HDFC Personal Loan Interest Rates

HDFC Bank offers personal loan at an interest rate ranging between 10.25% to 21% p.a. One can choose a repayment tenure between 1 year to 5 years. Apply for instant personal loan online at the lowest interest rate.


HDFC Bank Personal Loan Interest Rate 2022

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 10.25% and it has special rates for special customers and salaried employees working with reputed companies.  

HDFC Personal LoanSalariedSelf Employed
Loan AmountRs. 50,000 to Rs. 40 LakhsRs. 50,000 to Rs. 40 Lakhs
Lowest Interest Rate10.25% - 21%10.25% - 21%
Processing FeeUp to 2.50% of the sanctioned loan amount (Minimum  1,999 & Maximum  25,000)Up to 2.50% of the sanctioned loan amount
Loan Tenure12 months to 60 months12 months to 60 months
Part Prepayment ChargesAllowed after 12 EMIs at 2% - 4% of principal outstandingAllowed after 12 EMIs at 2% - 4% of principal outstanding
Preclosure ChargesAllowed after 12 EMIs at 2% - 4% of principal outstandingAllowed after 12 EMIs at 2% - 4% of principal outstanding

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.

Additional Info: Know about HDFC Overdraft Facility.

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 10.25% to 21%.
  • HDFC Bank has the lowest EMI with regard to Personal Loans, which is Rs. 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 Loan.

Additional Info: Also Check Personal Loan for Women & their Interest Rates.

HDFC Bank Personal Loan Fees and Charges

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

  • Processing fees: Up to 2.50% of the sanctioned loan amount (minimum Rs. 1,999 & maximum Rs. 25,000 for salaried customers).
  • Overdue EMI interest: 2% per month on EMI per principal overdue.
  • Cheque bounce charges: Rs. 550 per instance
  • Cheque swapping charges: Rs. 500
  • Amortization schedule charges: Rs. 200

Note:  Check HDFC Personal Loan Interest Rate for Salary Account holders.

Key things about HDFC Personal Loan Interest Rates

  • Fixed interest rate is when a fixed rate is set on the personal loan and you have to pay a fixed amount of interest throughout the tenure.
  • Floating interest rate will change as per the change in the bank’s base lending rate.
  • To avail a HDFC Personal Loan, you need not have a guarantor or provide security.
  • When the repo rate goes up, your interest rate will also go up. This must be considered before choosing a floating interest rate.
  • HDFC banks offer personal loans to salaried individual and they offer the interest rate based on the applicant’s credit score.

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

HDFC Bank Personal Loan Balance Transfer

If you wish to lower the interest rate on your existing personal loan availed from another bank, you can opt for HDFC Bank personal loan balance transfer option. On transfer your personal loan balance to HDFC Bank, you can avail an interest rate of as low as 10.75%. You will have to pay a flat processing fee of minimum Rs. 1,999.

HDFC Personal Loan Customer Care

You can connect with HDFC through following ways:

Toll-free Number : 1800 258 3838 (open from 8 a.m to 8 p.m on all days)

Mailing Address

HDFC Bank Ltd., New Bldg, "A" Wing 2nd floor,

26-A Narayan Properties, Chandivali Farm Road,

Off Saki Vihar Road, Chandivali,

Andheri (East), Mumbai- 400 072

HDFC Personal Loan Interest Rate

MyMoneyMantra is India’s largest phygital loan distributor. With trust of 70 lakh customers, we assure hassle free access to the best Personal Loans up to 50 Lakh for the largest base of unsecured loan borrowers in India. Our service is 100% free. We use latest technology and AI to serve customers across the length & breadth of our diverse country. Check Eligibility & Apply

View and improve your credit score - for free.

Know how good your score is

Get insights on how to improve it

Unlock offers as per your score

chart_15f235bf64 (1).svg

HDFC Personal Loan Interest Rate FAQ

What is the minimum interest rate on HDFC Bank personal loan?


The interest rate on HDFC Bank personal loan starts from 10.75% onwards.

What is the processing fee on HDFC Bank personal loan?


HDFC Bank charges up to 2.50% of the loan as processing fee, subject to a minimum of Rs.1000 and maximum of Rs.25000.

What are the modes of payment available to me to repay HDFC Bank personal loan?


You can repay the loan through post-dated cheques, ECS or through a standing instruction to debit your HDFC Bank account with the EMI amount.

What is the minimum and maximum personal loan amount?


The loan amount depends the bank’s lending policies and is influenced by your eligibility, income, nature of job and repayment capacity.

Also Check: HDFC Personal Loan CIBIL Score