has won the trust of its customers and has become a market leader in personal loans. Enjoy triple benefits when you take a personal loan from HDFC Bank - Faster loan, competitive pricing, transparency. On you can check your eligibility in seconds for a HDFC personal loan by filling in a short form and you can apply online. Read on to learn about the eligibility and documentation requirements for HDFC personal loan.

    You’re probably eligible for an HDFC Bank Personal Loan if you are

    HDFC Bank Personal Loan Minimum Age

    At least 21 years old

    HDFC Bank Personal Loan Maximum Age

    Less than 60 years old

    HDFC Bank Personal Loan Eligible Employment Type

    Salaried or self-employed
    with regular income

    HDFC Bank Personal Loan Minimum Income

    Earn more than the minimum
    income required

    Your HDFC Bank Personal Loan amount eligibility is based on these factors

    HDFC Bank Personal Loan Minimum Salary

    Minimum income required
    Rs.12,000 per month

    HDFC Bank Personal Loan Maximum Loan Funded

    Maximum allowed personal loan is Rs. 25 lakhs

    HDFC Bank Personal Loan EMI

    EMIs of other loans lower
    your eligibility

    Increase your eligible HDFC Bank Personal Loan amount by these steps

    HDFC Bank Personal Loan Payoff Outstanding Credit Card Bills

    Pay off your credit card bills

    HDFC Bank Personal Loan Tenure

    Choose longer tenure loan up to 5 years

    Documentation needed to apply for an HDFC Bank Personal Loan

    • 1. Signed application form with photograph
    • 2. Copy of passport/voter ID card/driving license
    • 3. Processing fee cheque
    • 4. Last 3 months bank statement/6 months bank passbook
    • 5. Documentation for salaried applicants:
      • Latest salary slip
      • current dated salary certificate with the latest Form 16
    • 6. Documentation for self-employed applicants:

      • Latest Bank statement
      • Latest ITR or Form 16

    HDFC Bank Personal Loan Interest RatesUpdated on 06 Oct 2015

    HDFC Bank Personal Loan Details
    Interest Rate (Monthly reducing balance) 13.00% to 19.00%
    Processing Fees 0.5% to 2.5% of Loan Amount
    Loan Tenure 1 year to 5 years
    Pre-closure Charges Preclosure permitted after 1 year. 4% of principal outstanding (plus ST) in 2nd year. 3% (plus ST) in 3rd year. 2% (plus ST) afterwards
    Guarantor Requirement No guarantor required

    About HDFC Bank 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. 15 lakhs. 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. Personal loans from HDFC Bank can be used for any immediate or short term financial needs like wedding expenses, home renovation, 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.HDFC Personal Loan comes with a number of added benefits including a Personal Accidental Cover of up to 8 lakhs along with a Critical Illness cover of 1 Lakhs.

    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 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 offers personal loans at very competitive interest rates. Personal loans with HDFC Bank start as low as 15.75% interest rate.

    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, Webchat, Click2Talk and Phone Banking.

    Free Insurance Cover: All personal loans approved by HDFC Bank come with an added benefit of personal accidental cover of up to 8 lakhs along with a critical illness cover of 1 Lakhs without any extra charges.

    Features 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 HDFC Personal Loan on

    HDFC Bank has collaborated exclusively with, India’s most popular and well known financial marketplace to offer loan applicants an online loan submission facility. Users seeking personal loans with HDFC Bank can now simply use the online loan application tool at to check their loan eligibility and submit their loan applications if eligible.

    Instant Loan Eligibility Check: The loan calculator tool at checks for personal loan eligibility for each applicant as per his or her financial details. This quick loan eligibility makes sure 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.

    Personalized Loan Quotations:’s loan calculator tool offers personalized loan offers for each applicant depending on his or her desired loan amount, tenure and personal financial track record.

    Low Interest Rates: Loan applicants using personal loan tool are offered the best rate of interest for their personal loan due to the active collaboration between HDFC bank and

    Instant Approval: Eligible candidates who apply for HDFC Personal Loan through are given an instant e-approval, making them assured 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 using can track the updates of their submission form using both email and SMS updates.

    24/7 Customer Support: has a dedicated 24/7 customer support and helpline which is always ready to help with any grievances or questions from loan applicants.

