HDFC Bank Personal Loan

The short answer

• HDFC Bank personal loans run 9.99% to 24.00% a year, at a fixed rate.
• The 9.99% is the joint lowest advertised rate of the 8 lenders we track — but plan for the middle of that range.
• Processing fee is capped at ₹6,500 plus GST (₹7,670). Most rivals charge 2% to 5% of the loan.
• Up to ₹50 lakh, for up to 6 years. You need at least ₹25,000 net income a month.

Rate, maximum and fees

Checked at source 26 Aug 2026 · HDFC Bank’s own personal loan page, hdfcbank.com

HDFC Bank personal loan at a glance

From the bank’s own rate card. Checked at source 26 Aug 2026 · HDFC Bank’s own personal loan page, hdfcbank.com

What the 14.01-point range means in rupees

The same bank and the same ₹5 lakh loan over 5 years, at both ends of its published range. This is not a quote. It is simple maths on the two rates the bank publishes, of the kind the EMI calculator will do for any amount you like.

From the bank’s own rate card. Checked at source 26 Aug 2026 · HDFC Bank’s own personal loan page, hdfcbank.com

Fees and charges as published

The fee is a flat cap in rupees, not a percentage. That makes big loans much cheaper to take out here than elsewhere.

From the bank’s own rate card. Checked at source 26 Aug 2026 · HDFC Bank’s own personal loan page, hdfcbank.com

Why you can be charged to exit this loan

The RBI ban on prepayment charges only covers floating-rate loans. This is a fixed-rate loan, so it is not protected.

RBI rule — applies to every lender. 26 Aug 2026 · Reserve Bank of India — circular on foreclosure charges and pre-payment penalties on floating rate term loans. What that means in practice is set out under loan foreclosure and charges.

How it compares

HDFC Bank has the joint lowest advertised rate of the 8 providers we track for this product, level with Axis Bank, ICICI Bank and IDFC First Bank at 9.99%. The rest of the table is on personal loan interest rates, and the bank’s other products are on the HDFC Bank review.

What moves this rate

Private sector bank. Floating retail loans are priced off an external benchmark, so RBI rate cuts pass through within a reset cycle.

Personal loan rate ranges are much wider than home loan ranges. The reason is simple: nothing backs the loan. There is no property to recover, so the rate has to cover the whole risk. A bank advertising from around 10% can quote more than double that to someone with a thin credit history.

The tenure is much shorter than a home loan, usually five or six years. That keeps your total interest down but pushes the EMI up. Check the early-closure terms before you sign. Being able to prepay without a charge is worth more than a small difference in the rate.

Joint lowest advertised rate, wide range behind it

Of the 8 lenders we track, HDFC Bank shares the lowest advertised personal loan rate, 9.99% a year, with Axis Bank, ICICI Bank and IDFC First Bank. Bajaj Finserv and State Bank of India are next at 10.00%, and Kotak Mahindra Bank and Tata Capital are highest at 10.99%. On the headline number, HDFC Bank is level with the cheapest.

Now look at the other number. The same page shows a top rate of 24.00%. That is a range of 14.01 points.

On a ₹5 lakh loan over 5 years, the bottom of the range costs about ₹1.37 lakh in interest. The top costs about ₹3.63 lakh. That is ₹2.26 lakh apart, on a loan of five.

This is normal for an unsecured loan. Nothing backs it, so the rate has to cover the whole risk. The bank is pricing your credit history, not a property.

What it means for you: read 9.99% as a best case for the strongest applicants. Plan for the middle of the range until the bank has seen your file. Anything better is a bonus.

The fee is capped, and that is rare

Most lenders charge a personal loan processing fee as a percentage of the loan. ICICI Bank and Axis Bank charge up to 2%. Tata Capital charges up to 5%. Bajaj Finserv up to 4.13%. Kotak Mahindra Bank up to 5%.

HDFC Bank charges a flat cap instead: up to ₹6,500 plus GST, which is ₹7,670.

On a small loan that hardly matters. On a big one it matters a lot. A ₹20 lakh personal loan at a 3% fee costs ₹70,800 with GST. The same loan here costs ₹7,670. That is ₹63,130 more in your hand on day one, and it never shows up in a rate comparison.

One thing to know: the fee is taken out before the money reaches you. You get the loan amount minus the fee, but you pay interest on the full amount. With a capped fee that barely matters. With a 5% fee it does.

This is a fixed-rate loan, so closing it early may cost you

HDFC Bank prices this loan at a fixed rate. That matters more than it sounds.

The RBI rule that bans prepayment charges only covers floating-rate loans to individuals. That is why you can walk away from a floating-rate home loan for free.

A fixed-rate personal loan is not covered, so the bank is allowed to charge you to close it early. HDFC Bank publishes its own terms instead. Under its Golden Edge programme, after you pay at least 12 EMIs you can close the loan fully or partly against the outstanding principal. That is a programme benefit the bank sets, not a right you hold.

So if you think you might clear this loan early — from a bonus, a maturity, a property sale — check the exit terms as carefully as the rate. A lender half a point more expensive with a free exit can work out cheaper. Ask what closing early costs, and get the answer in writing.

What decides your rate

HDFC Bank says the rate depends on your credit score, repayment history, loan amount and tenure. The credit score does most of the work, and it is the only one you can improve before you apply — so it is worth knowing what actually moves a credit score and how long each lever takes.

The second factor is your existing relationship with the bank. An unsecured lender is pricing uncertainty. If your salary already comes into an HDFC Bank account and it can see your repayment history, you are a known risk. A new customer with the same score on paper is not. The bank advertises instant pre-approved loans in 10 seconds with no paperwork for existing KYC-verified customers — that is the same point, written as a feature.

The third is your employer. Most Indian lenders keep approved employer lists and price against them, and none of them publish these lists. It explains why two people with the same credit score get different offers. Ask about it directly rather than assuming your score decided everything.

HDFC Bank personal loan: common questions

What is the HDFC Bank personal loan interest rate?

9.99% to 24.00% a year, at a fixed rate. The 9.99% is the joint lowest advertised personal loan rate of the 8 lenders we track, but it goes to the strongest applicants only. Plan for the middle of the range: on a ₹5 lakh loan over 5 years, the two ends cost about ₹1.37 lakh and ₹3.63 lakh in interest.

What is the processing fee on an HDFC Bank personal loan?

Up to ₹6,500 plus GST, which is ₹7,670. It is a flat cap, not a percentage, which is unusual — most lenders charge 2% to 5% of the loan. That makes it much cheaper on big loans. The fee is taken out of the amount paid to you, so you receive slightly less than you borrow while paying interest on the full amount.

Can I close an HDFC Bank personal loan early for free?

Not as a right. The RBI ban on prepayment charges covers floating-rate loans, and this is a fixed-rate loan. HDFC Bank has its own Golden Edge terms instead: after 12 EMIs you can close the loan fully or partly against the outstanding principal. Confirm the charge in writing before you sign.

What salary do I need for an HDFC Bank personal loan?

The bank asks for at least ₹25,000 net per month. Meeting that makes you eligible to apply. It does not decide your rate, which depends on your credit score, repayment history, loan size and tenure — and in practice on whether the bank already holds your salary account.

How much personal loan can I get from HDFC Bank?

Up to ₹50 lakh, for up to 6 years. Existing KYC-verified and pre-approved customers can get the money with no paperwork. A new applicant goes through a normal income and identity check.