HDFC Personal Loan Interest Rates Apr 2020, EMI Eligibility Calculator

Apply for HDFC Personal Loan Online at Lowest Interest Rates – Get Instant Quotes on Latest Rates of interest, Documents, EMI per Month, Loan Amount, Processing Fees, Pre-Payment charges, Customer Care numbers.

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HDFC Bank personal loans can help meet all your financial needs effectively. With simplified documentation and speedy approvals, availing loan for personal need couldn’t get easier. You can check your Personal Loan eligibility Online or visit your nearest HDFC Bank branch.

HDFC Personal Loan Quick Apply

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Loan Amount
Occupation
Yearly Income
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Disclaimer: We do not provide Personal Loans but help you to connect with banks to get best deals.
All loans are on sole discretion on the respective banks

HDFC Personal Loan Interest Rates

Interest Rates 10.75% – 18.00%
Minimum Age 21 Years
Maximum Loan Amount 25 Lakh
Minimum Loan Amount 50000
Repayment 5 Years
Processing Fees Up to 2.50% of the loan amount subject to a minimum of Rs. 1,000/- & Maximum of Rs. 25000/- for Salaried Customers.
Pre Payment charges Zero – 4.00% of Principal Outstanding

HDFC Bank Personal Loan Features

  1. Lowest & Best personal loan interest rates.
  2. Special offers on interest rates and charges for HDFC Bank account holders.
  3. Check Personal loan eligibility in 1 minute available online and across all branches.
  4. Special personal loan offers* for women employees.

HDFC Personal Loan Eligibility Criteria

Have had a job for at least 2 years, and a minimum of 1 year with your current employer. Be earning at least Rs. 12,000/- per month net income (Rs. 15,000/- in Mumbai, Delhi, Bangalore, Chennai, Hyderabad, Pune, Calcutta, Ahmedabad, Cochin).

HDFC Bank Personal Loan Documents

Proof of identity: Copy of passport/voter ID card/driving license.
Proof of address: Copy of ration card/telephone or electricity bill/rental agreement/passport.
Last 3 months bank statement/6 months bank passbook.
Latest salary slip/ current dated salary certificate with the latest Form 16.

Example – Here is the personal loan monthly emi is calculated based on loan amount, rate of interest and tenure of loan. In the given EMI table interest rate is at 11.00% per annum.

Loan Amount Tenure Interest Rate Monthly EMI Total Amount Total Interest
1 lakh 5 yrs 11.00% ₹2,174 ₹1,30,455 ₹30,455
1.5 lakh 5 yrs 11.00% ₹3,261 ₹1,95,682 ₹45,682
2 lakh 5 yrs 11.00% ₹4,348 ₹2,60,909 ₹60,909
2.5 lakh 5 yrs 11.00% ₹5,436 ₹3,26,136 ₹76,136
3 lakh 5 yrs 11.00% ₹6,523 ₹3,91,364 ₹91,364
3.5 lakh 5 yrs 11.00% ₹7,610 ₹4,56,591 ₹1,06,591
4 lakh 5 yrs 11.00% ₹8,697 ₹5,21,818 ₹1,21,818
4.5 lakh 5 yrs 11.00% ₹9,784 ₹5,87,045 ₹1,37,045
5 lakh 5 yrs 11.00% ₹10,871 ₹6,52,273 ₹1,52,273

HDFC Personal Loan FAQs – Frequently Asked Questions

Persoanl loan from HDFC Bank is an unsecured (do not put any type of security) loan provided by a bank and non-banking financial company (NBFC) based on – income, previous credit record, repayment capacity, employment type and more. Personal loan is available for salaried and self-employed.

What is HDFC personal loan?

This is a unsecured loan and helps you to meet your financial requirements. You don’t usually need to pledge any asset as collateral or security for availing personal loan. It is totally based on your credit record and CIBIL Score.

How to apply for personal loan from HDFC Bank?

You can apply easily online for personal loan at emicalculator-india.

What are the Interest Rates from HDFC?

Interest rate is the value that borrower have to pay on the principal loan amount.

What is Personal Loan EMI Calculator?

It is online tool that help to calculate personal loan emi, give you an idea about interest to be paid.

Eligibility criteria for HDFC Bank Personal Loan?

  • One must have a regular source of income.
  • Salaried individual, self-employed business person or a professional both are eligible.
  • One must have proper credit record and good CIBIL.
  • Final amount sanctioned will depend on your income and eligibility and some other factors as per the lender’s criteria.

What are the tenor options available?

You can choose a repayment period ranging from minimum 12 to maximum 60 months.

Can I foreclose or prepay my Personal Loan from HDFC?

Yes, you can foreclose or prepay your personal loan, most of lender allow foreclosure after 12 EMI, it depend on lender to lender. And also you have to pay pre-closure charges of 2% -5% of principle loan amount. For prepay, payment can be made through cash, cheque or demand draft.

HDFC personal loan processing fee charges.

Processing fee is depend on bank to bank and lender to lender basically it is 2-4% of sanction loan amount.

HDFC offers top-up facility for existing customer?

Top Up facility is available for those who have paid 12 EMI on the existing Personal Loan. You can Place the request for Top up on existing Personal. The facility is based on your existing personal loan record.

How do I repay HDFC Personal loan?

You can repay the loan in Equated Monthly Instalments (EMIs). You can pay your EMI through auto debit, ECS, PDC.

Who can become a co-applicant?

For self-employed: Son, Daughter, partners with at least 51% Stake to be taken co-applicant, one director to be taken co-applicant.

Other HDFC Related Products

  1. HDFC Ltd Bank Home Loan
  2. HDFC Business Loan
  3. HDFC Credit Card Care
  4. HDFC Ltd Loan Against Property
  5. HDFC Car Loan
  6. HDFC Credit Card Customer Care
  7. HDFC Home Loan For DDA Scheme

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