HDFC Personal Loan

⋆ Interest Rate 9.99% ⋆

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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

Eligibility Criteria

Details

HDFC Bank Personal Loan Interest Rate

9.99% p.a.

Lowest EMI per lakh

Rs 2124

Tenure

12 to 60 months

HDFC Bank Personal Loan Processing Fee

1% of the Loan Amount

Prepayment Charges

Allowed after 12 Months (2 – 4 %)

Part Payment Charges

Allowed after 12 Months (2 – 4 %) 

Min Loan Amt

₹ 50,000

Max Loan Amt

₹ 75 Lakh

HDFC Personal Loan Eligibility Criteria

The eligibility criteria for a personal loan are as follows:

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

HDFC Personal Loan Fees and Other Charges

Category

Details

HDFC Bank Personal Loan Interest Rate

9.99% per annum

HDFC Bank Personal Loan Processing Fee

1% of the loan amount

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

EMI Calculator

HDFC Personal Loan Comparison with Other Banks

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

Other Loan Products from HDFC Bank

Why Dialabank for HDFC Personal Loan?

Dialabank helps you to choose the 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 Bank Personal Loan.

Call us at 9878981166 to avail of HDFC Bank Personal Loan.

How to Calculate EMIs for HDFC 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.

EMI Calculator

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 Bank gives the approval for the loan in just a few hours to a maximum of 1-3 days to its preapproved already existing account holders.

HDFC Personal Loan Preclosure Charges

HDFC Bank 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

Rate

5 Yrs

4 Yrs

3 Yrs

9.99%

2149

2560

3250

11.00%

2174

2584

3273

11.50%

2199

2608

3297

12.00%

2224

2633

3321

12.50%

2249

2658

3345

13.00%

2275

2682

3369

13.50%

2300

2707

3393

14.00%

2326

2732

3417

14.50%

2352

2757

3442

15.00%

2378

2783

3466

*Note – All EMIs are calculated for a Loan Amount of Rs. 1 Lakh.

HDFC Personal Loan for Salaried Employees

HDFC Bank 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 Bank offers these loans for a tenure of 12-60 months and provides instant approval along with funds to preapproved customers.

HDFC Personal Loan for Self Employed Individuals

HDFC Bank’s  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 Bank Personal LoanDifferent Personal Loan offers by HDFC Bank

HDFC Doctor Loan

HDFC Bank offers special Personal Loan to Doctors who are in need of funds. Bank gives them loans 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. The 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 Bank 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 preapproved customer with the bank or as quickly as 4 hours in some cases. The 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 Bank 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
  • HDFC Bank Personal Loan Interest Rate – 9.99%
  • 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 Bank lets you avail of this facility if you have paid at least 9 regular EMIs without any hindrances in payment. You can get a top-up of a minimum of Rs 50,000 and a maximum of your already sanctioned loan amount.

HDFC Home Renovation Loan

Home renovation now tops the priority list for most of the borrowers but funds become an obstacle in the process. HDFC Home Renovation Loan is introduced to get your home refurbished whether it is repainting or tiling HDFC loan covers it all. The key highlights of the HDFC home renovation loan are as follows:

  • The home renovation loan schemes and policies include basic documentation and no-complexity.
  • The HDFC Home loan is available for both existing and new customers.
  • This individual unsecured loan is available at least an interest rate of 8.00% p.a.
  • The processing fee for the loan is charged at a favorable rate of 0.50% along with added tax.

HDFC Holiday Loan

A holiday loan is nothing but a credit taken against your traveling expenses and lodging services required to add on to your get-away. You can check the characteristic features of the holiday loan to simply approve fund for your exotic dream vacation:

  • HDFC Bank assures instant disbursal of the loan advance for your holiday fun.
  • The processing fee is charged at a minimal rate.
  • The interest rate applicable to the Holiday Loan is 11.25% and so on.

HDFC Fresher Funding

HDFC has accelerated in the world of credit which now has introduced a new category of loan that is HDFC Freshers Funding. This special type of loan is accessible to those applicants who are graduates and newly minted professional employees who are seeking funds to establish a stable future. The following are the key features that the HDFC Freshers Funding exhibit:

  • A favorable credit sum is provided to the applicants.
  • The candidate must be 21 years of age or more.
  • The interest rate charges are dependent on the applicant’s profile.

HDFC NRI Personal Loan

For many valid reasons people tend to move out which often include education, medical facility, job, etc. For such candidates financial expenses become an obstacle, such emergency personal expenses are looked after by the special loan category that is HDFC NRI Personal Loan. The important features of the individual loan are as given below:

  • Highly competitive rates and flexible repayment tenures for the applicant.
  • No collateral or security is demanded or the advance disbursement.
  • The document proof is required to be attached for both the Indian resident (primary borrower) and the NRI candidate (co-applicant).

