HDFC Personal Loan of 4 Lakh

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Hepson Franklin
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.
Reviewed By
Amit Prakash Singh
Amit Prakash Singh
Co-Founder, Square Yards & Chief Business Officer, Urban Money
Amit Prakash Singh is the Chief Business Officer at Urban Money. With over nine years of experience at Square Capital, he has played a crucial role in establishing it as one of India's premier loan advisory services. Amit's deep financial insights and extensive knowledge have driven significant business growth and strategic advancements. He has successfully built and managed large sales teams, optimised costs, and created leaders within the industry. Amit's financial expertise and strategic vision are key to the ongoing success and expansion of Square Yards and Urban Money.

The HDFC Bank personal loan of 4 lakh can be used to settle a wide range of personal expenses. The loan offers ready financial assistance while offering flexible repayment options to its borrowers. A 4 lakh personal loan from the bank can be comfortably repaid in Equated Monthly Installments (EMIs).  

Loan tenure and interest rate play an important role in determining monthly repayments. The current HDFC 4 lakh loan interest rate starts at 10.50% p.a. Further, as the loan tenure increases, the monthly EMIs keep decreasing. 

HDFC Bank 4 Lakh Personal Loan – Highlights 

An HDFC Bank personal loan of 4 lakh is available at the following terms.

Loan Amount  4 lakh
Maximum Loan Tenure Up to 6 years
Rate of Interest (p.a.) 10.50%-25.00% p.a.
Pre-approved Loans  Available 
Collateral Requirement  NIL

HDFC 4 lakh Personal Loan EMI Up to 6 Years 

Here is the monthly EMI of the loan for up to 6 years. These calculations are based on HDFC’s starting 4 lakh loan interest rate of 10.55% p.a.

Loan Tenure Loan Amount Interest Rate (p.a.) EMI
1 Year 4 lakh 10.50% ₹35,259
2 Years  4 lakh 10.50% ₹18,550
3 Years 4 lakh 10.50% ₹13,001
4 Years 4 lakh 10.50% ₹10,241
5 Years 4 lakh 10.50% ₹8,598
6 Years 4 lakh 10.50% ₹7,512

Comparing HDFC 4 Lakh Personal Loan With Other Lenders

Here’s a quick comparison of an instant 4 lakh loan from HDFC Bank with other banks and NBFCs.

Bank Name Interest Rate (p.a.) Maximum Loan Tenure
Axis Bank 10.49% onwards Seven years
ICICI Bank 10.50% onwards Seven years
State Bank of India 10.55% onwards Six years
TATA Capital  10.99% onwards Six years
Bajaj Finserv 11% onwards Eight years

HDFC Bank 4 Lakh Personal Loan- Fees and Charges

Additional charges, besides the 4 lakh loan interest rate, apply to HDFC Bank’s home loans. These include:

  • A processing fee of up to ₹4,999
  • A GST of 18%
  • Additional charges like incidental charges, stamp duty charges and others

HDFC Bank 4 lakh Personal Loan- Documents Required

The following documents are required to successfully apply for an HDFC Bank Personal Loan of 4 lakh.

  • Duly filled loan application form
  • Identity Proof: Aadhar Card, Voter’s ID, Driver’s License, Valid Passport etc.
  • Residence Proof: Utility Bills, Aadhar Card, Voter’s ID, etc.
  • Income Proof: Salary slips for salaried employees/ Balance Sheet and P&L account for self-employed borrowers
  • Financial Documents: Bank Statements for the last three months

HDFC  Bank 4 Lakh Personal Loan- Eligibility Criteria 

The 4 lakh personal loan eligibility for HDFC Bank customers is as follows:

  1. Nature of Work: Salaried/ Self-Employed/ PSU Employees
  2. Age Limit: 21- 60 years
  3. Minimum Income:  ₹25,000 per month
  4. Minimum Work Experience: 2 years in total and one year of association with the current organisation
  5. Residential Status: Indian residents
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