HDFC Bank Personal Loan   

HDFC Bank offers customers personal loans starting from as low as Rs.50,000 to as high as Rs.40 lakhs for a tenure of up to 5 years (60 months). With HDFC personal loans available in a click on Fincity with easy EMI plans, now you can easily handle any emergency life throws at you. 

  • Interest Rate starting from 11.25% 
  • Loan Amount up to Rs.40 lakhs 
  • Loan Tenure up to 5 years 
  • Processing Fee up to 2.5% of loan amount + GST 
HDFC Bank Personal Loan Summary  
Interest Rate 11.25% onwards 
Loan Amount Up to Rs.40 lakhs 
Loan Tenure Up to 5 years 
Processing Charges Up to 2.5% of loan amount + GST 

Note: The above-mentioned rates are subject to change at the discretion of the bank or on the basis of RBI directives.   

Features of HDFC Personal Loan 

Below we list out features of HDFC Bank Personal Loan at a glance: 

Loan Amount: 

HDFC Bank offers a flexible loan amount starting from just Rs.50,000 and going up to Rs.40 lakhs. You can apply for the required personal loan amount online within seconds.

Interest Rate: 

HDFC Bank Personal Loan interest rates start from 11.25%. However, the interest rate available to you will be decided by the bank based on a number of factors such as your credit score, credit history, age, employment type, etc. Make sure to maintain a good credit score to be eligible for a competitive interest rate.

Loan Tenure

Loan tenure for HDFC Bank Personal Loans range from 12 months to 60 months. This flexible tenure allows borrowers to choose a loan duration that is comfortable for them and allows them to handle other financial responsibilities while repaying the loan. 


Employees of private limited or public sector companies, doctors and CAs are eligible for a personal loan with HDFC Bank. Borrowers should be a minimum of 21 years of age and a maximum of 60 years at the time of loan maturity. They should earn at least Rs.15,000 per month. For people living in metropolitan cities like Delhi, Mumbai, Bangalore, Hyderabad, Chennai, Ahmedabad, Kolkata, Pune, and Cochin, the required minimum monthly income is Rs.20,000. 

Minimum Documentation: 

Getting an HDFC Personal Loan is easy and requires minimum documentation. 

Loan Options: 

With online options such as Fincity at your fingertips, you can get an HDFC Bank Personal Loan pre-approved in no time! You can simply check your loan eligibility here, and apply here

Personal Loan Security:

It is easy to secure your HDFC Personal Loan with the Sarv Suraksha Pro. Its credit shield covers the entire outstanding loan amount, accidental hospitalization costs, accidental death, permanent disability and critical illness up to a certain amount. 

Note: When you opt for a personal loan insurance with HDFC Bank, the premium for the policy gets deducted from the loan amount disbursed into your account.       

Personal Loan Balance Transfer: 

If you are paying a high interest rate on your current personal loan with another bank, you have the option to transfer the outstanding loan balance to HDFC Bank at a lower interest rate and save on your overall loan cost. When you opt for a personal loan balance transfer, you additionally get the benefit of a loan top-up over and above the personal loan amount. 

 HDFC Personal Loan Eligibility 

To be eligible for an HDFC Bank Personal Loan, 

An Applicant must be:  

  • A salaried doctor, CA, an employee of private limited companies, an employee from public sector undertakings including central, state, and local bodies 
  • Between the ages of 21 and 60 years of age. 
  • Working for at least 2 years and at least a year with the current organization. 
  • Getting a minimum salary of Rs.20,000 per month if they live in Delhi, Mumbai, Bangalore, Hyderabad, Chennai, Pune, Ahmedabad, Kolkata, and Cochin. The minimum salary requirement for borrowers living in other cities is Rs.15,000 per month. 

Find out how much HDFC Bank personal loan you qualify for in a matter of clicks! Use the Fincity Personal Loan Eligibility Calculator and enter a few basic details to know now!

HDFC Bank Personal Loan Interest Rates 

HDFC Personal Loan interest rates start from 11.25% and go up to 21.50%. The exact rate an applicant qualifies for is influenced by a number of factors such as their credit score, repayment history age, loan amount and salary. 

Note: The rates mentioned above are subject to change at the discretion of the bank or on the basis of RBI directives. 

How do I get the Best HDFC Personal Loan Offer? 

After you apply for a personal loan, HDFC will assess your profile based on your applied loan amount, financial obligations, current income, credit score and more. Below are a few factors that determine the personal loan interest rate you may be eligible for: 

Loan Amount: This is the personal loan amount you apply for. Whether you can avail of a high loan amount primarily depends on your credit score. HDFC Bank generally sanction anywhere from Rs.50,000 to Rs.40 lakhs. 

