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    HDFC Personal loan

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

    • Maximum loan amount of Rs.40 lakh
    • Pre-approved loan approval in 10 seconds
    • Processing fee up to 2.5%
    • Minimal documentation
    More
    We found 1 HDFC Bank Personal Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    11.25% - 21.50% Fixed
    Up to 2.5% One time fee
    40L Max
    1-5 years
    100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    HDFC Personal loan is Rated as "Great!" by 17914 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    Features of HDFC Personal Loan

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

    HDFC Bank Personal Loan Details

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

    Fees and Charges

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

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

    HDFC Personal Loan Interest Rate

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

    Personal Loan Eligibility Criteria

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

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

    Documents Required

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

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

    How the EMI calculation works for HDFC personal loans? 

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

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

    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  11.25% p.a. onwards  14% p.a. onwards  13.20% p.a. onwards  10.99% p.a. onwards 
    Processing fee  2.5% + GST  2% + GST  2% + GST  0.25% to 3.00% + GST 
    Foreclosure charges  2% to 4% of the outstanding loan amount  3% of the outstanding loan amount  N/A  Up to 4% of the principal outstanding 
    Late payment fee  2% of the overdue amount per month  2% of the overdue amount per month  Contact the bank for details  Contact the bank for details 

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

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

    Other loan products from HDFC

    HDFC Personal Loan FAQ

    How can I repay my loan?

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

    When can I take an HDFC top up loan?

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

    Can business owners take personal loans from HDFC Bank?

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

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

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

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

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

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

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

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

        

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    HDFC Bank Personal Loan Reviews

