Get an HDFC Personal Loan starting at just 10.50% per annum for amounts up to Rs 40 lakh and repayment periods of up to 6 years. If you already have a personal loan from another bank or NBFC, you can switch to HDFC Bank for lower interest rates. There's also the Golden Edge personal loans, a special scheme for those earning a minimum monthly income of Rs 75,000, with loan amounts ranging from Rs 10 lakh to Rs 40 lakh. HDFC Bank even provides pre-approved personal loans with instant disbursal in just 10 seconds for select existing customers.
Up to ₹40L
10.50%
Upto 6 Years
Up to Rs 4,999
HDFC personal loan interest rates begin at 10.50% per annum. The actual interest rates provided to applicants may vary based on factors such as credit score, monthly income, job profile, and employer's details.
| Banks/NBFCs | Interest Rates(p.a.) | |
|---|---|---|
| Axis Bank | 10.49% onwards | Apply Now |
| IndusInd Bank | 10.49% onwards | Apply Now |
| IDFC First Bank | 10.49% onwards | Apply Now |
| HDFC Bank | 10.50% onwards | Apply Now |
| ICICI Bank | 10.50% onwards | Apply Now |
| Kotak Mahindra Bank | 10.99% onwards | Apply Now |
| Tata Capital | 10.99% onwards | Apply Now |
| Bajaj Finserv | 11.00% onwards | Apply Now |
| Federal Bank | 11.49% onwards | Apply Now |
| DMI Finance | 12.00% - 40.00% | Apply Now |
| L&T Finance | 12.00% onwards | Apply Now |
| Kreditbee | 12.25% - 30.00% | Apply Now |
| MoneyTap | 12.96% onwards | Apply Now |
| Piramal Finance | 12.99% onwards | Apply Now |
| Aditya Birla | 13.00% onwards | Apply Now |
| MoneyView | 15.96% onwards | Apply Now |
| Cashe | 27.00% onwards | Apply Now |
Compare personal loan interest rates of all major Banks/NBFCs
Also read: Best Personal Loan Interest Rate
| Particulars | Rates | |
|---|---|---|
| Processing Fee | Up to Rs 4,999 | |
| Stamp Duty and other statutory charges | As per the laws of the state | |
| Overdue EMI Interest | 2% per month on EMI/principal overdue | |
| Legal/Incidental Charges | At actuals | |
| Amortization Schedule Charges | Rs 200 | |
| Cheque Swapping Charges | Rs 500 | |
| Cheque Bounce Charges |
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| Loan Cancellation Charges Rebooking Charges | NIL Rs 1000 | |
| Pre-payment in Part/Full | Part-payment allowed up to 25% of Principal Outstanding. It is allowed once in the financial year and twice during the loan tenure. | |
| Pre-payment Charges on Principal Outstanding/Part Payment Charges |
Salaried:
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Also read: Best Personal Loan in India
Purpose: Applicants can take advantage of the HDFC Marriage Loan to cover their wedding-related expenses.
Loan Amount: Rs 50,000- Rs 40 lakh
Tenure: 1- 5 years
Purpose: Prospective borrowers have the option to obtain Travel Loans from HDFC Bank to cover their travel expenses.
Loan Amount: Up to Rs 40 lakh
Tenure: Up to 5 years
Purpose: The Golden Edge Personal Loan is designed for individuals with a minimum monthly income of Rs 75,000. It caters to various financial needs such as home renovation, vacations, medical emergencies, weddings, and higher education.
Loan Amount: Rs 10 lakh- Rs 40 lakh
Purpose: A personal loan for home renovation helps finance expenses associated with improving your home, including kitchen remodeling, replacing old furniture, sprucing up the space, changing electrical wiring, and installing new fixtures and fittings.
Loan Amount: Up to Rs 40 lakh
Tenure: Up to 5 years
Purpose: HDFC Bank Personal Loan for Teachers is designed to address the personal needs of teachers working in private or government schools and colleges.
Loan Amount: Up to Rs 40 lakh
Purpose: Women applicants have the option to access HDFC Personal Loan for Women, specifically designed to fund personal expenses such as higher education, travel, wedding plans, emergency expenses, and more.
Tenure: Up to 5 years
Loan Amount: Rs 50,000- Rs 40 lakh
Purpose: HDFC Bank provides a Personal Loan Balance Transfer facility, allowing existing personal loan borrowers from other banks/NBFCs to transfer their outstanding loans to HDFC Bank at more favorable interest rates.
