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HDFC Bank Personal Loan

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Product Rating

4.7 /5

Total - 379 ratings

5
247
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101
3
15
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Mode of Process

Online 

Location 

Delhi - NCR

Lending Size and Tenure 

1L-40L (12M to 72 M)

ROI

10.25%-16%

ROI (Fixed/Reducing)

Reducing

Processing Fees


 

3%

Foreclosure

As per Policies

Partial Payment Allowance

No

Dealing in Unsecured OD

No

HDFC Bank offers personal loans at 10.25% per annum for tenures of up to 6 years. These loans are available for loan amounts of up to Rs 40 lakh, and the customer can choose from a range of tenures depending on his or her needs. The bank also offers pre-approved loans to select customers with instant loan disbursal in just 10 seconds if you are a pre-approved customer so that they don't have to wait for days or even weeks to receive their money after applying. The bank also offers a personal loan balance transfer facility to existing borrowers at lower interest rates, which means they can avail of more funds while paying off their previous debts faster.

Here are a few factors about HDFC Bank Personal Loans

Mode of Process

Online 

Location 

Delhi - NCR

Lending Size and Tenure 

1L-40L (12M to 72 M)

ROI

10.25%-16%

ROI (Fixed/Reducing)

Reducing

Processing Fees


 

3%

Foreclosure

As per Policies

Partial Payment Allowance

No

Dealing in Unsecured OD

No

Negative Profile for HDFC Bank Personal Loans 

A negative list or negative profile is a list of areas of the city where residents would not qualify for credit approval. In India, this has been a relatively new development.

Jews

CONS

MCD Fourth Grade 

After the approval of your personal loan application, it will take 7 days for the amount to get disbursed.
 

Eligibility 

Documents Required 

  • The age of the applicant should be between 22 to 60
  • The min. salary of the applicant should be 25K 
  • The min. Employment should be 2 months of continuous salary 
  • The minimum CIBIL score has to be 700

 
  • Identity proof (copy of passport/voter ID card/driving license/Aadhaar)
  • Address proof (copy of passport/voter ID card/driving license/Aadhaar)
  • Last 3 Month Salary Bank Statement in PDF
  • Current last 2 months salary slip with the latest form 16

Let us take an example, How EMI is being calculated


For instance, if "Shubham" applies for a Personal loan of INR 1 Lacs and get the loan sanctioned at the rate of 15 % with a tenure range of 36 Months , in such a case his EMI would be INR 3,467 and complete repayment amount till the end of 36 Months tenure would be INR 1,24,795 (i.e 3,467 EMI * 36 Months), wherein the total interest amount is INR 24,795 along with principal repayment of INR ₹1,24,795 . Few additional charges like those of minimal one-time processing fee upto 2-3% of loan amount may apply. T&C apply.

