When can I take an HDFC top up loan?

You can take a top up loan from HDFC when you opt for a balance transfer with HDFC.

Can business owners take personal loans from HDFC Bank?

No, HDFC Bank only offers personal loans to salaried individuals. Applicants are required to be employed with a private, public sector, or government body at the time of taking the loan.

Can I avail a personal loan from HDFC Bank on a floating rate of interest?

No, HDFC Bank charges a fixed rate of interest for personal loans.

Does HDFC Bank allow part-payment of the loan amount and are there any conditions for the same?

For personal loans that were disbursed on or after 1 April 2018, you can make part-payments, provided you have paid at least 12 EMIs.

What is the repayment tenure for personal loans issued by HDFC Bank?

If you take a personal loan from HDFC Bank, you will need to repay the due amount within 1 year to 5 years (12 to 60 months).

How to check HDFC personal loan status?

You can check the status of your HDFC personal loan application by visiting the website of HDFC bank. All you need to provide is the reference or proposal number along with the date of birth or mobile number.

HDFC Bank Personal Loan Online in 2025

Get attractive rates on HDFC personal loans starting at 10.90% p.a. HDFC offers loans of up to Rs.40 lakh with flexible tenures of up to 5 years. The bank charges a processing fee of up to Rs.6500 + GST of the loan amount.

We found 1 HDFC Personal Loan

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10.85%21%

Interest Rate range:
10.85% - 21%

Instant Loans Up To Rs. 40 Lakhs

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HDFC Bank Personal Loan
Loan Amount
:
Up to ₹40L
Fixed
:
10.85% - 21.00%
Tenure
:
1 - 5 Years
Processing Fee
:
₹ 4,999

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Features of HDFC Personal Loan

No collateral or security required to avail a personal loan.
Loan disbursal within a day of applying for the loan.
HDFC personal loan interest rates range from 10.90% p.a. to 24.00% p.a.
Borrowers can opt for the ‘Sarv Suraksha Pro’ policy, which provides a credit shield cover, an accidental hospitalisation cover, and a permanent disability/accidental death cover.
Borrowers can also avail an optional insurance cover that will offer coverage against personal accidents and critical illnesses.

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HDFC Bank Personal Loan Overview

Rack Interest Rate	10.90% p.a. - 24.00% p.a.
Loan Amount	Up to Rs.40 lakh*
Benefits	Disbursal in 10 seconds for pre-approved customers and in four hours for other applicants Minimal documentation required Insurance options available

(*Loan amount can vary depending on your eligibility and is solely at HDFC’s discretion)

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HDFC Personal Loan Eligibility

Check the below are HDFC Personal Loan eligibility details.

You should be employed at a private company, a public sector company, or with a state, central, or local government body.
You should be over the age of 21 years. The maximum age is 60 years.
The minimum income required is Rs.25,000 per month.
You should have an overall work experience of at least 2 years.
You should have been employed at their present organization for a minimum of 1 year.

Documents Required to Apply for HDFC Personal Loan

Proof of identity	Aadhaar Card, Driving Licence, Passport, or Voter ID Card
Proof of address	Voter ID Card, Aadhaar Card, Passport, or Driving Licence
Other documents	Bank statements for the last three months or passbook of the last six months Latest salary slip or salary certificate Form 16 Passport-size photograph

Fees and Charges of HDFC Bank Personal Loan

The various fees and charges that are levied by HDFC Bank are:

Loan processing fee	Rs.6500 + GST
Pre-payment/Part-payment charges	4% of the outstanding principal (loan tenure between 13 - 24 months) 3% of the outstanding principal (loan tenure between 25 - 36 months) 2% of the outstanding principal (loan tenure if over 36 months)
Overdue EMI interest	2% per month will be charged on the principal or EMI that is overdue
Stamp duty and other statutory fees	As per the laws of the state that the applicant resides in
Cheque swapping fee	Rs.500
Amortization schedule fee	Rs.200
Cheque bounce charges	1st return: Rs.450 + taxes per instance 2nd return in a month: Rs.500 + taxes per instance From 3rd return onwards: Rs.550 + taxes per instance
Incidental or legal charges	At actual

HDFC Bank Top-Up Personal Loan

Customers who require additional funds over their existing home loan can opt for the HDFC Top-up loan facility. Customers can top-up their loans up to Rs.50 lakh or up their existing loan amount, whichever is lower.

