Personal Loan

How existing customers can benefit with our personal loans:

Have an HDFC Bank salary account? We have a special offer just for you.

If you have taken an auto loan or home loan from us and have cleared your repayment for at least 6 months or 12 months respectively, you can get a personal loan without income documentation.

Already have an HDFC Bank personal loan? Have you cleared your repayment for 9 months or more? Then get in touch with us to top-up your personal loan.

Credit Shield

Should anything unfortunate happen to you, such as death or permanent disability due to accident, and you can’t pay off your loan, we really do understand, and that’s why we arrange for a special Payment Protection Insurance (Credit Shield).

This Credit Shield insures the principal outstanding on your loan up to the maximum loan amount. (*)

Principal outstanding is the amount you still owe on the loan, taking into account payments you made and interest accrued, as determined in the loan policy.

The loan amount Credit Shield covers does not include any principal added because of EMIs not paid on time and also will not include interest/accrued charges.*

Personal Accident Cover

We help you take care of your loved ones with a Personal Accident cover of up to Rs. 8,00,000 at a nominal premium.*

* We will charge a premium for both these products, and the amounts will be deducted from the loan amount at the time of disbursal. Keep in Mind that we will also charge service tax and applicable surcharge/cess at the rates notified by the Government.

(* terms and conditions of the Insurers shall apply, Above product is offered by HDFC Ergo GIC ltd)

Check which category you fit into first. Depending on the kind of work you do, our requirements to give you a loan will be different.

Are you paid a regular salary?

This category includes salaried doctors, CAs, employees of select public and private limited companies, government sector employees such as public sector undertakings and central, state and local bodies.

You should:

• Be 21-60 years of age.
• Have had a job for at least 2 years, and a minimum of 1 year with your current employer.
• Earn at least Rs. 10,000/- per month net income (Rs. 15,000/- in Mumbai, Delhi, Bangalore, Chennai and Hyderabad, Rs. 12,000 in Calcutta, Ahmedabad and Cochin).

Documents you will need to submit:

• Proof of your identity: Copy of passport/voter’s ID card/driving license
• Proof of your address: Copy of ration card/telephone or electricity bill/rental agreement/passport
• Your last 3 months bank statement/6 months bank passbook
• Your most recent salary slip or current dated salary certificate with the latest Form 16.

Are you a self-employed professional?

This category includes self-employed doctors, chartered accountants, architects, and company secretaries.

You should:

• Be 25-65 years of age.
• Be in business for 4-7 years depending on your profession.
• Earn at least Rs. 1,00,000 per year

What we need to see from you:

• Proof of your identity: Copy of passport/voter’s ID card/driving license.
• Proof of your address; ration card/telephone or electricity bill/rental agreement/passport copy/trade license/sales tax certificate/Establishment/ Sales Tax certificate.
• Last 6 months bank statements/passbook.
• Copy of latest income tax return (ITR) along with computation of income, balance sheet (B/S) and profit and loss (P&L) a/c for the last 2 yrs. certified by a CA
• Qualification proof of the highest professional degree.

Are you a self-employed individual?

This category includes self-employed sole proprietors, partners and directors in the business of manufacturing, trading or services.

You should:

• Be 21-65 years of age
• Be in the business for at least 3 years in your current organisation, with 5 years of total experience.
• Earn at least Rs. 1,00,000 per year

Documents you will need to submit:

• Proof of your identity: Copy of passport/voter’s ID card/driving license.
• Proof of your address: Copy of ration card/telephone or electricity bill/rental agreement/passport copy/trade license/Sales Tax Certificate/Est./ Sales Tax certificate
• Your last 6 months bank statement/passbook.
• Copy of latest income tax return (ITR) along with computation of income, balance sheet (B/S) and profit and loss (P&L) a/c for the last 2 yrs. certified by a CA
• Proof of continuation (Trade license /Establishment /Sales Tax certificate).
• Other mandatory documents are Sole Proprietor Declarations or Certified Copy of Partnership Deed, Certified Copy of Memorandum of Association (MOA), Articles of Association (AOA) and Board resolution.

Are you self-employed? (Private Companies and Partnership Firms)

If you own a private company or are a partner in a partnership firm in the business of manufacturing, trading or services, this loan is for you.

You should:

• Be in the business for at least 3 years in your current organisation, with 5 years of total experience
• Be making a profit for the past 2 years.
• Earn a minimum of Rs. 1,00,000 per year.

Charges which are in nature of fees are inclusive of service tax.

Have more questions, check our FAQs Section