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HDB Personal Loan

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HDBFS Personal Loan

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About HDB Personal Loan

A personal loan helps you to meet all your personal cash needs. They can be utilized for your personal dreams like higher studies, a dream wedding, that long awaited vacation, the much needed home renovation or some emergency medical needs. HDBFS Personal Loans come with customizable solutions and attractive interest rates to help you with any kind of emergency financial needs.

Key highlights of HDB Personal Loan

  • High loan amount of up to Rs.20 lakhs
  • Competitive interest rates that are the best in market
  • Comfortable repayment tenure to suit your needs
  • Simple, hassle-free documentation for a pleasant application process
  • Fast approval and quick disbursal to put the funds in your hands at the earliest
  • Doesn’t need any collateral, security or guarantor

Benefits and features of HDB Personal Loan

Personal Loan up to Rs. 20 Lakh – Based on your eligibility, you can get loans of up to Rs.20 lakhs from HDBFC. This can be availed by both salaried individuals and self-employed people.

Attractive Interest Rates – HDBFC offers one of the best interest rates in the market. These competitive interest rates translate into lower EMIs decreasing the burden on your monthly cash flow.

Flexible Repayment Tenure – HDBFC personal loans come with repayment tenures ranging from 12 – 60 months. This allows you to repay the loan comfortably.

Hassle-free Documentation Process – You can apply for a personal loan both offline and online. You need minimal documents to complete the application process. If you apply online, you can just upload the soft copy of the documents to complete the process.

Quick Processing and Speedy Disbursal – With a simple and easy application process, HDB ensures that your loans are processed quickly and disbursed at the earliest. This ensures that you get the much needed funds faster to take care of whatever purpose or emergency the fund is for.

No Collateral or Guarantors required – Personal loans are usually unsecured in nature, in that, they do not require you to offer any collateral or a guarantor to disburse the loan. HDB personal loans too are unsecured. You can now get up to Rs.20 lakhs of personal loan without having to submit any collateral or guarantee.

What is the eligibility criteria to apply for HDBFS Personal Loans?

HDB Personal Loans are available for both salaried and self-employed individuals. The eligibility criteria differ slightly for each of these applicant types. Go through the below part to understand the criteria:

Salaried Individuals 

Salaried Doctors, CAs, employees of select Public and Private limited companies, Government Sector employees including Public Sector Undertakings

Minimum age of applicant

21 years

Maximum age of applicant at loan maturity

60 years (Or retirement, whichever is earlier) For Government Employees - 65 years

Minimum employment

Minimum 1 year employment with the current organization with at least 1-month’s salary credit in the bank account

Minimum Net Monthly Income

Rs. 20,000 for Metro Locations (Ahmedabad, Bangalore, Chennai, Delhi, Hyderabad, Kolkata, Mumbai & Pune)

Rs.15,000 for All Other Locations

Self-employed (Individuals)

Self-employed, Sole proprietors, Partners & Directors in the Business of Manufacturing, Trading or Services

Minimum age of applicant

22 years

Maximum age of applicant at loan maturity

65 years

Years in business

Minimum 4 years with minimum 2 years in the same business

Minimum Annual Income

Rs. 1,00,000 p.a. for metro locations
Rs. 75,000 p.a. for non-metro locations

Self-employed (Pvt Cos and Partnership Firms)

Private Companies and Partnership firms in the Business of Manufacturing, Trading or Services

Minimum age of applicant

22 years

Maximum age of applicant at loan maturity

65 years

Years in business

Minimum 4 years with minimum 2 years in the same business. Business must be profit making for the last 2 years

Minimum Annual Income

Rs. 1,00,000 p.a. for metro locations
Rs. 75,000 p.a. for non-metro locations

How to apply for HDB Personal Loans?

HDB Personal Loans can be applied online as well as offline. Here are the simple steps to apply:

Online HDB Website

  • Login to the HDB website and click on ‘Apply Now’. 
  • You will be taken to a form to fill in your personal details. You will also be required to put in your mobile number for OTP verification.
  • On the next page, fill in your employment details
  • After entering all the details, submit the application. 
  • Your personal loan application will be deemed accepted 
  • An authorized representative from the institution will get in touch with you for next steps
  • Upload the required documents in soft copy

On the ‘HDB On The Go’ Android app 

  • Download the ‘HDB On The Go’ android app
  • Verify the mobile number with OTP
  • Click on ‘Apply for a New Loan’
  • Enter all the requested details like personal and professional information
  • You should also enter your address information
  • Submit the application 

At the Branch

  • You can also apply at your nearest HDB Financial Services Branch
  • Walk in to any of the nearest branch and contact the personal loan representative at the branch
  • They will explain the loan application process and help you apply successfully. 

