HDFC Bank Logo
4.5 /5(500 Votes)

HDFC Bank Personal Loan Interest Rates

HDFC Bank Personal Loan Interest Rates are lower than other financial institutions. Personal Loan interest rates in HDFC Bank come with two types of interest rate floater or fixed you can choose any of them but it is advisable to go for fixed interest rate. The minimum HDFC Bank Personal Loan interest rate is 15.50%*. If you are someone who has higher HDFC Bank Personal Loan Eligibility you will get lower HDFC Bank Personal Loan Interest Rates.

HDFC Bank Personal Loan Interest Rates Calculator

Your HDFC Bank Personal Loan Interest Rates is calculated through your eligibility criteria. If you have higher eligibility criteria your HDFC Bank Personal Loan Interest Rates will be lower. And if you have lower HDFC Bank Personal Loan Eligibility Criteria your HDFC Bank Personal Loan Interest Rates will be higher.

Reducing HDFC Bank Personal Loan Interest Rates is not that hard, you just have to follow some rules; if you have higher credit score your HDFC Bank Personal Loan Interest Rates will be lower. So here are some factors which will affect your HDFC Bank Personal Loan Interest Rates.

  • CIBIL Score

    CIBIL Score or Credit Score is the most important thing on your HDFC Bank Personal Loan Interest Rates. If you have high CIBIL Score that means your HDFC Bank Personal Loan Interest Rates will be low and if you have low CIBIL Score your HDFC Bank Personal Loan Interest Rates will be high. Your CIBIL Score depends on how you pay your personal loan. To make your CIBIL Score high you need to repay your personal loan on time. And you will get lower HDFC Bank Personal Loan Interest Rates.

  • Applicant’s Age

    The applicant’s age is one of the most important in HDFC Bank Personal Loan Interest Rates. The age group for personal loan eligibility is 21 to 60 years old. The younger you are there are much chance that you will have a lower HDFC Bank Personal Loan Interest Rates. You will even get offers if you are applying for a personal loan in younger age. Your HDFC Bank Personal Loan Interest Rates will be much lower on younger age.

  • Employment

    Your employment stability matters a lot on your HDFC Bank Personal Loan Interest Rates. If you are a salaried person your employer also matters as every financial institution have a company list and if your employer is in the CAT A list your HDFC Bank Personal Loan Interest Rates will be low. And if you are working there more than two years your HDFC Bank Personal Loan Interest Rates will be low. And if you are self-employed you must run your business at least for five years to have high personal loan eligibility. And if you are working with a top notch company you salary is also high and if you are in a high position that means you will have a bright career ahead so your HDFC Bank Personal Loan Interest Rates will be low.

  • Existing Debt

    If you are someone who has existing debt on his neck your HDFC Bank Personal Loan Interest Rates can be higher. As you are already paying EMIs on those and if you are taking a new one this can be your liability and you won’t get any loan if your existing loans has already consumed 40% your monthly income. So it is advisable if you have any existing personal loan you can transfer the balance with the new one and can take a top up loan so your HDFC Bank Personal Loan Interest Rates can be lower.

  • Geographic Location

    Geographical locations matters a lot on your HDFC Bank Personal Loan Interest Rates as if you are from metro city you will get lower HDFC Bank Personal Loan Interest Rates than someone from rural areas. Also some financial institution has red marked on some places so if you are from one of those places your HDFC Bank Personal Loan Interest Rates will be high.

  • Housing Situation

    If you have your own house there are maximum chances that your HDFC Bank Personal Loan Interest Rates will be low and your personal loan will be approved but if you are living in a rental house your HDFC Bank Personal Loan Interest Rates will be high as your monthly income gets lower for that.

*Interest rate and Loan approval are subjected to band discretion and approval.

FAQ's

The HDFC Bank Personal Loan Interest Rates stats from 15.50%* to 20.00%*
The HDFC Bank Personal Loan amount starts from RS.50,000 to Rs. 50,000,00
The minimum CIBIL Score for HDFC Bank Personal Loan is 650.
The maxim tenure for HDFC Bank Personal Loan is 60 months.
The lowest EMI per lakh on HDFC Bank Personal Loan is 2,187.

Top