We offer flexible repayment options ranging from 12 to 60 months, depending on the customer’s profile.

You can take a loan ranging from Rs. 50,000 to Rs. 40,00,000.

You pay the loan in equal monthly instalments (EMIs). The loan will be paid through post-dated cheques. You can also pay through ECS or a standing instruction to debit your HDFC Bank account with the EMI amount.

Try our EMI calculator to calculate how much you need to pay each month.

You get a preferential rate of interest and processing fee, speedy processing and minimal documentation if you have a Salary Account with HDFC Bank. This is taken into account at the time of disbursal of the loan. You can pay through a Standing Instruction to debit your HDFC Bank account with the EMI amount.

No you don’t have to provide any security, collateral or guarantee.

Removal of a pledge from the security to regain the rights over the security is called de-pledge.

*Conditions Apply

A Guarantor is a person who guarantees to pay for someone else’s debt if he or she should default on a loan obligation.

Amortization is paying off debts in regular instalments over a period of time.

A right over the security is created in favour of HDFC Bank. Hence shares cannot be transferred or sold by the customer or shareholder.

RTGS is the Real Time Gross Settlement which is used for the transfer of amounts of Rs. 1,00,000 or more from one bank account to another bank account (any bank located anywhere in India if attached with an Internet system) at very minimal charges. The amount is credited into the beneficiary’s account in real time. For amounts less than Rs. 1,00,000 we use NEFT( National Electronic Fund Transfer).

The National Electronic Funds Transfer (NEFT) system is a nation-wide funds transfer system to facilitate transfer of funds from any bank branch to any other bank branch.

SI stands for Standing Instructions. It is one of the modes you can use to repay a loan, wherein your HDFC Bank account is directly debited for the EMI amounts, based on your specific instructions in the form of the Standing Instructions Mandate.

CIBIL stands for Credit Information Bureau India Limited. CIBIL’s aim is to fulfil the need of credit granting institutions for comprehensive credit information by collecting, collating and disseminating credit information pertaining to both commercial and consumer borrowers, to a closed user group of members. Banks, Financial Institutions, Non-Banking Financial Companies, Housing Finance Companies and Credit Card Companies use CIBIL’s services. Data sharing is based on the Principle of Reciprocity, which means that only Members who have submitted all their credit data may access Credit Information Reports from CIBIL.

The establishment of CIBIL is an effort made by the Government of India and the Reserve Bank of India to improve the functionality and stability of the Indian financial system by containing NPAs while improving credit grantors’ portfolio quality. CIBIL provides a vital service, which allows its Members to make informed, objective and faster credit decisions.

Can I repay the Personal loan earlier?

Yes, you can choose to repay your loan anytime after 12 months of taking the loan and after you have paid 12 EMIs along with applicable foreclosure charges. Please note Loan can be foreclosed by issuing a Demand draft / cheque at the branch; kindly note that cash beyond Rs. 49000/- will not be accepted for loan repayment against part prepayment/ full payment / matured loan closure payment. Any payment above Rs. 49000/- should be made vide Account payee Cheque / Pay order /Demand draft.

You need to carry an Agreement Number, Self-attested Identification Proof containing your signature to avail of any information / deliverable along with a written request and produce the documents at the Customer Service Desk.

If you want to change your address / contact details, you need to submit an address change request along with a Self-attested copy of your revised address proof. The Request form for Address Change is available on the Form Centre of HDFC Bank website.

Who can resolve my queries?

For your queries related to Loans (other than home loans), please visit the nearest Retail Asset Branch.
You can also write to us at www.hdfcbank.com/services with the following verification details or contact your nearest PhoneBanking officer:

• Loan account number
• Name of applicant / loan favouring
• Date of birth of the applicant (as provided in loan application form)
• Correspondence address
• Loan amount
• EMI amount
• Mode of repayment (standing instruction / ECS / post date cheques)
• Bank name and account number from which the EMIs are collected
• Query / Complain

What will be done with the post dated cheques if I request to change the mode of repayment/account for my loan?

Post Dated Cheques(PDCs)/Security Cheques submitted towards loan repayment that have not been encashed, will be defaced and retained by the Bank.
In case, you wish to have your old Post Dated Cheques(PDCs)/ Security Cheques to be returned to you, kindly lodge a request at the Retail Loan Service Center or through PhoneBanking or write us an email at www.hdfcbank.com/services within 45 days from the date of application of change in repayment instructions.
In case, we do not hear from you within the stipulated period, the defaced cheques will be destroyed.

