Personal Loan Online


HDFC Bank Personal Loan is designed to fulfil your diverse monetary needs easily and quickly, making it one of the best credit options. A Personal Loan is ideal for funding planned events, such as marriages, vacations & home renovation or unplanned ones, like emergency medical procedures. The best part is that you can get an HDFC Bank Personal Loan quickly through an end to end online process for your every need.

Let nothing hold you back. Apply for a Personal Loan online from HDFC Bank in a few quick and easy steps. Click here to Apply for a Personal Loan online.

Here are some of the best features of HDFC Bank Personal Loan:

  • Minimum Paperwork
  • Loan up to Rs.40 Lakh
  • Flexible tenure of up to 5 years
  • Minimal processing fee
  • Minimal documentation requirement
  • No Paperwork & 10 seconds disbursals for select Pre-approved HDFC Bank customers
  • Quick loan approvals and disbursals for new customers
  • Check your loan eligibility in 1 min with Loan Eligibility calculator
  • Minimum Paperwork
  • Get funds in 10 seconds
  • Loan up to 40 Lakhs
  • Collateral Free Loan
  • Personal loan offers for Government Employees
  • Transfer loan balance with ease

Get a personal loan in quick time

  • Check eligibility in one minute online and at select branches - Personal Loan Eligibility Calculator.
  • Get funds in 10 seconds if you are a pre-approved HDFC Bank customer. Other customers can get a loan in under 4 hours.
  • Get loan amount in just one working day of document submission

Apply Online for a personal loan

Protect yourself with insurance

  • 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 during disbursal. Applicable taxes and surcharge/cess will be charged extra.
  • Personal Loan Security: Secure your personal loan with Sarv Suraksha Pro. Key benefits include:
    • 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.

Get a personalised product

No matter why you need a personal loan, HDFC Bank can customise the offering for you. If you already have an HDFC Bank account, you can benefit from special rates, charges and offers. HDFC Bank also offers a host of benefits for first-time loan customers Enjoy the flexibility to pick a tenure that suits you and pay back the loan in pocket-friendly EMIs (Use our Personal Loan EMI Calculator to check your monthly outgo)

Save money with personal loan balance transfer

Lower your personal loan EMIs by doing a balance transfer to HDFC Bank.

  • Interest rates as low as 11.49%* on the existing loan transfer
  • Flat processing fee of only Rs. 3999*
  • To transfer your loan balance, apply now.

Get assistance anytime, anywhere

For any help with your loan, you can reach out to us via SMS, Webchat, Click2Talk and PhoneBanking.

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

Personal Loan Benefits

  • EMI starting at Rs. 1,829/ lac^
  • Loan up to Rs 40 lacs
  • Loan disbursal in 4 hours^
  • Minimal documentation

FAQ


Interest on Personal Loan depends on various factors such as CIBIL score, Repayment History, Principal amount, Tenure.

Use the Personal Loan EMI calculator link.

  • How is Personal Loan processing fee calculated?

The bank has to incur some costs while processing and sanctioning of loan and hence the processing fee is charged accordingly.

  • Is there any option to get the Personal Loan foreclosure charges waived?

​​​​​​Under the Golden Edge program we offer, upon the payment of a minimum 12 EMIs, the Customer shall have the option to foreclose the loan in full or part towards the outstanding principal amount of the loan without any prepayment charge if the loan is prepaid from own sources.. The customer who is having an income >= ₹75,000, and net loan amount >₹10 Lakh is eligible for this offer.

  • Why is there 12 months lock-in period for Personal Loan pre -closure?

The bank incurs the costs towards sourcing of loan accounts, carrying out pre-sanction credit verification, market reference checks etc. These costs are amortized over the normal tenor of the loan and the opportunity to recover this cost is lost when a loan is foreclosed early.

  • Is insurance mandatory for Personal Loan? Is insurance included in deductions or in EMI?

Insurance is the subject matter of solicitation. We recommend you to protect your loan obligation against unforeseen events so that your family should not have the burden to pay back on behalf of you.

  • Is there any discount on the interest rate or processing fees applied if I take the Personal Loan online or at a branch?

We are running special offers on regular basis. You can reach out to our branch / RM to know more about the ROI offering.

  • Is there any stamp duty applicable for taking Personal Loan?

Stamp duty is levied by the Indian government and its compulsory to be paid to the government.

  • Is there any option to get the processing fees waived?

The bank has to incur some costs while processing and sanctioning of loan and hence the processing fee is charged accordingly.
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  • What documents should be kept handy for new and existing customers?

​​​​​​​There is a pre-approved offer that you can avail of through NetBanking wherein no documents are required. If you are not eligible for a pre-approved offer, documents are required to ascertain the profile and loan eligibility.