HDFC Personal Loan Mumbai - Eligibility, Rates March 2024, EMI, IFSC

HDFC Bank Personal Loan in Mumbai

HDFC Bank Mumbai Main Branch with IFSC Code

  • Branch Name: Andheri East
  • Complete Address: Shop No 1 and 2, Ground Floor, Imperium, Opp.Police Quarters, Marol Maroshi Road, Andheri East, Mumbai, Maharashtra-400059
  • IFSC Code: HDFC0000086
  • MICR Details: 400240021
  • Customer Care Number: 022 2925 0262

Apply Personal Loan @ 10.75%* Rate

HDFC Bank Mumbai 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, contact details, and IFSC & MICR codes.

BranchAddressIFSCMICRContact details
Tulsiani Chambers101 - 104 Ground Floor, Tulsiani Chambers, Free Press Journal Marg, Nariman Point, Mumbai - 400021, MaharashtraHDFC000000400240003022-28561818
Khar West124, Viraj, S V Road, , Khar West, Mumbai - 400052, MaharashtraHDFC0000002 400240004022-28561818
Bhulabhai Desai Road4 - A, Tirupati Apts, Bhulabhai Desai Road, Mumbai - 400026, MaharashtraHDFC0000005 400240005022-28561818
Prabhadevi386 Veer Savarkar Marg, Opposite Siddhivinayak mandir, Prabhadevi, Mumbai - 400025, MaharashtraHDFC0000012 400240006022-28561818
Chembur170 - 171, Anchorage Building, Central Avenue Road, Chembur, Mumbai - 400071, MaharashtraHDFC0000013 400240008022-28561818,
Mulund WestShankar Dhan Plaza, Next to Mehul Cinema, Junction of M. M. Road & Nahur Road, Mulund (West), Mumbai - 400080, MaharashtraHDFC0000015 400240007022-28561818
VersovaThe Amaltas Co - Op Hsg Soc Ltd, Juhu Versova Link Road, Versova, Andheri West, Mumbai - 400053, MaharashtraHDFC0000019 400240009022-28561818
Vasai EastPlot No. 2, Pooja Towers, , Evershine City, , Vasai East, Vasai - 401208, MaharashtraHDFC0000038 400240011022-28561818
Malad West180 - A, Arbour, Marve Road, Orlem, Malad (West), Mumbai - 400064, MaharashtraHDFC0000047 400240012022-28561818
Virar WestShri Krishna Bhuvan, Opp Vithal Mandir, Agashi Road, , Virar West, Virar - 401303, MaharashtraHDFC0000051 400240014022-28561818
FortManekji Wadia Bldg. Gr. Floor, Nanik Motwani Marg, Fort, Mumbai - 400001, MaharashtraHDFC0000060 400240015022-28561818

HDFC Personal Loan Interest Rates in Mumbai

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

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 ₹5,00,000 for the tenure of 5 years and an interest rate of 12.5% p.a.

Table Showing EMI, Interest Outgo, and Total Repayment Amount

Loan AmountInterest RateTenureMonthly InstalmentTotal Interest AmountTotal Amount
₹ 5,00,00012.5%1₹ 44,541₹ 34,497₹ 5,34,497
₹ 5,00,00012.5%2₹ 23,654₹ 67,688₹ 5,67,688
₹ 5,00,00012.5%3₹ 16,727₹ 1,02,165₹ 6,02,165
₹ 5,00,00012.5%4₹ 13,290₹ 1,37,920₹ 6,37,920
₹ 5,00,00012.5%5₹ 11,249₹ 1,74,938₹ 6,74,938

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

YearPrincipalInterestBalance Amount
1₹ 76,788₹ 58,199₹ 4,23,211
2₹ 86,956₹ 48,031₹ 3,36,255
3₹ 98,470₹ 36,517₹ 2,37,784
4₹ 1,11,509₹ 23,478₹ 1,26,275
5₹ 1,26,391₹ 8712₹ 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

Please refer to Personal Loan Mumbai for more information.

  • Personal Loan Interest Rates March 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%