# HDFC Credit Card EMI Calculator

Loan Amount

Interest rate

%

1%

15%

Loan Duration

Yrs

1 Yr

30 Yrs

EMI

0

Principal Amount

Interest

Total Payable

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## What is the HDFC Credit Card EMI Calculator?

If you find it challenging to pay off your credit card bill in one go, there's no need to worry. HDFC Bank offers the credit card EMI option, which allows you to convert your large purchases or lump sum bills into affordable monthly installments. While it is a great way to tackle your credit card bills, you must estimate how much you will need to pay toward monthly repayment. The online HDFC Credit Card EMI Calculator set up by Angel One is a handy digital tool that allows you to estimate your EMI for your HDFC Credit Card.

The calculator helps you to plan your expenses wisely and manage your credit card payments effortlessly by easily determining the Equated Monthly Instalment (EMI) for your expenses or purchases made using an HDFC credit card.

HDFC Credit Card EMI Calculator on the Angel One platform is simple and easy to use. Just input the purchase amount, the tenure over which you want to repay the amount, and the applicable rate of interest. The calculator will compute your monthly instalment amount, providing you with a clear idea of how much you need to repay every month towards the proposed purchase.

## How Does the HDFC Credit Card EMI Calculator Work?

The credit card EMI calculator functions as an online financial tool that uses inputs such as the purchase/credit amount, credit tenure, applicable interest rate, and type of loan you would like to apply for. The calculator applies the HDFC credit card EMI calculator formula and shows you details of interest payable, EMI amount, and total cost of the loan once you enter all the requisite details.

## What is the HDFC Credit Card EMI Calculator Formula?

The credit card EMI calculator works on a simple mathematical formula. Here is the HDFC credit card EMI calculator formula:

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

where,

P = Principal amount

R = Interest rate per month (divide the annual interest rate by 12)

N = Number of monthly installments or loan tenure in months

Suppose you make a huge purchase of Rs. 1.5 lakh from your HDFC Credit card and want to convert the amount into EMI for a period of 2 years at an interest rate of 12%. Then, you can calculate the EMI of your purchase as follows:

P = Rs. 1.5 lakh, R = 12% p.a. and N = 2 years (24 months)

Monthly EMI would be Rs. 7,061, the total amount would be Rs. 1,69,465, and your total interest charged would be Rs. 19,465.

## How To Use the HDFC Credit Card EMI Calculator Online?

The credit card EMI calculator is a user-friendly tool that requires only three basic inputs. You can use Angel One’s credit card EMI calculator online and get instant estimates of your EMIs. Here are the steps to use the HDFC credit card EMI calculator online offered by Angel One:

Step 1: Visit Angel One website

Step 2: Enter the credit/loan amount you wish to convert into EMIs using your credit card

Step 3: Enter the tenure within which you want to repay the loan

Step 4: Input the applicable interest rate

Step 5: Once you have entered all the relevant inputs, click the " Calculate EMI” or “Calculate" button

The online calculator will then provide the information using the Angel One Credit Card EMI Calculator Formula and calculate the Equated Monthly Instalment (EMI) amount.

## Benefits Of Using the HDFC Credit Card EMI Calculator

The credit card EMI calculator is a handy tool for credit card users which facilitates easy EMI calculations and helps in informed decision-making. Here are the other benefits of using a Credit Card EMI Calculator:

• Easy Availability: The EMI calculator for credit cards is available online and is completely free. You do not have to worry about understanding the EMI calculation formula or calling a hotline. You can use the calculator anywhere, anytime, and as often as you like.
• Instant and Accurate: Manual calculations are time-consuming and prone to errors. An EMI calculator simplifies and accelerates the process, thereby making calculations a breeze.
• Financial planning: The calculator estimates the EMI and the interest charged on the credit. This enables you to make well-informed judgments about your credit card usage in general.
• Debt Management: The calculator provides a clear understanding of the monthly instalment, total amount payable and the interest applicable. This helps you to plan your budget and manage your finances effectively.

