Personal Loan FAQs
A Personal Loan is an unsecured loan that allows you to borrow money from lenders without providing any form of collateral. You can use the loan amount for various expenses and repay the funds via monthly installments.
To avail of the HDFC Bank Personal Loan, all you need to do is submit the loan application form. On meeting the eligibility criteria, you will get an offer with the sanctioned amount, tenure of loan, and interest rate. Once you accept the offer, funds are transferred to your bank account instantly. You can also submit the application form online in just a few clicks.
Personal Loan is offered up to ₹40 Lakh. However, based on the loan requirement, one can avail up to ₹75 Lakh subject to eligibility norms.
A CIBIL score above 720 is considered good for the sanctioning of a Personal Loan.
Benefits of Personal Loan
Key Highlights
Personal Loan Up to ₹40 Lakh
Meet loan requirements without compromise.
Loan Disbursal in 10 Seconds*
Access the approved loan amount quickly.
Affordable Interest Rate
Save more with competitive interest rates.
Documents & Eligibility
Documents Required
- Identity Proof & Address Proof
- Copy of valid passport
- Voter ID card
- Driving license
- Aadhaar card
- Bank statement (3 months) or Passbook (6 months)
- Two latest salary slips/current dated salary certificates + latest Form 16
No documents needed for pre-approved Personal Loan!
Eligibility Criteria
- Age: 21 to 60
-
Employment:
- Employees of private limited companies
- Employees of public sector undertakings (central, state, local bodies)
- Work Experience: Minimum of 2 years total work experience, with at least 1 year in the current organization
- Income: Minimum monthly net income of ₹25,000
Know your Personal Loan eligibility criteria now. Apply today and get quick access to funds.
Rates & Charges
| Charges | Details |
|---|---|
| Rate of Interest | 10.85% to 24.00% (Fixed Rate) |
| Loan Processing Charges | Up to ₹6,500/- + GST |
| Stamp Duty | At actuals (As per applicable state laws) |
You can get the complete schedule of Personal Loan fees and charges here.
