Apply for HDFC Bank Personal Loan Online

Interest Rate EMI
11.49% - 19.50%

(fixed)

2,199 - 2,622

(per Lakh)

Details Details

Documents Required

PAN Card, Address Proof, Govt ID Proof (Not required if already given as an address proof), 3 month payslip (with DOJ mentioned), 3 month bank statement, photograph. Additional documents on case to case basis.

Preclosure Charges

  • 1 Year lock in
  • 4% fee if closed after 1 year. Can be 0% if booked under golden edge program
  • 3% fee if closed after 2 years
  • 2% fee if closed after 3 years
  • 0% thereafter

Part-Payment Option

Not available

Max Eligibility: 40,00,000

yrs

Increase tenure to reduce EMI/maximize Eligibility.

Offer
Interest Rate EMI Processing Fees
11.49% - 19.50%

(fixed)

2,199 - 2,622

(per Lakh)

HDFC Bank Personal Loan

Getting personal loans from the premium bank- HDFC Bank is quick, competitive and very transparent. Use the flexible online Loan EMI Calculator and Finance Buddha to get to know the EMI you will have to pay for the amount you borrow. If you are looking for a bank that can give approval in just 5 minutes for a personal loan, then your search ends here. Loan can be availed up to INR 1.5 million and for a tenure of 5 years. Irrespective of what your need is make use of the HDFC banking service for availing a personal loan and meet your needs in a happy manner.

Features of HDFC Bank Personal Loan

  • Repay with easy EMIs.
  • Avail Attractive Interest Rates
  • Hassle-free Loans - No Guarantor / Security or Collateral required
  • Speedy Loan Approval
  • Credit Shield
  • Disbursal in 2 Days
  • Borrow up to Rs 25,00,000 for any purpose, depending on your requirements
  • Flexible repayment options, ranging from 12 to 60 months
  • Convenience of service at your doorstep
  • Personal Accident Cover
  • Customized Offer for corporate Employees & Women Professionals
  • Quick Loan Disbursal
  • Low interest rates
  • Online loan request option available
  • Low pre-payment charges also waiver is offered after 36 months.
  • Can instantly check loan eligibility
  • It offers personalized loan quotation
  • 24/7 Customer Support
  • There are options to check CIBIL score

Benefits of HDFC Bank Personal Loan

  • Special offers, interest rates and charges for all HDFC Bank account holders.
  • Easy Documentation processing & 100% Transparency on all transactions.
  • Maximum Loan up to INR 1.5 million for 5 years.
  • Flexible Interest Rate and special interest rates for women borrowers.
  • Fastest Loan Approval by just 10 Seconds.
  • Flexible repayment options which is ranging from 12 months to 60 months.
  • Loan is offered for First Time Loan Borrowers.
  • Zero Hidden Charges, very lowest processing fee & most convenient repayment options.

HDFC Diva Personal Loan - Personal Loan for Women

Well you have known personal loan since quite a long time but HDFC who is pioneering in any financial innovation that you can imagine has launched a personal loan targeted only to women. They called is “Diva Loans”.  It is a personal loan targeted to working women who has not much higher income but earns the money regularly. It is a loan designed for a smart, extraordinary & independent woman. The loan is epitome of today’s women who is walking hand in hand with men. It is for a woman of today who does not like to be dependent on any men for her needs or for her emergencies. This personal loan comes with other privileged benefits apart from loan amount. This personal loan is definitely an instrument to empower a woman & let her know that we are with you to overcome every obstacle that might come in between you & your dreams.

Why women should choose HDFC Bank Diva Personal Loan?

HDFC is one of the few financial institutes who have recognized the need of personal loan designed for a woman. The privilege scheme under Diva loan is amazingly design. It is very flexible for smart women who do not have much time to visit the bank bench. You can check the eligibility for the loan online through Finance Buddha. Even online EMI calculator at Finance Buddha is also available. HDFC offers pre-approved loan worth rupees 3 lakh under Diva personal loan. Diva privilege is applicable for more than 100 brands.

How would you redeem your privilege points?

