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Last updated on: July 22, 2025
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Read BioKnow the interest rate of HDFC Personal Loan. Compare interest rates from various banks. Calculate your EMI today and apply online!
HDFC bank, one of India’s premier banks has a well-established presence in the Financial Sector of India with their innovative banking solution as well their customer-centric approach. HDFC bank has become a trusted choice for many individuals and corporates requiring banking services. Among all their offerings, personal loan stand apart as the most premium product. A Personal loan is among the most popular product among all financial products these days as they come with flexible terms. Before applying for a personal loan, it is important to understand the interest rates associated with it. Interest rates occupy a significant space among total cost of the loan and would become part of your monthly commitments. This guide aims to provide a comprehensive overview of the personal loan interest charges associated with HDFC bank.
A personal loan is an individual credit facility offered by banks, which allows the borrower to use the money for any purpose. Unlike specific loans tied to a purpose (like home loans or auto loans), personal loans can be utilized for a wide range of needs, including:
| Bank | Interest Rate | Loan Amount | Processing Fee | Processing Time | Apply |
|---|---|---|---|---|---|
| DBS Bank | 10.99% – 30.00% | ₹25,000 to ₹15 Lakhs | 1%–3% + GST | 24–48 hrs | Apply |
| HDFC Bank | 10.90% – 24.00% | ₹50,000 to ₹40 Lakhs | Up to ₹6,500 + GST (~1–3%) | 24–48 hrs | Apply |
| Axis Bank | From ~11.25% | ₹50,000 to ₹15 Lakhs | 1.5%–2% + GST | 24–72 hrs | Apply |
| ICICI Bank | 10.80% – 16.65% | Up to ₹50 Lakhs | 0.5%–2% + GST | 24–48 hrs | Apply |
| Bank of Baroda | 10.49% – 18.75% | ₹30,000 to ₹20 Lakhs | Up to 2% + GST | 48–72 hrs | Apply |
| SBI | 10.30% – 15.30% | ₹10,000 to ₹35 Lakhs | Up to 1.5% + GST | 2–3 working days | Apply |
| IndusInd Bank | From 10.49% | ₹30,000 to ₹50 Lakhs | Up to 3.5% (2% online) + GST | 24–48 hrs | Apply |
| Yes Bank | 10.99% – 21% | ₹100,000 to ₹40 Lakhs | Up to 2.5% + GST | 24–48 hrs | Apply |
| Standard Chartered | 11.49% – 17% | ₹1 Lakh to ₹50 Lakhs | Up to 2.25% + GST | 48–72 hrs | Apply |
| IDFC FIRST Bank | 9.99% – ~10.75% | ₹1 Lakh to ₹50 Lakhs | Up to 3.5% + GST | 24–48 hrs | Apply |
| Kotak Mahindra Bank | From 10.99% | ₹50,000 to ₹40 Lakhs | 1%–2.5% + GST | 24–48 hrs | Apply |
| Punjab National Bank | 11.50% – 17.05% | Up to ₹20 Lakhs | Up to 1% + GST | 2–3 days | Apply |
| Bandhan Bank | 10.50% – 12.55% | ₹50,000 to ₹25 Lakhs | Up to 3% + GST | 48–72 hrs | Apply |
| NBFC | Interest Rate | Loan Amount | Processing Fee | Processing Time | Apply |
|---|---|---|---|---|---|
| Piramal Finance | From 12.99% | Up to ₹35 Lakhs | 2%–3% + GST | 24–72 hrs | Apply |
| Shriram Finance | From 14% | Up to ₹35 Lakhs | Up to 3% + GST | 2–3 days | Apply |
| Tata Capital | From 10.99% | Up to ₹35 Lakhs | Up to 2.5% + GST | 24–48 hrs | Apply |
| InCred | From 18% | Up to ₹10 Lakhs | 2%–4% + GST | Instant to 24 hrs | Apply |
| Finnable | From 16% | Up to ₹10 Lakhs | Up to 3% + GST | 24–48 hrs | Apply |
| Poonawalla Fincorp | From 9.99% | Up to ₹30 Lakhs | 1%–2% + GST | 24–72 hrs | Apply |
| Fullerton India | From 11.99% | Up to ₹25 Lakhs | Up to 3% + GST | 1–2 working days | Apply |
| Axis Finance | From 13% | Up to ₹25 Lakhs | Up to 2.5% + GST | 1–2 days | Apply |
| Mahindra Finance | From 10.99% | Up to ₹10 Lakhs | Up to 3% + GST | 2–3 days | Apply |
| Aditya Birla Finance | From 11.99% | Up to ₹50 Lakhs | Up to 2.5% + GST | 48–72 hrs | Apply |
| Bajaj Finance | From 11% | Up to ₹50 Lakhs | Up to 4% + GST | 24–72 hrs | Apply |
HDFC Bank offers several advantages for personal loans:
HDFC Bank stands out for several key features that make it an appealing choice for personal loans:
The interest rates for HDFC Bank personal loans range from 10.85% to 24%, depending on several factors. Understanding where you fit within this range is crucial for managing repayment costs effectively.
