HDFC Bank Personal Loan Interest Rate

What Is the HDFC Bank Personal Loan Interest Rate?

The HDFC Bank personal loan interest rate is the annual rate charged on the outstanding loan amount. HDFC Bank offers personal loans at fixed interest rates calculated on a reducing balance basis, meaning interest is applied only to the remaining principal after each EMI payment. The HDFC personal loan interest percentage begins at 10.9%. The exact rate offered depends on borrower eligibility and credit assessment.

HDFC Bank personal loans are offered within the following parameters:

Particulars	Details
Interest Rate (p.a.)	10.9% – 24%
Loan Tenure	Up to 7 years
Loan Amount	Up to ₹50 lakh

A lower interest rate results in reduced EMIs and lower total interest outgo. While higher rates increase the overall repayment burden.

What are the Factors Affecting HDFC Bank’s Personal Loan Interest Rate?

Several factors influence the personal loan interest rate offered:

Factor	Impact on HDFC Personal Loan Interest Rate
Income Level	Higher, stable income improves the assessment of repayment capacity, often resulting in better interest rates.
Credit Score	A strong credit score reflects disciplined repayment behaviour and generally qualifies for lower interest slabs.
Employer Profile	Employment with reputed organisations is viewed as a stability indicator, positively impacting rate eligibility.
Repayment History	Consistent repayment history without recent defaults supports favourable interest pricing.
Banking Relationship	Existing savings accounts, fixed deposits, or long-standing relationships may contribute to better loan terms.

Can You Negotiate Your HDFC Bank Personal Loan Interest Rate?

While HDFC Bank’s personal loan rates are largely fixed, there are ways to improve your chances of getting a more favourable rate:

• Maintain a strong credit score by paying bills and existing EMIs on time.
• Keep your debt-to-income ratio low by limiting the number of ongoing EMIs.
• Look out for pre-approved offers, which often come with better interest terms.
• Avoid multiple loan applications in a short period, as frequent inquiries can affect your creditworthiness.
• Choose a tenure that balances affordability and interest outgo, ensuring you don’t pay unnecessarily high interest over a longer term.

What are the Charges on the HDFC Bank Personal Loan

Apart from the HDFC Bank personal loan interest rate, the following charges influence the effective cost of borrowing:

Charge Type	HDFC Bank Personal Loan Charges
Processing Fee	Up to ₹6,500 + GST (non-refundable)
Stamp Duty	As per state laws
Prepayment	Up to 24 EMIs: 4% of principal outstanding + GST24-36 EMIs: 3% + GSTAfter 36 EMIs: 2% + GST
EMI Bounce	₹450 per instance
Late Payment Charges	1.50% per month (18% p.a.) + taxes on overdue EMI (after grace period)
Repayment Mode Change	₹500 + GST per request
Loan Cancellation	Processing fee, stamp duty & GST are non-refundable
Loan Rebooking Charges	₹1,000 + GST
Amortisation Schedule Charges	₹50 per copy

These charges do not change the interest rate but significantly affect the total repayment amount.

How Much is the HDFC Bank Personal Loan Interest Rate by Loan Type

HDFC Bank offers similar interest rate ranges across different personal loan schemes:

Loan Type	Interest Rate (p.a.)
Personal Loan (General)	9.99% – 24.00% (Fixed Rate)
Personal Loan for Salaried	9.99% – 24.00% (Fixed Rate)
Personal Loan for Teachers	9.99% – 24.00% (Fixed Rate)
Personal Loan for Government Employees	9.99% – 24.00% (Fixed Rate)
Personal Loan for Women	9.99% – 24.00% (Fixed Rate)
Premium / Golden Edge Personal Loan	9.99% – 24.00% (Fixed Rate)
Other HDFC Bank Personal Loan Schemes	9.99% – 24.00% (Fixed Rate)

The final interest rate is assigned based on credit risk assessment, not solely on the loan purpose.

What is the HDFC Bank Personal Loan Balance Transfer Interest Rate?

A personal loan balance transfer allows you to shift an existing loan from another lender to HDFC Bank at a revised interest rate. The HDFC Bank personal loan interest rate for balance transfers generally falls within the same standard range, but may result in a lower EMI if the transferred rate is lower than the existing loan rate.

Even a marginal reduction of 0.50%-1.00% can lead to meaningful savings over the remaining tenure, subject to transfer-related charges.

What is the Pre-approved HDFC Bank Personal Loan Interest Rate?

Pre-approved personal loans are offered to select customers with strong credit profiles and existing banking relationships. These loans may come with preferential interest rates and faster disbursal, though the final rate still depends on internal eligibility assessment.