HDFC Personal Loan Interest Rates
Interest Rate

Starting @ 10.50%

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Processing Fee

Upto 2999

Loan Tenure

1-5 years

Lowest EMI Per Lakh

₹ 2,149 for 5 years

Prepayment Charges

Nil charges for floating rates loans

check your eligibility


HDFC Bank Personal Loan Interest Rate - 2021

The HDFC Bank offers a Personal Loan to its customers or borrowers who require immediate funds in order to meet their immediate requirements. The interest rates for Personal Loans with HDFC Bank start at 10.50% and it has special rates for special customers and salaried employees working with reputed companies.

HDFC Personal Loan Salaried Self Employed

Loan Amount

50,000 to 40 Lakhs

50,000 to 40 Lakhs

Lowest Interest Rate

10.50% - 21%

10.50% - 21%

Processing Fee

Up to 2.50% of the sanctioned loan amount (Minimum  1,999 & Maximum  25,000)

Up to 2.50% of the sanctioned loan amount

Loan Tenure

12 months to 60 months

12 months to 60 months

Part Prepayment Charges

Allowed after 12 EMIs at 2% - 4% of principal outstanding

Allowed after 12 EMIs at 2% - 4% of principal outstanding

Preclosure Charges

Allowed after 12 EMIs at 2% - 4% of principal outstanding

Allowed after 12 EMIs at 2% - 4% of principal outstanding

HDFC Personal Loan Details

  • HDFC personal loan interest rate: HDFC offers fixed personal loan interest rates starting from as low as 10.50% p.a. The rates can go up to a maximum of 21% p.a. Having a fixed interest rate on your loan gives you the advantage of knowing your EMIs will remain unchanged till the end of the tenure and you can plan your expenses accordingly.
  • Instant funding: With the use of technology and other online tools, it is very quick and simple to Apply for a Personal Loan with HDFC Bank. The lending agencies will also reciprocate within a very short time and the process is very smooth and user-friendly. Within no time your loan application process is completed and the funds are transferred in your bank account to help you fulfill your immediate financial needs.
  • Personal Loans are unsecured: As you know that Personal Loans are unsecured in nature and hence you do not need to mortgage any security or collateral to avail the same. Most of the lending agencies and banks ask for a loan agreement before they can proceed ahead with your Personal Loan application.
  • Minimal documentation required: These days the online procedure has become so easy and user-friendly that minimum documents are needed to apply for a Personal Loan. The complete procedure of documentation is simplified. Everything is clearly mentioned on the bank's website and one needs to follow the same.
  • Special Schemes: There are special offers and schemes for individuals who fall in the special category of borrowers for the bank.

A few of the special Personal Loan schemes are:

  • Special Personal Loan to Pensioners
  • Personal Loan Diva for Women Customers or borrowers
  • Special Personal Loan for Doctors
  • Golden Edge Personal Loan
  • Personal Loan for salaried professionals from reputed companies

Key Features of HDFC Personal Loan Rates

  • HDFC Bank offers Personal Loan at lower interest rates for salaried as compared to self-employed individuals.
  • The rate of interest for a Personal Loan with HDFC Bank ranges from 10.50% to 21%.
  • HDFC Bank has the lowest EMI with regard to Personal Loans, which is 2,149 per Lakh.
  • HDFC personal loan rates of interest are fixed in nature and do not change according to the fluctuations in the financial market.
  • Floating interest rates are not applicable on HDFC Personal Loans.

HDFC Personal Loan Top Up

Top up which is given on Personal Loans is an additional extra loan which can be availed from your bank on your existing loan or even at the time of transfer of the balance of the Personal Loan to a new lending agency. You can avail a top up on your Personal Loan from HDFC Bank if you have a regular and timely repayment track record on your current Personal Loan. Most of the times, the top up loans are available at a similar rate of interest as that on your running Personal Loan. Presently the interest rate applicable on HDFC Bank Personal Loan top up starts at 11.25%.

Factors Affecting HDFC Personal Loan Interest Rate

The factors that affect the Personal Loan Interest Rates at HDFC Bank are:

  • The total amount which is borrowed by the applicant.
  • Repayment tenure of the loan.
  • HDFC?s internal list of reputed companies that fall into categories sequenced from high to low based on size of the company, reputation and goodwill of the company.
  • Borrower?s relationship with the bank.
  • The net monthly income of the borrower.
  • Repayment capacity of the borrower through CIBIL.
  • The HDFC Bank also offers Personal Loans to defense, government employees, and armed forces. The interest rates for these individuals differ from that of other applicants.

