Our personal loans are offered at competitive interest rates, ensuring that you save money and enjoy pocket-friendly EMIs.
Enclosed below are HDFC Bank Personal Loan Interest Rates & Charges
Charges to avail a Personal Loan
Government taxes and other levies as applicable will be charged over and above the Fee and Charges. Loan disbursal at the sole discretion of HDFC Bank Ltd.
Personal Loan
For Your Every Need!
| Fee |
Amount to be paid |
|---|---|
| Rack interest rate |
Salaried - 10.50% to 21.00% |
| Loan processing charges |
Up to 2.50% of the loan amount subject to a maximum of ₹ 25,000/- for salaried customers |
| Stamp Duty & Other Statutory Charges |
As per applicable laws of the state |
Charges Post Loan Disbursement
| Overdue EMI interest |
2% per month on EMI / principal overdue |
| Legal/Incidental Charges |
At actuals |
| Amortization Schedule Charges |
₹ 200/- |
| Cheque Swapping Charges |
₹ 500/- |
| Cheque Bounce Charges |
Effective from 1st July 2021 1st return at Rs.450 + taxes per instance 2nd in a month Rs.500 + taxes per instance & 3rd onwards Rs.550 + taxes per instance (10% discount for Senior Citizens) Effective till 30th June 2021 ₹ 550/- per cheque bounce |
Pre-payment charges
| Fee |
Amount to be paid |
|---|---|
| Pre-payment in Part or Full |
Salaried - No pre-payment in Part or Full permitted until repayment of 12 EMIs Part-payment allowed up to 25% of Principal Outstanding. It is allowed only once in the financial year and twice during the loan tenure. |
| Pre-payment charges |
Salaried- 13-24 months - 4% of principal outstanding, |
Rates Offered To Customer During The Period Of 1st July'21 - 30th Sept'21
| IRR |
Q Iv (2019-20) |
|---|---|
| Min IRR |
10.49% |
| Max IRR |
21.13% |
| Avg IRR |
11.91% |
Annual Percentage Rate Offered To Customer During The Period Of 1st July'21 - 30th Sept'21
| APR |
Q 2 (2021-22) |
|---|---|
| Min APR |
10.00% |
| Max APR |
20.45% |
| Avg APR |
11.17% |
*Government taxes and other levies as applicable will be charged over and above the Fee and Charges
Loan disbursal at the sole discretion of HDFC Bank Ltd.
If you have taken a loan of 1 lakh at an interest rate of 12% for 12 months, then the interest for the first month will be:
= 1,00,000 x (0.12/12) = Rs.1000
The minimum salary for Personal Loans is Rs. 25,000 net income per month.
The processing fee for HDFC Bank Personal Loan is up to 2.50% of the loan amount, subject to a maximum of Rs. 25,000 for salaried customers.