HDFC Bank offers up to 40 lakhs of personal loans for salaried persons. The repayment tenure is 12 to 60 months. HDFC Bank’s instant personal loan interest rate starts from 10.75% per annum.
It is a completely digital process. You can apply from anywhere in India.
HDFC Bank Personal Loan Quick Recap
| Interest rate | 10.75%- 21% p.a. |
| Loan Amount | Up to 40 lakh |
| Salary Required | 25,000 Net Salary |
| Loan Tenure | 12 to 72 months |
| Age Required | 21 to 60 years |
| Processing Fees | 2.5% of Loan Amount + GST Charge |
| Eligible For | Salaried Person |
Benefits of HDFC Bank Instant Personal Loan
Balance Transfer: You can transfer previous personal loans from other banks to HDFC and get a lower interest rate.
No collateral: Don’t need any guarantor to apply for a loan.
Repayment Tenure: Get 1 to 5 years of loan repayment tenure.
Affordable Interest Rate: HDFC Bank provides a 10.75% annual interest rate. This is a lower interest rate compared to other finance.
Fast Disbursement: The loan disbursement process is speedy. Get the loan within 24 hours.
No Other Charges: There are no other charges. You have to pay the processing charge and GST charges.
Pre-approved Offer: HDFC Bank gives pre-approved offers to existing HDFC bank customers.
Also Read: Personal Loan for Minimum Salary 13000
Eligibility of HDFC Bank Personal Loan
Check out the eligibility criteria to apply for an HDFC bank personal loan:
- Applicant should be an Indian Citizen
- Applicant’s age should be 21 to 60 years
- A minimum 2 years of work experience required
- For HDFC Bank salary account holders, the minimum net salary is Rs. 25,000. If you have another bank salary account, a minimum salary of Rs. 50,000 is required.
- The borrower’s job profile must be with a private limited company, public limited company, or central/state/local government undertaking.
Documents Required for HDFC Bank Personal Loan
- Pan Card
- Aadhaar Card
- Recent 3 months’ salary slip with form 16
- Recent 6 months bank statement pdf format
- Electricity bill/ Gas bill / Property paper/ Rent Agreement for residence proof
Also Read: Credit Saison Personal Loan
HDFC Bank Personal Loan Interest & Other Charges
| Interest rate | 10.75%- 21% p.a. |
| Processing fee | 2.5% of the Loan Amount |
| Overdue EMI Interest | 2% per month on Overdue amount |
| Cheque Swapping charge | Rs. 500 |
Types of HDFC Bank Personal Loan Available
- Home renovation loan
- HDFC Bank Golden Edge Personal Loan
- HDFC Bank Marriage Loan
- HDFC Bank Travel Loan
- Personal Loan for Teacher
- HDFC Bank Personal Loan for Women
- HDFC Bank Personal Loan Balance Transfer
- HDFC Bank Xpress Personal Loan
How to Apply for an HDFC Bank Personal Loan
Step 1: Provide borrower information through an online application.
Step 2: Enter basic information about yourself and other details.
Step 3: Fill in the details carefully without wrong mistakes.
Step 4: Provide your KYC documents like your Aadhaar Card, PAN card, Bank Statement & Salary Slips to 24hrLoan customer representatives.
Step 5: Now the bank will check your eligibility and other requirement details.
Step 6: If you meet the requirements, you will receive a loan offer.
Also Read: Indusind Bank Instant Personal Loan
HDFC Bank Personal Loan Customer Care
You can contact HDFC Bank customer care for loans or other queries. Customer care solves your queries within 24 hours.
Customer Care Number: 1800 202 6161 / 1860 267 6161
Complain number: 1800 258 3838
Office Address:
HDFC Bank Ltd.
Empire Plaza I, 1st Floor,
LBS Marg, Chandan Nagar,
Vikhroli West, Mumbai – 400083
FAQs on HDFC Bank Personal Loan
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My salary is 50,000. Can I apply for a loan?
You are eligible to apply. The Bank will check other details like previous loan repayment track, residence documents, and other factors.
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How much loan does HDFC Bank offer?
HDFC Bank provides up to 40 lakhs instant loans.
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Can I get the loan within 24 hours?
HDFC provides a digital loan process within 24 hours. Sometimes it may take 72 hours for loan approval.
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What is the interest of 3 lakhs in HDFC?
If you apply for a 3 lakhs personal loan at a 10.75% interest rate with 3 years tenure, your EMI would be Rs. 9,786 per month. You have to pay Rs. 52,301 total interest within 3 years.
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Is HDFC Bank offering a floating or fixed interest rate?
HDFC Bank offers a fixed interest rate that starts at 10.75% p.a. Customer creditworthiness is one of the common factors for loan approval.