HDFC Personal Loan EMI Calculator - Mar 2017

HDFC Bank Personal Loan Calculator

Lowest EMI on HDFC Bank Personal Loan - Rs. 2,189 per lakh
Last Updated 11th Jan 2017
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

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
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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 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

Personal loan EMI calculator HDFC - 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 Login, Branches

City Customer Care Number
Agra 993-590-3333, loansupport [at] hdfcbank [dot] com
Ahmedabad 079-61606161, loansupport [at] hdfcbank [dot] com
Ambala 999-624-3333, loansupport [at] hdfcbank [dot] com
Anand 079-61606161, loansupport [at] hdfcbank [dot] com
Aurangabad 022-61606161, loansupport [at] hdfcbank [dot] com
Bangalore 080-61606161, loansupport [at] hdfcbank [dot] com
Bhilai 1860-266-6161, loansupport [at] hdfcbank [dot] com
Bhilwara 987-500-3333, loansupport [at] hdfcbank [dot] com
Bhiwadi 022-61606161, loansupport [at] hdfcbank [dot] com
Bhopal 0731-6160616, loansupport [at] hdfcbank [dot] com
Bhubaneswar Cuttack 993-790-3333, loansupport [at] hdfcbank [dot] com
Bikaner 987-500-3333, loansupport [at] hdfcbank [dot] com
Chandigarh 0172-6160616, loansupport [at] hdfcbank [dot] com
Chennai 044-61606161, loansupport [at] hdfcbank [dot] com
Cochin 0484-6160616, loansupport [at] hdfcbank [dot] com
Coimbatore 044-61606161, loansupport [at] hdfcbank [dot] com
Dehradun 993-590-3333, loansupport [at] hdfcbank [dot] com
Delhi 011-61606161, loansupport [at] hdfcbank [dot] com
Durg 1860-266-6161, loansupport [at] hdfcbank [dot] com
Faridabad 011-61606161, loansupport [at] hdfcbank [dot] com
Gandhinagar 079-61606161, loansupport [at] hdfcbank [dot] com
Ghaziabad 011-61606161, loansupport [at] hdfcbank [dot] com
Goa 989-060-3333, loansupport [at] hdfcbank [dot] com
Greater Noida 011-61606161, loansupport [at] hdfcbank [dot] com
Gurgaon 011-61606161, loansupport [at] hdfcbank [dot] com
Guwahati 995-719-3333, loansupport [at] hdfcbank [dot] com
Gwalior 0731-6160616, loansupport [at] hdfcbank [dot] com
Hyderabad 040-61606161, loansupport [at] hdfcbank [dot] com
Indore 0731-6160616, loansupport [at] hdfcbank [dot] com
Jabalpur 0731-6160616, loansupport [at] hdfcbank [dot] com
Jaipur 0141-6160616, loansupport [at] hdfcbank [dot] com
Jalandhar 981-533-1111, loansupport [at] hdfcbank [dot] com
Jodhpur 987-500-3333, loansupport [at] hdfcbank [dot] com
Kanpur 993-590-3333, loansupport [at] hdfcbank [dot] com
Karnal 999-624-3333, loansupport [at] hdfcbank [dot] com
Kolhapur 989-060-3333, loansupport [at] hdfcbank [dot] com
Kolkata 033-61606161, loansupport [at] hdfcbank [dot] com
Kota 987-500-3333, loansupport [at] hdfcbank [dot] com
Kozhikode 989-566-3333, loansupport [at] hdfcbank [dot] com
Lucknow 0522-6160616, loansupport [at] hdfcbank [dot] com
Ludhiana 981-533-1111, loansupport [at] hdfcbank [dot] com
Madurai 984-067-3333, loansupport [at] hdfcbank [dot] com
Meerut 993-590-3333, loansupport [at] hdfcbank [dot] com
Mehsana 079-61606161, loansupport [at] hdfcbank [dot] com
Mohali Sas Nagar 981-533-1111, loansupport [at] hdfcbank [dot] com
Mumbai 022-61606161, loansupport [at] hdfcbank [dot] com
Mussoorie 993-590-3333, loansupport [at] hdfcbank [dot] com
Nagpur 989-060-3333, loansupport [at] hdfcbank [dot] com
Nashik 989-060-3333, loansupport [at] hdfcbank [dot] com
Noida 011-61606161, loansupport [at] hdfcbank [dot] com
Noida Extn. 011-61606161, loansupport [at] hdfcbank [dot] com
Panipat 999-624-3333, loansupport [at] hdfcbank [dot] com
Patna 1860-266-6161, loansupport [at] hdfcbank [dot] com
Pondicherry 984-067-3333, loansupport [at] hdfcbank [dot] com
Pune 022-61606161, loansupport [at] hdfcbank [dot] com
Raipur 1860-266-6161, loansupport [at] hdfcbank [dot] com
Rajkot 079-61606161, loansupport [at] hdfcbank [dot] com
Ranchi 1860-266-6161, loansupport [at] hdfcbank [dot] com
Rohtak 999-624-3333, loansupport [at] hdfcbank [dot] com
Roorkee 993-590-3333, loansupport [at] hdfcbank [dot] com
Salem 984-067-3333, loansupport [at] hdfcbank [dot] com
Shimla 999-624-3333, loansupport [at] hdfcbank [dot] com
Sonepat 999-624-3333, loansupport [at] hdfcbank [dot] com
Surat 079-61606161, loansupport [at] hdfcbank [dot] com
Trichy 984-067-3333, loansupport [at] hdfcbank [dot] com
Udaipur 987-500-3333, loansupport [at] hdfcbank [dot] com
Vadodara 079-61606161, loansupport [at] hdfcbank [dot] com
Varanasi 993-590-3333, loansupport [at] hdfcbank [dot] com
Vijaywada 994-949-3333, loansupport [at] hdfcbank [dot] com
Vizag 994-949-3333, loansupport [at] hdfcbank [dot] com
HDFC Personal Loan EMI Calculator News - Mar 2017
16th Mar 17 HDFC Bank personal loan portfolio rises by 30 percent
HDFC Bank has reported a significant growth in its personal loan portfolio at 30 percent in FY17. The growth has been driven by increasing popularity of the digitized personal loan product of the bank launched last year and the bank’s ability to keep bad loans under check.Last year, HDFC Bank had launched a 10 second personal loan under which the bank receives a demand Rs. 500 crore of personal loans every month.
11th Mar 17 HDFC Bank digitizes 1,200 dairy cooperatives across India
HDFC Bank has digitised over 1,200 dairy cooperatives across India. The move is expected to benefit about 3.2 lakh dairy farmers across 16 states under the aegis of its Milk to Money (M2M) programme. M2M is aimed at bringing the farmers in to the organised banking system, digitising the dairy value chain and providing dairy farmers an easy access to banking products including personal loans, business loans and other financial services.
07th Mar 17 HDFC Bank launches artificial intelligence based chatbot EVA
HDFC Bank has announced the launch of first ever artificial intelligence based chatbot EVA (Electronic Virtual Assistance) to provide superior customer services. EVA can instantly answer millions of customer queries across multiple channels. With this platform, customers can also get relevant information about the products and services of the bank.
25th Jan 17 HDFC Bank registers growth of 15 percent in third quarter of FY17
HDFC Bank has reported a growth of 15 percent in its net profit to Rs. 3,865 crore in third quarter of FY17 as compared to Rs. 3,356 crore in the corresponding period a year ago. Provisions for bad loans rose by 9.46 percent to Rs. 715 crore during the quarter as compared to Rs. 653 crore a year ago. Domestic retail and whole sale loan portfolio of the bank grew at an healthy rate of 17.8 and 16.8 percent respectively during the quarter.
24th Jan 17 HDFC Bank to see a fall in its loan growth during third quarter of FY 17
Analysts at Bloomberg have forecasted a decline in loan growth of HDFC Bank during third quarter of FY 17. As per the reports, loan growth is likely to fall to 15.4 percent during the third quarter on a year on year basis. Retail loan disbursements and corporate loans are likely to suffer the most resulting in weak loan disbursements.
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