HDFC Personal Loan EMI Calculator - Jul 2017
Last Updated 27th Jul 2017
HDFC Bank Personal Loan Calculator
Lowest EMI on HDFC Bank Personal Loan - Rs. 2,174 per lakh
| Loan Tenure | |||
|---|---|---|---|
| Loan Amount (Rs.) | 2 Years | 3 Years | 5 Years |
| 100,000 | Rs. 4,660 | Rs. 3,273 | Rs. 2,174 |
| 300,000 | Rs. 13,981 | Rs. 9,820 | Rs. 6,521 |
| 500,000 | Rs. 23,302 | Rs. 16,367 | Rs. 10,869 |
| 1,000,000 | Rs. 46,603 | Rs. 32,734 | Rs. 21,737 |
Personal Loan EMI Calculator
Rated 4.2/5.0 from 906 Users
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. 9,000,000.
- Interest rates range from 10.99% to 20.00% depending upon customer profile, loan amount and other factors.
- Processing fee in HDFC Bank may be Upto 2.50%, Min Rs. 1,000 and Max Rs. 25,000 of loan amount.
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. 2,174 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 10.99%.
- 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. 9,000,000
r = Rate of interest per month. Current rate is 10.99%
n = tenure in month. For HDFC Bank, this can be 60 months
Personal loan EMI calculator HDFC - How it works?
- HDFC Bank personal loan calculator calculates EMI considering a combination of loan amount, interest rate and loan tenure.
- HDFC Bank personal loan 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 10.99% interest rate and hence lowest EMI on per lakh loan amount is Rs. 2,174.
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 Upto 2.50%, Min Rs. 1,000 and Max Rs. 25,000.
HDFC Bank Personal Loan EMI Calculator Customer Care Number, Email, Application Status, 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 |
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