To avail Online Offers:

  1. Provide your unique Diva number either by calling at HDFC call center or by writing them an Email at their customer care center.
  2. Once the DIVA Unique Number is verified, a verification email to confirm your product will be sent to your email ID.
  3. After the conformation of Diva number, a vouched code & details of redemption will be sent to your Email ID
  4. You can log into merchant/ partner’s website & use the voucher code at the time of payment for your purchase items.

To avail Products / Gift Vouchers:

  1. Provide your unique Diva number either by calling at HDFC call center or by writing them an Email at their customer care center.
  2. Once the DIVA Unique Number is verified, a verification email to confirm your product will be sent to your email ID.
  3. You can pay by card/ cheese to purchase the desired product/ gift voucher
  4. The product/ gift voucher will be delivered to you in 15 working days.

M-coupons:

  1. Provide your unique Diva number either by calling at HDFC call center or by writing them an Email at their customer care center.
  2. Once the DIVA Unique Number is verified, a verification email to confirm your product will be sent to your email ID.
  3. On confirmation, a promo code will be sent through an SMS to you whom will have to be flashed at the respective outlet to avail the offer/service.

Why should you choose HDFC Bank Personal Loan?

  • You can fore-close your whole personal loan any time after paying 12 regular EMI's and Pre-payment charges which differ year after year: 2nd year - 4%; say 3rd year - 3%, then after 3 years - 2%
  • This bank has been rated 5 by its customers for the service quality
  • It has over 4,972 branches all over India where services can be availed
  • HDFC Bank provides special schemes and discounts
  • For higher loan amount and low interest rates
  • For decent loan amount even if the CIBIL score is below 750
  • Loan eligibility chiefly depends on the firm where the individual works, each bank has a manuscript with list of companies for which it is ready to offer loan, if the applicant’s company is one among them then obtaining loan is like a cake walk.
  • Quick personal loans like experience express loan processing, quick disbursal, easy documentation and door-step service
  • Transparency with zero hidden charges, utmost clarity on loan processing with latest information about personal loan application at each stages and reasonable processing fees
  • Competitive pricing is benefited from the competitive loan interest rates and appropriate repayment options

How to apply online for HDFC Bank Personal Loan?

Finance Buddha is a comparison site for personal loan, and also everyone can apply for a loan with banks directly. In this website you just have to update your details such as current company, take home salary, existing EMI amount, salary account bank, loan requirement and tenure, and it will auto-calculate the amount that should be paid per each bank’s interest rates, its processing fees, etc. More details are provided below.

Though not many websites offer such a facility, this is a good option before apply for a loan from bank. Getting rejected from a bank or NBFC is also a factor that can affect your CIBIL, thus applying at many places without knowing the eligibility and CIBIL score is not a great move. At Finance Buddha, you just have to give information about your net take home salary, existing EMI amount and company name. With these your loan eligibility with banks list will be immediately shown, which includes the bank name and maximum amount you are eligible to get a personal loan.

Eligibility Criteria for HDFC Bank Personal Loan

Eligibility Criteria for HDFC Bank Personal Loan
Age of Applicant Min-21 years; Max-60 years.
No. of years in employment 2 years & above
Current Experience 1 year & above

Net Monthly Income INR 30,000/- & above (CAT-A companies) INR 35,000/- & above (Non-listed companies)

HDFC Diva Personal Loan Eligibility Criteria

  • If you are a salaried person working in private sector & receiving regular salary.
  • If you are a salaried person & working in state, central or local government office or department.
  • If you are a self-employed person like doctor or CA & receive regular income.
  • If your age is between 21 to 60 years.
  • If you have at least two years of work experience including one year of work experience with your current employer.
  • If you live in cities like Mumbai, Delhi, Bangalore, Chennai, Hyderabad, Pune, Calcutta, Ahmedabad, Cochin & earn at least ₹ 25,000 a month.
  • If you live in any other city & ear monthly income of ₹ 20,000.

