HDFC Bank Personal Loan Indore - Eligibility, Rates February 2024, EMI, IFSC

HDFC Bank Personal Loan in Indore

HDFC Personal Loan Interest Rates in Indore

The important details about a personal loan offered by HDFC bank in the city have been given below.

Interest rate10.75% - 14.50%
Loan amountUp to ₹ 15 Lakhs
TenureUp to five years
Processing feeUp to 2.50% of the sanctioned loan amount+GST
Pre-payment charge

No prepayment until completion of 12 EMIs

4% of the principal outstanding if between 13-24 months+GST

3% of the principal outstanding if between 25-36 months+GST

2% of the principal outstanding if more than 36 months+GST

Apply Personal Loan @ 10.75%* Rate

HDFC Bank Indore Main Branch with IFSC Code

  • Branch Name: Sukhliya
  • Complete Address: C 602 Pandit Dindayal Upadhyay Nag Sukhliya Main Road Indore Madhya Pradesh 452001
  • IFSC Code: HDFC0003660
  • MICR Details: 452240015
  • Customer Care Number: 9893603333

HDFC Bank Indore Branches with IFSC Codes and Customer Care Number

The complete list of HDFC Bank branches in the city has been given below with the address, customer care number, and IFSC & MICR codes.

BranchAddressIFSCMICRContact details
Indore Main BranchUG 1 & 2, Trade House, 14 / 3 South Tukoganj, Indore - 452001, Madhya PradeshHDFC00000364522400029893603333
Cloth MarketCloth Market, Jawahar Marg, Rajmohalla, Indore - 452004, Madhya PradeshHDFC00002814522400039893603333
Vijay Nagar91 A/A, Ankur Alley, Scheme 54, Vijay Nagar, Indore - 452010, Madhya PradeshHDFC00004044522400049893603333
Commerce House7 Race Course Road, , Commerce House, Near 56 Shops, Indore - 452001, Madhya PradeshHDFC00012404522400059893603333
AB RoadUg 1 Bcm City, Navlakha Square, A B Road, Indore - 452001, Madhya PradeshHDFC00014054522400069893603333
ShennaiSHOP No - 9, 10, 11, Shehnai 2, Kanadia Road, Indore - 452016, Madhya PradeshHDFC00017724522400089893603333
Annapurna Road6 A, sector- A, Bhawanipur Colony, Annapurna Road, Indore - 452009, Madhya PradeshHDFC00017714522400099893603333
Palsikar squareAditya Regency, Manik Bagh Road, Palsikar Square., Indore - 452007, Madhya PradeshHDFC00020004522400109893603333
RajgarhOpp. Govt. Hospital, Chandra Shekhar Azad Marg, Indore - Ahmedabad Road, Rajgarh, - Dhar - 454116, Madhya PradeshHDFC00021384542405019893603333
Rau1514 Sai Vihar Colony, Rau, Indore - 453331, Madhya PradeshHDFC00021404522405019893603333
Airport RoadHop No. 11, Sita Shree Apartment, Mota Bag, Airport Road Indore Madhya Pradesh 452005HDFC00024874522400119893603333
SukhliyaC 602 Pandit Dindayal Upadhyay Nag Sukhliya Main Road Indore Madhya Pradesh 452001HDFC00036604522400159893603333

Personal Loan EMI Calculator

A personal loan EMI calculator is the tool that helps you calculate Equated Monthly Installments. Here is an example showing the payments you will have to do if you take a personal loan from HDFC Bank worth ₹8,00,000 for the tenure of 5 years and an interest rate of 12% p.a.

Table Showing EMI, Interest Outgo, and Total Repayment Amount

Loan AmountInterest RateTenureMonthly InstalmentTotal Interest AmountTotal Amount
₹ 8,00,00012%1₹ 71,079₹ 52,948₹ 8,52,948
₹ 8,00,00012%2₹ 37,659₹ 1,03,811₹ 9,03,811
₹ 8,00,00012%3₹ 26,571₹ 1,56,572₹ 9,56,572
₹ 8,00,00012%4₹ 21,067₹ 2,11,219₹ 10,11,219
₹ 8,00,00012%5₹ 17,796₹ 2,67,733₹ 10,67,733

EMI, Total Interest Outgo, Total Repayment (Interest + Principal)

YearPrincipalInterestBalance Amount
1₹ 1,24,232₹ 89,315₹ 6,75,767
2₹ 1,39,987₹ 73,559₹ 5,35,779
3₹ 1,57,741₹ 55,805₹ 3,78,037
4₹ 1,77,747₹ 35,799₹ 2,00,290
5₹ 2,00,466₹ 13,256₹ 0

Eligibility criteria

The norms of eligibility for a personal loan offered by HDFC bank have been given below. An applicant has to ensure that he/she is able to meet the given criteria.

  • The applicant should be a salaried individual who falls into the category of Chartered Accountant, Doctor, an employee of public sector undertakings or private limited companies.
  • The applicant must be between the age group of 21 to 60 years.
  • A working experience of a minimum of two years is needed
  • Must be employed with the current company for at least one year.
  • A net monthly income of at least ₹15,000 is needed. In the case of applicants living in cities like Mumbai, Bengaluru, Delhi, Cochin, Pune, Kolkata, Hyderabad, Ahmedabad and Chennai, the net monthly income should be at least ₹20,000.

How to Apply

The process of applying for a personal loan is simple and quick. You need to fill the loan application form and submit it along with the documents checklist at your nearest bank branch or online.

Loan Application Form

In the application form for a personal loan, you must fill in the below-mentioned details:

  1. Personal details of the applicant/s
  2. Professional details of the applicant/s
  3. Loan details (amount and tenure)

Documents Checklist

The list of all the essential documents required to avail a personal loan from HDFC bank has been mentioned below. Do check them out.

  • Identity Proof- photocopies of Driving License/Voter ID Card/Passport
  • Address Proof- photocopies of Passport/Telephone Bill/Ration Card/Rental Agreement/Electricity Bill
  • Income Proof- Salary Certificate(current dated) with Form 16/Latest salary slip
  • Bank Statement of the past three months/ six months passbook statement

In case, you need more information, please refer to Personal Loan Indore.

  • Personal Loan Interest Rates February 2024
    HDFC Bank10.75% - 14.50%
    ICICI Bank10.75% - 19.00%
    IndusInd Bank10.25% - 26.00%
    Kotak Bank10.99%
    RBL14.00% - 23.00%
    SMFG India Credit12.00% - 24.00%
    Standard Chartered Bank11.49%
    Tata Capital10.50% - 24.00%