HDFC Bank Personal Loan Interest Rates

Depending on the applicant’s credit history, monthly income, inflation, RBI rates and more, the interest rates attached with the HDFC Personal Loan are defined. The interest rates for the HDFC Personal Loan ranges from 15.75-20% and only the salaried individuals are applicable to avail these rates.

Interest Rates attached with HDFC Personal Loan as per 2017:



Interest rate

15.75% to 20% on a yearly basis

Loan Amount

Maximum: Rs.15 lakhs

Minimum: Rs.50,000/-

Loan Tenure

Maximum: 60 Months

Minimum: 12 Months

Lowest EMI

Rs.2405/- (Per lakh, for the maximum tenure of 60 Months)

Processing Fee

2.50% of the loan amount (subject to a maximum of Rs.25000/- and minimum of Rs.1000/-)


Minimum= 21 years

Maximum= 60 years

Prepayment Charges

4% of principal outstanding loan amount, if prepaid within 1-2 years.

3% of principal outstanding loan amount, if prepaid within 2-3 years.

2% of the principal outstanding loan amount, if paid within 3 years.  

No prepayment can be made before 12 EMIs are repaid.

Foreclosure Charges


Key factors to know before applying for the HDFC Personal Loan:
  • The applicant, throughout his/her tenure, is required to pay the fixed amount of interest for the personal loan.
  • According to the bank’s market conditions, liquidity requirements and base lending rate, the floating interest rate attached to the personal loan will change.
  • The applicant doesn’t require providing collateral, security or a guarantor in order to avail the benefits of the personal loan from HDFC Bank.
  • As RBI is liable to make certain changes to the repo rate, there is a possibility that the rate of interest attached to your loan will also rise. Thus, it is necessary to consider the repo rate before availing for the loan.
  • Only the salaried individuals can apply for a personal loan and based on their credit score; the interest will be decided.

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