Personal Loan Eligibility Criteria

    Employees working in private limited companies and public sector undertakings, which include central, state, and local government bodies

  • Individuals aged 21 to 60 years

  • People who have been employed for at least 2 years, with at least 1 year at their current job

  • Those with a minimum net monthly income of ₹25,000.

Click here to read more about the HDFC Bank Personal Loan

Apply now for a Personal Loan

Click here for the most important Terms and Conditions

Disclaimer: Terms and conditions apply. Personal Loan approvals are at the sole discretion of HDFC Bank Limited and are subject to documentation and verification as per the Bank's requirement. Interest rates are subject to change. Please check with your RM or closest bank branch for current interest rates.

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  • Age: 21 to 60 years
  • Employment: 
    • Employees of private limited companies
    • Employees of public sector undertakings (central, state, and local bodies)
  • Work Experience: Minimum of 2 years of total work experience, with at least 1 year in the current organisation.
  • Income: Minimum monthly net income of ₹25,000.

Frequently Asked Questions

Personal Loan eligibility includes employees from private limited companies and public sector undertakings, covering central, state, and local government bodies. Applicants should be between 21 and 60 years old, have at least two years of employment with a minimum of one year at their current job, and earn a net monthly income of at least ₹25,000.

Applicants must be between 21 and 60 years old, have a minimum of two years of employment experience, with at least one year at their current job, and earn a net monthly income of ₹25,000 to be eligible for a Personal Loan of ₹30 lakh.

HDFC Bank offers loans up to ₹40 lakhs with repayment terms ranging from 12 to 60 months. EMIs start at ₹2,162 per lakh. If you meet the eligibility criteria for a Personal Loan and are looking to manage your debt, this option could be beneficial for you.

Personal Loan eligibility calculation uses six factors to determine your eligibility, they are your:

  • Geographic location

  • Monthly Income

  • Ownership of property.

  • Existing credit.

  • Employer.

  • Credit history.

You can also use Personal Loan eligibility calculators online for the calculation.

To qualify for a Personal Loan at HDFC Bank, you must meet these criteria.

  • You need to be an employee of a private limited company or an employee in a public sector undertaking, including central, state and local bodies.

  • You need to be between the ages of 21-60 years.

  • You need to have a job for at least two years, with a minimum of 1 year with your current employer.

  • You need to have a minimum net income of ₹25,000 per month.

The minimum salary is ₹25,000 per month.

You can use the HDFC Bank Personal Loan eligibility calculator on the HDFC Bank Site to check if you are eligible. Click here.

To be eligible for a Personal Loan, you must be between the ages of 21 to 60.

To apply for a Personal Loan, you need a minimum credit score of 720 to be eligible for Personal Loans. The credit score varies from bank to bank.

The factors that affect the eligibility of Personal Loans are

  • Credit Score – A credit score above 720 is ideal for Personal Loans.

  • Income – It plays a vital role in the approval of the loan amount.

  • Repayment history- If you have a good track record of repayment with previous loans, approval of the loan is faster and easier.

The best way to improve your Personal Loan eligibility is by maintaining a healthy repayment history.

No, self-employed individuals are not eligible for a Personal Loan. They can opt for a Business Loan. Click here to check more.