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HDFC Bank Personal Loan EMI Calculator, Jul 2021

Last Updated 14th Jul 2021

  • Personal loan EMI in HDFC Bank depends upon loan amount, loan tenure, interest rate, monthly salary and company that you work for.
  • HDFC Bank Personal Loan EMI Calculator is an online tool to estimate monthly EMI and its division into principal and Interest during the entire loan tenure.
  • Lowest monthly EMI is ₹ 2,137 per lakh on HDFC Bank personal loan as calculated using the lowest interest rate of 10.25% for the longest tenure of 60 months.
  • For example, the table below gives the EMIs on HDFC Personal Loan at different loan amounts and loan tenure, if taken at the lowest rate.
Loan Amount1 Year Loan3 Year loan5 Year loan
₹ 1 Lakh₹ 8,803₹ 3,238₹ 2,137
₹ 5 Lakh₹ 44,016₹ 16,192₹ 10,685
₹ 10 Lakh₹ 88,032₹ 32,385₹ 21,370

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Personal Loan EMI Calculator HDFC

HDFC Bank Personal Loan EMI is a fixed amount of money paid by you to HDFC Bank based on your loan amount, tenure and interest rate. Every month, it is due on a fixed day of the month till the loan is fully paid back. You can calculate your HDFC Bank personal loan EMI in advance, to plan your loan payments and further expenses, using the Personal Loan EMI Calculator HDFC. The calculator functions on a mathematical algorithm and gives accurate results in no time.

Why should you use HDFC Bank Personal Loan EMI Calculator?

  • Calculate the EMI within your budget: Helps you compare the EMIs with a different loan amount and tenure. Always talk to the bank to know the interest rate you will be eligible for HDFC Bank personal loan which can range between 10.25% to 22.00%.
  • Compare HDFC Bank personal Loan EMI: Helps you compare the estimated EMI on a personal loan from HDFC Bank with that of leading banks in India using the same loan amount of upto ₹ 75 Lakh for a maximum tenure of 60 months, but at different interest rates.
  • Calculate interest on HDFC Bank personal loan: You can calculate the split of total EMIs into interest and principal repayment on your loan from HDFC over the loan tenure.
  • Detailed amortisation schedule: This allows you to see the pace at which your principal amount will be repaid during the loan tenure month on month. This is helpful if you decide to prepay your loan at HDFC or balance transfer to another bank.

HDFC Bank Personal Loan EMI Calculator to Estimate the EMI that Fits your Budget

Input different loan amounts and tenure at the eligible interest rate on HDFC Bank Personal Loan EMI calculator to calculate various EMIs at different rates and tenure. The table captures the calculation of HDFC Bank Personal Loan EMI Calculation at the various combinations of loan amount and years when taking at the lowest rate of 10.25%. So if you think that you can afford to pay an EMI of ₹ 10,000 in your budget, taking a ₹ 3 Lakh loan for 3 years or ₹ 5 Lakh loan for 5 years, maybe the right HDFC Bank personal loan plan for you.Personal Loan EMI is calculated for HDFC for different loan amounts and tenures at the rate of 10.25%.

Loan Amount (Rs.)2 Years3 Years5 Years
1 Lakh ₹ 4,626 ₹ 3,238 ₹ 2,137
3 Lakh ₹ 13,878 ₹ 9,715 ₹ 6,411
5 Lakh ₹ 23,130 ₹ 16,192 ₹ 10,685
10 Lakh ₹ 46,260 ₹ 32,385 ₹ 21,370

Factors Affecting HDFC Bank Personal Loan EMI

  • Loan amount – You will pay a higher EMI for the higher loan amount. HDFC Bank gives a minimum loan of ₹ 50,000 and a maximum loan amount of ₹ 75 Lakh.
  • Interest rate - Higher interest rate increases your loan EMI as well as the total cost of the loan. HDFC Bank personal loan interest rate for salary account holders can be lower than their quote rates, which can reduce the overall cost of loan and EMI. Lowest interest rate offered by HDFC Bank is 10.25%. However, it is advisable to do complete market research and compare rates online before you apply for a loan.
  • Loan tenure – This is the period over which you can repay your loan in HDFC Bank. So, your EMI will be lower if you take a 60months loan from HDFC Bank as compared to a loan taken for 12months. The logic being that if you get a longer period to repay, you can repay in a smaller instalment.

