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HDFC BankPersonal LoansFixed Interest Rate

HDFC Bank Personal Loan

Instant 10-second disbursement for pre-approved salary account customers · No collateral or security required · Borrow up to ₹40 Lakhs with tenure up to 5 years

Starting rate10.50%p.a. onwards
Max LTV100%Asset value
Max tenure5 years60 months
Customize this example for your borrowing needs.
Customize repaymentApply on HDFC BankBank site · opens in a new tab
Mathematical Grounding

True Cost & Day-1 Cash Breakdown

Representative scenario for ₹5,00,000 loan over 5 years at CIBIL 750+.

Day-1 Upfront Cash Outflow₹7,670

This cash must be paid out-of-pocket before disbursement and is not added to your loan EMI.

Processing Fee₹6,500
18% GST₹1,170
Legal & Valuation₹0
Estimated Monthly EMI₹10,747Per month for 60 installments
Total Lifetime Interest₹1,44,820Net interest outgo over 5 years
Total Lifetime Outgo (Principal + Interest + Day-1 Cash):₹6,52,490
CredSutra Intelligence

Decision Verdict & Mathematical Edge

Our algorithmic evaluation balances starting benchmark spreads against upfront processing loads and fine print restrictions.

Maths for it

  • +Reputable lending network of HDFC Bank with predictable servicing and flexible tenures.
  • +RBI-mandated 0% prepayment penalty: Accelerate principal amortization without exit penalties.

Maths against

  • −Processing fee of 1.5% (cap ₹6,500) + 18% GST adds to initial disbursement overhead.
  • −Self-employed applicants face a +75 BPS (0.75%) risk adjustment spread over base card rates.
  • −Steep CIBIL risk pricing ladder: Borrowers scoring below 700 may be charged up to 16.00%.
Customize this scenario
Credit Score Sensitivity

CIBIL Tier Rate Ladder

Self-employed risk loading: +75 BPS
CIBIL score bandBorrower tierIndicative salaried rateIndicative self-employed rateEst. monthly EMI (₹5,00,000)
750 – 900Prime borrower10.50% – 12.50%11.25% – 13.25%₹10,747
700 – 749Good standing12.50% – 14.50%13.25% – 15.25%₹11,249
650 – 699Standard / fair14.50% – 16.00%15.25% – 16.75%₹11,764
Contract Details

Contract Fine Print & Clauses

Rate Reset Frequency

Fixed rate contract for entire loan tenure

Overdraft / Smart Saver Facility

Not available on this product tier

RBI 0% Foreclosure Penalty Mandate

Under RBI Master Directions, no bank, HFC, or NBFC can charge prepayment penalties or foreclosure charges on floating rate term loans sanctioned to individual borrowers.

Bank notes: Foreclosure allowed after 12 EMIs with 4% fee on remaining balance; nil for floating if applicable.

Borrower Verification

Eligibility Highlights

  • Salaried employees of select corporates and government entities
  • Monthly net income ₹25,000+
  • Age 21-60 years
Loan amount range

₹50,000 up to ₹40,00,000

Lender Alternatives

Compare alternatives in Personal Loans

Compare this category
Axis Bank

Axis Bank Personal Loan

Starting at 10.49% p.a.
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ICICI Bank

ICICI Bank Personal Loan

Starting at 10.75% p.a.
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Tata Capital

Tata Capital Personal Loan

Starting at 10.99% p.a.
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Frequently Asked Questions

What is the current interest rate and benchmark spread for HDFC Bank Personal Loan?
HDFC Bank Personal Loan offers interest rates starting from 10.50% up to 16.00% p.a., structured as Fixed Interest Rate.
Are there prepayment or foreclosure charges on HDFC Bank Personal Loan?
Under RBI Master Directions, banks and lending institutions are strictly prohibited from charging prepayment or foreclosure penalties on floating-rate retail loans to individual borrowers. Foreclosure allowed after 12 EMIs with 4% fee on remaining balance; nil for floating if applicable.
What is the Day-1 upfront cash requirement for HDFC Bank Personal Loan?
For a representative principal of ₹5,00,000, the total Day-1 upfront cash outflow is approximately ₹7,670, comprising ₹6,500 processing fee + ₹1,170 GST (18%) + ₹0 estimated legal and valuation inspection charges.

These loan records do not include a verification date. Check the lender’s current terms before applying.

Official Sources & Citations
Sources
  • hdfcbank.com
  • RBI Master Directions on Advances & Floating Rate Loans (Commercial Banks)
  • RBI Regulatory Framework for Retail Loan Interest Rate Resets