Who can apply for the HDFC Bank Personal Loan?
According to the bank’s published eligibility, salaried applicants must be between 21 and 60 years old, have at least two years of total work experience with one year at the current employer, and earn a net monthly income of ₹25,000 or more. Employees of private companies, public-sector undertakings and government bodies are covered. Being an HDFC Bank customer is not mandatory, but existing customers get pre-approved offers and faster disbursal.
Meeting the criteria does not guarantee approval: the bank checks your credit report, existing EMIs and income ratio and sets the amount and rate accordingly. A CIBIL score around 750 or higher and a clean repayment record help most.
Required documents
✔️ PAN card and Aadhaar (identity and address); passport, voter ID or driving licence as alternatives
✔️ Last three months’ salary slips and bank statements for the last three to six months showing salary credits
✔️ Form 16 or the latest ITR when requested by the bank
✔️ A recent photograph; e-KYC and e-signature in the online flow
What are the fees and charges?
The interest rate is fixed for the tenure; the bank’s published range is about 10.75% to 24% a year and your rate is set after evaluation. The processing fee is up to ₹6,500 + GST, deducted from the disbursed amount. Part-prepayment is allowed after 12 EMIs (limited to a share of the principal per year), and foreclosure carries a charge that decreases with the age of the loan, as per the bank’s schedule. A bounced EMI attracts a fee and penal interest on the overdue amount. Check the Fees and Charges page on the bank’s website for the current figures.
A word of advice for you!
Add up all your EMIs before applying. Banks generally want total EMIs to stay below about half of your take-home pay; above that, the application is declined or the amount reduced.
Do not apply to several banks in the same month. Every application triggers a credit enquiry and repeated enquiries lower your score. Use the bank’s online EMI calculator first, then apply in one place.
Once the money arrives, set the EMI date a few days after payday and keep one extra EMI in the account as a buffer. A bounced EMI hurts your score far more than the fee it costs.
How to apply for the HDFC Bank Personal Loan?
Open the personal loan page on the bank’s website and choose Apply Online. Verify your mobile number and PAN, enter the amount and tenure, upload the documents and complete e-KYC. Existing customers can check pre-approved offers under Loans in net banking or the app and get the funds within seconds. Once approved, the amount is credited to your bank account.
Documents ready? Use the button below to go to HDFC Bank’s official website.
Kredua is neither a bank nor a financial institution, and it does not lend money or issue cards. We analyse products offered in India so that you can decide with more information; every application is made directly with the institution, which alone evaluates and approves it.
