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HDFC Bank Personal Loan Eligibility

Home Personal Loan HDFC Bank Eligibility

To be eligible for personal loans from HDFC bank, you must be 21 years of age, have a decent credit score (650+), employed with a reputed company and maintain a stable income. The personal loan eligibility criteria defined by banks and NBFCs is usually based on your credit score, income, employment status, employer’s profile, existing loans, etc.

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Updated: 22-04-2025 05:04:56 AM

HDFC Bank Personal Loan Eligibility Criteria (2025 Updated)

HDFC bank has drafted a set of criteria for availing personal loans. Applicants who meet the below-mentioned criteria are eligible for availing HDFC bank personal loans.

Particulars Criteria
Eligible Entities/Employment Employees of Private Limited Companies (PLCs) and Public Sector Undertakings (PSUs), including central, state and local bodies
Age Minimum 21 years and Maximum 60 years
Minimum Net Monthly Income Rs. 25,000
Work Experience At least 2 years, with minimum 1 year with current employer
Credit Score 650 or above

In addition to the mentioned eligibility criteria, HDFC bank may also consider your existing EMIs, credit card dues, Debt-to-Income (DTI) ratio and existing relationship with HDFC bank to determine your personal loan eligibility.

Who is Eligible for HDFC Bank Personal Loan?

Salaried individuals, self-employed professionals and non-professionals, women, senior citizens, pensioners and Govt. employees are eligible to apply for HDFC bank personal loans. The minimum age to apply for personal loan is 21 years at the time of loan application and maximum is 60 years at the time of loan maturity.

Factors that determine your Personal Loan Eligibility

HDFC bank considers various factors in determining your eligibility for personal loan, such as your monthly income, credit score, ownership of property, employer’s profile, existing credit (loans and credit cards, geographic location, etc.)

HDFC Bank Personal Loan Top-up Eligibility

To be eligible for a HDFC Bank Top-Up Loan, you should have paid minimum 6 EMIs on your existing personal loan, as well as should have a good credit score and repayment capability.

HDFC Bank Pre-approved Personal Loan Eligibility

To check whether you meet the eligibility criteria for HDFC bank pre-approved personal loan, you must visit Paisabazaar and check all the available pre-approved loan offers from various banks and NBFCs. Secondly, you may visit the HDFC bank’s branch, official website or call their customer care support to know about the pre-approved loans, if any. If you already are an HDFC bank customer, you can directly log in to your net banking account and check your eligibility online.

Also Check: HDFC Personal Loan Interest Rates

Documents Required

Find below the basic documents required by HDFC bank for loan processing, along with your loan application form.

Identity Proof / Address Proof: Copy of Aadhaar card, Voter ID, Passport, Driving License

Income Proof:

  • Last 3 months’ bank statement
  • Bank account passbook of previous 6 months
  • Last 2 months’ salary slips
  • Current dated salary certificate with the latest Form 16

How to Improve Your HDFC Bank Personal Loan Eligibility

Improving your personal loan eligibility can enhance the chances of your loan approval and help you secure lower interest rates. Find below some key points to consider improving your eligibility:

  • Maintain a credit score of 650 or above
  • Apply with a co-applicant or guarantor
  • Show higher or stable income
  • Improve and submit accurate documents
  • Choose shorter loan tenure
  • Reduce Debt-to-Income Ratio
  • Build stronger relationship with the bank

 

FAQs on HDFC Personal Loan Eligibility

What is the minimum credit score required for HDFC bank personal loan?

HDFC Bank requires an applicant’s minimum credit score of 650 or above to be eligible to apply for personal loans.

How can I check my eligibility for HDFC bank personal loan?

HDFC bank has provided a set of criteria for its personal loan eligibility based on applicant’s credit score, monthly income, age, employer’s profile, etc. If you meet all the criteria then you are eligible to apply for HDFC bank personal loan(s).

What is the minimum salary required for HDFC bank personal loan?

The minimum net monthly salary required to apply for HDFC bank personal loan is Rs. 25,000.

What is the minimum CIBIL score for HDFC bank personal loan eligibility?

The minimum credit score set by the HDFC bank to meet its eligibility criteria is 650. Any score above 650 and as close to 900 enhances the chances of loan approval.

How can I check if I am eligible for an HDFC bank pre-approved loan?

To check for the HDFC bank pre-approved loan offers, you need to visit Paisabazaar and check your pre-approved loan offers from leading banks/NBFCs. You can check, choose and apply online on Paisabazaar and avail personal loan at competitive interest rates.

Can I get a personal loan from HDFC bank without salary slips?

Yes, you can avail personal loan from HDFC bank without salary slips, only if you are a pre-approved customer or you are an existing HDFC bank customer with strong credit profile and high net monthly/annual income.

How many months do I need to wait before taking a top-up on my loan?

HDFC bank generally allows you to apply for a Top-up personal loan after you’ve paid at least 6 EMIs on your existing loan. Therefore, an ideal wait time is at least 6 months from the date of loan approval.

Can I apply for an HDFC bank personal loan with a low CIBIL score?

Yes, it is possible for you to apply for a HDFC bank personal loan with a low CIBIL score, but it comes with high interest rates and lower loan amount. You may be asked for additional documents during the loan verification process to furnish your financial stability and repayment capability.

Does having a salary account with HDFC bank improve eligibility?

Yes, maintaining a salary account with HDFC bank can considerably improve your personal loan eligibility. It helps you in easier income verification, competitive interest rates, higher loan approval chances and lower processing time.

 

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