HDFC Personal Loan EMI Calculator
The HDFC Personal Loan EMI Calculator is a user-friendly tool that helps you calculate your monthly EMI for personal loans offered by HDFC Bank. With just a few inputs, you can get an accurate estimate of your EMIs, total interest payable, and overall repayment amount.
What is a Personal Loan EMI?
An Equated Monthly Installment (EMI) is a fixed amount paid each month to repay your personal loan. It consists of both the principal and interest components and is spread across the loan tenure.
Formula Used to Calculate EMI
EMI = [P × R × (1 + R)^N] / [(1 + R)^N – 1]
- P: Principal loan amount
- R: Monthly interest rate (Annual Rate ÷ 12 ÷ 100)
- N: Loan tenure in months
How to Use HDFC’s EMI Calculator?
- Enter the loan amount you wish to borrow
- Choose your preferred loan tenure (in months)
- Enter the interest rate offered by HDFC
- Click on “Calculate” to view EMI, total interest, and total repayment
Features of HDFC Personal Loan EMI Calculator
- Quick, free, and accurate EMI computation
- No manual calculations required
- Helps plan your monthly budget
- Useful for loan comparison and financial planning
HDFC Personal Loan Highlights
- Loan amounts up to ₹40 Lakhs*
- Tenure options from 12 to 60 months
- Interest rates starting from 10.50% p.a.*
- Minimal documentation and fast disbursal
Sample EMI Calculation
| Loan Amount | Interest Rate | Tenure | Monthly EMI |
|---|---|---|---|
| ₹3,00,000 | 11.00% p.a. | 36 months | ₹9,816 |
FAQs
Q: Is the EMI fixed throughout the tenure?
Yes, for fixed-rate personal loans from HDFC Bank, the EMI remains constant throughout the loan period.
Q: Can I reduce my EMI by prepaying the loan?
Yes, HDFC allows prepayment after a certain period, which may reduce your outstanding balance and interest liability.
Q: Where can I use the official calculator?
Visit the official HDFC Personal Loan EMI Calculator here:
HDFC EMI Calculator