Comparison of HDFC Bank Personal Loan EMI with other Banks

Bank Name Interest Rate Loan Amount of ₹ 1 Lakh Loan Amount of ₹ 5 Lakh Loan Amount of ₹ 10 Lakh
HDFC Bank10.25% ₹ 8,803 ₹ 44,016 ₹ 88,032
Kotak Bank 10.25% ₹ 8,803 ₹ 44,016 ₹ 88,032
Axis Bank 10.49% ₹ 8,814 ₹ 44,072 ₹ 88,144
IDFC First Bank 10.49% ₹ 8,814 ₹ 44,072 ₹ 88,144
Federal Bank 10.49% ₹ 8,814 ₹ 44,072 ₹ 88,144

HDFC Bank Personal Loan Amortization Calculator

HDFC Bank Personal Loan amortization schedule gives a break up of your monthly EMI into interest and principal repayment. HDFC Bank 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 Personal Loan of ₹ 3 Lakh for 5 years from HDFC Bank at an interest rate of 10.25%. EMI calculated for this loan amount is ₹ 6,411 and the total annual EMIs to be paid annually is ₹ 76,933. The EMI schedule of loan for 5 years is explained below in the table –

Amortization Schedule for a Personal Loan of ₹ 3 Lakh over the 5 years

Year Interest paid during the year Principal repaid during the year Total amount paid during the year (Interest + Principal) Outstanding Principal
2021 ₹ 14,876 ₹ 23,590 ₹ 38,466 ₹ 2,76,410
2022 ₹ 25,982 ₹ 50,950 ₹ 76,933 ₹ 2,25,459
2023 ₹ 20,508 ₹ 56,425 ₹ 76,933 ₹ 1,69,034
2024 ₹ 14,444 ₹ 62,489 ₹ 76,933 ₹ 1,06,545
2025 ₹ 7,730 ₹ 69,203 ₹ 76,933 ₹ 37,342
2026 ₹ 1,124 ₹ 37,342 ₹ 38,466 ₹ 0

In the above illustration, on a HDFC Bank Personal Loan of₹ 3 Lakh, taken at the lowest interest rate of 10.25, EMI paid is ₹ 6,411 and an annual total of EMIs is ₹ 76,933, the interest component is ₹ 28,517 while the principal component is ₹ 48,416 in year 1 of loan disbursement. You repay only 16.14% of the total principal after paying 12 EMIs during the first year.

HDFC Bank Personal Loan Interest Calculator Formula

HDFC Bank calculates personal loan EMI based on the following formula

P*r* (1+r)^n/([(1+r)^n]-1)

Here is an illustration of how HDFC Bank Personal Loan EMI is calculated:

In the above formula,

P = Loan amount.HDFC Bank personal loan amount can range from ₹ 50,000 to ₹ 75 Lakh.

r = Rate of interest per month. The current HDFC Bank Personal Loan rate is 10.25%.
n = Tenure in month. This can range up to 60months in case of HDFC Bank.

How to use HDFC Bank Personal Loan EMI Calculator

  • HDFC Bank personal loan calculator are online tool which give out EMI calculations using a combination of loan amount, interest rate and loan tenure.
  • HDFC Bank EMI calculator considers “reducing balance basis” and assumes that payment of EMI is made in arrears meaning interest is charged for the month preceding the EMI payment date and not in advance.

