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Federal Bank vs HDFC Bank Personal Loan
HDFC Bank advertises the lower starting rate (9.99% vs 11.75%). On ₹5 lakh over 3 years that is about ₹14,986 less interest, or ₹416 less per month, at the starting rates.
| Federal Bank | HDFC Bank | |
|---|---|---|
| Starting interest rate | 11.75% | 9.99% |
| EMI for ₹5 lakh, 3 years | ₹16,548 | ₹16,131 |
| Total interest | ₹95,711 | ₹80,725 |
| Processing fee | Not stated | Up to ₹6,500 plus GST |
| Prepayment | Not stated | Foreclosure charge 4% up to 24 EMIs, 3% from 25 to 36 EMIs, 2% after 36 EMIs |
| Maximum tenure | - | - |
Source: Federal Bank official page, checked 2 November 2026.
Source: HDFC Bank official page, checked 2 November 2026.
These figures use the bank's advertised starting rate. Most borrowers are offered a higher rate depending on credit score, income and loan size, so treat the result as a best case.
Frequently asked questions
Which is cheaper, Federal Bank or HDFC Bank personal loan?
HDFC Bank advertises the lower starting rate (9.99% vs 11.75%). On ₹5 lakh over 3 years that is about ₹14,986 less interest, or ₹416 less per month, at the starting rates. Your actual rate may differ from the starting rate.