हिंदी में पढ़े
| HDFC Bank Personal Loan Highlights | |
| Interest Rate | 10.85% p.a. onwards |
| Loan Amount | Up to Rs 40 lakh |
| Tenure | Up to 6 years |
| Minimum Monthly Salary | Rs 25,000 |
| Processing Fee | Up to Rs 6,500 |
| Pre-approved instant personal loan | Offered to select customers of HDFC Bank with loan disbursal in 10 seconds |
| Pre-closure Charges | For salaried:
|
| Part-payment Fees | For salaried:
|
| Documentation |
|
HDFC Bank
Up to ₹40L
10.85% - 24%
Upto 6 Years
₹6,500
*Applicable for selected customers
Note: Rates as of 19th November 2024
Table of Contents
HDFC Bank Personal Loan Interest Rate
HDFC personal loan interest rates start from 10.85% p.a. onwards. The final interest rates offered to the loan applicant would vary according to the credit score, monthly income, job profile, employer’s profile, etc. of the loan applicant.
HDFC Bank Personal Loan Processing Fees and Charges
HDFC Bank levies the following fees and charges on personal loans.
| Fees | Charges |
| Processing Charges | Up to Rs 6,500 |
| Stamp Duty and other statutory charges | As per the laws of the state |
| Overdue EMI Interest | 2% per month on EMI/principal overdue |
| Legal/Incidental Charges | At actuals |
| Amortization Schedule Charges | Rs 200 |
| Cheque Swapping Charges | Rs 500 |
| Cheque Bounce Charges | 1st return at Rs 450 + taxes
2nd in a month Rs 500 + taxes 3rd onwards Rs 550 + taxes 10% discount for senior citizens Rs 550 per cheque bounce |
| Loan Cancellation Charges Rebooking Charges | NIL Rs 1000 |
| Pre-payment in Part/Full | Part-payment allowed up to 25% of Principal Outstanding. It is allowed once in the financial year and twice during the loan tenure. |
| Pre-payment Charges on Principal Outstanding/Part Payment Charges | Salaried:
13-24 months- 4% of outstanding principal 25-36 months- 3% of outstanding principal >36 months- 2% of outstanding principal |
HDFC Bank Personal Loan EMI Calculator
HDFC Bank personal loan EMI calculator can be used to calculate the EMIs and total interest cost payable throughout the loan tenure. The applicants need to enter the loan amount, interest rate and loan tenure in the personal loan EMI calculator and get instant results.
Monthly EMI ₹ 15,622
Total Amount Payble ₹ 5,62,395(Principal + interest)
Principal Amount ₹ 5,00,000
Total Interest Payble ₹ 62,395
Types of HDFC Bank Personal Loan
Below-mentioned are the various types of personal loan schemes offered by HDFC Bank.
HDFC Bank Golden Edge Personal Loan
- Purpose: Golden Edge Personal Loan is a special personal loan scheme offered to individuals having minimum monthly income of Rs 75,000, for meeting their financial requirements for home renovation, vacations, medical emergency, wedding and higher education.
- Loan Amount: Rs 10 lakh- Rs 40 lakh
HDFC Bank Marriage Loan
- Purpose: Applicants can avail HDFC Marriage Loan to meet their wedding related expenses
- Loan Amount: Rs 50,000- Rs 40 lakh
- Tenure: 1- 5 years
HDFC Bank Travel Loan
- Purpose:Prospective borrowers can avail Travel Loans from HDFC Bank to meet their travel expenses
- Loan Amount: Up to Rs 40 lakh
- Tenure: Up to 5 years
HDFC Bank Personal Loan for Home Renovation
- Purpose: Personal loan for home renovation finances the expenses related to home renovation such as kitchen remodeling, replacement of old furniture, sprucing, change in electrical wiring and installation of new fixtures and fittings
- Loan Amount: Up to Rs 40 lakh
- Tenure: Up to 5 years
HDFC Bank Personal Loan for Teachers
- Purpose: HDFC Bank Personal Loan for Teachers is offered to meet the personal requirements of teachers employed at private or government schools and colleges
- Loan Amount: Up to Rs 40 lakh
HDFC Bank Personal Loan for Women
- Purpose: Women applicants can avail HDFC Personal Loan for Women to finance their personal expenses such as higher education, travel, wedding plans, emergency expenses, etc.
