Personal Loan Calculator
Calculate Your EMI
Your Loan Details
Eligibility Check
To check your eligibility for HDFC Personal Loan, please provide your:
Interest rates start from 10.50% p.a.
Processing fee up to 2.5% of loan amount
Quick Disbursal
Get funds disbursed within 72 hours of approval for eligible customers.
Flexible Tenure
Repayment options from 12 to 84 months as per your convenience.
Competitive Rates
Attractive interest rates starting from 10.50% p.a.
What is the HDFC Personal Loan Calculator?
The HDFC Personal Loan Calculator is an online financial planning tool provided by HDFC Bank to help borrowers accurately estimate their monthly EMI (Equated Monthly Installment). It considers the principal loan amount, interest rate, and tenure to give an instant EMI breakdown, making it easier for you to plan your finances before applying for a loan.
Why You Should Use a Personal Loan EMI Calculator
Calculating your EMI manually can be time-consuming and prone to errors. The HDFC Personal Loan Calculator does the math for you in seconds and helps you:
- ✅ Get precise EMI figures
- ✅ Visualize total repayment and interest costs
- ✅ Experiment with different loan tenures and amounts
- ✅ Compare loan scenarios before applying
- ✅ Avoid financial stress by understanding monthly obligations
How to Use the HDFC Personal Loan Calculator
Using the tool is quick and intuitive. Here’s how it works:
- Enter Loan Amount – The total amount you wish to borrow (e.g., ₹2,00,000 to ₹40,00,000).
- Input Interest Rate – HDFC Bank typically offers personal loan rates starting from 10.50% to 24% p.a.
- Select Loan Tenure – Choose the duration (12 to 60 months) for repayment.
- View Results Instantly – The calculator displays:
- Monthly EMI
- Total Interest Payable
- Total Payment (Principal + Interest)
HDFC Personal Loan EMI Calculation Formula
To understand how the EMI is calculated, here’s the formula: EMI=P×R×(1+R)N(1+R)N−1EMI = \frac{P \times R \times (1 + R)^N}{(1 + R)^N – 1}EMI=(1+R)N−1P×R×(1+R)N
Where:
- P = Principal loan amount
- R = Monthly interest rate (Annual interest rate divided by 12 x 100)
- N = Loan tenure in months
Example:
For a loan of ₹5,00,000 at 12% interest for 36 months:
EMI = ₹16,607 (approximately)
Total Payment = ₹5,97,852
Total Interest = ₹97,852
Features & Benefits of HDFC Personal Loan
When planning a loan using the calculator, consider these benefits of HDFC personal loans:
- Loan Amount: ₹50,000 to ₹40,00,000
- Tenure: Flexible from 12 to 60 months
- Approval: Quick online approval and minimal paperwork
- Disbursal: Fast disbursal, often within 24 hours
- Prepayment Options: Part-prepayment and foreclosure available after certain periods
Factors Affecting Your HDFC Personal Loan EMI
- Loan Amount: Higher loan = higher EMI
- Interest Rate: Even a small variation can impact EMI
- Loan Tenure: Longer tenure = lower EMI, but higher total interest
- Credit Score: Better score = better interest rates
- Processing Fees & Charges: Include these for a complete cost analysis
Tips to Manage Your Loan Better
- 📊 Use the calculator to try different scenarios before applying
- 📉 Opt for shorter tenure if you can afford higher EMIs – it saves on interest
- 💳 Maintain a good credit score for better deals
- 📋 Always check prepayment terms and charges
Final Words
The HDFC Personal Loan Calculator is an essential tool for anyone planning to take a personal loan. It provides instant EMI estimates and helps you make informed financial decisions. Whether you’re borrowing for a wedding, education, or emergency, using this calculator ensures you stay within budget and repay comfortably.
👉 Try the official
<a href=”https://www.hdfcbank.com/personal/tools-and-calculators/personal-loan-emi-calculator” target=”_blank” rel=”noopener”>HDFC Personal Loan EMI Calculator</a>
to calculate your monthly EMI and plan your loan confidently.
