HDFC Bank Personal Loan
HDFC Bank Personal Loan Interest Rates start from 11.25% - 16% p.a. Get instant Personal Loan up to Rs. 40 lakhs online from HDFC for multiple purposes. With minimum documents and easy to meet Personal Loan Eligibility Criteria, it is completely hassle free to apply for HDFC Personal Loan. You can instantly calculate EMI for the loan using EMI Calculator and get instant approval for an attractive interest rate on personal loan.
HDFC Personal Loan Details
| Loan Feature | Details |
| Interest Rate | 11.25% |
| Purpose | All personal expenses including travel, medical emergencies, education, wedding, and travel. |
| Loan Quantum | Up to Rs.25 Lakhs |
| Eligibility age | Minimum age: 21 yearsMaximum age: 60 years at the end of loan tenure |
| Minimum income required | Rs.25000 per month |
| Repayment tenure | Up to 60 months |
| Processing Fees | Up to 2.5% of the loan amount |
| Prepayment Charges | 2%-4% of the principal amount outstanding |
Features & Benefits of HDFC Personal Loan
HDFC customers can get HDFC Pre-approved Personal Loan in just 10 seconds and regular loans in under 4 hours
- Get a response within one day of submitting your HDFC Personal Loan Document.
- Customers have the option of getting personal loan security to cover the outstanding loan amounts.
- Balance transfer option available at interest rates as low as 11.25%
- Get 24x7 assistance for any queries on your personal loans.
- The bank has launched the consent-based Video KYC facility for personal loan and saving accounts to verify the customer’s identity digitally
HDFC Personal Loan Interest Rate
HDFC personal loans are one of the best funding options available in the market right now to finance all your personal as well as business requirements. Find out the updated HDFC personal loan interest rate 2022 and apply online instantly for the loan. HDFC Bank Personal Loan Interest Rates are affordable and that result in lower EMIs. The current HDFC personal loan interest rate starts from as low as 11.25% p.a., depending on the borrower’s Credit Score, income, age, loan amount and other eligibility factors.
How to Apply for an HDFC Personal Loan
To apply for an HDFC Personal Loan, you just need to complete a few steps:
- Check your HDFC Personal Loan Eligibility using the calculator.
- If you fulfill the criteria, click on the ‘E-connect’ button.
- Fill up the form and upload the necessary documents.
- Submit the form and the loan will be disbursed within a few hours of approval.
HDFC Bank Personal Loan Eligibility Criteria
- Indian residents, who are employees of any private limited company or public sector undertaking (central, state or local bodies), can apply.
- Age of the applicant must be between 21-60 years
- The minimum work experience required is at least 2 years, and the applicant must have served with their current employer for a minimum of 1 year.
- The minimum net monthly income required is Rs. 25,000 for HDFC Bank salary account holders and Rs. 50,000 for Non-HDFC Bank salary account holders.
- If your income level or credit score is lower than the requirement of the lender, you can bring in a co-applicant (spouse, father, or other eligible co-applicants) to increase your HDFC Personal Loan eligibility.
HDFC Personal Loan Verification Process
- Once you have filled the Online Personal Loan Application form on MyMoneyMantra, your personal loan application will be processed by the bank.
- HDFC bank will go through your application form and on being completely satisfied, it will give you a verification call.
- Once the Personal Loan Verification Process is completed, the required documents will be picked up by our personal loan experts from your home or office.
- On submitting all applicable documents successfully, they will be checked for further verification by the bank.
- After verification, the bank will call you to confirm the final loan amount, personal loan interest rate, and repayment tenure.
- Once the bank gets the confirmation from you, the loan amount will be disbursed into your bank account.