- Tenure: Up to 5 years
- Loan Amount: Rs 50,000- Rs 40 lakh
HDFC Bank Personal Loan for Salaried
- Purpose: Salaried individuals can avail Personal Loans for Salaried from HDFC Bank to meet their personal requirements
- Tenure: Up to 5 years
- Loan Amount: Rs 50,000- Rs 40 lakh
HDFC Bank Personal Loan for Government Employees
- Purpose: HDFC Bank Personal Loan for Government Employees meets the personal requirements of individuals employed in government sectors
- Loan Amount: Up to Rs 40 lakh
- Tenure: Up to 6 years
HDFC Bank Personal Loan Balance Transfer
- Purpose: HDFC Personal Loan Balance Transfer facility is offered to existing personal loan borrowers of other banks/NBFCs for transferring their existing personal loans from to HDFC Bank at lower interest rates
- Processing Fee: Starting at Rs 3,999 + GST
HDFC Bank Xpress Personal Loan
Purpose: HDFC Bank Xpress Personal Loan is a fully digital instant personal loan facility offered to meet the personal requirements of its applicants. Select pre-approved customers of HDFC Bank can get instant disbursal within 10 seconds.
Loan Amount: Up to Rs 40 lakh
Loan Tenure: Up to 5 years
HDFC Bank Personal Loan Eligibility
HDFC Bank has set the following eligibility criteria for its personal loan applicants.
- Individuals employed with private limited companies, public sector undertakings and central/state/local government bodies are eligible for HDFC Bank Personal Loan
- Minimum age of the applicant at the time of loan application should be 21 years and maximum age at the time of loan maturity should be 60 years
- Applicants should have a total work experience of at least 2 years with a minimum experience of 1 year with the current employer
- To avail HDFC Personal Loan, minimum monthly income of applicants having a salary account with HDFC Bank should be Rs 25,000. However, minimum monthly income of applicants not having a salary account with the bank should be Rs 50,000
Additionally, HDFC personal loan eligibility may also depend on the credit score of its personal loan applicants.
Eligibility Criteria for Golden Edge Personal Loan
- Employees of private limited companies and public sector undertakings are eligible for HDFC Golden Edge Personal Loan
- Applicant should be 21 years old at the time of loan application and 60 years old at the time of loan maturity.
- The minimum monthly income requirement for availing HDFC Golden Edge Personal Loan is Rs 75,000.
- Individuals having a total work experience of minimum 2 years and an experience of at least 1 year with the current employer can avail Golden Edge Personal Loan.
Documents Required for HDFC Bank Personal Loan
HDFC Bank requires the following documents during the loan application process.
- ID Proof (Aadhaar card/driving license/voter ID/passport)
- Address Proof (Aadhaar card/driving license/voter ID/passport)
- Bank statement for past 3 months (updated passbook for last 6 months)
- Latest salary slips/latest salary certificate with Form 16
For Golden Edge Personal Loan
- Photo ID Proof and address proof
- Company ID card
- Copy of PAN card
- Salary slip of preceding 3 months
- Salary account statement for last 3 months
- Form 16 of previous financial year
Why Apply for a HDFC Personal Loan at Paisabazaar.com
Below-mentioned are the following reasons why the applicants should apply for HDFC personal loan through Paisabazaar.com
- Offers from Top Lenders: Paisabazaar has partnered with 30+ Banks/NBFCs/Fintechs to provide the best available loan offers from multiple lenders at one place.
- Compare & Choose: On Paisabazaar, you can check and compare personal loan offers from India’s largest banks, NBFCs and Fintechs, on your screen with a click of a few buttons.
- Personalized solutions & certainty of approval: On Paisabazaar, personal loan offers will be rank-ordered according to your credit score and other eligibility factors. This will help you choose the most-suited offer and provide you with the certainty of loan approval.
- Pre-Approved Loans: Once a part of the Paisabazaar ecosystem, you get personalised pre-approved personal loan offers based on your credit health from time to time. These loans come with low processing fees, low-interest rates and almost no documentation.
- Unbiased Advice: In case you have any queries or need assistance, Paisabazaar’s team of experts will guide you on every step, coordinate with lender Banks/NBFCs and help you get the most-suited personal loan.
- Complete Digital Process: As a digital-only organization, Paisabazaar.com offers you completely digital processes that help you avail personal loans from the comfort of your homes with zero to minimum paperwork and a completely digital experience.
- Document Pickup: Where physical documentation is needed, Paisabazaar representatives will pick documents from your home/office on a mutually agreed date and time once you apply for the loan. With this, you are not required to physically visit the lender to submit your documents as Paisabazaar will do the needful for you – At zero cost.
