✓Minimal Documentation ✓Collateral Free Loans ✓Instant Loan Disbursal | Apply for Personal Loan Now! Apply Now

HDFC Bank, one of the largest private sector banks, offers numerous personal loan schemes. The absence of end-use restriction allows you to use the funds acquired through a personal loan to meet varying financial requirements. 


However, before submitting an application, you must have in-depth knowledge about the HDFC Personal Loan to make a well-informed decision. Read on to learn about the HDFC Personal Loan interest rate and other details.

HDFC Bank Personal Loan Details

Loan Amount

Maximum ₹40 Lakhs

Interest Rate

10.50% - 25.00% per annum

Loan Tenure

Maximum 6 years, i.e., 72 months

Processing Fee

Maximum ₹4,999, excluding GST

Disclaimer: The above terms are subject to change at the bank’s discretion.

HDFC Personal Loan Interest Rate

The personal loan interest rate is one of the critical factors you should consider while taking any personal loan, including the HDFC Bank Personal Loan. The HDFC Personal Loan interest rate differs depending on a few factors, such as the type of loan you avail and the loan terms. 


Given below is a table that lists HDFC Personal Loan interest rates for various types.

Loan Type

Interest Rate (in p.a.)

Home Renovation Loan

Starting at 10.50% Up to 20.40%

Medical Emergency Loan

Starting at 10.50% Up to 20.40%

Wedding Loan

Starting at 10.50% Up to 20.40%

Travel Loan

Starting at 10.50% Up to 20.40%

Personal Loan for Government

Starting at 10.50% Up to 21.00%

Personal Loan For Teachers

Starting at 10.50% Up to 20.40%

Personal Loan for Salaried

Starting at 10.50% Up to 20.40%

Disclaimer: The interest rates are subject to change at the bank’s discretion.


The maximum HDFC Personal Loan you can avail is up to ₹40 Lakhs. Generally, interest rates for the personal loan vary depending on the loan terms and your overall eligibility. You should compare each loan offer to find one that suits your needs.

HDFC Personal Loan Processing Fees & Other Charges

Along with the interest rate, there are other charges and fees levied on the HDFC Personal Loan. Apply after comparing the total cost (interest + additional charges). This will enable you to avail the most affordable option. 


Here is an overview of the common charges levied:



Processing fee

Maximum ₹4,999

Stamp Duty

As per state laws

Other Statutory charges

As per state laws

Overdue EMI

2% on EMI/Outstanding Principal every month

Repayment mode change


EMI/ Payment return


Loan Cancellation

Nil (Interest charged for the interim period, and the bank will retain the processing fee)

Rebooking the loan


Prepayment/ Foreclosure

Depends on the loan type and time of prepayment

Disclaimer: These charges are subject to change at the bank’s discretion.


You should carefully check these charges and compare them to ensure that your total cost of borrowing is affordable. 

HDFC Bank Personal Loan EMI Calculator

Loan Amount
  • Months
  • Years
Rate of Interest

Monthly EMI

at % interest rate for months

Total Amount Payable
Principal Amount
Total Interest
Year Principal Interest Balance

An EMI calculator gives you accurate estimates of your borrowings. This easy-to-use online Personal Loan EMI calculator  is available for free, allowing you to optimise your personal loan. So, when it comes to personal loans, including the HDFC Personal Loan, apply after you compare.

How to Calculate HDFC Personal Loan EMI?

The EMI amount for an HDFC Personal Loan depends on various factors. For manual calculations, you can use the formula mentioned below:


Equated Monthly Instalment = [P x R x (1+R) ^N]/[(1+R)^N-1]



  • P refers to the principal amount

  • R refers to the interest rate

  • N refers to the number of monthly instalments payable


So, for instance, if you avail ₹40 Lakhs against a 10.5% interest rate for the repayment tenure of 5 years, you will need to pay ₹85,976 per month.


However, a manual calculation can lead to human errors, and as such, using the EMI calculation becomes a better alternative.

Types of HDFC Bank Personal Loans

There are numerous types of HDFC Personal Loans. Some of the top personal loans include:

  • Marriage Loan

With this Wedding Loan, you can finance any of your wedding requirements. With quick disbursal, flexible tenure, and a loan of up to ₹40 Lakhs, you can plan your wedding without any compromises.

  • Emergency Loan:

During an emergency, availing affordable and quick financing can help. With instant disbursal and competitive interest rates, the Personal Loan for Medical Emergency is a great option that helps you prioritise the emergency. 

  • Home Renovation:

Home renovations can be costly, and as such, saving up for it can take some time. If you want to renovate your home right away, choose a home renovation loan. You can get the funds for any of your renovating needs, like furniture, fixtures, kitchen remodelling, and more.

  • Travel:

With a personal loan for travel, you can go on your dream trip without any delay. Instant disbursal, competitive rates, and flexible repayment tenure help ensure that you can enjoy your trip and pay for it without straining your finances.

  • Teachers:

Recognising the added responsibility that teachers have, HDFC Bank offers a personal loan specially curated for their needs. Similar to the regular personal loan, this loan has a competitive interest rate and flexible tenure, allowing you to meet your needs.

HDFC Personal Loan Features and Benefits

High loan amount

The upper limit ceiling of ₹40 Lakhs can enable you to promptly resolve immediate financial emergencies.

Speedy loan disbursal

With HDFC, you can expect an expedited sanctioning procedure, as the processing begins within a day of form submission.

No collateral

Borrowers without collateral or assets often struggle to access formal credit, as traditional financing institutions often consider them high-risk borrowers. However, as personal loans require no security, and you can opt for this financial tool without any added hassle.

Personal loan balance transfer

If the HDFC Personal Loan terms are comparatively more lucrative than your present lender, then you can opt for a  personal loan balance transfer for a nominal processing fee and save on interest.

