- Interest Rate for Various HDFC Personal Loan Schemes
- HDFC Bank Personal Loan Factors
- Details of the HDFC Bank Personal Loan Interest Scheme
- Characteristics of the HDFC Personal Loan Scheme
- Other Fees and Charges of the HDFC Personal Loan Scheme
- Eligibility for the Personal Loan Scheme from HDFC Bank
- Documents Required When Applying for an HDFC Loan
- HDFC Bank Personal Loan EMI Calculator
- Types of HDFC Bank Personal Loan
- HDFC Bank Personal Loan Customer Care
- Frequently Asked Questions
HDFC Personal Loan Interest Rate 2025
HDFC Bank offers Personal Loans with interest rates starting from 10.50% p.a. You can avail of a loan amount of up to Rs 40 lakh with a repayment tenure of up to 6 years.
In this article, we’ll provide details on the interest rates for various HDFC personal loan schemes and explain the factors that influence these rates.
Interest Rate for Various HDFC Personal Loan Schemes
| Types of Personal Loan | Rate of Interest (p.a.) |
| HDFC Bank Marriage Loan | 10.85-24% |
| HDFC Bank Personal Loan for Home Renovation | 10.85-24% |
| HDFC Bank Personal Loan for Teachers | 10.85-24% |
| HDFC Bank Personal Loan for Salaried | 10.85-24% |
| HDFC Bank Personal Loan for Government Employees | 10.85-24% |
| HDFC Bank Personal Loan Balance Transfer | 10.85% |
| Other HDFC Bank Personal Loans | 10.85-24% |
HDFC Bank Personal Loan Factors
Banks determine the interest rate based on factors like credit score, income, employment stability, and relationship with the lender. These help assess the lending risk and influence the rate offered.
Details of the HDFC Bank Personal Loan Interest Scheme
Following are some essential details of personal loans from HDFC Bank:
| Interest Rate | 10.85% p.a. - 24% p.a. |
| Loan Tenure | 3 months - 6 years |
| Processing Fee | Up to 2.50% of the loan amount |
| CIBIL Score Requirement | Above 720 |
| Minimum Salary Needed | Rs. 25,000 in net income |
| Prepayment | Up to 25% of the principal outstanding |
Characteristics of the HDFC Personal Loan Scheme
The features of HDFC Bank personal loan are as follows:
- Zero Collateral Requirements: You will not need to collateralise your valuable assets to get a loan. You will only have to maintain a CIBIL score above 720 and earn a minimum of Rs. 25,000 per month if you are a salaried individual or Rs. 50,000 per month if you are a non-salaried individual to get easy approval.
- Quick Approval and Disbursal: Applicants can receive instant approval for their loan application and instant deposition of funds in their bank account. However, they must submit an error-free application and meet the eligibility criteria.
- Competitive Interest Rates: The interest ranges between 10.75% p.a. and 24% p.a., so you can pay affordable EMIs to repay your credit. Moreover, the processing fees and the prepayment charges are not so high.
- Credit Insurance Availability: Upon availing a personal loan, HDFC Bank offers you critical illness coverage of Rs. 1 lakh and personal accident coverage of Rs. 8 lakh.
- Simple Application Process: The application process for HDFC Bank personal loans is extremely simple and hassle-free. All you will need to do is visit the official website. Even the document requirement for loan application is minimal.
- Flexibility of Customisation: You can choose the loan amount, repayment tenure, etc., as per your requirements. To make the best decisions, you can use an online EMI calculator.
To avail these exclusive benefits on HDFC Bank personal loans, you can easily apply for them online. However, before that, you will need to be aware of the other charges and eligibility criteria associated with this loan.
Other Fees and Charges of the HDFC Personal Loan Scheme
Apart from the interest rate, you will need to pay some additional charges when applying for a loan. These charges include:
| Particulars | Fees and Charges |
| Processing fees | Up to 2.50% of the loan amount, subject to a maximum of Rs. 25,000 and a minimum of Rs. 2,999 and for salaried customers |
| Prepayment Charges | 4% of principal outstanding for prepayment between 13-24 months 3% of principal outstanding for prepayment between 25-36 months 2% of principal outstanding for prepayment above 36 months |
| Cheque Swapping Charges | Rs. 500 |
| Amortisation Schedule Charges | Rs. 200 |
| Delayed EMI Payment Charges | 2% per month on EMI/principal overdue |
| Cheque Bounce Charges | Rs. 550 per cheque bounce |
Remember, there are no hidden charges when applying for a personal loan at HDFC Bank.