Eligibility Criteria for HDFC Top-up Loan

The customer's current personal loan must have had at least six EMI payments made.
They should have the capacity to repay debts and an excellent credit score.

HDFC Bank Personal Loan Balance Transfer

Customers who wish for lower interest rates on their existing personal loans can opt for the HDFC Bank personal loan balance transfer from another financial lender. To transfer their personal loan balance to HDFC Bank, customers will be offered interest rates as low as 10.40% and will be charged a processing fee of Rs.3,999.

HDFC Personal Loan EMI Calculation

You can use BankBazaar HDFC Personal Loan EMI Calculator to check your monthly prepayment amount. All you need to do is enter your preferred loan amount, tenure, interest rate and processing fee Hit “Calculate” to check your EMI and processing fee.

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Personal Loan Offered by other Banks in India

Additional Resources for HDFC Bank Personal Loan Applicants

HDFC Personal Loan Interest Rates

HDFC Personal Loan Account Statement

HDFC Personal Loan EMI Calculator

HDFC Personal Loan Customer Care Number

HDFC Personal Loan Pre-closure

HDFC Personal Loan Balance Transfer

HDFC Personal Loan Status

HDFC Bank Professional Loans

HDFC Insta Loan

Personal Loan Transfer from HDFC to Axis

Before you apply for a personal loan from HDFC Bank, ensure that you go through the loan particulars, check your eligibility, and are familiar with the terms and conditions of the lender.

Other Loan Products from HDFC

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FAQs on HDFC Bank Personal Loan

When can I take an HDFC top up loan?
You can take a top up loan from HDFC when you opt for a balance transfer with HDFC.
Can business owners take personal loans from HDFC Bank?
No, HDFC Bank only offers personal loans to salaried individuals. Applicants are required to be employed with a private, public sector, or government body at the time of taking the loan.
Can I avail a personal loan from HDFC Bank on a floating rate of interest?
No, HDFC Bank charges a fixed rate of interest for personal loans.
Does HDFC Bank allow part-payment of the loan amount and are there any conditions for the same?
For personal loans that were disbursed on or after 1 April 2018, you can make part-payments, provided you have paid at least 12 EMIs.
What is the repayment tenure for personal loans issued by HDFC Bank?
If you take a personal loan from HDFC Bank, you will need to repay the due amount within 1 year to 5 years (12 to 60 months).
How to check HDFC personal loan status?
You can check the status of your HDFC personal loan application by visiting the website of HDFC bank. All you need to provide is the reference or proposal number along with the date of birth or mobile number.

Latest Updates on HDFC Bank Personal Loan

Banks See Controlled Growth in Unsecured Loans

Despite continued concerns from the banking regulator, banks' unsecured retail loan portfolios have shown steady growth, though at a moderated pace, as seen in early Q2 results. HDFC Bank recorded a 10% increase in its unsecured loan portfolio for the September quarter. ICICI Bank reported a 17% growth in personal loans and a 28% increase in credit card loans. Kotak Mahindra Bank saw personal and consumer durable loans grow by 17%, with credit card loans up 15%. Yes Bank experienced a 5% decline in personal loan disbursements but reported a 48.6% jump in credit card loans. Personal loans account for 15% of Yes Bank's advances, while credit card loans represent 6% of its portfolio. Among public-sector banks, Bank of Baroda saw a 25% year-on-year rise in personal loans, which now make up 13.8% of its total advances.

4 November 2024

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