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HDFC Bank Personal Loan Documents Required

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To apply for HDFC Bank personal loan, applicants are required to submit certain documents. The HDFC personal loan document requirements include the online or hard copy HDFC loan application form, passport size photographs, and proof of identity, address and income. The documentation requirement may vary for pensioners, salaried individuals, and self-employed applicants.

  • Documents Required
  • Features & Benefits
  • Eligibility Criteria

HDFC Personal Loan Documents Required

If you are already a KYC-compliant customer of HDFC Bank, you can get a personal loan with no documentation. The HDFC Bank Personal Loans has simplified documentation procedures. From new customers, HDFC Bank requires the following documents for determining their personal loan eligibility.

Documents Required for Salaried Applicants

  • KYC Documents for proving the identity of the applicant - One document among the following should suffice to establish the identity.
    • Passport
    • Voter ID
    • Driving Licence
    • Aadhar Card
  • KYC Documents for proving the residential address of the applicant - One document among the papers listed below should be enough.
    • Passport
    • Voter ID
    • Driving Licence
    • Aadhar Card
  • Payslips for the previous 2 months showing the salary received or the latest salary certificate.
  • Bank statement of last 3 months.
  • The latest Form 16 is provided by the employer.
  • Passbook of last 6 months.

Documents Required for Self-employed Professional Applicants

  • KYC Documents for proving the identity of the applicant - One document among the following should suffice to establish the identity.
    • Passport
    • Voter ID
    • Driving Licence
    • Aadhar Card
  • KYC Documents for proving the residential address of the applicant - One document among the papers listed below should be enough.
    • Passport
    • Voter ID
    • Driving Licence
    • Aadhar Card
  • Last 2 salary slips.
  • Bank statements, tax returns, or a lease agreement for the business.

HDFC Personal Loan Features & Benefits

  • Loan amount up to Rs. 40 Lakhs.
  • Attractive rates of interest commencing from 10.75%.
  • Tenure up to 60 months.
  • Loan eligibility check online within one minute.
  • Pre-approved personal loans for HDFC Bank customers.
  • Other customers get approval within four hours.
  • Loan disbursal within one working day after the submission of the necessary documents.
  • Balance transfer of personal loans from other banks available.
  • 24X7 assistance via SMS, Phone Banking, Click2Talk, and Web Chat.
  • Get personal accident insurance coverage up to Rs. 8 Lakhs.
  • Critical illness insurance cover is available up to Rs. 1 Lakh.
  • Accidental hospitalization covers up to Rs. 8 Lakhs.
  • Accidental death or permanent disability cover up to Rs. 1 Lakh.

HDFC Personal Loan Eligibility

  • Salaried employees from Government departments, PSUs, and private limited companies.
  • Individuals in the age group of 21 and 60 are eligible.
  • The minimum work experience for a salaried person is 2 years with a continuous employment record of one year with the current employer.
  • The minimum salary/income of the individual should be Rs. 15,000. In cities like Mumbai, Chennai, Delhi, Hyderabad, Bengaluru, Kolkata, Cochin, Ahmedabad, and Pune, the minimum income should be Rs. 20,000.

HDFC Personal Loan Documents Required FAQs

Identity proof, address proof, bank statements of the last 3 months, and last 2 salary slips.

  • Salaried employees need to submit their last 2 salary slips along with their employer information as income proof.
  • If you are self-employed, you need to produce your recent bank statements, tax returns, or a lease agreement for your business as income proof.

Apart from common documents, like identity proof and address proof, self-employed applicants need to submit recent bank statements, tax returns, or a lease agreement of their business.

No documentation is required for HDFC pre-approved personal loans if you are an existing HDFC Bank customer and KYC compliant.

A pre-approved HDFC Bank customer can get the funds without documentation in just 10 seconds. Non-pre-approved HDFC Bank customers who have all the necessary documents can get the loan funds in 4 hours.

No, applicants are required to submit photo copies of their KYC documents.

Currently, HDFC Bank is not giving personal loans to pensioners.

A personal loan is useful for meeting expenses like medical, marriage, education, travel, and any other personal purpose. The borrower should ensure not to indulge in speculation activities.

Yes, HDFC Bank grants personal loans to both salaried employees and self-employed individuals.

Yes, clean personal loans are available only to borrowers with high credit ratings of more than 750. The rating also affects the individual interest rate offered on the personal loan. The higher the score, the lower the applicable rate of interest.