If you’re planning to apply for a personal loan from a reputed and trusted bank, the HDFC personal loan interest rate is one of the most competitive and transparent in India. Whether you’re a salaried professional or a government employee, HDFC Bank provides attractive offers on personal loans with quick processing and minimal paperwork.
This guide helps you understand everything — from the HDFC personal loan interest rates for salary account holders, to EMI calculation, eligibility, benefits for women and government employees, and the full online loan application process.
HDFC Personal Loan Interest Rate Overview
| Borrower Category | Interest Rate (p.a.) |
|---|---|
| Salaried Individuals | 10.50% – 21.00% |
| Govt Employees | 10.50% – 18.00% |
| Women Borrowers | 10.40% – 20.50% |
| Salary Account with HDFC | 10.25% – 19.00% |
| Self-employed | 11.00% – 21.00% |
| CIBIL Score Above 750 | Lowest rate offered |
| Processing Fee | Up to 2.5% + GST |
The HDFC personal loan interest rate varies based on income, credit score, employer profile, and existing relationship with the bank.
HDFC Personal Loan Interest Rates Compared to Other Banks
| Bank | Interest Rate (p.a.) | Max Loan Tenure | Processing Fee |
|---|---|---|---|
| HDFC Bank | 10.25% – 21.00% | Up to 60 months | Up to 2.5% + GST |
| ICICI Bank | 10.50% – 20.00% | Up to 60 months | Up to 2.5% + GST |
| SBI | 11.15% – 14.30% | Up to 72 months | 1.5% + GST |
| Axis Bank | 10.75% – 22.00% | Up to 60 months | Up to 2% + GST |
| Kotak Mahindra Bank | 10.99% – 24.00% | Up to 60 months | Up to 2.5% |
HDFC is among the top banks offering a wide range of personal loan options with competitive rates, especially for those who maintain a salary account with HDFC.
EMI Calculator
HDFC Personal Loan Eligibility Criteria
To qualify for HDFC bank personal loan interest rates benefits, you must meet the following:
For Salaried Applicants:
- Age: 21 to 60 years
- Minimum Net Monthly Income: ₹25,000
- Minimum 2 years of total work experience
- 1 year with current employer
- CIBIL Score: Preferably 750+
Documents Required
| Document Type | Examples |
|---|---|
| Identity Proof | PAN Card, Aadhaar Card, Passport |
| Address Proof | Utility Bills, Voter ID, Rent Agreement |
| Income Proof | Last 3 Salary Slips, Form 16, Bank Statements |
| Others | Passport-size Photo, Employee ID |
Use of HDFC Personal Loan Interest Rate Calculator
You can use the HDFC personal loan interest rates calculator to get a precise EMI plan based on your selected loan amount, interest rate, and tenure.
Example: EMI Calculation for ₹1 Lakh Loan
Let’s consider a borrower applying for a loan of ₹1,00,000 at a 12% interest rate for 3 years (36 months).
Formula Used:
EMI = [P × R × (1+R)^N] / [(1+R)^N – 1]
Where:
P = Loan amount = ₹1,00,000
R = Interest rate per month = 12% / 12 = 1% or 0.01
N = Loan tenure in months = 36
EMI ≈ ₹3,321
| Loan Amount | Tenure | Interest Rate | EMI | Total Interest | Total Payable |
|---|---|---|---|---|---|
| ₹1,00,000 | 3 yrs | 12% | ₹3,321 | ₹19,556 | ₹1,19,556 |
This shows how easily you can plan your finances using the calculator before applying.
Special Rates and Benefits
HDFC Personal Loan Interest Rates for Govt Employees:
Government employees may receive slightly lower interest rates due to their job stability and secure income profile.
HDFC Personal Loan Interest Rate for Women:
Women applicants often enjoy 0.05% to 0.10% lower rates than standard borrowers under special offers.
HDFC Personal Loan Interest Rate Hindi:
The bank also provides full loan documentation and calculators in Hindi for easier understanding by regional users.
HDFC Personal Loan Application – Step-by-Step Process
You can apply for a personal loan from HDFC in just a few simple steps:
Step 1: Pre-Check Eligibility
Use the eligibility checker tool on the HDFC website.
Step 2: Use EMI Calculator
Enter loan amount, tenure, and interest rate to get EMI estimation.
Step 3: Fill Out Application Form
Submit your basic details like name, PAN, mobile number, and employment info.
Step 4: Upload Documents
Digitally upload required documents including salary slips and ID proof.
Step 5: Instant Approval
If eligible, get approval within minutes.
Step 6: Loan Disbursement
After document verification, funds are disbursed to your bank account.
Things to Consider Before Applying
- Check CIBIL score (above 750 gives best rates)
- Prefer applying if you have a salary account in HDFC
- Use HDFC’s EMI calculator for financial clarity
- Opt for longer tenure only if needed (shorter tenure = lower interest)
- Compare with other banks but note HDFC’s strong service network and fast approvals
Conclusion
The HDFC personal loan interest rate is structured to meet various financial needs with maximum flexibility and minimum hassle. Whether you’re taking a small loan of ₹1 lakh or a higher amount, HDFC ensures competitive rates, especially if you maintain a salary account with the bank.
With tools like the HDFC personal loan interest rate calculator, easy online applications, and special benefits for women and government employees, HDFC makes personal finance accessible and efficient.
For a secure, quick, and budget-friendly loan experience, the HDFC bank personal loan interest rate is a reliable choice.