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HDFC BANK Personal Loan

HDFC Bank Personal Loan Interest Rates start from 10.50% - 21% p.a. Get instant Personal Loan up to Rs. 40 lakhs online from HDFC for multiple purposes. With minimum documents and easy to meet Personal Loan Eligibility Criteria, it is completely hassle free to apply for HDFC Personal Loan. You can instantly calculate EMI for the loan using EMI Calculator and get instant approval for an attractive interest rate on personal loan.

HDFC Personal Loan Details

Loan Feature Details 
Interest Rate 10.50%
Purpose  All personal expenses including travel, medical emergencies, education, wedding, and travel. 
Loan Quantum  Rs. 50,000 - Rs. 40 Lakhs
Eligibility age
  • Minimum age: 21 years
  • Maximum age: 60 years at the end of loan tenure
Minimum income required Rs.25000 per month 
Repayment tenure  Up to 7 Years
Processing Fees Up to Rs. 4,999 or up to 2.5% of loan amount
Prepayment Charges  4% of principal outstanding for 13 - 24 months, 3% of principal outstanding for 25 - 36 months, and 2% of principal outstanding for above 36 months

Features & Benefits of HDFC Personal Loan

HDFC customers can get HDFC Pre-approved Personal Loan in just 10 seconds and regular loans in under 4 hours 

  • Get a response within one day of submitting your HDFC Personal Loan Document.
  • Customers have the option of getting personal loan security to cover the outstanding loan amounts.
  • Balance transfer option available at interest rates as low as 10.50%
  • Get 24x7 assistance for any queries on your personal loans. 
  • Pre-approved HDFC Bank customer can get funds in 10 seconds.

You can also Apply for Bank of Baroda Home Loan and check EMI, Interest rate and Eligibility Online to avail offer.

HDFC Personal Loan Interest Rate

HDFC personal loans are one of the best funding options available in the market right now to finance all your personal as well as business requirements. Find out the updated HDFC personal loan interest rate and apply online instantly for the loan. HDFC Bank Personal Loan Interest Rates are affordable and that result in lower EMIs. The current HDFC personal loan interest rate starts from as low as 10.50% p.a., depending on the borrower’s Credit Score, income, age, loan amount and other eligibility factors.

How to Apply for an HDFC Personal Loan

To apply for an HDFC Personal Loan, you just need to complete a few steps: 

  • Check your HDFC Personal Loan Eligibility using the calculator.
  • If you fulfill the criteria, click on the ‘E-connect’ button.
  • Fill up the form and upload the necessary documents.
  • Submit the form and the loan will be disbursed within a few hours of approval.

Also read: Which is better NBFCs Vs Bank for personal loan?

HDFC Bank Personal Loan Eligibility Criteria

  • Indian residents, who are employees of any private limited company or public sector undertaking (central, state or local bodies), can apply.
  • Age of the applicant must be between 21-60 years
  • The minimum work experience required is at least 2 years, and the applicant must have served with their current employer for a minimum of 1 year.
  • The minimum net monthly income required is Rs. 25,000 for HDFC Bank salary account holders and Rs. 50,000 for Non-HDFC Bank salary account holders.
  • 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 increase your HDFC Personal Loan eligibility.

HDFC Bank Personal Loan Document Required

  • KYC Documents
  • Income documents
    • Last 3 months Bank Statements/ Passbook of last 6 months

HDFC Personal Loan Verification Process

  • Once you have filled the Online Personal Loan Application form on MyMoneyMantra, your personal loan application will be processed by the bank.
  • HDFC bank will go through your application form and on being completely satisfied, it will give you a verification call.
  • Once the Personal Loan Verification Process is completed, the required documents will be picked up by our personal loan experts from your home or office.
  • On submitting all applicable documents successfully, they will be checked for further verification by the bank.
  • After verification, the bank will call you to confirm the final loan amount, personal loan interest rate, and repayment tenure.
  • Once the bank gets the confirmation from you, the loan amount will be disbursed into your bank account.

How to Calculate HDFC Personal Loan EMI?

Calculating your HDFC Bank Personal Loan EMI is easy with HDFC Personal Loan EMI Calculator available on our website. MyMoneyMantra provides you with a free online EMI Calculator using which you can get the EMI details. The calculator also helps in assessment of your loan eligibility. You just have to enter a few details, such as the HDFC Personal Loan Interest Rate, loan amount, and tenure, to get the result. 

MyMoneyMantra’s EMI Calculator gives you the complete amortization schedule.

Here’s an example:

Loan amount required Rs. 10 Lakhs
Tenure of repayment 7 years
Interest Rate applicable 10.75% - 25% p.a.
EMI to be paid each month 16,991
Total interest outgo 4,27,267
Total amount to be paid to the bank 14,27,267

Here’s the complete amortization schedule for the above illustration:

Year Opening Balance Amount paid by customer (EMI*12) Interest paid during the year Principal paid during the year Closing Balance
1 1000000 84956  44066  40891  959109
2 948970  203895  97987  105908  853201
3 853201  203895 86024 117872  735329
4 735329  203895  72709 131186 604143
5 604143  203895 57891  146005 458138
6 458138 203895  41398  162497  295641
7 295641  203895  23043  180852 114789
8 114789  118939  4150  114789  0

How to Login at HDFC Personal Loan Portal?

After you successfully register for HDFC personal loan online, follow the steps mentioned below for HDFC personal loan login. 

Steps for New Customers

  • Visit HDFC ELOANS login portal.
  • Enter login ID and password.
  • Click on ‘Log In’ tab to avail the various services, including personal loans, offered by HDFC Bank on this online portal.

Steps for Existing Customers

  • Visit the net banking portal of HDFC Bank.
  • Enter your ‘User ID’ and the click on ‘Continue’.
  • Enter your net banking password or IPIN and then click on ‘Login’.
  • A web page will appear to change your net banking IPIN when you will login for the first time.
  • Change the IPIN and click on ‘Confirm’ tab. The IPIN should be alpha-numeric having 6 to 15 characters.
  • On successfully completing the password changing process, a web page will appear where you can enter the user ID and the new password to log into the HDFC net banking portal to check your personal loan details.

HDFC Personal Loan Customer Care

You can connect with HDFC Personal Loan Customer Care through following ways:

Calling Number : 1800 202 6161 / 1860 267 6161 (accessible to all over India)

Mailing Address: 

HDFC Bank Ltd. 
Empire Plaza I, 1st Floor, 
LBS Marg, Chandan Nagar,
Vikhroli West, Mumbai

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