HDFC Personal Loan

HDFC personal loans come with attractive rates starting at 10.85% per year. You can borrow up to Rs.40 lakh with flexible repayment terms of up to 5 years. The bank charges a processing fee of up to 2.5% of the loan amount.

HDFC Personal Loan
Instant Loans Up To Rs. 40 Lakhs
100% Paperless Approval
✔
Loan Amount
Up to ₹40L
Interest Rate
10.50% - 24.00%
Tenure
1 - 5 Years
Processing Fee
₹ 4,999
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Fees & Eligibility
Fees & Charges
  1. Pre-closure fees are charged if you pay off the loan early. In the 2nd year, the fee is 4% of the remaining loan amount (plus tax), 3% in the 3rd year, and 2.5% afterwards.
  2. Part-payments can only be made after 12 months. A 4% fee (plus tax) applies on part-payments made between 13 to 24 months, 3% on payments made between 25 to 36 months, and 2% after 36 months.
  3. Limits on part-payments: You can make part-payments twice during the loan period, once per year. The amount you pay cannot exceed 25% of the remaining loan amount.
Eligibility Criteria
  1. For salaried individuals, the age should be between 21 and 60 years.
  2. For self-employed individuals, the age should be between 21 and 65 years.
  3. The applicant must have a minimum monthly income of ₹20,000 (₹25,000 for applicants from 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
- Loan disbursed in 10 seconds for pre-approved customers, and in 4 hours for others.
- Requires minimal documentation.
- Insurance options available.
  • You don't need to provide any collateral or security to get a personal loan.
  • The loan is disbursed within a day of applying.
  • HDFC personal loan interest rates range from 10.85% to 24.00% per year.
  • Borrowers can choose the ‘Sarv Suraksha Pro’ policy, which covers credit shield, accidental hospitalization, and permanent disability/accidental death.
  • Borrowers can also get optional insurance for personal accidents and critical illnesses.
Proof of identity
Aadhaar Card, Driving Licence, Passport, or Voter ID Card
Proof of address
Voter ID Card, Aadhaar Card, Passport, or Driving Licence
Other documents
-Bank statements for the last three months or passbook of the last six months
-Latest salary slip or salary certificate
-Form 16
-Passport-size photograph
Fees and Charges for this Personal Loan
Pre-payment/Part-payment charges
- 4% of the outstanding principal if the loan tenure is between 13 to 24 months.
- 3% of the outstanding principal if the loan tenure is between 25 to 36 months.
- 2% of the outstanding principal if the loan tenure is over 36 months.
Overdue EMI interest
2% per month will be charged on the principal or EMI that is overdue
Stamp duty and other statutory fees
As per the laws of the state that the applicant resides in
Amortization schedule fee
Rs.200.00
Cheque bounce charges
1st return: Rs.450 + taxes per instance
2nd return in a month: Rs.500 + taxes per instance
From 3rd return onwards: Rs.550 + taxes per instance
Incidental or legal charges
At actual
Cheque swapping fee
Rs.500.00