Documents Required for HDFC Bank Personal Loan

For Salaried Employees:

  1. Filled up loan application form
  2. 2 Passport Size Photo
  3. Copy of Income Tax PAN
  4. Identity Proof - Passport/ Driving License/ Voter ID/ PAN
  5. Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (upto 3 months old), Passport
  6. Income Documents – 3 months’ pay slip, 2 years Form 16, 3 months bank statement showing salary credit and any EMI debit

For Self-Employed:

  1. Filled up loan application form
  2. 2 Passport Size Photo
  3. Copy of Income Tax PAN
  4. Identity Proof - Passport/ Driving License/ Voter ID/ PAN
  5. Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (upto 3 months old), Passport
  6. Income Documents – 0 years audited financials, 6 months bank statement
  7. Business proof such as VAT/ service tax registration, incorporation details in case of companies, business address proof

Documents Required for HDFC Diva Personal Loan

Documents required for Diva loan from HDFC differs from person to person depending upon amount of income & place of work. Following are the documents required for the loan

  • Valid identity proof (passport/ voter’s ID/ driving license/ PAN card/ Aadhar card)
  • Valid address proof (latest utility bill/ ration card/passport)
  • Document of income: Salary slip of last 3 months, 6 months bank statement, form 16 of current year & the offer letter of current employer in case of salaried person. In case of self-employed income tax return & profit & loss & balance sheet of last 2 years, last 6 months bank statement & business proof.
  • Additional proof for self-employed required are ( sole proprietorship declaration/ partnership form)

HDFC Bank Personal Loan Interest Rates, Fees & Charges

HDFC Bank Personal Loan Interest Rate
Minimum Rate

11.25%

Maximum Rate

26.00%

Mean

14.11%

Annual Percentage Rate ( APR)

Minimum

13.09%

Maximum

21.50%

Processing Fee

0%(*Valid for Logins Till 16th August)

Fore-closure charges

Nil – 4.00%

Repayment

5 Years

Loan Amount

INR 1.5 million

Min. Income

INR 30,000 pm


Comparison of different criteria between Salaried Employees and Self-employed Individuals

Criteria Salaried Self Employed
Interest Rate

11.49% - 20.00%

16.25% - 19.75%

Lowest EMI

INR 2,199 per lakh

INR 3,528 per lakh

Loan Tenure

From 12 months to 60 months

From 12 months to 36 months

Loan Amount

Min INR 50,000 and Max INR 2,500,000

Min INR 500,000 and Max INR 1,500,000

Processing Fee

0.25% to 1.50%; Min - INR 999, Max - INR 25,000

2.5% Min INR 1,000 Max INR 75,000

Age

Min 21 years and Max 60 years

Min 21 years and Max 65 years

Prepayment Charges

Not allowed

Not allowed

Foreclosure Charges

Allowed after 12 EMI's, Prepayment charges vary by year: 2nd year - 4%; 3rd year - 3%, after 3 years - 2%

Allowed after 6 EMI's, Prepayment charges vary by year: 2nd year - 4%; 3rd year - 3%, after 3 years - 2%

Frequently Asked Questions

How do I know if am eligible for a HDFC personal loan?

All you need to do is just check your eligibility through Finance Buddha and apply for the loan.

What are the advantages of applying HDFC Bank personal loan through Finance Buddha?

Checking personal loan status is now a very simple job. You just have to log into the bank web-site with net banking account. You can get best possible rate of interest. Through this it is possible to have instant e-approval of loan with real-time tracking facility.

What is the limit of amount that I can avail through HDFC personal loan?

Minimum limit is Rs. 50,000 and maximum is Rs. 15 Lakhs depending on repayment history and financial credentials of the borrower.

Does Finance Buddha charge for its Loan Calculator Tool Facility?

No, the service is absolutely free and can be availed by any one at all times.

How to use Finance Buddha EMI Calculator Facility?

Finance Buddha offers an exclusive Personal Loan EMI Calculator Tool letting its users to obtain a unique vision into their personal loan EMI. Everyone can make use of this tool to understand the EMI break-up for loans in just one click, after providing the loan amount, rate of interest and tenure.

What is the easy process of checking the application status online?

In the banks official website just gives your credentials of log in details and click on status. This will help you get necessary information instantly.

How long can I borrow a loan for?

Though the tenure depends on the category of the applicant, the maximum is 60 months.

Do I need to produce any collateral or security?

No, this is unsecured loan. There is no need for any security and guarantee for it.