Loan Tenure: Your loan tenure is the duration over which you repay the borrowed loan amount via EMIs (Equated Monthly Installments). HDFC Personal Loans offer a loan tenure starting from 12 months going up to 60 months. The longer the tenure, the lower your monthly EMI. 

Income: A higher salaried borrower has a higher repayment capacity and is considered a low-risk borrower by lenders. This, in turn, translates to a lower interest rate compared to the interest rate available to a low-income borrower. So, essentially, if your net monthly income is high with minimum debts and financial obligations, your personal loan interest rate and EMIs will be low. 

Employer Category: HDFC Bank has an internal list that ranks companies from high to low categories based on their company’s reputation, size, relationship with the bank, etc. If you are a borrower working in a company that falls in a higher category, you will be eligible for a lower interest rate. 

Repayment Capacity: A number of debts or financial liabilities to your name indicates financial stress. Before approving your loan application, HDFC Bank checks your income and your credit report and evaluates your repayment capacity. The lender looks into your previous bill payments, defaults in your credit report to get an understanding of your credit behaviour. 

Existing Relationship with the Bank: Having an existing relationship with HDFC Bank by means of a salary or savings account can help make your loan application get approved faster. Lenders generally give first preference to their existing customers. In fact, if you have managed your account well and have a history of paying all your dues on time, you may even get a lower interest rate on your personal loan. 

HDFC Personal Loan Top Up 

Every borrower with an existing personal loan with HDFC can avail of a top-up loan with the bank. However, HDFC will check if the borrower has a regular repayment track record on their current HDFC personal loan. Top-up loans are generally available at the same rate as the borrower’s person loan. 

HDFC Personal Loan Processing Fees & Other Charges 

Belwo is a list of the processing fee and other charges levied by HDFC Bank when you apply for a Personal Loan. 

Loan processing charges Up to 2.50% of the total loan amount borrowed (subject to a minimum of Rs.2,999 & a maximum of Rs.25,000 for salaried customers) 
Prepayment in Part or full 
(Refer FAQ section for detailed terms) 
Salaried: No pre-payment in part or full allowed until repayment of 12 EMIs is complete Part-payment allowed up to 25% of principal outstanding. This is allowed only once with Salaried: 13 to 24 months in a financial year and twice during the entire tenure of the loan. 
Pre-payment charges 
(on principal outstanding) /Part-payment charges 
[on part-payment amount] 
Salaried: 13 to 24 months – 4% of principal loan outstanding 
25 to 36 months – 3% of principal loan outstanding 
More than 36 months – 2% of principal loan outstanding 
Overdue EMI interest 2% per month on EMI amount overdue 
Floating rate Not applicable 
Charges for opting for fixed rate and changing from floating rate of interest Not applicable 
Stamp duty & other statutory charges As per state laws 
Cheque swapping charges Rs. 500 + GST 
Amortization schedule charges Rs. 200 + GST 
Loan cancellation charges NIL (However, an interest will be charged for the interim period i.e., the period from day of loan disbursal up to day of loan cancellation. Also, loan processing fees will be retained.) 
Cheque bounce charges Rs. 550/cheque bounce + GST 
Legal/incidental charges As per actuals 

Note: The rates mentioned in the table are subject to change at the discretion of the banks without prior notice. 

Personal Loan EMI Calculation 

With the plethora of loan products Fincity presents you with, finding the right rate match is easier than ever! Simply enter the required details in the Fincity Personal Loan EMI calculator and compare EMI schedules for all shortlisted schemes. Finally, zero in on the loan scheme that makes repayment easy for you.


How HDFC Personal Loan Stands Compared to Other Lenders 

Below we compare HDFC Bank Personal Loan features against that of other reputed banks. 

ParticularsHDFC BankBajaj FinservAxis BankICICI Bank
Interest Rate 11.25% to 21.50% Starting from 12.99% 15.75% to 24% 11.50% to 19.25% 
Tenure 12 to 60 months 12 to 60 months 12 to 60 months 12 to 60 months 
Loan amount Upto Rs. 40 lakh Upto Rs. 25 lakh Rs. 50,000 to Rs. 15 lakh Upto Rs. 20 lakh 
Processing Fee Upto 2.50% of the loan amount Up to 3.99% of the loan amount Upto 2% of loan amount plus GST Upto 2.25% of loan amount plus GST 

HDFC Bank Personal Loan Documents Required 

Here are the main documents individuals will need while applying for an HDFC Bank Personal Loan. 

