Please Select your Applicant Type
Please Enter Your Current City

Please accept terms of use and privacy policy

HDFC Personal Loan Interest Rates

Interest Rates   10.75% - 15.99%
Loan Amount Upto 40 Lakhs
Tenure 1 Year to 5 Years
Loan Processing Fee Up to 2%% of the Loan amount
EMI Bounce Charges  400+ GST
Prepayment Charges 5% on principal outstanding + GST
EMI  2162 Per Lakh

Why HDFC Personal Loan?

Here are some important reasons to get a Personal Loan from HDFC Bank:

  • EMI starting at as low as 2187/Lakh
  • Loan amount of up to 40 Lakhs
  • Minimal documentation
  • Pre-approved HDFC Bank customers can get instant approval in 10 seconds, however, other customers can get Personal Loan in just 4 hours.

Features and Benefits of HDFC Personal Loan

HDFC Bank Personal Loan is thoughtfully packed with various attractive features and benefits. Here are some of those:

  • Quick and hassle-free online application process
  • Check your Personal Loan eligibility online in just 1 minute using HDFC's Personal Loan Eligibility Calculator
  • Get funds under 4 hours of loan approval
  • Special rates for existing HDFC Bank customers
  • Quick loan approval for existing HDFC Bank customers - in just 10 seconds.
  • Get Personal Loan Security at a nominal premium and secure your outstanding loan obligation in case of any miss-happening with SarvSuraksha Pro. Get a Personal Accidental Cover amounting up to 8 Lakhs, and Critical Illness Cover worth up to 1 Lakh. The amount of premium will be deducted from the sanctioned loan amount during disbursal.
  • A host of benefits available for first-time Personal Loan customers
  • Transfer your existing Personal Loan to HDFC through Personal Loan Balance Transfer facility and save money by reducing your loan EMIs

HDFC Personal Loan Processing Fee and Other Charges

Type of Charges Amount to be Paid

Processing Fee

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

Prepayment Charges (full or in part)

  • 4% of Principal Outstanding: 13-24 Months
    3% of Principal Outstanding: 25-36 Months
    2% of Principal Outstanding: After 36 Months

  • No prepayment allowed until repayment of 12 EMIs

  • Up to 25% of principal outstanding is permitted as part payment (only once in a financial year & twice during the entire loan tenure).

Late EMI Payment Charges

  • 2% per month on EMI or Principal overdue (Minimum 200)

Charges for ChequeSwapping

  • 500

Amortization Schedule Charges

  • 200

Charges for Cheque Bounce

  • 550 for each cheque bounce


HDFC Personal Loan Eligibility

You have to meet the following eligibility criteria to apply for HDFC Personal Loan:

  • You must be an employee of any private limited company or public sector undertaking (central, state or local bodies).

  • You must be between 21-60 years of age.

  • You must have a work experience of at least 2 years, and must have served with your current employer for minimum 1 year.

  • You must be earning minimum 15,000 per month.

  • If you are working in Delhi, Mumbai, Pune, Bengaluru, Hyderabad, Chennai, Kolkata, Ahmedabad or Cochin, your net monthly income should be minimum 20,000.

If your income level or credit score is lower than the requirement of the lender, you can bring in a co-applicant (spouse, father, or other eligible co-applicants) to apply for HDFC Personal Loan to increase your eligibility.

Documents Required for HDFC Personal Loan

  • Identity proof - a copy of any of the following

    • Passport
    • Aadhaar Card
    • Driving License
    • Voter ID Card
  • Address proof - copy of any of the following

    • Passport
    • Aadhaar Card
    • Driving License
    • Voter ID Card
  • Last 3 months' Bank Statements/ Passbook of last 6 months

  • Latest Salary Slip/ Salary Certificate of the current date

  • Latest Form 16

Other Products by HDFC

In addition to the Personal Loan, HDFC also offers the following range of loans:

  • Consumer Durable Loan
  • Car Loans
  • Two Wheeler Loans
  • Loans for Professionals
  • Home Loan
  • Loan Against Property
  • Business Loan
  • Educational Loan
  • Loan on Credit Card
  • Smart draft - Overdraft Against Salary
  • Gold Loan
  • Loans Against Assets
  • Government Sponsored Programs
  • Rural Loans
  • Loan Against Securities
  • PradhanMantri Mudra Yojana

How to Calculate HDFC Personal Loan EMI?

Calculating your EMI for HDFC Personal Loan EMI is easy with our EMI Calculator. MyMoneyMantra provides you with free online EMI Calculator using which you can get the EMI details. You just have to enter a few details such as the loan amount, rate of interest, and tenure to get the result.

Why Apply for HDFC Personal Loan on MyMoneyMantra?

If you want to apply for HDFC Personal Loan online instantly, MyMoneyMantra is the right platform for you. Here's why you should apply for HDFC Personal Loan through MyMoneyMantra:

  • With its 70+ finance partners, a user-friendly online platform for instant loan application and loan experts having above 35 years of experience, MyMoneyMantra assures you of availing the best possible Personal Loan deal.
  • With all the information about HDFC Personal Loan available on one page, you can easily get access to all the minute details related to the product.
  • We provide doorstep documents pick-up service so that you don't have to worry about the documentation process at all.
  • We also help you with the loan approval and disbursement process after submitting a loan application.
  • Using our online EMI Calculator, you can easily calculate your eligibility level and EMI amount before a loan application.

How to Apply for HDFC Personal Loan on MyMoneyMantra?

