HDFC Bank Personal Loan

HDFC Bank offers personal loans at attractive interest rates starting from 9.99% p.a. You can borrow up to ₹40 lakh with flexible repayment tenures of up to 6 years. Select existing customers can also get pre-approved loans with instant disbursal in just 10 seconds.

If you already have a personal loan from another bank or NBFC, you can transfer it to HDFC Bank at lower interest rates starting from 10.90% p.a. The bank charges a processing fee of up to ₹6,500 + GST.

HDFC Bank

HDFC Bank

Check Eligibility
Max. Loan Amt.

Up to ₹40.00 Lakh

Rate of Interest

9.99% - 12.50%

Tenure up to

1 - 6 Years

Processing Fee

₹Rs 6500

10 Second Disbursal*Quick Disbursal

Features of HDFC Personal Loan

  • No collateral required – You don’t need to pledge any security to get the loan.
  • Quick disbursal – Loan amount is usually credited within 1 day of application.
  • Flexible interest rates – Ranges from 10.90% p.a. to 24.00% p.a.
  • Sarv Suraksha Pro policy – Offers credit shield cover, accidental hospitalisation cover, and permanent disability/accidental death cover.
  • Optional insurance cover – Provides protection against personal accidents and critical illnesses.
HDFC Bank Personal Loan Highlights
Interest Rate 9.99% – 12.5% p.a
Loan Amount Up to Rs 25 lakh
Tenure Up to 5 years
Minimum Monthly Salary Rs 25,000
Processing Fee Rs 3499 – Rs 6500
Pre-approved instant personal loan Offered to select customers of HDFC Bank with loan disbursal in 10 seconds
Pre-closure Charges For salaried:
  • Up to 24 EMI – 4% of outstanding principal
  • Post 24-36 EMI – 3% of outstanding principal
  • Above 36 EMI- 2% of outstanding principal
Part-payment Fees For salaried:
  • 4% of principal outstanding (Up to 24 EMI)
  • 3% of principal outstanding (Post 24-36 EMI)
  • 2% of principal outstanding (After 36 EMI)
Documentation
  • Proof of Identity
  • Proof of Address
  • Bank statements (last 3 months)
  • Salary slips (latest)

Apply for Best HDFC Bank Personal Loan with MybankingTips

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Why Choose HDFC Bank Personal Loan

  • Paperless Process – Get instant funds through Xpress Personal Loan with a 100% digital process.
  • Pre-Approved Offers – Special personal loan offers available for eligible existing customers.
  • Minimal Paperwork – Hassle-free application with fewer documents, especially for HDFC Bank account holders.
  • Quick Disbursal – Instant loan disbursal within 10 seconds for select customers.
  • Balance Transfer Facility – Transfer your existing personal loan to HDFC Bank at lower interest rates and better terms.

 

HDFC Bank Personal Loan Interest Rate

HDFC Bank offers personal loans starting from 9.99% p.a. The final interest rate depends on factors such as your credit score, monthly income, job profile, and employer’s profile. 

Interest Rate Details
Minimum Rate 9.99% p.a.
Maximum Rate 12.50% p.a.

 

HDFC Bank Personal Loan EMI Calculator

 The HDFC Bank Personal Loan EMI Calculator helps you quickly estimate your monthly EMI and the total interest payable over the loan tenure. Simply enter the loan amount, interest rate, and tenure to get instant results.

Total Repayment = Principal + Interest

Monthly EMI

Rs. 0

Total Interest

Rs. 0

Total Repayment

Rs. 0

 

HDFC Bank Personal Loan Processing Fees and Charges 

Fee Charge
Processing Charges Rs 3,499- Rs 6,500
Stamp Duty and other statutory charges As per the laws of the state
Legal/Incidental Charges At actuals
Amortization Schedule Charges Rs 50 per schedule for a physical copy

Borrowers can also download it from the bank’s website free of cost.
Repayment mode change charges Rs 500
Loan Cancellation Charges Loan cancellation is allowed during the cooling-off period from the date of the loan disbursement. The interest charged from the disbursement date till the loan cancellation date will be the borne by the borrower
Rebooking Charges Rs 1,000 plus taxes
Delayed instalment payment charge 1.50% p.m. (18% p.a.) plus taxes on overdue instalment amount. The charge will be applicable for all accounts where EMI remains unpaid after the expiry of the grace period of 7 calendar days from the due date of the EMI
Pre-payment in Part/Full Part-payment allowed up to 25% of Principal outstanding. It is allowed once in the financial year and twice during the loan tenure.
Pre-payment Charges on Principal Outstanding/Part Payment Charges Salaried:

Up to 24 EMI – 4% of outstanding principal

Post 24-36 EMI – 3% of outstanding principal

Above 36 EMI- 2% of outstanding principal

Apply for Best HDFC Bank Personal Loan with MybankingTips

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Types of HDFC Bank Personal Loan

Loan Type Purpose Loan Amount Tenure
Golden Edge Personal Loan For individuals with a minimum monthly income of Rs 75,000 to meet personal needs like home renovation, vacation, medical emergencies, weddings, and higher education Rs 10 lakh – Rs 40 lakh Up to 5 years
Marriage Loan To meet wedding-related expenses Rs 50,000 – Rs 40 lakh 1 – 5 years
Travel Loan To finance travel and vacation expenses Up to Rs 40 lakh Up to 5 years
Home Renovation Loan For expenses related to home improvement like remodeling, furniture replacement, wiring, and new fixtures Up to Rs 40 lakh Up to 5 years
Personal Loan for Teachers For personal needs of teachers in private or government schools/colleges Up to Rs 40 lakh Up to 5 years
Personal Loan for Women For women to finance personal needs like education, travel, wedding, emergencies Rs 50,000 – Rs 40 lakh Up to 5 years
Personal Loan for Salaried For salaried individuals to meet personal financial needs Rs 50,000 – Rs 40 lakh Up to 5 years
Personal Loan for Government Employees To meet personal requirements of government sector employees Up to Rs 40 lakh Up to 6 years
Personal Loan Balance Transfer For transferring existing personal loans from other banks/NBFCs to HDFC Bank at lower interest rates Based on existing loan –
Xpress Personal Loan Instant digital personal loan for meeting urgent personal needs Up to Rs 40 lakh Up to 5 years

 

How to Apply for HDFC Instant Personal Loan

HDFC Bank has partnered with mybankingtips to provide instant personal loans of up to ₹40 lakh through its website or mobile app. With mybankingtips, you can also compare HDFC Bank offers with other top lenders like ICICI Bank, Axis Bank, and more.