How to contact HDFC Bank for enquiries or problems?

You can contact them through toll free numbers, send e-mail, send message or approach any of the branches of HDFC Bank to clarify any issues.

Where can I get the personal loan application form?

The application form is available in Finance Buddha or this can be applied directly through HDFC bank website too. However it is essential to know if a bank rejects the loan due to not meeting the eligibility criteria, it’s difficult to get loan in other banks. Thus use Finance Buddha to check your eligibility for HDFC bank post which it is advisable to apply for a personal. By this there will be no chances of being rejected, unless the applicant has an illegal past record.

Reviews   4.86 stars, based on 209 reviews

Good experience with HDFC Bank for my personal loan. Documentation process was smooth. Rate of Interest was nominal, they had charged around 4000 rupees as processing fees and other charges. Their executives & staff is very friendly & supportive. Since I was not getting time to go & give them the documents they sent their executive to collect the documents. I would like to thank Finance Buddha team for advising me to go ahead with HDFC personal loan.

 5/5

HDFC has done a great job for my personal loan, they took as loan as 5 days to complete the verification & loan processing. I had taken the loan amount of Rs.2.10 Lakhs and disbursed the amount of Rs. 2.05 Lakhs with the processing fee and other charges almost taken Rs. 5725 from the disbursement which is very low compared with many other banks & financial institutions. Rate of interest offered to me was also very low.

 5/5

I had opted to take a personal loan from HDFC Bank, actually I got a call from HDFC Bank regarding the personal loan .However I received a message post which I had placed a request for the same. Later they approved my loan. Documentation was very easy as their executive collected the documents from my place. The rate of interest offered to me is 11.69% which is much better when compared with other banks. Additionally, they had deducted processing fee along with insurance for an amount of ₹ 3000.

 3/5

HDFC process was simple and easy but they had taken 10 days to 15 days to disburse the loan. But there were some delay from my end to submit bank document to them. HDFC offered the personal loan interest rate of 12.59% and with the processing fee of 2% was taken for the disbursement. The rate of interest offered was very competitive even they charges very nominal charges for processing the loan.

 3/5

I applied for HDFC bank personal loan as Finance Buddha suggested me to go ahead with that. The processing of the loan was very quick. The loan was there in my account on 4 the day which is amazing. I am thankful to Finance Buddha team to help me with the documents preparation for loan application. The HDFC executive collected the documents from my office. Thank you Finance Buddha for helping me!

 5/5

I applied for HDFC personal loan through Finance Buddha. I am really happy with my experience. The loan process was so easy & smooth. I did not have to visit the bank even once. It saved my time & efforts. My loan was credited in my account on 5th day. Thank you Finance Buddha for helping me with the documentation of the loan application.

 5/5

I am really very thankful to Finance Buddha team as they helped me a lot when my personal loan application from HDFC was under process. The Finance Buddha team helped me with documentation part. I got the loan amount in 4 days with very minimal processing charges. The whole process of personal loan application went well.

 5/5

HDFC personal loan experience is very good, they kept updating my loan status through message and mails. It was very much appreciable and they gave well supportive to get my disbursement shortly. I had taken the loan amount of Rs.15 lakhs, EMI is Rs. 32,500 for 5 years with the interest rate of 11.29%. HDFC taken Rs.3500 processing fee for the disbursement.

 5/5

I had taken a personal loan from HDFC bank before a month's time. Interest rate with HDFC bank was around 11.75% and the loan amount got disbursed to my account within a span of 3 days. Processing charges were also very nominal compare to the loan amount I had applied for. I would like to thank Finance Buddha executive for helping me with the documents preparations.

 5/5

I took a personal loan from the HDFC bank and the interest rate was around 12%. The loan amount got disbursed to my account very instantly because there was some promotion going on at that time. I did not have to submit any documents as I am having salary account with them.

 5/5

I was looking for some details about HDFC personal loan & came across Finance Buddha. They promptly responded to my application & helped me in preparing the documents for personal loan from HDFC. My loan was disbursed in my account in three days. The rate of inters offered was as loan as 12%.

