HDFC Personal Loan EMI Calculator

Looking to take a personal loan from HDFC Bank? Understanding your monthly repayment in advance can help you plan better. Whether you're comparing multiple loan options or deciding on a tenure, this HDFC Personal Loan EMI calculator makes the process quick, accurate, and hassle-free.

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Updated: 22-04-2025 11:51:07 AM

HDFC Personal Loan EMI Calculator is an online tool offered by HDFC Bank, using which personal loan borrowers can calculate their EMI and interest cost.. The EMI amount may vary based on the HDFC Personal Loan Interest Rate, loan amount and repayment tenure chosen by the borrower. Borrowers can also use Paisabazar’s EMI Calculator for Personal Loan to choose the optimal tenure and EMIs for their HDFC Bank Personal Loan, depending on their repayment capacity.

Instantly Calculate Your Personal Loan EMI Online

You can instantly calculate your personal loan EMI, total interest cost payable, and total loan amount using an EMI calculator – saving both time and effort. You can compare multiple loan options and plan your finances better with clear insights into your monthly payments.

Personal Loan EMI Calculator

Amount

₹

Interest Rate

Tenure

Year(s)

Personal Loan EMI Calculator

Monthly EMI ₹ 15,622

Total Amount Payble ₹ 5,62,395(Principal + interest)

Principal Amount ₹ 5,00,000

Total Interest Payble ₹ 62,395

Comparison of HDFC Personal Loan EMI with Top Banks:-

Lender	Interest rate (% p.a.)	EMI (Rs) Loan Amount. – Rs 5 lakh Tenure – 5 years	EMI (Rs) Loan Amount. – Rs 1 lakh Tenure – 5 years
HDFC Bank	10.90-24.00	10,834-14,384	2,167-2,877
Tata Capital	11.99 onwards	11,120 onwards	2,224 onwards
ICICI Bank	10.85-16.65	10,834-12,332	2,167-2,466
Bank of Baroda	10.90-18.30	10,846-12,778	2,169-2,556
Axis Bank	11.25 onwards	10,896 onwards	2,179 onwards
Kotak Mahindra Bank	10.99-16.99	10,869-12,424	2,174-2,485
Bank of India	11.60-16.20	11,021-12,212	2,204-2,442
Canara Bank	10.45-15.90	10,722-12,132	2,147-2,426

The interest rates are updated as of 22 April 2025

Missed Your HDFC Personal Loan EMI? Here’s What It Could Cost You

If you miss personal loan EMIs, HDFC Bank levies late payment charges, which can add up to the total cost of your loan and may affect your credit score. Here’s what happens if you fail to repay your EMIs on time:-

Penal Rate: 1.50% per month (18% p.a.) plus applicable taxes on the overdue instalment amount.
This charge is applied if the instalment remains unpaid after the expiry of the grace period of 7 days after the instalment due date.

Stay vigilant with your payments to avoid unnecessary charges and keep your loan on track!

How You Can Reduce EMI on Your Personal Loan

Make Prepayments Whenever Possible: Paying a portion of your personal loan early gives you two options:-
- Either reduce your EMI or
- Shorten the loan tenure.

Borrowers should note that lenders levy prepayment charges on personal loans offered at fixed interest rates. Additionally, some lenders have a lock-in period of 1 year after which you can make partial or full prepayments.

Choose lower EMIs: If you are struggling to repay your existing EMIs, contact your respective lender to reduce EMI. But note that this can lead to an increase in your repayment tenure and thereby higher interest cost.
Transfer Your Personal Loan: Opting for balance transfer of your personal loan to another lender offering a lower interest rate can help reduce your EMI and save on interest cost. Borrowers should note the following before transferring the loan:-
The new lender may charge processing fees, administrative fees, etc., for the balance transfer.
Ensure that the savings on interest are significantly higher than the costs incurred during the loan transfer process. Use the personal loan EMI calculator to check how much you can save on EMIs before you opt for the balance transfer.

Benefits of Using Online EMI Calculator

Instantly calculate your EMI, total interest payable and interest cost based on the loan amount, interest rate, and tenure.
Instead of manual EMI calculation, the online calculator does the work in seconds, saving you valuable time.
Allows you to compare multiple loan options, interest rates, and tenures across multiple lenders, helping you choose your best deal.
By knowing your EMIs upfront, you can make informed decisions about the loan amount and tenure based on your repayment capacity.
Provides clarity on your monthly payments, helping you plan your budget and manage your finances better.

FAQs on HDFC Personal Loan EMI Calculator

What is the EMI for Rs 5 Lakh HDFC Personal Loan for 5 years?

The EMI for a Rs 5 lakh personal loan depends on the interest rate and tenure chosen. You can calculate it using the HDFC EMI Calculator based on the specific loan terms. For instance, for a loan amount of Rs 5 lakh with an interest rate of 12% p.a. and a tenure of 5 years, the estimated EMI would be approximately Rs 11,122.

Can I use the EMI calculator for pre-approved HDFC Personal Loans?

You can use the Personal loan EMI calculator for pre-approved HDFC personal loans to estimate the EMI based on the different loan amounts, tenures, and interest rates.

Is HDFC Personal Loan EMI fixed or floating?

HDFC offers personal loans at fixed interest rates, i.e., EMI remains constant throughout the loan tenure.

Will part-prepayment reduce my EMI?

When you prepay a portion of the loan, the outstanding principal balance decreases, leading to a lower interest component in your EMI. You can choose to either reduce your EMI or shorten the loan tenure after a part-prepayment.

Is EMI the same every month in the HDFC Personal Loan?

HDFC offers personal loans at fixed interest rates, which means the EMI remains the same every month throughout the loan tenure.

What happens if I miss an EMI?

Missing an EMI can lead to late payment charges, EMI bounce charges, a drop in your credit score and affect the eligibility for future loans and credit cards. Continuous defaults beyond 90 days may result in the loan being classified as an NPA (Non-Performing Asset).

Can I calculate EMI for different tenures?

The EMI calculator allows you to calculate EMIs for various loan tenures, helping you choose the most suitable repayment option based on your repayment capacity.

Does using the EMI calculator affect my credit score?

Using the EMI calculator does not affect your credit score. It is simply an estimation tool for your loan repayment calculations.

Can I prepay my HDFC Personal Loan?

You can prepay your HDFC personal loan, subject to part prepayment fee of up to 4% of the principal outstanding.

HDFC Personal Loan EMI Calculator