Applying for the HDFC Personal Loan on MyMoneyMantra is a simple and instant process. You just need to follow the following steps to avail the loan:

  • Click on the Personal Loan tab under Loans category on MyMoneyMantra's official website.
  • Enter the required details such as - Your name, required loan amount, preferred loan tenure, the city of your residence, employment type, income, and other basic information.
  • Accept the terms and conditions.
  • Enter the OTP received on your mobile number.
  • Choose HDFC as your loan partner.
  • You will get a call from our loan specialists soon.
  • Keep your documents ready for verification. Our specialist will visit you to collect the required documents and will assist you with the further process till disbursal of the loan amount.

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 Bank Latest News

HDFC Bank Launches Special FD Scheme for Senior Citizens; offers 75 bps Premium

HDFC Bank Ltd has launched a special fixed deposit scheme called as Senior Citizen Care FD for elderly depositors. The scheme is valid from May 18, 2020 to September 30, 2020. The new FD scheme for senior citizens offers a total premium of 75 bps to senior citizens on 5 year to 10 year fixed deposit schemes (of less than 5 crores). The bank has revised fixed deposits rates across the tenors. The new interest rates range from 3% to 5.75% for general customers and for senior citizen the new rates will vary from 3.5% to 6.50%*. Read More.

HDFC Bank Cuts by 0.20% MCLR across Tenor

The HDFC Bank Ltd has slashed lending rates by 0.20 percent across the tenor with effect from April 7, 2020. The revised overnight MCLR is 7.60 percent, one-year MCLR is 7.95 percent, and three-year MCLR stands at 8.15 percent. Read More

How to Opt for HDFC Bank Covid-19 EMI Moratorium Relief on Loans & Credit Cards

In order to ease the cash woes of HDFC customers during the testing times where a pandemic outbreak has severely hit the mobility of entire nation & the world, HDFC Bank has also announced EMI holiday of 90 days for its Retail Loan and Credit Card customers. Read More

31 Oct 2018: HDFC Bank announces festive offers for its salary account holders

HDFC is showering festive offers such as cashbacks, easy car, home loans and more for its salary account holders. If you are a corporate salary account holder with HDFC Bank, you can avail the following bonanza offers this festive season:

  • Cashback of up to 6,000 on purchasing Samsung phones using HDFC Credit Cards, debit cards, EMI on credit and consumer durable loans on Flipkart and Amazon.

  • 50% off on rack interest rate on Personal Loans

  • You may take a loan against mutual funds and securities from HDFC Bank by paying a processing fee of just 999 + applicable taxes.

  • 05 to 0.10% off on rack interest rate and 50% waiver on processing fee on Home Loans and

*The offers are valid till December 31.

20 Oct 2018: HDFC Bank net profit through loans in Q2 up by 21%

HDFC Bank has noticed a growth in net profit by 21% (to 5,006 Crore) for the second quarter of 2018 as compared to 4,151 Crore in 2017. The growth is largely due to a remarkable loan book growth of 24%. Personal Loans and auto loans were the largest contributors to its domestic retail lending by constituting 21% and 20% respectively.


What happens to the post dated cheques if I change the repayment mode/account for my Personal Loan?

Post Dated Cheques or Security Cheques submitted for loan repayment but have not been en cashed, will be retained by the HDFC Bank. If you wish to get your old Post Dated Cheques or Security Cheques back, you can request for the same at HDFC's Retail Loan Service Center/via Phone Banking/ through email within 45 days from the date of requesting a change in repayment mode.

What are the modes of repayment of HDFC Personal Loan?

You can pay the loan in EMIs through:

  • Post-dated cheques
  • ECS/ standing instruction to debit EMI amount from your HDFC Bank account.

Can I calculate my EMI before Personal Loan sanction?

Yes,you can use MyMoneyMantra's or HDFC'sonline EMI Calculator to calculate how much EMI amount you need to pay.

Is part-prepayment allowed for HDFC Personal Loan?

Yes, if you have booked the loan on or after April 1, 2018, it is possible to prepay your Personal Loan after completion of 12 EMIs from the disbursement of the loan. However, part-payment is permitted only twice during loan tenure and once in a financial year. Also, each part-payment should not exceed 25% of the outstanding principal amount.

Do I need to pay any additional charges for HDFC Personal Loan repayment?

The additional charges are only applicable if:

  • There is any default

  • In case of SWAP or change in the repayment mode

What does Loan Guarantor mean?

Loan Guarantor is an individual who guarantees to repay the applicant's debt in case the applicant defaults on a loan obligation.

Does HDFC offer pre-approved Personal Loan facility?

Yes, HDFC offers pre-approved Personal Loan to its existing customers. They are eligible to get an instant Personal Loan within 10 seconds of application.

What is the turnaround time for new HDFC Personal Loan customers?

New customers can get a Personal Loan from HDFC in as just 4 hours after successful application and approval.

What is the maximum Personal Loan amount offer by HDFC?

You can avail up to 40 Lakhs as Personal Loan from HDFC, depending on your income, CIBIL score, and other eligibility factors.

Does HDFC provide Personal Loan insurance?

Yes, with SarvSuraksha Pro, you can secure your Personal Loan repayment. The facility has the following key benefits:

  • It provides credit protection to cover equal to your outstanding loan amount.

  • It offers accidental hospitalisation cover of maximum 8 Lakhs.
  • The facility provides accidental death or permanent disablement cover of maximum 1 Lakh.

OTP is sent to your mobile number

Enter OTP

OTP can't be left blank

Please enter valid OTP!

Resend OTP