HDFC Bank Personal Loan EMI for ₹ 1 Lakh

The following table shows HDFC Bank Personal Loan EMI for ₹ 1,00,000 for different tenures at an interest rate of 10.25%

Loan AmountInterest RateTenure(Year)EMI
₹ 1,00,00010.25% 1₹ 8,803
₹ 1,00,00010.25% 2₹ 4,626
₹ 1,00,00010.25% 3₹ 3,238
₹ 1,00,00010.25% 4₹ 2,548
₹ 1,00,00010.25% 5₹ 2,137

HDFC Bank Personal Loan EMI for ₹ 3 Lakh

The following table shows HDFC Bank Personal Loan EMI for ₹ 3,00,000 for different tenures at an interest rate of 10.25%.

Loan AmountInterest RateTenure(Year)EMI
₹ 3,00,00010.25% 1₹ 26,410
₹ 3,00,00010.25% 2₹ 13,878
₹ 3,00,00010.25% 3₹ 9,715
₹ 3,00,00010.25% 4₹ 7,645
₹ 3,00,00010.25% 5₹ 6,411

HDFC Bank Personal Loan EMI for ₹ 5 Lakh

The following table shows HDFC Bank Personal Loan EMI for ₹ 5,00,000 for different tenures at an interest rate of 10.25%.

Loan AmountInterest RateTenure(Year)EMI
₹ 5,00,00010.25% 1₹ 44,016
₹ 5,00,00010.25% 2₹ 23,130
₹ 5,00,00010.25% 3₹ 16,192
₹ 5,00,00010.25% 4₹ 12,741
₹ 5,00,00010.25% 5₹ 10,685

HDFC Bank Personal Loan EMI for ₹ 10 Lakh

The following table shows HDFC Bank Personal Loan EMI for ₹ 10,00,000 for different tenures at an interest rate of 10.25%.

Loan AmountInterest RateTenure(Year)EMI
₹ 10,00,00010.25% 1₹ 88,032
₹ 10,00,00010.25% 2₹ 46,260
₹ 10,00,00010.25% 3₹ 32,385
₹ 10,00,00010.25% 4₹ 25,483
₹ 10,00,00010.25% 5₹ 21,370

How to Pay HDFC Bank Personal Loan EMI?

There are various online & offline methods to pay your HDFC Bank Personal Loan EMI. To repay your HDFC Bank EMI online, you can log in to your net banking account or else you can also use the mobile banking of HDFC Bank. HDFC Bank also allows you to pay EMI through ECI or standing instructions or a cheque facility by visiting the nearest HDFC Bank branch.

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FAQs

Why should I calculate HDFC loan EMI before taking a loan?

It is advised to calculate personal loan EMI in advance before taking a personal loan. There are several benefits of calculating your HDFC Bank personal loan EMI 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 that fits your monthly budget and makes EMI easily affordable
  • If you already know the EMI you have to pay each month, then you can plan your expenses accordingly
  • Based on the EMI amount, you can opt for making prepayment of your personal loan in future when you have a surplus amount

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

HDFC Bank offers a personal loan at a 10.25% interest rate for a maximum of 60 months, and hence lowest EMI per lakh loan amount is ₹ 2,137. However, HDFC Bank may offer a lower interest rate and EMI for their salary account holders or existing bank customers can vary.

How can I pre-close HDFC Bank personal loan?

You can pre-close your HDFC Bank personal loan by visiting the branch with the required set of documents. Submit the form of preclosure, pay the amount and take the acknowledgement of the balance amount that you have paid.

What are the prepayment charges on HDFC Bank ?

HDFC Bank offers you an option of prepayment after 12 months at 2 - 4%.You have to pay these charges if you decide to pay the loan amount before the due date.

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

Yes, HDFC Bank charges a certain amount of processing fee to process your loan application. Currently, HDFC Bank charges a processing fee of Upto 2.50% Min ₹ 999 on a Personal Loan.

Will I get a personal loan from HDFC Bank if I have a bad credit score?

No, for taking a loan from HDFC Bank, you must have a good credit score of 700 and above. Usually, most banks avoid giving loans if you have a low credit score.Also, availing a personal loan at low cibil score might fetch you a high HDFC Bank personal loan rate.

What is the EMI for a₹ 20 Lakh personal loan in HDFC Bank Bank?

