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Current personal loan interest rates start @10.25% Check Best Offers
Compare personal loan rates of different banks to get the best offer from HDFC Bank, Tata Capital, ICICI Bank, IDFC First Bank, Axis Bank
Get a personal loan based on your eligibility at the best rates using a personal loan eligibility calculator online.
HDFC Personal Loan
A personal loan of Rs 40 lakh to Rs 50 lakh from HDFC Bank may be taken out at a rate of 10.25 percent p.a. and higher, with periods of up to five years. Candidates who have been pre-approved may get a personal loan in as little as 10 seconds, with no paperwork required. If you have a personal loan with another bank or non-bank financial institution (NBFC), you may be able to save money by transferring your amount to HDFC Bank. Starting at 10.25 percent per year, HDFC Bank offers personal loans with annual interest rates ranging from there. The ultimate interest rate for a loan application will vary depending on the borrower’s credit score, monthly income, job profile, employer profile, and other criteria.
Comparison of Interest Rates of HDFC Bank vs other Banks/NBFCs
| Banks | Interest Rates (per annum) |
|---|---|
| HDFC Bank | 10.25% to 21.00% |
| SBI | 9.60% â 13.85% |
| 9.60% â 13.85% | 10.25% â 21% |
| PNB | 7.90% â 14.50% |
| ICICI Bank | 10.50% â 19% |
| Axis Bank | 10.25% p.a. onwards |
| Kotak Mahindra Bank | 10.25% onwards |
| IndusInd Bank | 11.00% onwards |
| IDFC First Bank | 10.49% â 23% |
| Bajaj Finserv | 13.00% onwards |
| Tata Capital | 10.99% onwards |
Different Kinds of HDFC Bank Personal Loan
Marriage Loan
Purpose: To cover the borrower’s travel expenditures, the loan was extended.
Loan Amount: Up to Rs 40 lakh
Tenure: Max 5 years
Processing Fee: If you are salaried, you may borrow a maximum of 2.50 percent of the loan amount, up to a maximum of Rs.25,000.
Travel Loan
Purpose: To cover the borrower’s travel expenditures, the loan was extended.
Loan Amount: Up to Rs 40 lakh
Tenure: Max 5 years
Processing Fee: If you are salaried, you may borrow a maximum of 2.50 percent of the loan amount, up to a maximum of Rs.25,000.
Emergency Loan
Purpose: Financial crises such as medical expenditures, education costs, wedding costs or any other unexpected financial crisis should be covered with an emergency fund.
Loan Amount: Rs 50,000 toRs 40 lakh
Tenure: Max 5 years
Processing Fee: If you are salaried, you may borrow a maximum of 2.50 percent of the loan amount, up to a maximum of Rs.25,000.
Debt Consolidation Loan
Purpose: in order to pay back some of your loans,
Loan Amount: Up to Rs 40 lakh
Tenure: Max 5 years
Processing Fee: If you are salaried, you may borrow a maximum of 2.50 percent of the loan amount, up to a maximum of Rs.25,000.
Personal Loan for Home Renovation
Purpose: If you need to modify your kitchen and other rooms in your home (such as replacing your furniture and electrical wiring), you may apply for a grant to help the expenses.
Loan Amount: Up to Rs 40 lakh
Tenure: Max 5 years
Processing Fee: If you are salaried, you may borrow a maximum of 2.50 percent of the loan amount, up to a maximum of Rs.25,000.
Personal Loan for Students
Purpose: In order for students to continue their education
Loan Amount: Up to Rs 40 lakh
Tenure: Max 5 years
Processing Fee: If you are salaried, you may borrow a maximum of 2.50 percent of the loan amount, up to a maximum of Rs.25,000.
Personal Loan for Teachers
Purpose: In order for instructors at private or public schools and institutions to cover any additional expenses that may arise
Loan Amount: Up to Rs 40 lakh
Tenure: Max 5 years
Processing Fee: If you are salaried, you may borrow a maximum of 2.50 percent of the loan amount, up to a maximum of Rs.25,000.
Personal Loan for Women
Purpose: Providing the financial needs of women, such as travel, school, weddings, or any other unanticipated fees, is one of our primary goals.
