HDFC Personal Loan of 5000

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Utsah Sharma

Utsah Sharma is a seasoned financial expert with a Master’s Degree in Commerce specialising in Financial Services, Investments, Loan Assessments, Mutual Funds, Banking & Loan products. Drawing on her experience, she has established herself as a trusted voice, providing invaluable insights and guidance to seasoned investors and beginners. She is committed to breaking down the complexities of everything finance.

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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.

An HDFC Bank personal loan of 5,000 readily fulfils a borrower’s personal financial obligations. The loan enjoys wide popularity for offering comfortable modes of settlement. A borrower can easily settle this personal loan in Equated Monthly Instalments (EMIs) that can be repaid in a maximum of 6 years.

Currently, the 5,000 loan interest rate starts at 10.50% p.a. Further, the higher the loan tenure, the higher will be the monthly repayment.

HDFC Bank 5,000 Personal Loan – Highlights

The HDFC Bank personal loan of 5,000 is available to borrowers at the following terms.

Loan Amount	₹5,000
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

5,000 Personal Loan EMI for Up to 5 Years

Based on the starting 5,000 loan interest rate of 10.50% p.a., here are the loan’s EMIs for up to 5 years.

Loan Tenure	Loan Amount	Interest Rate (p.a.)	EMI
1 Year	₹5,000	10.50%	₹441
2 Years	₹5,000	10.50%	₹232
3 Years	₹5,000	10.50%	₹163
4 Years	₹5,000	10.50%	₹128
5 Years	₹5,000	10.50%	₹107

Comparing 5,000 Personal Loans With Other Banks & NBFCs

Look at some other popular 5,000 HDFC personal loan offers available in the market today.

Bank Name	Interest Rate (p.a.)	Maximum Loan Tenure
Poonawala Fincorp	9.99% onwards	Five years
Axis Bank	10.49% onwards	Seven years
ICICI Bank	10.50% onwards	Seven years
State Bank of India	10.55% onwards	Six years
Bajaj Finserv	11% onwards	Eight years

5,000 HDFC Personal Loan – Fees and Charges

The following additional charges apply to the HDFC Bank personal loan of 5,000:

A processing fee of up to ₹ 4,999
A Goods and Services Tax (GST) of 18%
The bank also levies other charges like stamp duty charges and incidental charges

5,000 HDFC Personal Loan – Documents Required

The list of 5,000 personal loan documents for HDFC Bank customers is as follows:

Properly Filled Loan Application Form
KYC Documents: Identity Proof (Aadhar card/ Voter’s ID/ Valid Passport/ others) and Address Proof ( Utility bills, Aadhar Card, Voter ID, others)
Income Proofs: Salary slips/ Balance Sheet and P&L account

5,000 HDFC Personal Loan – Eligibility Criteria

The 5,000 personal loan eligibility for HDFC Bank borrows takes the following criteria into account:

Nature of Employment: Salaried/ Self-Employed/ Government Employee
Age Limit: 21-60 years
Minimum Income: 25,000 per month
Minimum Work Experience: 1 year at the current organisation and two years in general
Nationality: Indian