HDFC Personal Loan Product features

Apply For HDFC Personal Loan

Get a personal loan in quick time

  • Check eligibility in one minute online and at select branches - Personal Loan Eligibility Calculator
  • Get funds in 10 seconds if you are a pre-approved HDFC Bank customer.
  • Other customers can get a loan within 4 working days subject to documentation and verification as per bank’s requirement.

Apply online for a Personal Loan

We have simplified the personal loan application process. You can make an online personal loan application in just a few clicks

Protect yourself with insurance

  • Personal Accident Cover: For a nominal premium* you can avail of Personal Accident cover of up to ₹ 8 Lakhs, and Critical Illness cover of up to ₹ 1 Lakh. The premium for these policies will be deducted from the loan amount during disbursal. Applicable taxes and surcharge/cess will be charged extra.
  • Personal Loan Security: Secure your personal loan with Sarv Suraksha Pro. Key benefits include:
    • Credit Shield Cover equal to the outstanding loan amount
    • Accidental Hospitalisation cover of up to ₹ 8 Lakhs*
    • Accidental Death/Permanent Disablement cover of up to ₹ 1 Lakh*
*Terms and conditions of the insurers shall apply. The policy is offered by HDFC Ergo GIC Ltd.

Personal Loan for your every need

No matter why you need a personal loan, HDFC Bank can customise the offering for you. If you already have an HDFC Bank account, you can benefit from special rates, charges and offers. HDFC Bank also offers a host of benefits for first-time loan customers Enjoy the flexibility to pick a tenure that suits you and pay back the loan in pocket-friendly EMIs (Use our Personal Loan EMI Calculator to check your monthly outgo)

Save money with Personal Loan Balance Transfer

Lower your Personal Loan EMI by doing a balance transfer to HDFC Bank - Personal Loan Balance Transfer

  • Interest rates as low as 10.40%* on the existing loan transfer
  • Flat Processing fess starting at Rs 3,999/- (+ GST)
  • To transfer your loan balance, apply now.
*Applicable for NTH>50K

Get 24X7 assistance anywhere

For any help with your loan, you can reach out to us via WhatsApp no - 70700 22222, Webchat, Click2Talk and PhoneBanking.

*Terms and conditions apply. Loan at the sole discretion of HDFC Bank limited. Loan disbursal is subject to documentation and verification as per Banks requirement.


The following people are eligible to apply for a Personal Loan:

  • Employees of private limited companies, employees from public sector undertakings, including central, state and local bodies
  • Individuals between 21 and 60 years of age
  • Individuals who have had a job for at least 2 years, with a minimum of 1 year with the current employer
  • Those who earn a minimum of 25,000 net income per month.

Senior Citizen Customers are eligible for discount of 10% on all service charges
Charges to avail a Personal Loan
Government taxes and other levies as applicable will be charged over and above the Fee and Charges. Loan disbursal at the sole discretion of HDFC Bank Ltd.

Fee Amount to be paid
Rack Interest Rate Salaried- 11.00% to 21.00%
Processing fee / Loan Processing Charges Up to Rs 4999/-
Stamp Duty & Other Statutory Charges As per applicable laws of the state

Charges Post Loan Disbursement

Fee Amount to be paid
Overdue EMI interest 2% per month on EMI / Principal Overdue
Legal/Incidental Charges At actuals
Amortization Schedule Charges / Repayment Schedule Charges ₹ 50/- Per Instance
Repayment mode change charges ₹ 500/-
EMI / Payment Return Charges ₹ 450/-
Loan Cancellation Charges & Rebooking Charges NIL for cancellation of Loan (However client would be charged interest for the interim period between date of loan disbursement and loan cancellation and Processing Fees would be retained.). ₹ 1000/- for rebooking the loan.
Fee Amount to be paid
Pre-payment in Part or Full Salaried - No pre-payment in Part or Full permitted until repayment of 12 EMIs
Part-payment allowed up to 25% of Principal Outstanding. It is allowed only once in the financial year and twice during the loan tenure.
Pre-payment Charges(on principal outstanding) /Part-payment Charges [on part-payment amount] Salaried- 13-24 months - 4% of principal outstanding,25-36 months - 3% of principal outstanding >36 months - 2% of principal outstanding
IRR Q2 (2022-23)
Min IRR 10.24%
Max IRR 24.15%
Avg IRR 11.17%
APR Q2 (2022-23
Min APR 10.24%
Max APR 24.61%
Avg APR 11.17%

*Government taxes and other levies as applicable will be charged over and above the Fee and Charges Loan disbursal at the sole discretion of HDFC Bank Ltd.

Documents required

  • Identity proof (copy of passport/voter ID card/driving license/Aadhaar)
  • Address proof (copy of passport/voter ID card/driving license/Aadhaar)
  • Bank statement of previous 3 months (Passbook of previous 6 months)
  • Two latest salary slip/current dated salary certificate with the latest Form 16