diff --git a/changes/1880-rhuille.md b/changes/1880-rhuille.md
new file mode 100644
index 00000000000..46a87f16ead
--- /dev/null
+++ b/changes/1880-rhuille.md
@@ -0,0 +1 @@
+Add a new `frozen` boolean parameters. Setting `frozen=True` does everything that `allow_mutation=False` does, and also generate a hash function for the model i.e. `__hash__` is not `None`. This makes instances of the model potentially hashable if all the attributes are hashable. (default: `False`)
diff --git a/docs/usage/model_config.md b/docs/usage/model_config.md
index f847ad8c044..df8a69bbaae 100644
--- a/docs/usage/model_config.md
+++ b/docs/usage/model_config.md
@@ -26,6 +26,13 @@ Options:
 **`allow_mutation`**
 : whether or not models are faux-immutable, i.e. whether `__setattr__` is allowed (default: `True`)
 
+**`frozen`**
+
+!!! warning
+    This parameters is beta
+
+: setting `frozen=True` does everything that `allow_mutation=False` does, and also generate a hash function for the model i.e. `__hash__` is not `None`. This makes instances of the model potentially hashable if all the attributes are hashable. (default: `False`)
+
 **`use_enum_values`**
 : whether to populate models with the `value` property of enums, rather than the raw enum.
   This may be useful if you want to serialise `model.dict()` later (default: `False`)
diff --git a/pydantic/main.py b/pydantic/main.py
index 39437de4947..b2c3280e843 100644
--- a/pydantic/main.py
+++ b/pydantic/main.py
@@ -199,6 +199,13 @@ def validate_custom_root_type(fields: Dict[str, ModelField]) -> None:
         raise ValueError('__root__ cannot be mixed with other fields')
 
 
+def generate_hash_function(frozen, super_class):
+    def hash_function(self_: Any) -> int:
+        return hash(super_class) + hash(tuple(self_.__dict__.values()))
+
+    return hash_function if frozen else None
+
+
 UNTOUCHED_TYPES = FunctionType, property, type, classmethod, staticmethod
 
 # Note `ModelMetaclass` refers to `BaseModel`, but is also used to *create* `BaseModel`, so we need to add this extra
@@ -322,6 +329,7 @@ def __new__(mcs, name, bases, namespace, **kwargs):  # noqa C901
             '__custom_root_type__': _custom_root_type,
             '__private_attributes__': private_attributes,
             '__slots__': slots | private_attributes.keys(),
+            '__hash__': generate_hash_function(config.frozen, super().__class__()),
             **{n: v for n, v in namespace.items() if n not in exclude_from_namespace},
         }
 
diff --git a/tests/test_main.py b/tests/test_main.py
index 84d8c2142d1..8675226c3f8 100644
--- a/tests/test_main.py
+++ b/tests/test_main.py
@@ -388,6 +388,66 @@ class Config:
         assert '"TestModel" object has no field "b"' in exc_info.value.args[0]
 
 
+def test_not_frozen_are_not_hashable():
+    class TestModel(BaseModel):
+        a: int = 10
+
+    m = TestModel()
+    with pytest.raises(TypeError) as exc_info:
+        hash(m)
+    assert "unhashable type: 'TestModel'" in exc_info.value.args[0]
+
+
+def test_frozen_with_hashable_fields_are_hashable():
+    class TestModel(BaseModel):
+        a: int = 10
+
+        class Config:
+            frozen = True
+
+    m = TestModel()
+    assert m.__hash__ is not None
+    assert isinstance(hash(m), int)
+
+
+def test_frozen_with_unhashable_fields_are_not_hashable():
+    class TestModel(BaseModel):
+        a: int = 10
+        y: List[int] = [1, 2, 3]
+
+        class Config:
+            frozen = True
+
+    m = TestModel()
+    with pytest.raises(TypeError) as exc_info:
+        hash(m)
+    assert "unhashable type: 'list'" in exc_info.value.args[0]
+
+
+def test_hash_function_give_different_result_for_different_object():
+    class TestModel(BaseModel):
+        a: int = 10
+
+        class Config:
+            frozen = True
+
+    m = TestModel()
+    m2 = TestModel()
+    m3 = TestModel(a=11)
+    assert hash(m) == hash(m2)
+    assert hash(m) != hash(m3)
+
+    # Redefined `TestModel`
+    class TestModel(BaseModel):
+        a: int = 10
+
+        class Config:
+            frozen = True
+
+    m4 = TestModel()
+    assert hash(m) != hash(m4)
+
+
 def test_const_validates():
     class Model(BaseModel):
         a: int = Field(3, const=True)