Accidental cover

By paying an average premium, you can receive an accident and credit shield cover policy of up to ₹8 Lakhs. This policy is named ‘Sarv Suraksha Pro.’

Additional benefits

If you have an existing personal loan from HDFC, you are eligible for lower interest rates on a home loan.

24*7 Assistance

You can use the chatbot, WhatsApp, or call the customer care number for any queries related to your HDFC Personal Loan.

HDFC Personal Loan Eligibility

You must always make a note of the eligibility parameters set by the lender to improve your approval chances. As a request for a new credit line results in a hard inquiry, rejected applications can affect your CIBIL score. Here are the HDFC Personal Loan eligibility criteria:  

  • An applicant must be an Indian citizen.

  • If you are a salaried individual, you must be age group of 21 to 60 years 

  • If you are self-employed, you must be in the age group of 21 and 65 years

  • As a salaried applicant, you must have job experience of at least 2 years with 1 year in the current job

  • Your minimum monthly income should be ₹25,000

Documents Required for HDFC Bank Personal Loan

As there is no collateral involved, a lending institution will measure the risk factors - like a chance of a borrower defaulting – based on your income stability. To back your claim of repayment capacity, you will need to produce documents like:

  • Identity proof

  • Proof of residency

  • Passport-sized image

  • A filled-up application form

  • Bank statements of the past three months/ passbook records of the last six months

  • Form 16

  • Salary slips/certificates 


However, if you are a KYC-compliant existing customer of the bank, the documents required for a personal loan from HDFC Bank may be fewer.

How to Apply for HDFC Bank Personal Loan?

In order to submit an application for HDFC personal loan, follow these Steps. 

  • Step 1: Open the official website of HDFC Bank

  • Step 2: Click on ‘Apply Online’

  • Step 3: Navigate to the ‘Product Required’ field

  • Step 4: Opt for ‘Personal Loan’

  • Step 5: Fill in the personal and financial information

  • Step 6: Click on ‘Get Quote’

  • Step 7: Provide the OTP received on the registered mobile number

  • Step 8: Click on ‘Submit’

  • Step 9: Provide the necessary information regarding existing lines of credit, if any

  • Step 10: Choose the best-suited offer from the displayed ones


Consequently, you will need to submit the documents required for a personal loan from HDFC Bank for the verification procedure. After the paperwork is adequately done, the bank will release the funds. 

How can I Contact HDFC Bank Customer Care?

HDFC Bank provides comprehensive and 24x7 customer care assistance to ensure a streamlined personal loan borrowing procedure. So, you can use chatbots or WhatsApp to get further assistance. Alternatively, you can call the customer care team or visit the branch. 


The information and suggestions provided by BFDL hereinabove is related to the Non-Partnered Banks/ NBFCs and is just for the purpose of information and under no circumstances the information provided hereinabove is intended to be source of advice or recommending any financial advice or endorsement of any sort.

The information including interest rates or fees, loan amount and other charges with regard to any product, provided on this website is gathered through publicly available sources over the internet and is considered as accurate and reliable to the best of our knowledge. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers by the Non-Partnered Banks or NBFCs. The use of information set out is entirely at the User’s own risk and User should exercise due care prior taking of any decision, on the basis of information mentioned hereinabove. You are advised to visit/ contact the respective Banks/ NBFCs to verify the information before making any application or opening an account. Further, BFDL does not undertake any responsibility or liability to update this information. YOU ARE SOLELY RESPONSIBLE FOR ANY LIABILITY OR DAMAGE YOU INCUR THROUGH ACCESS TO OR USE OF THE SITE OR SUCH INFORMATION OR MATERIALS EXCEPT WHERE THE LAWS AND REGULATIONS OF A PARTICULAR JURISDICTION CONCERNING WARRANTIES CANNOT BE WAIVED. Additionally, display of any trademarks, tradenames, logo and other subject matters of intellectual property owners. Display of such Intellectual Property along with the related product information does not imply BFDL’s partnership with the owner of the Intellectual Property of such products.

Read More

FAQs on HDFC Personal Loan

Generally, the maximum HDFC Bank Personal Loan amount is ₹40 Lakhs.

Yes. You should be above the age of 21 and under 60 if you are a salaried applicant. As a self-employed applicant, you can apply even if you are above 60 but under 65 years.

Normally, the approval process can take up to 15 days or 3 days in case of instant loan applications.

You can use the EMI calculator to get an estimate of the EMI you have to pay.

You can use the chatbot, WhatsApp, or call the customer care number 1860 267 6161 (which is accessible across India) for any queries related to your HDFC Personal Loan. 

Check your personal loan status by visiting the bank’s official website. Simply provide your reference or proposal number with your mobile number or date of birth.

No. HDFC Personal Loans interest rate is fixed.

You can pre-close your HDFC Personal Loan after paying 12 EMIs, i.e., 1 year.

You can repay your HDFC Personal Loan through ECS, Netbanking, Cheque, or Mobile app.

Additional charges at the time of repayments are levied under specific conditions such as cheque bounce, prepayment, or foreclosure. You can check these details before availing the loan to budget accordingly.

No, the HDFC Personal Loan eligibility criterion in terms of income is ₹25,000.

Yes, you can avail an HDFC Personal Loan of ₹50,000 if you meet the eligibility requirements.

Latest News Updates

Auto Loan EMIs and Personal Loan EMIs Will Increase as HDFC Bank Raises its MCLR Rates.

Marginal Cost-based Lending Rate (MCLR) plays a crucial role in the EMI calculation in loans. HDFC recently announced a rise in its MCLR which will be effective from May 8, 2023. The rate is increased for selected tenures by 5-15 basis points.


- May 11, 2023

Loan Offer
Download App
Credit Score