Simple Content

Different Types Of Personal Loan In India

HDFC Bank Personal Loan can be used to fulfil various financial requirements. These loans come with the advantage of no specific end-use restrictions, allowing borrowers the flexibility to utilize the funds as per their needs.

Moreover, certain types of Personal Loans from HDFC Bank also offer potential tax benefits. Explore the following diverse options of Personal Loan.

Personal Loan for Medical Emergency

Medical Emergency Loan provides quick and convenient financial assistance to cover unexpected medical expenses, ensuring you can prioritize your health without worrying about the financial burden.
  • Flexible tenure
  • Quick & easy disbursal
  • Easy repayment in monthly instalments
  • Minimal documentation

Personal Loan for Marriage

Marriage Loan offers hassle-free financing for your dream wedding, providing the necessary funds to make your special day memorable without any financial stress.
  • No security/collateral required
  • Online application process
  • Flexible tenure
  • Loan up to Rs. 40 Lakh

Premium Personal Loan

HDFC Bank’s Premium Personal Loan is a specialised loan for elite customers.
  • Personalized Loan Offerings
  • Get higher loan amount
  • Competitive interest rates

Personal Loan for Teachers

If you are a teacher, you can get a Personal Loan to meet unexpected expenses and more.
  • Collateral-free loans
  • Easy online application
  • Attractive interest rates
  • Tax benefits on interest payments

Personal Loan for Emergency

No matter the emergency, our instant Personal Loans have you covered.
  • Collateral-free Loans
  • Hassle-free application process
  • Instant disbursal for pre-approved customers*

Personal Loan for Home Renovation

Whether it is a minor upgrade or a complete transformation, we are here to finance your home renovation dreams.
  • Attractive interest rates.
  • No collateral required
  • Flexible tenure and convenient EMI repayments
  • Hassle-free documentation process

Personal Loan for Students

Invest in your potential and craft your future the way you want. Get tailored Personal Loans to support your academic journey.
  • Swift loan processing and disbursement
  • Easy repayment plans
  • No restrictions on end-use

Personal Loan for Women

Discover the strength of financial freedom with HDFC Bank's Personal Loan for Women.
  • Quick and hassle-free online process
  • Flexible repayment options
  • Preferential interest rates*

Personal Loan for Salaried

Jumpstart your aspirations with HDFC Bank's Personal Loan for Salaried.
  • Competitive interest rates
  • Pre-approved loan offers*
  • No collateral required

Personal Loan for Government Employees

As a government employee, you can get a Personal Loan from us to fulfil your immediate fund requirements.
  • Hassle-free application process
  • No restriction on the loan amount’s end use
  • Convenient repayment terms

All You Need To Know


  • 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 ₹ 25,000.
  • For a non-HDFC Bank Salary Account holder: must have a minimum net monthly income of ₹ 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 - 10.75% to 21.00%

    Loan processing charges

    Up to 2.50% of the loan amount subject to a minimum of ₹2,999/- & maximum of ₹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


    Amortization schedule charges


    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

    ₹550/- per cheque bounce

    Legal/incidental charges

    At actual


What are the different types of Personal Loans?

Please refer to the ‘Introduction’ section of this page for more details.

How to apply for different types of Personal Loans?

You can apply for the different types of Personal Loans via multiple modes. To apply online, click here. Also, you can use the HDFC Bank NetBanking facility and mobile app, visit an ATM or head to the bank branch to apply for a Personal Loan.

What are the uses of types of Personal Loan?

The different types of unsecured loans or Personal Loans can be used for a wide variety of purposes. You can use the funds to plan a wedding, vacation, gadget purchase, home renovation or higher studies. Also, the money can be used to meet urgent medical costs.

* Terms & conditions apply. Personal Loan disbursal at sole discretion of HDFC Bank Ltd. Loan disbursal is subject to documentation and verification as per Banks requirement.

How To Get a Personal Loan in 5 Easy Steps

Exclusive Offer


HDFC Bank Loans For Every Need