About HDFC Personal Loan

Incorporated in August, 1994, HDFC Bank is considered the 5th largest Indian bank in terms of assets. Over the years, HDFC has emerged as the market leader in the personal loans segment in India. It offers a wide range of personal services to the interested borrowers.

You get 3 significant benefits when you avail an HDFC bank personal loan – transparency, competitive pricing and quicker loan disbursal. Not only do you get competitive interest rates, you’re also offered several repayment options when you take an HDFC bank personal loan.

Personal loan is a high priority product for the HDFC Bank. Back when the world was facing economic slowdown in 2001 – 2002, and majority of the banking establishments had either paused personal loans or were marketing and issuing them very conservatively, HDFC stood firm on its policies and carved a niche for itself in this segment. The personal loan portfolio of the bank stands in the vicinity of INR 41,000 crore today. Having over two and a half decades experience, HDFC Bank has efficient systems and progressive policies in place. Any personal loan applicant can expect doorstep delivery in the quickest possible time.

Personal Loan Eligibility Criteria for Salaried / Self-Employed

There are several factors that impact the HDFC Bank personal loan eligibility criteria. The bank takes a decision regarding a person’s eligibility depending upon his/her current financial standing and ability to repay the amount. Some of the important factors that would impact a salaried individual’s or a self-employed person’s eligibility for an HDFC personal loan are detailed below.

18 – 65 years

Age (Min – Max)

₹ 4k – 65k

Minimum Income (Metro Cities)

₹ 4k – 65k

Minimum Income (Other Cities)

18 – 65 years

Age (Min – Max)

₹ 4k – 65k

Minimum Income (Metro Cities)

₹ 4k – 65k

Minimum Income (Other Cities)

₹ 4k – 65k

Minimum Income (Doctors/ Chartered Accountants)

₹ 4k – 65k

Minimum Income (Company Secretary / Architect)

₹ 4k – 65k

Minimum Income Self Employed (Businessman)

HDFC Personal Loan Features / Details

Personal loan is one of the key loan products offered by HDFC bank. It has become extremely popular regardless of the wide variety of financial products and services that the bank deals in. HDFC has won the trust of its loyal customers over its long tenure spanning over two and half decades. The interest rates, loan tenure, personal loan amounts and the repayment details are some of the important HDFC personal loan features you should be aware of. These features and details are provided below.

18.25%

Interest Rate (Min)

Upto XX Years.

Loan Tenure

₹ 25k – 50Lacs

Loan Amount (Min – Max)

HDFC Personal Loan Fees / Charges

HDFC personal loans are counted amongst the ones with the best interest rates, without the need of any collateral or security. HDFC is completely transparent with regard to their personal loan fees and charges. Some of the borrowers may even be offered a discount on the processing fees and interest rate depending upon their profile. HDFC personal loan fees and charges you should be aware of include the processing fees, prepayment charges, foreclosure charges, part payment processing fees, late payment charges (of EMI), cheque bouncing charges, loan cancellation charges etc. All of these have been detailed below.

2.4% of Loan Amount.

Processing Fees

2.4% – 5.2% of amount prepaid.

Pre-payment Charges

Yes / No

Part Payment Facility

₹ 2000

Part Payment Processing Fees