Planning to take an HDFC Bank Personal Loan? The bank offers up to ₹50 lakh*, while a loan of up to ₹75 lakh* may be available based on your loan requirement and eligibility. Interest rates range from 9.99% to 24% p.a., and processing charges are up to ₹6,500 + GST*. But the rate and loan amount you qualify for depend on your income, credit profile and repayment capacity. You’ll also need to meet the bank’s eligibility criteria and provide documents such as identity, address and income proof. Check the EMI and total repayment before borrowing.
HDFC Bank Personal Loan Interest Rate & Key Charges
The interest rate is one of the biggest factors affecting your Personal Loan EMI and total repayment, but the lowest advertised rate may not be the rate you receive. HDFC Bank currently lists a fixed interest rate of 9.99-24% p.a. Your final rate and approved amount can depend on your profile, income, credit history, loan amount and tenure.
| Details | Information |
|---|
| Interest rate | 9.99%-24% p.a. fixed rate for salaried customers* |
| Loan amount | Up to ₹50 lakh* ; however, based on the loan requirement, you can also avail up to ₹75 lakh*, as per eligibility. |
| Processing fee | Up to ₹6,500 + GST* |
| Stamp duty & statutory charges | As applicable under state laws |
| APR (Annual Percentage Rate) offered (Apr-Jun 2026) | 9.99%-33.94%*; average 11.18% |
| IRR (Internal Rate of Return) offered (Apr-Jun 2026) | 9.97%-24.06%*; average 10.89% |
| GST on processing fee | Applicable GST is charged in addition |
| Interest calculation | Fixed rate; EMI depends on the loan amount, rate and tenure |
| Prepayment/foreclosure | Charges apply depending on how many EMIs have been repaid* |
| Part-payment | Allowed after the first EMI, subject to HDFC Bank's applicable limits and charges* |
| Taxes | Applicable GST, government taxes and other levies are additional wherever applicable |
| Cancellation refund | Processing fee, stamp duty, statutory charges and GST are non-refundable, as applicable* |
| Missed EMI | Interest is charged on the unpaid EMI for the delay period at the contracted loan rate |
Disclaimer: The HDFC Bank personal loan rates mentioned here are based on the bank’s published rates for April-June 2026 and are for reference only. Your actual rate, EMI, loan amount and changes may vary based on your eligibility and applicable terms. Check the latest rates with HDFC Bank before applying.
Will Every Borrower Get the 9.99% Interest Rate?
The answer is no, because the 9.99% rate is the starting rate*, not a guaranteed rate for every borrower. HDFC Bank considers factors such as your credit profile, income, loan amount and other eligibility criteria when determining the rate offered to you. This means two borrowers taking the same loan amount for the same tenure may receive different interest rates. Use 9.99% for comparison only and calculate your EMI using the rate actually offered to you.
How HDFC Personal Loan Interest Rates Can Change Your EMI
The interest rate you receive can make a noticeable difference to your monthly EMI and total repayment. For example, on a ₹5 lakh personal loan for 5 years, a higher interest rate means paying more each month and more interest over the loan tenure. The table below shows how your repayment could change at different interest rates*.
| Loan Amount | Interest Rate | Tenure | Estimated EMI | Total Interest | Total Repayment |
|---|
| ₹5 lakh | 10% p.a. | 5 years | ₹10,624 | ₹1,37,411 | ₹6,37,411 |
| ₹5 lakh | 12% p.a. | 5 years | ₹11,122 | ₹1,67,333 | ₹6,67,333 |
| ₹5 lakh | 16% p.a. | 5 years | ₹12,159 | ₹2,29,542 | ₹7,29,542 |
| ₹5 lakh | 20% p.a. | 5 years | ₹13,247 | ₹2,94,817 | ₹7,94,817 |
| ₹5 lakh | 24% p.a | 5 years | ₹14,384 | ₹3,63,039 | ₹8,63,039 |
How Is Personal Loan EMI Calculated?
