HDFC Bank personal Loan

Due to the uncertainty of moment and no reliance on the wheels of fortune, many times we are confronted with situations where we require a substantial amount of money. We cannot ignore them, neither do we want to, but sometimes we just lack the adequate monetary resources required to handle a situation properly during the course of our lives.. This is where personal loans come in.

  • A special offer is there If you are an HDFC Bank salary account holder.
  • If you are an existing Auto Loan customer with a clear repayment of 12 months or more from any of HDFC approved financiers or Bank, you can get a personal loan (without income documentation).
  • If you are an existing HDFC Bank Personal Loan customer with a clear repayment of 12 months or more, HDFC can Top-Up your personal loan.

Features & Benefits

  • Borrow up to Rs 15,00,000 for any purpose depending on your requirements.
  • Flexible Repayment options, ranging from 12 to 60 months.
  • Repay with easy EMIs.
  • One of the lowest interest rates.
  • Hassle free loans – No guarantor/security/collateral required.
  • Speedy loan approval.
  • Convenience of service at your doorstep.


Credit Shield

In case of death or total permanent disability of the loaner, the loaner/nominee can avail of the Payment Protection Insurance (Credit Shield) which insures the principle outstandings on the loan upto a maximum of the loan amount. Principle outstanding is defined as the amount of loan outstanding (not including any arrears in payment or interest thereon) at the Date of Loss, having accounted for payments made and interest accruing as determined in the Policy. Hence, the amount covered does not include any principal added because of non – payment of EMI and also will not include interest/ accrued charges.

A dream vacation?
Son’s admission to a medical college?
Daughter’s wedding?

Whatever the occasion, our range of Personal Loans can help. The procedure is simple, documentation is minimal and approval is quick.

Eligibility & Documentation

Salaried Individuals: Salaried Individuals include Salaried Doctors, CAs, employees of select Public and Private limited companies, Government Sector employees including public sector undertakings and central, state and local bodies:

Eligibility Criteria:

  • Minimum age of Applicant: 21 years
  • Maximum age of Applicant at loan maturity: 60 years
  • Minimum employment: Minimum 2 years in employment and minimum 1 year in the current organization
  • Minimum Net Monthly Income: Rs. 8,000 p.m (Rs. 10,000 in select cities)

Documents required:

  • Proof of Identity (Passport Copy/ Voters ID card/ Driving Licence)
  • Address Proof (Ration card Tel/Elect. Bill/ Rental agr. / Passport copy/Trade licence /Est./Sales Tax certificate)
  • Bank Statements (latest 3 months bank statement / 6 months bank passbook)
  • Latest salary slip or current dated salary certificate with latest Form 16 .

Self employed (Professionals): Self employed (Professionals) include self – employed Doctors, Chartered Accountants, Engineers, MBA Consultants, Architects, and Company Secretaries.

Eligibility Criteria

  • • Minimum age of Applicant: 25 years
  • • Maximum age of Applicant at loan maturity: 65 years
  • • Years in business: 4 to 7 years depending on profession
  • • Minimum Annual Income:Rs. 100000 p.a.

Documents required:

  • Proof of Identity (Passport Copy/ Voters ID card/ Driving Licence).
  • Address Proof (Ration card Tel/elect. Bill/ Rental agr. / Passport copy/Trade licence /Est./Sales Tax certificate).
  • Bank Statements (latest 6 months bank statement /passbook)
  • Latest ITR along with computation of income, B/S & P&L a/c for the last 2 yrs. certified by a CA

Qualification proof of the highest professional degree.

Self Employed (Pvt Cos and Partnership Firms): Self Employed (Pvt Cos and Partnership Firms) include Private Companies and Partnership firms in the Business of Manufacturing, Trading or Services

Eligibility Criteria

  • Years in business: Minimum of 3 years in current business and 5 years total business experience
  • Business must be profit making for the last 2 years
  • Minimum Annual Income: Rs 100000 p.a.
  • Available in select cities

Documents required:

  • Address Proof (Ration card Tel/elect. Bill/ Rental agr. / Passport copy/Trade licence /Est./Sales Tax certificate)
  • Bank Statements(latest 6 months bank statement /passbook)
  • Latest ITR along with computation of income, B/S & P&L a/c for the last 2 yrs. certified by a CA
  • Proof of continuation (Trade licence /Establishment /Sales Tax certificate)

Other Mandatory Documents (Sole Prop. Decl. Or Cert. Copy of Partnership Deed, Certified true copy of Memorandum & Articles of Association (certified by Director) & Board resolution.



Apply for personal Loans

Starting from the smallest of families to the biggest of companies and corporate sectors, all require money to make their dream fulfilled, to make a plan work in its own way, or simply to resolve a problem through money. In the present day world, money speaks. A personal loan is loan taken for a purely non- business purpose.

Personal loans are multipurpose loans providing you all the freedom to use funds in any manner you want. The lender is not concerned with the purpose of the loan. If you are in financial mess and need some funds without any restriction over their use then personal loans are the best option.

Personal loans are a cost effective external financial source that can be easily trusted. With these loans you can shape your dreams or fulfill your requirements without any restriction. With the personal loans you can easily meet all your personal needs and other financial requirements. Your requirement might be big budget or small budget but you can easily fulfill them now! Just by entailing personal loans you can resolve your financial problems conveniently.

There are various kinds of loans: (a) home loans, (b) personal loans, (c) auto or car loans, (d) educational loans and many others.

Bank loans have become very common phenomena in the contemporary period in which the world is running on financial capital. There are many financial websites that provide you assistance in arranging personal loans.

Personal loans can be broadly classified into secured and unsecured loans. The basic difference between these two types of loans is the requirement of collateral. Secured personal loans require collateral whereas unsecured personal loans do not.

In case of secured personal loans, lenders offer a large amount of money. The loan amount depends largely upon the value of the property plus the equity. But borrowers get large sum as compared to unsecured loans. Borrowers also face the risk of repossession of their property in case of defaults in repayment.

In case of unsecured personal loans, though lenders do not require collateral but they offer loans at comparatively high rate of interest. Unsecured loans do not have any risk of repossession.

Unsecured personal loans come at high rate of interest as compared to secured personal loans. Repayment periods are also shorter.