- End-to-end Assistance: Right from looking out for a loan option to getting the sanctioned loan amount in your bank account, Team Paisabazaar remains with you and works in the background with the lenders, to give you a wonderful experience.
How to apply for HDFC Instant Personal Loans
HDFC Bank offers instant personal loan only to its pre-approved existing customers based on their credit profile. Such eligible customers can apply for HDFC instant personal loans through the official website of HDFC Bank or HDFC mobile app without any documentation. Existing customers of HDFC Bank can also visit Paisabazaar.com to check their eligibility for HDFC pre-approved instant personal loans and apply accordingly.
| Related Links | |
| HDFC Bank Preclosure Chareges | HDFC Bank Loan on Credit Card |
| HDFC Personal Loan Payment | HDFC Bank Agriculture Loan |
| HDFC Bank Personal Loan Mobile App | HDFC Bank Consumer Loan |
HDFC Bank Personal Loan Customer Care
- Helpline number: 1800 1600 / 1800 2600 (Accessible across India) or chat with the bank’s intuitive virtual assistant called EVA for quick solutions
To know the HDFC Personal Loan customer care number in your city, click here
FAQs on HDFC Personal Laon
How can I avail personal loan from HDFC Bank?
You can avail HDFC Bank Personal Loan either through the official website of HDFC Bank or by visiting the HDFC Bank branches. Alternatively, you can also visit Paisabazaar.com to apply for HDFC Bank Personal Loan.
What is the minimum credit score required to avail HDFC Bank personal loan?
Bank considers a minimum credit score of 650 for availing personal loan.
What is the minimum salary requirement for availing HDFC Bank Personal Loan?
Applicants having a minimum net monthly income of Rs 25,000 are eligible for availing HDFC Bank Personal Loan.
What maximum loan amount can I avail from HDFC Bank if I have a minimum monthly salary of Rs 25,000?
HDFC Bank has not disclosed its EMI/NMI ratio for its personal loan applicants. However, lenders usually consider the EMI/NMI ratio less than 50-55% after factoring in the monthly expenses including the existing EMIs and EMIs of the proposed loans while evaluating their loan amount eligibility.
How can I pay the EMI for HDFC Bank Personal Loan?
You can pay your HDFC Bank Personal Loan EMI either through ECS or through standing instructions where the EMI amount would be debited from your bank account.
How long does it take the HDFC Bank to disburse a personal loan?
HDFC Bank usually disburses personal loan within 4 working days from the date of application. It also offers pre-approved instant personal loans to select customers where the funds are disbursed in just 10 seconds, with no documentation.
How can I check my outstanding personal loan balance in HDFC Bank?
You can check the outstanding balance of HDFC Personal Loan through HDFC Net Banking or HDFC Mobile Banking app. You can also visit the HDFC Bank branches to check your outstanding personal loan balance.
Can having a salary account with HDFC Bank help in availing Personal Loan?
Having a salary account, savings account or any other deposit or lending relationship with HDFC Bank may help you to avail Personal Loan from HDFC Bank at lower interest rates. However, the bank will also consider factors like your geographic location, monthly income, existing loans, credit score, employer’s profile, etc. while evaluating your personal loan eligibility.
Is foreclosure of HDFC Bank Personal Loan allowed?
Yes, foreclosure of HDFC Bank personal loan is allowed, after 12 months of availing the personal loan. The foreclosure charges go up to 4% of the outstanding principal amount.
Can I part-prepay my HDFC Bank Personal Loan?
You can make part-prepayment on HDFC personal loan only after the repayment of 12 EMIs. Part-prepayment is allowed up to 25% of outstanding principal only once in the financial year and twice during the loan tenure.
How can we check HDFC Bank Personal Loan status?
HDFC Bank Personal Loan applicants can check their application status online as well as offline. The applicants can visit the official website of HDFC Bank and click on “Track your application” option in the “personal loan tab”. HDFC Personal Loan Tracker will open. Applicants can fill in the required details and click submit. HDFC Bank Personal Loan Status will be reflected on the screen. Applicants can also call on HDFC Bank Personal Loan customer care numbers or visit the nearest HDFC Bank branch to know their HDFC Bank Personal Loan status.
How can I repay my HDFC Personal Loan?
You can repay your HDFC Bank Personal Loan in equated monthly instalments. The loan will be repaid through post-dated cheques. HDFC personal loan can also be repaid through ECS or a standing instruction (in case of existing saving/current account holders). You can also use HDFC Personal Loan EMI Calculator to know how much EMI you need to pay.