Home  »  Banking  »  Loans  »  Personal Loan  »  HDFC Personal Loan

HDFC Personal Loan

Loan Name Interest Rate Processing Fee Loan Amount Tenure
HDFC Bank Personal Loan 15.50% - 21.50%, Fixed up to 2.50% of loan amount 40L Max 1-5 years
Documents Required

  • Proof of Identity and Residence: Aadhaar Card, Passport, Driving License, Election ID Card
  • Duly filled in application form along with recent passport size photographs
  • Proof of Income: Last 6 months Bank statement showing salary credits, latest Form 16 and Income Tax Returns, Recent 3 months Salary Slips
  • Bank statements for the last 6 months
  • Employment Contract / Appointment Letter
  • Recent Pay Slip / Current dated salary certificate with the latest Form 16.

  • The applicant gets 30 years to repay the loan
  • Attractive Interest Rates
  • Affordable and easier equated monthly instalments over the tenure of the loan

  • The minimum age of the applicant should be 21 years.
  • The maximum age of the applicant should be 60 years.
  • The applicant should be an Indian resident.
  • Individuals who are employed in private limited companies, public sector undertakings, central government, state government and local bodies are eligible to secure a personal loan
  • Individuals who are currently employed for at least 2 years, ewith minimum 1 year of experience with the current employer
  • An applicant will get a maximum tenure of 60 months to repay the loan.
  • Individuals who earn a minimum salary of Rs 15,000 per month (Rs 20,000 a month if they reside in metro cities like Bengaluru, Delhi, Mumbai, Chennai, Kolkata, Pune, Ahmedabad, Cochin).
Other Details

  • Get Personal Accident Cover up to Rs 8 lakhs and Critical Illness Cover of up to Rs 1 lakh.
  • The applicant can get a personalized product at special rates, offers and charges.
  • Get an option to get a flat processing fee of only Rs 1999 + applicable taxes
  • Loan Processing Fee for Salaried Individuals: Up to 2.50% of loan amount (minimum of Rs 1,999 and maximum of Rs 25,000)
  • No – prepayment either in full or part is permitted until repayment of 12 equated monthly instalments.


Q: What is the interest rate charged by HDFC bank for a personal loan?

A: HDFC bank will charge the interest rate in the following range starting from 11.25%-18% per annum on the outstanding amount of the bank.

Q: Who can avail a personal loan from HDFC bank?

A: HDFC bank provides personal loan only for salaried individuals.

Applicant should be employed either with the government, private or public sector.

Q: What is the time period for a personal loan to secure approval in HDFC bank?

A: On submitting the loan application and the required documents as per the bank's criteria, one can expect approval and disbursal of the loan amount within four hours.

Q: What is the benefit of having a salary account with the HDFC bank to avail personal loan?

A: If your salary account is from HDFC Bank then you will get extra benefits while applying for a personal loan. HDFC bank offers attractive interest rates, processing fee, speedy process with minimal documentation for those who have a salary account with HDFC.

Q: What are the documents required to avail personal loan from HDFC bank?

A: The following documents are required to avail the personal loan from HDFC bank:

  • Identity proof.
  • Address proof.
  • A bank statement form the last 6 months.
  • Salary payslip/current dated salary certificate with the latest Form-16.

More Headlines
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more