HDFC Bank Personal Loans

HDFC Bank Personal Loan

Processing Fee

Loan Amount
₹ 15 Lacs Max.
1 - 5 Years

HDFC Bank Personal Loan

HDFC Bank Personal Loan at a glance

Annual Interest Rate

11.39% - 20.99%

Loan Term

12 Months - 72 Months

Loan Amount

Rs. 1 Lac - Rs. 20 Lacs

Time of Funding

Within 4 hours of Loan Approval

Pre-Payment Charges

Upto 4% of Principal Outstanding


  • Loan Application with recent photographs
  • Residence proof (any one of the following): Passport / Ration Card / Electricity bill / Landline bill
  • Identity proof (any one of the following): Passport / Driving License / PAN Card / Aadhaar card along with Employee ID Card
  • Age Proof (any one of the following): Voter ID / PAN Card / Aadhaar card
  • Income Proof (any one of the following): Latest payslip/Form 16/IT return copy as proof of income
  • Bank statement of the last 3 months (Or 6 months Bank Passbook statement)

Compare HDFC Bank Personal Loans to Other Banks

Bank Name HDFC Bank


11.39% - 20.99%

Maximum Lending Amount

Rs. 40 Lacs

Processing Fee

Up to 2.50% of the loan amount. MinRs. 1,999 and Max Rs. 25,000 for Salaried Customers


Not Necessary


4% of Principal Outstanding for prepayment made during 13-24 Months

3% of Principal Outstanding for prepayment made during 25-36 Months

2% of Principal Outstanding for prepayment made after 36 Months

Lending Terms

  • Interest Rate Range: 11.39% - 20.99% per annum
  • Loan Amount: Rs. 50,000 to up to Rs. 40 Lacs
  • Loan Duration: Minimum 12 Months to Maximum 60 Months
  • Loan Disbursement: Within 4 hours of Loan Approval

HDFC Bank Personal Loan Rate of Interest

Personal Loan Type Applicable Interest Rate

HDFC Bank Personal Loan for Salaried

10.70% - 13.70% per annum


Is there any special benefit on availing HDFC Personal loan?

As a customer of HDFC Bank, you'll get many offers when availing a HDFC Personal Loan, such as –

  • Personal Accident cover of up to Rs. 8 lakhs offered by HDFC Ergo GIC Ltd.
  • Critical Illness cover of up to Rs. 1 lakh for a nominal premium offered by HDFC Ergo GIC Ltd.
  • Personal loan security with credit shield cover equal to the outstanding loan amount.
  • Flat processing fee of only Rs. 999 on Balance Transfer.
  • Quick Personal Loan eligibility check, online or at select HDFC branches in just 60 seconds.
  • Loan Disbursal in One working day once all your documentation is completed.
  • Special Loan offers for female employees.
  • Special offers for existing HDFC Bank account holders.
When can I pre-close my HDFC Personal Loan?

Yes, you can pre-close your HDFC Bank Personal Loan. However, the prepayment can be made until the first 12 EMIs are paid.

Can I switch interest rate on my HDFC Personal Loan from Floating to Fixed?

Yes, HDFC Bank allows its borrowers to switch from to Fixed interest rate from Floating.

Can I reschedule or postpone my EMI?

Yes, you can reschedule your EMIs. HDFC Bank will levy a charge of Rs. 200 on you for rescheduling EMIs for your Personal Loan.

What are the applicable charges for CIBIL report copy?

HDFC Bank charges Rs. 50 for each copy of CIBIL Report of Personal Loan.

What are the costs associated with availing a Personal Loan?

Availing of a Personal Loan attracts several charges, which is paid by the borrower. Here is a list of charges associated with HDFC Personal Loan –

  • Processing Fee
  • Stamp Duty and Other Statutory Charges
  • Cheque Swapping Charges
  • Charges for the copy of CIBIL report
  • Legal Charges
  • Late Payment Charges, if any
  • Cheque Bounce and Amortization Charges, if any
  • Some Other charges includes, prepayment charges and part-payment charges, depending on the condition.
How can I repay my HDFC Personal Loan?

You can repay the your personal loan in EMIs, pay through PDCs (Post-Dated Cheques). You can also give Standing Instruction (SI) or to debit your HDFC Bank account with the EMI amount or pay through ECS (Electronic Clearance System in case of Non-HDFC bank account.

How does a HDFC Salary Account help me get Personal loan?

An existing customer who owns HDFC Salary account, get preferred rate of interest and processing fee. Since you are an existing HDFC customer, you don't need to provide all the documents when applying for HDFC Personal Loan.

What will be done with the post dated cheques if I request to change the mode of repayment / account for my loan?

Post Dated Cheques (PDCs) submitted towards the repayment of the loan, that have not been cashed, will be defaced and retained by the Bank.

In case, you wish to have your old PDCs to be returned, you need to file a request at the Retail Loan Service Center or through HDFC PhoneBanking or contact through email at within 45 days from the date of application of change in repayment instructions.

In case, no request is made by you in within the stipulated period, the defaced cheques will be destroyed.

How can I change the mode of repayment/ account for my personal loan? And, what are the applicable charges?

If you wish to change the mode of repayment instrument or bank account for repayment of your loan, you may visit the nearest the Retail Loan Service Center and submit your request with the revised account instructions.

A service charge of Rs. 500 is applicable for changes in loan repayment instructions, given by a non-HDFC Bank Account (ECS or PDC facility). A cheque / pay-order / demand draft for Rs. 500 favouring HDFC Bank Ltd Loan Account No. XXXXXX will be necessary along with the revised set of repayment instructions.