Unsecured Loans Revised Charges

We have an important update for you regarding your Personal Loan/ Business Loan. There is a revision in the Fees & Charges.

Prepayment charges have been renamed to Premature closure charges .

Premature closure charges
Product	Current Charges	Revised Charges
Business Loan (BL) / Self Employed Professional Loan (SEP)	Prepayment Charge (for full payment) :	Premature closure charges (for full payment) :
	Term Loan	Term Loan
	0-6 Months - Not Allowed	Up to 24 EMI repayment - 4% of principal outstanding,
	07-24 months - 4% of principal outstanding	Post 24-36 EMI repayment - 3% of principal outstanding,
	25-36 months - 3% of principal outstanding,	>36 EMI repayment - 2% of principal outstanding
	>36 months - 2% of principal outstanding	>36 EMI repayment - 2% of principal outstanding
	DOD Facility	DOD Facility
	0-6 Months - Not Allowed	0-24 months - 4% of existing operating limit
	07-24 months - 4% of existing operating limit	Post 24-36 months - 3% of existing operating limit,
	25-36 months - 3% of existing operating limit	>36 months - 2% of existing operating limit
	>36 months - 2% of existing operating limit
	GST and other Govt Taxes and Levies as applicable from time to time, would be charged additionally.	Premature closure charge would be applicable on the principal outstanding amount of the loan and on existing operating limit for BL DOD facility. GST and other Govt Taxes and Levies as applicable from time to time, would be charged additionally.
	NIL Prepayment Charges for full closure of fixed rate loan facility up to Rs. 50 lakhs availed by Micro & Small Enterprises, subject to closure of loan from own source.	NIL Premature Closure Charges for full closure of fixed rate loan facility up to Rs. 50 lakhs availed by Micro & Small Enterprises, subject to closure of loan from own source and submission of Udyam Registration Certificate prior to loan disbursal.

	Part Prepayment Charge (for partial payment) :	Premature closure charges (for partial payment) :
	Term Loan	Term Loan
		In case of BL/SEP Term Loan , partial premature closure would be allowed post servicing of 1st EMI , up to 25% of the Principal Outstanding. It is allowed only once in the financial year and twice during the entire loan tenure. Charges would be applicable as below on the part pre-payment amount.
	0-12 Months - Not Allowed	Partial premature payment is allowed post payment of first EMI.
	13-24 months - 4% of part payment amount,	Post 01 EMI and up to 24 EMI repayment - 4% of part payment amount.
	25-36 months - 3% of part payment amount,,	Post 24 EMI and up to 36 EMI repayment - 3% of part payment amount.
	>36 months - 2% of part payment amount.	Post 36 EMI repayment- 2% of part payment amount.
	Part-payment allowed after 12 EMIs , up to 25% of Principal Outstanding. It is allowed only once in the financial year and twice during the loan tenure.
	GST and other Govt Taxes and Levies as applicable from time to time, would be charged additionally.	Government Taxes and other levies as applicable, would be charged additionally.
	NIL Part Prepayment Charges for part prepayment of fixed rate loan facility up to Rs. 50 lakhs availed by Micro & Small Enterprises, subject to closure of loan from own source.	NIL Premature Closure Charges for partial closure of fixed rate loan facility up to Rs. 50 lakhs availed by Micro & Small Enterprises, subject to closure of loan from own source and submission of Udyam Registration Certificate prior to loan disbursal.

Personal Loan	Prepayment Charge (for full payment) :	Premature closure charges (for full payment) :
	Term Loan	Term Loan
	0-12 Months - Not Allowed	• Up-to 24 EMI repayment - 4% of principal outstanding,
	13-24 months - 4% of principal outstanding	• Post 24 EMI and up to 36 EMI repayment - 3% of principal outstanding,
	25-36 months - 3% of principal outstanding,	• Post 36 EMI repayment - 2% of principal outstanding.
	>36 months - 2% of principal outstanding	Premature closure charge would be applicable on the principal outstanding amount of the loan. GST and other Govt Taxes and Levies as applicable from time to time, would be charged additionally.
	GST and other Govt Taxes and Levies as applicable from time to time, would be charged additionally.

	Part Prepayment Charge (for partial payment) :	Premature closure charges (for partial payment) :
	Term Loan	Term Loan
	0-12 Months - Not Allowed	Partial Premature closure charges applicable on part payment amount. Partial premature payment is allowed up to 25% of Principal Outstanding, only once in the financial year and twice during the loan tenure.
	13-24 months - 4% of part payment amount,	Partial premature payment is allowed post payment of first EMI.
	25-36 months - 3% of part payment amount,,	• Post 01 EMI and up to 24 EMI repayment - 4% of part payment amount.
	>36 months - 2% of part payment amount.	• Post 24 EMI and up to 36 EMI repayment - 3% of part payment amount.
		• Post 36 EMI repayment- 2% of part payment amount.
	Part-payment allowed after 12 EMIs , up to 25% of Principal Outstanding. It is allowed only once in the financial year and twice during the loan tenure.	GST and other Govt Taxes and Levies as applicable from time to time, would be charged additionally.
	GST and other Govt Taxes and Levies as applicable from time to time, would be charged additionally.

Overdue EMI Interest charge (24% per annum on EMI Overdue ) has been withdrawn with immediate effect
Delayed instalment payment charge of 18% p.a. would be charged on overdue instalment amount for term loans + applicable GST / government taxes

All other fees and charges remain unchanged. You may refer to the below links for details :

Personal Loan : https://www.hdfcbank.com/personal/borrow/popular-loans/personal-loan/interest-rates-and-charges

Business Loan : https://www.hdfcbank.com/personal/borrow/popular-loans/business-loan/fees-and-charges

We assure you the best of our services always.

Revision in charges & fees structure of your Personal Loan/ Business Loan