How to Apply Online for HDFC Personal Loan?

You can apply for HDFC Bank’s Personal Loan online by visiting the HDFC Bank’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 Bank Personal Loan: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. 

Personal Loan Verification Process

The following steps are a must after you apply for a Personal Loan in HDFC Bank which is as mentioned below:

  • As soon as you complete the application procedure with Dialabank, your application for a Personal Loan is further proceeded by the Bank.
  • As the bank verifies your application form, they give you a verification call.
  • Now when the verification on a telephonic conversation is done, the bank schedules a pick up for document submission. 
  • Once all the required documents are attached the further verification takes place.
  • Now as the second verification passes the bank confirms the final loan amount, interest rate, and the tenure for the mentioned amount.
  • The bank patiently waits for the customer’s affirmation, and once the customer confirms the loan amount is instantly disbursed.

HDFC Personal Loan Status

The HDFC Loan application can be tracked in simple easy steps as follows:

  • The offline method applies, the applicant has to visit the bank branch and take updates on the application status.
  • From the HDFC Online website submit your name and reference proposal number.
  • Submit the request and you will receive an update regarding your Personal Loan.
  • Via the mobile application, the loan application can easily be tracked.

How to Login to HDFC Bank Portal

  • Navigate through the HDFC Website.
  • Log in with your HDFC log in ID and Password.
  • Hit the login key and get access to the bank portal easily.

Know More: HDFC Bank Personal Loan Login: Registration Process and services

HDFC Personal Loan Statement

  • Visit the official website of HDFC Bank.
  • Navigate through the page and click on the “Register New Loan”.
  • Fill in all the required details.
  • Now click on the submit key.
  • After which you will receive an OPT that will direct you to register for Loan Statement.

HDFC Bank Personal Loan Restructuring (COVID-19)

Amid the stress of COVID-induced lockdown, The HDFC Bank took an initiative to lessen the burden on its borrowers. The bank mandated the RBI moratorium that ended in the month of September. Subsequently, all the borrowers were anticipated to resume back to the previous EMI schedules. However, the borrowers were still in mayhem as to how to repay the outstanding with ongoing financial crunches. Considering the adverse situation HDFC introduced a new framework that supports the cause of its borrowers permissible by the RBI.

The relief framework is aimed at destressing the borrowers by plummeting financial stress. This new framework gives the borrower liberty to extend the repayment tenure up to 2 years at certain consequences. The extended relaxation will welcome an added interest rate on the outstanding amount and thus, the loan will be termed as “Restructured” in the credit report of the beneficiary. Resulting in a remark on the borrower’s credit score, thus, the borrowers are advised to opt for the mechanism in most unfavorable circumstances otherwise the repayment schedules must pick up the threads as before.

HDFC Bank Customer Care

  • Via Phone: The customers get in touch with the bank via call on 9878981166
  • Via Chatbox: The chatbox is open for any suggestion or query on the official site.
  • Branch Visit: The applicant can visit the bank branch for any information on loan approval.

Benefits of Applying for Personal Loan on Dialabank

  • Convenient: When the candidate applies for a personal loan with Dialabank. The customer can easily get in touch with the bank and have 24*7 accessibility.
  • Least Documentation: While applying for a Personal Loan with Dialabank the applicant goes through a very simple procedure along with the perks of basic documentation.
  • Multipurpose Platform: The applicant is recommended not to limit their options as Dialabank gives you the liberty to select and compare different financial institutions at once.
  • EMI Calculator: You can easily know the applicable EMI on your Personal Loan with Dialabank’s customer-friendly EMI Calculator that gives accurate EMI Payable on your Personal loan based on the interest rate.

Important Aspects

The mentioned below are a few points that should be taken into consideration before you apply for a Personal Loan:

  • It is advisable to keep the loan amount as minimum as possible. Since the repayment of a lesser amount is easy and brief. The repayment capacity of the applicant is of utmost importance while applying for a Personal Loan so the loan amount should be availed as per the requirement rather than availing higher loan amount due to its easy availability.
  • The credit score determines if the applicant is eligible for the given credit, so it is recommended to take a look over the Credit Score before pitching a Loan application. In most of the scenarios, the weak credit score only leads to a straight rejection of the application.
  • Go for the bank or institution offering the best in class service and interest rate for the loan amount you require. Compare and analyze before settling for one bank. In the Credit World, the banks are offering competitive interest rates and tenures for the loan amount so a second look into the banks will only benefit you.

FAQs About HDFC Personal Loan

✅ How to apply for HDFC Bank Personal Loan?

You can apply for an HDFC Bank personal loan in multiple ways:

  • Visit the nearest HDFC Bank branch.
  • Apply online on the HDFC Bank website.
  • Choose the smart way and apply with Dialabank for the lowest interest rates.

