HDFC Personal Loan Interest Rates

Interest Rates 2017 1937 views

Interest Rate Comparison Tool

All that glitters is not gold; the same goes for loans! Have you done your research?

Compare Banks. Estimate EMIs. Enable Wishes on wishfin.com

HDFC Personal Loan Interest Rates 2017

ParticularsDetails
Interest Rate10.99% - 20.70%
Loan AmountUpto ₹15 Lakh
TenureUp to 5 Years
Processing FeesUp to 2.50% of the loan amount or Minimum of ₹ 1,000/- & Maximum of ₹ 25,000/- for Salaried Customers
Prepayment ChargesNil- 4% of principal outstanding + GST
Repayment ModeECS, AD or PDC
No Due Certificate/No Objection Certificate (NOC)NIL
Duplicate of No Dues Certificate/NOCNIL
Solvency CertificateNot applicable
Charges for late payment of EMI24% per annum on amount outstanding from date of default
floating rate Not applicable
Charges for changing from floating to fixed rate of interestNot applicable
Stamp duty & other statutory chargesAs per applicable laws of the state
Credit assessment charges Not applicable
Non standard repayment charges Not applicable
Cheque swapping charges₹500/-
Amortization Schedule charges₹200
Loan cancellation chargesNIL (However client would be charged interest for the interim period between date of loan disbursement and loan cancellation and processing fees would be retained.)
Cheque bounce charges₹550/- per cheque bounce
Legal/incidental chargesAt actual
CIBIL Report Copy Charges₹50 per copy

Personal Loan Rack Rates 

CO CAT/Product CATNTH BandSegmentIRRProcessing Fee (Corporate Saving Account)Processing Fee (Non Corporate Saving Account)
All Categories
except CAT D, CSA D, GC & NRI (includes ADFC)
NTH:>=75000Alpha14.75%2.25%2.50%
NTH:>=50000 to 75000Alpha14.90%2.25%2.50%
NTH:>=35000 to 50000Alpha15.00%2.25%2.50%
NTH:>=20000 to 35000Beta16.85%2.25%2.50%
NTH:<20000Beta16.85%2.25%2.50%
CAT D/CSA D/GC/EPLAllClassic20.70%2.25%2.50%
Defence
(CAT GD/GE/GF)*
AllAlpha14.75%0/-0/-
HDFC Bank Staff /HSL StaffAllAlpha11.75%0.25%
minimum-₹1,999
NA
NRI
(Based on Average remittance taken for Eligibility)
>=50000Alpha15.00%2.25%2.50%
<50000Classic20.70%2.25%2.50%

Note:

  • All rates as mentioned above are subject to changes in accordance to the Retail RBP
  • Top up/ Enhancement Parallel : above grid will be applicable.
  • Above deviations are not applicable for Cat D/CSA D/GC, i.e. rack rates as mentioned above will be applicable
  • For CAT C and CSA C, maximum of 1% deviation will be applicable at NSM level for customers with NTH >= 50K only. Others need to be at rack rates.
  • No Deviation allowed on rack rate for Cat D/CSA D/GC
  • For F4 cases, customer will be eligible for F4 rates or company category rack rates whichever is lower. However, deviations can apply only on company category rates and not on F4 rates.
  • Maximum PF can be charged upto 2.5% of the loan amount. Maximum PF capped to₹25000 plus applicable taxes
  • Rate approvals based on different approval levels cannot be accepted from two different authorities/different mails for the same case
  • Above deviation grid is not applicable for special offers like Platinum/KRC/SRC/Government/Defense and other corporate rate offers

Corporate Offers 

Corporate OfferNo. of CorporatesIncomeIRRProcessing Fee (of the loan amount)
Super Platinum 7>=35k

<35k
10.99%

11.49%
0.99%

1.25%
Platinum 66>=35k

<35k
10.99%

12.49%
0.99%

1.25%
KRC100Corporate Salary Account (CSA)

Non Corporate Salary Account
13.99%

14.75%
0.99%

1.25%
SRC84Corporate Salary Account (CSA)

Non Corporate Salary Account
15.00%

15.00%

1.50%

1.75%
Reliance Group29-12.99%0.75%

Focus Industry 

Focus Industry OfferNo. of CorporatesIncomeIRRProcessing Fee (of the loan amount)
Pharma39NTH>=35K13.99%
1.25%
Automobile & Aviation62NTH>=35K
13.99%

1.25%

Government

Government OfferNo. of CorporatesIncomeIRRProcessing Fee (of the loan amount)
Maharatna8NTH>=75K
10.99%

