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HDB Finance Personal Loan

HDB Financial Services offers personal loans of up to Rs 20 Lakhs at interest rates starting from 10% p.a. and for repayment tenures of up to 5 years. It offers personal loans to both salaried and self-employed professionals to meet their financial needs.It also offers New to Credit loans to borrowers with limited or zero credit history by using its borrower’s social profile to access their creditworthiness.The borrowers can avail personal loan online from HDB Financial Services ( HDBFS) by uploading a soft copy of their documents and fulfilling the eligibility criteria.

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HDFC Bank
10 Second Disbursal*100% Digital Process*Quick Disbursal
Max. Loan Amt.Upto 25L
Rate of Interest9.99% - 12.5%
Tenure upto1-5 Years
Processing Fee6,500
Axis Bank
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Max. Loan Amt.Upto 40L
Rate of Interest9.99% - 17.15%
Tenure upto1-5 Years
Processing Fee1% - 1.5%
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Max. Loan Amt.Upto 25L
Rate of Interest10.5% - 17.2%
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Get up to 40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

About HDB Personal Loan

  • Interest rate: 10% to 35% p.a.
  • Loan amount: Up to Rs 20 Lakhs
  • Loan tenure: 12 to 60 months
  • Processing fee: Up to 5% of the loan amount + taxes

HDB Personal Loan Interest Rates

HDB Financial Services offers personal loan at affordable interest rates of 10% to 35% p.a. based on the CIBIL score and other factors of an applicant’s credit profile. The final interest rates offered to the loan applicant for HDB Personal Loan would vary according to the monthly income, job profile, employer’s profile, etc. of the loan applicant.

HDB Personal Loan Fees and Charges

Application, Processing Fees and Prepayment and charges

Application fee Nil
Loan processing fee Up to 5%
Prepayment Charges 4% of Principal Outstanding Amount

Other Fees & Charges

Cheque/ECS Bounce Charges Rs 600
Interest on late payment of EMI* 3%
Statement of Account Charges Rs 500
Document Retrieval Charges Rs 750
Loan Cancellation Charges Rs. 1000
Copy of Sanction Letter NA
Installment Collection Charges Rs 200
CERSAI Fees (per property) Nil
Delayed Installment Payment Charge 30%
PDC/ADC Swap Charge Rs. 500

Note: The above charges are exclusive of GST. *Per month on Overdue EMI amount/Interest Amount

Types of HDB Personal Loans

Personal Loan for Salaried

  • Purpose: HDB Financial Services offers personal Loan for salaried with quick documentation and instant loan approvals to renovate their home, purchase new gadgets, fund their child’s higher education, wedding or any other such need at short notice.
  • Loan amount: Up to Rs 20 lakh
  • Tenure: Up to 5 years

Personal loan for Doctors

  • Purpose: HDB Financial Services offers personal loan for doctors and medical practitioners can avail HDB Personal Loan for developing clinics, clinic-cum residences, nursing homes, pathological laboratories, purchasing ambulance, medical or diagnostic equipment, setting up operation theaters, office equipment (computers, fax air-conditioners, furniture, etc) expanding or renovating or modernizing existing medical facilities. Doctors and medical practitioners can also avail personal loan for doctors for working capital requirements including medicines stock.
  • Tenure: Up to 5 years

New to Credit Loan

  • Purpose: HDB Financial Services offers New to Credit Loan to borrowers with limited or no credit history.
  • Loan amount: Up to Rs 1.5 lakh
  • Tenure: 6, 12 and 18 months

Micro-lending loan

  • HDBFS offers micro-lending loans to households (individual family units meaning husband, wife and their unmarried children) having income of up to Rs 3 Lakhs. Members can get up to Rs 60,000 loan based on their loan cycle and eligibility.
  • Borrowers can avail micro-lending loans only for income generating activities such as poultry, animal husbandry, fisheries, papad, vegetable vendor, small cottage industries, etc.
  • Micro lending loan is based in JLG (Joint Liability Group) model where social collateral is required to avail loan from the organization. Except for disbursement, all activities in the micro-lending product is done at the member house of the village.
  • HDBFS also provides insurance to the members and her husband till the loan tenure term. The loan amount is disbursed in the savings account of the borrowers in 3 days.