    How to apply for a HDFC Personal Loan on

    With, applying for a HDFC Bank personal loan is a simple 3 step process.

    Step 1: Fill up the loan eligibility form with correct personal and financial details. The tool checks for your personal loan eligibility instantly as per HDFC’s norms and offers customized loan options available 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

    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.

    HDFC Bank Personal Loan Interest Rate

    HDFC Personal Loan Interest Rates are very attractive and hard to overlook. If an applicant applied for, and was found eligible for, a personal loan from HDFC then he/she will pay an interest rate between 15.75% and 20% if they are salaried individuals. For those who default on payments the interest rate charged is 24% per annum on the outstanding amount from the date of default. If an individual chooses to cancel the loan the bank will retain the processing fee and will also charge an interest for the time between the issuing of the loan to the date it was cancelled on. No other charges will be levied in this case.

    Rack interest rate Salaried - 15.75% to 20%
    Loan processing charges Up to 2.50% of the loan amount subject to a minimum of Rs. 1,000/- & Maximum of Rs. 25000/- for Salaried Customers.
    Prepayment Salaried - No pre-payment permitted until repayment of 12 EMIs
    Pre-payment charges 13-24 Months - 4% of Principal Outstanding, 25-36 Months - 3% of Principal Outstanding,>36 Months - 2% of Principal Outstanding
    Loan cancellation charges NIL (However client would be charged interest for the interim period between date of loan disbursement and loan cancellation and processing fees would be retained.)
    CIBIL Report Copy Charges Rs.50 per copy

    HDFC Bank Personal Loan Eligibility

    HDFC Bank offers personal loans to all applicants fulfilling the basic eligibility criteria.

    • If the applicant is salaried, which is to say that he/she is an employee of a private limited company or works for a public sector undertaking or a state or local body then they are eligible. Even doctors and chartered accountants are eligible to apply.
    • The applicant must be between the ages of 21 and 60 years old.
    • He or she must have a minimum of 2 years of work experience.
    • When applying for a loan, the applicant must have worked with the current employer for a minimum period of 1 year.
    • The net monthly income of the applicant should be Rs 12,000 per month or more.
    • If the applicant is a resident of any of the following cities then he/she should have a minimum net monthly income of Rs 15,000 per month. Ahmedabad, Bangalore, Calcutta, Chennai, Cochin, Delhi, Mumbai.
    • CIBIL scores will also be taken into account while deciding the eligibility of the applicant.

    Eligibility Criteria for Salaried Individuals

    Age 21-60 years
    Minimum Monthly Income Be earning at least Rs. 12,000/- per month net income (Rs. 15,000/- in Mumbai, Delhi, Bangalore, Chennai, Calcutta, Ahmedabad, cochin)
    Loan Amount Rs, 25000 to Rs, 15,00,000
    Processing Fee Up to 2.50% of the loan amount subject to a minimum of Rs. 1,000/- & Maximum of Rs. 25000/- for Salaried Customers.
    Tenure 12 Months to 60 Months
    Interest Rate 15.75 to 20%

    Eligibility Criteria for Self Employed Individuals and Working Professionals:

    Age 25-65 Years
    Minimum Income Rs 60000 p.a. taxable income for Doctors and CAs. Rs 100,000 p.a. taxable income for Engineers, MBA Consultants, Architects, CS.
    Maximum Loan Amount Rs. 15,00,000
    Tenure 12 Months to 36 Months
    Interest Rate 14.5 to 15%

    How to calculate EMI for HDFC Bank Personal Loans offers users a unique and state-of-art tool to calculate EMI for their loans in one click. BankBazaar’s online Personal Loan EMI Calculator is instant as well as accurate. Users can thereby understand their expenses towards the planned loan and adjust the tenure or loan amount to avoid later surprises.’s online EMI calculator tool is very simple to use. All you need to do is to type the preferred loan amount, loan tenure and the applicable rate of interest. The EMI calculator then calculates and displays your EMI liability for the loan.

    HDFC Personal Loan FAQs

    1. How do I know if I am eligible for HDFC Personal Loan?

    2. If you wish to apply for HDFC Bank personal loan, you can apply it with ease at You may fill the online quick application form with your personal and financial details. Our loan calculator tool automatically checks your Personal Loan Eligibility and sends you instant quote.