HDFC Bank Personal Loan Charges

Apart from the rate of interest, there are many other charges that are levied by the HDFC Bank on a Personal Loan.

  • Part prepayment charges: 2% to 4% of the outstanding principal amount. You can prepay after 12 EMIs up to 25% only once in the financial year and twice during the loan tenure.
  • Pre-closure Charges: Foreclosure allowed after 12 EMIs at 2% to 4% of principal outstanding.
  • Processing fees: Up to 2.50% of the sanctioned loan amount (minimum 1,999 & maximum 25,000 for salaried customers).
  • Overdue EMI interest: 2% per month on EMI per principal overdue.
  • Cheque bounce charges: 550 per instance
  • Cheque swapping charges: 500
  • Amortization schedule charges: 200

Documents For HDFC Bank Personal Loan

  • Identity proof - A copy of any one of the below-mentioned documents: 
    • Passport
    • Voter ID Card
    • Driving License
    • Aadhaar 
  • Address proof - A copy of any one of the below-mentioned documents:
    • Passport
    • Voter ID Card
    • Driving License
    • Aadhaar
  • Bank statements of last 3 months 
  • Passbook of previous 6 months
  • 2 recent salary slips or current dated salary certificate 
  • Latest Form 16
More about HDFC Personal Loan Document

FAQ on HDFC Personal Loan Interest Rates

How long will it take for a Hdfc personal loan to be approved?

You can receive funds in just 10 seconds if you are a pre-approved customer of HDFC Bank. For other customers, it can take up to 4 hours, subject to meeting all the conditions.

How can I reduce my HDFC personal loan interest rate?

To reduce your HDFC personal loan interest rate, you can choose a longer repayment tenure for your loan, pay a higher down payment amount, opt for a lower interest rate, avail the balance transfer facility, or consider your existing bank when taking a loan.

Why should you take a Personal Loan from HDFC Bank?

There are many reasons why we should avail a Personal Loan from HDFC Bank such as it has flexible payment options, the procedure is hassle-free, and the rate of interest ranges from 10.50% to 21%, and one can get the funds within 4 hours of the loan approval. The HDFC Bank also gives you an option to avail its services from anywhere in India and the interest rates for the salaried employees and the special customers are much lower than the others.

How much interest is charged by HDFC Bank on Personal Loan?

HDFC charges interest rates between 10.50% to 21% p.a on personal loans.

What is the lowest EMI per one Lakh on a Personal Loan availed by a customer from HDFC Bank?

The lowest EMI on a Personal Loan availed from HDFC Bank is 2,149 per one Lakh.

Calculate Personal Loan EMI

What is the minimum and maximum tenure or the period of a Personal Loan with HDFC Bank?

HDFC Bank has a flexible payment option for the Personal Loan EMIs and you can repay your Personal Loan within a period of 12 months to a maximum of 60 months.

How much Personal Loan amount can I borrow from HDFC Bank?

Being the most flexible bank when it comes to its customers, HDFC Bank provides you a Personal Loan of minimum 50,000 to a maximum amount of 40 Lakhs. This will take place with very easy and minimum documentation.

Is age an eligibility factor to get Personal Loan from HDFC Bank?

Yes, age is a very vital factor when applying for a Personal Loan with HDFC Bank as it helps to decide the eligibility of the applicant to avail a Personal Loan. One should be at least 21 years of age at the time of approval of a Personal Loan and 60 years of age at the time of Personal Loan maturity.


Know HDFC Personal Loan Eligibility Criteria

Is part prepayment of a Personal Loan allowed with HDFC Bank?

Yes, part prepayment of Personal Loan is allowed for all the loans which are booked on or after 1st April 2018. However, you can choose to close your loan in parts by prepaying the loan amount in advance after successfully paying 12 EMIs. The part prepayment charges are at 2% to 4%. Kindly note that:

  • The part payment is allowed only one time in a single financial year.
  • The part payment is allowed only twice during the entire loan tenure.
  • At any given time, each part prepayment will not exceed 25% of the principal outstanding amount of the Personal Loan.

Can I add my spouse's income while applying for a Personal Loan from HDFC Bank?

Yes, you can add your income or earnings along with your partner's income in order to increase the loan eligibility and get a higher Personal Loan amount sanctioned.

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