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HDFC Bank Personal Loan @10.85% Interest rate (2025)

Enjoy HDFC Bank Personal Loans quick disbursals, competitive interest rates starting at 10.85% p.a., and loan amounts up to ₹40 lakhs.

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Fincover® > Banking > Loan > personal loan > HDFC Personal Loan
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Key Takeaways

    HDFC Bank Personal Loan Apply online

    HDFC Bank Personal Loans offer a convenient and flexible financial solution for individuals looking to meet their personal needs. Whether it’s funding a wedding, a vacation, medical expenses, or consolidating debt, HDFC Bank provides personal loans with attractive interest rates starting from 10.50% per annum. The loan amount can go up to ₹40 lakhs, depending on the borrower’s eligibility and requirements.

    Features of HDFC Personal Loan

    Here’s a table summarizing the key highlights and features of HDFC Personal Loans:

    FeatureDetails
    Loan AmountUp to ₹40 lakhs
    Interest RateStarting from 10.50% per annum
    Loan Tenure12 to 60 months
    Processing FeeUp to 2.50% of the loan amount
    Prepayment Charges4% of the principal outstanding after 12 months
    EligibilitySalaried individuals, including employees of private and public sector undertakings, and self-employed professionals
    Minimum Income RequirementVaries based on location and profile; typically, ₹25,000 per month for salaried individuals
    DocumentationMinimal documentation required, including proof of identity, address, and income
    Digital Loan ApplicationOnline application process available with instant approvals for eligible customers
    Top-Up LoanOption for existing customers to avail a top-up on their existing loan
    Compare HDFC Bank Personal Loan vs other Lenders
    Personal Loan Interest Rates 2025
    Institution Interest Rates
    HDFC Bank 10.85% – 24.00%
    Axis Bank 11% – 24.00%
    Bandhan Bank 11.90% Onwards
    ICICI Bank 10.85% – 16.25%
    DBS Bank 10.99% – 24.00%
    Bank of Baroda 11.05% – 18.75%
    SBI 11.45% – 14.85%
    IndusInd Bank 10.49% – 24.00%
    Yes Bank 11.25% – 21.00%
    Standard Chartered 11.50% – 24.00%
    IDFC First 10.99% – 23.99%
    Kotak Mahindra Bank 10.99% – 24.00%
    PNB 11.40% – 17.95%
    Indian Bank 10.90% – 24.00%

    Eligibility Criteria for HDFC Personal Loan

    Eligibility Criteria Details
    Age Minimum 21 years, Maximum 60 years
    Employment Salaried individuals employed with private limited companies, public sector undertakings, or government bodies
    Income Minimum net monthly income of ₹25,000 (may vary based on location)
    Work Experience Minimum 2 years of overall work experience, with at least 1 year with the current employer
    Credit Score A good credit score (generally above 750) enhances eligibility and chances of securing a better interest rate.

    Fees and charges of HDFC Personal Loan

    Fee/Charge Details
    Processing Fee Up to 2.50% of the loan amount, subject to a minimum of ₹2,999 and a maximum of ₹25,000
    Prepayment Charges – For Salaried: 4% of the principal outstanding amount after 12 months (if allowed) – For Self-employed: Not allowed in the first 12 months; 4% of the principal outstanding after 12 months
    Late Payment Charges 2% per month on the overdue amount
    Loan Cancellation Charges Rs. 3,000 per request, along with interest for the interim period
    Stamp Duty & Other Statutory Charges As per applicable laws of the state
    Cheque Bounce Charges Rs. 550 per instance
    Duplicate NOC Charges Rs. 500 per request
    Loan Restructuring Charges As per the terms applicable at the time of restructuring
    CIBIL Report Charges Rs. 50 per report (if requested)
    Loan Overdue Charges Additional interest of 2% per month on the overdue EMI amount
    Switch Fees Not applicable to personal loans

    Types of HDFC Personal Loan

    • Marriage Loan
    • Travel Loan
    • Debt Consolidation Loan
    • Home Renovation Loan
    • Personal Loan for Teachers
    • Personal Loan Balance Transfer

    Documents Required for HDFC Personal Loan

    The specific documents required for an HDFC Personal Loan can vary based on your employment status, loan amount, and other factors. However, there’s a general list of documents you might need:

    For Salaried Individuals:

    Document TypeRequired Documents
    Identity ProofAadhaar Card, PAN Card, Passport, Driving License, Voter ID
    Address ProofAadhaar Card, Passport, Driving License, Voter ID, Utility Bill
    Income ProofSalary slips for the last 3 months, Form 16 (latest), Bank statements for the previous 6 months

    For Self-Employed Individuals:

    Document TypeRequired Documents
    Identity ProofAadhaar Card, PAN Card, Passport, Driving License, Voter ID
    Address ProofAadhaar Card, Passport, Driving License, Voter ID, Utility Bill
    Income ProofIncome Tax Returns (ITR) for the last 2 years, Profit and Loss statement, Balance Sheet

    Additional Documents (May be Required):

    • Photographs
    • Proof of Business Address
    • Business License or Registration Certificate

    How to Apply HDFC Personal Loan at fincover.com?

    HDFC bank personal loan apply online,

    • Visit https://www.fincover.com/banking/loan/personal/ and select HDFC bank
    • Enter all the required information as requested and Submit your personal loan application
    • Check if your personal loan is approved with the reference no provided
    • If approved and verified, the loan will disbursed in few days

    Tips for Availing an HDFC Bank Personal Loan

    During the Application Process

    • Online Application: Consider applying online for a faster and more convenient process.
    • Accurate Information: Provide accurate details in the application form to avoid delays and potential rejections.
    • Clear Communication: If you have any queries or require clarification, contact HDFC Bank’s customer support for assistance.

    FAQs on HDFC Bank Personal Loan

    How long does it take HDFC to disburse a personal loan?
    You can go through many insurance policies on Fincover. Not all policies have the same benefits and you need to choose what suits your requirements best. Fincover allows you to compare and buy, making the process easy and simple.
    How can I get a personal loan from HDFC bank easily?
    If you already maintain a relationship with the bank in the form of savings account, current account, credit card, you can avail personal loan with the lowest interest rates.
    How can one can save on the premium amount?
    Yes, foreclosure of personal loan is allowed after 12 months from the loan sanction date. However, a foreclosure charge of upto 4% may be levied on the outstanding amount.
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