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HDFC BANK Personal Loan

HDFC Bank Personal Loan Interest Rates start from 10.25% – 21% p.a.*till 31Aug Get instant Personal Loan up to Rs. 40 lakhs online from HDFC for multiple purposes. With minimum documents and easy to meet Personal Loan Eligibility Criteria, it is completely hassle free to apply for HDFC Personal Loan. You can instantly calculate EMI for the loan using EMI Calculator and get instant approval for an attractive interest rate on personal loan.
HDFC Personal Loan Details
Loan Feature Details 
Interest Rate10.25%*till 31 Aug
Purpose All personal expenses including travel, medical emergencies, education, wedding, and travel. 
Loan Quantum Up to Rs.25 Lakhs 
Eligibility age
  • Minimum age: 21 years
  • Maximum age: 60 years at the end of loan tenure
Minimum income requiredRs.25000 per month 
Repayment tenure Up to 60 months 
Processing FeesUp to 2.5% of the loan amount
Prepayment Charges 2%-4% of the principal amount outstanding 
Features & Benefits of HDFC Personal Loan
  • HDFC customers can get HDFC Pre-approved Personal Loan in just 10 seconds and regular loans in under 4 hours 

    • Get a response within one day of submitting your HDFC Personal Loan Document.
    • Customers have the option of getting personal loan security to cover the outstanding loan amounts.
    • Balance transfer option available at interest rates as low as 10.25%
    • Get 24×7 assistance for any queries on your personal loans. 
    • The bank has launched the consent-based Video KYC facility for personal loan and saving accounts to verify the customer’s identity digitally.
HDFC Personal Loan Interest Rate

HDFC personal loans are one of the best funding options available in the market right now to finance all your personal as well as business requirements. Find out the updated HDFC personal loan interest rate 2022 and apply online instantly for the loan. HDFC Bank Personal Loan Interest Rates are affordable and that result in lower EMIs. The current HDFC personal loan interest rate starts from as low as 10.25% p.a., depending on the borrower’s Credit Score, income, age, loan amount and other eligibility factors.

 
How to Apply for an HDFC Personal Loan
  • To apply for an HDFC Personal Loan, you just need to complete a few steps: 

    • Check your HDFC Personal Loan Eligibility using the calculator.
    • If you fulfill the criteria, click on the ‘E-connect’ button.
    • Fill up the form and upload the necessary documents.
    • Submit the form and the loan will be disbursed within a few hours of approval.

    Also read: Which is better NBFCs Vs Bank for personal loan?

HDFC Bank Personal Loan Eligibility Criteria
    • Indian residents, who are employees of any private limited company or public sector undertaking (central, state or local bodies), can apply.
    • Age of the applicant must be between 21-60 years
    • The minimum work experience required is at least 2 years, and the applicant must have served with their current employer for a minimum of 1 year.
    • The minimum net monthly income required is Rs. 25,000 for HDFC Bank salary account holders and Rs. 50,000 for Non-HDFC Bank salary account holders.
    • If your income level or credit score is lower than the requirement of the lender, you can bring in a co-applicant (spouse, father, or other eligible co-applicants) to increase your HDFC Personal Loan eligibility
HDFC Bank Personal Loan Document Required
  • KYC Documents
    • Passport
    • Aadhar card
    • Driving license
    • Voter ID card
  • Income documents
    • Last 3 months Bank Statements/ Passbook of last 6 months
HDFC Personal Loan Verification Process
  • Once you have filled the Online Personal Loan Application form on Fastmudra, your personal loan application will be processed by the bank.
  • HDFC bank will go through your application form and on being completely satisfied, it will give you a verification call.
  • Once the Personal Loan Verification Process is completed, the required documents will be picked up by our personal loan experts from your home or office.
  • On submitting all applicable documents successfully, they will be checked for further verification by the bank.
  • After verification, the bank will call you to confirm the final loan amount, personal loan interest rate, and repayment tenure.
  • Once the bank gets the confirmation from you, the loan amount will be disbursed into your bank account.

Additional Info: Know How to open HDFC PPF Account online.

Check HDFC Personal Loan Application Status

To check your HDFC personal loan application status online, you will have to follow the below-mentioned steps:

  • Enter application name or reference proposal number
  • Enter your date of birth or registered mobile number
  • Click on the ‘Submit’ button

Additional Info: Check HDFC Bank OD Facility.

How to Calculate HDFC Personal Loan EMI?

Calculating your HDFC Bank Personal Loan EMI is easy with HDFC Personal Loan EMI Calculator available on our website. Fastmudra provides you with a free online EMI Calculator using which you can get the EMI details. The calculator also helps in assessment of your HDFC personal loan eligibility. You just have to enter a few details, such as the HDFC Personal Loan Interest Rate, loan amount, and tenure, to get the result. 

Fastmudra’s EMI Calculator gives you the complete amortization schedule.

Here’s an example:

Loan amount requiredRs. 10 Lakhs
Tenure of repayment5 years
Interest Rate applicable10.25% p.a.
EMI to be paid each monthRs. 21,618
Total interest outgoRs. 2,97,077
Total amount to be paid to the bankRs. 12,97,077

Here’s the complete amortization schedule for the above illustration:

YearOpening BalanceAmount paid by customer (EMI*12)Interest paid during the yearPrincipal paid during the year
Closing Balance
1₹1000000₹107470₹42625₹64844₹935156
2₹935156₹257927₹90275₹167651₹767504
3₹767504₹257927₹71800₹186127₹581377
4₹581377₹257927₹51288₹206639₹374738
5₹374738₹257927₹28515₹229411₹145327
6₹145327₹150457₹5131₹145327₹0
HDFC Personal Loan Statement Online

You can check your HDFC Personal Loan statement online easily by logging in to your account to check the details as per your preferred method.

If you have a personal loan account with HDFC Bank, you can check your statement through any one of the following methods:

  • Through the online portal.
  • Through registered email ID.

The above methods can also be used for HDFC personal loan statement download.

How to Login at HDFC Personal Loan Portal?

You can check your HDFC Personal Loan statement online easily by logging in to your account to check the details as per your preferred method.

If you have a personal loan account with HDFC Bank, you can check your statement through any one of the following methods:

  • Through the online portal.
  • Through registered email ID.

The above methods can also be used for HDFC personal loan statement download.

HDFC Personal Loan Customer Care

You can connect with HDFC Personal Loan Customer Care through following ways:

Toll-free Number : 1800 258 3838 (open from 8 a.m to 8 p.m on all days)

Mailing Address: 

HDFC Bank Ltd., New Bldg, “A” Wing 2nd floor, 26-A Narayan Properties, Chandivali Farm Road, Off Saki Vihar Road, Chandivali, Andheri (East), Mumbai- 400 072

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