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HDB Personal Loan Eligibility Criteria

Personal loan for salaried individuals

  • Eligible individuals: Salaried doctors and CAs; employees of select public and private limited companies; government employees; and employees of public sector undertakings.
  • Minimum age should be 21 years.
  • Maximum age of borrowers at loan maturity should be 60 or retirement (whichever is earlier) and 65 years for government employees).
  • The borrower should be minimum one year in employment with minimum one-month salary credit in their current organization.
  • Minimum Net Monthly Income: Rs 20,000 for Metro Locations (Ahmedabad, Bangalore, Chennai, Delhi, Hyderabad, Kolkata, Mumbai & Pune) & Rs 15,000 for All Other Locations.

Personal loan for self-employed professionals

  • Eligible individuals: Self-employed Doctors, Chartered Accountants, Architects and Company Secretaries.
  • Minimum age of borrowers should be 22 years.
  • Maximum age of applicants at loan maturity should be 65 years.
  • The borrowers should also have a running self-employed business of minimum 3 years.
  • Minimum annual income should be Rs 1 Lakh p.a for metro locations and Rs 75,000 for non-metro locations.

Personal loan for self-employed non-professionals

  • Eligible individuals: Self-employed Sole proprietors and Directors and Partners in the business of trading, manufacturing or services.
  • Minimum age of the borrowers should be 22 years.
  • Maximum age of applicants at loan maturity should be 65 years.
  • The borrowers should also have a running business of minimum 4 years with 2 years in the same business.
  • Minimum annual income should be Rs 1 Lakh for metro locations and Rs 75,000 for non-metro locations.

Personal loan for self-employed individuals owning partnership firms and private companies

  • Minimum age of the borrowers should be 22 years.
  • Maximum age of applicants at loan maturity should be 65 years.
  • The borrower should have a minimum 4 years of business with 2 years in the same business.
  • Minimum income for metropolitan cities should be Rs 1 Lakh per annum and Rs 75,000 for non-metro cities.
  • The business of the borrowers should be making profit for the last 2 years.

For Doctor’s Loan

  • Maximum age: 65 years on date of sanction of loan.
  • Minimum 4 years of post-qualification experience.
  • Graduate Doctors (MBBS/BDS)/Post Graduate Doctors (MD/DM/MS/MCH/MDS)
  • The borrower should own House/Clinic (Parental/own house in any location where HDBFS operates)

For micro-lending loan

  • Borrowers can only avail loan when they are the part of a group (a set of 4-8 individual women from similar economic background or occupations who know and trust each other and become the customers of HDBFS).
  • Economically active poor women: salaried, self-employed, housewives or daily rate workers.
  • All members should be between the ages of 18 to 55.
  • Household income of the borrowers should not exceed Rs 3 Lakhs.
  • Monthly loan obligation of the household should not exceed 50% of the monthly household income.
  • Members in the group should not be blood-relatives, which means they should not be mother-daughter, mother-in-law-daughter-in-law, sisters, sister-in-law, or co-sisters (brother’s wives).
  • The group’s members should be residing within 300-500m of each other.
  • Borrowers should reside in the same area for more than 5 years.
  • Members should know each other for at least 2-3 years.
  • The group should understand the concept of JLG (Joint Liability Group), which means they should agree to pay the EMI of the other member of the group if she is unable to pay.

Documents required for HDB Personal Loan

For salaried individuals

  • Proof of identity and address: Passport/voter ID/Driving license/PAN Card*/Adhaar or proof of possession of Aadhaar number (no voluntary basis)/Photo Image/Job card issued byu NREGA duly signed by a State Government Officer/Letter issues by National Population Register that contains details of name and address/Utility Bill (anything not more than two months old of any service provider—electricity, telephone, piped-gas, water bill)/registered Rental Agreement/Allotment Letter of Accommodation from employer/leave and license agreements with employers allotting official accommodation.
  • Date of birth proof: Driving license/PAN Card/Birth certificate/10th/12th marksheet carrying date of birth.
  • Latest bank statements/Bank passbook (updated within 90 days)
  • Last 3 months salary slip with latest Form 16/ITR/Appointment letter.

For self-employed professionals

  • Identity and address proof: Passport/Voter ID/Driving License/PAN Card*/Aadhaar Card or Proof of Aadhaar number possession (on voluntary basis)/Utility bill (anything not more than two months old of any service provider—electricity, telephone, piped gas, water)/Registered Rental Agreement/Allotment letter of accommodation from employer/leave and license agreements with employers allotting official accommodation.
  • Date of birth proof: Driving License/PAN Card*/Passport copy/Birth Certificate/ 10th/12th marksheet stating date of birth.
  • Latest bank statements/Bank passbook which is updated within 90 days.
  • Latest ITR with income computation, B/S and P&L account for the last 2 years certified by a CA.

