HDFC Personal Loan EMI Calculator

Total Interest
Principal amount

Monthly EMI

Principal amount

Total Interest

Total amount

Want an estimate of the EMI for the loan you wish to avail of? Use the HDFC Personal Loan EMI Calculator and get the accurate EMI in the shortest time. All you have to do is enter the loan amount, tenure and the rate of interest to arrive at the EMI, Compare EMIs of other popular banks using the HDFC Bank Personal Loan EMI calculator and choose the best personal loan.

HDFC Personal Loan EMI Calculator

The HDFC personal loan EMI calculator is a great tool available online to help calculate and assess your Equated Monthly Installments (EMIs) whenever you are looking to take a personal loan. Accordingly, you can decide upon your loan amount as well as the repayment tenure you are most comfortable with.  

Personal loans are a great option to cater to sudden and unprecedented financial needs. It is excellent that HDFC bank offers personal loans for various purposes without excessive formalities or paperwork. If you, too, are looking to take a personal loan, the HDFC bank personal loan EMI calculator would serve to help you manage your finances and decide upon an appropriate loan amount concerning other factors with ease. 

How does HDFC loan EMI calculator work?

The HDFC loan EMI calculator functions based on three crucial parameters – the loan amount, the loan tenure, and the interest rate. Upon inputting these details, the calculator instantly computes the EMI you need to pay each month for the loan tenure. The breakdown provided by the calculator offers a crystal-clear understanding of the loan repayment structure, thereby allowing for well-informed decisions.

HDFC Bank Personal Loan Interest Calculator Formula

The EMI for a personal loan depends on three parameters: the loan amount, the interest rate, and the loan tenure. Here’s the formula used to calculate EMI:

EMI = [P x R x (1+R)^N]/[(1+R)^N-1]


  • P represents the loan amount.
  • R stands for the monthly interest rate (annual interest rate/12/100).
  • N represents the loan tenure in months.

Let’s take an example: if you avail a loan of Rs. 5 lakh for a period of 2 years (24 months) with an annual interest rate of 12%, the EMI would be calculated as follows:

EMI = [5,00,000 x (1+0.01)^24] / [(1+0.01)^24 – 1] = Rs. 23,537.

The EMI calculated will be payable each month for 24 months.

Amortization schedule

Here is the amortization schedule on a personal loan of Rs 5 Lakh. The interest rate is 12% every year and the tenure is 10 years or 120 months.

MonthPrincipal (in Rs)Interest (in Rs)Principal + InterestBalance to be paid

This table is indicative of the first 12 months of the loan tenure. The interest component will keep on reducing as the tenure progresses, while the principal component increases proportionately. 

HDFC Bank Personal Loan Interest Rate

HDFC Bank offers competitive interest rates on personal loans. These rates are determined based on several factors, such as the applicant’s credit score, loan amount, tenure, and more. For instance, as of 2021, the bank provided personal loans starting from an interest rate of 10.75% p.a. These rates are subject to change and are regularly updated on the bank’s official website.

HDFC Bank Personal Loan Features and Benefits

  • Flexible tenure: HDFC Bank offers flexible loan tenure options ranging from 12 to 60 months, allowing you to choose a repayment period that best suits your financial situation.
  • High loan amount: You can avail a personal loan up to Rs 20 lakh, depending on your eligibility, to cater to a wide range of financial needs.
  • Quick and easy process: The loan application process is quick, and the bank requires minimal documentation. This means you can get the funds when you need them without any delay.
  • Online access: The bank offers online account access, so you can check your loan status, view your EMI schedule, and manage your loan account conveniently.

