HDFC Personal Loan

HDFC Bank’s personal loans can be customised to match your requirements, whatever be the purpose. Use the funds from our personal loans to finance a range of needs, from your wedding to your home renovation.

Key features of HDFC personal loans

Customization of personal loans
Special interest rates on personal loans for existing HDFC Bank customers.
First-time Loan customers can also avail of a host of benefits.
Transfer Loan Balance with Ease
- Transfer your existing Personal Loan to HDFC Bank.
- Enjoy lower EMI’s and SAVE on your interest payments
- Interest rates as low as 11.29%* on the existing loan transfer
- Flat processing fee of only Rs. 1999*

*Terms and conditions apply. Loan at sole discretion of HDFC Bank limited. Subject to documentation and verification as per Banks requirement.

Benefits on HDFC personal loans

Personal Accident Cover

For a nominal premium* you can avail of Personal Accident cover of up to Rs. 8 lakhs, and Critical Illness cover of up to Rs. 1 lakh. The premium for these policies will be deducted from the loan amount at disbursal. Applicable taxes and surcharge/cess will be charged extra.

Personal Loan Security

Secure your personal loan with Sarv Suraksha Pro, key benefits includes:

Credit Shield Cover equal to the outstanding loan amount
Accidental Hospitalisation cover of up to Rs. 8 lakhs*
Accidental Death/Permanent Disablement cover of up to Rs. 1 lakh*

*Terms and conditions of the insurers shall apply. The policy is offered by HDFC Ergo GIC Ltd.

Check your Personal Loan eligibility online or at select branches in just 60 seconds. Once all your papers are submitted, the loan will be disbursed in just one working day.

Door Step Services

For any help with your loan, you can Call Us and we will be at your Service Immediately

Eligibility Criteria

The following people are eligible to apply for a Personal Loan :

Salaried doctors, CAs, employees of private limited companies, employees from public sector undertakings, including central, state and local bodies
Individuals between 21 and 60 years of age
Individuals who have had a job for at least 2 years, with a minimum of 1 year with the current employer
Those who earn a minimum of Rs. 20,000 net income per month

Documentation

The following documents are required along with your Personal Loan application:

Identity proof (copy of passport / voter ID card / driving license / Aadhaar)
Address proof (copy of passport / voter ID card / driving license / Aadhaar)
Bank statement of previous 6 months (Passbook of previous 6 months)
Latest salary slip/current dated salary certificate with the latest Form 16
KYC

Rates & Fees

Enclosed below are HDFC Bank Personal Loan Interest Rates & Charges

Fee	Amount to be Paid
Rack interest rate	Contact for details
Loan processing charges	Up to 2.50% of the loan amount subject to a minimum of Rs. 1,999/- & Maximum of Rs. 25000/- for Salaried Customers.
Prepayment	Salaried - No pre-payment permitted until repayment of 12 EMIs
Pre-payment charges	Salaried - 13-24 Months - 4% of Principal Outstanding, 25-36 Months - 3% of Principal Outstanding >36 Months - 2% of Principal Outstanding
No Due Certificate/No Objection Certificate (NOC)	NIL
Duplicate of No Dues Certificate/NOC	NIL
Solvency Certificate	Not applicable
Charges for late payment of EMI	2% per month on EMI / Principal overdue subject to the a minimum amount of Rs. 200/-
floating rate	Not applicable

Fee	Amount to be Paid
Charges for changing from floating to fixed rate of interest	Not applicable
Stamp duty & other statutory charges	As per applicable laws of the state
Credit assessment charges	Not applicable
Non standard repayment charges	Not applicable
Cheque swapping charges	Rs 500/-
Amortization Schedule charges	Rs 200/-
Loan cancellation charges	NIL (However client would be charged interest for the interim period between date of loan disbursement and loan cancellation and processing fees would be retained.)
Cheque bounce charges	Rs. 550/- per cheque bounce
Legal/incidental charges	At actual

*Government Taxes and other levies as applicable will be charged over and above the Fees and Charges