For self-employed non-professionals

  • Address and Identity Proof: Passport/Voter ID/Driving License/PAN Card* of the Proprietorship Firm and Proprietor/Aadhaar Card of Proof of possession of Aadhaar number (on voluntary basis)/Photo/Utility bill (anything which is not more than 2 months old of any service provider—electricity, telephone, piped gas, water bill)/Registered Rental Agreement/Allotment letter of accommodation allotment from employer/leave and license agreement with employers allotting official accommodation/Registration Certificate.
  • Date of birth proof: Driving License/PAN Card/Passport Copy/Birth Certificate/10th/12th marksheet stating date of birth.
  • Latest bank statements/Bank passbook which is updated within 90 days.
  • Latest ITR with computation of income, B/S and P&L account for the last 2 years certified by a CA.
  • Proof of continuation: Trade license/Establishment/Sales Tax Certificate
  • Other Mandatory Documents—for proprietorship concern, any two documents should be obtained (registration certificate, certificate or license issued by the municipal authorities under Shop and Establishment Act, Sales and Income Tax returns, CST/VAT/GST certificate (provisional/final), Certificate/registration document issued by Sales Tax/Service Tax/Professional Tax Authorities, IEC (Importer Exporter Code) issues to the proprietary concern by a professional body incorporated under a statute, Complete Income Tax Return (not just the acknowledgement) in the name of the sole proprietor where the income of the firm is reflected, duly authenticated or acknowledged by the Income Tax authorities, Utility bills—electricity, water and landline telephone bills.)

For self-employed individuals owning partnership firms and private companies

  • Identity and address proof: Passport/Voter ID/Driving License and PAN Card* of all Partners/Directors/each authorized signatory/Aadhaar Card of Proof of possession of Aadhaar number(on voluntary basis)/Photo/Utility Bill(anything which is not more than 2 months old of any service provider–electricity, telephone, post-paid mobile phone, piped gas, water bill)/Registered Rental Agreement/Allotment Letter of Accommodation from employer/leave and license agreements with employers allotting official accommodation.
  • Date of birth proof: Driving License/PAN Card/Passport Copy/Birth Certificate/10th/ 12th marksheet stating date of birth.
  • PAN Card of the Private Limited Company or Partnership Firm is mandatory.
  • Registration certificate of Partnership firm.
  • Latest bank statements or bank passbook updated within 90 days.
  • Power of attorney granted to a partner, managers, officers or an employee of the firm or a company to transact business on its behalf.
  • Complete Income Tax Return (not just the acknowledgement) in the name of the Partnership Firm where the firm’s income is reflected, duly authenticated or acknowledged by Income Tax Authorities.
  • Proof of continuation: Trade License/establishment/Sales Tax Certificate/SSI Registration.
  • Other mandatory documents: Sole Prop. Decl. or Cert. copy of Partnership Deed (to be verified against original), Certified true copy of Memorandum and Articles of Association (certified by director) and Board resolution (original).

Required Additional Documents for Private Limited Companies

  • Certified copy of Certificate of Incorporation and an updated Memorandum and Articles of Association (certified by Company Secretary or Director).
  • Certified Copy of Resolution of the Board of Directors to open an account and identification of those who have authority to operate the account duly signed by two directors or a company secretary.
  • Form 32/DIR 12 duly filed with Registrar of Companies—only in cases where the list of directors is is not original subscriber to MOA and AOA, and
  • Certified copy of the Form 18/ INC 22 filed with the Registrar of Companies—only in cases where the address is different from the document listed in (a).

For Doctor’s Loan

  • Income Documents – ITR for last 2 years
  • Education qualification certificates
  • Identity proof & Permanent Address proof
  • Property ownership proof( either office / residence).
  • Medical Registration Certification

For Micro-lending Loan

For borrower:

  • Identity Proof: Voter ID or PAN Card
  • Current residential proof: Voter ID or Aadhaar card with aadhaar masking feature.
  • Bank passbook
  • 2 recent passport size photographs

How Can I Apply for a Personal Loan Online?

Get up to 40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

Avail Hdb For
All Your Needs

Avail Personal Loan Banner

Last updated: 30 August, 2025

Vandana Punj profile
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Vandana Punj
Shamik Ghosh profile
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Shamik Ghosh

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