5 Easy Steps to Apply via mybankingtips:

Step 1: Start your application by entering your mobile number.
Step 2: Select your employment type – salaried or self-employed.
Step 3: Verify your details securely using the OTP sent to your registered mobile number.
Step 4: Choose the loan amount and mention the purpose (wedding, travel, medical, home renovation, etc.).
Step 5: Review available offers from HDFC Bank and other lenders, compare, and apply instantly.

 

HDFC Bank Personal Loan – Eligibility & Documents

Who Can Apply?

  • Employees of private companies, public sector undertakings, and government bodies (central, state, or local) are eligible.
  • Age Requirement: Minimum 21 years at the time of application; maximum 60 years at loan maturity.
  • Work Experience: At least 2 years of total work experience, with minimum 1 year in the current job.
  • Income Criteria:
    • Salary account with HDFC Bank – minimum monthly income of ₹25,000
    • No HDFC salary account – minimum monthly income of ₹50,000
  • Loan approval is also subject to the applicant’s credit score.
     

Golden Edge Personal Loan – Additional Conditions

  • Open to employees of private limited companies and PSUs.
  • Applicant must be 21 to 60 years at loan maturity.
  • Minimum monthly salary requirement: ₹75,000.
  • At least 2 years of total work experience and 1 year with the present employer.
     

Documents Required for HDFC Personal Loan

  • Identity Proof: Aadhaar Card / Driving License / Voter ID / Passport
  • Address Proof: Aadhaar Card / Driving License / Voter ID / Passport
  • Income Proof: Last 3 months’ salary slips or latest salary certificate with Form 16
  • Bank Statements: Past 3 months (or 6-month passbook)
     

Extra Documents for Golden Edge Loan

  • Photo ID and address proof
  • PAN card copy
  • Company ID card
  • Salary slips for last 3 months
  • Salary account statements for last 3 months
  • Form 16 of the previous financial year

Apply for Best HDFC Bank Personal Loan with MybankingTips

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HDFC Personal Loan Balance Transfer

HDFC Bank allows customers to transfer their ongoing personal loan from other banks/NBFCs at lower interest rates and better terms.

Highlights:

  • Interest rates starting from 10.90% p.a.
  • Applicable for applicants with Net Take Home Salary above ₹50,000
  • Flat processing fee of ₹6,500 + GST
  • Simple process with minimal documentation and fast approval

 

HDFC Bank Personal Loan Customer Care

  • Toll-Free Helpline: 1800 1600 / 1800 2600 (available across India)
  • Virtual Assistant: Customers can also chat with EVA, HDFC Bank’s AI-powered assistant, for instant support and quick solutions.

 

Apply for Personal Loan Across Various Loan Amounts

50000 Personal Loan 2 Lakh Personal Loan 4 Lakh Personal Loan 6 Lakh Personal Loan 15 Lakh Personal Loan 30 Lakh Personal Loan 50 Lakh Personal Loan
1 Lakh Personal Loan 3 Lakh Personal Loan 5 Lakh Personal Loan 10 Lakh Personal Loan 20 Lakh Personal Loan 40 Lakh Personal Loan 75 Lakh Personal Loan

Frequently Asked Questions

Everything you need to know about this personal loan

HDFC Bank personal loan rates begin at 9.99% p.a.. The exact rate is based on your credit history, income, employer category, and other eligibility factors

You will need basic KYC documents (Aadhaar, Passport, Voter ID, or Driving Licence), the last 3 months’ salary slips, and bank statements. Some cases may also require Form 16.

Applications can be made online via the HDFC Bank website, Mobile Banking App, through financial platforms like mybankingtips, or by visiting an HDFC Bank branch.

Your personal loan statement can be downloaded anytime from NetBanking, the Mobile App, or collected from the nearest branch.

Yes, provided other conditions such as your credit score, existing EMIs, and employer profile meet HDFC’s policy. The bank’s minimum salary requirement is ₹25,000 per month

The processing fee typically falls between ₹3,499 and ₹6,500 plus GST.

Yes, you may request a top-up loan if you have paid at least 6 EMIs on your current personal loan and maintained a good repayment record.

At an interest rate of 10.90% p.a. for 5 years, the EMI works out to roughly ₹21,700 per month.

Generally, a credit score of 650 or higher improves your chances of approval.

The bank decides based on your income-to-obligation ratio (EMI/NMI), usually keeping it under 50–55% of your net monthly income.

EMIs can be paid via ECS, standing instructions, or post-dated cheques. Customers with HDFC accounts can set up automatic debits.

For most applicants, disbursal happens within 4 working days. For pre-approved HDFC customers, funds may be credited in just 10 seconds.

You can log in to NetBanking, use the Mobile App, or contact the branch to check your outstanding balance.

Yes, it can speed up approval and may help secure better rates, though other factors like credit profile and income still matter.

Yes, foreclosure is allowed after 12 EMIs, with charges of up to 4% of the outstanding principal.

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