HDFC Bank Personal Loan

Personal loans at HDFC Bank are subject to high level of transparency and efficient handling of the customer requirements. It also offers flexible payment options with the feature of tranche based EMI. At Loanstreet you can apply for personal loans online and get a prompt approval with assured satisfaction.

Minimum Threshold for HDFC Bank Personal Loan Eligibility
  1. Salaried Individual
    • Minimum Age of the applicant should be 21 years
    • Maximum Age of the applicant at the time of loan maturity should be 60 years.
    • The minimum employment period should be of two years with one year at the present organisation.
    • Minimum Income is a net salary of Rs 15000 per month
  2. Businessman/ Self Employed Individuals
    • Minimum Age of the applicant should be 22 years
    • Maximum Age of the applicant at the time of loan maturity should be 65 years.
    • Minimum Business period should be five years with minimum three years in current business.
    • The Minimum annual income should be Rs 3,00,000 net Profit as per latest IT Return
Documentation for HDFC Bank Personal Loan

For application of HDFC Personal Loan, self-attested copies of the following documents are solicited:-

  1. The Signed application form duly filled with photograph
  2. ID/ Age Proof - PAN Card/ Passport/ Aadhar Card and Residence Proof – Passport/ Utility bills/ Bank Statements.
  3. Passport Size Photo
Salaried Individuals
  1. Last 2 years Form 16 or Income Tax Returns
  2. Last 3 months salary slips
  3. Last 6 months bank statement reflecting salary credits
  4. Appointment letter from the current employer
  5. For Professionals- Qualification Proof, Registration with Professional council etc.
  6. Identity Card and Business Card of the Current Employer
Self employed Individual/ Proprietorship
  1. Proof of Business- Shop and Establishment Certificate/Vat Registration Certificate/ Service Tax Certificate
  2. Last 3 years IT tax returns with profit and loss account and balance sheet duly audited by CA
  3. Latest 12 months bank statement- Savings Account and Current Account
  4. Existing Loans’ Sanction letters accompanied with repayment track
  5. Business profile on the letterhead of the company
HDFC Bank Personal Loan Interest Rates
Rate of Interest 11.99% to 20%
Loan Tenure 1 year to 5 years
Processing Fees 2% of the loan amount + taxes
Foreclosure charges 4% of the outstanding principal + taxes
Unique Features Of HDFC Bank Personal Loan
  • The customer can get personal loan serviced from any place of the city due to an robust integrated branch network.
  • High level of transparency when it comes to informing the customers about the various fees involved in loan inquiry.
  • Highly flexible repayment options for the convenience of the customers.
  • Doorstep service by experienced staff.
  • Flexible and easy EMI’s.
  • Your personal loan can get disbursed in 2 days with HDFC Bank.
  • A complete hassle free loan approval where the collateral or security is not required.