All about HDFC Personal Loan

A Personal loan is designed to get through any planned or unplanned expenses like medical expenses, wedding expenses, education, vacation expenses, shopping, home renovation, etc. so as to deal with all the financial needs that may happen at any point in a lifetime. HDFC Personal Loan provides a one-stop solution to customers who require financial assistance. It also offers loans at an attractive rate of interest without any need for collateral with a flexible repayment tenure. It allows users to experience a hassle-free documentation process, quicker processing, and speedy loan disbursal.

Both salaried and self-employed individuals can avail of the personal loan for home renovation purposes, planning a holiday, wedding purposes, etc. Self-employed personnel may use it for new investments, short-term capital needs, any other personal needs, etc. Also, it ensures that tailor-made repayment solutions fulfill the changing requirements of individuals.

Documents Required:

Document Category Required Documents

Identity proof


Either one of these

  • Aadhaar card
  • Driving license
  • Voter ID
  • Passport

Address proof


Either one of these

  • Voter ID card
  • Aadhaar card
  • Passport
  • Driving license

Other Documents

  • Bank statements for the last 3 months or passbook for the last 6 months
  • Latest salary slip or salary certificate
  • Form 16
  • Passport-size photograph

Eligibility Criteria:

Age 21 to 60 years
Employment Type You can be employed at a private company, public sector company, state, central, or local government body
Minimum income required INR 25,000 per month
Overall work experience At least 2 years
Tenure of employment At least 1 year with the present organization and an overall work experience of at least 2 years.

Interest Rates

Below mentioned is a table listing the HDFC Personal Interest Rates:

Loan Type Interest Rate (in p.a.)
Home Renovation Loan Starting at 10.50% Up to 20.40%
Medical Emergency Loan Starting at 10.50% Up to 20.40%
Wedding Loan Starting at 10.50% Up to 20.40%
Travel Loan Starting at 10.50% Up to 20.40%
Personal Loan for Government Starting at 10.50% Up to 21.00%
Personal Loan For Teachers Starting at 10.50% Up to 20.40%
Personal Loan for Salaried Starting at 10.50% Up to 20.40%

 HDFC Bank Personal Loan Processing Fees and Charges

Fees Charges
Processing Charges Up to INR 4,999
Stamp Duty and other statutory charges As per the laws of the state
Overdue EMI Interest 2% per month on EMI/principal overdue
Legal/Incidental Charges At actuals
Amortization Schedule Charges INR 200
Cheque Swapping Charges INR 500
Cheque Bounce Charges 1st return at INR 450 + taxes

2nd in a month INR 500 + taxes

3rd onwards INR 550 + taxes

10% discount for senior citizens

INR 550 per cheque bounce

Loan Cancellation Charges Rebooking Charges NIL INR 1000
Pre-payment in Part/Full NIL until repayment of 12 EMIs (salaried)

Part-payment allowed up to 25% of the Principal Outstanding. It is allowed once in the financial year and twice during the loan tenure.

Pre-payment Charges on Principal Outstanding/Part Payment Charges Salaried:

13-24 months- 4% of outstanding principal

25-36 months- 3% of outstanding principal

>36 months- 2% of outstanding principal

How to Apply for an HDFC Personal Loan?

Via Website:

Step 1: Click on “Apply Now”.

Step 2: Fill in the personal details along with the mobile number and OTP.

Step 3: Fill in the professional details.

Step 4: Once the loan application is accepted, the bank representative will call further.

Step 5: Upload the documents required.

Via App:

Step 1: Verify the mobile number by entering OTP.

Step 2: Click on “Apply Now” to avail a new loan.

Step 3: Provide the loan and applicant details.

Step 4: Enter the address information.

Step 5: Complete the image/ signature.

By Visiting Branch:

Visit any nearest branch and contact any bank representative there.

By Calling Customer Care: 

To apply for an HDFC Personal Loan, one can also call the customer care number of HDFC.

Reasons to Choose HDFC Personal Loan

  • Affordable and Flexible Interest Rates
  • Special interest rates for women borrowers
  • Fast loan approval
  • Easy documentation process and 100% transparency
  • Maximum loan up to INR 25 lakhs for salaried individuals
  • Flexible repayment options, ranging from 12 to 60 months
  • Zero hidden charges and low processing fee
  • Convenient repayment options
  • Fast disbursal with money in your account within 2 days

Types of HDFC Personal Loan

HDFC Bank Golden Edge Personal Loan

  • Purpose: Golden Edge Personal Loan is a special personal loan scheme offered to individuals having a minimum monthly income of INR 75,000, to meet their financial requirements for home renovation, vacations, medical emergencies, weddings, and higher education.
  • Loan Amount: INR 10 lakh- INR 40 lakh

HDFC Bank Marriage Loan

  • Purpose: Applicants can avail HDFC Marriage Loan to meet their wedding-related expenses
  • Loan Amount: INR 50,000- INR 40 lakh
  • Tenure: 1- 5 years

HDFC Bank Travel Loan

  • Purpose: Prospective borrowers can avail of Travel Loans from HDFC Bank to meet their travel expenses
  • Loan Amount: Up to INR 40 lakh
  • Tenure: Up to 5 years

HDFC Bank Personal Loan for Home Renovation

  • Purpose: Personal loan for home renovation finances the expenses related to home renovation such as kitchen remodeling, replacement of old furniture, sprucing, change in electrical wiring, and installation of new fixtures and fittings
  • Loan Amount: Up to INR 40 lakh
  • Tenure: Up to 5 years

HDFC Bank Personal Loan for Teachers

  • Purpose: HDFC Bank Personal Loan for Teachers is offered to meet the personal requirements of teachers employed at private or government schools and colleges
  • Loan Amount: Up to INR 40 lakh

HDFC Bank Personal Loan for Women

  • Purpose: Women applicants can avail of HDFC Personal Loan for Women to finance their personal expenses such as higher education, travel, wedding plans, emergency expenses, etc.
  • Tenure: Up to 5 years
  • Loan Amount: INR 50,000- INR 40 lakh

HDFC Bank Personal Loan for Salaried

  • Purpose: Salaried individuals can avail of Personal Loans for Salaried from HDFC Bank to meet their personal requirements
  • Tenure: Up to 5 years
  • Loan Amount: INR 50,000- INR 40 lakh

HDFC Bank Personal Loan for Government Employees

  • Purpose: HDFC Bank Personal Loan for Government Employees meets the personal requirements of individuals employed in government sectors
  • Loan Amount: Up to INR 40 lakh
  • Tenure: Up to 6 years

HDFC Bank Personal Loan Balance Transfer

  • Purpose: HDFC Personal Loan Balance Transfer facility is offered to existing personal loan borrowers of other banks/NBFCs for transferring their existing personal loans to HDFC Bank at lower interest rates
  • Processing Fee: Starting at INR 3,999 + GST

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