Loan Details

Interest Rate

10.50% onwards

Processing Fee




4% of the outstanding principal (Lock - in period for 12 months) 3% of the outstanding principal (loan tenure between 25 - 36 months) 2% of the outstanding principal (loan tenure if over 36 months) Foreclosure Charges - 4%


1 to 5 years

  • Eligibility Factors
  • Documents Required
  • Loan Verification Process
  • Rate of Interest
HDFC Bank Personal Loan Details

a. Age – For Salaried - 21-60 years

b. Credit score: 700 or above

c. Employment Type: Salaried and self-employed

d. Minimum net income (monthly): Minimum Rs. 15,000 (Non-Metro Cities)

Minimum Rs. 25,000 (Metro Cities)

e. Work experience: For salaried- 3 years of job stability

According to the applicant’s profile, various documents are needed for personal loan. These documents may vary for salaried and self-employed individuals. The common documents that you need to submit are:

l Duly-filled loan application

l Two passport-sized photographs

l Identity proof –Aadhar card, passport, PAN card, employee ID card or other valid proof

l Address proof – Aadhar card, electricity bill, telephone bill or other valid proof

l Income proof – Last two years’ ITR/Form-16, last three months’ salary slip, last 6 months’ bank statement

l Last one year’s employment continuity certificate from the employer

l A copy of the PAN card

l Any other document requested by the bank to determine the eligibility

Identity Proof

● Driving License

● Aadhar Card

● Valid Passport

● PAN Card

● Voter ID

Proof of Residential Address

● Utility Bill

● Approved Building Plan

● Valid Passport

● Voter ID

● Registered Rent Agreement

Birth Date Proof

● Driving License

● Valid Passport

● Voter ID

● Aadhar Card

Income documents (for salaried borrowers)

● Last 3 months Pay Slip.

● Form 16 of the past 2 years

● Bank statement of past 6 months showcasing EMI debit/ salary credit

The loan verification proceeds in the following stages:

1. Fill the HDFC personal loan application form and upload it on the official website or wherever required. Submit copies of all the relevant documents required for application verification. It can be quickly done by signing up on

2. One of our customer care representatives will get back to you within 24 hours and schedule visits for collecting document copies (in case you chose offline submission of documents).

3. The concerned officials at HDFC Bank verify the documents and the details there. They may visit the property if necessary.

4. Once your application for a personal loan is approved, the loan amount will be disbursed to your account, and you will get a copy of the duly signed loan agreement containing details of loan interest, tenure, loan amount, charges, and penalties.

HDFC Bank provides affordable and convenient personal
loans with EMIs as low as Rs. 2,137 per lakh for a 60-month term and a rate of interest as low as 10.50%.