HDFC Personal Loan

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Why us?

Rates as low as 9.99%*
Loans Up to 30 Lacs
Same Day Disbursal
Doorstep Service
Unbiased Experts Advice

HDFC Personal Loan Key Features

Feature
Details
Interest Rate
10.49% - 18.00%
Lowest EMI per Lakh
Rs 2148
Tenure
12 to 60 months
Processing Fee
2.50% (Min Rs 1000)
Prepayment Chgs
Allowed after 12 Months (2 - 4 %)
Part Payment Chgs
Allowed after 12 Months (2 - 4 %) 
Min Loan Amt
₹ 50,000
Max Loan Amt
₹ 75 Lakh

Benefits of HDFC Personal Loan

HDFC Personal loan


HDFC Personal Loan Eligibility Criteria

The eligibility criteria for a personal loan are as follows:

CIBIL score 750 and Above
Age 21-60 years
Min Income Rs. 25000/month
Occupation Salaried/Self-employed

HDFC Personal Loan Fees and Other Charges

Category
Details
Interest Rate
10.49% to 18.00% per annum
Processing Charges
Up to 2.5% of the Loan Amt 
Min ₹ 1000 and Max ₹ 25000
Prepayment 

No prepayment is allowed until 12 EMIs are paid

Preclosure

No foreclosure is allowed until 12 EMIs are paid

Prepayment Charges

13-24 months: 4% of loan principal outstanding
25-36 months: 3% of loan principal outstanding
>36 months: 2% of loan principal outstanding

Stamp Duty

As per state laws

Cheque Bounce Chgs

₹ 550/chq +  GST

Floating Rate of Interest

Not Applicable

Overdue EMI Interest

2% p.m.(on overdue amount)

Amortisation Schedule Chgs

Rs 200 + GST

HDFC Personal Loan Documents Required

Particular
Document
Form
Duly filled application form
Proof of Identity

Copy of 

> Passport

> Driving License

> Aadhar Card

> Voter ID Card

Proof of Address

Rent Agreement (Min. 1 year of stay)

Utility Bills

Passport (Proof of permanent residence)

Ration card

Proof of Income

> ITRs : Last two Assessment years

> Salary Slip: Last 6 months

> Bank Statement: Last 3 months

HDFC Personal Loan EMI Calculator

HDFC Personal Loan Comparison with Other Banks

Particulars HDFC Bank Bajaj Finserv Axis Bank Citibank ICICI Bank
Interest Rate 11.25% to 21.50% Starting from 12.99% 15.75% to 24% Starting from 10.99% 11.50% to 19.25%
Tenure 12 to 60 months 12 to 60 months 12 to 60 months 12 to 60 months 12 to 60 months
Loan amount Upto Rs. 40 lakh Up to Rs. 25 lakh Rs. 50,000 to Rs. 15 lakh Up to Rs. 30 lakh Upto Rs. 20 lakh
Processing Fee Up to 2.50% of the loan amount Up to 3.99% of the loan amount Up to 2% of loan amount plus GST Up to 3% of the loan amount Up to 2.25% of loan amount plus GST

Other Loan Products from HDFC Bank

Why Dialabank for HDFC Personal Loan?

Dialabank helps you to choose the best option of banks by providing you with the updated market comparison of different banks so that you can make the right choice. We at Dialabank have already helped thousands of people to get the loan they need without any issue, and we look forward to continuing in doing so. Apply with us today to get the offers and special deals on HDFC Personal Loan.

Call us at 9878981166 to avail HDFC Personal Loan.

How to Calculate EMIs for HDFC Bank Personal Loan

You can easily calculate your EMIs on your personal loan using;

  1. Amount of the Loan
  2. Rate of Interest
  3. Tenure

Just put these values in the calculator below to find the exact amount payable each month.

