Personal Loan from HDFC Bank

HDFC Bank Personal Loan

HDFC Bank personal loans can help meet all your financial needs effectively. With simplified documentation and speedy approvals, availing personal loans couldn’t get easier. Whatever be your need HDFC have a loan for you. Over the years HDFC Bank have won the trust of customers and have become market leaders in loan products.

LoanMoney help you to embark on your dream at the right time with HDFC Bank Personal Loan opportunities available! Follow a few simple steps to help LoanMoney team understand your requirements.


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  Salaried Self Employed Professional
Age 21 - 60 24-60 25-65
Loan Amount Rs. 1 Lacs to Rs.50 Lacs 1-40 Lacs 1-40 Lacs
Tenure  12 - 60 Months 12-60 Months 12-60 Months
Rate of Interest / APR [Annual Percentage Rate] New Loan - 10.99 %; Shift PL -11.29% with Nil Fees Transfer - 12% onwards : Fresh 14 - 16% Transfer - 12.99% onwards : Fresh 12 - 16%
Processing Fees Rs. 999/- to 2% Fresh : 2% Balance Transfer: Rs. 999/- Fresh : 2% Balance Transfer: Rs. 999/-
Special Nil Foreclosure above 10 Lacs; Approval in 48 Hrs Unaudited Financial Considered Doctors - MBBS Only
Documentation Address / Identity / Income Proof * 3 Yrs Audited Financial/ KYC's Financial + KYC's + Professional certificate
Eligibility
  • Loan Amount Up to 22* times of Net Salary.
  • HDFC Bank existing Customer Special discounted Rates/ -
  • Spouse Income clubbed* to Get best Loan Amount, Lowest Rates & Processing Fees.
  • Loan offerings for first time borrowers also
  • Repayment of Total amount [Illustrative] on Rs. 1 Lac loan on @14% with processing Fees for 60 Months comes to Rs. Rs. 1.41 Lacs
  • Loan on Turnover and Profit Margins
  • Loan Amount Up to 22* times of Net Salary.
  • HDFC Bank existing Customer Special discounted Rates/ -

  • - Spouse Income clubbed* to Get best Loan Amount, Lowest Rates & Processing Fees.

Salaried employees of

  • MNC's [Multi National Companies]
  • Public Limited Companies
  • Private limited companies,
  • Government Sector employees including public sector undertakings and
  • Central, state and local bodies:

Eligibility Criteria

  • Minimum age of Applicant: 21 years
  • Maximum age of Applicant at loan maturity: 60 years
  • Minimum Net Monthly Income: Rs. 15,000/- in Delhi NCR

Self employed (Professionals)

Self employed Doctors

Eligibility Criteria

  • Minimum age of Applicant: 25 years
  • Maximum age of Applicant at loan maturity: 65 years
  • Years in business: 4 to 7 years depending on profession
  • Minimum Annual Income:
  • Rs. 100000 p.a.

Self Employed (Individuals)

include self-employed - Sole proprietors, Partners & Directors in the Business of Manufacturing, Trading or Services.

Eligibility Criteria

  • Minimum age of Applicant: 21 years
  • Maximum age of Applicant at loan maturity: 65 years
  • Years in business: 5 yrs continuous business experience
  • Minimum Annual Income: Rs. 1,00,000 p.a.
  • Available in select cities

Self Employed (Pvt Cos and Partnership Firms)

include Private Companies and Partnership firms in the Business of Manufacturing, Trading or Services

Eligibility Criteria


  • Years in business: Minimum of 3 years in current business and 5 years total business experience
  • Business must be profit making for the last 2 years
  • Minimum Annual Income: Rs 100000 p.a.
  • Available in select cities

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What are the Benefits of having a Salary Account for my Personal Loan?

You get preferred interest rates, priority processing and simpler documentation if you have a Salary Account with HDFC Bank. This is taken into account at the time of disbursal of the loan. You can pay through Standing Instructions to debit your HDFC Bank account with the EMI amount.

How much Loan can I avail of?

