HDFC Personal Loan | HDFC Personal Loan Interest Rate | Complete Details - BankBazaar
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HDFC Bank Personal Loan

HDFC Bank, which was incorporated in 1994 and has a presence in over 700 Indian towns and cities, is one of the largest personal loan lenders in India. An HDFC Bank personal loan can be taken for any purpose, whether it is a vacation or wedding expenses. HDFC personal loans are available to both salaried and self-employed applicants.

Features & Benefits of HDFC Bank Personal Loan

  1. Low fixed interest rates on HDFC Bank personal loan
  2. No guarantor/security/collateral required
  3. No income documentation needed for existing HDFC home loan and HDFC Bank car loan customers
  4. Special offers for HDFC Bank salary account holders
  5. Quick loan processing, minimum documentation and doorstep service for customers
  6. Payment protection insurance (credit shield) and personal accident cover can be taken by applicant at nominal premium

Eligibility conditions for HDFC Bank Personal Loan

  1. Age range : 21-60(Salaried), 25-65(Self Employed)
  2. Minimum Experience : 2 years in employment and minimum 1 year in the current organization (Salaried), 4 to 7 years(Self Employed Professionals), 3-5 years(Self Employed Individuals)
  3. Minimum income : Rs 10,000-15,000 monthly income (Salaried), Rs. 1 lakh annual income(Self employed professionals and individuals)
Details of HDFC Bank Personal Loan. Use our calculator to compare offers from multiple banks
Interest Rate (Monthly reducing balance) 14% to 24% fixed
Processing Fees 2% to 2.5% of loan amount
Loan Tenure 1 year to 5 years
Pre-closure Charges 4% of pre-closed amount.
Loan Amount Rs. 1 lakh to Rs. 15 lakhs
Guarantor Requirement No guarantor required
Documents
  • Proof of Identity (Passport Copy or Voters ID card or Driving Licence)
  • Address Proof (Ration card or Phone/Electricity Bill or Rental agreement or Passport copy or Trade licence or Sales Tax certificate)
  • Bank Statements (latest 3 months bank statement / 6 months bank passbook)
  • Latest salary slip or current dated salary certificate with latest Form 16 (only for salaried)
  • Latest ITR along with computation of income, B/S & P&L a/c for the last 2 yrs. certified by a CA(only for self-employed professionals and individuals)
  • Qualification proof of the highest professional degree (only for self-employed professionals)
  • Proof of continuation (Trade licence /Establishment /Sales Tax certificate) (only for self-employed individuals)

Use the calculator below to get lowest interest rate in 2 minutes from HDFC Bank   


Recently made loan offers
Rs.6.25 lakhs for Rs.14,869 EMI
15.00%  Rate 60 Tenure

Total Interest PayableRs. 267,122

Total Tax + FeesRs. 15,625

Total Interest + FeesRs. 282,747

Submitted 14 minutes ago
Rs.6.15 lakhs for Rs.17,746 EMI
17.00%  Rate 48 Tenure

Total Interest PayableRs. 236,801

Total Tax + FeesRs. 12,300

Total Interest + FeesRs. 249,101

Submitted 29 minutes ago
Rs.5.30 lakhs for Rs.12,609 EMI
15.00%  Rate 60 Tenure

Total Interest PayableRs. 226,520

Total Tax + FeesRs. 13,250

Total Interest + FeesRs. 239,770

Submitted 46 minutes ago
 
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