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HDFC Bank Personal Loan

Personal Loan Features

Eligibility Criteria Details
HDFC Bank Personal Loan Interest Rate 9.99% p.a.
Lowest EMI per lakh Rs 2124
Tenure 12 to 60 months
HDFC Bank Personal Loan Processing Fee 1% to 2% of Loan Amount
Prepayment Charges Allowed after 12 Months (2 – 4 %)
Part Payment Charges Allowed after 12 Months (2 – 4 %) 
Min Loan Amt ₹ 50,000
Max Loan Amt ₹ 75 Lakh

What is HDFC Bank Personal Loan?

HDFC personal loan is the best way to fulfill your needs. Don’t have enough money to do the stuff you’ve always wished for? Don’t worry, there is an option of “Personal Loan” that can actually help you get more funds to get your things done. You might need this type of loan to travel somewhere, or in case of any medical emergency in the house, or to repay any other loan, a family occasion, etc.

Now get loan disbursal with the hassle-free process and in less amount of time. HDFC bank personal loan is an easy way of taking a loan. It is an unsecured type of loan. To get more insight into Personal Loan, keep reading.

Why Book HDFC Bank Personal Loans?

BookMyLoans helps you to choose the most appropriate option of bank, so that you get a choice to select the right bank for your loan. You just have to fill up a simple form that is displayed on our website of HDFC bank personal loan  and our customer care champions will get in touch with you.

Eligibility criteria for Personal Loan:

CIBIL Score/Credit Score: It is a track of your credit history. All of the payments that you have done so far is recorded through this. Make sure to maintain your CIBIL Score.

Salary: One of the essential factors that is considered while sanctioning of your loan amount is your salary. your net salary is checked just to ensure your capability of repaying the loan money.

Location-specific: Personal loan is location specific. Hence, you get loan disbursal only from the bank branches that are within 25 km of range from your current location.

Age of person: The age of the person must be at least 21 years or above. The age range is between 21-60 years.

Company’s profile: For both salaried and self-employed applicants, their company’s profile is checked.

Stability: You must have a stable lifestyle according to the bank so that there are no rejections for your loan.

Documents required for HDFC bank personal loan

It is an important step in the process of sanctioning a personal loan. Always ensure that the documents you provide are genuine because most of the rejections are based only on fraud documents that people provide. so if you are intrested to take HDFC bank personal loan all you need to follow the process of our HDFC bank personal loan .

Keep the following documents:

Documents required in case of a salaried applicant:

Salary slips of last three months

Bank statements that are six months old

PAN Card is a must

Adhar Card is also required

Residence proof (self-owned or rented or company provided) is necessary

Two passport size photographs

*NOTE: In case of people living in rented apartments, rent agreement is required and must be attached along with other documents.

Documents required in case of a self-employed applicant:

All financials are considered, including the ITR documents and files of the company.

PAN Card

Adhar Card

Residence Proof (as mentioned above)

Two photographs that are passport size are required

HDFC bank Personal Loan Interest Rate

Different interest rates are available on the personal loan. HDFC bank offers the best interest rate on personal loans, so while opting for a loan, try to search and compare banks. The minimum interest rate that HDFC provides to its customers is @ 9.99% (in case of the salaried applicant) and @ 13% (in case of self-employed applicant). The basic idea behind personal loan HDFC is that this bank believes in giving quick disbursal on loans. You might even get your loan amount disbursed within 24 hours depending on your loan amount.

How to calculate your monthly EMI?

Now with fewer efforts and with a single click, you can calculate your personal loan EMI with the help of HDFC loan EMI Calculator. You are now independent to know what will be the fixed amount you have to pay to the bank every month after taking a loan.

With the help of HDFC personal loan EMI calculator, you get to know whether you are capable of repaying the loan amount or not.

Basic FAQs about HDFC bank personal loan 

Whenever a person is interested in taking a personal loan, many questions come in his mind. So the questions and answers below might help you in solving your queries.

Who can apply for a HDFC bank personal loan?

A self-employed or a salaried person can opt for this type of loan.

How can I apply for HDFC bank personal loan ?

Visit any nearby HDFC bank branch or go to our website BookMyLoans to apply for a personal loan online.

What is the tenure of a personal loan?

This type of loan is available for a minimum period of 1 year to a maximum period of 5 years.

How do I escape from rejection on my loan?

If a person provides original documents and everything goes well with the verification of the person, then he can escape from rejections on loan.

What happens when an applicant fails in repaying his loan amount?

In that case, your CIBIL Score is affected a lot.

Can I take more than one Personal Loan at a time?

No, you cannot take more than one personal loan when you are already undergoing one loan.


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