    3. What are the advantages of applying HDFC Bank personal loan with

    4. There are many advantages of applying for a HDFC Personal Loan online through You can avail the best possible rate of interest for all online loan application submitted to HDFC Bank through Another advantage is instant e-approval of loan with real time tracking facility for the loan application.

    5. What is the minimum and maximum amount of Personal Loan that I can get with HDFC Bank?

    6. HDFC Bank offers personal loan after considering the monthly income and other liabilities of the applicant. Personal loans are available from a minimum limit of Rs. 50,000 to a maximum of Rs. 15 Lakhs depending on the repayment history and personal financial credentials of the individual borrower.

    7. What is the tenure for which I can avail a Personal loan with HDFC Bank?

    8. HDFC Bank offers a tenure period of 12 to 60 months for salaried individuals and 12 to 36 months for self employed individuals and working professionals. The bank can however expand the tenure up to 60 months for self employed people in some cases.

    9. Does Charge for its Loan Calculator Tool Facility?

    10. loan calculator tool is absolutely free to use and there are no hidden charges for all the services you avail through us.

    11. Is providing any assistance for tracking my loan application?

    12. offers loan applicants with an active tracking tool through both email and SMS allowing users to track daily updates of their loan application. Updates are also provided by SMS to each loan applicant.

    13. How to use EMI Calculator Facility?

    14. offers a unique EMI calculator tool allowing users to get a unique insight into their loan EMI. Users can use the tool to know the EMI breakup for all loans in one click, after entering the loan amount, tenure and rate of interest.

    15. I am skeptical of sharing my personal data online. Is it safe?

    16. is a premier financial portal and does not share any data with any third party other than the financial institution concerned. All data is sent in electronic form with high level of encryption making it safe and secure at all times.

    News About HDFC Bank Personal Loan

    • Get loans against shares under the ‘Design Your Own Loan’ plan from HDFC Bank

      HDFC Bank rolled out its new digital banking initiative called ‘Design Your Own Loan’. A kind of secured personal loan, customers can avail loans against shares that they pledge as security. This loan can be availed online, via netbanking, by customers at HDFC Bank who hold a demat account with the bank. Loan amounts vary from Rs.1 lakh to Rs.20 lakhs. Once the required details are submitted online, a bank representative will go to the customer to obtain signatures on pre-filled documents. Processing time for loans against shares under this plan is as short as one day. It otherwise takes up to 8 days to get a loan against shares. This scheme forms a part of HDFC Bank’s wider digital banking efforts Go Digital.

      23rd September 2015

    • Positive growth, profits and low NPAs help HDFC Bank bag Best Asian Bank award

      HDFC Bank was named the ‘Best Asian Bank’ at the 2015 Finance Asia program. A leading private banking institution in India, HDFC Bank outranked its competitors with its impressive growth and profit figures in addition to low NPAs.

      Aditya Puri, the man at the helm of HDFC Bank, has been attributed with the distinction of driving the bank to success.

      HDFC Bank offers a host of retail products and services that are well-received by a wide customer-base. The bank boasts an asset book of $85.6 billion and a loan book of $53 billion. Its main competitor is private bank leader ICICI Bank.

      10th September 2015

    • HDFC Bank releases ‘Dhanchayat’ to raise awareness among loan seekers

      HDFC Bank created and rolled out an educational film termed ‘Dhanchayat’ to raise financial awareness among people who transact outside the purview of the organised banking sector. The film aims at educating the masses on the benefits of dealing with formal banks.

      Those with limited means or limited access to banking facilities or poor awareness of banking services, tend to deal with local money lenders who fleece borrowers. This is especially true for those seeking personal finance. These borrowers are charged exorbitant interest rates on personal loans. HDFC’s campaign is aimed at dispelling doubts by highlighting the importance of the transparent methods adopted by banks such as HDFC Bank in transacting with customers.

      HDFC Bank’s campaign will be rolled out across the north, south east and west of India. 6 states have now been covered with more in the fray.

