Unsecured, collateral-free loans: Applicants can avail of the different types of Personal Loans without collateral.

Quick and easy disbursal: Within 10 seconds* to 4 hours*, this is all the time it takes for HDFC Bank to approve your loan application (subject to terms and conditions). Thereafter, the loan amount is disbursed within one working day from the time of submission of documents.

Competitive interest rates: With HDFC Bank Personal Loan, you can get loans at attractive interest rates, with added benefits offered by the banks if you are an existing customer with a very good credit history and CIBIL score.

Flexible loan tenure: These variants under Personal Loan categories come with flexible tenures of 1-5 years, with an easy EMI repayment option available.


  • Must be between 21 years and 60 years of age

  • Salaried employees at select private limited companies and public sector undertakings (including central, state and local bodies)

  • For the self-employed: applicants may be required to have a specified minimum income, and financial documents that show stability of income.

  • Must have had a job for at least 2 years, with a minimum of 1 year with the current employer

  • For an HDFC Bank Salary Account holder: must have a minimum net monthly income of Rs 25,000.

  • For a non-HDFC Bank Salary Account holder: must have a minimum net monthly income of Rs 50,000

*Government taxes and other levies as applicable will be charged over and above the Fee and Charges. Loan disbursal is at the sole discretion of HDFC Bank Ltd.


  • Identity proof (copy of passport/voter ID card/driving license/Aadhaar)

  • Address proof (copy of passport/voter ID card/driving license/Aadhaar)

  • Bank statement for the previous 3 months (Passbook for previous 6 months)

  • Two latest salary slips/current dated salary certificate with the latest Form 16

  • Proof of end use

Interest Rates & Charges:


Amount to be paid

Rack interest rate

Salaried - 10.50% to 21.00%

Loan processing charges

Up to 2.50% of the loan amount subject to a minimum of Rs 2,999/- & maximum of Rs 25,000/- for salaried customers

Prepayment in Part or full

Salaried- No pre-payment in part or full permitted until repayment of 12 EMIs

Part-payment allowed up to 25% of principal outstanding. It is allowed only once in the financial year and twice during the loan tenure.

Pre-payment charges
(on principal outstanding) /

Part-payment charges 
[on part-payment amount]

Salaried- 13-24 months - 4% of principal outstanding,
25-36 months - 3% of principal outstanding
>36 months - 2% of principal outstanding

Loan closure letter


Duplicate loan closure letter


Solvency certificate

Not applicable

Overdue EMI interest

2% per month on EMI / principal overdue

Floating rate

Not applicable

Charges for changing from floating to fixed rate of interest

Not applicable

Stamp duty & other statutory charges

As per applicable laws of the state

Credit assessment charges

Not applicable

Non standard repayment charges

Not applicable

Cheque swapping charges

Rs 500/-

Amortization schedule charges

Rs 200/-

Loan cancellation charges

NIL (However client would be charged interest for the interim period between date of loan disbursement and loan cancellation and processing fees would be retained.)

Cheque bounce charges

Rs 550/- per cheque bounce

Legal/incidental charges

At actual