Eligibility for the Personal Loan Scheme from HDFC Bank
To avail a personal loan at HDFC, you need to fulfil certain eligibility criteria. These include:
- Age Range: You age must be between 21 and 60 years
- Citizenship: You should be a citizen of India
- Employment: You can be a salaried person or a self-employed person
- Job Experience: At least 2 years (1 year minimum experience with current employer)
- Monthly Income: Your minimum monthly income should be Rs. 25,000 if you are a salaried person and Rs. 50,000 when you are self-employed
Documents Required When Applying for an HDFC Loan
Following are some crucial papers that you will need to submit when applying for a loan:
- Identity Proof Documents: Aadhaar card, voter ID card or driving licence
- Address Proof Documents: Utility bills, rental agreement or passport
- Bank Account Documents: Bank statements of the previous 3 months or passbook of the previous 6 months
- Income Proof Documents: Latest salary slips of past 2 month or salary certificate with the latest Form 16
HDFC Bank Personal Loan EMI Calculator
You can use HDFC Bank personal loan EMI calculator to determine the monthly instalments and ensure that you pay your EMIs on time and never default on loan repayment. The process to use this calculator are as follows:
- Visit the official HDFC Bank EMI Calculator page.
- Move the sliders or enter the required values manually.
- Finally, click on the ‘Calculate’ button to determine your monthly instalments.
Once done, the EMI amount will be visible on your screen. You can get several benefits from using an online EMI calculator. These include:
- Easy-to-use online calculator
- Free of cost
- Instant and error-free results
Types of HDFC Bank Personal Loan
To cater to the diverse monetary requirements of borrowers, HDFC Bank offers different types of personal loans. These include:
| Loan Type | Purpose | Loan Amount | Loan Tenure |
| HDFC Bank Golden Edge Personal Loan | This type of credit is perfect for people with a minimum income of Rs. 75,000. With these funds, they can plan their marriage, vacation, wedding, higher education and a lot more. | Rs. 10 lakh to Rs. 40 lakh | 3 months to 6 years |
| HDFC Bank Travel Loan | People who love exploring new places can avail of this credit type to plan their journey with ease. | Up to Rs. 40 lakh | 1 to 5 years |
| HDFC Bank Marriage Loan | Planning a lavish wedding incurs substantial expenses. With a marriage loan, you can easily plan your dream wedding. | Rs. 50,000 to Rs. 40 lakh | 1 to 5 years |
| HDFC Bank Personal Loan for Home Renovation | Remodelling your home is essential, not only to enhance its look but also to increase its longevity. | Up to Rs. 40 lakh | 1 to 5 years |
| HDFC Bank Personal Loan for Women | Women applicants who wish for extra funds to finance their education or marriage can avail of a personal loan for women. | Rs. 50,000 to Rs. 40 lakh | 1 to 5 years |
| HDFC Bank Personal Loan for Teachers | Teachers can apply for this type of loan to get additional funds for personal needs or when there is a cash crunch. | Up to Rs. 40 lakh | 3 months to 6 years |
| HDFC Bank Personal Loan for Government Employees | Government employees can meet their personal financial requirements by availing of this type of loan. | Up to Rs. 40 lakh | Up to 6 years |
| HDFC Bank Personal Loan for Salaried | Salaried people working in top MNCs or private or public sector companies can apply for this type of credit. | Rs. 50,000 to Rs. 40 lakh | 1 to 5 years |
| HDFC Bank Personal Loan for Students | Students who wish to pursue higher studies to excel in their career can avail this type of credit. | Up to Rs. 40 lakh | 1 to 5 years |
| HDFC Bank Personal Loan for Medical Emergency | This is a perfect solution for people whose family members are going through a medical emergency, and they need funds for proper treatment. | Rs. 50,000 to Rs. 40 lakh | 1 to 5 years |
HDFC Bank Personal Loan Customer Care
You can call the personal loan customer care number to get necessary assistance whenever you face any issues. The customer care numbers are as follows:
- 1860 267 6161
- 1800 202 6161
Understanding HDFC Bank personal loan interest rates, features, and details will help you make informed decisions about your credit. Since a loan is a long-term commitment, knowing all the information before applying ensures timely repayment without hassle.
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