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HDFC Bank 20 Lakh Personal Loan

Are you running short of funds for your dream wedding, vacation, home renovation or a medical emergency? HDFC Bank Personal Loan is the answer to all. HDFC Bank offers instant personal loans with loan disbursal in just 10 seconds. Applicants can avail a personal loan of Rs 20 lakh @ 9.99% p.a. onwards to meet their personal requirements. Existing customers can also avail pre-approved personal loans with in-principal loan sanction.

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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 Fee₹ 6,500
Axis Bank
Low Processing fee
Max. Loan Amt.Upto ₹25L
Rate of Interest9.99% - 17.15%
Tenure uptoUpto 6 Years
Processing FeeUpto 2%
Kotak Mahindra Bank
Lowest Income requirement100% Digital Process*
Max. Loan Amt.Upto ₹25L
Rate of Interest9.98% - 17.2%
Tenure upto1-5 Years
Processing Fee1.1% - 1.5%

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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

HDFC Bank 20 Lakh Personal Loan- Highlights

Interest Rate 9.99%-12.50% p.a.
Loan Tenure Up to 5 years
Processing Fee Rs 3,499-Rs 6,500
EMI/NMI ratio 50-55%
Minimum CIBIL Score 650
Collateral Collateral-free loans with no end-usage restrictions
Usage For personal purposes including wedding, travel, medical emergency, home renovation, etc., except for speculation

Interest Rates of HDFC Bank Personal Loan for Rs 20 Lakh

HDFC Bank personal loan interest rates start from 9.99% p.a. onwards. Lenders usually set their personal loan interest rates based on the credit score, monthly income, job profile, loan types, etc. of the applicants. Below-mentioned is the interest rate range of HDFC Bank Personal Loan of Rs 20 lakh.

Minimum Interest Rate 9.99% p.a.
Maximum Interest Rate 12.50% p.a.

HDFC Bank Personal Loan 20 Lakh Personal Loan- Fees and Charges

Particulars Charges
Processing Fees Rs 3,499-Rs 6,500
Prepayment Fees
  • 4% of outstanding principal (Up to 24 EMIs)
  • 3% of the outstanding principal (24-36 EMIs)
  • 2% of the outstanding principal (Above 36 EMIs)
Repayment Mode Change Charges Rs 500
Payment Return Charges Rs 450
Amortization Schedule Charges Rs 50 per schedule

Who Can Avail a Personal Loan of Rs 20 Lakh from HDFC Bank

The following people are eligible of applying for personal loan of Rs 20 lakh from HDFC Bank:

  • Age should be between 21 to 60 years
  • Employees of private limited companies and public sector undertakings
  • Total work experience of atleast 2 years with a minimum experience of 1 year with the current employer.
  • EMI/NMI ratio of 50-55% including the existing EMIs and EMIs of the proposed personal loan.

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Documents Required for Personal Loan Application of Rs 20 Lakh from HDFC Bank

  • KYC documents
  • Bank statement for last 3 months
  • Salary slip for last 3 months
  • No documentation required in case of pre-approved personal loans

How Can You Calculate the EMI of a 20 Lakh Personal Loan

You can calculate the EMI of a 20 lakh personal loan using a personal loan EMI calculator available online. All you need to do is enter the loan amount, interest rate, and loan tenure in the EMI calculator and get results instantly. Thus, you can plan your budget before taking a loan and take informed decisions.

EMI Calculation for Different Loan Tenures-

Loan Amount (Rs) Loan Tenure Interest Rate (p.a.) EMI (Rs)
20,00,000 1 years 9.99% 1,75,822
20,00,000 2 years 9.99% 92,281
20,00,000 3 years 9.99% 64,525
20,00,000 4 years 9.99% 50,716
20,00,000 5 years 9.99% 42,484

Swipe to see more table data

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

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What our customers say

Highly recommended platform

I applied for a personal loan for medical emergency through Paisabazaar and got amazing service like nowhere else. The team was extremely cooperative and followed up with me until I had my loan amount in my account. My loan was disbursed within 24 hours. It is indeed an excellent platform for taking loans.

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Sunil YadavOct 29, 2025

Instant loan disbursal

I applied for a personal loan through Paisabazaar and got my loan disbursed in no less than 24 hours. The team was extremely cooperative, guided me through the entire process and followed up with me until I had my loan amount in my account. I highly recommend this platform to everyone looking for an urgent loan.

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Neha JainOct 29, 2025

Excellent platform

Excellent platform for personal loan comparison! Their EMI calculator helped me pick the best tenure & my monthly emi.

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Manish KumarOct 23, 2025

Got personal loan instant

I was a medical emergency &amp; need funds instantly I applied for loan at Paisabazaar &amp; see I have a pre approved offers &amp; apply to it &amp; amount disbursed in 48 hours thanks to paisabazaar teams

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Mansi SharmaOct 17, 2025

Got loan yesterday

I got a loan of 2 lakh from Paisabazaar. Until now, I didn&#x27;t know that it was so easy to get loan through Paisabazaar. They helped me with all documents and process and my loan was sanctioned yesterday itself.

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Priyanka SharmaOct 15, 2025

Got personal loan in a few minutes

I had pre-approved offers. When I applied through Paisabazaar, I got my personal loan approved within a few minutes. The process was very hassle-free and the team was extremely cooperative.

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Preeti SinghSep 26, 2025

Cibil kam tha fir bhi loan dila diya

Mera cibil kam tha fir bhi paisabazaar walo ne loan dila diya mujhe jo bohot jaruri tha.

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Pawan SehrawatSep 25, 2025

Personal loan quick approved

My personal loan was quick approved on Paisabazaar. Everything was online and I was not required to submit any more documents.

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Vivaan ShahSep 24, 2025

Loan Approved in on day

I confused between HDFC & Axis personal loans, but Paisabazaar showed me all the offers side by side. I apply in 10 minutes and got approval the next day!

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Rahul MehtaSep 23, 2025

Personal loan mila yahaan se

Mujhko personal loan mila yahaan se bina koi dikkat hue. Maine toh online apply kiya aur 3 lakh ka loan mila 2 saal ke liye.

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Pankaj SinhaSep 22, 2025
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