info@aykafinance.com

Credit Card

Loan

EMI Calculator

Credit Score

HDFC Bank Personal Loan
img-slider

HDFC Bank Personal Loan

Apply Now

HDFC Bank Personal Loan Interest Rates start from 10.75%  p.a. Get instant Personal Loan up to Rs. 40 lakhs and also customer can avail upto Rs. 75 Lakh as per bank eligibility norms for multiple purposes. With minimum documents and easy to meet Personal Loan Eligibility Criteria, it is completely hassle free to apply for HDFC Personal Loan. You can instantly calculate EMI for the loan using EMI Calculator and get instant approval for an attractive interest rate on personal loan.

HDFC Bank Personal Loan Details

Loan Feature Details 
Interest Rate 10.75%
Purpose  All personal expenses including travel, medical emergencies, education and wedding 
Loan Quantum  Rs. 50,000 - Rs. 40 Lakhs and also Rs. 75 Lakhs as per eligibility norms
Eligibility age
  • Minimum age: 21 years
  • Maximum age: 60 years at the end of loan tenure
Minimum income required Rs.25000 per month 
Repayment tenure  Up to 7 Years
Processing Fees Upto Rs. 4999/-
Prepayment Charges  4% of principal outstanding for 13 - 24 months, 3% of principal outstanding for 25 - 36 months, and 2% of principal outstanding for above 36 months

Check: HDFC Bank Important Links

Table of Contents: HDFC Bank Personal Loan [Hide]

Features & Benefits of HDFC Personal Loan 

HDFC customers can get HDFC Pre-approved Personal Loan in just 10 seconds and regular loans in under 4 hours 

  • Get a response within one day of submitting your document.
  • Customers have the option of getting personal loan security to cover the outstanding loan amounts.
  • Balance transfer option available at interest rates as low as 10.75%
  • Get 24x7 assistance for any queries on your personal loans. 
  • Pre-approved HDFC Bank customer can get funds in 10 seconds.

HDFC Personal Loan Interest Rate

HDFC personal loans are one of the best funding options available in the market right now to finance all your personal as well as business requirements. Find out the updated HDFC personal loan interest rate and apply online instantly for the loan. HDFC Bank Personal Loan Interest Rates are affordable and that result in lower EMIs. The current interest rate of HDFC Loan starts from as low as 10.75% p.a., depending on the borrower’s Credit Score, income, age, loan amount and other eligibility factors.

How to Apply for an HDFC Personal Loan

To apply for an HDFC Instant Personal Loan, you just need to complete a few steps: 

  • Check your HDFC Loan Eligibility using the calculator.
  • If you fulfill the criteria, click on the ‘Apply Now’ button.
  • Fill up the form and upload the necessary documents.
  • Submit the form and the loan will be disbursed within a few hours of approval.

Also read: Which is better NBFCs Vs Bank for personal loan?

HDFC Bank Personal Loan Eligibility Criteria

  • Indian residents, who are employees of any private limited company or public sector undertaking (central, state or local bodies), can apply.
  • Age of the applicant must be between 21-60 years
  • The minimum work experience required is at least 2 years, and the applicant must have served with their current employer for a minimum of 1 year.
  • The minimum net monthly income required is Rs. 25,000.
  • If your credit score is lower than 720, you can bring in a co-applicant (spouse, father, or other eligible co-applicants) to increase your HDFC Personal Loan eligibility.

HDFC Bank Personal Loan Document Required

  • KYC Documents
  • Income documents
    • Last 3 months Bank Statements/ Passbook of last 6 months

HDFC Personal Loan Verification Process

  • Once you have filled the Online Personal Loan Application form on MyMoneyMantra, your personal loan application will be processed by the bank.
  • HDFC bank will go through your application form and on being completely satisfied, it will give you a verification call.
  • Once the Personal Loan Verification Process is completed, the required documents will be picked up by our personal loan experts from your home or office.
  • On submitting all applicable documents successfully, they will be checked for further verification by the bank.
  • After verification, the bank will call you to confirm the final loan amount, personal loan interest rate, and repayment tenure.
  • Once the bank gets the confirmation from you, the loan amount will be disbursed into your bank account.

Check HDFC Bank Personal Loan Application Status

To check your HDFC personal loan application status online, you will have to follow the below-mentioned steps:

  • Enter application name or reference proposal number
  • Enter your date of birth or registered mobile number
  • Click on the ‘Submit’ button

Additional Info: Check HDFC Bank OD Facility.

How to Calculate HDFC Personal Loan EMI?

Calculating your HDFC Bank Personal Loan EMI is easy with HDFC Personal Loan EMI Calculator available on our website. MyMoneyMantra provides you with a free online EMI Calculator using which you can get the EMI details. The calculator also helps in assessment of your loan eligibility. You just have to enter a few details, such as the HDFC Personal Loan Interest Rate, loan amount, and tenure, to get the result. 

MyMoneyMantra’s EMI Calculator gives you the complete amortization schedule.

Here’s an example:

Loan amount required Rs. 40 Lakhs
Tenure of repayment 5 years
Interest Rate applicable 10.75% p.a.
EMI to be paid each month ?85,976
Total interest outgo ?11,58,536
Total amount to be paid to the bank ?51,58,536

Here’s the complete amortization schedule for the above illustration:

Year Opening Balance Amount paid by customer (EMI*12) Interest paid during the year Principal paid during the year Closing Balance
1 ?40,00,000 ?10,31,707 ?3,89,686 ?6,42,021 ?33,57,979
2 ?33,57,979 ?10,31,707 ?3,18,933 ?7,12,774 ?26,45,204
3 ?26,45,204 ?10,31,707 ?2,40,383 ?7,91,325 ?18,53,880
4 ?18,53,880 ?10,31,707 ?1,53,176 ?8,78,531 ?9,75,348
5 ?9,75,348 ?10,31,707 ?56,359 ?9,75,348 ?0

HDFC Personal Loan Statement Online

You can check your HDFC Personal Loan statement online easily by logging in to your account to check the details as per your preferred method.

If you have a personal loan account with HDFC Bank, you can check your statement through any one of the following methods:

  • Through the online portal.
  • Through registered email ID.

The above methods can also be used for HDFC personal loan statement download.

How to Login at HDFC Personal Loan Portal?

After you successfully register for personal loan online on HDFC, follow the steps mentioned below for HDFC personal loan login. 

Steps for New Customers

  • Visit HDFC ELOANS login portal.
  • Enter login ID and password.
  • Click on ‘Log In’ tab to avail the various services, including personal loans, offered by HDFC Bank on this online portal.

Steps for Existing Customers

  • Visit the net banking portal of HDFC Bank.
  • Enter your ‘User ID’ and the click on ‘Continue’.
  • Enter your net banking password or IPIN and then click on ‘Login’.
  • A web page will appear to change your net banking IPIN when you will login for the first time.
  • Change the IPIN and click on ‘Confirm’ tab. The IPIN should be alpha-numeric having 6 to 15 characters.
  • On successfully completing the password changing process, a web page will appear where you can enter the user ID and the new password to log into the HDFC net banking portal to check your personal loan details.

HDFC Personal Loan Customer Care

You can connect with HDFC Personal Loan Customer Care through following ways:

Calling Number : 1800 202 6161 / 1860 267 6161 (accessible to all over India)

Mailing Address: 

HDFC Bank Ltd. 
Empire Plaza I, 1st Floor, 
LBS Marg, Chandan Nagar,
Vikhroli West, Mumbai - 400083

 

EMI Calculator
store-img