HDFC Bank Personal Loan Interest Rate @ 9.99% p.a.

If you are planning to take a personal loan, understanding how interest is calculated can help you save money and avoid overpaying.

HDFC Bank offers personal loans at competitive rates, starting from 9.99% to 12.50% p.a. for eligible borrowers. However, the final rate you get depends on multiple factors.

HDFC Bank Personal Loan Interest Rate

Generally, HDFC Bank offers lower-interest personal loans, which start from 9.99% annually. But the interest rate depends on the borrower’s income and credit profile.

Category	Interest Rate
Starting Rate	9.99% p.a.
Maximum Rate	Up to 12.50% p.a.

HDFC Bank Personal Loan Other Charges

Charges	Details
Processing Fee	Up to 2.5% of loan amount
Prepayment Charges	2% – 4%
Foreclosure Charges	Up to 4%
Late Payment Fee	₹500 – ₹1,000
Penal Interest	2% per month
GST	18% on all charges

Also Read: Piramal Finance Personal Loan Interest Rates

HDFC Personal Loan Eligibility Criteria

Criteria	Requirement
Age	21 to 60 years
Employment	Salaried individuals
Minimum Salary	₹25,000+
Work Experience	Minimum 1 year
CIBIL Score	700+ (750+ for best rates)

Documents Required

• PAN Card
• Aadhaar Card
• Salary slips (last 3 months)
• Bank statements (6 months)

Top Lender Offers Personal Loan at Low Interest

Lender	Interest Rate (p.a.)	Loan Amount	Processing Fees
HDFC Bank	9.99% – 21%	Up to ₹40 Lakhs	Up to 2.5%
ICICI Bank	10.50% – 20%	Up to ₹50 Lakhs	Up to 2.25%
Axis Bank	10.49% – 21%	Up to ₹40 Lakhs	Up to 2%
State Bank of India	10.30% – 15%	Up to ₹30 Lakhs	Low
Kotak Mahindra Bank	10.99% – 16.99%	Up to ₹35 Lakhs	Up to 2.5%
IndusInd Bank	11% – 22%	Up to ₹25 Lakhs	Up to 2%
IDFC FIRST Bank	10.49% – 20%	Up to ₹40 Lakhs	Up to 2%
Punjab National Bank	10.40% – 16%	Up to ₹20 Lakhs	Low
Bank of Baroda	10.50% – 16%	Up to ₹20 Lakhs	Up to 2%
Canara Bank	10.50% – 15%	Up to ₹20 Lakhs	Low
Union Bank of India	10.50% – 15.5%	Up to ₹15 Lakhs	Low
Bank of India	10.75% – 15.5%	Up to ₹20 Lakhs	Low
Yes Bank	11% – 21%	Up to ₹40 Lakhs	Up to 2.5%
Federal Bank	11% – 17%	Up to ₹25 Lakhs	Up to 2%
RBL Bank	12% – 23%	Up to ₹20 Lakhs	Up to 3%
AU Small Finance Bank	11% – 22%	Up to ₹20 Lakhs	Up to 3%
Bajaj Finance	11% – 26%	Up to ₹35 Lakhs	Up to 3%
Tata Capital	10.99% – 24%	Up to ₹35 Lakhs	Up to 2.75%
Aditya Birla Finance	11.99% – 25%	Up to ₹30 Lakhs	Up to 3%
Piramal Finance	12% – 26%	Up to ₹20 Lakhs	Up to 3%
L&T Finance	11% – 24%	Up to ₹25 Lakhs	Up to 3%
IIFL Finance	12% – 24%	Up to ₹20 Lakhs	Up to 3%
Fullerton India (SMFG)	12% – 26%	Up to ₹25 Lakhs	Up to 3%
Hero FinCorp	13% – 28%	Up to ₹15 Lakhs	Up to 3%
DMI Finance	13% – 28%	Up to ₹10 Lakhs	Up to 3%

Factors Affecting HDFC Personal Loan Interest Rate

When you apply for a loan from HDFC Bank, the interest rate depends on your financial profile. Here are the key factors explained briefly:

Credit Score

Your credit score shows your repayment history. A score of 750+ helps you get lower interest rates, while a low score can increase your loan cost or reduce approval chances.

Monthly Income

Higher and stable income means better repayment capacity. If your income is high, you are more likely to get a lower interest rate.

Existing Financial Obligations

If you already have multiple EMIs or debts, your financial burden increases. This can lead to higher interest rates. Lowering existing liabilities improves your chances of getting better offers.

Debt-to-Income Ratio (DTI)

This ratio shows how much of your income goes into EMIs. A low DTI (below 30–40%) indicates good financial health and helps you get lower rates, while a high DTI can increase your interest rate.

Also Read: Doctor Loan Interest Rates in India

HDFC Bank Personal Loan Interest Rate Calculation

Here’s an example to help you understand how EMI and total cost vary based on loan amount and tenure:

Loan Amount	Interest Rate	Tenure	EMI	Total Interest
₹1,00,000	9.99%	12 Months	₹8,790	₹5,480
₹2,00,000	10.50%	24 Months	₹9,260	₹22,240
₹3,00,000	11.00%	36 Months	₹9,820	₹53,520
₹5,00,000	12.00%	48 Months	₹13,170	₹1,32,160
₹7,00,000	12.50%	60 Months	₹15,750	₹2,45,000

Check the Personal Loan EMI Calculator to know your monthly EMI.

How to Get the Lowest Interest on HDFC Bank Personal Loan

Maintain Credit Score: To secure the lowest possible interest rate, you need to present a strong financial profile. Start by maintaining a high CIBIL score (750 or above), as this is the first thing lenders evaluate.

Pay EMI on Perfect Time: Make sure you pay all your EMIs and credit card bills on time, as even small delays can affect your eligibility.

Reduce Existing Debts: You should also try to reduce existing debts before applying, as a lower EMI burden improves your chances of getting better rates.

Loan Amount & Tenure: Choosing the right loan amount and repayment term is equally important—borrowing only what you need and opting for a shorter tenure can reduce your overall interest rate.

Pre-approved Offer: If you already have a relationship with HDFC Bank, such as a salary account or previous loan, you may receive pre-approved offers with lower interest rates.

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