HDFC Personal Loan

HDFC offers personal loans at affordable interest rates, starting from just 9.99% per year. You may avail a loan of up to ₹40 lakh with flexible repayment tenure of up to 5 years. A processing fee of up to Rs. 6500 +GST of the approved loan amount may be levied, in accordance with the bank's applicable terms and conditions.

HDFC Personal Loan
Instant Loans Up To Rs. 40 Lakhs
100% Paperless Approval
✔
Loan Amount
Up to ₹40L
Interest Rate
9.99% - 24.00%
Tenure
1 - 5 Years
Processing Fee
₹ 4,999
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Fees & Eligibility
Fees & Charges
  • Pre-closure fees: If you close the loan early, a fee is charged on the remaining loan amount. This is 4% in the second year, 3% in the third year, and 2.5% from the fourth year onwards, plus taxes.
  • Part-payments: You can make part-payments only after 12 months. A fee applies based on when you pay: 4% between 13 to 24 months, 3% between 25 to 36 months, and 2% after 36 months, plus taxes.
  • Limits on part-payments: You are allowed only twice during the entire loan period, once per year, and each payment cannot be more than 25% of the remaining loan amount.
Eligibility Criteria
  • If you have a salaried job, your age must be between 21 and 60 years to be eligible.
  • For self-employed individuals, the age should be between 21 and 65 years.
  • You must earn at least ₹20,000 per month to apply (₹25,000 if you live in Madhya Pradesh).
Documents
  • KYC - PAN, address and ID proof.
  • Income proof, bank statement and a photograph.
Features
What you'll love

You can pre-close the loan after 1 year, but it’s subject to certain conditions. This offer is available only if you upload all the required documents online.

Loan Benefits
- If you're pre-approved, you'll get the loan in just 10 seconds. Others can get it within 4 hours.
- Requires minimal documentation.
- Insurance options available.
Proof of identity
You can use any government-issued ID like your Aadhaar card, driving licence, passport, or voter ID.
Proof of address
Voter ID Card, Aadhaar Card, Passport, or Driving Licence
Other documents
-You can give your bank statements from the past 3 months or your passbook showing transactions from the last 6 months.
-Latest salary slip or salary certificate
-Form 16
-Passport-size photograph
  • You can get a personal loan without having to offer any property or valuables as a guarantee.
  • The loan is disbursed within a day of applying.
  • HDFC offers personal loans with interest rates starting from 9.99% and going up to 24% per year, depending on factors like your credit score, income, and loan amount.
  • Borrowers can go for the ‘Sarv Suraksha Pro’ policy, which gives protection by covering loan payments in case of accidental death, hospital stay due to an accident, or permanent disability.
  • Borrowers can also choose to get extra insurance that covers personal accidents and serious illnesses.
Fees and Charges for this Personal Loan
Pre-payment/Part-payment charges
- If your loan is between 13 and 24 months, you’ll have to pay a 4% fee on whatever amount is still left to repay.
- If your loan is for 25 to 36 months, the charge will be 3% of the remaining loan amount.
- If your loan is for more than 36 months, the charge will be 2% of the remaining loan amount.
Overdue EMI interest
If you miss a payment, a 2% fee per month will be added on the pending amount or EMI.
Stamp duty and other statutory fees
According to the laws of the state where the person lives
Amortization schedule fee
Rs.200.00
Cheque bounce charges
1st return: Rs.450 + taxes per instance
If you return an item for the second time in a month, you'll be charged ₹500 plus taxes each time.
From the third return onwards, the fee will be ₹550 plus taxes for each return.
Incidental or legal charges
At actual
Cheque swapping fee
Rs.500.00
Frequently Asked Questions

Who is eligible for an HDFC personal loan?

HDFC personal loans are meant only for salaried individuals. You must be employed in a private company, public sector unit, or government organization. Self-employed persons and business owners are not eligible.

What is the interest rate type on HDFC personal loans?

HDFC offers personal loans only at a fixed interest rate. This means your EMI amount remains the same for the entire loan tenure. Floating interest rates are not available.

What is the repayment period for an HDFC personal loan?

You can choose a repayment tenure between 1 year and 5 years, which translates to 12 to 60 monthly EMIs.

Is part-payment allowed on HDFC personal loans?

Yes, part-payment is allowed for loans disbursed on or after 1 April 2018. However, you can make a part-payment only after completing at least 12 EMIs.

When can I apply for an HDFC top-up loan?

You can apply for an HDFC top-up loan only when you transfer your existing loan to HDFC Bank through a balance transfer.

How can I check my HDFC personal loan application status?

You can check your loan application status by visiting the HDFC Bank website and entering your application or reference number along with your registered mobile number or date of birth.