How to get Personal loans from HDFC bank to online

Check your Personal Loan eligibility in 1 minute

With simplified documentation and speedy approvals, availing Personal Loan Finance couldn't get easier.
You can check personal loan eligibility online and across all our branches.
Why take a Personal Loan from HDFC Bank?Apply now for an HDFC Bank Personal Loan.

Features

• Convenience of contacting us through SMS, Webchat, Click2Talk, PhoneBanking and across all Branches
• Personal Loan eligibility in 1 minute available online & across all branches
• Loan in your account in 2 days*
• Special loan offers* for women employees
• Best in class offerings on loan amount, interest rates and charges, for HDFC Bank account holders

Apply Online

Benefits

• Simplified documentation
• Speedy approvals
• Loan available for various needs

Calculator

Are you eligible for a Personal Loan? See our 1 Minute Eligibility Calculator.

Apply Online

Status of Loan Application
Click here to view the status of your Personal Loan application.

Contact Us

Why take a Personal Loan from HDFC Bank?

Whatever be your need we have a loan for you. Over the years we have won the trust of our customers and have become market leader in loan products.

Enjoy triple benefits when you take a Personal Loan from HDFC Bank:

• Faster loan - Our loan sanction and disbursal is one of the quickest with easy documentation and doorstep service.
• Competitive pricing – Our loan rates and charges are very attractive
• Transparency – Complete clarity on loan process and No hidden charges. Update on status of loan application at each stage.

Already have a Personal Loan?

Reduce your EMI, transfer your existing Personal Loan to us. Personal Loan balance transfer offers special and exclusive benefits.

• Interest rate as low as 12.99* % on existing loan transfer.
• Flat processing fees of Rs. 999/-

Now reduce your EMI burden with our balance transfer programme.
Apply now for a Personal Loan Balance Transfer.

What's this product all about?

You will get some exclusive features and benefits with your HDFC Bank Personal Loan

• In - Principle loan eligibility in 1 Minute online and across all branches
• Personal Loan Diva : A Dedicated Loan offering for women employees with more than 100 free alliance offerings , across 100 locations in India.
• Loan can be offered to first time borrowers.
• Convenience of contacting the bank through SMS, Webchat, Click2Talk, PhoneBanking and at Branches
• Personal Loan is also available on the basis of repayment of home loans, auto loans and credit cards.
• Personal Loan is available with Personal Accidental Cover of upto 8 lacs* along with Critical Illness cover of 1 lacs*

Personal Accident Cover
We help you take care of your loved ones with a Personal Accident Cover of up to Rs. 8,00,000 at a nominal premium.*

We will charge a premium for both these products, and the amounts will be deducted from the loan amount at the time of disbursal. we will also charge service tax and applicable surcharge/cess at the rates notified by the government.

Secure your personal Loan With Sarv Suraksha Pro
Key benefits of policy:

• Credit Shield Cover equals to loan o/s
• Accidental Hospitalization up to 8 lac
• Accidental Death /Permanent Disablement is 1Lac
• Critical illness is 1 lac

(* terms and conditions of the Insurers shall apply, Above product is offered by HDFC Ergo GIC ltd)

How to get it?

Check which category you fit into first. Depending on the kind of work you do, our requirements to give you a loan will be different.
Are you paid a regular salary?
This category includes salaried doctors, CAs, employees of select public and private limited companies, government sector employees such as public sector undertakings and central, state and local bodies.
You should:

• Be 21-60 years of age.
• Have had a job for at least 2 years, and a minimum of 1 year with your current employer.
• Earn at least Rs. 10,000/- per month net income (Rs. 15,000/- in Mumbai, Delhi, Bangalore, Chennai and Hyderabad, Rs. 12,000 in Calcutta, Ahmedabad and Cochin).

Documents you will need to submit:

• Proof of your identity: Copy of passport/voter’s ID card/driving license
• Proof of your address: Copy of ration card/telephone or electricity bill/rental agreement/passport
• Your last 3 months bank statement/6 months bank passbook
• Your most recent salary slip or current dated salary certificate with the latest Form 16.

What are the fees and charges you must pay?

Fee	Amount to be Paid
Rack interest rate	Salaried - 15.75% to 20% Self-employed businessman - 17.50% to 22.00% Self-employed profession - 14.50 to 15.00%
Loan processing charges*	Up to 2.50% of the loan amount subject to a minimum of Rs. 1,000/- & Maximum of Rs. 25000/- for Salaried Customers and Rs. 75000/- for Self Employed Customers.
Prepayment	Salaried - No pre-payment permitted until repayment of 12 EMIs Self-employed - No pre-payment permitted until repayment of 6 EMIs
Pre-payment charges*	Salaried - 13-24 Months - 4% of Principal Outstanding, 25-36 Months - 2% of Principal Outstanding >36 Months - NIL Self-employed - 07-24 Months - 4% of Principal Outstanding 25-36 Months - 2% of Principal Outstanding >36 Months - NIL
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	24% per annum on amount outstanding from date of default
Charges for changing from fixed to floating rate of interest	Not applicable
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*	NIL
Loan re-booking charges/re-scheduling charges*	NIL
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. 450/- per cheque bounce
Legal/incidental charges	At actual
CIBIL Report Copy Charges	Rs.50 per copy

Charges which are in nature of fees are inclusive of service tax. * Revised charges are applicable for Loan applications from 1st August 2013.

Have questions?

How can I change the mode of repayment/ account for my loan?

With reference to your request to change the mode of repayment/account for your loan, there are 3 modes of repayment for the loan account.

Kindly submit the Swap Form along with the required documents mentioned below pertaining to the new mode/account of repayment at the nearest Retail Loan Service Center.

View more

How can I repay my Personal Loan?

You pay the loan in equal monthly instalments (EMIs). The loan will be paid through post-dated cheques. You can also pay through ECS or a standing instruction to debit your HDFC Bank account with the EMI amount.

Try our EMI calculator to calculate how much you need to pay each month.

What are the charges I have to pay to change the mode of repayment/ account for my loan?

Nil charges

Are there any additional charges for loan repayment?

The additional charges (if any) are applicable in case you default or in case of SWAP (i.e. change the repayment mode). The charges are updated and can be viewed in the Fees & Charges section in the Bank’s website of each loan product.

How much time will it take to change the mode of repayment/ account for your loan?

It will take 25 working days to activate the revised instructions. In case your next instalment falls due prior to the period, an instruction already lodged with us will be presented for payment.

Have more questions, check our FAQs Section