    • HDFC Bank Personal Loan
      "Medium"
      0.5 3.0/5 "Satisfactory"
      I was applied for a personal loan in HDFC bank one month before which was processed through an online. The loan which was offered for sufficient amount for the duration of 4 years. I have receive call for verification. The rate of interest was nominal. Since I have received a loan from other source I have closed a loan.
      Was this review helpful? 2
      , bangalore
      Reviewed on Jul 13, 2019
    • HDFC Bank
      HDFC Bank Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan in HDFC bank on 4 years before which was processed directly to bank. The amount was sufficient for the tenure of 2 years. On time loan got sanctioned. I use to get remainder message on time from bank for the payments.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 13, 2019
    • HDFC Bank Personal Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I have been using the loan from last 3 months. It is a pre approved loan also there was no processing fee applicable with the personal loan, the loan amount was not sufficient, the rate of interest was 11-12%, the duration for repaying wasn3 years.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jul 13, 2019
    • HDFC Bank Personal Loan
      "Need to improve the services"
      0.5 1.0/5 "Really Bad"
      Since i had a offer with HDFC, i have chosen them. I have applied the loan amount of Rs. 2 lakhs and based on my profile, they have processed for the loan amount of Rs. 3.5 lakhs and I'm not sure about the interest rate. Earlier i rejected the loan amount and i have re-opened the loan once again. I have submitted the documents through online.
      Was this review helpful? 1
      , chennai
      Reviewed on Jul 13, 2019
    • HDFC Bank Personal Loan
      "Best Service"
      0.5 4.0/5 "Great!"
      I have applied for HDFC Bank personal loan through Online .I have not taken this loan since there was no requirement at that time.There was no issues with rate of interest and the processing fee ,I have gfot all the required information about the loan process through the agent.
      Was this review helpful? 0
      , erode
      Reviewed on Jul 13, 2019
    • HDFC Bank Personal Loan
      "NEED TO IMPROVE THE SERVICE"
      0.5 1.0/5 "Really Bad"
      The process was quick so i have applied, the documentation process was through online. The loan got rejected but i am not aware of the reason and no customer support contacted. The expected loan amount was 1.50L and the rate of interest was not informed.
      Was this review helpful? 0
      , faridabad
      Reviewed on Jul 13, 2019
    • HDFC Bank Personal Loan
      "Awesome"
      0.5 5.0/5 "Blown Away!"
      I have selected HDFC bank personal loan amount is 1.58 Lakh. The Tenure is for 3 year, EMI Rs 5400, Rate of interested 11 percentage Based on my saving account i received loan .Customer service is good and responsive .pre closure is applicable, one time processing fee is applicable
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 13, 2019
    • HDFC Bank Personal Loan
      "Its Good"
      0.5 4.0/5 "Great!"
      I was asking for Rs. 6 lakhs of loan from HDFC but they ready to sanction only Rs. 4 lakhs because I was already availed Rs. 2 lakhs from same bank as an insta loan. Hence I took loan from other bank. The service is good , only concern it would be great if they sanction the requested principal amount for the customer who have good credit score.
      Was this review helpful? 1
      , ghaziabad
      Reviewed on Jul 13, 2019
    • HDFC Bank Personal Loan
      "Interest rate should be reduced"
      0.5 4.0/5 "Great!"
      Reason to close the HDFC personal loan has higher interest around 17% even I had loan with ICICI with 14.99% for 2 lakhs of loan. But HDFC executive told me around 17% hence I was not interested to continue with them. Therefore I dropped the plan to take loan with them.
      Was this review helpful? 0
      , chennai
      Reviewed on Jul 13, 2019
    • HDFC Bank Personal Loan
      "Need to be improvement in service"
      0.5 1.0/5 "Really Bad"
      I have selected HDFC personal loan, I have not submitted main documents, customer service is not response informed that normal documents submitted aadhar card. Due to no response from customer, some of the documents submitted through online.
      Was this review helpful? 1
      , visakhapatnam
      Reviewed on Jul 13, 2019
    • HDFC Bank Personal Loan
      "NOT SATISFIED"
      0.5 2.0/5 "Expected more"
      I have taken the personal loan and using from last 1.5 months, the loan amount was 1.4L, the rate of interest was no idea. I have done a pre closure for taking the home loan, the charges are higher for the pre closure.
      Was this review helpful? 1
      , pune
      Reviewed on Jul 13, 2019
    • HDFC Bank Personal Loan
      "Good Experience"
      0.5 5.0/5 "Blown Away!"
      I had 3 lakhs of loan with HDFC bank, first time I got pre approved offer but always the rate of interest is higher side. Later on I understood I went for the approved one, the documents was hassle free, since I am a KYC customer. The field executives walk in to my place, overall its a good experience.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 13, 2019
    • HDFC Bank Personal Loan
      "Good Loan"
      0.5 5.0/5 "Blown Away!"
      Since i have a salary account with HDFC i have chosen the same back for my personal loan as well. I took the loan 1.5 years before but i closed it 1 year tenure period. I haven't submit any documents. They have provided me a NOC letter on time. Overall, the service is fine.
      Was this review helpful? 1
      , chennai
      Reviewed on Jul 13, 2019
    • HDFC Bank Personal Loan
      "Good Experience"
      0.5 4.0/5 "Great!"
      From HDFC bank I took Rs. 2 lakhs for the duration of three years, now my personal loan got closed I paid all the dues and I got the NOC letter. When I taken the loan they quoted reasonable interest hence I would recommend this product to others.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 13, 2019
    • HDFC Bank Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have applied for HDFC Bank personal loan through online ,I have not taken this someone has taken gold loan on my name and had a difficulty at that time .There was no issues with rate of interest and the processing fee as well .The agent gave all the required details about the loan process.
      Was this review helpful? 0
      , faridabad
      Reviewed on Jul 13, 2019
    • HDFC Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I had applied for a personal loan from HDFC Bank. They closed the application as there was no response from my end. I postponed the plan for some personal reason. I was not informed about the rate of interest and loan amount. HDFC Bank customer service is very good.
      Was this review helpful? 1
      , aurangabad
      Reviewed on Jul 12, 2019
    • HDFC Bank Personal Loan
      "BETTER"
      0.5 3.0/5 "Satisfactory"
      I am an existing customer so i have taken the personal loan, the EMI option is auto pay as i am paying on time also i got a sms regarding the credit score from the bank. I have been using the loan since from last from last 7 months and the duration for repaying the loan 3 years. The loan amount given was 1.50K, the rate of interest 12.5%. The customer support is good.
      Was this review helpful? 1
      , mumbai
      Reviewed on Jul 12, 2019
    • HDFC Bank Personal Loan
      "Quick Loan service"
      0.5 4.0/5 "Great!"
      I applied the loan when i got the pre-approved offer hence the interest rate are very much higher. Within one minute, they have credited the loan amount into my account and there was some processing fee. I have chosen the tenure period of 24 months. I am paying the EMI of Rs. 5000
      Was this review helpful? 1
      , mumbai
      Reviewed on Jul 12, 2019
    • HDFC Bank Personal Loan
      "Interest rate should be affordable"
      0.5 3.0/5 "Satisfactory"
      I have been continuing my personal loan with HDFC, I took the amount of Rs. 1.85 lakh it has the duration of four years. They gave me 14% of interest its higher compared to others but the support is good and they taken some processing fee and insurance.
      Was this review helpful? 1
      , kolkata
      Reviewed on Jul 12, 2019
    • HDFC Bank Personal Loan
      "Good in all"
      0.5 5.0/5 "Blown Away!"
      I have not taken the personal loan from HDFC Bank is because of the salary criteria not matching the banking norms. Else the customer support and response is good. They were on time to reach out to me and inform me the details. The rate of interest and processing fee is nominal.
      Was this review helpful? 1
      , agra
      Reviewed on Jul 12, 2019
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