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HDFC Home Loan EMI Calculator

Loan Amount

Interest rate




Loan Duration


1 Yr

30 Yrs



Principal Amount


Total Payable

With Zero Brokerage on Equity Delivery

What is the HDFC EMI Calculator?

Home is one of the most widely availed lending products in India. It is a form of mortgage financing offered to home buyers to purchase a property. HDFC is one of the premier Indian banks that offer attractive home loan products to a variety of home buyers. HDFC home loan EMI calculator helps prospective homebuyers determine the loan EMI amount in advance

How to Calculate the HDFC Home Loan EMI?

While you can do this manually, your calculations will be prone to human error, which can translate into budgeting mishaps. Therefore, using the HDFC home loan EMI calculator is the wise way to go forward. This is an excellent, easy-to-use tool that assists prospective borrowers in financial planning.

HDFC Home Loan EMI Calculator Formula

The loan calculator uses a standardised formula to calculate the EMI amount that you would pay monthly. Here’s the HDFC home loan EMI calculator formula, which forms the logic of the online calculator.

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


P = Principal amount


R = Rate of interest

N = Number of EMI

How Does the Calculator Work?

The HDFC home loan EMI calculator tool Angel One is an efficient and straightforward application that anyone can use by entering simple inputs. It is designed with the purpose of helping homebuyers to calculate the EMIs in advance and make their financial plans accordingly.

The calculator uses simple variables such as loan amount, interest rate, and tenure. Changing any of these variables will change the resultant EMI. The steps for using the EMI calculator are mentioned below:

  • Enter the loan amount
  • Select the interest rate
  • Set the loan duration

The result will be calculated automatically. The tool will show how much you are paying in interest and principal.

Let’s understand this with the help of an example.

Suppose the loan amount is Rs. 50,00,000. The interest rate is 8.6%, and the loan tenure is 20 years. Using the data, we will calculate the EMI value.

  • Enter Rs. 50,00,000 as the loan value
  • Enter 8.6% as the interest rate
  • Enter 20 years as tenure

The calculator will display the result in an instant. Your monthly EMI will be Rs. 43,708. Your total interest payment will be Rs. 54,89,953, and your total repayment will be Rs. 1,04,89,953.

Benefits of Using the HDFC Home Loan EMI Calculator

HDFC Bank home loan is one of the most sought-after products. The online HDFC home loan EMI calculator calculates the exact amount that the borrower would need to pay towards the repayment of their loan. There are several additional benefits to using an HDFC home loan EMI calculator, including:

  • The calculator uses the data provided by the user to estimate EMI.
  • It only takes a few seconds to calculate the result. The EMI calculation process is otherwise complicated and time-consuming. There are chances of committing mistakes if done manually.
  • It calculates the results accurately and helps you plan your finances and budget more efficiently.
  • The calculator is highly efficient and saves you valuable time. Moreover, it is available for free and can be used anytime and from anywhere.
  • Users can use the tool to compare the best available home loan rates

Eligibility Criteria to Avail HDFC Home Loan

HDFC home loans are available to a broad customer base. However, actual eligibility for the loan would depend on the applicant’s individual creditworthiness based on age, income, and credit score.

That said, here are the general eligibility criteria to apply for a home loan with the bank:

  • Age: 21-65 years
  • Employment type: Salaried, self-employed professionals, and non-professionals
  • Minimum salary: For salaried applicants, it is Rs. 10,000 per month, and for non-salaried it is Rs. 2 lakh per year The loan amount and tenure will be calculated based on the income and age of the applicant. If you are 21-35 years old, you can qualify for a total repayment period of 30 years.

Loan Amount Based on the Value of the Property

There are certain limits imposed on the loan amount that can be sanctioned based on the value of the property

Value of the property up to Rs. 30 lakh Loan available up to 90% of the property cost
Property values range from Rs. 30-75 lakh Loan available for 80% of the property cost
> Rs 75 lakh 75% available of the property cost


Once you have checked your eligibility and calculated the EMI on your loan amount, you can apply for an HDFC home loan online. You will need to submit some documents for this. The list of documents is given in the table below.

We have divided applicants into three categories - agriculturists, salaried individuals, and business and professional.

Agriculturists Salaried individuals Business/professionals
Completed application form with photograph Completed application form with photograph Completed application form with photograph
Proof of identity and residence Proof of identity and residence Proof of identity and residence
6 month bank statements 6 month bank statements 6 month bank statements
  • Income proof: Copy of the land holding document
  • Copies of documents certifying crop cultivation on the land
  • Statement of loans availed in the previous 2 years
  • Latest salary slip
  • For 16
  • Education qualification document and proof of business
  • Business profile and 3 years’ IT return document
  • 3 year profit/loss balance sheet


What is the amount I can avail of as a home loan from HDFC?

The amount you can get depends on your creditworthiness, income, age, and property value. HDFC provides loans up to 90% of the property value. The HDFC home loan EMI calculator will allow you to calculate the possible EMI value of a tentative loan amount. However, you must complete the loan application process to learn about the final loan and EMI amount.

What is the online HDFC home loan EMI calculator?

HDFC home loan is an online tool that functions on user input and calculates the EMI amount in advance. The calculator requires the loan amount, interest rate, and tenure to calculate the amount.

What is the maximum tenure allowed for an HDFC home loan?

HDFC home loans are available for a minimum of 5 years and a maximum of 30 years. One should note that the loan duration is subject to approval by the bank. For older applicants, the loan duration will be shorter.

HDFC home loans have age criteria that allow borrowers in the age group of 21-35 to apply for a tenure of 30 years. Beyond that limit, the loan amortisation period decreases with the increasing age of the borrower.

Can I get tax benefits on an HDFC home loan?

HDFC home loans qualify for tax benefits under the sections mentioned:

  • Section 80C: tax deduction on principal repayment for a maximum amount of Rs. 1,50,000
  • Section 24b: Tax deduction on interest up to Rs. 2,00,000
  • Section 26: Joint owners and co-borrowers can claim deductions on interest payments of up to Rs. 2,00,000 each.
  • How will I know if I have met the loan eligibility criteria for the HDFC home loan?

    You need to complete the online application process with the bank to check your eligibility. If you qualify, you will be given in-principle approval on the bank’s website.

    Enjoy Zero Brokerage on
    Equity Delivery

    Enjoy Zero Brokerage on Equity Delivery

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