You can avail of a loan from Rs 25,000/- to Rs 50, 00,000/- depending on your Income and Repayment Capacity. You can club the income of your spouse if you wish to increase your loan amount.

Loan amount is Rs 50,000/- to 50,00,000/-*

How do I repay my Personal Loan?

You pay the Loan in equated monthly installments. The Loan will be paid through post-dated Cheque or through Standing Instructions to debit your HDFC Bank account with the EMI amount. Calculate how much you will repay each month.

What security do I need to provide to obtain this Loan?

To obtain the Loan, there is absolutely no need to provide any Security or Collateral.

What are the Loan tenure options?

You can repay your Loan over a period of 12 to 60 months.

How long will it take for me to get my Loan?

Once you submit your application form and supporting documents, we shall give approval within 72 hours provided everything is in order. All Loan approvals are at the sole discretion of the bank.

Can I repay the Loan earlier?

Yes Options available


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HDFC PERSONAL LOAN DOCUMENTATION

  • 1 passport size photo
  • Pan card both side copy
  • 3 month latest salary slip/ current dated salary certificate with the latest Form 16
  • 3 month latest bank statement
  • Current company joining letter (if date not mention on salary slip)
  • Previous company experience letter (if current job continuity is less then 1 year)
  • Current Add proof (Electricity bill, water bill, passport, DL, landline bill mobile bill rent agreement bank statement credit card statement)
  • Proof of identity: Copy of passport/voter ID card/driving license

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Interest rates

HDFC Bank Rates on Personal Loan depends on

Salary - Higher the Salary Lower the Interest rates

  • 11.29 % for Balance Transfer on Existing Personal Loan of Other Banks
  • 11.49 % to 14% on New personal Loan

Existing HDFC Bank Relationship customers gets special Rates Discounts

Processing Fees

  • Rs. 999/- to 2%

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About HDFC Bank Personal Loan

In 1995 HDFC Bank was incorporated, with its registered office in Mumbai, India. Its first corporate office and a full service branch at Sandoz House, Worli was inaugurated by the then Union Finance Minister, Dr. Manmohan Singh. HDFC Bank is an Indian banking and financial services company headquartered in Mumbai, Maharashtra. It has about 76,286 employees including 12,680 women and has a presence in Bahrain, Hong Kong and Dubai. HDFC Bank is the second largest private bank in India as measured by assets.

It is the largest bank in India by market capitalization as of February 2016. It was ranked 69th in 2016 BrandZTM Top 100 Most Valuable Global Brands. HDFC Bank provides a number of products and services which includes Wholesale banking, Retail banking, Treasury, Auto (car) Loans, Two Wheeler Loans, Personal loans, Loan Against Property and Credit Cards.


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Features of HDFC Bank Personal Loan
  1. Listed Company and MNC:- More than 15000/- Net Salary Must
  2. Personal loan Diva: A special loan proposition for women employees. Enjoy more than 100 free alliance offerings, across 100 locations in India
  3. Credit Shield cover equal to the outstanding loan amount.
  4. Personal loans available on the basis of credit history (repayment of home loans, auto loans and credit cards)
  5. Receive a Personal Accidental Cover of up to 8 Lacs* along with a Critical Illness cover of 1 Lac*
  6. Transparency -Zero hidden charges, reasonable processing fees and utmost clarity on the loan process with up-to-date information about the loan application at each stage

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Special Features & Benefits of HDFC Bank
  1. Quick Loan Approvals - Max 48 Hours
  2. Minimum Documentation
  3. Lowest Interest Rates for High salaried Customers Hassle-free Loans
  4. No Guarantor / Security / Collateral required
  5. Convenience of service at your doorstep.
  6. Credit Shield.
  7. Personal Accident Cover.
  8. Salaried Account Holders of HDFC gets Preferred interest rates, priority processing and simpler documentation.
  9. You can pay through Standing Instructions to debit your HDFC Bank account with the EMI amount.
Apply HDFC Bank Personal Loan
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