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HDFC Home Loan Calculator

HDFC Housing Loan EMI Calculator

Last Updated 18th Oct 2021

  • HDFC home loan EMI per ₹ 1 Lakh is ₹ 645, which is one of the lowest EMI offered by banks. Check Best Offers
  • Housing loan EMI in HDFC is calculated based on loan amount, loan tenure and interest rate.
  • It is better to calculate your EMI for HDFC home loan before applying. Use an online HDFC loan EMI calculator to estimate your EMI.
  • Check HDFC home loan EMI for different tenures at the current HDFC home loan interest rate of 6.70%
  • Loan Amount10 Year Loan15 Year loan30 Year loan
    ₹ 10 Lakh₹ 11,457₹ 8,821₹ 6,453
    ₹ 20 Lakh₹ 22,914₹ 17,643₹ 12,906
    ₹ 30 Lakh₹ 34,370₹ 26,464₹ 19,358
    ₹ 50 Lakh₹ 57,284₹ 44,107₹ 32,264

    Jump to EMI Calculator

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HDFC Home Loan EMI Calculator Online

HDFC Home Loan EMI is the fixed amount that you need to pay on a fixed date of the month till the end of repayment tenure. The amount is based on your loan amount, tenure and interest rate. You can calculate your HDFC housing loan EMI in advance to plan your loan payments and expenses using a HDFC home loan calculator. HDFC home loan EMI calculator is an online tool that functions on a mathematical algorithm and gives accurate results without hassle.

Why should you use HDFC Home Loan EMI Calculator?

  • Calculate the EMI at Different Tenures: HDFC offers the lowest EMI per lakh at . To get the lowest EMI on your home loan, you can compare the EMIs with a different loan amount and tenure. However, it is advisable to check with the bank to know the interest rate you will be eligible for HDFC home loan.
  • Compare HDFC Home Loan EMI: With HDFC home loan EMI Calculator, you can also estimate EMI on your home loan from HDFC with other leading banks in India at the same loan amount and tenure at varying interest rates.
  • Get Detailed Amortisation Schedule: You can calculate the division of total EMIs into interest and principal repayment on your loan at different periods throughout the loan tenure.
  • Calculate the Outstanding Balance: Finally, you can also calculate the remaining loan tenure for the outstanding balance at any period of the loan tenure. If you want to reduce your home loan tenure, you can always consider a home loan balance transfer because other banks may allow you to pay your home loan at low rates.

HDFC Home Loan EMI Calculator to estimate the EMI that fits your budget

To calculate your home loan EMI at different rates and tenure, enter different loan amounts and tenure at the eligible interest rate on HDFC Home Loan EMI calculator. The below-mentioned table shows the calculation of HDFC Home Loan at the various combinations of loan amount and years at the lowest rate of 6.70%. Considering this example, if you think you can afford to pay an EMI of in your budget, take an loan for 15 years or loan for 30 years, maybe the right HDFC Home loan plan for you.

HDFC home loan EMI is calculated for different loan amounts and tenures at 6.70% interest rate
Loan Tenure
Loan Amount (Rs.) 15 years20 years30 years
₹ 25 Lakh ₹ 22,053 ₹ 18,935 ₹ 16,132
₹ 50 Lakh ₹ 44,107 ₹ 37,870 ₹ 32,264
₹ 75 Lakh ₹ 66,160 ₹ 56,805 ₹ 48,396
₹ 1 Cr ₹ 88,214 ₹ 75,739 ₹ 64,528

Benefits of using HDFC Home Loan EMI Calculator

HDFC Home Loan Calculator is online and gives instant results with 100% accuracy. The best part is that you can calculate and compare multiple EMIs on different combinations of loan amount, interest rate and tenure. Thus, using HDFC Home Loan EMI Calculator helps you to choose the right amount of EMI that is affordable and also decide on the right loan amount and loan tenure. Further, if you use the MyLoanCare HDFC Home Loan Calculator, you have the option to receive calculated EMIs and amortization schedules for each calculation by mail which can be referred to at a later stage when you are making the final decision to take a loan.

Factors Affecting HDFC Home Loan EMI

Home Loan EMI can be calculated using an online Home Loan Calculator which takes into account factors such as loan amount, rate of interest and the tenure for which you are planning to avail the loan.

Loan Amount

If you apply for a higher loan amount, you will have to pay a higher EMI HDFC gives a minimum home loan of ₹ 5,00,000 upto a maximum amount of ₹ 5,00,00,000.

Interest Rate

Higher interest rate increases your HDFC housing loan EMI which will increase the total cost of the loan. HDFC current home loan interest rate starts at 6.70%. Do a complete market research and compare rates and calculate EMI online using HDFC home loan calculator before you apply for a home loan.

Loan Tenure

This is the period in which you can repay your home loan in HDFC. Your EMI will be lower if you take a 0 years loan from HDFC as compared to a loan taken for 5 years. For a longer period, you get to pay a smaller EMI and vice-versa.

HDFC Home Loan EMI Calculator Formula

HDFC Home Loan Calculator calculates EMI based on the following formula.

P*r* (1+r)^n/([(1+r)^n]-1)

Here is an illustration of how HDFC Home Loan EMI calculator formulates EMI:

In above formula,

  • P = Loan amount. HDFC home loan amount can range from ₹ 5,00,000 to ₹ 5,00,00,000
  • r = Rate of interest per month. Current HDFC housing loan rate 6.70%.PLR
  • n = tenure in month. For HDFC, maximum home loan tenure is 360 months

Comparison of HDFC Home Loan EMI with other Banks

Bank Name Interest rate Loan Amount of ₹ 10 Lakh Loan Amount of ₹ 30 Lakh Loan Amount of ₹ 50 Lakh
HDFC 6.70% ₹ 6,453 ₹ 19,358 ₹ 32,264
ICICI Bank 6.70% ₹ 6,453 ₹ 19,358 ₹ 32,264
SBI 6.65% ₹ 6,420 ₹ 19,259 ₹ 32,098
LIC Housing Finance 6.66% ₹ 6,426 ₹ 19,279 ₹ 32,131
Axis Bank 6.65% ₹ 6,420 ₹ 19,259 ₹ 32,098

HDFC Home Loan Amortization Calculator

HDFC Home Loan amortization schedule gives a break up of your monthly EMI into interest and principal repayment. HDFC gives you a detailed amortisation schedule with the sanction letter and you can calculate the total interest outgo as well as the pace at which your loan amount will be repaid during the loan tenure.

How to read an amortization schedule

Suppose if you take a Home Loan of ₹ 30 Lakh for 10 years from HDFC at an interest rate of 6.70%. EMI calculated for this loan amount is ₹ 34,370 and the total annual EMIs to be paid annually is ₹ 4,12,446. The EMI schedule of loan for 10 years is explained below in the table –

Amortization Schedule for a Home Loan of ₹ 30 Lakh over the 10 years

Year Interest paid during the year Principal repaid during the year Total amount paid during the year (Interest + Principal) Outstanding Principal
2021 ₹ 49,954 ₹ 53,157 ₹ 1,03,111 ₹ 29,46,843
2022 ₹ 1,90,712 ₹ 2,21,734 ₹ 4,12,446 ₹ 27,25,109
2023 ₹ 1,75,391 ₹ 2,37,055 ₹ 4,12,446 ₹ 24,88,054
2024 ₹ 1,59,011 ₹ 2,53,435 ₹ 4,12,446 ₹ 22,34,619
2025 ₹ 1,41,500 ₹ 2,70,946 ₹ 4,12,446 ₹ 19,63,673
2026 ₹ 1,22,778 ₹ 2,89,667 ₹ 4,12,446 ₹ 16,74,006
2027 ₹ 1,02,763 ₹ 3,09,682 ₹ 4,12,446 ₹ 13,64,323
2028 ₹ 81,365 ₹ 3,31,080 ₹ 4,12,446 ₹ 10,33,243
2029 ₹ 58,489 ₹ 3,53,957 ₹ 4,12,446 ₹ 6,79,286
2030 ₹ 34,032 ₹ 3,78,414 ₹ 4,12,446 ₹ 3,00,873
2031 ₹ 8,462 ₹ 3,00,873 ₹ 3,09,334 -₹ 0

In the above illustration, on a HDFC Home Loan of₹ 30 Lakh, taken at the lowest interest rate of 6.70, EMI paid is ₹ 34,370 and an annual total of EMIs is ₹ 4,12,446, the interest component is ₹ 1,94,384 while the principal component is ₹ 2,18,061 in year 1 of loan disbursement. You repay only 7.27% of the total principal after paying 12 EMIs during the first year.

HDFC Home Loan EMI for ₹ 10 Lakh

The following table shows HDFC Housing Loan EMI for ₹ 10,00,000 for different tenures at an interest rate of 6.70%

Loan Amount Interest rate Tenure (Year) EMI
₹ 10,00,000 6.70% 5 Years ₹ 19,660
₹ 10,00,000 6.70% 10 Years ₹ 11,457
₹ 10,00,000 6.70% 15 Years ₹ 8,821
₹ 10,00,000 6.70% 20 Years ₹ 7,574
₹ 10,00,000 6.70% 0 Years

HDFC Home Loan EMI for ₹ 20 Lakh

The following table shows HDFC Housing Loan EMI for ₹ 20,00,000 for different tenures at an interest rate of 6.70%

Loan Amount Interest rate Tenure (Year) EMI
₹ 20,00,000 6.70% 5 Years ₹ 39,320
₹ 20,00,000 6.70% 10 Years ₹ 22,914
₹ 20,00,000 6.70% 15 Years ₹ 17,643
₹ 20,00,000 6.70% 20 Years ₹ 15,148
₹ 20,00,000 6.70% 0 Years

HDFC Home Loan EMI for ₹ 30 Lakh

The following table shows HDFC Housing Loan EMI for ₹ 30,00,000 for different tenures at an interest rate of 6.70%

Loan Amount Interest rate Tenure (Year) EMI
₹ 30,00,000 6.70% 5 Years ₹ 58,980
₹ 30,00,000 6.70% 10 Years ₹ 34,370
₹ 30,00,000 6.70% 15 Years ₹ 26,464
₹ 30,00,000 6.70% 20 Years ₹ 22,722
₹ 30,00,000 6.70% 0 Years

HDFC Home Loan EMI for ₹ 50 Lakh

The following table shows HDFC Housing Loan EMI for ₹ 50,00,000 for different tenures at an interest rate of 6.70%

Loan Amount Interest rate Tenure (Year) EMI
₹ 50,00,000 6.70% 5 Years ₹ 98,300
₹ 50,00,000 6.70% 10 Years ₹ 57,284
₹ 50,00,000 6.70% 15 Years ₹ 44,107
₹ 50,00,000 6.70% 20 Years ₹ 37,870
₹ 50,00,000 6.70% 0 Years

Other Loan Calculators Offered by MyLoanCare

FAQs

Will the HDFC home loan EMI remain constant or change in future?

No, your HDFC Home Loan EMI can change if you have taken a floating rate loan and there is a change in the repo rate to which the home loan rate has been benchmarked. However, if it is a fixed rate loan, the HDFC Home Loan EMI will remain unchanged throughout the loan tenure unless you request for a change in tenure or prepay your loan amount.

What happens in case of increase or decrease in HDFC interest rate?

HDFC offers both fixed and floating rate home loans. If you take a floating rate loan from HDFC, your interest rate and hence EMI will decrease with a cut in the repo rate and increase with an increase in repo rate on the date of reset. This means that your HDFC home loan EMI can keep fluctuating during the loan tenure depending on the changes in interest rates. In case of a fixed rate loan, your interest rate and EMI will remain constant throughout the loan period.

Will HDFC home loan EMI change in case of prepayment?

HDFC allows prepayment at nil charges in case of floating rate home loans. When you make a prepayment, the outstanding balance of the principal amount on your HDFC home loan reduces. In this case, you may choose to either keep the EMI same and reduce the loan tenure (that is paying off the loan faster) or reduce the EMI and keep the loan tenure the same (that is paying a lesser amount every month). It is beneficial to keep the HDFC home loan EMI constant and reduce the loan tenure as you pay less interest to the bank in this option. After prepayment, you can calculate your home loan EMI using HDFC home loan calculator.

Why should I calculate HDFC loan EMI before taking a loan?

It is advised to calculate HDFC home loan EMI before taking a home loan. There are several benefits of calculating your HDFC housing loan EMI which can be done using HDFC loan calculator HDFC housing loan EMI calculator as discussed below -

  • In case EMI comes out to be more than your monthly budget, then you have the chance to apply for a lower loan amount which fits your monthly budget and make HDFC EMI affordable.
  • If you already know the EMI you have to pay each month, then you can plan your spends accordingly
  • Based on the EMI amount, you can opt for making a prepayment of your home loan in the future when you have a surplus amount. You can calculate the aftermaths of prepayment using home loan emi calculator HDFC.

What is the EMI for home loan in HDFC?

The HDFC EMI will vary based on loan amount, tenure, rate of interest and can be calculated using HDFC home loan calculator. Based on the lowest rate of 6.70% and maximum tenure of 30 years, the HDFC home loan EMI for different loan amount will be:

Loan amount EMI
₹ 10 Lakh ₹ 6,453
₹ 12 Lakh ₹ 7,743
₹ 15 Lakh ₹ 9,679
₹ 30 Lakh ₹ 19,358
₹ 50 Lakh ₹ 32,264

You can compare HDFC home loan EMI for different loan amounts and tenure and then choose the loan amount based on your repayment capacity.

How accurate is a HDFC Housing Loan EMI calculator?

Online HDFC housing loan calculators use technology to calculate the results and hence, if the data entered by you is correct the results should be 100% accurate.The calculator works on a mathematical algorithm based on the formula: P*r* (1+r)^n/([(1+r)^n]-1). Here, P is the loan amount, r is the rate of interest per month and n is the tenure in month. The HDFC home loan emi calculator is far better than manual calculations , as chances of error are less.

