HDFC Personal Loan Interest Rate Calculator - Dec 2016

HDFC Bank Personal Loan Interest Rates

Last Updated 29th Nov 2016
Salaried Self Employed
Interest Rate 11.49% - 20.00% 16.25% - 19.75%
Lowest EMI Rs. 2,199 per lakh Rs. 3,528 per lakh
Loan Tenure From 12 months to 60 months From 12 months to 36 months
Loan Amount Min Rs. 50,000 and Max Rs. 2,500,000 Min Rs. 500,000 and Max Rs. 1,500,000
Processing Fee 0.25% to 1.50% 2.5% Min Rs. 1,000 Max Rs. 75000
Age Min 21 years and Max 60 years Min 21 years and Max 65 years
Prepayment Charges Not allowed Not allowed
Foreclosure Charges Allowed after 12 EMI's, Prepayment charges vary by year: 2nd year - 4%; 3rd year - 3%, after 3 years - 2% Allowed after 6 EMI's, Prepayment charges vary by year: 2nd year - 4%; 3rd year - 3%, after 3 years - 2%
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 Salaried   Self Employed - Professional   Self Employed - Business 

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HDFC Bank Personal Loan

HDFC Bank gives the facility of personal loan to the people who want money to achieve their urgent requirements. There are some features and benefits of taking personal loan from HDFC Bank:
  • Special offers for corporate employees
  • Special offers for women employees
  • Easy documentation with complete transparency
    • HDFC Bank has been rated 4.2/5.0 by customers for its service quality on MyLoanCare
    • HDFC Bank has over 4,972 branches in India where you can avail service
    • HDFC Bank offers special schemes and discounts for employees of large companies.
    HDFC Bank Personal Loan Interest Rate depends upon
    • Loan amount: Personal loan rate in HDFC Bank depends upon the loan amount you apply for. Higher the loan amount, lesser will be the interest rate
    • Company where you work: HDFC Bank has a list of companies to which they lend personal loan. Interest rate will be less if your company is listed
    • Your Salary: Income helps you in determining your rate of interest. HDFC Bank interest rate varies with your monthly income. Higher the income, less will the rate of interest

    Personal Loan HDFC Bank Charges

    Foreclosure Charges- These charges are to be paid in case you want to repay your entire loan amount before the end of tenure period. HDFC Bank allows prepayment of personal loan after paying 12 EMI’s with 1 prepayment charges
    Processing Fee- HDFC Bank asks for a processing fee of 0.25% to 1.50% of loan amount with applicable service tax

    HDFC Personal Loan EMI Calculator

    Personal Loan EMI of HDFC Bank is a fixed amount that you pay each month towards the repayment of your personal loan till the end of tenure. Lowest EMI offered by HDFC Bank is Rs. 2,199 per lakh loan amount. Personal Loan EMI of HDFC Bank depends on factors like:
    • Rate of interest is an important factor which affects your EMI. Higher the interest rate, higher will be the EMI
    • Loan tenure matters equally as longer tenure reduces your monthly EMI per lakh
    • Your EMI depends upon the amount of loan you are going to borrow. Loan EMI will be high if you apply for a high loan amount
    What are the benefits of calculating Personal Loan EMI?
    • Personal Loan EMI calculator of HDFC Bank helps you to calculate your monthly EMI at different rate of interest
    • HDFC Bank EMI calculator helps you to know your capacity to repay the loan after maintaining your standard of living
    • You get a rough idea about your monthly EMI and can plan your monthly budget accordingly
    Estimated EMI online by using EMI Calculator.