Dialabank gives you a convenient option to apply from anywhere and anytime.

✅ What is the Interest Rate for HDFC Bank Personal Loan?

HDFC Bank Personal Loan Interest Rate is 9.99% per Annum.

✅ What is the minimum age for getting a Personal Loan from HDFC Bank?

You need to be a minimum of 21 years old to apply for an HDFC Bank personal loan.

✅ What is the maximum age for getting a Personal Loan from HDFC Bank?

The upper age limit for HDFC Bank personal loan is 60 years at the time of loan maturity.

✅ What is the minimum loan amount for HDFC Bank Personal Loan?

The minimum loan amount for HDFC Bank Personal Loan is Rs 50000.  

✅ What is the maximum loan amount for HDFC Bank Personal Loan?

HDFC Bank allows you to borrow a maximum loan amount of Rs. 75 lakhs under their personal loan schemes.

✅ What are the documents required for HDFC Bank Personal Loan?

You will require your basic KYC documents, Aadhaar card/Voter ID, PAN card, salary slips/ITRs as income proof, and two recent photographs for a personal loan from HDFC Bank.

✅ What is the Processing Fee for HDFC Bank Personal Loan?

HDFC Bank charges a processing fee of 1% of the Loan Amount plus GST for the personal loan products.

✅ How to get HDFC Bank Personal Loan for Self Employed?

HDFC Bank has special offers for self-employed individuals that wish to borrow money for personal and business use. You should be filing an ITR for at least three years.

✅ What is the Maximum Loan Tenure for HDFC Bank Personal Loan?

The maximum tenure period for HDFC Bank personal loan is 60 months.

✅ What should be the CIBIL Score for HDFC Bank Personal Loan?

You will need a minimum CIBIL score of 750 or above for availing an HDFC Bank personal loan.

✅ Do I have a preapproved offer for HDFC Bank Personal Loan?

You can check all your HDFC Bank preapproved personal loan offers through Dialabank. All you need to do is fill a form, and we will check for the best offers for you. 

✅ How to calculate EMI for HDFC Bank Personal Loan?

You can use the EMI calculator available at Dialabank’s website to calculate your HDFC Bank personal loan EMIs.

✅ How to pay Personal Loan EMI in HDFC Bank?

You can pay your HDFC Bank personal loan EMIs through direct deduction from your bank account on a monthly basis. You can also use net-banking and online payment services of HDFC Bank.

✅ How to close Personal Loan in HDFC Bank?

To close a personal loan from HDFC Bank, you first have to make sure that you have paid all the outstanding loan amount along with any charges as applicable. Once that is done, you should make sure to collect the payment receipt and no dues certificate for future reference.

✅ How to check HDFC Bank Personal Loan Status?

You can check the personal loan status by contacting the HDFC Bank on their customer care number or through the loan status webpage of the HDFC Bank website. You can also contact Dialabank and leave all your financial worries to us.

✅ How to close HDFC Bank Personal Loan Online?

To close a personal loan from HDFC Bank follow these steps:

  • Visit the online payment page of the HDFC Bank website.
  • Log in using your loan account credentials.
  • Pay all the due amount for your personal loan and save the transaction receipt.
  • Visit the branch and take a no dues certificate using your payment receipt. 

✅ How to pay HDFC Bank Personal Loan EMI Online?

Your personal loan EMIs can be paid using the online and mobile banking services of HDFC Bank. Dialabank compares financial products of different banks and helps you choose the best and the lowest EMI personal loan available. Just fill in a simple form and let us do the hard work for you.

✅ How to check Personal Loan Balance in HDFC Bank?

To check the personal loan balance in HDFC Bank, you will have to contact the customer care number or visit the nearest branch of HDFC Bank. To get lower interest personal loans with easy EMI structure, fill in a simple form for Personal Loan Balance Transfer by visiting Dialabank, and we will do the rest for you.

✅ How to download HDFC Bank Personal Loan Statement?

To download the personal loan statement of HDFC Bank, use the HDFC Bank mobile banking app. You can also fill a form by visiting Dialabank to compare all the personal loan offers that we have for you. 

✅ How to Top Up Personal Loan in HDFC Bank?

To avail of a top-up on your personal loan from HDFC Bank, you will need to contact your HDFC Bank loan branch in-person. You may also simply fill a form with Dialabank at Personal Loan Top Up and leave the hard work to us.

✅ What happens if I don’t pay my HDFC Bank Personal Loan EMIs?

HDFC Bank charges you with the penal interest of 2% per month on your outstanding loan amount if you do not pay your personal loan EMIs. 

✅ How to find the HDFC Bank Personal Loan account number?

To find your HDFC Bank personal loan account number, you will have to contact your HDFC Bank loan branch. You can also fill a form available at Dialabank to leave the hard work to us.

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