Upto Rs.25,00,000 – HDFC Bank personal loan | Apply Now

HDFC Bank was first established in 1994 with its main registered office situated in Mumbai, Maharashtra, India. Its main vision is to be a Leading World-class Indian Bank offering financial services to its customers instantly. Currently, HDFC has over 500+ branches and over 16,000+ ATMs spread in India.

In this post, I’ll cover the personal loan details of HDFC Bank including its eligibility, documents needed, contact details, and many more.

Loan Details

Sl. No.CategoryData
1Loan amountUp to Rs 25 Lakhs
2TenureTill 60 Months (5 years)
3Age21 to 60 years
4Processing charge2.5%
5Interest rates10.25%
6Pre-payment fees2-4%
7Minimum incomeRs 25,000

Steps to apply for Personal Loan at HDFC

Step-1: Firstly, check your eligibility to get a loan using the calculator on the site.

Step-2: If you’re eligible after calculating, then click on the “E-connect” button.

Step-3: Fill up the loan application form using your personal details and then upload the required documents for verification.

Step-4: After filling up, submit the form and after few hours, your loan will be approved and transferred to you.

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Features

  • 24×7 guidance regarding your loan queries
  • Get your answer within 1 day after uploading documents
  • Get the option of personal loan security
  • Get benefit of video KYC procedure for verifying your identity

Types of HDFC Personal Loan

There exist various types of personal loans at HDFC and they are mentioned as:

  1. Wedding Loan
    • Given for wedding expenses
    • Loan amount: up to 40 Lakhs
    • Tenure: up to 5 years
    • Processing charges: 2.5%
  2. Emergency Loan
    • Given for any type of emergency whether it is medical or financial
    • Loan amount: up to 40 Lakhs
    • Tenure: up to 5 years
    • Processing charges: 2.5%
  3. Travel Loan
    • Given to meet up the travel spends
    • Loan amount: up to 40 Lakhs
    • Tenure: up to 5 years
    • Processing charges: 2.5%
  4. Covid emergency Loan
    • Given for pandemic urgencies
    • Loan amount: up to 5 Lakhs
    • Tenure: up to 5 years
  5. Home Renovation Loan
    • Given for refurbishing home
    • Loan amount: up to 40 Lakhs
    • Tenure: up to 5 years
    • Processing charges: 2.5%
  6. Students Loan
    • Given for higher studies
    • Loan amount: up to 40 Lakhs
    • Tenure: up to 5 years
    • Processing charges: 2.5%
  7. Debt Consolidation Loan
    • Given for making re-payments
    • Loan amount: up to 40 Lakhs
    • Tenure: up to 5 years
    • Processing charges: 2.5%
  8. Teachers Loan
    • Given to teachers for meeting up added expense
    • Loan amount: up to 40 Lakhs,
    • Processing charges: 2.5%
  9. Salaried Loan–
    • Given for salaried applicants in emergency
    • Loan amount: up to 40 Lakhs
    • Tenure: up to 5 years
    • Processing charges: 2.5%
  10. Women Loan
    • Given for women to fulfill any education / wedding / travel costs
    • Loan amount: up to 40 Lakhs
    • Tenure: up to 5 years,
    • Processing charges: 2.5%
  11. Government workers Loan
    • Given for government employees to fulfill their personal needs
    • Loan amount: up to 40 Lakhs
    • Tenure: up to 6 years
    • Processing charges: 2.5%
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Eligibility Criteria

Eligibility criteria are common for all types of personal loan at HDFC Bank. These criteria are as follows:

  • Currently a worker in any public/private firms
  • Age: 21 years or more (till 60 years)
  • At least 2 years of work experience (1 year with current firm)
  • Minimum monthly income: Rs 25,000 (for HDFC bank salary account holders), Rs 50,000 (for Non-HDFC salary account holders)

Required Documentation

The documents that are required for availing a personal loan at HDFC are common for all types and are described as:

  1. Identity proof (Passport/Driving license/PAN card/Aadhar card)
  2. Residential proof (Ration card/Aadhar card/Voter ID)
  3. Bank statements (last 3 months)
  4. Income slips
  5. Passport sized photographs

Comparison of HDFC Bank with other banks

SL. No.Bank NameInterest ratesLoan amountProcessing charge
1ICICI10.5-20%Up to 40 Lakhs2.25%
2Axis12-21%Up to 15 Lakhs2%
3SBI1.5%Up to 20 Lakhs9-16%
4Bajaj13%Up to 25 Lakhs4.1%
5BOI8.35-10.35%Up to 10 Lakhs2-4%

Check Status

You can instantly check the status of your HDFC personal loan by clicking on the following button:

Contact Details

HDFC Customer care number:  1860 267 6161 (available across India)

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To get city wise customer numbers: Click here

Official webpage for a personal loan at HDFC: Click here

Write to HDFC: HDFC Bank Ltd, New Building, ‘A’ Wing 2nd floor, 26 A Narayan Properties, Chandivali Farm Road, Off Saki Vihar Road, Chandivali, Andheri [East], Mumbai – 400 072

FAQs

1]. Is the number provided for customer care toll-free?

No, currently bank do not offer any toll-free numbers. Local mobile charges may apply.

2]. Does any facility of pre-approved personal loan available at HDFC?

Yes, they do offer this facility to its existing consumers. Consumers can get approval for a personal loan within 10 seconds after their application.

3]. What are the options to pay my personal loan EMI at HDFC?

You can pay EMI through a bank account, net banking, digital clearing services, etc.

4]. How can I know the nearest branch of HDFC from my home?

You can visit their official webpage and there, click on the “Locate us” option. By then, entering your personal details, you can get the closest branch of HDFC from your home.

5]. What are the timings for calling the HDFC customer care number?

You can call from 8.00 am to 8.00 pm every day.

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