 5/5

I approached Finance Buddha portal when I was in need of personal loan. The information on the portal is very nice. The online application option is also very good. I applied for HDFC personal loan with the help of Finance Buddha for documents. I am very satisfied with the services.

 5/5

I had taken a personal loan from HDFC Bank, They are very professional when it comes to Customer service. They have given me the rate of interest is 12.49% that's pretty good. They have not charged me any processing fee nor for insurance have they deducted any amount. Their executive came to collect the documents.

 4/5

I liked the services and response from HDFC Bank for my personal loan. The response was very quick from them. They contacted me in no time. Their executive collected the documents from my home & the loan process was very easy & hassle free. I am glad that I choose HDFC over any other bank.

 5/5

I had taken a personal loan earlier with HDFC Bank and it was a smooth process as well. They offered me interest rate of 11.65% and the processing fees & charges was also normal. I got the loan on time and the after loan services was also hassle free.

 5/5

I had a good experience with HDFC Bank for personal loan. In just 5 days they had disbursed the amount on time, even they had charged nominal rate of interest and 3000 Rs as processing fee. Customer service and Documentation process is good.

 5/5

I had such a nice experience with HDFC personal loan that I am suggesting it to everyone. The processing charges & interest rate offered to me were very reasonable. The process is so easy & smooth when applying through Finance Buddha. I did not even have to go to bank. The executive came to my office & collected the documents.

 5/5

I had taken my personal loan in Bangalore from HDFC Bank .Documentation process was very easy, the executive came on time and collected the documents, he had given customer friendly service. The processing fee is also very low.my personal loan experience with HDFC was hassle free.

 5/5

HDFC is an updated apart bank. The processing charges & inters rate offered were very comforting. The documentation required for personal loan is not much. The loan was approved in few days only.

 5/5

I have taken a personal loan from HDFC Bank and they are excellent at providing best experience to their customers. I am very thankful to Finance Buddha for helping me in preparing the loan application documents. The loan was disbursed in my account in 5 days. The rate of interest offered was also very nominal.

 5/5

My experience with HDFC personal loan is amazing & all the credit goes to Finance Buddha team as they helped me with preparing the documents & even with the application process. Thanks Finance Buddha for providing so amazing support.

 5/5

I was looking for a fair option for personal loan. A friend of mine suggested to compare various personal loans at Finance Buddha portal. The information was very helpful to me. Finance Buddha team helped me in preparing the documents for applying for personal loan at HDFC bank. My loan processing was comfortable & easy.

 5/5

HDFC staff has provided me fantastic support in getting my personal loan. I wanted my personal loan disburse in my account as quickly as possible as I was having some urgent needs to meet. HFDC staff understood my situation & helped me very well. Much appreciated for all the support.

 5/5

HDFC is very good option when you want to take easy & quick personal loan. The application of my personal loan was processed very fast. The only down side is they force to take insurance other than that everything is good.

 4/5

I approached HDFC when I was in need of personal finance as I am their existing customer. Loan got processed quicker and disbursed in time. Rate of interest offered to me was as low as 12%. Satisfied with the service. Keep it up.

 5/5

I have taken a huge personal loan from HDFC bank through Finance Buddha. The Finance Buddha executive helped me in preparing the documents for the loan. My loan process went very well. I am really glad that I choose HDFC over many other available options.

 5/5

I have also taken a personal loan from HDFC Bank and they had done their best for this process. They offered me very reasonable interest rate and processing charges. Their processing is very fast compare to other bank. Most importantly the number of documents I was required to submit were also very less.

 5/5

I approached HDFC personal loan through Finance Buddha. They offered ma the rate of interest which was not satisfactory for me. I expected them to offer ma a lower rate of interest as I earn quite high income & my repayment ability is at lower risk.

 3/5

My experience with HDFC Bank for the personal loan is average. They delayed much in processing the loan and they also did not provide a reasonable interest rate and processing fees. As an existing customer I did not expected this from them. It should have been more flexible & convenient.

 2/5

If you are looking for a personal loan which has hassle free process & minimum requirement for documentation than HDFC is my answer. My process went so smooth that I did not have to visit the bank even once. The staff is very cooperative. My loan was credited to my account on 5th day itself.

 5/5