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Eligibility calculator

Eligibility calculator

HDFC Bank Personal Loan

Financial aid is a safety net that helps us weave through life in case of unprecedented circumstances. HDFC Bank provides one of the most affordable personal loans, which can help you meet your immediate financial requirements. The HDFC personal loan interest rate starts from 10.75% and ranges up to 21.50%. HDFC Bank offres flexible repayment time frame upto 60 months.

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Check HDFC Bank Personal Loan Eligibility

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Interest Rate

Processing Fee


Loan Amount/Tenure

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HDFC Bank Personal Loan Interest Rate

HDFC Bank Personal Loan

10.5% - 24%

Up to 2.5%


₹50K - ₹40L

Tenure(Up to 5 Years)


Features and Benefits of HDFC Personal Loan

Given below are some of the features that you can examine before applying for an HDFC personal loan.

1) Quick Services

  • The HDFC Bank customers who are pre-approved can receive the funds well within 10 seconds.
  • The rest of the customers can receive a loan within 4 working days, determined by the verification and documentation at the bank’s end.

2) Apply for HDFC Personal Loan Online

You can apply for HDFC personal loan online with a few quick steps. The entire process of online application can be completed without any hassle.

3) Insurance Protection

  • Personal Accident Cover: You can get a personal accident cover of up to ₹8 lakhs and a critical illness cover of ₹1 lakh by paying a nominal premium amount. This premium amount will be subtracted from the loan amount at the time of disbursement. A few extra charges/surcharges will be levied.
  • Personal Loan Security: You can easily secure your personal loan through Sarv Suraksha Pro. It provides a Credit Shield Cover equivalent to the outstanding loan amount. You can avail of up to ₹8 lakh for Accidental Hospitalization cover and ₹1 lakh for Permanent Disablement/Accidental Death cover.

4) Customised Personal Loans

HDFC Bank provides you with a customised loan offer and rates for any type of loan you need. The people who already have an account with the HDFC bank can receive special benefits, rates, charges, and offers. The first-time loan customers are also offered numerous perks. Choose the loan tenure of your choice and pay back the loan in pocket-friendly EMI’s according to your terms. 

5) Personal Loan Balance Transfer

You can avail of a deduction in your loan EMI by transferring the balance to HDFC Bank. The interest rates are as low as 11%, and the processing fee for the same is ₹3,999 (+GST). 

6) 24x7 Assistance

HDFC Bank provides assistance to its customers through round-the-clock services and by offering immediate help in the twinkle of an eye.

HDFC Personal Loan Interest Rates

The HDFC personal loan interest rate starts from 11% and ranges up to 21%. The interest rate offered to the applicant will depend on a number of factors, including credit history and income. 

HDFC Bank Fees and Charges

The HDFC Bank levies pocket-friendly charges and fees. Take a look at the HDFC personal loan requirements like fees and charges mentioned below.

Fee Type Amount Charged
Rack Interest Rate For salaried individuals - 11% to 21.00%
Loan Processing Charges  Up to 2.50% of the loan amount is subject to a maximum of ₹25,000 (for salaried customers)
Stamp Duty and Other Statutory Charges Applicable according to the state’s laws
Overdue EMI Interest  2% per month on Principal Overdue/ EMI
Incidental/Legal Charges  At actuals
Amortisation Schedule Charges ₹200
Cheque Swapping Charges ₹500
Cheque Bounce Charges 1st return at Rs.450 + taxes  2nd within a month Rs.500 + taxes  and 3rd onwards Rs.550 + taxes  (10% discount is provided for Senior Citizens) ​​​​​
Rebooking Charges  ₹1000
Loan Cancellation Charges NIL
Pre-Payment in Full or Part For salaried individuals - No pre-payment in full or part permitted until the repayment of 12 EMIs is made. Part payment is allowed up to 25% of the Principal Outstanding amount. It is permitted only once in the entire financial year and twice during the tenure of the loan.
Pre-payment Charges on Part Payment Charges/Principal Outstanding For salaried individuals: 13-24 months - 4% of principal outstanding, 25-36 months - 3% of principal outstanding >36 months - 2% of principal outstanding

Note: Government taxes and other charges will be levied over and above the fees and charges as applicable.

