HDFC Personal Loan EMI Calculator

Personal loans have become increasingly popular in India, with Indians availing a cumulative Rs. 5.89 Lakh Crore as of FY18. HDFC Bank, a significant player in the personal loan market, witnessed a remarkable growth rate, with its personal loan ledger expanding by 41% from FY17 to FY18, reaching Rs. 41,000 Crore.

Before opting for a personal loan from HDFC Bank, it s advisable to calculate your Equated Monthly Instalment (EMI) using an HDFC personal loan calculator.

HDFC Bank Personal Loan EMI Calculator
Loan Amount
   50,000 25,00,000 
Duration of Loan
Years
1
 1  Years Years 5
Interest Rate*i
*Rate of interest can vary subject to credit profile. Loan approval is at the sole discretion of the finance partner.
(P.A.)
%
 10  % % 30
EMI PER MONTH
₹4,396
Principal Loan Amount₹50,000
Interest Amount₹2,752
Payable Amount₹52,752

How can HDFC personal loan EMI calculator assist you?

  • right-arrowKnowing your EMI beforehand is crucial for borrowers. EMI, or Equated Monthly Instalment, is the fixed amount a borrower pays monthly towards repaying their loan. The online HDFC personal loan EMI calculator ensures accuracy, eliminating the risk of any inaccuracies that could be detrimental to the borrower.
    right-arrowManual EMI calculations can be time-consuming and prone to errors. The EMI calculator provides instant and accurate results, saving time and effort.
    right-arrowEMI calculation varies for different loan types. The EMI calculator is specifically designed for personal loans, offering precise calculations tailored to this type of credit.
    right-arrowWith the calculator, borrowers can input various loan amounts and determine the corresponding EMIs, helping them choose an amount aligned with their repayment capacity.

    • Formula for calculating personal loan EMI:

    The EMI for a personal loan is computed using the following standardized formula:
    E = P x R x (1+R)^N / [(1+R)^N-1]
    Where:
    • E = Equated Monthly Installment
    • P = Principal loan amount
    • R = Rate of interest
    • N = Loan tenure in years
    For example, a loan of Rs. 1,00,000 with a tenure of 5 years at an interest rate of 10% will yield the following EMI:
    E = 1,00,000 x 10 x (1+10)^5 / [(1+10)^5-1]
    Hence, EMI = Rs. 2,124

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    Frequently Asked Questions

    If I opt for the HDFC personal loan moratorium, will it impact my EMI?
    What factors may influence my EMI?
    What is the revised timeline for the HDFC COVID-19 EMI moratorium, as announced by RBI?
    Can I make prepayments on my HDFC personal loan?
    What penalties will I face for missing an EMI payment?