HDFC Bank is one of the leading financial institutions in India that is well-known for offering quality services in the fields of personal banking, insurance, corporate banking, trading, and investments. HDFC bank personal loans are quick, transparent and customized to suit every need of yours.

What is an HDFC personal loan EMI?

EMI or Equated monthly Installment is the calculated monthly amount that is to be paid by you to the HDFC bank against the personal loan availed, on a fixed date every month, over a proposed time period. The amount is evaluated to pay off both the principal amount and the interest on it. Even though the EMI amount largely remains constant, there is a definite change in the proportion of the principal and the interest component every month. With every subsequent EMI repayment, the principal component of the HDFC personal loan keeps on increasing, and the interest component keeps on decreasing.

What is an HDFC personal loan EMI calculator

An personal loan EMI calculator is a tool that helps a borrower with detailed calculations about his monthly installments. If you want to take an HDFC personal loan and have absolutely no idea about how to calculate the EMIs, you should use the HDFC personal loan EMI calculator. It usually provides three main components- the EMI, the amortization table, and the breakup. These pieces of information bring forward a transparent picture in front of you and can help you decide about your affordability for the HDFC personal loan in pursuit.

EMI- This is the most basic result provided by the HDFC personal loan EMI calculator. It tells you the amount you need to pay to the HDFC bank every month, after taking into account the interest accrued. With this precise information in hand, you can have a prior assessment of whether you can pay the EMI amount on time, or you need to alter the HDFC personal loan amount or the time period.

Amortization Table: With this, an HDFC personal loan EMI calculator presents the progress of the personal loan with an increase in the time period. It informs how much you would have repaid to the HDFC bank before the expiry of a particular time period, say, a year.

The breakup- This important part of the EMI calculator brings transparency to the entire personal loan deal. It highlights parameters such as the principal amount, interest rate, processing fee, and other parameters involved in the HDFC personal loan EMI calculation process.

HDFC personal loan EMI calculator formula

The HDFC personal loan EMI calculator provides detailed information about the money you borrow and the money you need to repay at various stages of your personal loan tenure. This Personal loan EMI calculator uses the following simple formula to calculate your EMI

E = P * r * (1+r)^ n/([(1+r)^n] – 1)

  1. Where E is the HDFC personal loan EMI.
  2. P is the loan amount you want to borrow from the HDFC bank
  3. ‘r’ is the interest rate being offered to you. The monthly interest rate is accepted here, rather than the annual interest rate. It is calculated with the formula r = (annual interest/12) * 100.

‘n’ is the HDFC personal loan tenure in months. For example, 48 months is written instead of 4 years.

Factors affecting HDFC personal loan EMI

Using the HDFC personal loan EMI calculator is quite easy and you can get your EMI in no time. But you should understand that certain factors can affect your HDFC personal loan EMI and you need to feed these as inputs to the personal loan EMI calculator before it can display the final result.

  1. Loan amount

This is the sum you seek to borrow from HDFC bank and the interest amount is derived from this particular amount. If your loan amount is high, you need to pay more amount as your personal loan EMI. With HDFC bank, you can borrow any amount from Rs 50,000 to Rs 5 lakhs. You need to put the loan amount you decide into the HDFC personal loan EMI calculator in the appropriate space provided.

  1. Loan tenure

This is the period within which you can repay your HDFC personal loan amount. Usually, the HDFC bank specifies a range of 12 to 60 months, and you can choose any tenure inside this range to repay your loan. A longer loan tenure means a lower personal loan EMI for you. Therefore, you need to opt for a personal loan tenure so that your EMI becomes affordable. If after feeding a particular loan tenure into the personal loan EMI calculator, the EMI amount is found to be more than your affordable range, you can opt for a lower loan tenure and try again, till your EMI amount comes within your affordable range.

  1. Interest Rate

It is the rate at which the HDFC Bank will charge interest on your personal loan amount. The higher is the interest rate, the higher will be the total cost, and the higher will be your personal loan EMI.  The HDFC bank personal loan interest rate starts from as low as 11.25%. However, these rates can vary as per the credit profile and the loan amount of the borrower.

 The below-mentioned example will make things more apparent to you-

Raunak Tripathi is looking to avail an HDFC personal loan of Rs 4 lakhs for tenure of 5 years at the interest of 11.25% p.a. The table below shows his EMI, the interest outgo, and the repayment amount.







₹ 4,00,000



₹ 35,399

₹ 24,792

₹ 4,24,792

₹ 4,00,000



₹ 18,690

₹ 48,550

₹ 4,48,550

₹ 4,00,000



₹ 13,143

₹ 73,144

₹ 4,73,144

₹ 4,00,000



₹ 10,387

₹ 98,568

₹ 4,98,568

₹ 4,00,000



₹ 8,747

₹ 1,24,815

₹ 5,24,815

Learn to make the best use of the HDFC personal loan EMI calculator

The best thing about the HDFC personal loan EMI calculator is that, when you use this personal loan EMI calculator, you can play around with the inputs you feed and can make your own permutations and combinations to reach the best possible decision. Also, you can make informed decisions based on significant market fluctuations such as interest rate changes, as affected by the HDFC Bank from time to time.


Please note that the EMI amount may differ depending on certain factors or situations. Firstly, in case there is a change in the HDFC Personal loan interest rate, the initial interest amount is likely to change during the period in which the said change gets reflected. The changed interest rate applies to you only if you have opted for a floating rate of interest. However, it can impact you either positively or negatively.

Secondly, if you can make a good prepayment during your HDFC personal loan tenure, the principal amount gets reduced. As the HDFC bank calculates the interest amount on the basis of the outstanding principal amount, your personal loan EMI will also come down as a result. Do have in mind that the HDFC bank levies prepayment charges, at the rate of 4% of the principal outstanding if your loan tenure is between 13 to 24 months. The charge is fixed at 3% and 2% of the principal outstanding respectively if your loan tenure is between 25-36 months and beyond 36 months.

Therefore, it is advisable that you should have the facts mentioned above in mind and use the personal loan EMI calculator thoughtfully – in order to extract the maximum benefit out of it.

Salient features of the HDFC personal loan

  • Low prepayment charges
  • Attractive rate of interest
  • Complete transparent loan procedure
  • Special loan offers for women employees
  • Highly transparent loan disbursal procedure
  • Zero hidden charges, low processing fees & convenient repayment options.
  • No guarantor/ collateral or security needed.
  • Flexible repayment period in the range of 12 to 60 months.
  • Easy HDFC loan payment options including PDCs & ECS.
  • Simplified documentation

Loan to fulfill each and every purpose

The footnote

Interested in an HDFC personal loan? You can apply for the same through the efficient online platform of from the absolute comfort of your home. Also, you can use the Afinoz Personal loan EMI calculator which lets you know the exact amount of your HDFC personal loan EMI in a jiffy. Thus, you can save yourself from possible financial distress on a later date. The Afinoz personal loan EMI calculator is a highly accurate one, and you are assured of getting completely error-free results at your convenience. Also, you are at liberty to try out your own permutations and combinations regarding tenure, interest rates and loan tenure. Thus, you can be your boss and can make your own informed decisions related to the HDFC Bank personal loan, as per your distinct need and affordability.

Moreover, applying for loans at the Afinoz platform is simple and convenient, to say the least! Here, you can apply to multiple lenders with just one click. Also, you can make use of the document repository service and can have access to your digital financial records any time you want. We offer the facility of e-verification and e-signing of your KYC documents such as PAN card, Aadhar card, etc.

And you know what! All our services are available for you, absolutely free of cost!

For any query, feel free to call us at 0120-411-0376. For further reading on HDFC personal loans.