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.
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 Loan||Salaried||Self Employed|
|Loan Amount||Rs. 50,000 to Rs. 40 Lakhs||Rs. 50,000 to Rs. 40 Lakhs|
|Lowest Interest Rate||10.25% - 21%||10.25% - 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|
The factors that affect the Personal Loan interest rates at HDFC Bank are:
Additional Info: Know about HDFC Overdraft Facility.
Additional Info: Also Check Personal Loan for Women & their Interest Rates.
Apart from the rate of interest, there are many other charges that are levied by the HDFC Bank on a Personal Loan.
Note: Check HDFC Personal Loan Interest Rate for Salary Account holders.
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.
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)
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
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The interest rate on HDFC Bank personal loan starts from 10.75% onwards.
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.
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.
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