HDFC Bank offers personal loans of up to ₹40 Lakhs, providing a convenient solution for both planned expenses and emergencies. With a simple online application process, accessing funds has become quick and hassle-free. The loan also comes with flexible repayment options, allowing you to choose a tenure of up to 6 years. This makes it easier to manage repayments according to your financial situation.
HDFC Bank Personal Loan interest rates and charges are as follows:
Rate of Interest |
10.75% p.a. to 24% p.a. (Fixed Rate) |
Processing Fees |
Up to ₹6,500 + GST |
Foreclosure Charges |
|
Stamp Duty & Other Statutory Charges |
As per state laws |
Late Payment Charges |
18% p.a. on overdue amount + GST |
*Disclaimer: The mentioned rates are subject to change at the lender’s discretion.
Features and Benefits of an HDFC Bank Personal Loan
Effortless Application
Apply for the loan online on HDFC Bank’s official website to enjoy a seamless application process
High Loan Amounts
Borrow amounts as high as ₹40 Lakhs to fulfil all your financial needs
Pre-approved Offers
Benefit from personalised pre-approved loan offers, if you are an existing customer of the bank
Quick Disbursal
With pre-approved offers, you can receive the sanctioned funds in just 10 seconds
Fulfil the following criteria to be eligible for a personal loan from HDFC Bank:
You should be either a private or a public sector employee
You must fall under the age bracket of 21 to 60 years
You must have a minimum of 2 years of work experience. Of this, at least 1 year should be with the current employer
You should have a minimum monthly income of ₹25,000
You should have an excellent credit score
In the case of pre-approved personal loans, you are not required to submit any documents. For non-pre-approved loans, make sure to keep the following documents handy:
KYC Documents:
Passport
Voter ID
Driving licence
Aadhaar card
Bank statements of the last 3 months
Salary slips of the last 2 months
Form 16
Follow these simple steps to apply for this personal loan:
Visit HDFC Bank's official website
Select the ‘Personal Loan’ option under the ‘Borrow’ tab
Click on 'APPLY ONLINE'
Select your employment type - salaried or self-employed
Enter your mobile number and date of birth, then click on ‘View Loan Eligibility’
Enter the generated OTP and click on ‘Submit OTP’
Following this provide your other basic details as requested and enter the loan amount you need
Verify the details and submit the application
Available offers will be displayed on the screen that you can choose from.
Note: Submit the required documents for verification, and upon completion, the bank will reach out to you for further proceedings.
Here are the points of contact you can utilise to reach out to the customer care team of HDFC Bank:
Address: HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400 013
Toll-free Number: 1800 1600 and 1800 2600
E-mail ID: support@hdfcbank.com
Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.
Frequently Asked Questions
What is the maximum personal loan amount sanctioned by the HDFC Bank?
Generally, you can borrow up to ₹40 Lakhs with this loan. Furthermore, based on your requirements, you can secure amounts of up to ₹75 Lakhs. However, this is subject to your eligibility for the loan.
Is there an age limit to apply for an HDFC Bank Personal Loan?
Yes. Your age should be over 21 and under 60 years to be eligible for this loan.
How much time does the approval process take?
Generally, the approval process takes up to 15 days. However, an instant loan application may be approved within 3 days.
How can I get in touch with HDFC Bank’s customer care team?
You can use the chatbot or call the customer care number 1860-267-6161 for any queries.
What modes of payment can I use to pay my EMIs?
You can repay your HDFC Bank Personal Loan through ECS, net banking, cheques, or the official mobile app.
Does having a salary account with HDFC Bank help in getting a personal loan from the bank?
Existing salary account holders in HDFC Bank can get a personal loan at lower interest rates and benefit from favourable loan terms. This is subject to whether they meet the eligibility criteria set by the bank.
How can I check my HDFC Bank Personal Loan status?
Through the ‘Loans Portal’ on HDFC Bank’s official website, you can access all loan-related details in one place. Here, you can access your loan account details like EMI status, last 9 transactions, etc. anytime, anywhere.
Can business owners take personal loans from HDFC Bank?
Yes. HDFC Bank offers tailored personal loans for self-employed individuals.
How can I repay my HDFC Bank Personal Loan?
You can repay your HDFC Bank Personal Loan in EMIs. You can submit post-dated cheques, utilise the ECS facility, or establish a mandate with the bank where the instalment is automatically deducted from your account each month.
