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HDFC Bank Personal Loan
Max Tenure
12 - 72 Months.
Best Rate
11.04% P.A.
Processing Fee
2.50%
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Quick Links To Handle Your Personal Loan
HDFC Bank Personal Loan
Get HDFC personal loan at attractive interest rates starting from 10.90% p.a. Flexible loan tenures between 1 to 5 years, and loan amount up to Rs. 40 Lakh. Instant approval in 5 minutes. Minimal documentation and hassle-free processing.
How to Apply for HDFC Personal Loan
Highlights of HDFC Bank Personal Loans
| Interest rate | 10.90% p.a. to 21% p.a. |
| Loan Amount | Rs.50,000 to Rs.40,00,000 |
| Tenure | 5 Years |
| Processing fees | Up to Rs.6,500 + GST |
| Pre-Approved Instant Personal Loan | Offered to select customers of HDFC with loan disbursal in 10 minutes |
| Pre-closure Charges | Up to 24 EMIs – 4% of the Outstanding Principal Post 24-26 – EMIs – 3% of the Outstanding Principal > 36 EMIs – 2% of the Outstanding Principal |
| Part-Payment Charges | Allowed after the payment of the 1st EMI 25% of the Outstanding Loan Amount can be paid Allowed only once in a financial year and twice during the entire loan tenure |
| Documentation | Identity Proof Address Proof Last 3 Months Bank Statements Latest 3 Months Salary Slips |
HDFC Bank Personal Loan Interest Rate
HDFC Bank offers personal loans at a fixed interest rate ranging from 10.90% to 24.00% per annum. The rate offered to a borrower depends on various factors such as credit score, income, loan amount, and repayment capacity.
| Minimum Interest Rate | Maximum Interest Rate |
|---|---|
| 10.90% p.a. | 24.00% p.a. |
Types of HDFC Bank Personal Loan
The following are some of the various types of HDFC Bank Personal Loans.
Personal Loan for Marriage:
- Loan Amount: Rs.50,000 to Rs. 40,00,000
- Interest Rate: 10.90% p.a. to 24.00% p.a.
- Loan Tenure: 3 Months to 72 Months
- No Security/Collateral required
- Quick and Hassle-free application process
- Loan Processing Fees of 2.50% of the Loan Amount
- Available only for salaried employees, private sector employees and PSUs
- 100% Digital Process
- Minimum Monthly Income of Rs.25,000 for HDFC-Bank Salary Account Holder and Rs.50,000 for Non-Account Holder.
Golden Edge Personal Loan for Elite Customers
Golden Edge Personal Loan for a selected few Credit Worthy Customers. This loan is given to a set of elite group customers to provide them with instant funds to satisfy their elite lifestyle needs. Some of the reasons of taking the loan includes Home Renovation, International Vacation, Medical Expenses, Higher Education, and so on.
Personal Loan for Salaried Employees:
Sudden financial contingencies always erupt for any individual that might put a big hole in your pocket. HDFC comes to your aid in such cases with its unique Personal Laon for Salaried Employees. These loans make salaried employees tackle any extra expenses that are likely to crop up. Some of the features of the loan includes:
- Loan Amount: Rs.50,000 to Rs.40,00,000
- Loan Tenure: 12 Months to 72 Months
- Interest: Rs.10.90% p.a. to 21.00% p.a.
- Loan Processing Fees: Rs.6500 +GST
- Stress Free Source of Funds
- Quick and Easy Loan Disbursal
- Competitive Interest Rates
- Minimal Documentation
- Must be between 21-60 years old
- Minimum income of Rs.25,000 for HDFC-Salaried Account holders and Rs.50,000 for HDFC Non-Account Holders
Personal Loan for Women:
The role of women in society has taken a huge leap. Women have made a mark for themselves in almost every sector. To support such women HDFC offers Personal Loans for Women to meet their personal contingencies. The features of the loan is the same as above.
Personal Loan for Medical Emergency:
An emergency personal loan is the one that is taken due to some unforeseen medical emergency. And the good part is that this Personal Loan for Medical Emergency is availed within a matter of minutes. The features of the loan is the same as above.
