A large reversible magnetocaloric effect accompanied by a second order magnetic phase transition from PM to FM is observed in the HoPd compound. Under the magnetic field change of and the refrigerant capacity RC for the compound are evaluated to be 20 J/(kg · K) and 342 J/kg, respectively. In particular, large (11.3 J/(kg · K)) and RC (142 J/kg) are achieved under a low magnetic field change of 0–2 T with no thermal hysteresis and magnetic hysteresis loss. The large reversible magnetocaloric effect (both the large -ΔSM and the high RC) indicates that HoPd is a promising material for magnetic refrigeration at low temperature.