# HDFC Loan 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 Loan EMI Calculator?

The HDFC loan EMI calculator is a valuable tool offered by Angel One to assist you in calculating Equated Monthly Instalments (EMIs) for various financial products. Whether considering a home loan, personal loan, two-wheeler loan, or auto loan, this interactive calculator can help you understand the EMI breakdown easily and make informed decisions.

Angel One's HDFC loan EMI calculator lets you quickly determine your monthly instalments based on the loan amount, interest rate, and tenure. It allows you to adjust these factors and instantly see the updated EMI amount. It lets you plan your finances better and choose an EMI that suits your budget.

The online HDFC loan EMI calculator helps you determine your EMIs effortlessly, allowing you to analyse your repayment capability and make an informed decision.

The advantages of using the HDFC loan EMI calculator are numerous. It saves you time and effort by providing instant results and eliminates the risk of manual calculation errors. Using the loan EMI calculator, you can avoid mistakes and ensure accurate financial planning.

## How Does a HDFC Loan EMI Calculator Work?

A loan EMI calculator simplifies the complex process of calculating EMIs for loans. When you input the loan amount, interest rate, and loan tenure, the calculator instantly computes the monthly payment using the mathematical formula that works in the background. Adjusting the loan amount, interest rate, and tenure allows you to explore different scenarios to find the most suitable repayment plan.

## What is the HDFC Loan EMI Calculator Formula?

The HDFC loan EMI calculator formula is given below:

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 instalments or loan tenure in months

## How to Use the HDFC Loan EMI Calculator Online?

Here’s a step-by-step guide to help you use the online HDFC loan EMI calculator:

1. Visit Angel One and navigate to the HDFC loan EMI calculator
2. Enter the loan amount you want to borrow from the bank
3. Enter the applicable interest rate
4. Specify the tenure in years

Once you have entered the above information into the online HDFC loan EMI calculator, it will display the EMIs. Moreover, it will also display the total payable amount and interest.

Let us look at a simple example.

Suppose you want to take a loan of Rs. 5 lakh for five years from HDFC Bank. Let us assume the bank offers the loan at an annual interest rate of 12%. Now, you can use the HDFC loan EMI calculator to calculate the EMI payable to repay your loan. In the given case, the EMI will be Rs. 11,122. The total payable amount will be Rs. 6,67,333, with an interest of Rs. 1,67,333.

## Benefits of Using a HDFC Loan EMI Calculator

The benefits of using the online HDFC loan EMI calculator on Angel One are numerous. Some of them are listed below:

1. Time-saving: Instead of manual calculations or complex spreadsheets, the HDFC loan EMI calculator offers instant results with just a few inputs. It saves you valuable time and effort in determining your monthly loan repayment amount.
2. User-friendly interface: The online HDFC loan EMI calculator provides a user-friendly interface that allows you to calculate the EMI for various loan products such as home loans, personal loans, and more.
3. Accurate estimates: Using the HDFC loan EMI calculator, you can obtain accurate estimates of your EMI based on variables: the loan amount, interest rate, and tenure. It helps you plan your finances effectively and make informed decisions.
4. Financial planning: The online HDFC loan EMI calculator allows you to adjust the loan amount, interest rate, and tenure to find an EMI that suits your budget and financial goals. It helps you assess your affordability and choose a loan option that aligns with your repayment capacity.
5. Flexibility and customisation: With the HDFC loan EMI calculator, you can experiment with different scenarios by changing the loan parameters. You can explore options to lower your EMI by adjusting the loan amount or tenure if it doesn’t suit your budget.
6. Better decision-making: By visualising the EMI breakup and understanding the interest and principal components, the online HDFC loan EMI calculator empowers you to make well-informed decisions about loan repayment. You can assess the impact of different interest rates and tenures on your EMI.
7. Readily available: The HDFC loan EMI calculator is available on Angel One, and you can access it anytime and anywhere. You can calculate your EMIs at your convenience without the need to visit a bank branch or rely on time-consuming and error-prone manual calculations.

## Types of Loans Offered by HDFC

HDFC offers the following types of loans:

1. Personal Loan: HDFC offers Personal Loans with competitive interest rates. You can borrow up to Rs. 40 Lakh, and depending on your eligibility, you may be able to avail up to Rs. 75 Lakh. The loan tenure can range from 3 months to 72 months.
2. Home Loan: Whether you're looking to purchase a fresh or resale property, construct a house, or make improvements or extensions to your existing home, HDFC offers several loans tailored to your requirements. You can receive 75% to 90% of the total property cost or the construction/improvement/extension estimate. The remaining 10% to 25% will be your contribution.
3. Business Loan: With HDFC's business loan, you can access up to Rs. 50 lakhs (or Rs. 75 lakhs in select locations) without requiring collateral, a guarantor, or security. Whether you need funds for business expansion, working capital, or personal use, this loan can help you fulfil your requirements. The tenure for repayment ranges from 12 to 48 months.
4. Doctor Loan: HDFC Bank offers a specialised loan for consulting doctors, providing financial assistance of up to Rs. 75 lakhs in select locations. With flexible repayment options, you can easily pay off the loan in convenient instalments ranging from 12 to 72 months.
5. Car Loan: With HDFC, you can easily secure a car loan for a wide range of cars and multi-utility vehicles, with loan amounts of up to Rs. 10 crores. You can get up to 100% on-road finance for select car models. Furthermore, HDFC offers flexible repayment tenures, ranging from 12 to 84 months.
6. Educational Loan: HDFC's educational loan enables you to get a loan of Rs. 150 lakhs to finance your education. Additionally, for select institutes, you can avail of loans of up to Rs. 50 lakh without collateral. The loan repayment tenor can be as long as 15 years, giving you ample time to repay. Moreover, you can save on taxes as the interest you pay is eligible for deductions under Section 80E of the Income Tax Act 1961.
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## FAQs

### What is the HDFC loan EMI calculator?

The HDFC loan EMI calculator is a valuable tool Angel One offers to calculate EMIs for various financial products such as home loans, personal loans, two-wheeler Loans, and auto loans.

### How to use the HDFC loan EMI calculator online?

Visit Angel One to access the online HDFC loan EMI calculator. Enter the loan amount, interest rate, and tenure in the loan EMI calculator. It instantly displays the EMIs for your loan.

### Is the HDFC loan EMI calculator free to use?

Yes, the HDFC loan EMI calculator is available for free on Angel One. It offers a user-friendly and intuitive interface that enables accurate calculations and allows you to assess different loan scenarios without cost.

### What is the minimum amount that you can take a loan from HDFC Bank?

The minimum amount for any loan may vary depending on the lender and their specific policies. The minimum loan amount will also vary for different types of loans offered by a bank.

### Is there a penalty for the prepayment of a loan from HDFC Bank?

Penalties for prepayment of a personal loan can vary depending on the lender and the terms and conditions of the loan agreement. It is advisable to review the loan agreement or consult the bank to understand if there are any penalties associated with prepaying a loan.

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