HDFC Home Loan EMI Calculator

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HDFC Home Loan EMI Calculator

Last Updated 19th Oct 16

HDFC Home Loan - Lowest EMI is Rs. 834 per lakh

  • Get monthly EMI as low as Rs. 834 per lakh with HDFC now offering home loans with loan tenure upto 30 years.
  • Lowest home loan interest rate currently offered by HDFC is 9.4%, for which the EMI per Rs. 1 lakh loan amount comes to Rs. 1,038 for a 15 year loan and Rs. 926 for a 20 year loan. Check the EMI for other tenures using the HDFC home loan EMI calculator on this page.

Home Loan EMI Calculator HDFC

HDFC Home Loan EMI Calculator

HDFC Home Loan EMI

  • Home Loan EMI (or equated monthly instalment) is a fixed amount of money paid by you to HDFC against the loan taken. This is towards repayment of your loan to the bank. Every month, it is due on a fixed day of the month till your loan is fully paid back.
  • With HDFC offering Home Loans with loan tenure upto 30 years, the loan EMI can be as low as Rs. 834 per lakh, to make it more affordable and convenient to meet your needs. Lowest Rate of interest offered by HDFC on Home Loan is 9.4%. You can check EMI for other tenures using our HDFC Home Loan EMI calculator.
  • Loan Tenure
    Loan Amount (Rs.) 15 years20 years30 years
    2,500,000 25,95523,14020,839
    5,000,000 51,91046,28141,678
    7,500,000 77,86569,42162,518
    10,000,000 103,82092,56183,357
  • This EMI consists of both interest payment and principal repayment. Though the EMI amount will remain constant, the principal component keeps increasing and on the other hand the interest component keeps reducing.

HDFC Home Loan EMI calculator formula

P*r* (1+r)^n/([(1+r)^n]-1)
Here is an illustration of how HDFC Home Loan EMI is calculated:
In above formula,
P = Loan amount. This can range from Rs. 1,500,000 to Rs. 100,000,000
r = Rate of interest per month. Current rate is 9.4%, which is linked to PLR
n = tenure in month. For HDFC, this can be 360 months

Will the HDFC home loan EMI remain constant or change in future? What happens in case of increase or decrease in interest rate?

  • Typically, the home loan EMI remains unchanged unless the customer requests for a change and the same is approved by HDFC subject to its eligibility conditions (note that nominal charges may apply for effecting a customer initiated change in EMI)
  • In case the floating rate of interest on your home loan increases, HDFC will typically keep the EMI constant but increase the loan tenure. So, you will pay the same EMI but for a longer duration. In case the interest rates increase to an extent that the revised loan tenure is more than the maximum permissible by HDFC, the bank may increase your EMI amount.
  • For partly disbursed loans availed under tranched EMI scheme, your loan EMI will increase with each disbursement.

Will home loan EMI change in case of prepayment?

  • HDFC allows prepayment at nil charges or penalty in case of floating rate home loans.
  • When you make a prepayment, the outstanding principal amount on your home loan reduces. In this case, you may choose to either keep the EMI the same and reduce the loan tenure (that is pay off the loan faster) or reduce the EMI and keep the loan tenure the same (that is pay lesser amount every month). It is beneficial to keep the EMI constant and reduce the loan tenure as you pay less interest to the bank in this option.
*My Finance Care Advisors Pvt. Ltd., or is a bank neutral multi bank platform that helps borrowers and bank customers compare loans and deposits of all banks in India at one place. Information carried at this website is based on perusal of public sources and should not be construed as an offer or solicitation or invitation to borrow or lend. The Company does not assure as to the correctness of information carried at the website. Lenders/ banks/ other parties may contact us at to provide corrections or updates. We may act as and/ or be associated with channel partners of banks and other sellers of financial products.
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HDFC Home Loan EMI Calculator News - Oct 2016
07th Oct 16 HDFC plans to raise 1500 cr in debt to augment capital
HDFC Ltd will raise 1500 crore by issuing debt securities on a private placement basis. The secured non convertible debentures will carry the coupon rate of 7.5 costs per annum. HDFC will start issuing debt securities on October 13 and will end on 12th October 2018.
10th Aug 16 HDFC Ltd. customers can directly access their CIBIL Score and Report on its website
HDFC has implemented the CIBIL Consumer Connect solution which will facilitate customers to purchase their CIBIL Score and Report directly from HDFC website. This move will bring transparency in the loan appraisal process as CIBIL report is an important parameter based on which banks and HFCs decide the eligibility of borrowers. The move is expected to improve customer satisfaction and increase awareness on credit discipline.
22nd Nov 15 HDFC Realty unveils online home auctions
HDFC has tied up with a website which allows customers to bid for houses at prices they are comfortable with.
03rd Nov 15 HDFC women home loan at 9.50%
HDFC offering discount of 5 bps to female borrowers as part of Nov-2015 festive offer. Floating rate home loan at 9.50%, TruFixed 2/ 3 year at 9.50% and TruFixed 10 year at 9.70%.
24th Oct 15 Festival Offer at 9.55%
HDFC festival offer home loan at 9.55% (any amount) for applications upto Nov 31, 2015 and first disbursement upto Dec 31, 2015.