HDFC Bank Personal Loan

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About HDFC Bank

Housing Development Finance Corporation was established in the year 1994, headquartered in Mumbai. The bank initiated its operations as commercial bank in January, 1995. HDFC Bank offers an extensive range of financial products and services including several loan products such as personal loan, business loan etc. The bank has also been honored as India's largest private sector lender by assets.

About HDFC Bank Personal Loan

You can fulfil your requirement of immediate cash with HDFC Bank Personal Loan. There are certain events such as wedding, vacation, home renovation etc. for which you need instant cash. HDFC Bank offers personal loan with a simplified documentation and at low rate of interest.

Why apply for HDFC Bank Personal Loan?

HDFC Bank Personal Loan can be availed for the following:

  • Wedding expenses
  • Home renovation
  • Medical expenses
  • Overseas travel Starting a new business or even in times of unexpected financial crunch

HDFC Bank Personal Loan Features & Benefits

  • You can avail personal loan from HDFC Bank with the simplified procedure and documentation with instant loan approval.
  • You require no guarantor or security for personal loan from the bank.
  • You can also secure your personal loan with SarvSuraksha Pro scheme under which you will receive several benefits including personal accidental cover of up to Rs. 8 lacs and critical illness care up to Rs. 1 lac. The premium amount of the cover will be deducted from loan amount at disbursal. The cover is subjected to bank?s terms and conditions.
  • You can save your interest amount by transferring your personal loan from other bank to HDFC Bank.
  • The bank disburses personal loan within two day once the documents are submitted.
  • The bank also provides easy accessibility to their banking representatives via online chats.
  • You can repay your loan with easy payment options including RTGS, postdated cheques, ECS etc.
  • You can get minimum personal loan of Rs. 50,000 to maximum of Rs.
  • You can repay your loan with a flexible loan tenor that ranges between 1-5 years.
  • HDFC Bank provides extra benefits to female borrowers.

HDFC Bank Personal Loan Eligibility Criteria

Your eligibility for personal loan depends on following factors: 

 Eligibility Criteria 

  Minimum-21 years (Loan commencement)

  Maximum-60 years (at the time of maturity) 
Income   Minimum Rs. 15,000 (Salaried Employees)
Job Stability  Minimum 2 years
  At least 1 year with current employer
CIBIL Score  750 and above 
Other   Location/ Pin code

  • Interest Rate 11.49% - 19.50%
  • Loan Amount1L - 25L
  • Processing Fee 999 - 2%
  • Tenor1 Years

  • Quick Apply

HDFC Bank Personal Loan Fees & Charges

 Type of Charge Amount of Charge
Loan processing fee
  • Up to 2.50% of loan amount
  • Min. Rs. 2,500 to Max. Rs. 25,000 (Salaried employees)
Pre-payment charges  4% of outstanding loan amount (After 1 year)
Charges of late payment of EMI  24% p.a. on outstanding amount from date of default
CIBIL Report copy charges  Rs.50

HDFC Bank Documentation

 Type of Document 
 Application form
  • Duly filled application form with two photographs cross-signed
 Identity Proof

 Any one of:

  • Passport
  • Voter ID
  • Aadhar Card
  • Driving License
 Income Proof 
  • Latest salary slips (for 3 months)
  • Form 16 (latest)
  • Current dated salary certificate
 Address Proof

 Any one of:

  • Passport
  • Voter ID Card
  • Aadhar Card
  • Valid Driving License


Other documents
  • Bank statement (latest 3 months)

Other Available products from HDFC BANK

  • Business Loan
  • Loan Against Property


EMI Calculator

EMI Calculator

Loan EMI

Total Interest Payable

Total of Payments
(Principal + Interest)