HDFC Bank Personal Loan [Interest Rate, Processing Fees, Tenure, Prepayment Charges 2023]

By | October 31, 2023
About HDFC Bank: HDFC is a versatile banking arm in India that can offer a variety of loans as per the requirements of its customers. You can easily meet all your financial needs by taking a loan from HDFC at reasonable interest rates and tenure.
It is considered the largest private sector bank in India in terms of net assets. It is also the 10th largest bank in the world by market capitalization. HDFC Bank was established in 1994 as a subsidiary of Housing Development Finance Corporation.
As India’s best bank, it has won many awards and accolades, including the Euromoney Award and the Financial Asia Country Award. In 2000, HDFC Bank merged with Times Bank, the first merger in the new generation banking sector.
Headquarters: HDFC Bank currently has a wide network spread across 2956 cities. The head office is located in Mumbai, Maharashtra. HDFC has two major subsidiaries of his, HDFC Securities and HDFC Financial Services, operating in Mumbai. The company also has two major foreign bank branches in Bahrain and Hong Kong. 
Number of employees: 4,444: HDFC has a workforce of 1,20,093 as of 2022. Mr. Atanu Chakraborty is the Sector Chairman. Shashidhar Jagdishan is the CEO and Managing Director of the company. And the company has Kaizad Barucha as Managing Director.  
Number of Branches and ATMs: HDFC Bank has a wide branch network with 5779 branches and 17,238 ATMs in 2956 cities. In addition to overseas branches, the bank has two representative offices in the United Arab Emirates and Kenya. HDFC also has subsidiaries such as HDFC Ergo, HDFC Life, HDFC Mutual Funds and HDFC Credila based in Mumbai.
Personal Loan Interest Rate: 10.25 to 17.00% per annum
Loan Amount: Minimum: Up to Rs.4 million
Maximum Tenure: Up to 7 years
Processing Fee: Rs. 2499 – 2.50% of Loan Amount + GST ​​
Upfront Fee: 4 of Capital % + GST ​​
Minimum monthly salary: Rs 18,000

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