Call the Customer Support

Call HDB Financial Services customer support number +914442984541 to apply for a quick Personal Loan

What is the documentation required to apply for HDB Personal Loans?

Address & ID Proof

  • Passport
  • Voters ID
  • Driving License
  • PAN Card
  • Aadhaar Card or Proof of possession of Aadhaar number (on Voluntary basis)
  • Photo Driving License 
  • Utility Bill (anyone which is not more than two months old from any of these service providers - electricity, telephone, post-paid mobile phone, piped gas, water)
  • Registered Rental Agreement  
  • Letter of allotment of accommodation from employer 
  • Leave and license agreements with employers allotting official accommodation

Date of Birth Proof

  • Driving License  
  • Pan Card 
  • Passport 
  • Copy of Birth Certificate  
  • 10th or 12th mark sheet bearing date of birth

Income Proof

  • Latest statements / Bank passbook (updated within 90 days)
  • Latest ITR along with computation of income, B/S & P&L a/c for the last 2 years certified by a CA

Additional Documents for Self-employed (Individuals)

  • Proof of continuation:  Trade license /Establishment /Sales Tax certificate
  • Registration certificate, Certificate/license issued by the municipal authorities under Shop and Establishment Act
  • Sales and income tax returns, CST/VAT/ GST certificate (provisional/final)
  • Certificate/registration document issued by Sales Tax/Service Tax/Professional Tax authorities
  • IEC (Importer Exporter Code) issued to the proprietary concern by the office of DGFT/ Licence/certificate of practice issued in the name of the proprietary concern by any professional body incorporated under a statute
  • Complete Income Tax Return (not just the acknowledgment) in the name of the sole proprietor where the firm's income is reflected, duly authenticated/acknowledged by the Income Tax authorities
  • Utility bills such as electricity, water, and landline telephone bills

Other documents for Self-employed (Pvt Cos and Partnership Firms)

  • PAN CARD of the Partnership Firm or Private Ltd Company
  • Power of Attorney granted to a partner, managers, officers or an employee of the firm or a company to transact business on its behalf.
  • The complete Income Tax return (not just the acknowledgment) in the name of the Partnership Firm where the firm's income is reflected, duly authenticated/acknowledged by the Income Tax Authorities.
  • Proof of continuation: Trade license /Establishment /Sales Tax certificate/ SSI Registration
  • Other Mandatory Documents - Sole Proprietorship declaration Or Cert. Copy of Partnership Deed (to be verified against original), Certified true copy of Memorandum & Articles of Association (Certified by Director) & Board resolution (Original)

Additional documents for Pvt Ltd. Companies

  • Certified Copy of Certificate of Incorporation and an updated Memorandum and Articles of Association (certified either by Company Secretary / Director)
  • Certified Copy of Resolution of the Board of Directors to open an account and identification of those who have authority to operate the account duly signed by two directors or a company secretary
  • Form 32 / DIR 12 duly filed with Registrar of Companies - Only in cases where the list of directors are not original subscribers to MOA & AOA
  • Certified copy of the Form 18 / INC 22 filed with Registrar of Companies

Interest rate and other charges associated with HDB Personal Loans

Loan Processing Fee


Cheque/ECS bounce charges
(per bounce)

Rs. 750 

Interest on Late Payment of EMI (per month on overdue EMI amount/Interest amount)


PDC/ECS Swap Charges
(per swap)

Rs. 750 

Statement of Account Charges

Rs. 500

Document Retrieval Charges

Rs. 750

Additional Repayment Schedule

Rs. 500

Loan Cancellation Charges

Rs. 1,000

Prepayment / Foreclosure

0-6 months

6-12 months

12-36 months

36 months & above

Not allowed




HDB Personal Loan FAQs

1. Where can I download the HDB on the Go mobile application?

The HDB on the Go mobile application can be downloaded from Google play store. It is currently available only for Android users.

2. Can the HDB on the GO mobile app be accessed offline?

No, the HDB on the GO mobile app is available online only.

3. How can I update my personal details on my loan account?

You can update your personal details using these 3 channels:

  • Call the customer support
  • Using the HDB on the GO mobile app
  • Email HDBFS Customer Support

4. What are the options to pay the Equated Monthly Installments (EMI)?

Personal loan EMIs are usually set for auto-debit through ACH (Automated Clearing House).

5. Where can I check my loan application status?

You can check the loan application status on the HDB website or on the HBD On the Go mobile app.

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