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HDFC Bank Personal Loan

4.3
Interest Rate
10.5% – 24%
Loan Amount
₹50K – ₹40L
Tenure
12–60 months

Rates as of October 2026

HDFC Bank Personal Loan — Key Details

Interest Rate
10.5% – 24% p.a.
Loan Amount
₹50K – ₹40L
Tenure
12 – 60 months
Processing Fee
Up to 2.5% (min ₹999)
Min CIBIL Score
700+
Min Monthly Income
₹25,000
Age Range
21 – 60 years
Employment Type
Salaried, Self-Employed Professional

Eligibility Criteria

Who qualifies for a HDFC Bank personal loan?

  • Age: 21–60 years
  • Minimum monthly salary: ₹25,000
  • CIBIL score ≥ 700
  • Minimum 2 years total work experience
  • At least 1 year with current employer

Documents Required

  • PAN Card
  • Aadhaar Card / Passport / Voter ID
  • Last 3 months salary slips
  • Last 3 months bank statements
  • Form 16 / ITR (last 2 years)
  • Employee ID or HR letter

Pros & Cons

Advantages

  • Competitive rates from 10.5% p.a.
  • High loan amount up to ₹40 lakhs
  • 10-second digital approval for pre-approved customers
  • Wide branch and digital banking reach
  • Pre-approved offers with zero documentation for existing customers

Watch out for

  • Strict CIBIL requirement (≥ 700)
  • Processing fee up to 2.5% adds to cost
  • Primarily for salaried segment
  • Self-employed face stricter scrutiny

How to Apply for HDFC Bank Personal Loan

  1. Visit Paisawaala or HDFC Bank website and click Apply
  2. Enter mobile number and basic employment details
  3. Receive instant eligibility check and personalised offer
  4. Upload KYC documents digitally (Aadhaar, PAN, salary slips)
  5. Get in-principle approval within 10 seconds
  6. Loan disbursed directly to your bank account in under 4 hours

HDFC Bank Personal Loan — Frequently Asked Questions

HDFC Bank requires a minimum monthly income of ₹25,000 for personal loan applicants. Salaried employees with a regular salary credit and self-employed professionals with documented income both qualify, subject to individual credit assessment.

HDFC Bank charges a processing fee of Up to 2.5% (min ₹999). This is a one-time charge deducted from the disbursed amount. GST at 18% is also applicable on the processing fee. There are no hidden charges — all fees are disclosed upfront on Paisawaala.

The final step with HDFC Bank is typically: Loan disbursed directly to your bank account in under 4 hours. For existing customers or pre-approved offers, the timeline is significantly shorter.

HDFC Bank requires a minimum CIBIL score of 700. A higher score (750+) improves your chances of getting a lower interest rate. You can check your CIBIL score for free on Paisawaala before applying.

Yes, most personal loans from HDFC Bank can be foreclosed after a lock-in period (typically 6–12 EMIs). Foreclosure charges may apply depending on when you close the loan and the outstanding principal. Check the loan agreement for exact terms.

HDFC Bank is a scheduled private sector bank regulated by the Reserve Bank of India (RBI). Your deposits are insured by DICGC up to ₹5 lakhs.

Ready to apply?

Apply for HDFC Bank Personal Loan

No impact on your CIBIL score for eligibility check

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