At the current rate of 10.25%, EMI on HDFC Bank personal loan for loan amount ₹ 20 Lakh varies based on the loan tenure. For instance, for 2 year, 3 year and 6 years, EMI is ₹ 2,17,743, ₹ 2,29,547 and ₹ 2,66,856 respectively.

Can I have a co-applicant while applying for a Personal loan with HDFC Bank ?

Yes, you can opt for a co-applicant to take a personal loan from HDFC Bank that will increase your loan eligiblity as the income of the co-applicant is also taken into account.

Can we pay more than EMI in HDFC Bank personal loan?

If you have funds, then you can pay more than the regular EMI on your HDFC Bank Personal Loan. This will reduce your interest burden along with the outstanding principal. You can also pay one additional EMI every year to reduce loan tenure and in turn interest amount.

How can I pay my HDFC Bank loan EMI?

You can pay the HDFC Bank personal Loan EMI by using the ECS facility or standing instruction. You can also visit the branch and submit the EMI cheque or can opt for automated deductions from your salary account.

Compare Personal Loan EMI of All Banks

HDFC Bank Personal Loan Customer Care Number, Email, Application Status, Branches
City Customer Care Number
Agra 993-590-3333
Ahmedabad 079-61606161
Ambala 999-624-3333
Anand 079-61606161
Aurangabad Bihar 022-61606161
Bangalore 080-61606161
Bhilai 1860-266-6161
Bhilwara 987-500-3333
Bhiwadi 022-61606161
Bhopal 0731-6160616
Bhubaneswar Cuttack 993-790-3333
Bikaner 987-500-3333
Chandigarh 0172-6160616
Chennai 044-61606161
Cochin 0484-6160616
Coimbatore 044-61606161
Dehradun 993-590-3333
Delhi 011-61606161
Durg 1860-266-6161
Faridabad 011-61606161
Gandhinagar 079-61606161
Ghaziabad 011-61606161
Goa 989-060-3333
Greater Noida 011-61606161
Gurgaon 011-61606161
Guwahati 995-719-3333
Gwalior 0731-6160616
Hyderabad 040-61606161
Indore 0731-6160616
Jabalpur 0731-6160616
Jaipur 0141-6160616
Jalandhar 981-533-1111
Jodhpur 987-500-3333
Kanpur 993-590-3333
Karnal 999-624-3333
Kolhapur 989-060-3333
Kolkata 033-61606161
Kota 987-500-3333
Kozhikode 989-566-3333
Lucknow 0522-6160616
Ludhiana 981-533-1111
Madurai 984-067-3333
Meerut 993-590-3333
Mehsana 079-61606161
Mohali Sas Nagar 981-533-1111
Mumbai 022-61606161
Mussoorie 993-590-3333
Nagpur 989-060-3333
Nashik 989-060-3333
Noida 011-61606161
Noida Extn 011-61606161
Panipat 999-624-3333
Patna 1860-266-6161
Pondicherry 984-067-3333
Pune 022-61606161
Raipur 1860-266-6161
Rajkot 079-61606161
Ranchi 1860-266-6161
Rohtak 999-624-3333
Roorkee 993-590-3333
Salem 984-067-3333
Shimla 999-624-3333
Sonipat 999-624-3333
Surat 079-61606161
Trichy 984-067-3333
Udaipur 987-500-3333
Vadodara 079-61606161
Varanasi 993-590-3333
Vijaywada 994-949-3333
Vizag 994-949-3333

HDFC Bank Personal Loan Reviews 4.5/5  by 1487 customers
MyLoanCare Service
4.6/5.0
Banks Service
4.5/5.0
Sara, Bangalore
Reviewed on 09th Jul 2021
5 / 5 stars
HDFC Bank Personal Loan Availed in Jul 2021

Amazing experience I had lost hope from MyLoanCare team later case was been handled by Nauhar SaxenaRead more...

Sushil, Pune
Reviewed on 07th Jul 2021
4 / 5 stars
HDFC Bank Personal Loan Availed in Jul 2021

Mayank(Executive) is very supportive, he will make sure that your all questions are answered and theRead more...