Year Principal
(A)
Interest
(B)
Total Payment
(A + B)
Balance Loan Paid To Date
2022 ₹ 11,363 ₹ 5,969 ₹ 17,333 ₹ 88,637 11.36%
Aug ₹ 2,217 ₹ 1,250 ₹ 3,467 ₹ 97,783 2.22%
Sep ₹ 2,244 ₹ 1,222 ₹ 3,467 ₹ 95,539 4.46%
Oct ₹ 2,272 ₹ 1,194 ₹ 3,467 ₹ 93,267 6.73%
Nov ₹ 2,301 ₹ 1,166 ₹ 3,467 ₹ 90,966 9.03%
Dec ₹ 2,329 ₹ 1,137 ₹ 3,467 ₹ 88,637 11.36%
2023 ₹ 30,332 ₹ 11,266 ₹ 41,598 ₹ 58,305 41.70%
Jan ₹ 2,359 ₹ 1,108 ₹ 3,467 ₹ 86,278 13.72%
Feb ₹ 2,388 ₹ 1,078 ₹ 3,467 ₹ 83,890 16.11%
Mar ₹ 2,418 ₹ 1,049 ₹ 3,467 ₹ 81,472 18.53%
Apr ₹ 2,448 ₹ 1,018 ₹ 3,467 ₹ 79,024 20.98%
May ₹ 2,479 ₹ 988 ₹ 3,467 ₹ 76,545 23.45%
Jun ₹ 2,510 ₹ 957 ₹ 3,467 ₹ 74,036 25.96%
Jul ₹ 2,541 ₹ 925 ₹ 3,467 ₹ 71,495 28.51%
Aug ₹ 2,573 ₹ 894 ₹ 3,467 ₹ 68,922 31.08%
Sep ₹ 2,605 ₹ 862 ₹ 3,467 ₹ 66,317 33.68%
Oct ₹ 2,638 ₹ 829 ₹ 3,467 ₹ 63,679 36.32%
Nov ₹ 2,671 ₹ 796 ₹ 3,467 ₹ 61,009 38.99%
Dec ₹ 2,704 ₹ 763 ₹ 3,467 ₹ 58,305 41.70%
2024 ₹ 35,208 ₹ 6,390 ₹ 41,598 ₹ 23,097 76.90%
Jan ₹ 2,738 ₹ 729 ₹ 3,467 ₹ 55,567 44.43%
Feb ₹ 2,772 ₹ 695 ₹ 3,467 ₹ 52,795 47.20%
Mar ₹ 2,807 ₹ 660 ₹ 3,467 ₹ 49,988 50.01%
Apr ₹ 2,842 ₹ 625 ₹ 3,467 ₹ 47,147 52.85%
May ₹ 2,877 ₹ 589 ₹ 3,467 ₹ 44,270 55.73%
Jun ₹ 2,913 ₹ 553 ₹ 3,467 ₹ 41,356 58.64%
Jul ₹ 2,950 ₹ 517 ₹ 3,467 ₹ 38,407 61.59%
Aug ₹ 2,986 ₹ 480 ₹ 3,467 ₹ 35,420 64.58%
Sep ₹ 3,024 ₹ 443 ₹ 3,467 ₹ 32,397 67.60%
Oct ₹ 3,062 ₹ 405 ₹ 3,467 ₹ 29,335 70.67%
Nov ₹ 3,100 ₹ 367 ₹ 3,467 ₹ 26,235 73.76%
Dec ₹ 3,139 ₹ 328 ₹ 3,467 ₹ 23,097 76.90%
2025 ₹ 23,097 ₹ 1,169 ₹ 24,266 ₹ 0 100.00%
Jan ₹ 3,178 ₹ 289 ₹ 3,467 ₹ 19,919 80.08%
Feb ₹ 3,218 ₹ 249 ₹ 3,467 ₹ 16,701 83.30%
Mar ₹ 3,258 ₹ 209 ₹ 3,467 ₹ 13,443 86.56%
Apr ₹ 3,298 ₹ 168 ₹ 3,467 ₹ 10,145 89.86%
May ₹ 3,340 ₹ 127 ₹ 3,467 ₹ 6,805 93.19%
Jun ₹ 3,381 ₹ 85 ₹ 3,467 ₹ 3,424 96.58%
Jul ₹ 3,424 ₹ 43 ₹ 3,467 ₹ 0 100.00%

FREQUENTLY ASKED QUESTIONS

Have a question? We've got answers!

HDFC, the leading bank in India, is providing hassle-free and quick personal loans worth 40,00,000. You can apply for the loan through their website or visit the nearest HDFC branch.

If you have been planning to get a personal loan from HDFC, you can borrow in the range of 50,000 to 40,00,000.

No, you won’t need to provide any security or guarantor for availing of the HDFC Bank Personal Loan.

HDFC Bank offers flexible repayment options ranging from 12 to 60 months, depending on the customer’s profile.

After the approval of your HDFC Bank personal loan application, it will take seven days for the amount to get disbursed.

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