How to pay your HDFC Home loan EMI Online?

To pay the EMI of HDFC home loan, you can log in to your net banking account as provided during the time of availing the loan and pay using your savings account or debit/credit card. You can also visit the branch and submit the cheque of your EMI.

How is HDFC home loan EMI calculated?

The HDFC Home loan EMI calculation formula is as follows:
E = [P x R x (1+R)^N]/[(1+R)^N-1] where
‘E’ means Equated monthly instalments
‘P’ means the principal amount
‘N’ is the number of monthly instalments
‘R’ is the interest rate per month.

What is the EMI for ₹ 10 Lakh home loan in HDFC?

You can use a 10 lakh home loan emi calculator HDFC, to determine different EMI for different tenures. Let`s understand with examples:-

Loan amount Interest rate Tenure EMI
₹ 10 Lakh 6.70% 10 years loan ₹ 11,457
₹ 10 Lakh 6.70% 15 years loan ₹ 8,821
₹ 10 Lakh 6.70% 20 years loan ₹ 7,574

What is the EMI for ₹ 20 Lakh home loan in HDFC?

You can use a 20 lakh home loan emi calculator HDFC, to determine different EMI for different tenures. Let`s understand with examples:-

Loan amount Interest rate Tenure EMI
₹ 20 Lakh 6.70% 10 years loan ₹ 22,914
₹ 20 Lakh 6.70% 15 years loan ₹ 17,643
₹ 20 Lakh 6.70% 20 years loan ₹ 15,148

What is the EMI for ₹ 30 Lakh home loan in HDFC?

You can use a 30 lakh home loan emi calculator HDFC, to determine different EMI for different tenures. Let`s understand with examples:-

Loan amount Interest rate Tenure EMI
₹ 30 Lakh 6.70% 10 years loan ₹ 34,370
₹ 30 Lakh 6.70% 15 years loan ₹ 26,464
₹ 30 Lakh 6.70% 20 years loan ₹ 22,722

What is the EMI for ₹ 50 Lakh home loan in HDFC?

You can use a 50 lakh home loan emi calculator HDFC, to determine different EMI for different tenures. Let`s understand with examples:-

Loan amount Interest rate Tenure EMI
₹ 50 Lakh 6.70% 10 years loan ₹ 57,284
₹ 50 Lakh 6.70% 15 years loan ₹ 44,107
₹ 50 Lakh 6.70% 20 years loan ₹ 37,870

What is the EMI for a 25 lakhs home loan in HDFC and how is it calculated?

EMI for ₹ 25 lakhs will be as follows for three different tenure, as per 25 lakh home loan emi calculator HDFC:--

Loan amount Interest rate Tenure EMI
₹ 25 Lakh 6.70% 10 years loan ₹ 28,642
₹ 25 Lakh 6.70% 15 years loan ₹ 22,053
₹ 25 Lakh 6.70% 20 years loan ₹ 18,935

What is the EMI for 12 lakhs home loan in HDFC?

A borrower will pay ₹ 12,150 if he/she takes a loan for 12 years at an interest rate of 6.70%. The 12 lakh home loan emi HDFC may vary across HDFC home loan interest rate.

Compare Home Loan EMI of All Banks


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HDFC Home Loan News - Oct 2021
  • 2021-10-18 : HDFC Bank Posts 17.2 Percent Profits In Q2
    Private sector bank, HDFC Bank has posted a 17.6 percent rise in net profit at Rs 8,834.3 crore in the second quarter ended September 30, 2021. The lender had posted a net profit of Rs 7,513.1 crore in Q2 of 2020.
  • 2021-09-21 : HDFC Bank Introduce Festival Bonanza Offer
    HDFC Bank has come up with a festival bonanza offer which is valid till October 31, 2021. The lender has cut home loan interest rate to 6.70%, the special rate is linked to borrowers credit score.
  • 2021-07-12 : HDFC Ltd. retail disbursements allowed a 14% rise in advances for HDFC Bank
    HDFC Bank registered a 14.4% growth in its advances to over ₹11.47 lakh crore as of June 30 this year. Retail deposits grew by around 16.5% year-on-year, and wholesale deposits remained stable as compared to June last year. These retail disbursements included the home loans sourced from parent company HDFC Ltd. During the quarter, the bank purchased loans aggregating ₹5,489 crores through direct assignment under the home loan arrangement with Housing Development Finance Corporation Limited (HDFC Ltd.)
  • 2021-05-04 : HDFC cut its home loan rates to 6.75%
    HDFC reduced its home loan rates to 6.75%. The new home loan rates will be effective from 3 March 2021.
  • 2021-03-08 : HDFC cut its PLR to 16.05%
    HDFC reduced its Prime lending rate to 16.05%. The revised rates are effective from March 2021.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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