      4th September 2015

    • HDFC bags place in Forbes Asia's top 50

      HDFC has been successful in securing a place in the prestigious top 50 list of Forbes Asia. The bank could not make it even once till 2006, after which the bank has consistently and consecutively featured for 9 long years. HDFC which is the second largest private bank in India has a market capitalization of 43 billion dollars and a market share of 32.7 million customers. Forbes ran a cover story on HDFC’s 21 year long journey and the building of the bank from scratch.

      Other Indian companies to feature on the list were Tata Consultancy Services, Tata Motors, Lupin, Titan etc. China had the most number of companies in the list as compared to any other country.

      4th August 2015

    • HDFC Bank actively respond to the customer queries on social media

      The second largest private bank HDFC Bank is most active on social media to respond to the customer queries. Simplify 360 released a report that analysed 9 banks. The report collected data and counted the mentions all the 9 banks had on Twitter and Facebook.

      The report said that HDFC Bank replied to 45 per cent of the queries. HDFC Bank is most active on Twitter but they weren’t able to get much attention.

      The report considered the social media interaction of all the 9 banks from June 13 to June 28. The 9 banks include SBI, HDFC Bank, Yes Bank, ICICI Bank, Kotak Mahindra Bank, Axis Bank, Citibank, IDBI Bank and Standard Chartered Bank.

      15th July 2015

    • A new digital high by HDFC – Watch Banking!

      Taking the digital banking to a new high, HDFC bank has launched watch banking for Apple watch users. Watch banking does not require a new app to be downloaded but can be availed by upgrading the existing HDFC mobile banking app. Rival bank ICICI had launched watch banking earlier this year when it announced iWear, an innovative banking app for smart watches.

      HDFC is looking to cash in the growing popularity of wearable devices and the potential demand for wearable gadgets in India. With watch banking HDFC will provide an initial 10 banking transactions in the current launch. Some of these include bill payments, recharges, viewing account information and requesting statements and chequebook etc.

      6th July 2015

    • New Mobile App for Corporate Clients by HDFC Bank

      HDFC Bank, one of the leading private banks in India launched its mobile application on last Thursday. This newly launched mobile application will help its wholesale customers to complete transactions online. The app can be used by these customers to carry out processes like letter of credit, remittances and bills processing etc. The bank strives to move its wholesale customers to mobile banking. The major motive behind the launch of this app is to help its corporate customers with enhanced and superior comfort and increase the speed of transactions.

      The bank has received a good response so far and it further expects to get customers from all segments ranging from big corporates to small and medium enterprises (SMEs). HDFC Bank claims to be the first bank in India to move trade finance operations to the mobile.

      24th June 2015

    • HDFC Bank to launch social media channel

      HDFC Bank is set to connect with the masses through social media. Three months from now, a new, viable channel, social media banking will enhance the bank’s online channel.

      Social media banking will work through the bank’s mobile app called Chillr. Currently, customers can transfer funds via the phone’s contact list. This will be enhanced to allow payments to be made to merchants as well.

      To strengthen its online internet and mobile channels, HDFC Bank has launched different initiatives such as video banking, an iWatch app, Chillr, mobile apps in different languages and 10 second loans online. The bank has received a strong response to their initiatives and has seen a shift from traditional branch banking to online channels. Mobile banking has recorded a Rs.2,500 crore increase in value from Rs.3,500 crore in Sept. 2014 to Rs.6,000 crore in Mar. 2015.

      21st May 2015

    • HDFC Bank to set world record
      with personal loans in 10 seconds

      Come May 2015, HDFC Bank will beat global records with the introduction of personal loans that can be availed within 10 seconds. This will be offered to the bank’s current customers through net banking. This service will be available throughout the day which means the customers can access funds through these loans at any time of the day or night.

      The scheme is still in the testing phase, due to be completed for launch in three weeks. With a 10 second turnaround time, this tops Poland’s MBank which disburses loans in 30 seconds. This has been effected with the help of improved technology. Credit bureaus and analytics have also played a major role.

      Once implemented, this scheme is set to redefine retail banking in India and strengthen HDFC Bank’s position as a leading player in the banking industry.

      4th May 2015

    • HDFC Bank plans to launch mobile banking app for Apple watch

      HDFC Bank, the second largest private sector bank of India, is planning to launch i-watch or watch banking designed for Apple watches. It will be the first of its kind. The app is set to launch by the end of April. HDFC will be the fourth bank in the world to have such an app.