HDFC Bank Personal Loan Fees & Charges

Processing Fees

Up to 2.50% of the loan amount subject to a minimum of Rs 1,999/- & Maximum of Rs 25000/-0

Foreclosure Charges

13-24 Months – 4% of Principal Outstanding,

25-36 Months – 3% of Principal Outstanding

36 Months – 2% of Principal Outstanding,
48 months – 0%

Penalty for late EMI payment

24% per year on outstanding amount From default date

HDFC Bank Personal Loans Documents Required

  • Identity Proof – Voter Id Card/Passport/Driving License/Aadhar Card
  • Address Proof – Aadhar Card/ Passport/ Telephone or Electricity bill/ Ration Card/ Rental Agreement
  • Bank statement – Bank statement of last 3 months or bank passbook of 6 months
  • Salary Slip – Salary slip of the last 3 months with Form 16

Factors Affecting HDFC Personal Loan EMI

Here are some factors that play a vital role in your EMI amount:

1. Income

The borrower’s income plays a crucial role in determining the interest rate on a loan or whether a person is eligible for the personal loan or not. People with high disposable incomes are likely to get approval for a bigger personal loan as compared to someone with a lower income. The logic is simple — people with higher incomes can pay higher interest rates and are more likely to return the loan safely.

2. Credit Score

High credit scores always make you a better candidate for a personal loan as compared to lower credit scores. People with high credit scores get bigger loans and hence have larger EMIs. People with lower credit scores become high-risk borrowers and hence will always get lesser loans and have lower EMIS. 

3. Employer’s Status

Did you know that even your employer’s financial status has a role in the loan amount that gets sanctioned and, finally, the EMI you will pay? While personal loans do not require any security, banks check backgrounds before lending, especially your employer’s financial status. This, because it helps ascertain your creditworthiness. People working for reputable organisations are always more likely to get better loan amounts. 

4. Tenure

The loan tenure is known to affect your EMI inversely. The longer the tenure, the lesser is the EMI you pay, but at the same time, higher is the interest. Therefore it is vital to create a balance between the loan tenure and the EMI using the HDFC bank personal loan EMI calculator. It is also good to remember that HDFC offers a personal loan for a maximum tenure of 5 years. 

Benefits of using CashZeni HDFC Bank EMI Calculator?

The CashZeni HDFC Bank EMI Calculator is a simple, efficient, and effective way to calculate your loan EMIs. Not only is it free and easy to use, but it also allows you to experiment with different variables like loan amount, tenure, and interest rate. This tool provides you with the precise amount of your EMIs, thus helping you make informed decisions about your loan.

Frequently Asked Questions

What are the minimum and maximum loan amounts?

You can avail loans ranging from Rs. 50,000 to Rs. 40,00,000. The approval of the loan amount depends on various parameters like your income, credit history, repayment patterns and capacity, your eligibility among various other factors.

What is the average processing time for HDFC personal loan?

HDFC bank offers easy and quick approvals on its personal loan. The process won’t take much time of the customers. HDFC bank offers instant approvals on personal loan at attractive interest rates.

What are the minimum and maximum tenure of repayment?

The minimum tenure for loan repayment is 12 months and the maximum tenure is 60 months for the repayment of the loan.

Are there any prepayment charges for HDFC Bank Personal Loans?

Yes, HDFC Bank does levy prepayment charges on personal loans. The exact charge depends on the timing of the prepayment. Please refer to the bank’s official website for detailed information.

How can I check the status of my HDFC personal loan application?

You can check the status of your loan application online by visiting the HDFC Bank’s official website and entering your application reference number.

What factors affect my HDFC Bank Personal Loan eligibility?

Factors such as your age, income, employment status, credit history, and repayment capacity affect your eligibility for a personal loan from HDFC Bank.

What happens if I miss an EMI payment for my HDFC Bank Personal Loan?

If you miss an EMI payment, you might be charged a late payment fee by HDFC Bank. Continuous defaults could negatively impact your credit score.

What is the interest rate for an HDFC Bank Personal Loan?

The interest rate for an HDFC Bank personal loan varies based on multiple factors such as the borrower’s credit score, loan amount, tenure, and others. For the most accurate and current interest rate information, it’s best to check the bank’s official website or contact customer service.

What is the tenure of a personal loan?

Most personal loans have tenures between 1 to 5 years or 12 to 60 months.

Is there any minimum personal loan amount?

Most lenders do not have any personal loans under Rs 30,000.