Personal Loan for Home Renovation:
Remodeling you house based on the latest fashion and trends, replacing old furniture, changing the old Furnitures, replacing the electrical wiring or adding new fixtures and fittings requires some investments. This makeover will improve the aesthetic appeal of your home but also improve the value of your house for future sales. HDFC Personal Home for Renovation gives you a helping hand in resolving these issues. The features of the HDFC Bank Personal Loan for Home Renovation is the same as the above.
Personal Loan for Travel:
HDFC Personal Loan for Travel is available for anyone who is planning a holiday trip at a dream destination. Some of the attractive feature of the loan includes:
- Loan Amount: Rs. 1,00,000 to Rs. 40,00,000
- Tenure: 1 Year to 5 Years
- Interest Rate: 10.90%p. a to 21.00% p.a.
- For HDFC Bank Customers the loan will be credited into their bank account within a matter of minutes, but Non-HDFC Bank customers will get the loan in 4 hours.
- Pocket-Friendly EMI
- Hassle-Free Application Process
- Competitive Interest Rates
- Get Personal Loan Insurance Coverage
- Age between 21 and 60 years old
- Must be working in Public Sector Undertakings and Private Limited Companies
Personal Loan for Government Employees:
HDFC Personal Loan for Government Employees is a complete financial solution to solve any of your financial problems. This will help you in satisfying your every need in every way. This loan is available for public sector undertakings, central, state, and various local bodies and comes with a tenure of 6 years.
Personal Loan for Teachers:
HDFC Personal Loan for Teachers is available for teachers. Teachers of Government Schools and Private Colleges can apply for the loan. Teachers get only a fixed amount at the beginning of every month.
Features and Benefits of HDFC Bank Personal Loan
Take a look at the main features and benefits of the HDFC Personal Loan. They are:
- Personal Loans Up to Rs.40 Lakhs
- Quick Loan Disbursal with Minimum Paperwork
- No Collateral Required
- Flexible Usage to Funds
- Competitive Interest Rates
- Balance Transfer Facility Available
- Exclusive Personal Loans for Women
- Quick Loan Approval
- Budget-Friendly EMIs
- Customizable Personal Loans
- Additional Coverage with Insurance
Eligibility Criteria for HDFC Personal Loan
The following are the list of eligibility criteria an individual is supposed to meet for the HDFC Personal Loan. They are:
- Employees of Private Limited Companies and Public Sector Undertakings Including Central, State and Local Bodies
- Salaried Individuals Between 21-60 Years Old
- Self Employed Individuals Between 21-65 Years Old
- Individuals who have been in job continuously for 2 years with minimum of 1 year with the current employer
- Individuals with a salary of Rs.25,000 per month
- Senior Citizen Customers are eligible for a discount of 10% on all the service charges
How to Apply for HDFC Bank Personal Loan
The following are the list of steps that needs to be followed to apply for the HDFC Bank Personal Loan. They are:
- Visit the HDFC Bank Personal Loan Page
- Select the Option for Slaried or Self-employed Professional.
- You need to identify yourself using your mobile number and DOB/PAN.
- Fill in all the Personal Details
- Verify the Income
- Check the Loan Offer
- Complete the Aadhar Based KYC
- Your loan gets credited in your bank account within a matter of minutes or hours.
Documents Required for HDFC Bank Personal Loan
The following are the list of documents required for the HDFC Bank Personal Loan
- Identity Proof: Voters ID Card, Aadhar Card, Driving License, Passport
- Address Proof: Voters ID Card, Aadhar Card, Driving License, Passport
- Bank Statement of Previous 3 Months
- Passbook of Previous 6 Months
- Two Latest Salary Slip
- Current Dated Salary Certificate with Form 16
- Passport Size Photographs
Breakdown of HDFC Personal Loan Processing Fees and Charges
The following are the list of the HDFC Bank Personal Loan Processing Fees & Charges.
| Particulars | Details |
|---|---|
| Loan Processing Charges | Rs. 6500 + GST |
| Stamp Duty & Other Statutory Charges | At Actuals |
| Legal/Incidental Charges | At Actuals |
| Amortization Schedule Charges | Rs.50 per schedule for physical copy |
| Repayment Mode Changes Charges | Rs.500 |
| Payment Return Charges # | Rs. 450 Per Instance |
| Loan Cancellation Charges | Interest will be charged from the date of disbursement till the date of loan cancellation Processing Fees, Stamp Duty, & other statutory charges will not be waived |
| Delayed Instalment Charges | 1.50% per month. |
| Premature Closure Charges | Upto 24 EMIs – 4% of Principal Outstanding Post 24-36 EMIs – 3% of Principal Outstanding >36 EMIs – 2% of Principal Outstanding Prepayment is applicable only on the Principal Outstanding Amount Part-Prepayment is allowed after the payment of the 1st EMI, Up to 25% of Principal Outstanding. This is allowed only once in a financial year and twice during the entire loan tenure. |
Protect Loan Security:
- Cover Yourself with Sarv Suraksha Pro.
