HDFC Home Loan EMI Calculator

HDFC Home Loan - Lowest EMI is Rs. 769 per lakh

Last Updated 29th Mar 2017
  • Get monthly EMI as low as Rs. 769 per lakh with HDFC now offering home loans with loan tenure upto 30 years.
  • Lowest home loan interest rate currently offered by HDFC is 8.50%, for which the EMI per Rs. 1 lakh loan amount comes to Rs. 985 for a 15 year loan and Rs. 868 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
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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. 769 per lakh, to make it more affordable and convenient to meet your needs. Lowest Rate of interest offered by HDFC on Home Loan is 8.50%.
  • Loan Tenure
    Loan Amount (Rs.) 15 years20 years30 years
    2,500,000 24,61821,69619,223
    5,000,000 49,23743,39138,446
    7,500,000 73,85565,08757,669
    10,000,000 98,47486,78276,891
  • 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 8.50%, which is linked to HDFC 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.
HDFC Home Loan EMI Calculator News - Mar 2017
28th Mar 17 HDFC Ltd closes issue of masala bonds
HDFC Ltd has successfully closed its masala bonds issuance by raising Rs 3,000 crore of funding. with the bonds has a maturity period of three years carrying an interest rate of 7.35 percent payable, semi annually.
23rd Mar 17 HDFC Ltd to raise Rs. 1,498 crore via debentures
HDFC Ltd is planning to raise funds of Rs. 1,498 crore by issuing secured redeemable non-convertible debentures. The bonds in form of non convertible debentures with a maturity period of three years will carry a coupon rate of 7.78 percent payable annually. The NBFC is planning to utilize the funds for refinancing the housing business and to expand its capital resources.
15th Feb 17 HDFC Ltd to raise Rs. 5,000 crore via Masala Bonds
HDFC Ltd is planning to raise funds worth Rs. 5,000 from international investors via Masala Bonds. The bonds with a tenure of three years are expected to be issued in FY17. The bank plans to utilise the funds for funding growth in its home loan business.
31st Jan 17 HDFC Ltd registers a 12 percent growth in its net profit during third quarter of FY17
HDFC Ltd has reported a growth of 12 percent in its net profit at Rs. 1,701 crore in third quarter of FY17 as compared to Rs. 1,521 crore for the corresponding period a year ago. The increase in profitability is contributed by the healthy growth in net interest income. Loan disbursements to individuals grew by 14 percent during the quarter.
30th Jan 17 HDFC Ltd is expected to register a decent growth in its net profit in FY17
Analysts at CNBC have forecasted a decent growth in net profit of leading housing finance company, HDFC Limited in third quarter of FY17. As per the polls, the bank is expected to witness a growth of 11 percent in its net profit to Rs. 1,681 crore on a year on year basis. The housing finance company is yet to announce its Q3 results of FY17.
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