HDFC Personal Loan Processing Time

HDFC Bank usually takes 2 weeks or 15 days when it comes to the Processing of Personal Loan Applications. However, HDFC gives the approval for the loan in just a few hours to maximum of 1-3 days to its pre-approved already existing account holders.

HDFC Personal Loan Preclosure

HDFC gives you the option of pre-closing your Personal Loan after a period of a minimum of 12 months of taking the loan and paying 12 successful EMIs on your Personal Loan. However, HDFC Bank charges a Prepayment or Pre-closure charge.

Pre Calculated EMI for HDFC Personal Loan

Loan Amount @ Rate of Interest Tenure Of Loan
1 year 2 years 3 years 4 years 5 years
2.5 lakh @ 11.25% Rs. 22,125 Rs. 11,681 Rs. 8,214 Rs. 6,492 Rs. 5,467
5 lakh @ 12% Rs. 44,424 Rs. 23,536 Rs. 16,607 Rs. 13,166 Rs. 11,122
10 lakh @ 12.5% Rs. 89,082 Rs. 47,307 Rs. 33,453 Rs. 26,579 Rs. 22,497
15 lakh @ 13% Rs. 1,33,975 Rs. 71,312 Rs. 50,540 Rs. 40,241 Rs. 34,129

HDFC Personal Loan for Salaried Employees

HDFC offers Personal Loan for Salaried Employees at attractive rates of interest. The amount that you get a loan depends on the Company that you work for, The take-home salary of the employee as well as the city of residence of the employee. HDFC offers these loans for a tenure of 12-60 months and provides instant approval along with funds to pre-approved customers.

HDFC Personal Loan for Self Employed Individuals

HDFC Bank Personal Loan for Self Employes is a loan product offered to individuals who are self-employed and in need of funds. The bank provides them with attractive rates of interest on their personal loan and tenure of 12-60 months. However, as compared to Salaries Employees, you have to present more documents here as you need to provide the bank with sufficient documents related to your Business to prove its continuity as well as your steady income.

HDFC Doctor Loan

HDFC Bank offers special Personal Loan to Doctors who are in needs of funds. Bank gives them loan ranging from Rs. 50000 to Rs. 50 lakhs for a tenure of 12-60 months at interest rates starting from 11.25%. There are certain eligibility criteria’s for availing this loan:

  1. Credit Score should be at least 650.
  2. Age should be 25-65 years.
  3. Medical Experience – More than 4 years (as a doctor).

HDFC Marriage Loan

HDFC offers Personal Loan for Marriage as a solution to people who are facing shortage funds for their or their close one’s marriage. There is no restriction on using this loan amount and can be used for anything from wedding banquets to makeup or stylists, etc. You get these amounts quickly within seconds if you are a pre-approved customer with the bank or as quickly as 4 hours in some cases. Bank charges an attractive interest rate and gives you the option of choosing the tenure for the loan.

HDFC Personal Loan for Government Employees

Government Employees are offered Personal Loans at low-interest rates by HDFC Bank, which start at about 11.49%. They get quick disbursal along with the option of choosing the tenure for the loan. No Processing Fee is charged from the Defence Personnel.

HDFC Personal Loan for Pensioners

HDFC Bank offers special plans for Pensioners looking out for Personal Loan. They provide good funding at attractive rates of interest to pensioners. Some of the features of HDFC Personal Loan for Pensioners are listed below:

  • Minimum Pension Amount – 25000+
  • Maximum age – 65 years at loan maturity
  • 50% of extra income (FD interest rental income, etc.) can be counted as Actual Income
  • Interest Rate – 13-17%
  • Tenure – a minimum of 12 months

HDFC Personal Loan Balance Transfer

Personal Loan Balance Transfer refers to a process where you shift your personal loan from one lending institution to another. In this, your new bank pays off your previous loan and gives you the loan. You get many benefits if you do this, but you may have to pay the foreclosure charges associated with that loan along with the Processing fee on your new loan. Some of the benefits are listed below:

  1. Lower Interest Rate
  2. Extended Tenure for the Repayment
  3. You may also get additional features associated with your loan, such as no processing fee, etc. based on your Cibil score.