- Personal accident coverage of Rs. 8 Lakhs
- Critical Illness Coverage of Rs.1 Lakh.
The premium for these policies will be deducted from the loan amount during disbursal.
HDFC Bank Personal Loan Check
You can check the status of your HDFC Bank Personal Loan with the help of the following methods. They are:- You can check the loan status by calling the numbers 1860 267 6161/6160 6161 for any financial queries on personal loans
- You can also get in touch with the bank’s branch where you applied and check on your loan status application.
- You can also check the application status online by giving the applicant's name, reference/proposal number, date of birth, and mobile number. You can key in any of the given information and get your loan status checked.
HDFC Bank Personal Loan Customer Care
Customers will have queries about personal loans like the application status, types of personal loans available, fees, and so on. That is why HDFC bank has first-rate customer services in place to resolve customer queries and help them regarding their doubts. You can reach HDFC Bank personal loan customer care via:
- The HDFC Bank personal loan customer care numbers - 1800 1600 / 1800 2600
- If you are a customer who is trying to contact from abroad, then you can call the number +9122 61606160
- Virtual assistant service at the bank website
Customers have the flexibility to contact the HDFC Bank Customer Care Via email, phone and post or by simply visiting the any of the branches. Customers can email the customer care from the HDFC Bank website itself. Customers can also call the bank on their phone banking number for resolving any queries or complaints.
HDFC Bank Personal Loan EMI Calculator
The Personal Loan EMI Calculator helps you to arrive at the exact monthly installment that is expected to pay out of your pocket every month. This will help you to plan your monthly funds accordingly. To use this HDFC Personal Loan EMI Calculator, all you need is to key in the amount of loan, tenure, and the interest rate of the loan. You can take the help of the sliders given.
Once the Calculate button is hit, a graph get displayed clearly displaying the interest and the total amount that needs to be paid at the end of the tenure. This will help you to plan your finances accordingly.
Frequently Asked Questions
1. What is an HDFC Bank Personal Loan?
An HDFC Bank Personal Loan is an unsecured personal loan that is offered by the HDFC Bank to individuals to get over personal contingencies like medical expense, marriage expenses, home renovation expenses, education, travel, and so on. The good part is that they do have the flexibility to use the funds they want and it is available without any security.
2. How can I apply for a Personal Loan with HDFC Bank?
You can apply to the HDFC Personal Loan through the Bank’s website or the mobile App or by visiting the branch directly. The process of application is simple and straightforward and can be offered digitally.
3. What is the loan amount that I can get from the HDFC Bank Personal Loan?
Salaried Individuals and Self-employed professionals have the flexibility to take a loan amount between Rs.50,000 to Rs.40,00,000 through the HDFC Bank Personal Loan.
4. What are the repayment methods offered by the HDFC Bank Personal Loan?
HDFC Bank provides the flexibility with various repayment methods. You can give Post-Dated Cheques with the bank for repayment of the loan or the easiest one will be through the ECS mandate to be given so that the loan amount along with the interest gets deducted at the beginning of the month.
5. What is the loan processing time for HDFC Bank Personal Loan?
HDFC Bank Personal Loan is available to its customers with quick disbursal provided they submit the requisite documents in a perfect manner. You are likely to get your loan within a matter of hours or days from HDFC Bank.
6. How Can I Check the Status of the HDFC Bank Personal Loan Application?
You can check the status of the HDFC Bank Personal Loan by using the Application Reference Number in the website or the mobile application.
7. Can I Prepay my Personal Loan?
Yes. HDFC Bank allows its customers to prepay their loan amount. But there will be some prepayment charges that might be levied in the range of 2% to 4% to its customers.
Hdfc Bank Personal Loan - Customer Reviews
SHEIKBUTTAN
Nice bank
Ajeet
Very good
Pawan
Very nice
Mahendra
It was very fast. Excellent.
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