HDFC Home Loan EMI Calculator
The HDFC Home Loan EMI Calculator is a powerful tool that allows you to quickly calculate your monthly EMI payments for a home loan. Whether you’re purchasing a new property, constructing a house, or refinancing your existing loan, this calculator helps you plan your monthly repayments with ease.
What is a Home Loan EMI?
An EMI (Equated Monthly Installment) is the fixed monthly amount that you need to pay to HDFC Bank towards your home loan. This EMI consists of both the principal and interest components.
Formula for EMI Calculation
EMI = [P × R × (1 + R)^N] / [(1 + R)^N – 1]
- P = Principal loan amount
- R = Monthly interest rate
- N = Loan tenure in months
How to Use HDFC Home Loan EMI Calculator?
- Enter your loan amount
- Choose the applicable interest rate
- Select your preferred loan tenure
- Click the “Calculate” button to view the EMI, interest, and total repayment
Why Use the HDFC EMI Calculator?
- Instant EMI calculation without any complexity
- Helps you budget for your monthly repayment
- Provides you with a clear view of the interest and total repayment over the loan period
- Helps you compare different loan scenarios
HDFC Home Loan Features
- Loan amount up to ₹10 Crores
- Flexible tenure options up to 30 years
- Attractive interest rates starting from 8.60% p.a. (subject to change)
- Minimal processing fees and easy documentation
Example EMI Calculation
| Loan Amount | Interest Rate | Tenure | Monthly EMI |
|---|---|---|---|
| ₹40,00,000 | 8.60% p.a. | 20 years | ₹35,108 |
FAQs
Q: Does HDFC offer both fixed and floating rate home loans?
Yes, HDFC provides both fixed and floating rate options for home loans. The floating rate is more popular, as it fluctuates with market conditions.
Q: Can I prepay my HDFC home loan?
Yes, HDFC allows prepayment of home loans. The prepayment may or may not attract a fee depending on the loan terms.
Q: How can I calculate the exact EMI for my loan?
You can use the official HDFC Home Loan EMI Calculator by visiting
HDFC EMI Calculator.