      HDFC Bank provides financial products and services to 28.9 million customers. It offers services of savings account, current account, auto loans and agricultural loans and demat account. The bank was incorporated in August 1994.

      23rd April 2015

    • New Mobile Solution for Merchants by HDFC Bank.

      India’s largest private sector bank, HDFC Bank is going to launch a mobile solution for merchants to help customers who like to buy goods and services over the phone. HDFC Bank develops this solution to hit the growing e-commerce market. This new service will be launched nationwide. As per this service, a merchant will get a console when he signs up for the service with HDFC Bank, which can be operated from his desktop and mobile. It enables merchants to send a bill or attach a picture to a customer from his mobile phone or desktop. The customer will receive a link through SMS or email which will lead to a payment page where the customer can safely enter his card details and make the payment.

      This new service offered by HDFC Bank will greatly benefit small merchants. The service comes with a plethora of benefits like receiving a merchant’s bill on mobile phones or desktops for which no app is required. Customers can pay instantly through their mobiles. This improves convenience for merchants and customers. The service will highly benefit restaurants, service providers, florists, grocers, small shops, e-tailers, chemists and professionals.

      13th March 2015

    • HDFC Bank Looks Towards Raising Fresh Capital

      HDFC Bank Ltd is planning to raise about ?4,500 crores through infrastructure bonds by the end of next month. Fresh out of a share sale earlier this month, HDFC Bank is all set to cash in on the expanding economy as well as falling rates – a trend that will continue for the next two fiscals.

      As retail demands gain traction, the applications for retail personal loans is also increasing. The banking sector is seeing a decline in stress as falling interest rates, lower inflation, and higher economic activity have helped raise capital.

      Following in the footsteps of Axis Bank Ltd, Kotak Mahindra Bank Ltd, Andhra Bank, and ICICI bank Ltd, HDFC Bank is all set to increase its presence in the infrastructure lending sector – currently amounting to 15% of its overall business. By doing this, the bank will feel no pressure from the RBI to give up to 40% of overall loans to small businesses, agriculture, and financially weaker sections of the country, as is the norm in all other sectors of lending.

      23rd February 2015

    • HDFC Bank’s Personal Loans Segments Prompt Credit Growth

      Even as HDFC Bank’s net profit showed a 20% increase for the third-quarter of its fiscal year, loan growth remains a point of focus for improvement. The country’s second-largest lender saw loans grow 17% in Q3, which was not comparable to growth in prior quarters but considering the backdrop of a poor economic environment in preceding years, loan growth across banks has been muted. This prompted many banks to push for growth in the unsecured loan segment.

      HDFC Bank’s retail loan book saw a rise in personal loans, as did most banks vying for business amidst poor uptake from corporate segments. Credit cards also presented opportunities for more business which the bank capitalised on. However, unlike many other banks, HDFC Bank maintained quality loan accounts and its bad loans remained at an admirable 1%.

      Although banks did witness rise in demand for credit from the corporate segment, it was mainly from the SME borrower-class which is considered riskier than large corporate borrowers.

      Until large corporates and secured retail loans show greater increase in demand, banks such as HDFC Bank will have to continue to strive for profits through quality retail loans and controlling operating costs.

      17th February 2015

    • HDFC Bank Posts 20.2% Growth In Q3 Net Profits

      HDFC Bank, India’s second largest lender after State Bank of India (SBI), posted a growth of 20.2% in net profits for the third quarter of the fiscal year. This increase is attributed mainly to an increase in loans, which saw a 17% increase for the quarter. Loan growth was prompted by demand for corporate credit, which saw an uptick in response to economic growth expectations. Retail credit also saw growth and both segments are expected to continue on an upward trend with more positive economic policy impetus from the government.

      The economic slowdown experienced during the Congress-rule was reflected in banks’ loan books. Lending to corporates had reduced with companies holding off on expansion activity. Banks, vying for business took on sketchy customers which resulted in an increase in NPAs. However, unlike many public-sector banks which faced this issue, HDFC Bank maintained its asset quality keeping bad loans at bay.

      Positive Q4 results are expected given a positive economic outlook and the strong capital stance of HDFC Bank to meet expected credit growth.

