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  • HDFC Personal loan

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  • Get attractive rates on HDFC personal loans starting at 10.75% p.a. HDFC offers loans of up to Rs.40 lakh with flexible tenures of up to 5 years. The bank charges a processing fee of up to 2.5% of the loan amount.

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    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 2.50% One time fee
    Up to Rs.40L
    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% - 21.30% 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 21.30% 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
    • Insurance options available

    (*Loan amount can vary depending on your eligibility and is solely at HDFC’s discretion)

    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.
    • For HDFC salary accountholders, the minimum income required is Rs.25,000 per month and for others it’s Rs.50,000 per month.
    • 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.

    Documents Required for HDFC Loan

    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

    HDFC Personal Loan EMI Calculation

    You can use BankBazaar HDFC Personal Loan EMI Calculator to check your monthly prepayment amount. All you need to do is enter your preferred loan amount, tenure, interest rate and processing fee Hit “Calculate” to check your EMI and processing fee.

    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 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.

    HDFC Bank Corporate Address

    HDFC House, H T Parekh Marg,
    165-166, Backbay Reclamation,
    Churchgate, Mumbai - 400 020

    Other loan products from HDFC

    FAQs on HDFC Personal Loan

    • How can I repay my HDFC 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.

    • Am I eligible for HDFC personal loan moratorium?

      The COVID-19 crisis has posed a huge challenge for customers. Hence, based on RBI guidelines, HDFC offers its customers the option to opt for personal loan moratorium. All HDFC Bank customers who have taken personal loan prior to 1st March 2020 are eligible. Customers having overdues before 1st June 2020 are also eligible for personal loan moratorium. However, for the latter, requests shall be considered solely at HDFC’s discretion.

    • 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:

      1. Pune: 020 - 6160 6161
      2. Mumbai: 022 - 61606161
      3. Kolkata: 0522 - 6160616
      4. Jaipur:033 - 61606161
      5. Indore: 0141 - 6160616
      6. Hyderabad: 040 - 61606161
      7. Delhi and NCR: 011 - 61606161
      8. Cochin: 0484 - 6160616
      9. Chennai: 044 - 61606161
      10. Chandigarh: 0172 - 61606161
      11. Bangalore: 080 - 61606161
      12. 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
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken personal loan from HDFC bank as I need some loan for personal reason. It was nice because the loan was sanctioned on time.The interest rate is 13%. The tenure of the loan is for 4 years but it have completed only 1.5 years. I got my loan easily without any delay.
      Was this review helpful? 127
      , bangalore
      Reviewed on Mar 21, 2020
    • HDFC Bank
      HDFC Bank
      "Good service"
      0.5 3.0/5 "Satisfactory"
      I taken a personal loan from HDFC bank on 2 years back. The tenure period of 3 years. An interest rate is high of 12%. The amount was sufficient and processing fee deducted of 3K. EMI need to pay of 7,175 rupees. I use to get remainder message. There is no option of pre closure. They have sanctioned the loan by 1 week. For first and second month I faced some payment issue so I visited to bank then it was resolved.
      Was this review helpful? 96
      , hosur
      Reviewed on Mar 21, 2020
    • HDFC Bank
      "Interest rate was high"
      0.5 4.0/5 "Great!"
      Since I don't have a salary slip which i unable to get it from my company, personal loan application got closed by bank. Person from HDFC bank called me and informed that my loan has been closed. The customer service was good but the rate of interest is very high.
      Was this review helpful? 81
      , bangalore
      Reviewed on Mar 20, 2020
    • HDFC Bank
      "Rate of interest was very high"
      0.5 4.0/5 "Great!"
      The rate of interest was very high 10.45% for personal loan from HDFC Bank. So i request to close this loan because i alreay taken a loan from other bank with the normal interest. Customer service and responsive was good, need to work on interest rate.
      Was this review helpful? 91
      , new delhi
      Reviewed on Mar 20, 2020
    • HDFC Bank
      "Good"
      0.5 4.0/5 "Great!"
      I have applied HDFC personal loan through online. They are asking many documents to submit but i am not interested to provide any documents to them hence banker closed the loan process. In future I will go to the bank directly and I will apply this loan . For an emergency purpose only I chosen this bank.
      Was this review helpful? 72
      , vellore
      Reviewed on Mar 19, 2020
    • HDFC Bank
      "Good service"
      0.5 3.0/5 "Satisfactory"
      I have applied Hdfc bank personal loan through online .There was lack of information from online customer service ,i have not availed the loan since i have requested some information they have gather my details and without any information they have told application is on process this was the issue.
      Was this review helpful? 145
      , chennai
      Reviewed on Mar 19, 2020
    • HDFC Bank
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I have applied for HDFC Bank personal loan through online .I am unable to avail this loan since dont have payslip.I have not submitted any of my documents.I have got proper notification from bank end and there was no drawbacks faced .Everything was good to me when applied for this loan.
      Was this review helpful? 31
      , srikakulam
      Reviewed on Mar 19, 2020
    • HDFC Bank
      "Good Service"
      0.5 4.0/5 "Great!"
      I have not taken Hdfc bank personal loan since no proper response from bank end .The rate of interest and the processing fee was not shared .I have submitted documents and the loan process was explained by the agent .Since no proper acknowklegement from bank i have not taken this loan.
      Was this review helpful? 28
      , jamshedpur
      Reviewed on Mar 18, 2020
    • HDFC Bank
      "Good Service"
      0.5 3.0/5 "Satisfactory"
      I have not faced any difficulties when applied for HDFC Bank personal loan .The rate of interest and processing fee was an issue .The reason was not shared to me for what purpose this loan was not sanctioned and documents are not submitted. There was no callback and follow up from bank end .
      Was this review helpful? 23
      , bangalore
      Reviewed on Mar 18, 2020
    • HDFC Bank
      "Medium"
      0.5 4.0/5 "Great!"
      I got a call on time from HDFC bank for a personal loan application. The loan amount was sufficient which was expected 3L and applied for the same, since already I had taken one loan so to close the payment I have chosen this loan with tenure period of 4 years. I have no idea about interest. I got an amount from other source hence closed this process from my end.
      Was this review helpful? 31
      , darbhanga
      Reviewed on Mar 18, 2020
    • HDFC Bank
      "Average Service "
      0.5 3.0/5 "Satisfactory"
      I have applied for HDFC personal loan through online .I have not availed this loan since the rate of interest was very high .There was good cooperation from bank end .The agent shared all the details about the loan process.There was proper callback and follow up from bank end .I have submitted the documents through the agent .The service was average according to my experience.
      Was this review helpful? 21
      , bangalore
      Reviewed on Mar 18, 2020
    • HDFC Bank
      "Not Satisfied "
      0.5 1.0/5 "Really Bad"
      I have applied for HDFC Bank personal loan through online .This loan was not availed since there was no requirement and told me this was a pore approval loan and the application was processed .I have not got any details about rate of interest and the processing fee , I am not satisfied with the overall service .
      Was this review helpful? 26
      , pune
      Reviewed on Mar 18, 2020
    • HDFC Bank
      "Need to decrease rate of interest "
      0.5 4.0/5 "Great!"
      To apply a personal loan, I chosen HDFC through online. At initial the process was done on time but from banker there is no much calls or follow up .The amount was sufficient with tenure period of 5 years so I opted for the same. The rate of interest was high. Since at that time I was busy and unable to provide the documents on time. This loan got closed from banker end.
      Was this review helpful? 21
      , mumbai
      Reviewed on Mar 18, 2020
    • HDFC Bank
      "Need to decrease interest rate "
      0.5 4.0/5 "Great!"
      The verification process was done on time from HDFC which I applied a personal loan through online. But in between I faced some issue, hence closed the loan process from my end, though their response was good. The loan amount which was fine but an interest rate offered of 17% which is high.
      Was this review helpful? 19
      , rajahmundry
      Reviewed on Mar 18, 2020
    • HDFC Bank
      "Good "
      0.5 5.0/5 "Blown Away!"
      On 2 years before I got a personal loan from HDFC bank so I opted for the same. I got the loan amount of 4L with tenure period of 4 years. On starting of the month I use to pay EMI amount of 10K. The rate of interest is 11%. The processing fee was deducted of 3K. They have provided pre closure option locking period of 6 months with some charge.
      Was this review helpful? 20
      , bangalore
      Reviewed on Mar 17, 2020
    • HDFC Bank
      "Need to decrease interest rate "
      0.5 3.0/5 "Satisfactory"
      I got a call on delayed after 2 days from HDFC bank, but the process was done on smooth. I requested the loan amount of 3L but they have offered lesser than that. While during the verification my company was not listed in their category so the loan process was closed from bank. The tenure period of 3 years and an interest rate of 14.5% which was high.
      Was this review helpful? 22
      , chennai
      Reviewed on Mar 17, 2020
    • HDFC Bank
      "Need to respond to the customer "
      0.5 4.0/5 "Great!"
      Once I processed a personal loan from HDFC bank via online not even a single call I received from bank for verification process. The amount was good and offered up to 12L with tenure period of either 2 or 3 years. But their service was not proper and they haven't shared the reason for closed status.
      Was this review helpful? 31
      , eluru
      Reviewed on Mar 17, 2020
    • HDFC Bank
      "Medium"
      0.5 5.0/5 "Blown Away!"
      For my personal need I chosen HDFC bank to apply a personal loan. I got a call on time and the process was done on smooth. The amount was sufficient with tenure period of 5 years. The rate of interest was nominal, but later realized not required to process for further hence closed the loan process from my end.
      Was this review helpful? 27
      , thane
      Reviewed on Mar 17, 2020
    • HDFC Bank
      "Need to decrease processing fee "
      0.5 4.0/5 "Great!"
      HDFC has deducted processing fee of almost 7K which is high for the amount of 2L. I received a call on time from bank for the verification process and it was done smoothly. They have sanctioned the loan by 10 days after deduction have received 1.93L for 4 years tenure. The rate of interest is 10%. I use to pay EMI of 5,200 rupees. They didn't inform pre closure option.
      Was this review helpful? 29
      , hyderabad
      Reviewed on Mar 17, 2020
    • HDFC Bank
      "Instant loan approval"
      0.5 5.0/5 "Blown Away!"
      The loan which i was taken from HDFC Bank, instantly got approved. The loan amount was Rs. 1L and the interest rate was normal. EMI i am paying Rs. 4935 for the tenure period for 2 years. Fore closure charge is there and still one year to complete the loan.
      Was this review helpful? 74
      , chennai
      Reviewed on Mar 16, 2020
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