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HDFC Home Loan EMI Calculator

HDFC Home Loan Calculator

Last Updated 03rd May 2022

  • HDFC home loan EMI per ₹ 1 Lakh is ₹ 665, which is one of the lowest EMI offered by banks. Check Best Offers
  • Housing loan EMI in HDFC is calculated based on the loan amount, loan tenure and interest rate.
  • It is better to calculate your EMI for the 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 7.00%
  • Loan Amount10 Year Loan15 Year loan30 Year loan
    ₹ 10 Lakh₹ 11,611₹ 8,988₹ 6,653
    ₹ 20 Lakh₹ 23,222₹ 17,977₹ 13,306
    ₹ 30 Lakh₹ 34,833₹ 26,965₹ 19,959
    ₹ 50 Lakh₹ 58,054₹ 44,941₹ 33,265

    Jump to EMI Calculator

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HDFC Housing Loan EMI Calculator

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 the HDFC home loan EMI Calculator online, 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 loan tenure period. 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.

How to Calculate EMI for Home Loan in HDFC?

To calculate your home loan EMI at different rates and tenure, enter different loan amounts and tenure at the eligible interest rate on the 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 7.00%. 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.

To calculate your home loan EMI at different rates and tenure, enter different loan amounts and tenure at the eligible interest rate on the 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 7.00%. 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 7.00% interest rate
Loan Tenure
Loan Amount (Rs.) 15 years20 years30 years
₹ 25 Lakh ₹ 22,471 ₹ 19,382 ₹ 16,633
₹ 50 Lakh ₹ 44,941 ₹ 38,765 ₹ 33,265
₹ 75 Lakh ₹ 67,412 ₹ 58,147 ₹ 49,898
₹ 1 Cr ₹ 89,883 ₹ 77,530 ₹ 66,530

Benefits of using HDFC Home Loan EMI Calculator

HDFC Home Loan interest 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 the 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 7.00%. Do a complete market research and compare rates and calculate EMI online using the 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 7.00%.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 7.00% ₹ 6,653 ₹ 19,959 ₹ 33,265
ICICI Bank 6.90% ₹ 6,586 ₹ 19,758 ₹ 32,930
SBI 6.65% ₹ 6,420 ₹ 19,259 ₹ 32,098
LIC Housing Finance 6.95% ₹ 6,619 ₹ 19,858 ₹ 33,097
Axis Bank 6.70% ₹ 6,453 ₹ 19,358 ₹ 32,264

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 ₹ 35 Lakh for 15 years from HDFC at an interest rate of 7.00%. EMI calculated for this loan amount is ₹ 31,459 and the total annual EMIs to be paid annually is ₹ 3,77,508. The EMI schedule of loan for 15 years is explained below in the table –

Amortization Schedule for a Home Loan of ₹ 35 Lakh over the 15 years

Year Interest paid during the year Principal repaid during the year Total amount paid during the year (Interest + Principal) Outstanding Principal
2022 ₹ 1,61,509 ₹ 90,163 ₹ 2,51,672 ₹ 34,09,837
2023 ₹ 2,34,147 ₹ 1,43,361 ₹ 3,77,508 ₹ 32,66,476
2024 ₹ 2,23,783 ₹ 1,53,724 ₹ 3,77,508 ₹ 31,12,751
2025 ₹ 2,12,671 ₹ 1,64,837 ₹ 3,77,508 ₹ 29,47,914
2026 ₹ 2,00,755 ₹ 1,76,753 ₹ 3,77,508 ₹ 27,71,161
2027 ₹ 1,87,977 ₹ 1,89,531 ₹ 3,77,508 ₹ 25,81,630
2028 ₹ 1,74,276 ₹ 2,03,232 ₹ 3,77,508 ₹ 23,78,398
2029 ₹ 1,59,584 ₹ 2,17,924 ₹ 3,77,508 ₹ 21,60,475
2030 ₹ 1,43,831 ₹ 2,33,677 ₹ 3,77,508 ₹ 19,26,797
2031 ₹ 1,26,938 ₹ 2,50,570 ₹ 3,77,508 ₹ 16,76,227
2032 ₹ 1,08,824 ₹ 2,68,684 ₹ 3,77,508 ₹ 14,07,544
2033 ₹ 89,401 ₹ 2,88,107 ₹ 3,77,508 ₹ 11,19,437
2034 ₹ 68,574 ₹ 3,08,934 ₹ 3,77,508 ₹ 8,10,503
2035 ₹ 46,241 ₹ 3,31,267 ₹ 3,77,508 ₹ 4,79,236
2036 ₹ 22,294 ₹ 3,55,214 ₹ 3,77,508 ₹ 1,24,022
2037 ₹ 1,814 ₹ 1,24,022 ₹ 1,25,836 ₹ 0

In the above illustration, on a HDFC Home Loan of₹ 35 Lakh, taken at the lowest interest rate of 7.00, EMI paid is ₹ 31,459 and an annual total of EMIs is ₹ 3,77,508, the interest component is ₹ 2,40,665 while the principal component is ₹ 1,36,843 in year 1 of loan disbursement. You repay only 3.91% 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 lakh home loan for different tenures at an interest rate of 7.00%