      16th February 2015

    • Comparison parameters for personal loans!

      Currently there is a plethora of loan products that are being launched on a regular basis by the competing financial institutions in order to woo the prospective borrower. The range of personal loan products that available in the market is wide and often confusing. Choosing the right personal loan product that suits your requirements best can be quite a daunting task. Here are a few parameters that can be used to evaluate the suitability of a personal by comparison among similar products available in the markedly currently. Read more

      3rd May 2014

    • How EMI break ups are done in personal loans?

      While it is not very difficult now to take a personal loan, it is not so simple to pay back the loan. This is because personal loans are unsecured loans, and come with high interest rates. As a result, the Equated Monthly Instalment factor (or the EMI) can be a drain on your salary, depending on the amount and tenure for which you borrow. Read more

      11th March 2014

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    HDFC Bank Personal Loan Reviews

  • Page 1 of 50 1 2 3 4 5
    • Personal Loan
      0.5 2.0/5 "Expected more"
      I got a delayed response from HDFC Bank for my personal loan. They contacted me only after 15 days. The reason I could not take the loan from them is because I have a two wheeler loan with another bank and because the other bank has not updated my statement the right way.
      Was this review helpful? 1
      , visakhapatnam
      Reviewed on Oct 05, 2015
    • Personal Loan
      "Consider the customer requirement "
      0.5 5.0/5 "Blown Away!"
      I took the personal loan from hdfc bank.They took one month for the disbursement. Processing fee charged was nearly 10,000. They should try to disburse the loan at the earliest. I would suggest that they should not consider the customers for the cheque bounces and not reduced the cybil score for applying the loans.
      Was this review helpful? 1
      , kolkata
      Reviewed on Oct 05, 2015
    • Personal Loan
      "Need to reduce interest."
      0.5 4.0/5 "Great!"
      Initial process was done by them was good. After that none came for the document collection. But they called me after a long time but I declined that, because on that time my need was over. I am unhappy with interest rate offered by HDFC Bank was too higher.
      Was this review helpful? 1
      , mumbai
      Reviewed on Oct 05, 2015
    • Personal Loan
      "Good services"
      0.5 5.0/5 "Blown Away!"
      As per banking norms I could not get my personal loan from HDFC Bank. The services are good. They called me and gave me the details for the loan. The response was excellent from them. The rate of interest was average. The processing charages was average too.
      Was this review helpful? 1
      , guntur
      Reviewed on Oct 05, 2015
    • Personal Loan
      0.5 5.0/5 "Blown Away!"
      Processing time is very quick with HDFC bank, and I got the loan amount disbursed within 5 days. Only required documents were collected for the loan application. When compared to nationalized banks, the interest rate is high with them for my personal loan application.
      Was this review helpful? 1
      , dibrugarh
      Reviewed on Oct 05, 2015
    • Personal Loan
      0.5 4.0/5 "Great!"
      I have taken the personal loan form HDFC Bank. Process was very quick, within 3 to 4days they disbursed the loan amount. Interest rate was good its 13%. Never reach the customer service. Processing charges charged by them was 5000rs and its lesser.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Oct 05, 2015
    • Personal Loan
      "Very fast approval..."
      0.5 5.0/5 "Blown Away!"
      I recommend HDFC bank for the personal loan. Interesting factor is that they are giving personal loan within 10 seconds as I have submitted my application on online. There was no documentation process because I have an account in HDFC bank. Interest rate and charges are same throughout the banks.
      Was this review helpful? 0
      , tuticorin
      Reviewed on Oct 05, 2015
    • Personal Loan
      "Quick service "
      0.5 4.0/5 "Great!"
      I am happy with the service provided by HDFC Bank based on the personal loan.The service provided was really quick and they have respond customer in a proper manner.The documentation process was really nice and the interest rate offered was around 16% for the loan.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 05, 2015
    • Personal Loan
      "Very Good"
      0.5 5.0/5 "Blown Away!"
      I have taken the personal loan with the HDFC bank. The rate of interest is around 13% and the loan got disbursed within 30 seconds of time. When I logged in to the net banking I got navigated through the pop up to them. There is some of the processing charges which is nominal.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 05, 2015
    • Personal Loan
