HDFC Bank Personal Loan at a glance
HDFC Bank's personal loan is quick — often same-day for pre-approved customers — and priced from about 10.5% for strong profiles. The published card rate runs much higher, so the offer depends heavily on your relationship with the bank.
Tenures stop at six years, which keeps total interest contained. Check the foreclosure charge before planning an early exit; it is typically around 4% of the outstanding.
Monthly EMI at 15.75%
What the instalment looks like at the indicative rate, across the amounts people most often borrow and the tenures most often chosen.
| Loan amount | 2 yr | 3 yr | 5 yr |
|---|---|---|---|
| ₹2,00,000 | ₹9,769 | ₹7,007 | ₹4,837 |
| ₹5,00,000 | ₹24,422 | ₹17,517 | ₹12,093 |
| ₹10,00,000 | ₹48,844 | ₹35,034 | ₹24,185 |
How HDFC Bank compares
Same product, same amount (₹5,00,000) and tenure (60 months). The EMI column uses the midpoint of each bank's published range, so it is a like-for-like comparison rather than a best-case quote.
| Bank | Indicative rate | Monthly EMI |
|---|---|---|
| Kerala Gramin Bank | 11.00% – 14.50% | ₹11,313 |
| SBI | 11.10% – 15.60% | ₹11,466 |
| South Indian Bank | 11.50% – 15.50% | ₹11,505 |
| Canara Bank | 11.25% – 16.00% | ₹11,536 |
| Federal Bank | 11.25% – 16.50% | ₹11,603 |
Rates compiled 28 October 2026 and indicative only. Your offer depends on credit score, income and loan-to-value ratio.
What an extra ₹2,000 a month would do
Same loan, same rate, one extra payment every month. This is the cheapest way to cut the total cost of any loan.
| Scenario | Monthly payment | Loan closes in | Total interest |
|---|
Floating-rate home loans to individuals carry no prepayment penalty in India. Personal and car loans often charge 2–5% of the outstanding amount — check before you prepay.
Frequently asked questions
What credit score does HDFC Bank want for a personal loan?
750 or above gets the best pricing. Between 700 and 750 you may still be approved at a higher rate, and below 700 approval is difficult without an existing banking relationship or collateral.
Can I prepay my HDFC Bank personal loan?
Usually after 6 to 12 EMIs, with a foreclosure charge of 2–4% of the outstanding principal. Check the sanction letter before you plan an early exit.
How much can I borrow on my salary?
Commonly up to 24 times your net monthly salary, capped by the product limit and by keeping the EMI under about 50% of income after other obligations.
What is the EMI on a ₹5 lakh HDFC Bank personal loan?
At the indicative rate of 15.75% over 5 years the EMI is about ₹12,093. Over 60 months that totals ₹7,25,563, of which roughly ₹2,25,563 is interest.