Apply for a HDFC Bank Personal Loan

Enter your Full Name as per PAN Card

Loan Amount

Email ID

Mobile Number

Applicant Type

Company Name

Net Monthly Income

Mode of Salary

Annual Income

Annual Turnover

Profession

Annual Professional Receipts

Residence Pin Code

50k+

Happy Customers

₹1000 Cr+

Happy Customers

35+

Banks and 7 NBFC

HDFC Bank Personal Loan
Interest rate	10.50% p.a. onwards
Loan Amount	Up to Rs 40 lakh
Tenure	03 Months to 6 years
Processing Fees	Up to Rs 4,999
Minimum Monthly Salary	Rs 25,000
Pre-approved instant personal loan	Offered to select customers of HDFC Bank with loan disbursal in 10 seconds

Identity Proof	Passport/ driving license/PAN card
Age Proof	PAN Card/ Passport/ Driving Licence/ School leaving certificate/ Voter's card/ Birth Certificate/ LIC policy (only for age Proof).
Address Proof	Passport/ Telephone bill/ Electricity bill/ Title deed of property/Rental agreement/ Driving license/ Election ID card
Income Proof	Latest salary slip/current dated salary Certificate with latest form 16
Job Continuity Proof	Form 16/relieving letter/appointment Letter (for last two months)
Banking History	Bank statements of latest 2 months/ 3 months bank passbook

HDFC Bank Personal Loan EMI

To calculate the Equated Monthly Instalment (EMI) for a ₹1 lakh personal loan at an interest rate of 10.50% for a specific tenure, you can use the following formula:

EMI = [P x R x (1+R)^N] / [(1+R)^N-1]

Where:

P = Principal loan amount (₹1,00,000)
R = Monthly interest rate (Annual rate divided by 12 months: 10.50% / 12 / 100)
N = Total number of monthly installments (tenure in months)

Let's calculate the EMI for a 5-year (60-month) tenure:

EMI = [1,00,000 x (0.00875) x (1+0.00875)^60] / [(1+0.00875)^60-1]

EMI ≈ ₹2,124.79 (approximately)

So, the approximate EMI for a ₹1 lakh personal loan at 10.50% interest for a 5-year (60-month) tenure with HDFC Bank would be around ₹2,124.79.

Example:

Personal loan of 5 lakhs at an interest rate of 10.5% for tenure of 5 years, the EMI will be 10,747. The total pay out here would be:

Principal Amount: 5,00,000
Interest Charges (@10.5%): 1,44,817
Loan Processing Fees (@2.5%): 12,500
Documentation charges: 500
Amortization Schedule charges: 200
Total Amount paid after 5 Years: 6,58,017
*Interest rate and processing fees varies as per your product depending on the lender's policy.