HDFC Bank
Max. Loan Amt.
Up to ₹40.00 Lakh
Rate of Interest
9.99% - 12.50%
Tenure up to
1 - 6 Years
Processing Fee
₹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:
|
| Part-payment Fees | For salaried:
|
| Documentation |
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Apply for Best HDFC Bank Personal Loan with MybankingTips
Apply NowWhy 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
Apply NowTypes 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
Apply NowHDFC 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.
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