Arunraj, Hyderabad
Reviewed on 07th Jul 2021
3.5 / 5 stars
HDFC Bank Personal Loan Availed in Jul 2021

Good experience. I will surely refer my friends. Chinmoy provided good coordination. Read more...

Basavaraj, Sangli
Reviewed on 06th Jul 2021
4.5 / 5 stars
HDFC Bank Personal Loan Availed in Jul 2021

MyLoanCare service has helped me to get my required loan. My Special thanks to Sonu Kohli for his beRead more...

Partha, Guwahati
Reviewed on 06th Jul 2021
5 / 5 stars
HDFC Bank Personal Loan Availed in Jul 2021

Very good response given by them to get my loan processed with in two days. Thank you.Read more...

B Ram Kumar, Hyderabad
Reviewed on 05th Jul 2021
4.5 / 5 stars
HDFC Bank Personal Loan Availed in Jul 2021

Experience was good. Hassle free experience for me. Overall process took less time.Read more...

Chidambaramreddy, Bangalore
Reviewed on 05th Jul 2021
5 / 5 stars
HDFC Bank Personal Loan Availed in Jul 2021

Good service with HDFC bank and MyLoanCare. Thanks to Shubham.Read more...

Deepak, Delhi
Reviewed on 03rd Jul 2021
4 / 5 stars
HDFC Bank Personal Loan Availed in Jul 2021

MyLoanCare provided good and time saving service.Read more...

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HDFC Bank Personal Loan News - Jul 2021
  • 2021-07-08 : HDFC Bank loan growth hit amidst covid-19 pandemic
    Private lender HDFC Bank numbers for the June quarter showed loan growth moderation and contraction in its retail credit book. The bank slowed its retail disbursements which were down 30% sequentially, reflecting the impact of the second Covid wave. The continued weakness in the retail segment led to retail segment share in total loans that include Personal Loan, Home Loan, Loan Against Property, Business Loan, Gold Loan, Two-wheeler Loan, Car Loan, Education Loan and Top-up Loan slipping down to 45% from 47% in June quarter last year.
  • 2021-05-28 : HDFC Bank commits Rs 100 cr towards COVID relief in FY22
    HDFC Bank committed Rs 100 crore for setting up medical infrastructure for COVID-19 relief in 2021-22. The bank is planning to set up 20 oxygen plants in hospitals besides three 100-bed COVID care facilities as part of the plan.
  • 2021-04-19 : HDFC Bank Q4 net profit rises 18% YoY to Rs 8,186.5 crore
    In Q3FY21, HDFC Bank had reported a net profit of Rs 8,758.3 crore and an operating profit of Rs 15,186 crore. The bank advances which include home, LAP, personal, two-wheeler, car, gold, education and doctor loan along with business and mudra loans aggregated to Rs 11,320 billion. Further, The bank’s deposits which include fixed and recurring deposits grew 16.3% at approximately Rs 13,350 billion as of March 31, 2021, as compared to Rs 11,475 billion year-on-year (YoY).
  • 2021-01-18 : HDFC Bank net profit rose by 18%
    HDFC Bank net profit grew by 18% over a year ago in the December-ended quarter on the back of improved net interest income. Advances which include home, personal, car, two-wheeler and gold loans along with business and mudra loans during the quarter rose 15.6% year-on-year to Rs 10.82 lakh crore. Deposits which includes FD and RD grew by 19% from last year to Rs 12.7 lakh crore. Further, The CASA ratio for the bank stood at 43%.
  • 2021-01-08 : HDFC Bank posted a double-digit increase in deposits and advances
    HDFC Bank reported a double-digit increase in deposits and advances in the third quarter of the fiscal year. The bank advances which include home, personal, car, two-wheeler, gold and education loan along with business and mudra loans hiked by 16% to Rs 10.82-lakh crore as on December 31, 2020. Further, the bank’s deposits rose by 19% in the third quarter of the fiscal to Rs 12.71-lakh crore. The CASA ratio is reported at around 43% as of December 31, 2020.
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