HDFC Bank Personal Loan
HDFC Bank is India's largest private-sector personal loan lender. It offers pre-approved 10-second disbursals to salary-account customers and standard applications for others. Rates and fees below are published on the HDFC Bank website and are subject to change.
Last updated: 15 June 2025
Interest Rate
10.75% – 24% p.a.
Loan Amount
₹50,000 to ₹40 lakh
Tenure
12 to 72 months
Processing Fee
Up to 2.5% (max ₹25,000)
Key features
- Interest rate from 10.75% p.a. for eligible salaried applicants
- Loan amount up to ₹40 lakh
- Tenure 12 to 72 months (6 years)
- 10-second disbursal for pre-approved HDFC Bank customers
- Part-payment allowed after 12 EMIs; foreclosure allowed after 12 EMIs at 2-4%
Fees and charges
| Charge | Amount |
|---|---|
| Processing fee | Up to 2.5% of loan (max ₹25,000) + GST |
| Foreclosure charges | 2-4% of principal outstanding |
| Part-payment fee | 2-4% of amount pre-paid |
| EMI bounce charges | ₹550 per bounce |
| Late payment interest | 2% per month on overdue amount |
Eligibility at HDFC Bank
- Age 21 to 60 years for salaried
- Minimum net monthly income ₹25,000 (₹50,000 in top-tier cities for some categories)
- Minimum 2 years of total experience, 1 year with current employer
- Credit score of 720 or higher preferred
How to apply
You can apply on the HDFC Bank website or app. Existing HDFC customers see a pre-approved offer at login and can disburse in seconds. New customers upload PAN, Aadhaar, salary slips and bank statements and receive an in-principle decision within minutes.