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HDFC Bank Limited – Current Personal Loan Interest Rates



HDFC Bank Limited – Current Personal Loans Interest Rates

New Delhi (Delhi, India), September 12, 2017

HDFC Bank Limited Cuts Personal Loan Interest Rate to 15.75% Per Annum

The HDFC Bank Limited has decreased its personal loan interest rates by 0.10 percent, or 10 basis points with effect from Friday, June 30, 2017.

HDFC Bank Ltd has revised its minimum personal loan interest rate from 15.85 percent to 15.75 percent per annum for HDFC Bank personal loan applicants.

HDFC Bank Limited’s current interest rate cut will reduce the cost of funds for those people who want to avail HDFC Bank personal loans.

HDFC Bank Limited – Current Personal Loan Interest Rates for the New Loans

HDFC Bank Personal Loan Interest Rate for Salaried Applicants:
15.75% to 20.00% Per Annum

HDFC Bank Personal Loan Interest Rate for Self-Employed Applicants:
15.75% to 20.00% Per Annum

HDFC Bank Personal Loans Rate of Interest is Floating or Fixed:
Fixed Rate of Interest

HDFC Bank Personal Loan Processing Fee:
2.50% of the Personal Loan Amount (Minimum Rs. 1,000 Maximum Rs. 25,000 plus GST)

HDFC Bank Personal Loan Documentation Charges:
Rs. 250 plus GST

HDFC Bank Personal Loan Minimum Borrowing Amount:
Minimum Personal Loan Amount is Rs. 50,000



HDFC Bank Personal Loan Maximum Borrowing Amount:
Maximum Personal Loan Amount is Rs. 15,00,000

Minimum Tenure for the HDFC Bank Personal Loans:
Minimum Personal Loan Tenure is 12 Months

Maximum Tenure for the HDFC Bank Personal Loans:
Maximum Personal Loan Tenure is 60 Months

Minimum Net Income Requirement for Availing HDFC Bank Personal Loans:
Minimum Net Income Required is Rs. 12,000 Per Month

Minimum Age Limit for Getting the HDFC Bank Personal Loan Sanctioned:
Minimum Age 21 Years at the Time of Personal Loan Commencement

Maximum Age Limit for Getting the HDFC Bank Personal Loan Sanctioned:
Maximum Age 60 Years for Salaried Applicants and 65 Years for Self-Employed Applicants at the Time of Personal Loan Maturity

HDFC Bank Personal Loan Prepayment Penalty:
– No prepayment allowed within 12 months from the date of disbursement of the Personal Loan
– 4% of the Principal Outstanding plus GST within 13 to 24 months from the date of first EMI of Personal Loan
– 3% of the Principal Outstanding plus GST within 25 to 36 months from the date of first EMI of Personal Loan
– 2% of the Principal Outstanding plus GST after 36 months from the date of first EMI of the Personal Loan

HDFC Bank Personal Loan Pre Closure Charges:
– No foreclosure allowed within 12 months from the date of disbursement of the Personal Loan
– 4% of the Principal Outstanding plus GST within 13 to 24 months from the date of first EMI of Personal Loan
– 3% of the Principal Outstanding plus GST within 25 to 36 months from the date of first EMI of Personal Loan
– 2% of the Principal Outstanding plus GST after 36 months from the date of first EMI of the Personal Loan

Charges for HDFC Bank Personal Loan EMI Late Payment:
Minimum 2% Per Month of the HDFC Bank Personal Loan EMI Outstanding Amount plus GST

HDFC Bank Personal Loan EMI Cheque, SI, or ECS Bounce Charges:
Rs. 500 plus GST

Different Options for Making HDFC Bank Personal Loan EMI Payments:
The four options for making Loan EMI payments are Internet Banking, Standing Instruction (SI), Electronic Clearing Service (ECS), or Post-Dated Cheques (PDCs)

Security, Collateral, or Guarantor Requirement for the HDFC Bank Personal Loan:
No Security, Collateral, or Guarantor is Required

Documents Required for the HDFC Bank Personal Loan:
(1) HDFC Bank Filled up Personal Loan Application Form, (2) Two Passport Size Photos, (3) Income Tax PAN Card Cop, (4) Identity Proof – Passport, Driving License, PAN Card, Voter ID Card (Any One), (5) Residential Address Proof, and (6) Income Documents

HDFC Bank Limited – Deposits and Loans Interest Rates
Current Deposits and Loans Interest Rates of HDFC Bank Limited


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