HDFC Personal Loan Top Up

Top up facility on your loan is the additional amount that you borrow from the bank on your existing loan. HDFC lets you avail this facility if you have paid at least 9 regular EMIs without any hindrances in payment. You can get a top-up of minimum Rs. 50,000 and a maximum of your already sanctioned loan amount.

How to Apply Online for HDFC Bank Personal Loan?

You can apply for HDFC Personal Loan online by visiting the HDFC’s online portal and filling the form for applying for a personal loan, or you can simply follow the given steps for applying for an HDFC Personal Loan:

  • Visit DialaBank. 
  • Fill the Application form and submit it.
  • Wait for a call from one of our Relationship Managers who are experts in this field.
  • Get personalized service for availing Personal Loan by comparing between features of various banks and selecting the one that you need. 

HDFC Personal Loan Status

Use the following methods:

  • You can also visit your loan branch and ask the banker for the same.
  • Log In to the HDFC Netbanking Portal, Click on loans from the top ribbon and click on Enquire to check the status of your loan.
  • Search for ‘personal loan status’ on Google, open the first link which will take you to the Loan Status Tracker webpage of HDFC Bank and fill the required information to check the status of your loan.

FAQs About HDFC Personal Loan

What is HDFC Personal Loan?

HDFC Personal loans with minimal documentation is a hassle-free process as no mortgage or security is required. HDFC provides personal loans to its pre-approved customers in just 10 seconds and within 4 hours for the new customers.

The interest rate starts from 10.49% per annum, and the loan amount can be used by the borrower for any personal financial need ranging from higher studies or a vacation to using the amount for day to day expenses.

How does HDFC Personal Loan work?

HDFC Personal Loan would require you to first check your eligibility criteria which can be done online. If you are a pre-approved HDFC customer, you can avail the loan within seconds, and for others, the loan disbursal on average takes 4 hours.

You can borrow a loan amount of up to ₹75 lakhs with the lowest interest rates depending on your eligibility criteria and credit history. Repayment of the loan can be made on EMI basis or as agreed upon in the loan agreement.

What is Personal Loan rate of interest in HDFC?

Personal loan rate of interest in HDFC varies from 10.49% per annum to 18% per annum with a repayment tenure of your liking ranging between 1 to 5 years. You can check the latest personal loan rates of interest online at Dialabank’s digital platform and compare it to avail the best offers suiting your needs.

What is the procedure of Personal Loan in HDFC?

The procedure to avail a personal loan with HDFC is hassle-free. You can apply for an HDFC personal loan by visiting the nearest branch with your documents, through an HDFC ATM, or using HDFC’s Loan Assist App. You can also contact and apply with Dialabank for easy processing and personalized assistance. The basic steps include:

  1. Calculation of loan amount required as per your need
  2. Checking your loan eligibility online or by visiting the branch
  3. Approaching the bank via your preferred method (online or offline)
  4. Submitting the required documents with the banker,
  5. Disbursal of loan amount once your application and documents have been verified and approved.

How can I get HDFC Personal Loan?

You can get an HDFC personal loan in a fairly simple manner as minimal documentation ensures a quick disbursement time. You just need to check your eligibility and contact the bank either online or by visiting the nearest branch. After submission and verification of the required documents, the loan amount will be credited to your bank account within 4 hours.

How to apply for Personal Loan in HDFC?

You can apply for a personal loan in HDFC Bank with minimal documentation and get quick loan amount disbursal by visiting the nearest branch with your documents or filling an application online at HDFC Bank’s official website. You can also apply with Dialabank to avail of personalized assistance and get the best deals and offers.

Why apply for HDFC personal loan?

