HDFC Personal Loan Eligibility Calculator

HDFC Personal Loan Benefits

🔒 No Collateral Required

Enjoy hassle-free financing without pledging any assets or property. Loan approval is based solely on your income and creditworthiness.

⚡ Quick Access to Funds

Personal loans are processed swiftly. You can receive funds within seconds (for pre-approved customers) or within a few days after approval.

🎯 Flexible Usage

Use your loan amount for any purpose – whether it’s a wedding, home renovation, medical emergency, education, or travel. There are no usage restrictions.

💸 Budget-Friendly EMIs

Benefit from fixed and affordable EMIs that ensure easy repayment without putting strain on your monthly finances.

📄 HDFC Personal Loan – Documents Required

• Identity Proof: Passport / Voter ID / Driving License / Aadhaar Card
• Address Proof: Same documents as above
• Income Proof: Latest 2 salary slips or current dated salary certificate with Form 16
• Bank Statement: Last 3 months’ bank statement or 6 months’ bank passbook

✅ Terms and Conditions

• Personal Loan is available only for salaried employees of private companies, public sector undertakings (central/state/local bodies).
• Applicants must be between 21 and 60 years of age.
• Applicants must have a minimum job experience of 2 years, with at least 1 year in the current organization.
• Minimum monthly net income should be ₹25,000.
• Loan approval depends on creditworthiness, CIBIL score, FOIR, and employer category.

❓ HDFC Personal Loan – Frequently Asked Questions (FAQs)

1. What are the documents required for a Personal Loan?

You will need:

• Identity Proof (Passport, Voter ID, Driving License, Aadhaar)
• Address Proof (Same as above)
• Last 3 months’ bank statement
• Latest salary slips or Form 16

2. Which documents are accepted as income proof?

Latest 3 salary slips or salary certificate and Form 16 from your employer.

3. Is there a documentation process for a pre-approved Personal Loan?

No. If you are a pre-approved HDFC Bank customer and KYC compliant, documentation is not required.

4. How fast is the Personal Loan documentation process?

Pre-approved customers can get funds in 10 seconds. Others may get it within 4 working hours if all documents are correct.

5. Are original KYC documents required?

No. Only self-attested photocopies of your KYC documents are needed.

6. How is Personal Loan eligibility calculated?

Loan eligibility is calculated based on:

• Geographic location
• Monthly income
• Existing EMIs and liabilities (FOIR)
• Employer category
• Credit score (CIBIL)
• Credit history

7. What are the eligibility criteria?

• Age between 21–60 years
• Minimum net salary ₹25,000/month
• Minimum 2 years work experience, 1 year with current employer
• Salaried in a private company or public sector undertaking

8. What is the minimum salary for a Personal Loan?

₹25,000 net income per month.

9. How to check HDFC Personal Loan eligibility?

Use the HDFC Personal Loan Eligibility Calculator online.

10. What is the minimum credit score required?

Minimum credit score required is 650+. A score above 720 is ideal.

11. What factors affect personal loan eligibility?

• CIBIL Score
• Income
• Existing EMIs/FOIR
• Repayment history
• Employer category

12. How to improve personal loan eligibility?

• Maintain a high credit score
• Avoid multiple loans
• Repay EMIs on time
• Reduce existing loan obligations

13. Are self-employed individuals eligible for a personal loan?

Typically, HDFC Personal Loans are for salaried individuals. However, self-employed persons can explore HDFC Business Loans or other loan products.