HDFC Personal Loan Interest Rate starts from 10.50% per annum which is the lowest in the market. And if you want to get the advantage of the HDFC Personal Loan, do check your eligibility first. Besides the interest rate, HDFC Bank also charges processing fees, penalty charges, stamp duty, and other statutory charges as applicable by the law. Read this page and know more about the HDFC Personal Loan Interest Rate and other fees or charges.

How to Get the Minimum HDFC Personal Loan Interest Rate?

For the lowest interest rate on your loan amount, you need to look out for the below-mentioned factors –

Loan Amount – If your loan amount is not high, there will be less risk attached to it, so you can negotiate for a lower interest rate. This could be possible if you’re borrowing a minimum amount of INR 50,000 or INR 1 Lakh. 

Income – A minimum INR 25,000 per month salary is required to borrow a personal loan from HDFC Bank. And if you’re barely meeting the eligibility criteria, it could be difficult for you to negotiate on the Personal Loan Interest Rate. Whereas, if you earn more than the required limit, the bank would consider providing relaxation on interest rates due to the high repayment capacity.

Age – A younger applicant will be more likely to get a lower interest rate on the loan amount. And this is because of his/her life expectancy and regular flow of income. Applicants near the retirement age such as 58 or 60 years may find income flow issues affecting their repayment. This is why lower rate negotiations are open for younger loan applicants aged 21 years and not more than 50 years. If you meet the income criteria, the bank would consider you for the low Personal Loan Interest Rate irrespective of the age difference. 

Credit Score – A three-digit credit score shows how well you pay the loan and credit card bills. A score of 750 is considered ideal for lowest Personal Loan Interest Rate negotiations. So, do check your credit score before applying for HDFC Personal Loan to know whether it can help you get lower rates or not. 

What Other Charges Does HDFC Bank Apply on a Personal Loan?

The bank charges the following from the customers –

Processing Fee – It is reduced from the loan amount when the loan request is approved. This is subject to a maximum of 2.50% of the loan amount for salaried applicants. So, if you borrow INR 5 Lakh from HDFC Bank, a processing fee of a maximum of INR 12,500 will be reduced from the loan amount. It means, only INR 5,87,500 will be disbursed to your account.

Note – This is a non-refundable amount, so in case you cancel HDFC Personal Loan, the processing fee won’t be returned.

Penalty Charge – When you miss HDFC Personal Loan EMI payment, a 2% penalty will be applicable on the due amount. If the non-payment continues, the penalty will increase as well. And this could result in huge debt. So, it is advised to opt for suitable repayment methods to avoid such situations.

Prepayment Fee – If you decide to prepay the HDFC Personal Loan, the bank will charge a prepayment fee. This prepayment facility, which means the payment of the entire loan before the scheduled close, is allowed to the borrower after continuous payment of 12 EMIs. Check out the applicable charge at different intervals –

  • 4% of the loan balance amount if you prepay during 13 months to 24 months
  • 3% of the loan balance amount if you prepay during 25 months to 36 months
  • 2% of the loan balance amount if you prepay after 34 months of EMI payment


Q: What is the interest rate for HDFC Personal Loans?

A: The interest rate for HDFC Personal Loans can vary depending on various factors such as the loan amount, repayment tenure, applicant’s creditworthiness, and prevailing market conditions. It is advisable to check with HDFC or visit their official website to get the most accurate and up-to-date information on interest rates.

Q: How can I find out the specific interest rate applicable to my personal loan?

A: To find out the specific interest rate applicable to your personal loan, you can contact HDFC directly through their customer service helpline or visit their nearest branch. They will assess your eligibility and provide you with the applicable interest rate based on your individual circumstances.

Q: Are HDFC Personal Loan interest rates fixed or floating?

A: HDFC Personal Loan interest rates can be both fixed and floating, depending on the type of loan you choose. Fixed interest rates remain constant throughout the loan tenure, providing you with predictable monthly payments. On the other hand, floating interest rates can fluctuate with market conditions, which means your monthly payments may vary over time.

Q: Can I negotiate the interest rate on my HDFC Personal Loan?

A: HDFC sets its interest rates based on various factors, including your credit profile and the prevailing market conditions. While there may be limited room for negotiation, it is worth discussing your requirements with the bank’s representatives to see if there are any special offers or concessions available to you.

Q: Are there any additional charges or fees associated with HDFC Personal Loans?

A: HDFC Personal Loans may involve certain charges and fees such as processing fees, prepayment charges, late payment fees, or documentation charges. It is essential to review the loan agreement and terms and conditions provided by HDFC to understand the complete cost structure associated with the loan.


HDFC Bank offers personal loans with competitive interest rates to meet various financial needs of individuals. The interest rates can be both fixed and floating, depending on the type of loan chosen and the applicant’s profile. It is advisable to contact HDFC directly or visit their official website to obtain the most accurate and up-to-date information on the interest rates applicable to personal loans.

When considering a personal loan, it is essential to carefully evaluate the terms and conditions, including any associated charges and fees. By understanding the complete cost structure, borrowers can make informed decisions about their loans and ensure they can comfortably manage their repayment obligations.

Remember to assess your financial situation, repayment capacity, and the purpose of the loan before applying for a personal loan. It is always recommended to compare different loan options available in the market and choose the one that best suits your requirements.

Disclaimer: The information provided here is for general informational purposes only and should not be considered as financial advice. Interest rates and loan terms are subject to change, and it is advisable to directly consult HDFC or visit their official website for the most accurate and updated information.

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