1.50%
Navratna13NTH>=50K
11.49%

1.50%
Miniratna34NTH>=30K

13.49%

1.50%
RailwaysAllNTH>=50K

NTH>=35K

NTH>=25K
14.25%

15.00%

16.50%

1.50%

1.50%

1.50%

Employees Working with Central and State Government

SegmentIncomeIRRProcessing Fee (of the loan amount)
Government Employees CAT A (GA) & CAT B (GB)NTH>=50K

NTH>=35k

NTH>=24k

14.75%

15.00%

16.75%

1.75%

2.00%

2.00%

Focus Cust Segment

SegmentNet Loan AmountIRRProcessing Fee (of the loan amount)
Golden EdgeLA:>=20 Lakh
NTH>38k
11.29%



0.50% (CSA), 0.75% (Non CSA)
Golden EdgeLA:>=10-19.99 Lakh11.49%

0.50% (CSA), 0.99% (Non CSA)

 

HDFC Personal Loan Balance Transfer Interest Rate

Get ready to enjoy lower EMIs and save more on your interest payments by transferring your existing personal loan to HDFC Bank. Yes, if your existing lender is giving you the personal loan at higher rates, going for HDFC BT is surely a smart move. If you opt for the BT with HDFC, you can get the interest rates as low as 11.29% to 11.70% per annum on your existing loan. There is one-time processing fee of ₹1,499 that you need to give away to the bank so as to process your balance transfer request further. Moreover, you can either visit the branch or simply apply online to transfer your outstanding loan balance to HDFC.

Program Loan Amount TransferredIncomeIRRProcessing Fee (of the loan amount)
All Balance Transfer (including application through loan assist App)>=0.50 Lakh (based on NTH Grids)
NTH>=35k

11.29%₹1,499
All Balance Transfer (including application through loan assist App)>=0.50 Lakh (based on NTH Grids)
NTH<35k

11.70%₹1,499

  • Balance Transfer rates will be applicable across all Banks & NBFC but not applicable on Credit Card Outstanding Take over.
  • Sales Promo code of EXTLOAN or BT-EXT to be captured
  • PL Balance Transfer Program not applicable for segments identified under Personal Loan Classic pricing category.
  • PL Balance transfer rates not applicable for CAT D ,NRI and GC customer segments

HDFC Personal Loan Customer Care

If you want to get in touch with the bank, all you need to do is just dial 1800 425 4332, 1800 22 4060 or 1800 22 1006 from your mobile or landline. The bank executives with their thorough understanding and helpful nature are always there for your help and guidance. You can also register your complaint or query or share your feedback 24×7 by simply dialing these numbers.

HDFC Personal Loan Status

Knowing your personal loan status is not a hassle anymore as all you need to do is simply visit the HDFC site. Click on Track My Application and submit few credentials such as name of the applicant, reference number and date of birth to complete the process. After successfully submitting the details, you can get to know the real-time status of your loan application.

Factors Affecting HDFC Personal Loan

There are some important factors on the basis of which a person can get a personal loan. These factors may vary from bank to bank depending upon the bank policy. The important factors on the basis of which HDFC personal loan are as follows:

  • Age: To get a personal loan from HDFC bank, an individual should be minimum 21 years age and the maximum age of 60 years.
  • Monthly Income: The minimum Net Monthly Income of the applicant to apply for a personal loan at HDFC bank is ₹15,000/-. However, in selected areas like Mumbai, Delhi, Bangalore, Chennai, Hyderabad, Pune, Calcutta, Ahmedabad, Cochin, the minimum Net Monthly Income is ₹20,000/-. With this minimum income criteria, the possibility of getting good rates and loan amount gets higher.
  • Monthly Expenses: The monthly expenses of the borrower decides the repayment capacity and hence is considered to be an essential factor when it comes to HDFC personal loan. If the loan seeker has less financial responsibilities, there are chances that he/she can get better rates and higher loan amount hassle-free.
  • Any Other Loan: When it comes to a personal loan, the borrower doesn’t have to give any kind of security to the bank. If there is no present loan, the payment of EMI is easier and smoother.
  • Credit History: Having a healthy credit score would be an add-on in getting a personal loan from HDFC Bank as the reliability on the borrower increases.
  • Job Stability: To have a personal loan from HDFC bank, a salaried must be having 2 years of total working experience with 1 year of working experience in the present organization.
  • Category of Employer: The interest rates offered to an individual is calculated on the basis of the income profile of the applicant and where he/she is working. If the person is working in a reputed organization, he/she is most likely to get a personal loan from HDFC at lower rates and higher loan amount.

You May Also Read