Calculate HDFC Personal Loan EMI

Total Payments-


Total Interest-
Principal Amount-
Total EMI


View Details
  • Loan Amount
  • Interest Rate
  • Your EMI
  • Tenure
  • ₹75,00,000
  • 10.65%
  • ₹0
  • 6

HDFC Personal Loan 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 To Use The HDFC Personal Loan EMI Calculator?

HDFC Bank is one of the country’s top banks today offers an array of personal loans to its customers, including personal marriage loans, travel personal loans, debt consolidation personal loans and even a personal loan for COVID, among many others. 

Quick dispersal (often even within 10 seconds for select customers), minimal documentation, flexible tenures, and zero hidden fees are some great features that make personal loans from HDFC even more attractive. Hence with so many options to choose from, it is wise to use the HDFC personal loan EMI calculator to ensure your finances are managed wisely post taking the loan. 

To use the take the following steps:

  • Go to the bank’s official website  www.HDFCbank.com
  • Navigate to the tab ‘Personal’ seen in the header bar. 
  • From there, go to ‘Tools and Calculators’ and opt for the personal loan calculator.
  • Once you are on the HDFC personal loan EMI calculator page, you can fill in the values in the calculator for the Loan Amount, Rate of Interest and Loan Tenure by using the slider.
  • The limits are preset on the calculator — the loan amount lies between Rs.5000 to Rs. 40,00,000, also Rs.  75 Lakhs* the period/loan tenure is 1 to 6 years and the interest rate lies between {{HDFC_PL_INTEREST_RATE}}, depending upon the type of loan.
  • Once you set the values press ‘calculate’ and instantly you will get a graphical representation of how your EMIs will proceed with respect to the loan amount and the tenure. 
  • Also given on top would be the exact EMI you can expect for the loan amount and tenure you entered. 

HDFC Personal Loan Interest Calculator Formula

When using the HDFC personal loan EMI calculator 2023,it is vital to remember that the calculation of your personal loan EMI is done using the following formula:


Here, the three important inputs are — the principal, the rate of interest, and the tenure of the loan itself (in months).   

In the formula for Personal Loan Interest Rate:

RInterest Rate 
NTenure For Repayment
PThe Principal Amount

Know in detail: Simple Interest Formula Calculation.

Benefits of HDFC Personal Loan EMI Calculator

Here are some of the main benefits that customers can enjoy while using the HDFC personal loan EMI calculator :

  • Using an EMI helps you ascertain whether you are eligible to avail of any personal loans or not.
  • An EMI Calculator is a tool that eventually helps you to also plan ahead and budget your finances once you know what EMI to expect per month on the personal loan you take. 
  • Using the HDFC personal loan EMI calculator 2023 can also help you compare different personal loans from the same bank or across different banks with ease w.r.t the EMI and interest rates. 
  • When you use the HDFC personal loan EMI calculator 2023 you get to see your EMI payments in a graphical format which helps aid better understanding and decision making. 
  • This is also a highly accurate tool to base your decisions on as it is 100% error-proof. As a result, you are saved from the trouble of getting into lengthy calculations and can expect correct results within seconds.

Additional Info: Check Personal Loan for Women and its interest rate.

Why Should You Use The HDFC Bank Personal Loan EMI Calculator

By using the HDFC Bank personal loan EMI calculator, there is significant scope of accurate results as compared to calculations done by humans. This is a complex calculation, and there can be errors when we calculate on our own. Using the HDFC personal loan EMI calculator can help you get the correct perspective on your EMIs just in a matter of seconds. 

Use HDFC Bank Personal Loan EMI Calculator To Estimate The EMI That Fits Your Budget

Here are some ways through which you can plan your EMIs as per your budget with the help of the HDFC bank personal loan EMI calculator:

Loan Prepayment

Although with a personal loan, you can meet several monetary requirements immediately, it is also great to manage your finances and budget them in a way that you can fit in your EMIs and pay them off without any issues if that leaves you with enough money to prepay your loan, nothing like it. 

Use the HDFC bank personal loan EMI calculator to calculate the EMI you can pay off most comfortably and then accordingly take the loan. You can collect any surplus funds at the end of the month and then make a partial repayment of the loan as a lump sum after 2-3 months. This will reduce either your loan tenure or will bring down your subsequent EMIs. 

Managing the Loan Tenure

If you are sure that the loan amount is fixed, you can use the HDFC bank personal loan EMI calculator to figure the right balance between the loan tenure and the EMIs. When you extend the loan tenure, you pay more interest on the loan, but at the same time, your EMIs get reduced. Find out the EMI that you can pay comfortably by increasing the loan tenure on the calculator. 

Deciding between Floating Vs Fixed Rate of Interest 

Use the HDFC bank personal loan EMI calculator to see how the fixed rate of interest affects your EMIs vs how even a slight reduction in the rate of interest brings down your EMI. Accordingly, based on the analysis, you can decide upon which kind of interest rate to opt for.

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. 

What HDFC Personal Loan EMI Calculator Cannot Tell You

Where on the one hand, your HDFC personal loan interest rate EMI calculator offers you an insight into many things that help you make a well-informed decision. It is unable to tell you certain others. There are: 

  • Approval Of Loan: You cannot find out whether your loan has been approved or not by using your HDFC bank personal loan EMI calculator. For that, you have to wait for an email confirmation from the bank.  
  • Fluctuations In ROI: The HDFC personal loan EMI calculator is not equipped to predict any changes or fluctuations in your personal loan’s rate of interest.  
  • Penalties and Charges: The HDFC personal loan EMI calculator can in no way tell you what kind of additional charges the bank will levy on the loan. This includes prepayment charges, delayed payment fees, etc.   

Amortization Table

YearOpening BalanceAmount paid by customer (EMI*12)Interest paid during the yearPrincipal paid during the yearClosing Balance

HDFC Personal Loan EMI Calculator FAQs

Under what circumstances can I take an HDFC Bank personal loan?


You can take a personal loan from HDFC Bank for various reasons, including child’s marriage, debt consolidation, travel, educational expenses, health concerns, and even shopping.

Do I need a co-applicant for taking HDFC Bank personal loan?


No, there is no need to apply for an HDFC Bank personal loan with a co-applicant.

Also Check: HDFC CIBIL Score

What is a Pre-approved Personal Loan?


A pre-approved personal loan is a loan that does not require any collateral or security. Such loans have already been screened and approved by the banks and are offered to select customers based on their records and credit scores.

What to do if the bank rejects my personal loan application?


Your personal loan application may get rejected due to any of the following reasons. So make sure to resolve as many as possible before you reapply:

  • Outstanding Loans: If you have high outstanding loans, your personal loan may not get approved. In such a case, try to pay off some of the loans and reapply. You can also apply for a personal loan by getting a co-applicant on board.
  • Low Credit Score: To get a personal loan, your credit score must be between 650 to 700. Look for discrepancies on your credit report and get them resolved at the earliest before reapplying.