The HDFC Bank Personal Loan offers one of the highest amounts you can borrow without collateral: up to ₹75 lakh. Rates start from 9.99% a year, tenure goes up to 84 months, and the process promises quick approval and disbursal with minimal paperwork. It is open to salaried borrowers aged 21 to 60.
Key features
| Loan amount | Up to ₹75 lakh |
|---|---|
| Interest rate | From 9.99% a year |
| Tenure | Up to 84 months |
| Process | Quick approval and disbursal, minimal paperwork |
| Collateral | Not required |
How much will the EMI be?
Here is what EMIs look like at an illustrative 9.99% a year, the starting rate. Your actual rate depends on your profile.
| Loan amount | Tenure | Monthly EMI | Total interest |
|---|---|---|---|
| ₹3,00,000 | 3 years | ₹9,679 | ₹48,435 |
| ₹5,00,000 | 5 years | ₹10,621 | ₹1,37,264 |
| ₹10,00,000 | 5 years | ₹21,242 | ₹2,74,527 |
| ₹25,00,000 | 7 years | ₹41,490 | ₹9,85,164 |
Large amounts over long tenures cost a lot in interest. On ₹25 lakh over 7 years, interest alone is more than ₹9 lakh at the starting rate, so borrow only what you need and prepay when you can.
Income requirements by customer type
| Applicant | Minimum income |
|---|---|
| Existing HDFC account holder | ₹30,000 a month |
| Non-HDFC account holder | ₹40,000 a month |
| Government employee | ₹50,000 a month |
If you already have a salary or savings account with HDFC Bank, you need a lower income to qualify, and the bank already has visibility of your account history. Non-HDFC customers can still apply with a slightly higher income.
What can you use it for?
With up to ₹75 lakh available, the loan can cover big-ticket needs such as a wedding, home renovation, higher education abroad or medical treatment, as well as consolidating several expensive debts into one EMI.
Improving your chances
- Check your credit score before applying; a score well above 700 typically gets better terms.
- Clear small outstanding dues and avoid new credit applications in the weeks before you apply.
- Keep your last 3 months of salary slips and bank statements ready to speed up verification.
Eligibility
| Age | 21 to 60 years |
|---|---|
| Employment | Salaried only |
| Credit score | 700+ |
| New to credit? | Not allowed |
Documents you will need
- Identity: PAN card
- Address: Aadhaar, passport, driving licence or voter ID
- Income: bank statements and pay slips for the last 3 months
How to apply
- Tap Apply on HDFC Bank site on this page. The application opens on MyEazyLoan’s website.
- Fill in your details in the same session with your Aadhaar-linked mobile number.
- A loan executive will call you back to help with documents and next steps.
- Complete verification and video KYC from your current address, accept the offer and receive the funds.
Before you sign
- Compare the offered rate with the starting rate; most borrowers get a rate based on their score, income and employer.
- Check the processing fee and any prepayment or foreclosure charges in the loan agreement.
- Keep total EMIs under about 40–50% of your take-home pay, including existing loans and card EMIs.
- Choose the shortest tenure you can comfortably afford to keep total interest down.
Who it suits
A good fit for salaried borrowers with a 700+ score who need a large amount at a competitive rate, especially existing HDFC Bank customers. Look elsewhere if you are self-employed or have no credit history.