Loan Amount Interest rate Tenure (Year) EMI
₹ 10,00,000 7.00% 5 Years ₹ 19,801
₹ 10,00,000 7.00% 10 Years ₹ 11,611
₹ 10,00,000 7.00% 15 Years ₹ 8,988
₹ 10,00,000 7.00% 20 Years ₹ 7,753
₹ 10,00,000 7.00% 0 Years

HDFC Home Loan EMI for ₹ 20 Lakh

The following table shows HDFC Housing Loan EMI for ₹ 20 lakh home loan for different tenures at an interest rate of 7.00%

Loan Amount Interest rate Tenure (Year) EMI
₹ 20,00,000 7.00% 5 Years ₹ 39,602
₹ 20,00,000 7.00% 10 Years ₹ 23,222
₹ 20,00,000 7.00% 15 Years ₹ 17,977
₹ 20,00,000 7.00% 20 Years ₹ 15,506
₹ 20,00,000 7.00% 0 Years

HDFC Home Loan EMI for ₹ 25 Lakh

The table below shows HDFC Housing Loan EMI for ₹ 25 lakh home loan for different tenures at an interest rate of 7.00%

Loan Amount Interest rate Tenure (Year) EMI
₹ 25,00,000 7.00% 5 Years ₹ 49,503
₹ 25,00,000 7.00% 10 Years ₹ 29,027
₹ 25,00,000 7.00% 15 Years ₹ 22,471
₹ 25,00,000 7.00% 20 Years ₹ 19,382
₹ 25,00,000 7.00% 0 Years

HDFC Home Loan EMI for ₹ 30 Lakh

The following table shows HDFC Housing Loan EMI for ₹ 30 lakh home loan for different tenures at an interest rate of 7.00%

Loan Amount Interest rate Tenure (Year) EMI
₹ 30,00,000 7.00% 5 Years ₹ 59,404
₹ 30,00,000 7.00% 10 Years ₹ 34,833
₹ 30,00,000 7.00% 15 Years ₹ 26,965
₹ 30,00,000 7.00% 20 Years ₹ 23,259
₹ 30,00,000 7.00% 0 Years

HDFC Home Loan EMI for ₹ 50 Lakh

The following table shows HDFC Housing Loan EMI for ₹ 50 lakh home loan for different tenures at an interest rate of 7.00%

Loan Amount Interest rate Tenure (Year) EMI
₹ 50,00,000 7.00% 5 Years ₹ 99,006
₹ 50,00,000 7.00% 10 Years ₹ 58,054
₹ 50,00,000 7.00% 15 Years ₹ 44,941
₹ 50,00,000 7.00% 20 Years ₹ 38,765
₹ 50,00,000 7.00% 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 home 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 7.00% and maximum tenure of 30 years, the HDFC home loan EMI for different loan amount will be:

Loan amount EMI
₹ 10 Lakh ₹ 6,653
₹ 12 Lakh ₹ 7,984
₹ 15 Lakh ₹ 9,980
₹ 30 Lakh ₹ 19,959
₹ 50 Lakh ₹ 33,265

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.

Compare Home Loan EMI of All Banks


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HDFC Home Loan News - May 2022
  • 2022-05-03 : HDFC Profit Rises by 16% for Q4 of FY 2022
    Housing Development Finance Corporation has reported a 16% year-on-year rise in its standalone net profit for the March quarter to Rs 3,700 crore on the back of strong growth in loans and net interest income (NII).
  • 2022-04-04 : HDFC Ltd and HDFC Bank Announces Merger
    HDFC Ltd will merge with HDFC Bank, creating an entity with a combined market capitalisation of Rs 13.50 lakh crore. After the merger, HDFC Bank will be 100 per cent owned by public shareholders. The existing shareholders of HDFC Ltd will own 41 per cent of HDFC Bank.
  • 2022-03-23 : HDFC Ltd Registers a Record of Over 2 Lakhs Crore Home Loans
    HDFC Ltd has approved retail home loans for more than Rs 2 lakh crore in the current fiscal year, marking its highest ever in a financial year. Last year, the lender had processed home loans worth Rs 1.55 lakh crore.
  • 2022-01-04 : HDFC Assigns Loans Amounting to ₹27,591 Crore
    Housing Development Finance Corporation Ltd has assigned loans amounting to ₹27,591 Crore in the last year. The loans were ₹7,468 crores as compared to ₹7,076 crores in the corresponding quarter of the previous year.
  • 2021-11-02 : HDFC Bank Net Profit Rises By 32 Percent
    HDFC reported a 32 percent year-on-year (YoY) rise in net profit at Rs 3,780.5 crore. The lenders total revenue from operations rose 4.1 percent on-year to Rs 12, 215.95 crore in the quarter. The assets under management stood at Rs 5.97 lakh crore at the end of the September quarter as against Rs 5.40 lakh crore in the year ago quarter.
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