Several factors can affect the interest rates offered:
Understanding the factors that affect interest rates can help you secure a better deal:
To secure the best interest rate, consider these tips:
An EMI (Equated Monthly Installment) calculator helps manage loan repayments effectively.
Steps to Calculate EMI
Step****Details
1. Input Loan AmountEnter the total loan amount required.
2. Select Interest RateInput the applicable interest rate.
3. Choose TenureDecide on the loan repayment tenure in months.
You can use Fincover HDFC Personal Loan EMI Calculator to check your monthly prepayment amount.
For a personal loan of ₹5,00,000 with a 5-year tenure at a 12% interest rate, the EMI is calculated as:
| Details | Value |
|---|---|
| Loan Amount | ₹5,00,000 |
| Interest Rate | 12% p.a. |
| Tenure | 5 years (60 months) |
| Monthly EMI | ₹11,122 |
Understanding the additional costs involved can help manage your loan effectively.
Understanding the additional costs involved can help manage your loan effectively.
| Charge Type | Details |
|---|---|
| Processing Fee | Up to ₹6,500 + GST |
| Prepayment / Foreclosure Charges | - Up to 24 EMIs: 4% of outstanding principal - Post 24–36 EMIs: 3% - After 36 EMIs: 2% |
| Payment Return Charges | ₹450 per instance |
| Loan Cancellation | - Interest charged must be paid by borrower. - Processing fee, stamp duty, statutory charges & GST are non-refundable |
The application process for an HDFC personal loan is straightforward:
1. Is it possible to have my interest rate adjusted after the loan has been processed for disbursement?
Normally, the rate of interest is agreed at the time of drawdown or issuance of cash. But yes refinancing option is there if you upgrade your credit score on the loan.
2. Is there any low interest rate for women or working professionals effective in HDFC?
HDFC Bank has some incentives and rates for particular genders, and fields including women and working professionals. More information can be obtained from the bank at the time of writing this article.
Overall, HDFC Bank provides a reasonable and affordable solution for personal loans and therefore can be seen as a good option for applicants. The company is also well positioned in the financial services industry since it offers attractive interest rates, fast approval and documentation processes ecommerce.
Calculate your EMI today and apply now to avail the best rates at HDFC Bank!
Written by Prem Anand, a content writer with over 10+ years of experience in the Banking, Financial Services, and Insurance sectors.
Prem Anand is a seasoned content writer with over 10+ years of experience in the Banking, Financial Services, and Insurance sectors. He has a strong command of industry-specific language and compliance regulations. He specializes in writing insightful blog posts, detailed articles, and content that educates and engages the Indian audience.
The content is prepared by thoroughly researching multiple trustworthy sources such as official websites, financial portals, customer reviews, policy documents and IRDAI guidelines. The goal is to bring accurate and reader-friendly insights.
This content is created to help readers make informed decisions. It aims to simplify complex insurance and finance topics so that you can understand your options clearly and take the right steps with confidence. Every article is written keeping transparency, clarity, and trust in mind.
Based on Google's Helpful Content System, this article emphasizes user value, transparency, and accuracy. It incorporates principles of E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness).
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