HDFC Personal Loan of 1 Lakh

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Hepson Franklin

Hepson Franklin is a seasoned financial expert and accomplished writer specialising in Financial Services, Investments, Loan Assessments, Mutual Funds, Banking & loan products. With a wealth of experience in the financial industry, he has established himself as a trusted voice, providing invaluable insights and guidance to both seasoned investors and those new to the world of finance. With a comprehensive understanding of the intricate facets of the financial landscape, he is dedicated to demystifying complex financial concepts for readers of all backgrounds.

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Piyush Bothra

Chief Financial Officer, Square Yards

Piyush Bothra is the Chief Financial Officer at Square Yards, bringing over two decades of rich experience in finance and leadership. He is an MBA graduate from the prestigious IIM Lucknow and holds a BE in Information Technology from Sardar Vallabhbhai Patel Institute of Technology. He has played pivotal roles in scaling businesses and driving financial strategies. At Square Yards since 2015, Piyush is known for his strategic vision, strong financial knowledge, and valuable financial insights, significantly contributing to the company's growth and success.

Life can be difficult and unpredictable at times. In such situations, you may need an HDFC personal loan of 1 lakh rupees. This is an instant and multi-purpose personal loan that you can easily avail of online or by visiting your nearest bank branches. You can use the loan amount for any purpose at your discretion. It can typically include debt consolidation, home repair, medical emergencies, holiday spending, or even buying gadgets. Moreover, as a collateral-free financing option, you can obtain the necessary funds without pledging any of your assets as security. Let’s scroll down to learn more.

1 Lakh Personal Loan HDFC – Highlights

Let’s take a look at the key parameters of an HDFC personal loan of ₹1 lakh:

Highlights
Interest Rates	10.50% p.a. onwards
Processing Fees	Up to Rs 4999
Loan Tenure	1 to 6 years
Eligibility	Both salaried and self-employed individuals

1 Lakh Personal Loan EMI for 1- 5 Years

The following table illustrates the estimated EMIs for different tenures on an HDFC Personal Loan of ₹1 Lakh:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Interest Payable	Total Amount Payable
₹1 Lakh	10.50% p.a.	1 year	Rs 8,815	Rs 5,778	Rs 1,05,778
₹1 Lakh	10.50% p.a.	2 years	Rs 4,638	Rs 11,303	Rs 1,11,303
₹1 Lakh	10.50% p.a.	3 years	Rs 3,250	Rs 17,990	Rs 1,17,990
₹1 Lakh	10.50% p.a.	4 years	Rs 2,560	Rs 22,896	Rs 1,22,896
₹1 Lakh	10.50% p.a.	5 years	Rs 2,149	Rs 28,963	Rs 1,28,963

Compare 1 Lakh Personal Loan From Other Banks & NBFC

Let’s take a look at the comparison of HDFC Personal Loan of ₹1 Lakh with other leading banks and NBFCs in India.

Lender	Interest Rate (p.a.)	Processing Fee	Tenure
HDFC Bank	10.50% onwards	Up to Rs 4999	1 to 5 years
Axis Bank	10.49% onwards	Up to 2% of the loan amount	1 to 5 years
ICICI Bank	10.50% onwards	Up to 2.50% of the loan amount	1 to 6 years
IndusInd Bank	10.49% onwards	Up to 2.5% of the loan amount	1 to 5 years
IDFC First Bank	10.49% onwards	Up to 3.49% of the loan amount	1 to 5 years
Federal Bank	10.49% onwards	Up to 3% of the loan amount	1 to 5 years
Kotak Mahindra Bank	10.99% onwards	Up to 3% of the loan amount	1 to 5 years
Bajaj Finserv	11.00% onwards	Up to 3.93% of the loan amount	1 to 8 years
State Bank of India	11.05% onwards	1% of the loan amount	1 to 6 years
Punjab National Bank	11.75% onwards	1% of the loan amount	1 to 6 years

1 Lakh HDFC Home Loan – Fees and Charges

Following are the fees and charges for an HDFC Personal Loan of ₹1 Lakh:

Fee/Charge	Amount
Processing Fee	Up to Rs 4999
Premature Closure Charges (For Full Payment)	1) Up to 24 EMI repayments – 4% of principal outstanding. 2) Post 24 EMI and up to 36 EMI repayments – 3% of principal outstanding. 3) Post 36 EMI repayment – 2% of principal outstanding.
Delayed instalment payment charge	18% annual interest, plus government taxes on overdue instalments amount.
Repayment Mode Swap Charges	Rs 500
Amortisation Schedule Charges / Repayment Schedule Charges	Rs 50/- Per Instance
Stamp Duty & other statutory charges	As per applicable laws of the state
Loan cancellation Charges & Rebooking Charges	Rs 1000/- plus applicable taxes

1 Lakh HDFC Home Loan – Documents Required

₹1 lakh personal loan documents in HDFC are as follows:

Proof of Identity: PAN Card, Passport, Voter ID or Driving License.

Proof of Address: Recent copy of Utility Bills, Passport, Driving License or Aadhaar Card.

Proof of Income: Last 3 months’ bank statement

Proof of Employee: Last 2 months’ salary slips.

1 Lakh HDFC Home Loan – Eligibility Criteria

₹1 lakh personal loan eligibility in HDFC are as follows:

You must be aged between 21 and 60 years
You must have a minimum income of Rs.25,000 per month.
You must have at least 2 years of work experience.
You must have lived in your current residence for at least 1 year.
You must have a good credit score and repayment history.