HDFC Personal Loan of 1 Lakh

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Written By
Kirti Bansal
Kirti Bansal
Kirti Bansal is an esteemed financial expert and accomplished writer, specializing in a range of financial topics, including Financial Services, Investments, Loan Assessments, Mutual Funds, and Banking. With a wealth of experience in the financial industry, she has earned a reputation as a trusted voice! Her expertise serves as a beacon for those navigating the intricacies of finance.
Reviewed By
Amit Prakash Singh
Amit Prakash Singh
Co-Founder, Square Yards & Chief Business Officer, Urban Money
Amit Prakash Singh is the Chief Business Officer at Urban Money. With over nine years of experience at Square Capital, he has played a crucial role in establishing it as one of India's premier loan advisory services. Amit's deep financial insights and extensive knowledge have driven significant business growth and strategic advancements. He has successfully built and managed large sales teams, optimised costs, and created leaders within the industry. Amit's financial expertise and strategic vision are key to the ongoing success and expansion of Square Yards and Urban Money.

Life can be difficult and unpredictable at times. In such situations, you may need an HDFC personal loan of 1 lakh rupees. This is an instant and multi-purpose personal loan that you can easily avail of online or by visiting your nearest bank branches. You can use the loan amount for any purpose at your discretion. It can typically include debt consolidation, home repair, medical emergencies, holiday spending, or even buying gadgets. Moreover, as a collateral-free financing option, you can obtain the necessary funds without pledging any of your assets as security. Let’s scroll down to learn more.

1 Lakh Personal Loan HDFC – Highlights

Let’s take a look at the key parameters of an HDFC personal loan of ₹1 lakh:

                                                         Highlights
Interest Rates 10.50% p.a. onwards 
Processing Fees Up to Rs 4999
Loan Tenure 1 to 6 years
Eligibility Both salaried and self-employed individuals

1 Lakh Personal Loan EMI for 1- 5 Years 

The following table illustrates the estimated EMIs for different tenures on an HDFC Personal Loan of ₹1 Lakh:

 

Loan Amount Interest Rate Loan Tenure EMI Amount Interest Payable Total Amount Payable
₹1 Lakh 10.50% p.a. 1 year Rs 8,815 Rs 5,778 Rs 1,05,778
₹1 Lakh 10.50% p.a. 2 years Rs 4,638 Rs 11,303 Rs 1,11,303
₹1 Lakh 10.50% p.a. 3 years Rs 3,250 Rs 17,990 Rs 1,17,990
₹1 Lakh 10.50% p.a. 4 years Rs 2,560 Rs 22,896 Rs 1,22,896
₹1 Lakh 10.50% p.a. 5 years Rs 2,149 Rs 28,963 Rs 1,28,963

Compare 1 Lakh Personal Loan From Other Banks & NBFC 

Let’s take a look at the comparison of HDFC Personal Loan of ₹1 Lakh with other leading banks and NBFCs in India.

Lender Interest Rate (p.a.) Processing Fee Tenure
HDFC Bank 10.50% onwards  Up to Rs 4999 1 to 5 years
Axis Bank 10.49% onwards Up to 2% of the loan amount 1 to 5 years
ICICI Bank 10.50% onwards  Up to 2.50% of the loan amount 1 to 6 years
IndusInd Bank 10.49% onwards Up to 2.5% of the loan amount 1 to 5 years
IDFC First Bank 10.49% onwards Up to 3.49% of the loan amount 1 to 5 years
Federal Bank 10.49% onwards Up to 3% of the loan amount 1 to 5 years
Kotak Mahindra Bank 10.99% onwards Up to 3% of the loan amount 1 to 5 years
Bajaj Finserv 11.00% onwards Up to 3.93% of the loan amount 1 to 8 years
State Bank of India 11.05% onwards 1% of the loan amount 1 to 6 years
Punjab National Bank 11.75% onwards 1% of the loan amount 1 to 6 years

1 Lakh HDFC Home Loan – Fees and Charges

Following are the fees and charges for an HDFC Personal Loan of ₹1 Lakh: 

Fee/Charge Amount
Processing Fee Up to Rs 4999
Premature Closure Charges (For Full Payment) 1) Up to 24 EMI repayments – 4% of principal outstanding.

2) Post 24 EMI and up to 36 EMI repayments – 3% of principal outstanding.

3) Post 36 EMI repayment – 2% of principal outstanding.

Delayed instalment payment charge 18% annual interest, plus government taxes on overdue instalments amount. 
Repayment Mode Swap Charges Rs 500
Amortisation Schedule Charges / Repayment Schedule Charges Rs 50/- Per Instance
Stamp Duty & other statutory charges As per applicable laws of the state
Loan cancellation Charges & Rebooking Charges Rs 1000/- plus applicable taxes

1 Lakh HDFC Home Loan – Documents Required

₹1 lakh personal loan documents in HDFC are as follows: 

Proof of Identity: PAN Card, Passport, Voter ID or Driving License.

Proof of Address: Recent copy of Utility Bills, Passport, Driving License or Aadhaar Card.

Proof of Income: Last 3 months’ bank statement 

Proof of Employee: Last 2 months’ salary slips. 

1 Lakh HDFC Home Loan – Eligibility Criteria

₹1 lakh personal loan eligibility in HDFC are as follows: 

  • You must be aged between 21 and 60 years
  • You must have a minimum income of Rs.25,000 per month.
  • You must have at least 2 years of work experience. 
  • You must have lived in your current residence for at least 1 year.
  • You must have a good credit score and repayment history.

Personal Loan By Banks

Urban Money