HDFC bank offers up to 40 lakhs 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 | 40,000 Net Salary |
| Loan Tenure | 12 to 60 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% interest rate per annum. This is a lower interest rate compared to other finance.
Fast Disburse: The loan disbursement process is very fast. 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 for 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 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
- The minimum net salary 40,000 required
Documents Required for HDFC Bank Personal Loan
- Pan Card
- Aadhaar Card
- Recent 3 months’ salary slip
- Recent 6-month bank statement pdf format
- Electricity bill/ Gas bill / Property paper/ Rent Agreement for residence proof.
Also Read: LazyPay Xpress Cash 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 |
How to Apply for HDFC Bank Personal Loan
Step 1: Click on the “HDFC Personal Loan” button to apply.
Step 2: Start to log in through the mobile number
Step 3: Fill in the details carefully
Step 4: Upload your KYC documents like your Aadhaar Card, Pan Card, Bank Statement & Salary Slips.
Step 5: Now the bank will check your eligibility
Step 6: If you are eligible, you will get the 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
My salary is 50,000. Can I apply for a loan?
You are eligible to apply. Bank will check other details like previous loan repayment track, residence documents, and other factors.
How much loan does HDFC bank offer?
HDFC bank provides up to 40 lakhs instant loans.
Can I get the loan within 24 hours?
HDFC provides a digital loan process within 24 hours.
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.
Is HDFC bank offering a floating or fixed interest rate?
HDFC bank offers a fixed interest rate.