Loan Amount: FromRs 50,000 toRs 40 lakh
Tenure: Max 5 years
Processing Fee: If you are salaried, you may borrow a maximum of 2.50 percent of the loan amount, up to a maximum of Rs.25,000.
Personal Loan for Salaried
Purpose: In order to handle any financial emergencies that may arise for salaried candidates.
Loan Amount: FromRs 50,000 toRs 40 lakh
Tenure: Max 5 years
Processing Fee: If you are salaried, you may borrow a maximum of 2.50 percent of the loan amount, up to a maximum of Rs.25,000.
Personal Loan for Government Employees
Purpose: In order to meet the financial requirements of government workers in the event of a wedding, medical emergency, travel expenditures, and other events, a fund has been established.
Loan Amount: It is up to Rs 40 lakh
Tenure:It is up to 6 years
Processing Fee: For salaried clients, a maximum of 2.50 percent of the loan amount is available, subject to a minimum of Rs 1,999 and a maximum of Rs 25,000.
Balance Transfer
Purpose: Customers of NBFCs and other financial institutions that currently have personal loans with HDFC Bank may be able to take advantage of lower interest rates.
Processing Fee: It is starting from Rs 3,999 + GST
Why Choose the HDFC Personal Loan?
When you need money fast and don’t want to deal with the hassle of borrowing from family or friends, a Personal Loan may be the answer. A Personal Loan from a financial institution may be obtained quickly and easily whether you need money for medical charges or a wedding, overseas trip or study abroad fees, home remodeling or emergency cash. With a Personal Loan, repayments may be spread out over a long period of time, and there is little or no paperwork involved in the process.
Repayment of HDFC Personal Loan
There are two methods to make an online loan payment: via a website or a mobile application
Paying loan EMIs using HDFC Internet Banking is as simple as logging on to the bank’s official website, which is accessible in several languages. You must first enter your username and password before logging in. Your HDFC Bank account may be used to make loan EMI payments after a successful login, so long as you have enough money available in your HDFC Bank account.
Customer Account Access through a Mobile App from HDFC
HDFC offers its customers the option to access their accounts from their mobile devices. In order to download the HDFC mobile app on an Android or iOS device, customers need go to the appropriate store’s store. Select the payment tab and then personal loan from the drop-down menu after logging in. You may now pay your loan EMIs using a mobile app.
Alternatives to Making Loan Payments Online
There are a range of payment options available to customers who prefer to make an EMI payment. Consumers may pay their EMIs using any of the following options.
What makes RupiLoan right platform to apply for an Individual Loan?
Most trustworthy lenders
In order to present you with the best loan alternatives from various lenders in one place, Rupiloan has partnered with more than 30 banks, non-bank financial institutions, and fintech businesses.
Make comparisons
What’s the best option? Using a few mouse clicks, you can research and compare personal loan offers from India’s leading banks, non-banking financial institutions (NBFCs), all on one screen.
Personalised options available
With a high degree of acceptance assurance, we provide customised solutions RupiLoan ranks personal loan offers based on your credit score and other qualifying factors to determine which ones are most relevant to you. Your loan application will be accepted if you use this information to help you choose the best deal.
Can gain benefit from Pre-approved loans
These loans are those that have already been authorised. Once you’ve joined the Rupiloan community, you’ll get personalised pre-approval offers for personal loans based on your credit score and history. There is minimal to no verification required for these loans and the processing expenses are inexpensive.
Right advice
RupiLoan’s team of experts will assist you in every stage of the procedure, coordinate with lending banks/NBFCs, and help you get the best personal loan for your needs.
When it comes to applying for a personal loan, Rupiloan.com is a 100% digital-only company, which means that you can apply from the comfort of your own home with zero to little paperwork and an entirely digital experience.
End-to-end Assistance
After you complete your loan application, RupiLoan representatives will visit your home or place of business at a mutually agreed-upon time and day to pick up any physical papers that is needed. RupiLoan takes care of everything for you, so you don’t have to go to a lending institution in person to submit your documentation. Comprehensive Help from Start to Finish RupiLoan’s team is always by your side, working with the lenders to make sure you have an excellent experience from beginning to finish, from searching for a loan choice to getting the sanctioned money in your bank account.