      "HDFC is fine for personal loan..."
      0.5 5.0/5 "Blown Away!"
      Through online I have applied for personal loan and HDFC bank has responded very fast. Within 25 days I have received the amount via cheque. Rate of interest is 13.5% and that is reducing balance basis. Pre closure is 1% on outstanding amount and processing charge was also 1%.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 05, 2015
    • Personal Loan
      "Very good"
      0.5 3.0/5 "Satisfactory"
      HDFC Bank personal loan process was very good. I am holding this personal loan for a period of one or two months. I have not got the necessary documents for this loan. I am yet to get the paper works for this loan . No insurance being taken based on this loan. Awaiting for the documents.
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 05, 2015
    • Personal Loan
      "Very good experience..."
      0.5 4.0/5 "Great!"
      HDFC bank is equally good like other banks in the market and no issues till date. HDFC is very largest scale. In my case they took some extra time to process the personal loan in the year of 2012 as they took atleast 7 days. Response on my enquiry was fast.
      Was this review helpful? 0
      , indore
      Reviewed on Oct 05, 2015
    • Personal Loan
      "Satisfactory services.."
      0.5 4.0/5 "Great!"
      It was convenient to go through the HDFC bank for the personal loan and they were very helpful. Services were prompt and there is no penalty charge for the late payment. Satisfactory services with HDFC bank. I donâ??t have an account in HDFC bank so felt like availing loan from the home bank where I have an account as just availed there post an application with HDFC bank.
      Was this review helpful? 0
      , indore
      Reviewed on Oct 05, 2015
    • Personal Loan
      "Normal charges for the loan..."
      0.5 4.0/5 "Great!"
      Reason for not processing the personal loan for me is that no HDFC branch in my location of Sivagangai. Satisfied with the approach of the HDFC bank as they were fine on that. Rate of interest is competitive. Processing charge for the loan is normal.
      Was this review helpful? 0
      , madurai
      Reviewed on Oct 05, 2015
    • Personal Loan
      "Satisfied however.."
      0.5 5.0/5 "Blown Away!"
      It was very good and HDFC bank people were very cooperative during the loan process. Offered interest rate on personal loan was 15 to 16%. HDFC bank did not process my loan and I was not told about the exact reason for the same. However I have good opinion about the bank and satisfied.
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 05, 2015
    • Personal Loan
      "My experience with HDFC personal loan"
      0.5 4.0/5 "Great!"
      HDFC Bank personal loan process is good. There are a few clutches when it comes to payment. Where when ever I make the payment the payment is not getting reflected in the system and its taking some time for the payment to get reflected. Especially when it comes to cheque payment and also when there is some holiday in between.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 05, 2015
    • Personal Loan
      "Executive was knowledgeable..."
      0.5 3.0/5 "Satisfactory"
      I just submitted my documents and one of the agents from HDFC bank came to collect documents where that individual was quite knowledgeable and gave exact details. My personal loan was not succeeded and the bank did not disclose the reason. Rate of interest they gave me as 17%.
      Was this review helpful? 0
      , udaipur
      Reviewed on Oct 05, 2015
    • Personal Loan
      "Less charges "
      0.5 5.0/5 "Blown Away!"
      I donâ??t have any issue with the service provided by HDFC Bank based on the personal loan application.They have applied interest rate around 18% for the loan.They have processed the loan within 5days of time and the interest rate offered was a floating rate.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 05, 2015
    • Personal Loan
      "Have to be value the time of customer..."
      0.5 4.5/5 "Excellent!"
      HDFC bank lacks in some cases and sometimes they were not responsive as I was running behind them for paper works. I got better rate in one of the banks and processed the personal loan with them. HDFC bank is doing just fine and that day some kind of confusion happened otherwise they are good and I like their services.
      Was this review helpful? 0
      , thiruvananthapuram
      Reviewed on Oct 05, 2015
    • Personal Loan
      "Fine with HDFC bank.."
      0.5 3.0/5 "Satisfactory"
      Response was not so good from HDFC bank. Actually the rate of interest is more than my expectation. Everyone cannot fulfill others needs to no problem. That time I have availed the personal loan from my company without any interest rate and plan of personal loan got dropped.
      Was this review helpful? 0
      , nagpur
      Reviewed on Oct 05, 2015
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