You can calculate your monthly EMI using this formula:
EMI = P × r × (1 + r)ⁿ ÷ [(1 + r)ⁿ − 1]
Where:
- P = Principal loan amount
- r = Monthly interest rate (annual interest rate ÷ 12 ÷ 100)
- n = Total number of monthly instalments
Example: Suppose you borrow ₹5 lakh at 10% p.a. for 5 years:
- P = ₹5,00,000
- r = 10 ÷ 12 ÷ 100 = 0.008333
- n = 5 × 12 = 60 months
Using the formula, the estimated EMI is ₹10,624 per month. Over 60 months, you would repay approximately ₹6,37,411, including about ₹1,37,411 in interest.
What Affects Your HDFC Loan Rate?
HDFC Bank considers factors such as your CIBIL score, repayment history, loan amount, tenure and overall creditworthiness when determining the rate offered to you. So, the advertised 9.99% starting rate may not be the rate you receive. Before accepting, check the below offer:
- Rate offered and EMI: Confirm the actual rate and monthly repayment.
- Total repayment: Look at the total interest payable over the full tenure.
- Charges: Check processing fees, GST, stamp duty and other applicable costs.
- Loan terms: Review prepayment/foreclosure conditions and the Key Facts Statement (KFS) before accepting.
HDFC Personal Loan Eligibility: Who Can Apply?
HDFC Bank’s Personal Loan eligibility depends on basic criteria such as age, income, employment status, work experience and existing financial commitments. Meeting these conditions does not guarantee approval, as the bank also assesses your overall profile before deciding the loan amount and terms.
- Age: You should generally be between 21 and 60 years* when applying for a loan.
- Income: Salaried applicants should meet HDFC Bank’s minimum income requirement*.
- Employment: You should be employed with an eligible organisation as specified by HDFC Bank.
- Work experience: HDFC Bank requires applicants to meet its specified total and current-employer work-experience criteria.
- Credit profile: Your credit history and repayment record may affect your eligibility and the terms offered.
- Existing obligations: Existing EMIs and other financial commitments are considered when assessing your application.
- Loan amount: The amount approved depends on your eligibility and HDFC Bank’s assessment of your profile.
- Loan tenure: Personal Loan repayment tenures can generally range from 3 months to 72 months*, subject to the applicable product and eligibility conditions.
Does Your HDFC Bank Relationship Affect Loan Eligibility?
Your relationship with HDFC Bank can affect the minimum income requirement you need to meet for a Personal Loan. For example, two people earning the same amount may have different eligibility criteria based on whether they are existing HDFC Bank customers.
- HDFC Bank customer: Earns ₹30,000 per month and meets the published ₹25,000 minimum-income criterion*.
- Non-HDFC Bank customer: Earns ₹30,000 per month but does not meet the published ₹50,000 minimum-income criterion*.
Meeting the income requirement does not guarantee approval, as HDFC Bank assesses each application separately.
HDFC Personal Loan Documents: What Do You Need?
The required documents depend on your personal status and loan application. KYC-compliant, pre-approved customers may not need to submit any documents, while employed professionals may need income proof such as their latest 3 salary slips.
- Pre-approved/KYC-compliant HDFC customers: No documentation is required for the pre-approved Personal Loan.
- Employed professionals: Latest 3 salary slips* may be required as income proof, along with employer information.
- Higher loan amount: A separate application may be required, with documentation requirements depending on the applicant and loan offer.
- Digital application: HDFC Bank states that the Personal Loan process can be completed digitally for eligible customers.
What Happens If You Pay Your EMI Late?
Missing your HDFC Personal Loan EMI due date can lead to additional interest on the unpaid EMI. The longer the payment remains overdue, the more you may have to pay, so keeping the repayment account funded before the due date can help avoid extra costs.
For example: If your EMI is due on the 10th but you pay it on the 25th, the payment is 15 days late. HDFC Bank states that interest for those 15 days is charged on the unpaid EMI and added to the next EMI.
What Does RBI Advise You to Check Before Taking A Loan?
RBI guidelines help borrowers understand the actual cost and terms of the loan before accepting it. When comparing the HDFC personal loan interest rates, check more than just the advertised rate.
Key Facts Statement (KFS): Check the loan amount, interest, fees and repayment details before signing.
