Personal Loan from HDFC starts at 10.75 percent

Table of Contents

Personal Loan from HDFC

Personal loan from HDFC start at 10.75 percent p.a. and go up to 20 percent p.a. HDFC provides loans of up to Rs.40 lakh with flexible 5-year terms. A processing fee of up to 2.5 percent of the loan amount is charged by the bank.

HDFC Personal Loan Benefits

  • A personal loan does not require any type of collateral or security.
  • The loan is disbursed the same day it is applied for.
  • The interest rates on HDFC personal loans range from 10.75 percent to 21.30 percent per annum.
  • Borrowers can choose the ‘Sarv Suraksha Pro’ policy, which includes credit protection, accidental hospitalisation coverage, and permanent disability/accidental death protection.
  • Borrowers can also purchase an optional insurance policy that covers personal accidents and catastrophic diseases.

Interest Rates range from 10.75 percent to 21.30 percent per annum.
Benefits of a loan ranging from Rs.50,000 to Rs.40 lakh*
Customers that have been pre-approved will receive funds in 10 seconds, while others will receive funds in four hours.
Only the most basic documentation is required.
There are several insurance alternatives available.

Fee for loan processing A cost of up to 2.5 percent of the loan amount may be charged, with a minimum price of Rs.1,999 and a maximum fee of Rs.25,000.


Charges for prepayment/part-payment
4% of the total outstanding principle (loan tenure between 13 – 24 months)
3% of the total outstanding principle (loan tenure between 25 – 36 months)
2% of the total outstanding principle (loan tenure if over 36 months)


Overdue EMI interest will be imposed at a rate of 2% per month on the principal or EMI that is past due.
Other statutory levies, such as stamp duty
According to the legislation of the state in which the applicant resides, a cheque switching fee of Rs.500 is required.
The fee for the amortization schedule is Rs.200.
Charges for returned checks
550 rupees per event

Incidental or legal chargesAt actual

Criteria for Eligibility


You should work for a private corporation, a government agency, or a state, federal, or local government body.
You must be at least 21 years old. The highest age limit is 60.
The minimum income needed for HDFC salary account users is Rs.25,000 per month, while the requirement for others is Rs.50,000 per month.
You should have a minimum of two years of job experience.
You must have worked for their current company for a minimum of one year.

Documents Required for HDFC Loan

Identification proof Aadhaar Card, Driver’s License, Passport, or Voter ID Card are all acceptable forms of identification.
Address proof is required.
A voter ID card, an Aadhaar card, a passport, or a driver’s license are all acceptable forms of identification.
Additional docs
Bank statements from the previous three months or a six-month passbook
Form 16 Passport-size image and most recent salary slip or salary certificate.

Before applying for a personal loan from HDFC Bank, make sure you read the loan details, confirm your eligibility, and understand the lender’s terms and conditions.

Leave a Comment

Your email address will not be published.

free mortgage calculator how to get loan from bank Tips for choosing the right credit card Get Best Loans in Minutes Best Investment Options To Make Money Buy health insurance for children Instant loan instant loan
%d bloggers like this: