HDFC Personal Loan EMI Calculator

HDFC Bank Personal Loan Calculator

Lowest EMI on HDFC Bank Personal Loan - Rs. 2,189 per lakh
Last Updated 29th Nov 2016
Loan Tenure
Loan Amount (Rs.) 2 Years 3 Years 5 Years
100,000 Rs. 4,674 Rs. 3,288 Rs. 2,189
300,000 Rs. 14,023 Rs. 9,863 Rs. 6,566
500,000 Rs. 23,371 Rs. 16,438 Rs. 10,944
1,000,000 Rs. 46,743 Rs. 32,876 Rs. 21,887

HDFC Bank Personal Loan EMI Calculator Jan 2017

Factors affecting HDFC Personal Loan EMI

  • Borrower age should be between 21 years to maximum 60 years.
  • Maximum personal loan amount offered by HDFC Bank is upto Rs. 2,500,000.
  • Interest rates range from 11.29% to 20.00% depending upon customer profile, loan amount and other factors.
  • Processing fee in HDFC Bank may be 0.25% to 1.50% of loan amount.
HDFC Bank Personal Loan EMI Calculator
X
MyLoanCare

HDFC Personal Loan EMI

  • Personal Loan EMI (or equated monthly installment) is a fixed amount of money paid by you to HDFC Bank 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 Bank offering Personal Loans with loan tenure upto 5 years, the loan EMI can be as low as Rs. 2189 per lakh, to make it more affordable and convenient to meet your personal needs. Rate of interest offered by HDFC Bank are as low as 11.29%.
  • 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 Bank Personal Loan EMI Calculator Formula

P*r* (1+r)^n/([(1+r)^n]-1)
Here is an illustration of how HDFC Bank Personal Loan EMI is calculated:
In above formula,
P = Loan amount. This can range from Rs. 50,000 to Rs. 2,500,000
r = Rate of interest per month. Current rate is 11.29%
n = tenure in month. For HDFC Bank, this can be 60 months

HDFC personal loan EMI calculator - How it works?

  • This calculator calculates EMI considering a combination of loan amount, interest rate and loan tenure.
  • This calculator considers “reducing balance basis” and assumes that payment of EMI is made in arrears (means interest is charged for the month preceding the EMI payment date) and not in advance.

Personal Loan EMI - EMI Changes in case of prepayment

    In case you prepay your personal loan, the outstanding balance on your personal loan reduces. HDFC gives you two options:
  • Reduce your loan tenure and keep your personal EMI same
  • Reduce the amount of EMI and keep your loan tenure same
  • It is better to keep the EMI constant and reduce the loan tenure as you pay less interest to the HDFC in this option.

Frequently Asked Questions on HDFC EMI Calculator

What is the lowest EMI per lakh offered by HDFC Bank on personal loan?

HDFC Bank offers personal loan at 11.29% interest rate and hence lowest EMI on per lakh loan amount is Rs. 2,189.

Can I prepay my HDFC Bank personal loan?

HDFC Bank offers you an option of prepayment after 12 months at Prepayment charges vary by year: 2nd year - 4%; 3rd year - 3%, after 3 years - 2%.

Is there any processing charge on personal loan from HDFC Bank?

Personal Loan from HDFC Bank charges a processing fee of 0.25% to 1.50%.

HDFC Bank Personal Loan EMI Calculator Customer Care Number, Email, Application Status, Branches

City Customer Care Number
Agra 993-590-3333, loansupport@hdfcbank.com
Ahmedabad 079-61606161, loansupport@hdfcbank.com
Ambala 999-624-3333, loansupport@hdfcbank.com
Anand 079-61606161, loansupport@hdfcbank.com
Aurangabad 022-61606161, loansupport@hdfcbank.com
Bangalore 080-61606161, loansupport@hdfcbank.com
Bhilai 1860-266-6161, loansupport@hdfcbank.com
Bhilwara 987-500-3333, loansupport@hdfcbank.com
Bhiwadi 022-61606161, loansupport@hdfcbank.com
Bhopal 0731-6160616, loansupport@hdfcbank.com
Bhubaneswar Cuttack 993-790-3333, loansupport@hdfcbank.com
Bikaner 987-500-3333, loansupport@hdfcbank.com
Chandigarh 0172-6160616, loansupport@hdfcbank.com
Chennai 044-61606161, loansupport@hdfcbank.com
Cochin 0484-6160616, loansupport@hdfcbank.com
Coimbatore 044-61606161, loansupport@hdfcbank.com
Dehradun 993-590-3333, loansupport@hdfcbank.com
Delhi 011-61606161, loansupport@hdfcbank.com
Durg 1860-266-6161, loansupport@hdfcbank.com
Faridabad 011-61606161, loansupport@hdfcbank.com
Gandhinagar 079-61606161, loansupport@hdfcbank.com
Ghaziabad 011-61606161, loansupport@hdfcbank.com
Goa 989-060-3333, loansupport@hdfcbank.com
Greater Noida 011-61606161, loansupport@hdfcbank.com
Gurgaon 011-61606161, loansupport@hdfcbank.com
Guwahati 995-719-3333, loansupport@hdfcbank.com
Gwalior 0731-6160616, loansupport@hdfcbank.com
Hyderabad 040-61606161, loansupport@hdfcbank.com
Indore 0731-6160616, loansupport@hdfcbank.com
Jabalpur 0731-6160616, loansupport@hdfcbank.com
Jaipur 0141-6160616, loansupport@hdfcbank.com
Jalandhar 981-533-1111, loansupport@hdfcbank.com
Jodhpur 987-500-3333, loansupport@hdfcbank.com
Kanpur 993-590-3333, loansupport@hdfcbank.com
Karnal 999-624-3333, loansupport@hdfcbank.com
Kolhapur 989-060-3333, loansupport@hdfcbank.com
Kolkata 033-61606161, loansupport@hdfcbank.com
Kota 987-500-3333, loansupport@hdfcbank.com
Kozhikode 989-566-3333, loansupport@hdfcbank.com
Lucknow 0522-6160616, loansupport@hdfcbank.com
Ludhiana 981-533-1111, loansupport@hdfcbank.com
Madurai 984-067-3333, loansupport@hdfcbank.com
Meerut 993-590-3333, loansupport@hdfcbank.com
Mehsana 079-61606161, loansupport@hdfcbank.com
Mohali Sas Nagar 981-533-1111, loansupport@hdfcbank.com
Mumbai 022-61606161, loansupport@hdfcbank.com
Mussoorie 993-590-3333, loansupport@hdfcbank.com
Nagpur 989-060-3333, loansupport@hdfcbank.com
Nashik 989-060-3333, loansupport@hdfcbank.com
Noida 011-61606161, loansupport@hdfcbank.com
Noida Extn. 011-61606161, loansupport@hdfcbank.com
Panipat 999-624-3333, loansupport@hdfcbank.com
Patna 1860-266-6161, loansupport@hdfcbank.com
Pondicherry 984-067-3333, loansupport@hdfcbank.com
Pune 022-61606161, loansupport@hdfcbank.com
Raipur 1860-266-6161, loansupport@hdfcbank.com
Rajkot 079-61606161, loansupport@hdfcbank.com
Ranchi 1860-266-6161, loansupport@hdfcbank.com
Rohtak 999-624-3333, loansupport@hdfcbank.com
Roorkee 993-590-3333, loansupport@hdfcbank.com
Salem 984-067-3333, loansupport@hdfcbank.com
Shimla 999-624-3333, loansupport@hdfcbank.com
Sonepat 999-624-3333, loansupport@hdfcbank.com
Surat 079-61606161, loansupport@hdfcbank.com
Trichy 984-067-3333, loansupport@hdfcbank.com
Udaipur 987-500-3333, loansupport@hdfcbank.com
Vadodara 079-61606161, loansupport@hdfcbank.com
Varanasi 993-590-3333, loansupport@hdfcbank.com
Vijaywada 994-949-3333, loansupport@hdfcbank.com
Vizag 994-949-3333, loansupport@hdfcbank.com
HDFC Personal Loan EMI Calculator News - Jan 2017
13th Jan 17 HDFC Bank reduces personal loan interest rates to 11.29 percent
HDFC Bank has reduced its personal loan interest rates by 20 basis points. The revised personal loan interest now stands at 11.29 percent as compared to 11.49 percent earlier.
05th Jan 17 HDFC Bank reduces personal loan balance transfer rates to 11.29 percent
HDFC Bank has announced reduction in personal loan balance transfer rates for special corporate. The rates are now revised to 11.29 percent as compared to 11.69 and 11.99 percent earlier. The new balance transfer rates are valid for all logins till 31st January, 2017.
23rd May 16 HDFC Bank plans to open 500 new branches this fiscal
HDFC Bank plans to open about 500 new branches this financial year as part of its steps to expand footprint. About 60% of new branches would be coming up in semi-urban and rural areas and the remaining in urban areas. Last fiscal, the bank opened 506 branches leading the tally to 4,520 at the end of March 2016. Of 506 branches, 256 branches were opened in semi-urban and rural areas. The branches will provide facilities like loans, deposits and savings.
02nd Feb 16 HDFC Bank ATM network to sell loans to non-customers too
HDFC Bank is now using its ATM network to acquire customers of other banks who use its ATMs
01st Feb 16 HDFC Bank to offer personal loans, credit cards at ATMs
HDFC Bank will extend small instant loans to its customers at ATMs based on their transaction details, salary credits, balances, credit and debit card repayments.
*My Finance Care Advisors Pvt. Ltd., or https://www.myloancare.in 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 info@myloancare.in to provide corrections or updates. We may act as and/ or be associated with channel partners of banks and other sellers of financial products.