HDFC Bank Personal Loan

Personal Loan

Quick personal loans from India's trusted bank

Interest Rate10.50% - 21.00% p.a.
Loan Amount₹50,000 - ₹50 Lakhs
Tenure6 months - 5 years

About HDFC Bank Personal Loan

HDFC Bank Personal Loan offers quick approval and disbursal with minimal documentation. As India's largest private sector bank, HDFC provides competitive interest rates, flexible repayment options, and excellent customer service for all your personal needs.

Key Features

Instant approval for pre-approved customers
Disbursal within 10 seconds (Xpress Loan)
Loan amount up to ₹50 lakhs
No collateral required
Online application and tracking
Flexible tenure options
Balance transfer from other banks
Top-up loan facility

Eligibility Criteria

Age21 - 60 years (salaried), 25 - 65 years (self-employed)
Minimum Income₹25,000/month for salaried
Employment1 year total experience, 6 months in current company
Credit Score750+ CIBIL score for best rates

Documents Required

PAN Card
Aadhaar Card
Last 3 months salary slips
Last 6 months bank statements
Current address proof

Fees & Charges

Processing FeeUp to 2.50% of loan amount
Prepayment Charges4% of outstanding after 12 months
Late Payment Fee₹750 or 3% of EMI (whichever is higher)
Foreclosure Charges4% of outstanding principal

Pros & Cons

Advantages
  • Instant approval for existing customers
  • Strong digital experience
  • Wide branch network for support
  • Competitive interest rates
  • Multiple repayment options
Disadvantages
  • Higher processing fees
  • Prepayment charges applicable
  • Strict eligibility for new customers
  • Documentation required for non-customers

Frequently Asked Questions

Visit HDFC Bank's website or app, use the eligibility calculator, or call customer care. Existing customers can check pre-approved offers in NetBanking under the Offers section.

Xpress Personal Loan is for existing HDFC customers with pre-approved offers. You can get instant approval and disbursal in as little as 10 seconds through NetBanking or mobile app.

Yes, you can foreclose after 12 EMIs. Foreclosure charges of 4% apply on the outstanding principal. Partial prepayments are also allowed with similar charges.

At 11% interest for 5 years, EMI is approximately ₹2,174 per lakh. At 14% for 3 years, it's approximately ₹3,418 per lakh. Use the EMI calculator for exact figures.
HDFC Bank Personal Loan
  • Interest Rate10.50% - 21.00% p.a.
  • Loan Amount₹50,000 - ₹50 Lakhs
  • Tenure6 months - 5 years
  • Processing FeeUp to 2.50%

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Disclaimer: Interest rates and terms are subject to change. Loan approval depends on your credit profile and lender's policies. Please verify details on the official lender website before applying.