FAQ: HDFC Personal Loans

It’s a short life, how about leading it to the fullest? HDFC Bank Personal Loan is your answer to living life king size. Whatever your emergency, HDFC Bank has you covered. Life throws at us odd balls of medical emergency, wedding expenses, payment and lot others. Let HDFC Bank Personal Loan reach out to your expenses and help you sail smoothly.

HDFC Bank is a leading personal loan provider in India. Personal Loans from HDFC bank comes with an array of features and offers that you cannot resist. Features like competitive rate of interest, flexible tenures, quick disbursals and pocket-friendly repayments ensure HDFC Bank Personal Loan will remain your favorite among others.

We bring to you a quick FAQ guide to help you get your personal loan from HDFC Bank.

What is the minimum salary requirement?

₹ 25,000 and above after deducting all the existing EMIs (if applicable)

What is the minimum work experience required?

Two years

Which professionals can apply for a personal loan with HDFC Bank?

Those working in public sector undertaking (Central, state and local bodies), those working in private sectors and doctors. A customer office working landline connection is a must.

Which professionals cannot apply for a personal loan with HDFC Bank?

Real Estate Brokers and Stock Brokers

What are the documents required to apply for a Personal Loan?

  • Identity proof (Copy of passport/voter ID card/driving license/Aadhaar)
  • Address proof (Copy of passport/voter ID card/driving license/Aadhaar)
  • Bank statement of 3 months (Passbook of previous 6 months)
  • Latest salary slip/current dated salary certificate with the latest Form 16

Are partial payments allowed?

No, partial payments are not allowed.

Is pre-closure allowed?

Pre-closure is allowed only after 12 EMIs

What are the pre-closure charges?

  • 4% of the outstanding principal amount for 13 to 24 months
  • 5% of the outstanding principal amount for 25 to 36 months
  • 2% of the outstanding principal amount for more than 36 months

What is the processing fee for personal loan?

The processing fee for personal loan with HDFC bank is 2.5% of the loan amount and is subject to a minimum of ₹ 2,999/- and a maximum of ₹ 25000/-

HDFC Bank understands your need to take a personal loan, which is why with minimum documentation and hassle-free experience, you can get the funds in as less as four hours. Get unmatched benefits to help you lead an unrestrained life!