    HDFC Personal Loan Eligibility Calculator

    Personal Loan eligibility criteria HDFC Bank
    Eligibility of personal loan in HDFC Bank relies upon different factors but the most important factor is your ability to repay the loan. The main factors on which the eligibility of an applicant depends are
    • Age: Age plays an important role to know your eligibility and repayment capacity. Citibank offers personal loan to salaried individuals who are atleast 21 years old at the time of loan approval and maximum 60 years at the time of loan maturity. Self employed individuals with age of atleast 21 years and maximum 65 years at the time of loan maturity can apply for personal loan from HDFC Bank
    • Income: HDFC Bank Loan eligibility significantly depends upon your income. Usually bank set minimum levels of income to apply for personal loan. HDFC Bank asks for net monthly income of minimum Rs. 15,000.
    • Job stability and Profession: Job stability is important to improve your status and eligibility for personal loan from HDFC Bank. In case you are salaried, you must be in a full time job for at least 12 months of which not less 1 months must be with your current company. In case you are self-employed, you must be in current profession or business for at least 5 years and should preferably own either your office or your place of residence. Minimum turnover and minimum net income criteria may apply. Other than job stability, profession is also an important factor which can affect your HDFC Bank eligibility. If you are working with a reputed company, probability of getting personal loan from HDFC Bank increases as the income is considered to be more stable
    • CIBIL Score: Your past CIBIL history and repayment record of existing loans and credit cards has direct impact on your personal loan eligibility. If you have a poor repayment record, then you may not get the loan but on the other side, a regular repayment record increases your personal loan eligibility.
    • Loan Amount: HDFC Bank gives you personal loan depending upon your income. HDFC Bank gives you an amount ranging from Rs. 50,000 to Rs. 2,500,000. To improve chances of approval, apply for a loan amount that you can comfortably service.
    Estimated eligibility online by using Eligibility Calculator.
    Popular Products:
    • Personal Loan Diva for Women Customers
    • Personal Loan for Salaried Professionals
    • Personal Loan for Doctors
    • Golden Edge Personal Loan
    Maximum Annual Percentage Rate (APR) 11.89% to 20.4%
    Representative example of the total cost of the loan, including all applicable fees
    Here is an illustration of the total cost of the loan:
    • Total amount borrowed: Rs. 100,000
    • Time period: 12 months to 60 months
    • HDFC Bank Personal Loan Interest Rate: 11.49% to 20.00%
    • Processing Fee payable to HDFC Bank: Upto Rs. 2,000. Current offer for processing fee is 0.25% to 1.50%
    • Fee payable to MyLoanCare: NIL
    • Total Monthly Cost – From Rs. 2,199 for a 60 months Rs. 100,000 loan at 11.49% (lowest rate, longest time period) to Rs. 9,263 for a 12 months Rs. 100,000 loan at 20.00% (highest rate, shortest time period). This is inclusive of principal repayment.
    • Annual Percentage Rate (APR) of charge including all applicable fees: 11.89% to 20.4%
    • Total cost payable over loan tenure: Rs. 13,161 for 12 months loan to Rs. 33,926 for 60 months loan
    HDFC Bank’s terms and conditions as per loan agreement applicable. Short term loans/ pay day loans not available; minimum loan tenure - 12 months. Rate of interest depends upon company categorization, income, job stability, loan amount, CIBIL score, credit profile, existing obligations, verification and other factors. Credit at sole discretion of HDFC Bank.

    HDFC Bank Personal Loan Top up, Transfer

    Transfer of personal loan from another bank to HDFC Bank?
    HDFC Bank offers personal loan balance transfer from another bank. This is subject to your meeting other eligibility criteria of HDFC Bank
    You can avail additional top-up personal loan from HDFC Bank, subject to your eligibility

    Personal Loan HDFC documents required

    Personal loan for Salaried employee HDFC Bank documents required

    • Filled up loan application form
    • 2 Passport Size Photo
    • Copy of Income Tax PAN
    • Identity Proof - Passport/ Driving Licence/ Voter ID/ PAN
    • Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (upto 3 months old), Passport
    • Income Documents – 3 months payslip, 2 years Form 16, 3 months bank statement showing salary credit and any EMI debit

    Personal loan for Self-Employed HDFC Bank documents required

    • Filled up loan application form
    • 2 Passport Size Photo
    • Copy of Income Tax PAN
    • Identity Proof - Passport/ Driving Licence/ Voter ID/ PAN
    • Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (upto 3 months old), Passport
    • Income Documents – 6 months bank statement
    • Business proof such as VAT/ service tax registration, incorporation details in case of companies, business address proof