In the event that you wish to change the mode of repayment/bank account for your loan repayment, you may visit the nearest the Retail Loan Service Center and submit your request with the revised account mandate/instructions.

1) Standing Instructions:

We offer the Standing Instructions (SI) facility whereby we can directly debit your HDFC Bank account for EMI amounts on due dates.

Please submit the following at your nearest Retail Loan Service Centre:

• Request form for swap of repayment instructions.
• 3 Security cheques favoring “HDFC Bank Ltd Loan Account No. <<      >>”, each undated and filled with a value equal to the sum of 3 EMIs.
• SI mandate duly filled and verified by HDFC Bank.
• In case a bearer submits the request on your behalf, a bearer authorisation along with KYC documents(self attested copy and original for validation) of the bearer,i.e. Identity and Signature Proof like PAN Card, Aadhar Card, Driving License or Passport Copy will also need to be provided.

2) Electronic Clearing Service (ECS):

We offer the ECS facility whereby we can directly debit your non-HDFC Bank account for EMI amounts on due dates.

Please submit the following at your nearest Retail Loan Service Centre:

• Request form for swap of repayment instructions.
• Security cheques favoring “HDFC Bank Ltd Loan Account No. <<       >>” ***
• ECS mandate duly filled and verified by your banker.
• ACH(Automated Clearing House) Mandate.
• Swap Charges of Rs.500/- favouring “HDFC Bank Ltd Loan Account No. <<            >>”
• In case a bearer submits the request on your behalf, a bearer authorisation along with KYC documents(self attested copy and original for validation) of the bearer,i.e. Identity and Signature Proof like PAN Card, Aadhar Card, Driving License or Passport Copy will also need to be provided.

  ***Security Cheques: You need to issue 1 security cheque for every 6 Equated Monthly Installments (EMI). The amount on each security undated cheque should be equal to the sum of 3 EMIs. For example, if your EMI amount is Rs. 1000 and you have paid 18 EMIs for a 36 month loan tenure, you need to submit 3 Security Cheques of Rs. 3000 each.

3) Post-dated Cheques (This mode is allowed only if the location is non ECS):

Please submit the following documents at your nearest the Retail Loan Service Center click here :

• Request form for swap of repayment instructions
• Revised post dated cheques in favour of “HDFC Bank Ltd Loan Account No. <<      >>” for the balance EMIs.
• ACH(Automated Clearing House) Mandate
• Swap Charges of Rs.500/- favouring “HDFC Bank Ltd Loan Account No. <<        >>”
• In case a bearer submits the request on your behalf, a bearer authorisation along with KYC documents(self attested copy and original for validation) of the bearer,i.e. Identity and Signature Proof like PAN Card, Aadhar Card, Driving License or Passport Copy will also need to be provided

In order to change your address in our records, you may visit the nearest Retail Loan Service Centerand submit the following documents:

• Request form for Address Change.
• Self Attested copy of your revised address proof along with the original address proof for validation.
• In case a bearer submits the request on your behalf, a bearer authorisation along with KYC documents(self attested copy and original for validation) of the bearer, i.e. Identity and Signature Proof like PAN Card, Aadhar Card, Driving License or Passport Copy will also need to be provided.

You may obtain a Duplicate Repayment Schedule for your loan account, free of charge by registering for our NetBanking facility on www.hdfcbank.com and download the repayment schedule for your linked loan account.
Alternatively, you may visit the nearest Retail Loan Service Center and submit the following documents

• Request form for Duplicate Repayment Schedule.
• Duplicate Repayment Schedule Charges of Rs.200/- favouring “HDFC Bank Ltd Loan Account No. <<          >>”
• In case a bearer submits the request on your behalf, a bearer authorisation along with KYC documents(self attested copy and original for validation) of the bearer, i.e. Identity and Signature Proof like PAN Card, Aadhar Card, Driving License or Passport Copy will also need to be provided

A service charge of Rs.500 is applicable for changes in loan repayment instructions issued from non-HDFC Bank Account (ECS or PDC facility). A cheque/payorder/demand draft for Rs. 500 favouring “HDFC Bank Ltd Loan Account No. <<     >>” will be required along with the revised set of repayment instructions.

The additional charges (if any) are applicable in case you default or in case of SWAP (i.e. change the repayment mode). The charges are updated and can be viewed in the Fees & Charges click here section in the Bank’s website of each loan product.

Once you submit your application form and the required documents as per Bank’s criteria, you can expect our approval and disbursal in 4 hours*, provided everything is in order. All loan approvals are at the sole discretion of the bank.