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Pre-loan Eligibility checker
Last updated on: July 22, 2025
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Read BioCheck your loan eligibility in less than a minute. HDFC Bank offers personal loans upto Rs. 40 Lakhs with a tenure up to 5 years. Experience the convenience of an HDFC personal loan, your solution to all financial goals. Whether it’s a planned expense or unplanned expense, a personal loan makes it much easier. With seamless access to funds and quick and hassle-free loan processing, HDFC Bank is your go-to place for personal loans.
| Eligibility Criteria | Requirement |
|---|---|
| Age | 21 to 60 years (salaried individuals) |
| Minimum Net Monthly Income | Typically ₹20,000 and above (may vary by city or profession) |
| Minimum Work Experience | At least 2 years of total work experience |
| Minimum CIBIL Score | Usually 650 and above (subject to lender policies) |
| Employment Type | Salaried individuals in permanent employment |
| Loan Amount | Based on a percentage of the net monthly income |
| Loan Tenure | Generally up to 5 years (may vary based on applicant profile and policy) |
In addition to the baseline criteria outlined above, lenders may consider several other factors when evaluating your personal loan eligibility:
Debt-to-Income Ratio (DTI): This metric represents the percentage of your gross monthly income allocated towards debt obligations, including existing loans, credit card balances, and housing expenses. Lenders typically prefer a DTI of 43% or lower, indicating that your debt burden is manageable.
Employment Stability: A stable employment history demonstrates your ability to generate consistent income, making you a less risky borrower. Lenders generally prefer applicants who have been employed with their current employer for at least two years.
Credit History: Your credit history provides lenders with insights into your past borrowing behavior and repayment habits. A good credit history, typically reflected in a credit score of 750 or above, indicates a responsible financial approach.
How accurate is the HDFC Personal Loan Eligibility calculator?
HDFC bank sophisticated and proprietary algorithms that takes into account various factors such as monthly income, existing debts, and interest rate to arrive at a amount which will be close to reality
What are the factors affecting my eligibility while applying for a Personal Loan?
Several factors determine your personal loan eligibility including your monthly income, existing loans or liabilities, credit score, age, employment status, and repayment capacity
Will I get the exact amount shown in HDFC Personal Loan eligibility calculator?
While the calculator provides a good estimate of the amount you will receive, always remember, the final amount disbursed is entirely at the discretion of the bank
Can I apply for a personal loan directly through the HDFC Personal Loan Eligibility Calculator?
No, the HDFC Personal Loan Eligibility Calculator is a tool designed to help you assess your eligibility for a personal loan. You can either apply through Fincover website or directly in the portal of HDFC bank
Written by Prem Anand, a content writer with over 10+ years of experience in the Banking, Financial Services, and Insurance sectors.
Prem Anand is a seasoned content writer with over 10+ years of experience in the Banking, Financial Services, and Insurance sectors. He has a strong command of industry-specific language and compliance regulations. He specializes in writing insightful blog posts, detailed articles, and content that educates and engages the Indian audience.
The content is prepared by thoroughly researching multiple trustworthy sources such as official websites, financial portals, customer reviews, policy documents and IRDAI guidelines. The goal is to bring accurate and reader-friendly insights.
This content is created to help readers make informed decisions. It aims to simplify complex insurance and finance topics so that you can understand your options clearly and take the right steps with confidence. Every article is written keeping transparency, clarity, and trust in mind.
Based on Google's Helpful Content System, this article emphasizes user value, transparency, and accuracy. It incorporates principles of E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness).
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