HDFC Personal Loan Requirements

Category Salaried Self-Employed
Age  21 to 60 years 21 to 65 years
Minimum income Rs.15,000 Rs.5 Lakh p.a.
Tenure of loan  12 – 60 months 12 – 60 months
Maximum amount of loan Rs.40 Lakh Rs.40 Lakh
CIBIL score 750 or above 750 or above

Eligibility Criteria for HDFC Personal Loan

The mentioned below individuals are eligible to apply for HDFC personal loan:

  • Private sector employees, public sector employees, which include state, local and central bodies
  • 21 to 60 years of individuals
  • Individuals who have been working for a minimum of 2 years with a job of 1 year with the present employer
  • Individuals who earn a net income of ₹25,000 per month.

Factors Affecting HDFC Personal Loan Eligibility

A bank or financial institution provides different interest rates to different applicants owing to their eligibility to avail of a personal loan. The higher the interest rate, the more will be your loan EMI. This gravely affects personal loan affordability. Let us have a look at the various factors that influence the HDFC personal loan interest rate and eligibility criteria.

Age The HDFC Bank does not provide loans to people below 21 years of age as they are considered risky borrowers to pay back the loan. People above the age of 60 are also not provided with the loan as they might not have a steady income.
Credit Score Your credit score is maintained by the credit bureau and is an important indicator of your creditworthiness. A lower credit score might result in disapproval of your application or be approved with a higher interest rate.
Income The higher your income, the lower the interest rate will be charged. Also, individuals with a high income are considered to be reliable and responsible for paying back the loan amount.
Repayment History A good repayment history means that you have been disciplined with your loan EMIs and have paid them on time. This could get you a lower interest rate from the bank, and the bank can rely on you to pay back the amount.
Defaults If the bank comes across any default in your credit report, it might ditch your loan application or charge you with a high-interest rate.
Relationship with the Bank If you open more than one regular account like a savings account and fixed deposit in a single bank, then you are seen as a loyal customer. This interpersonal relationship can help you fetch an attractive rate of interest along with your application being approved.

Documents Required for HDFC Personal Loan

  • Proof of identity (voter ID card/Aadhaar/driving licence/passport copy)
  • Proof of address (voter ID card/Aadhaar/driving licence/passport copy)
  • Bank statement of the preceding 3 months (6 month’s passbook)
  • Latest Salary Slips and Form 16/2

How Does the EMI Calculation Work for HDFC Personal Loans?

HDFC Bank’s online EMI calculator helps you to calculate your monthly instalments with ease. This on-the-go and intuitive calculator can help you plan your loan repayments. To calculate your EMI, enter the loan amount, HDFC personal loan interest rate, and your loan tenure. The results will be displayed on your screen within seconds.

The loan amount can be entered in the range of 50,000 to 4,000,000 and term from 1 to 5 years.

How Does HDFC Compare With Other Lenders?

Have a look at the table below to see the comparison of HDFC Bank with the other prevalent competitors of personal loan providers in India.

NBFCs/Banks Interest Rates (Annual)
HDFC Bank 10.25% – 21.00%
SBI 9.60% – 13.85%
PNB 7.90% – 14.50%
ICICI Bank 10.50% – 19.00%
Axis Bank 10.25% p.a. onwards
Kotak Mahindra Bank 10.25% onwards
IndusInd Bank 11.00% onwards
IDFC First Bank 10.49% – 23.00%
Bajaj Finserv 13.00% onwards
Tata Capital 10.99% onwards

HDFC Personal Loan Customer Care Number

HDFC Bank customer number is 7065970659. You can also reach out to them at Webchat, Click2Talk, and PhoneBanking.


From refinancing to reducing your interest, we have the answers right here.

Can I switch to a floating rate from a fixed rate during my loan tenure?

Yes, you can switch to a floating rate of interest anytime during the loan tenure by paying a small fee.

What is the minimum salary required for a personal loan?

The minimum salary required to apply for HDFC personal loan is ₹25,000 per month.

When does the personal loan repayment period start?

The personal loan repayment begins from the next month of the disbursement. For example, if the loan amount was given to the borrower on 5th May, the repayment will begin from June, as per the repayment cycle.

Does HDFC check for CIBIL score for a personal loan?

Yes, HDFC Bank will check your entire CIBIL/credit report while evaluating your application for a personal loan.

What is the maximum and minimum personal loan amount I can get from HDFC?

You can get a loan ranging from Rs.50, 000 to Rs.40 lakh.

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