HDFC Bank Consumer Durable Loans

HDFC Bank EasyEMI on Consumer Durable Loans Highlights
Interest Rates	Based on credit assessment
Tenure	6 months – 4 years (for HDFC EASYEMI on Consumer Loans facility) 3 months – 2 years (for HDFC Bank No Swipe EMI facility)
Minimum Loan Amount	Rs. 10,000 (under HDFC EASYEMI on Consumer Loans facility)
Maximum Loan Amount	Under HDFC EASYEMI on Consumer Loans facility: Consumer Durables: Rs. 5 Lakh Lifestyle Products: Rs. 15 Lakh
Processing Fees	Up to Rs 749 + GST
Security	Nil

Note: Data as of 25 August 2025

 

Availing EasyEMI facility on HDFC Consumer Durable Loans will allow customers to convert their purchases into EMIs without down payment and excessive documentation. The facility is available for both online and in-store purchases. HDFC Bank’s EasyEMI on Consumer Loans also comes with instant approval and processing. Hence, you do not need to delay your purchase.

HDFC Consumer Durable Loan Interest Rate for EasyEMI

HDFC Consumer Durable Loan interest rates are set on the basis of the borrower’s repayment capacity, credit score, cost of the product purchased, etc.

Comparison of HDFC Bank Consumer Durable Loan vs Other Lenders

The following table compares consumer durable loan options offered by top lenders including HDFC Bank:

Comparison Criteria	HDFC Bank	IDFC First Bank	Tata Capital
Interest Rate	Based on credit assessment	0%	0%
Tenure	Up to 36 months	Up to 36 months	Up to 24 months
Loan amount	Up to Rs. 15 lakh	Up to Rs. 5 lakh	Up to Rs. 5 lakh
Processing Fee	Up to Rs. 749	Nominal; case by case basis	Up to Rs. 10,030

Eligibility Criteria for HDFC EasyEMI

• The EasyEMI facility on HDFC Consumer Durable Loan is pre-approved for HDFC Bank customers
• HDFC Bank customers can check their eligibility by sending an SMS ‘MYHDFC’ to ‘5676712’
• The EasyEMI facility on HDFC Consumer Loans is for:
  • Salary account holders between the ages of 21 and 60 years with a minimum monthly income of Rs. 15,000 (for HDFC Bank Salary Account Holders) and Rs. 18,000 (for others)
  • Self-employed individuals between the ages of 26 and 65 years with annual ITR of Rs. 1.5 lakh

Fees and Charges for HDFC Bank EasyEMI

Particulars	Charges
Cheque Bounce Charges	2%, subject to a minimum of Rs. 550
Late Payment Fee (non-payment or partial payment of EMI outstanding)	Rs. 550, irrespective of the EMI outstanding
Pre-closure charges	3% of the balance principal outstanding

Terms & Conditions

• Customers can also avail cashback on purchases made through this facility. However, the cashback will be posted for all eligible customers post the clearance of three successful EMIs and will not be applicable if any of the subsequent three EMIs gets bounced.
• Customer is eligible to foreclose the loan post payment of three EMIs.

Documentation for HDFC EasyEMI

• Proof of Identity (Aadhaar Card, Passport, Driving License, Voter’s ID Card, etc.)
• Proof of Address (Aadhaar Card, Passport, Driving License, Latest Utility Bills, etc.)
• Proof of Income
  • for Salaried (Salary Slips, Statements of the Bank Account where the Salary gets credited, Form 16, etc.)
  • for Self Employed (Income Tax Returns, Bank account statements, etc.)

HDFC Bank No Swipe EMI Payments

HDFC Bank No Swipe EMI Payments Highlights
Interest Rates	Based on credit assessment
Tenure	3 to 24 months
Loan Amount	100% financing
Processing Fees	Rs 199 + GST
Down payment	Nil

HDFC Bank offers ‘No Swipe EMI Payments’ facility to its pre-approved customers. The facility allows customers to convert their purchases made from HDFC Bank’s partner stores and online merchants into EMIs. Eligible customers can make purchases by providing their registered mobile number and PAN card details only. This implies that no debit or credit card(s) and documentation are required at the time of purchase.

How does it work?

• Visit a store and select a product.
• At the billing counter, opt for the No Swipe EMI option.
• Provide your 10-digit mobile number and PAN number.
• You will receive an OTP, share it with the retailer.
• Your transaction will be completed successfully.

HDFC Bank Consumer Durable Interest Rate for No Swipe EMI Payment

The interest rates on HDFC Consumer Durable Loans are offered on the basis of the borrower’s repayment capacity, credit score, cost of the product purchased, etc.

Eligibility Criteria for HDFC Bank No Swipe EMI Payment

• HDFC Bank’s No Swipe EMI option is extended only to its select pre-approved customers.
• Check your eligibility by sending ‘No Swipe EMI’ to ‘7065970659’ from your bank’s registered mobile number

Documentation for HDFC Bank No Swipe EMI Payment

No documentation is required to avail this facility. Customers only need to share their mobile number and PAN number with the retailer.