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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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Valid till 31st March '26*T&C Apply
Instant Personal Loan

Get up to ₹50 Lakhs starting at 9.98%

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15.5L Reviews

5.7cr+Satisfied Customers
65+Lending Partners
₹65k Cr+Loans Disbursed
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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
ICICI Bank
100% Digital Process*Quick Disbursal
Max Loan Amt.Upto 25L
Rate of Interest11% - 13%
Tenure upto1-5 Years
Processing FeeUpto 2%
Axis Bank
Low Processing fee
Max Loan Amt.Upto 25L
Rate of Interest9.99% - 17.15%
Tenure uptoUpto 6 Years
Processing FeeUpto 2%
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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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All Your Needs

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

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 Personal Loan for
All Your Needs

FAQs

You can avail a 20 lakh personal loan from HDFC Bank at interest rates starting from 9.99% p.a. onwards.

The  interest cost for HDFC Bank 20 lakh personal loan for a tenure of 5 years would be Rs 5,49,055.

Applicants having a credit score of 720 and above usually have higher chances of availing 20 lakh personal loan from HDFC Bank at lower interest rates.

The EMI of 20 lakh personal loan from HDFC Bank for a tenure of 3 years would be Rs 64,525.

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What our customers say

My Trust in Paisabazaar has Increased

I would like to take a moment to share my sincere feedback regarding the support I received from your team. The executive who assisted me was extremely professional, polite, and knowledgeable. They patiently understood my concern, explained the process clearly, and guided me step by step toward the right solution. I truly appreciate the transparency, timely responses, and genuine effort shown to help me.

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Lalit MaviFeb 12, 2026

Best Place for Taking Loans

I contacted customer care with a few queries, and I am very satisfied with the support I received. The representative was polite, patient, and explained everything clearly. My questions were resolved properly, and the overall experience was smooth and helpful. Thank you for the excellent customer service

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Kokil BarnwalFeb 12, 2026

Apne higher education ke liye loan liya tha

Muhje higher education ke liye loan chahiye tha. Paisabazaar pe apply kiya. Got it at the right time. Quite helpful.

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Puja DanuJan 22, 2026

Sabse jada helpful log the yaha

Maine bht jagah try kiya tha personal loan ka, yaha try kiya toh helpful log mille. Har steps mai aram se samjhaya or usse muhje loan lene mai jda dikkat nhi aayi.

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Anuradha GuptaJan 21, 2026

Best Advisor for Personal Loan

I would like to share my feedback regarding my recent interaction with Mr. Vipin Singh (employee id EW12967) After discussing the financial matters with him, I felt very satisfied with his approach and professionalism. He explained everything clearly, handled the discussion patiently, and ensured that all concerns were addressed effectively. His communication skills, positive attitude, and dedication towards his responsibilities truly reflect his commitment to the organization.

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20th Jan 2026Jan 20, 2026

Meri shaddi thi

Shadi mai bht kharche hote hai. Maine shaddi ke liye personal loan paisabazaar se liya tha. Process smooth tha or interest bhi sahi milla.

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Sadia KhatunJan 15, 2026

Perfect for Loan Solutions

Recently I had a conversation with Mr. Harsh ji. Thanks Mr. Harsh ji for providing a better solution in a very short period of time with very nice behaviour. Thank You very much.

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Amit ChahalJan 15, 2026

Travel ke liye personal loan liya tha

Mai bohot din se out of India ghumne jana chahti thi lekin jab jane ka time mila toh budget kaam padh raha tha, Paisabazaar se personal loan leke bht acha trip kiya. Maza agaya. Mere upar koi burden bhi nhi padha

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Tarini RoyJan 14, 2026

Easy personal loan available

Took personal loan. Good experience.

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Ruchika TiwariJan 14, 2026

Stress-free Laon Borrowing Process

There was a complication with my KYC verification. Paisabazaar’s Shazeb handled it swiftly and professionally. He ensured that I received regular updates, explained the resolution steps clearly, and most importantly, resolved the issue quickly. His prompt assistance and communication made the entire experience smooth and stress-free. Thanks to his efforts, the loan process was completed without further delays.

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Abhishek ThakuraJan 14, 2026
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