Are you planning to carry out any repairs around your home? Are you planning a holiday trip to Goa with your family next month?  Then, it’s a great idea to avail a personal loan to cover for the impending expenses. 

What did you say? You have already decided to apply for a personal loan from HDFC? Great choice! But are you sure your loan will be approved? Are you sure about your eligibility for this particular loan product from HDFC?

You do not have to worry at all. You have the HDFC personal loan eligibility calculator at your disposal now, where you can check your eligibility for an HDFC personal loan with some incredibly easy steps!

What is HDFC personal loan Eligibility?


Salaried Professionals

Self-employed Individuals


From a minimum of 21 years to a maximum of 60 years

From a minimum of 25 years to a maximum of 65 years

Minimum Income

NMI ( Net Monthly Income) of Rs. 15,000 for residents in Delhi, Mumbai, Bangalore, Calcutta, Chennai, Ahmedabad, Pune, Hyderabad,  and Cochin

Rs. 1 lakh per annum

NMI ( Net Monthly Income) of Rs. 15,000 for the rest of India

Maximum personal Loan Amount

Rs. 15 lakh

Rs. 20 lakh (Can go up to Rs. 50 lakh for selected cases in selected locations)

Loan Tenure/repayment period

12 to 60 months

12  to 60 months


Not applicable

Not applicable

Continuity of Employment/Business

Should be doing a job for at least 2 years. Also, he should be working for at least 1 year with the present employer

A post qualification experience of 5 years is required for Architects & Company Secretaries. Post qualification experience of 4 years is needed for Doctors & Chartered Accountants.

Credit Score

Preferably 700 and above

Preferably 700 and above


Have a look at the table above. It depicts some of the most important points related to the HDFC Bank personal loan eligibility criteria. Just like any other lender, the HDFC bank also has some standard eligibility requirements for the customers to meet while applying for an HDFC Bank personal loan. We will discuss about them shortly.

What is an HDFC personal loan eligibility calculator?

The HDFC personal loan eligibility calculator can help you a great deal to figure out your eligibility for an HDFC personal loan. This is a highly accurate and easy-to-use tool. But, in order to get accurate results, you should be providing to it certain details such as –

  • Your NMI or Net Monthly Income: It refers to the net or ‘take home’ income earned by you on a given month.
  • The interest rate: Provide the interest rate of the particular HDFC personal loan you want to avail.
  • Other EMIs, if any: If you have any other liability at present in the form of an EMI or rent outflow, then provide the total amount in the appropriate space provided in the eligibility calculator.
  • Personal Loan Tenure: Enter the HDFC personal loan tenure (in months) during which you wish to repay the loan to the HDFC bank.

What are the factors that may influence your HDFC personal loan eligibility?

The below-mentioned factors are usually considered by the HDFC Bank while ascertaining your personal loan eligibility -

  • Your Credit History- The credit score of the applicant (both present and the recent past) will have an important bearing on his HDFC personal loan eligibility.  If you have a credit score in the range of 700 or beyond, it will boost your loan eligibility and you stand a great chance of getting your desired HDFC personal loan approved. It will also enable you to grab the best interest rates and the amount you need from HDFC.
  • Your Income-Perhaps, it’s the most important factor for the HDFC Bank to calculate your eligibility. The higher is your monthly income, the more will be your eligibility for a higher loan amount. It’s not unusual for lenders such as the HDFC Bank to look for an assurance about your repayment capability as personal loans are mostly of unsecured types. A higher affordable income will project you as someone with an excellent repayment capability and less likely to default on payments due.
  • The organisation you work for- The company a loan seeker is currently working for can also influence his personal loan eligibility. Working for a stable and renowned organisation will make the borrower a safe proposition for the lender in terms of repayment capability and hence, the lender will not hesitate to approve a personal loan to him at the best rates applicable.
  • Housing situation- Your housing situation is another determinant for the HDFC Bank to ascertain your personal loan eligibility. The eligibility will have a positive impact if you stay in your own house and will have a negative impact if you stay in a rented house. This is so because, if you live in a rented house, you need to pay rents and this additional monthly expense on rent will lower your disposable income. It will reduce your repayment capacity.
  • Present debt situation-It may so happen that you are currently spending a big part of your monthly income to pay off your loan EMIs or credit card payments. In such a case, you have a less chance of getting your loan approved from HDFC bank, than someone with no such expenses to make towards existing debt.
  • Your Place of residence - The city/area/location of the borrower is another important criterion when the HDFC Bank assess his personal loan eligibility.  Different eligibility criteria are maintained HDFC bank for persons living in metros, semi-urban and rural areas. For example, the minimum monthly income for an applicant should be Rs 20,000 if he is a resident of the Metros, Bangalore, Hyderabad, Pune, Cochin and Ahmedabad. For applicants residing anywhere else in India, the minimum monthly income is Rs 15000. 


HDFC personal loan rates and charges



Interest Rate

15.50% onwards

Loan Tenure

12 to 60 months

Maximum Loan Amount

Rs.20 lakh

Processing Fees

A maximum of 2.50%  of the loan amount per annum - minimum of Rs 1999 and up to Rs 25,000 for salaried individuals

Prepayment Charges

4% of the principal outstanding for 13 to 24 months, 3% of the principal outstanding for 25 to 36 months, 2% of the principal outstanding beyond this for salaried individuals

Loan Cancellation Charges

Nil. But the customer would be charged interest during the disbursement and cancellation and processing fee will not be waived

EMI bounce charges

Rs 550 for every bounce+ GST

Additional interest on late payment

24 % per annum , subject to a minimum of Rs 200

Repayment mode change charges

Rs 500 for every transaction + GST

*Rates are subject to periodic change. Personal loan interest rates in HDFC Bank and other fees and charges are subject to regular reviews and can vary from customer to customer depending upon a number of factors

How does your CIBIL Score affect HDFC Bank Personal Loan Eligibility?

HDFC Bank looks into your credit report issued by CIBIL while processing your personal loan application. A CIBIL score over 700 is normally considered good enough to be eligible. But if you have a score in the range of 800 to 900, the bank will have more confidence in your repayment capability. The bank may consider you for better offers, with favourable terms.

Your CIBIL credit report also includes details of loans (or any credit for that matter) you’ve availed in the past. If you have any previous default in credit card and loan repayments, they will also come into consideration while the bank processes your loan application. HDFC will consider this to be a negative mark and will reduce your loan eligibility.

The type of loan you availed in the past is also reflected in the CIBIL report. If you have taken more secured loans than unsecured loans, it works in your favour.

Hope the above-mentioned details will help you understand the HDFC personal loan eligibility and sort out issues related to your HDFC personal loan if there is any. The easy-to-use HDFC personal loan eligibility calculator considers all the factors that affect your eligibility and gives an accurate assessment of your eligibility for the HDFC personal loan of your choice.

At the conclusion, we would like to reiterate that before zeroing on any personal loan, you should be absolutely sure about your personal loan eligibility. Having a thorough idea of your eligibility will not only simplify your application process but will also help you to grab the best personal loan rates.