    Compare HDFC Personal Loan

    HDFC Personal Loan in India

    HDFC Bank Personal Loan Customer Care Number, Email, Application Status, Branches

    City Customer Care Number
    Agra 993-590-3333,
    Ahmedabad 079-61606161,
    Ambala 999-624-3333,
    Anand 079-61606161,
    Aurangabad 022-61606161,
    Bangalore 080-61606161,
    Bhilai 1860-266-6161,
    Bhilwara 987-500-3333,
    Bhiwadi 022-61606161,
    Bhopal 0731-6160616,
    Bhubaneswar Cuttack 993-790-3333,
    Bikaner 987-500-3333,
    Chandigarh 0172-6160616,
    Chennai 044-61606161,
    Cochin 0484-6160616,
    Coimbatore 044-61606161,
    Dehradun 993-590-3333,
    Delhi 011-61606161,
    Durg 1860-266-6161,
    Faridabad 011-61606161,
    Gandhinagar 079-61606161,
    Ghaziabad 011-61606161,
    Goa 989-060-3333,
    Greater Noida 011-61606161,
    Gurgaon 011-61606161,
    Guwahati 995-719-3333,
    Gwalior 0731-6160616,
    Hyderabad 040-61606161,
    Indore 0731-6160616,
    Jabalpur 0731-6160616,
    Jaipur 0141-6160616,
    Jalandhar 981-533-1111,
    Jodhpur 987-500-3333,
    Kanpur 993-590-3333,
    Karnal 999-624-3333,
    Kolhapur 989-060-3333,
    Kolkata 033-61606161,
    Kota 987-500-3333,
    Kozhikode 989-566-3333,
    Lucknow 0522-6160616,
    Ludhiana 981-533-1111,
    Madurai 984-067-3333,
    Meerut 993-590-3333,
    Mehsana 079-61606161,
    Mohali Sas Nagar 981-533-1111,
    Mumbai 022-61606161,
    Mussoorie 993-590-3333,
    Nagpur 989-060-3333,
    Nashik 989-060-3333,
    Noida 011-61606161,
    Noida Extn. 011-61606161,
    Panipat 999-624-3333,
    Patna 1860-266-6161,
    Pondicherry 984-067-3333,
    Pune 022-61606161,
    Raipur 1860-266-6161,
    Rajkot 079-61606161,
    Ranchi 1860-266-6161,
    Rohtak 999-624-3333,
    Roorkee 993-590-3333,
    Salem 984-067-3333,
    Shimla 999-624-3333,
    Sonepat 999-624-3333,
    Surat 079-61606161,
    Trichy 984-067-3333,
    Udaipur 987-500-3333,
    Vadodara 079-61606161,
    Varanasi 993-590-3333,
    Vijaywada 994-949-3333,
    Vizag 994-949-3333,
HDFC Personal Loan News - Dec 2016
23rd May 16 HDFC Bank plans to open 500 new branches this fiscal
HDFC Bank plans to open about 500 new branches this financial year as part of its steps to expand footprint. About 60% of new branches would be coming up in semi-urban and rural areas and the remaining in urban areas. Last fiscal, the bank opened 506 branches leading the tally to 4,520 at the end of March 2016. Of 506 branches, 256 branches were opened in semi-urban and rural areas. The branches will provide facilities like loans, deposits and savings.
02nd Feb 16 HDFC Bank ATM network to sell loans to non-customers too
HDFC Bank is now using its ATM network to acquire customers of other banks who use its ATMs
01st Feb 16 HDFC Bank to offer personal loans, credit cards at ATMs
HDFC Bank will extend small instant loans to its customers at ATMs based on their transaction details, salary credits, balances, credit and debit card repayments.
15th Oct 15 HDFC Bank ATMs to offer spot loans
HDFC Bank is extending the functionality of its ATM from providing anytime money to extending anytime loans.
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