## Factors Influencing the HDFC Credit Card EMI Amount

The credit card EMI amount is influenced by various factors, which play a crucial role in determining your EMIs. Understanding these factors enables you to plan your finances effectively. Here are the key factors:

• Loan Amount: The principal amount which you borrow using your HDFC credit card directly affects the amount of EMI. A higher amount leads to higher monthly installments.
• Interest Rate: The rate of interest applied to your credit card EMI influences the total repayment since the higher the interest higher would be the repayment amount and EMIs.
• Tenure: The repayment tenure chosen for your credit card EMI directly affects the amount of each instalment. Longer tenures usually lead to smaller EMIs; however, they increase the overall interest on the loan.
• Processing Fee: A processing fee is charged based on the amount for converting your purchase into EMIs. This fee is a percentage of the loan amount and adds to the total cost of the EMI.

## Types Of Credit Cards Offered by HDFC

HDFC offers a range of credit cards for its customers. Some of these cards include the following -

Regalia Gold Credit Card
HDFC card features include complimentary Club Vistara Silver Tier and MMT Black Elite membership as welcome benefits, Rs. 1,500 worth of vouchers on quarterly spends of Rs. 1.5 lakhs, Rs. 5,000 worth of flight vouchers on annual spends of Rs. 5 lakhs and Rs. 7.5 lakhs, and 5X reward points on purchases at Marks & Spencer, Myntra, Nykaa, and Reliance Digital.

IRCTC HDFC Bank Credit Card
HDFC card features include earning 5 Reward Points for every Rs. 100 spent on IRCTC ticketing and Rail Connect App, 1 Reward Point for other spends, 5% cashback on train bookings via HDFC Bank SmartBuy, 8 complimentary IRCTC Executive Lounge access per year, and a quarterly gift voucher of Rs. 500 for spends of Rs. NR 30,000.

Tata Neu Plus HDFC Bank Credit Card
This card allows you to earn 2% NeuCoins on Tata Neu and partner Tata Brand Spends. You can get a 5% back on Tata Neu Spends with Tata NeuPass. Earn 1% NeuCoins on other expenses. Redeem 1 NeuCoin as Rs. 1 on Tata Neu App. Enjoy 4 complimentary Domestic Airport Lounge Access.

Tata Neu Infinity HDFC Bank Credit Card
HDFC card features include 5% back as NeuCoins on Tata Neu and partner Tata Brand Spends, an additional 5% back on Tata Neu Spends with Tata NeuPass registration, 1.5% back on other spends, 1 NeuCoin = Rs. 1 on Tata Neu App, and 8 domestic + 4 international airport lounge access.

HDFC Bank UPI RuPay Credit Card
The HDFC card offers 3% Cashpoints on groceries, supermarkets, dining, and PayZapp transactions. It provides 2% Cashpoints on utility spends and 1% Cashpoints on other spends (excluding rent, wallet loads, EMI, fuel, and government categories). Maximum 500 points can be earned per month in each category.

Note that the offers and benefits mentioned above are subject to change at the bank’s discretion

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## FAQs

What is the HDFC credit card EMI calculator?

The HDFC credit card EMI calculator calculates the EMIs. It helps you determine the fixed amount you must pay monthly for your credit card loan, considering the principal amount, interest rate, and loan tenure.

How to use the online HDFC credit card EMI calculator?

To use the online HDFC credit card EMI calculator, visit Angel One and locate the EMI calculator. Input the required details, loan amount, interest rate, and tenure. Once you've filled in these details, the calculator will provide a breakdown of the monthly instalment, total interest payable, and the overall loan cost.

Is the HDFC credit card EMI calculator free to use?

Yes, the HDFC credit card EMI calculator is completely free to use. HDFC Bank offers this user-friendly tool at no cost, allowing customers to calculate and manage their credit card EMIs effortlessly, helping them make informed financial decisions.

Is GST applicable on HDFC EMI payments?

GST is applicable on credit card EMI payments. GST is charged on the interest amount of EMI every month.

What will happen if I fail to make a payment of HDFC Credit Card EMI?

Failure to make credit card EMI payments can result in late charges and negatively impact your credit score.

Is the EMI calculated by the HDFC credit card EMI calculator fixed throughout the loan tenure?

The EMI amount calculated by the credit card EMI calculator remains fixed unless there are changes in the rate of interest rate or if there are prepayments.

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