Processing Fee: Starting at Rs 3,999 + GST
Purpose: HDFC Bank Xpress Personal Loan is a fully digital, instant personal loan facility designed to cater to the personal needs of applicants. Pre-approved customers of HDFC Bank can enjoy rapid disbursal, with approval and funds available in as little as 10 seconds
Tenure: Up to 5 years
Loan Amount: Up to Rs 40 lakh
Purpose: Salaried individuals can apply for Personal Loans for Salaried from HDFC Bank to fulfill their personal needs.
Loan Amount: Rs 50,000- Rs 40 lakh
Tenure: Up to 5 years
Purpose: HDFC Bank Personal Loan for Government Employees is tailored to address the personal needs of individuals employed in government sectors.
Loan Amount: Up to Rs 40 lakh
Tenure: Up to 6 years
Also read: Best Personal Loan Status
1. Eligibility: Individuals working in private companies, public sector undertakings, and government bodies (central/state/local) qualify for HDFC Bank Personal Loan.
2. Age Criteria: The applicant should be at least 21 years old at the time of applying for the loan and should not exceed 60 years at the time of loan maturity.
3. Work Experience: Applicants need a minimum total work experience of 2 years, with at least 1 year of experience with their current employer.
4. Income Requirements: For those with a salary account at HDFC Bank, the minimum monthly income should be Rs 25,000. If the applicant does not have a salary account with the bank, the minimum monthly income required is Rs 50,000.
Additionally, HDFC personal loan eligibility may also depend on the credit score of its personal loan applicants.
1. Eligibility: Employees of private limited companies and public sector undertakings are eligible for HDFC Golden Edge Personal Loan.
2. Age Criteria: Applicants should be at least 21 years old at the time of applying for the loan and should not exceed 60 years at the time of loan maturity.
3. Minimum Monthly Income: The minimum monthly income required to avail HDFC Golden Edge Personal Loan is Rs 75,000.
4. Work Experience: Individuals with a total work experience of at least 2 years, including a minimum of 1 year with the current employer, can avail the Golden Edge Personal Loan.
Also read: Best Personal Loan Eligibility
To apply for a personal loan with HDFC, you'll typically need the following documents:
Also Read: Best Personal Loan Documents Required
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HDFC Bank typically processes and disburses personal loans within four working days from the application date. Additionally, the bank provides pre-approved instant personal loans to eligible customers, ensuring funds are disbursed within 10 seconds, and requiring no documentation.
Maintaining a salary account, savings account, or establishing any deposit or lending relationship with HDFC Bank can enhance your chances of securing a Personal Loan at more favorable interest rates. Nevertheless, HDFC Bank takes various factors into account, such as your geographic location, monthly income, existing loan obligations, credit score, employer's profile, and other relevant criteria when assessing your eligibility for a personal loan.
Yes, foreclosure of HDFC Bank personal loan is allowed, after 12 months of availing the personal loan. The foreclosure charges go up to 4% of the outstanding principal amount.
Also read: Best Personal Loan Balance Transfer
For HDFC personal loans, you're allowed to make partial payments only after completing 12 monthly EMIs. You can make part-prepayments up to 25% of the outstanding principal amount, and this option is available once per financial year and twice throughout the loan tenure.
HDFC Bank considers a minimum credit score of 650 for availing personal loan.
Also read: Best Personal Loan Salaried Employees
To check the status of your HDFC Bank Personal Loan application, you have both online and offline options. Online, you can go to the HDFC Bank official website, click on the "Track your application" option under the "personal loan" tab, fill in the necessary details, and submit. The status will be displayed on the screen.
Alternatively, you can call HDFC Bank personal loan customer care or visit the nearest HDFC Bank branch to inquire about your application status.
Repaying your HDFC Bank Personal Loan is done through monthly installments, commonly known as EMIs. You have the option to provide post-dated cheques for repayment. Additionally, if you're an existing savings or current account holder, you can set up Electronic Clearing Service (ECS) or a standing instruction for automatic deduction. To calculate your EMI amount, you can use the HDFC Personal Loan EMI Calculator, which helps you determine the monthly installment you need to pay.
HDFC Bank provides instant personal loans exclusively to its pre-approved existing customers, determined by their credit profile. These eligible customers can conveniently apply for HDFC instant personal loans through the official website or mobile app, requiring no additional documentation. The application process is also available on online financial marketplaces such as mybankingtips.com To check eligibility, existing HDFC Bank customers can visit the official website or click on a provided link to ascertain their eligibility for pre-approved personal loans from HDFC Bank and other lenders.