  • PAN Card copy (Mandatory) 
  • Proof of Identity: A Copy of your Passport, Driver License, Voter ID card or Aadhaar 
  • Proof of Address: Copy of your Passport, Driving license, Voter ID card or Aadhaar card, a copy of recent utility bill, LPG Book copy, etc. 
  • Proof of End Use (communicated by HDFC Bank) 
  • Certified Bank statements of the previous 3 months (also Passbook of the last 6 months) 
  • Last 2 months’ salary slips/Latest salary certificate with Form 16 

Note: All required documents must be self-attested before submission and may slightly differ.  

HDFC Bank Personal Loan Scheme Benefits 

HDFC Bank offers flexible loan amounts of up to Rs.40 lakhs with a tenure that extends up to 5 years. A personal loan with HDFC requires minimal documentation and also come with the personal loan balance transfer facility. An HDFC Person Loan customer also has the option to insure their loan at a nominal premium.  

How to Apply for HDFC Personal Loan with Fincity? 

You can apply for an HDFC Personal Loan on Fincity by simply following the steps below: 

1) Click and sign up. 

2) Click ‘Personal Loan’ under Loan Type. 

3) Enter the required personal, professional and income details, and upload necessary documents.  

4) Click Submit. 

How to Apply for Personal Loan on HDFC Portal  

Here are the steps to follow to apply for an HDFC Personal loan on the bank website: 

1) Visit HDFC Bank’s official website. 

2) Click on the ‘Apply Easily’ button on the page. 

3) Enter your mobile number, check the authorization box and click continue. 

4) Enter all the required details and upload documents as required. 

5) Click Submit. 

How to Check Your HDFC Personal Loan Application Status on Fincity 

Checking you HDFC loan application status on Fincity is easy. Just follow these steps: 

  • You can see your active applications on the Fincity dashboard. 
  • Click ‘View Application’ below the one whose status you wish to check. 
  • You can see the application status on the top-right section of the page. 

How to Check Your HDFC Personal Loan Application Status on HDFC Portal 

Here’s how you can check the status of your personal loan application on the HDFC website.

  • Visit the HDFC Loan Tracking Page. 
  • Enter your name, reference number, mobile number/date of birth, and click Submit. 
  • You can check the status of your HDFC personal loan application here. 

Things to Remember Before Applying for an HDFC Personal Loan 

Here are some things to keep in mind before you apply for an HDFC Personal Loan. 

Try and Keep a High Credit Score: A credit score of 700 and above is considered good and increases your chances of getting a high loan amount at a competitive interest rate. A good credit score is an indicator of healthy credit behaviour and reflects that the borrower knows how to manage their finances well. A lender feels comfortable offering a personal loan to an applicant with a higher creditworthiness. 

Keep Debts to a Minimum: It’s advisable to pay off all your existing debts and credit card dues or at least lower your debts to a minimum. HDFC Bank looks into your debt-to-income ratio to get a clear picture of your repayment capacity. A higher number of debts takes away a good portion of your income and lowers the amount available for loan EMIs. The lower your debts are, the higher your credit score and creditworthiness is. This also gives you the benefit of getting a loan approved at a lower interest rate.  

Try to Avoid Applying for Personal Loans with Multiple Lenders Simultaneously: When you apply for a loan, the lender raises an enquiry for your credit report. Every enquiry effects your credit score negatively. It also makes you appear credit hungry to lenders and reduces you chances of getting future loan applications approved. Besides, a lower credit score will translate to a higher interest rate. 

Pay Your Dues on Time: Paying your credit card bills and loan EMIs on time helps improve your credit score. Try and be careful with your credit utilization and discipline with your due repayments. A good credit pattern makes you a good candidate for an HDFC Personal Loan. It indicates to the bank that you are responsible and will continue to pay your EMIs for the new loan on time as well. 

Borrow as Much as You Need: Your EMI amount is directly proportional to the loan amount you borrow. Taking a huge loan will unnecessarily cause pressure on your finances, and leave you with very little to handle other expenses and emergencies. It is best to choose your loan amount wisely so that you can handle it without trouble. A high loan amount with a low income increases your chances of default, and a default pulls down your credit score. This reduces your chances of getting a loan or credit card at a good rate in the future. 

Choose Your Loan Tenure Carefully: A shorter loan tenure leads to a lower interest rate but a higher EMI amount every month. If you have the repayment capacity and can handle a higher EMI without stress, it is definitely recommended that you opt for a shorter tenure. However, if you are burdened with other expenses or prefer a lower EMI payout every month, you should go for a longer tenure. 

Get instant personal loans up to Rs.50 lakhs with no guarantor required and 24-hour disbursement on Fincity! Connect with our expert loan advisors for free at and lock the lowest rate loan right now!


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