HDFC Bank Personal Loan Eligibility
Apply now for instant HDFC Personal Loan and get loan up to Rs. 40 Lakhs at interest rate starting as low as 10.75% and upto 4999 + GST processing fee. Repay in flexible tenure of 5 years.
HDFC Bank Personal Loan Eligibility Criteria
Following are the important HDFC Bank personal loan eligibility criteria for Salaried as well as Self-employed:
- Indian residents, employed with a private limited company/ public sector undertaking (central/ state/ local bodies).
- Applicant must have a minimum work experience of 2 years or more and must have served the current employer for a minimum of 1 year.
- Applicant’s age should be 21 to 60 years
- The minimum income required is Rs. 25,000 per month for HDFC Bank salary account holders (Rs. 50,000 for others).
- Applicants can increase their HDFC Personal Loan eligibility by bringing in an eligible co-applicant (preferably an earning spouse or parent).
Features of HDFC Bank Personal Loan
Following are the features of HDFC Personal Loan:
- Amount of loan up to Rs. 40 Lakhs
- Tenure of repayment Up to 5 years
- Turnaround time 1 to 7 days
- HDFC Personal Loan Interest Rate {{HDFC_PL_INTEREST_RATE}}
- Processing fee Up to 2.50%
Other Banks Personal Loan Eligibility
HDFC Bank Personal Loan Eligibility FAQs
The minimum income for the salaried employee who wishes to apply for a Personal Loan from HDFC Bank should be Rs. 25,000 per month (Rs. 50,000 for Non-HDFC Salary Accountholders).
The applicant must have a work experience of at least 12 months to avail an HDFC Bank Personal Loan.
An applicant can get a maximum of Rs. 40 Lakhs Personal Loan from HDFC Bank provided the applicant is eligible and capable of repaying the amount.
Yes, CIBIL Score plays an important role in the assessment of a Personal Loan application at HDFC Bank. A good score indicates good repayment record. The bank prefers a minimum CIBIL score of 700 and above for considering a Personal Loan.