You can apply for an HDFC Bank personal loan as it is one of the leading providers of personal loans in India and offers the best loan options that come with a unique array of features and benefits. They provide personal loans at low-interest rates with minimum documentation for an easy and hassle-free process. The average disbursal time for a new customer is 4 hours. Repayment of the loan can be made through EMIs or via online payment options as preferred. Repayment tenure ranges between 1 to 5 years.

How much EMI on HDFC Personal Loan?

The EMI on HDFC Bank personal loan depends on the loan amount, interest rate, and the tenure of the loan. It can easily be calculated using the EMI calculator on Dialabank’s website.

How much CIBIL score required for HDFC personal loan?

The CIBIL score required for HDFC personal loan is 750 and above. You can increase your CIBIL score by making timely payments of your EMIs and credit cards.

Minimum credit score needed for HDFC personal loan?

A minimum credit score needed for HDFC Personal Loan is 750.

How to calculate HDFC personal loan EMI?

HDFC personal loan EMI can be calculated using the formula, E = P x R x [(1+R)^N] / [(1+R)^N-1] where,

P= Principal or your loan amount, 

R= Rate of interest, and 

N= Loan Tenure. 

You can easily calculate your EMI online at Dialabank’s website for free and compare offers from different banks and finance companies.

What can I use HDFC personal loan for?

You can use your HDFC personal loan for a number of reasons ranging from small bill payments and daily expenses to a medical emergency and bigger expenses such as debt consolidation, wedding, and etc. Fulfil all your monetary needs with a personal loan by applying online at Dialabank’s digital platform.

Can I prepay HDFC personal loan?

You can prepay your HDFC Personal loan provided that you have at least paid 12 month’s EMIs. You will be charged with a preclosure fee of up to 4% of your outstanding loan amount depending on the number of EMIs left to pay.

How to prepay HDFC personal loan?

The steps to prepay your HDFC personal loan are:

  • Collect the required documents (PAN, Id proof, and any other loan documents)
  • Visit the bank to inquire about your loan amount balance and any pre-closure charges or penalties. 
  • You will be prompted to fill a form requesting the prepayment of the loan. 
  • Pay the prepayment amount (cash up to Rs.49000, Cheque, or DD) and take its acknowledgement. 
  • Your loan will be closed as soon as the bank receives the fund.

How to repay HDFC personal loan?

You can repay your HDFC personal loan either by a standing instruction on your bank account to pay the EMI, online payment through different modes or through post-dated cheques given to the loan branch.

How to repay HDFC personal loan online?

You can pay your personal Loan EMI online in just 5 steps:

  • Visit the payments page on HDFC Bank’s website.
  • Click on ‘PAY ONLINE’ and enter your ‘Loan No.’ and ‘Date of Birth’. 
  • Select your net banker from the drop-down menu and click on PAY. 
  • You will be securely redirected to the bank payment interface of your chosen net banking option. 
  • Complete the payment, and you will receive an online transaction confirmation. You can also pay your HDFC personal loan on Paytm.

What documents are needed for HDFC personal loan?

The documents needed for HDFC Personal Loan are Aadhar card/Voter ID, PAN card, Bank statement of the last 3 months, and the latest salary slips/ITR file. For more information and personalized assistance, you can contact Dialabank’s financial helpline number 9878981166.

How to check HDFC personal loan status? 

To check the HDFC personal loan status: 

  • Log In to the HDFC Netbanking Portal, Click on loans from the top ribbon and click on Enquire to check the status of your loan.
  • Search for ‘personal loan status’ on Google, open the first link which will take you to the Loan Status Tracker webpage of HDFC Bank and fill the required information to check the status of your loan.
  • You can also visit your loan branch and ask the banker for the same.

How to get HDFC personal loan top up?

HDFC Top-up can be availed if you have paid at least 9 EMIs without any cheque bounces. You can get a top-up of minimum ₹50,000 and a maximum of your already sanctioned loan amount. You can check the online portal of HDFC for more offers or contact Dialabank for any financial help.

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