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HDFC Personal Loan - Step by Step Process

HDFC Bank personal loan interest rates start from 10.50% per annum. The bank offers loans up to Rs 40 lakh for a tenure of up to 6 years. You can also transfer your existing personal loan from other banks and NBFCs to HDFC at lower interest rates. Apart from this, HDFC Bank offers a special personal loan scheme, Golden Age Personal Loan, to its customers. Under this scheme, customers with a monthly income of Rs 75,000 can get a loan of Rs 10 to 40 lakh. How to get a personal loan from HDFC Bank? And other information about HDFC Personal Loan is given below.

Personal Loan for Home Renovation

  • Purpose: To meet home renovation expenses
  • Loan amount: Up to Rs 40 lakh
  • Tenure: Up to 5 years

Personal Loan for Teachers

  • Purpose: To meet any additional expenditure for teachers of private or government schools and colleges
  • Loan amount: Up to Rs 40 lakh

Personal Loan for Women

  • Purpose: To meet the financial needs of women for travel, education and marriage or any other emergency expenses
  • Tenure: Up to 5 years
  • Loan amount: Rs 50,000 – Rs 40 lakh

Personal Loan for Salaried Person

  • Purpose: To meet the urgent monetary needs of job seekers
  • Tenure: Up to 5 years
  • Loan amount: Rs 50,000 – Rs 40 lakh

Personal Loan for Government Employees

  • Purpose: To meet the financial needs of Government employees related to marriage, medical emergency, travel etc.
  • Loan amount: Up to Rs 40 lakh
  • Tenure: Up to 6 years

Balance Transfer

  • Purpose:  Personal Loan Balance Transfer facility for existing personal loan borrowers from other banks / loan institutions to avail lower interest rates at HDFC Bank
  • Processing fee: Starting from Rs 3,999 + GST

HDFC Bank Express Personal Loan

Purpose: HDFC Bank Express Personal Loan is a completely digital instant personal loan facility offered to meet the requirements of its applicants.

  • Loan amount: Up to Rs 40 lakh
  • Tenure: Up to 5 years

Eligibility Criteria for HDFC Bank Personal Loan

  • Private sector employees, public sector employees and employees of central, state and local bodies
  • Age: 21-60 years
  • Minimum 2 years of service and 1 year with current employer/company
  • HDFC Those who have a salary account with HDFC Bank must have a minimum monthly salary of Rs 25,000
  • To avail HDFC personal loan, people who have salary account in HDFC Bank should have minimum monthly salary of Rs. 25,000. Whereas, people who do not have salary account in the bank should have minimum monthly income of Rs. 50,000.

Eligibility Criteria for Gold Edge Personal Loan

  • Employees of private limited companies and public sector undertakings are eligible for HDFC Golden Edge Personal Loan
  • The age of the applicant should be 21 years at the time of loan application and 60 years at the time of loan maturity.
  • The minimum monthly income to avail HDFC Golden Edge personal loan is Rs 75,000.
  • Individuals having a minimum of 2 years of total work experience and at least 1 year of experience with the current employer can avail the Golden Age Personal Loan.

HDFC Personal Loan: Documents Required

  • Identity Proof ( Aadhaar Card /Driving License/Voter ID/Passport)
  • Address Proof (Aadhaar Card/Driving License/Voter ID/Passport)
  • Bank statement for the last 3 months (Updated passbook for last 6 months)
  • Recent salary certificate along with Form 16 /recent salary slip
Documents Required for Gold Edge Personal Loan
  • Photo ID card and address proof
  • Company ID card
  • Copy of PAN card
  • 3 months salary slip
  • Salary account statement for last 3 months
  • Form 16 of the previous financial year

HDFC Bank Customer Care

You can contact HDFC Bank Customer Care for personal loan related queries or issues:

  • Helpline Number: 1800 202 6161 / 1860 267 6161 (available all over India) or you  can also chat with the bank's Virtual Assistant EVA for instant resolution of your issue
  • For registration of complaints: 1800 258 3838

Click here to know the HDFC Personal Loan Customer Care Number of your city