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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 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

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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

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

Apply Now

Avail Personal Loan for
All Your Needs

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Avail Personal Loan for
All Your Needs

FAQs

At what interest rates can I avail a 20 lakh personal loan from HDFC Bank?

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

What is the interest cost for HDFC Bank 20 lakh personal loan for a tenure of 5 years?

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

At what minimum credit score can I avail a 20 lakh personal loan from HDFC Bank?

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.

What is the EMI of 20 lakh personal loan from HDFC Bank for a tenure of 3 years?

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

Smooth & hassle-free loan approval experience

I want to express my gratitude for your exceptional support & guidance throughout my loan application process to Aman (EW17239). Your professionalism & clear communication made the journey smooth and manageable. I appreciate how you helped during loan approval & fast-tracked the documentation. It is rare to find someone so committed to their clients. I truly value the effort you put into ensuring a successful outcome. Thanks again for your invaluable help.

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Sanjay Kumar GuptaMar 30, 2026

Exceptional guidance throughout the process

I’d like to express my sincere appreciation for Mr. Aman Kumar (EW32023) for the excellent assistance provided. His professionalism & willingness to help made the experience smooth & pleasant. Aman Kumar demonstrated patience & clarity while addressing queries and ensured that everything was handled efficiently. Such dedication & customer-focused service truly deserve recognition. Please convey my thanks and appreciation to him for his outstanding support.

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Jyotirmoy SinghaMar 23, 2026

Very helpful and easy to reach

I really wants to appreciate Mohankumar Dhandapani for closing my loan requirement in such a short time and nice manner. He is very much approachable helped me based on my requirements. He explained me all the options in very short time even one option failed immediately helped me to get other options worked. Excellent job done by Mohankumar Dhandapani all the best keep you same way approachable you will get more customers. Thanks to Paisabazar too.

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Kirubagaran GanesanFeb 24, 2026

Reliable help when i needed it most

I am writing this email to express my sincere thanks for your excellent support and guidance on Paisabazaar. My experience was very smooth and satisfying because of your help. You explained everything clearly and made the whole process easy and comfortable for me. I truly appreciate your professionalism, patience, and quick response. I am very happy with the service and would definitely recommend to others because of the great support I received from you. Thank you once again

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DharmeshFeb 22, 2026

Committed support that made everything easy

I’d like to appreciate the Paisabazar team for the excellent loan service. I especially want to recognize one of your agents, Mr. Prince Kumar, for his outstanding support. For more than a month, he continuously followed up with me and assisted me. His commitment & professionalism made the experience smooth & hassle-free. I appreciate his efforts and dedication. Kindly acknowledge his performance and consider rewarding such a sincere employee.

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BhupendraFeb 18, 2026

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

Easy loan approval with good guidance

Thank you for the support provided for getting personal loan approval. During this process I worked with Mr. Aman Bajpai (EW17239) who was co-ordinator for this entire process of Personal loan, I was incredibly impressed by his efficiency and problem-solving skills. He went out of their way to ensure all my questions were answered and that the disbursement timeline stayed on track. His coordination was really appreciable.

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Riyaj AtarFeb 9, 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
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Anubhuti Agrawal profile
Written ByLinkedIn icon
Anubhuti Agrawal
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Shamik Ghosh

Paisabazaar is a loan aggregator and is authorized to provide services on behalf of its partners.

The APR (Annual Percentage Rate) of a personal loan is its annualised cost of borrowing, which includes the interest rate as well as the processing fees, documentation fees and other fees charged during the loan origination. The APR is expressed in the form of a percentage and thus, allows personal loan applicants to detect personal loan schemes offered at lower interest rates but with higher processing fees and/or other charges.

The APR of personal loans usually ranges between 11.29% to 35%. For example, assume that you have availed a personal loan of Rs. 5 lakhs @ 10.50% p.a. with a repayment tenure of 5 years. The processing fee charged for this loan is 1.5% of the loan amount, which amounts to Rs 7,500. Therefore, the total borrowing cost of your personal loan will be Rs 1,52,317 and its APR will be 11.16%.

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