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:

How to Increase HDFC Bank Personal Loan Eligibility?

  • Maintain a clean credit history: Ensure that all your past loans are repaid in time and in full and that you have met all the conditions of the past lenders. This will ensure that your credit history is clean and that your CIBIL score is high.
  • Lower EMIs on existing loans: In case you have any existing loans, make sure that you increase the tenure of the existing loans so that your EMI on those loans reduces and you have a larger surplus left to service a new loan from HDFC Bank.
  • Prepayment: It is highly recommended that if possible you pay off your existing loans before taking a new one. This will increase your eligibility for a new HDFC Bank Personal Loan.

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HDFC Bank Personal Loan Eligibility FAQs

What should be the minimum net monthly income of the customer to get HDFC Bank Personal Loan?


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).

How much work experience is required for a Personal Loan from HDFC Bank?


The applicant must have a work experience of at least 12 months to avail an HDFC Bank Personal Loan.

What is the maximum loan amount an applicant can get?


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.

Will CIBIL Score affect my eligibility for a Personal Loan from HDFC Bank?


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.