HDFC Bank Personal Loan

HDFC Bank star star star star star 4.25 / 5.04 users

The HDFC bank offers personal loans to people helping them meet their personal expenses and dispense them at leisure. The eligibility to get the HDFC personal loans is pretty simple. Personal loans interest rates in HDFC bank can change from time to time, but is the best possible rate in India. At Loanbaba.com, you can check HDFC bank personal loan eligibility and HDFC bank EMI calculator.

HDFC Bank Personal Loan Details Updated on 20th November 2018
Loan Amount Rs.50,000 to Rs.4,000,000
Loan Tenure 5 Years
Interest Rate 10.99% to 20.75%

Why Choose HDFC Bank Personal Loan?

  • The advantage of this loan is its same interest throughout the duration.
  • Simple documentation is needed and the personal loan in HDFC Bank then gets processed faster.
  • The customers can pay off the loan in easy instalments every month and can repay it via auto debit or PDC or ECS.
  • You can check out HDFC Bank personal loan eligibility and HDFC Bank Personal Loan EMI calculator at Loanbaba.com.

Features of Personal Loans at HDFC Bank

The following key points will help you understand the features and benefits of the personal loans:

  1. Personal Loan in HDFC Bank: Amount
  2. The limit of the loan amount starts from Rs 50,000 and can range up to Rs 15 lakhs. The actual amount that can be disbursed shall depend on criteria such as age, credit history, other loans taken, etc.

  3. Tenure for HDFC Bank Personal Loan
  4. The tenure of the loan ranges from 12 to 60 months. However, in case of the self-employed people, the loan tenure ranges from 12 – 36 months.

  5. HDFC Bank Personal Loan Documents

One has to submit documents such as the salary certificate with Form 16 or the latest pay slip.

  • The bank statement of past 3 – 6 months is important.
  • Documents showing your identity proof or the address proof are necessary.

Why Apply for HDFC Bank Personal Loan on Loanbaba.com?

At Loanbaba, you can compare and apply for personal loans online. You can check out several personal loan schemes by HDFC Bank and go through all their features such as quantum of loan, amount of loan, processing fees, interest rates, and other conditions, at one page. You can also quickly apply for HDFC Bank Personal Loan online on our website without having to visit the bank branch. It is simple and easy, and you can upload all the required documents online. Disbursal is done at the soonest, and you can keep a track of your loan application on the website.

How to Apply for HDFC Bank Personal Loan on Loanbaba?

You can apply for HDFC Bank personal loan or any other bank/NBFC personal loan at Loanbaba.com.

HDFC Bank Personal Loan Interest Rates

Personal Loan HDFC Bank interest rate (fixed) ranges between 10.99% and 20.75%. Keep a check on this page to note the updated HDFC Bank personal loan interest rate for the current year.

HDFC Bank Personal Loan Eligibility Calculator

Personal loan eligibility may differ from one candidate to another. You can also use free-of-cost HDFC Bank personal loan eligibility calculator at Loanbaba.com. The eligibility criteria for HDFC Bank’s personal loan are discussed below:

  • The applicant for personal loan HDFC needs to meet the age requirement and possess all necessary identity and income proof required to apply for the loan.
  • He/she meet the requirement for credit score and should not be under too many debts.

Types of HDFC Bank Personal Loans

HDFC Bank has personal loan schemes for professionals and salaried individuals. The amount taken as loan can be used for either multiple or specific purposes.

HDFC Bank Personal Loan FAQs

Below provided are important questions about personal loan HDFC Bank.

  • addFAQs
    1. What is the processing fee charged for HDFC personal loan?
    2. A processing fee up to 2.5 % is applicant on the loan amount. However, the minimum amount of fee applicable is Rs 1000 and the maximum being Rs 25,000 (salaried people).

    3. What are the foreclosure criteria for personal loan HDFC bank?

    In case of the salaried people, the borrowers cannot repay their loan before 12 EMI payments. However, after this period, the loan can be repaid with the penalties applicable as follows:

    • In case of closing the account within 13 – 14 months, the prepayment charges of 4% shall apply on the outstanding value.
    • In case of closing the account within 25 – 36 months, the prepayment charges of 3% shall be applicable on the outstanding value.
    • In case of closing the account after 36 months, the prepayment charges of 2% shall be applicable on the outstanding value.

HDFC Bank Personal Loan Review


Personal Loan
star star star star star 14.0/5
I stand by with HDFC Bank for the personal loan in Mumbai. My experience was nice. Verification process was also done in time and I received the amount within a short time.
Mumbai November 19, 2018
Personal Loan
star star star star star 15.0/5
Personal loan in Pune was approved by HDFC bank at a great interest rate! I was able to secure the loan for a desirable tenure.
Mumbai November 19, 2018
Personal Loan
star star star star star 14.0/5
As I was holding a savings account with HDFC bank they gave me personal loan for which the entire documentation process was very less. It was a quick disbursement procedure.
Mumbai November 18, 2018
Personal Loan
star star star star star 14.0/5
My experience with HDFC bank for personal loan in Bangalore was a good one. My schedule was so hectic that I chose to apply online for the loan at loanbaba and was not disappointed by either of their service. Both loanbaba and HDFC were professional in their service.
Mumbai November 16, 2018

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