HDFC Personal Loan Calculator

Yearly/monthly repayment schedule
MonthBeginning balanceEMIPrincipalInterestEnding Balance
MonthBeginning balanceEMIPrincipalInterestEnding Balance
EMI payable
Payable amount
Total Interest
Loan amount

What is the HDFC Loan EMI Calculator?

The HDFC loan EMI calculator is a easy-to-use tool that aids you in calculating equated monthly installments (EMIs) for various financial products. Whether considering a home loan, personal loan, two-wheeler loan, or auto loan, this simulated calculator can help you understand the EMI breakdown in an easy to comprehend format.

The HDFC loan EMI calculator lets you accurately estimate your monthly installments based on the loan amount, interest rate, and tenure. It allows you to adjust these factors and displays the updated EMI amount. It lets you plan your finances in a much better manner and choose an EMI option that meets your budgetary needs.

The online HDFC loan EMI calculator helps you determine your EMIs in an effective manner, allowing you to analyse your repayment capability.

There are several advantages related to using the HDFC loan EMI calculator. From saving time and effort to eliminating the risk of manual calculation errors, the loan EMI calculator remains a handy tool for financial planning. 

How Does a HDFC Loan EMI Calculator Work?

A loan EMI calculator makes the task of processing complex calculations related to EMIs for loans quite easy. On entering the loan amount, interest rate, and loan tenure, the calculator instantly computes the monthly payment using the standardised mathematical formula that works in the background. With adjustment of the loan amount, interest rate, and tenure it is possible for you to explore different scenarios to find the most suitable repayment plan.

What is the HDFC Loan EMI Calculator Formula?

The personal loan EMI is calculated using a standardised method that takes into consideration all the variables. The formula is as follows:

E = P x R x (1+R) ^N] / [(1+R) ^N-1]

In which,

E=Equated Monthly Installment

P=Principal loan amount

R=Rate of interest

N=Loan tenure in years

This standardised formula is used for the calculation of personal loan EMI. 

Example for HDFC Personal Loan Calculator

Let’s assume you take a personal loan of Rs 1,00,000 for a tenure of five years at an interest rate of 10% will equate to the following EMI amount.

E= 1,00,000 x 10 x (1+10) ^5] / [(1+10) ^5-1]

Therefore, the EMI = RS 2,124

HDFC Bank Amortization schedule

In this case the amortization schedule on a personal loan of Rs 10 Lakh. The interest rate is 6.5% every year and the tenure is 10 years or 120 months.


Principal (Rs)

Interest (Rs)


Balance to be paid





























































Th above table is indicative of the first 12 months of the loan tenure. The interest component will continu to reduce as the tenure progresses, while the principal component increases proportionately. 

How to Use the HDFC Loan EMI Calculator Online?

Using HDFC bank personal loan EMI calculator is a simple process, which takes no more than a few seconds. This can be done as follows:

  • Input the variables such as principal amount, loan tenure and rate of interest.
  • The EMI amount will be displayed within a few seconds

Benefits of Using a HDFC Loan EMI Calculator

Quick and accurate results: HDFC Bank Personal Loan EMI Calculator  provides the accurate equated monthly installment (EMI) amount within a few seconds

Helps in financial planning: Considering that the EMI amount for personal loans availed at fixed interest rates remains constant during the entire loan tenure, an individual can use an HDFC Personal EMI Calculator to know the amount they have to repay every month. This way, they can adjust their monthly expenses accordingly to adjust for the EMI amount.

Maintenance of healthy credit scores: Those who use the HDFC Bank Personal Loan EMI Calculator to calculate their monthly installments would be in a better position to manage their finances for loan repayments within the given tenure. The chances of defaulting on their EMIs are relatively lower for them, which will also aid in improving or maintaining their credit scores.

Improve personal loan eligibility: Banks or financial institutions generally approve the personal loan applications of those whose total EMI obligations, including the proposed personal loan EMI, are not more than 50-60% of their total monthly income. Using an HDFC Bank Personal Loan EMI Calculator will provide a good idea related to EMIs. So, the applicants exceeding the mentioned threshold would be able to reduce the EMI when making their loan application. In addition, this will also aid in improving the chances of personal loan approval.

How can HDFC personal loan EMI calculator help you?

The most essential pointer that a borrower should know before availing any credit is the EMI. Equated Monthly Instalment or EMI is the amount that a borrower has to pay every month towards the repayment of their credit. It can be a complicated calculation with multiple variables, which is why the HDFC personal loan EMI calculator online can be immensely helpful.

An online EMI calculator is accurate to the last decimal. It removes the possibility of any inaccuracy, which may be massively disadvantageous for the borrower. Know the exact amount you have to pay every month before availing a loan using this calculator.

EMI calculations can be lengthy and time-consuming manually. The EMI calculator provides one with accurate answers instantaneously.

The EMI calculation for each type of loan is different. HDFC bank personal loan calculator is specific only for personal loans.

You can input various loan amounts and check the EMI for those different amounts. You can then avail the appropriate loan amount based on your ability to repay.

Other Personal Loan EMI Calculator:
1. Personal Loan EMI Calculator
2. SBI Personal Loan EMI Calculator
3. ICICI Personal Loan EMI Calculator

Frequently Asked Questions

How can I use the EMI calculator to find the best loan for my needs?

An EMI calculator can be used to compare loans from different banks, as each bank charges its interest rate. The tenure may also vary from bank to bank. You must enter the borrowed amount, interest rate, and the tenure in the EMI calculator. You will be able to find the best bank for the personal loan, with the least EMI that matches your budget.

What do secured loans and unsecured loans mean?

A secured loan is secured against an asset, usually property. An unsecured loan is one where there is no asset offered as security. The best example of an ‘unsecured’ loan is the personal loan.

How long can I take to repay my personal loan?

The time allowed to repay your personal loan ranges from over 12 to 60 months. However, the vital thing to keep in mind is the time taken to repay the loan will directly affect the EMI. If you want to lower the EMIs, then you must take the loan for a longer period. But remember, a longer tenure of repayment means you will have to pay more interest.

Can I prepay my personal loan?

Personal loan outstanding amounts can be paid either in full pre-payment mode or in partial pre-payment mode. For a full prepayment, the entire loan amount can be settled in one single payment. For partial prepayment of your outstanding amount, you pay a part of the principal.

What is a credit report, and how important is it for the application of a loan?

A credit report is used by financial institutions to access the capacity to repay a loan. It considers the details of your previous borrowing, how much outstanding credit you have, as well as information on how many missed or late payments you may have made.

Does the Personal Loan EMI Calculator use the flat balance or reducing balance interest calculation method?

In the flat balance method, the interest you pay on the personal loan would be calculated on the total loan amount over the entire duration of the loan. In the reducing balance method, the interest would be calculated for each successive month. The principal on which the interest would be calculated reduces with time as the duration of the repayment progresses. The online personal loan EMI calculator uses the reducing balance calculation method to calculate the personal loan EMI.

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