HDFC Personal Loan of 4 Lakh

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