Annual Percentage Rate(APR): Look at the annual cost of the loan, including applicable charges.
Interest rate: Confirm the rate actually offered to you and whether it is fixed or floating.
EMI and tenure: Check whether the monthly EMI fits your budget and how long you will repay.
Fees and charges: Review processing fees, taxes, foreclosure and other applicable charges.
Total repayment: Check how much you will pay in total, including interest and applicable charges.
How to Apply & Decide Whether the Loan is Affordable?
Getting approved does not automatically mean the loan fits your budget. After applying, review the offer carefully and check whether the EMI and total repayment work with your monthly income and existing commitments.
- Apply and verify: Submit your personal and income details and complete KYC where required.
- Review the offer: Check the approved amount, interest rate, EMI and tenure before accepting.
- Check your EMI: Use the interest rate actually offered to you by HDFC Bank along with your chosen loan amount and tenure to estimate your EMI.
- Consider extra costs: Include the processing fee, GST, stamp duty and other applicable charges.
- Check total repayment: A longer tenure may reduce your EMI but can increase the total interest you pay.
- Make the final decision: Choose a loan amount and tenure that you can comfortably repay each month.
HDFC Bank states that eligible pre-approved customers can receive funds in as little as 10 seconds, while other applicants may receive them within four working days, subject to verification.
HDFC Bank Personal Loan Customer Care & Contact Details
| Contact Options | Information |
|---|
| Customer Care | 1800 1600 / 1800 2600 |
| To Register a complaint | 1800 258 3838 |
| Email for loan related queries | loansupport@hdfc.bank.in |
How Can NoBroker InstaCash Help With a Personal Loan?
If you need a personal loan but want a fully digital process, NoBroker InstaCash can be an option to consider. It may also help borrowers who do not have a salary account with a particular bank or want to check a loan offer without visiting a branch. However, the interest rate can be higher than the bank loan discussed in this article, so compare the total borrowing cost before choosing.
Disclaimer: InstaCash connects eligible borrowers with NoBroker’s lending partners. NoBroker is not the lender, and the final loan terms and approval are determined by the respective lending partner. Read our privacy policy →
Key Features
- Loan amount: ₹5,000-₹10 lakh*
- Tenure: 3 months to 5 years*
- Application: Fully digital, with no branch visit
- Disbursal: After approval and verification, subject to applicable terms
Eligibility
- Salaried or self-employed
- Have a CIBIL score above 700 or an Experian score above 750
- Should be between 21 and 65 years of age
Rates and Fees
| Particular | InstaCash |
|---|
| Interest rate (APR) | 12.99%-29.99% p.a.* |
| Processing fee | 2%-4% of loan amount + GST* |
Getting Started With InstaCash
- Open the InstaCash app or NoBroker's InstaCash page.
- Enter your KYC and employment information.
- Check the loan amount and terms offered to you.
- Complete the required digital e-signing.
- The loan amount is disbursed after approval and verification, subject to the applicable terms.
Frequently Asked Questions
Q. What is the current HDFC Personal Loan interest rate? Ans: HDFC Bank currently lists Personal Loan interest rates of 9.99% to 24% p.a. at a fixed rate. The rate you receive can vary based on your profile and loan offer.
Q. How much Personal Loan can I get from HDFC Bank? Ans: HDFC Bank currently advertises Personal Loans of up to ₹50 lakh, subject to your eligibility, income, credit profile and other applicable conditions.
Q. What is the HDFC Personal Loan processing fee? Ans: HDFC Bank lists the processing fee at up to ₹6,500 plus GST. Stamp duty and other applicable statutory charges may be charged separately.
Q. What is the HDFC Bank Personal Loan interest rate for a salary account? Ans: Salaried customers are offered rates from 9.99%-24% p.a., depending on their profile and eligibility.
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With a passion for both property and prose, Nivriti crafts compelling content that informs and empowers real estate audiences. She translates complex market trends and investment strategies into clear, engaging articles, blogs, and website copy. Her background in real estate fuels insightful content that resonates with buyers, sellers, and industry professionals alike. When she isn't diving into the latest market data, you might find her exploring hidden gems in the local housing market or curled up with a good book.
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