Personal loans give you a wide choice to get instant cash if you are in an emergency situation or have an event coming up and you need extra money to cover your expenses. These loans offer you quick loan disbursement and can be repaid flexibly.
If you are planning to apply for a personal loan from HDFC Bank, then it is important to know the interest rates offered by the bank so that you can analyze and compare them with other banks and get the best deal for yourself.
HDFC Bank Interest Rates on Personal Loans for Salaried Employees 2025
HDFC Bank provides personal loans to salaried employees at lower interest rates compared to other applicants. Interest rates are offered from 10.85% and can go up to 24%. There are several factors that influence the interest you receive:
Credit score: A good credit score of 720 and above increases your chances of getting your loan application approved.
Term of the loan: Long-term contracts can lead to higher interest rates on personal loans.
Relationship with the bank: If you already have a salary account with HDFC Bank, your chances of getting a better deal on a personal loan increase.
Eligibility Criteria
Employment Status:Must be a paid employee in a private sector, public sector or government sector.
Age category:21 years to 60 years
Salary requirement: If you are an HDFC Bank salary account holder, you must have a minimum monthly income of Rs. 25000 or higher. In other cases, you must have a net monthly income of Rs. 50,000 and above.
Work experience:You have at least 2 years of work experience, of which 1 year within the current organization.
Loan amount and term
Loan amount:The loan amounts offered range from 50,000 to 40 Lakh depending on the application profile.
Employment:The loan repayment period varies between 3 months and 72 months.
In conclusion, before you decide to apply for a personal loan, it is important that you first analyze your financial situation to determine whether or not you can afford a loan. You can also explore other loans offered by banks as personal loans offer higher interest rates compared to other loans in the market. This allows you to make informed decisions and avoid any kind of financial burden.
Please note: Interest rates and terms for personal loans may vary over time. For the most up-to-date information, we recommend that you visit the official website of the bank in question. In addition, taking out a loan involves certain risks, so it is important to be careful and make informed decisions.
