HDFC Home Loan EMI Calculator

HDFC facilitates home loan services through HDFC Ltd. The loan offered is available at affordable rates to those who are eligible and have a good credit history. You also have the option to check the option to calculate EMIs in advance with the help of the loan EMI calculator. It helps in checking loan affordability and then proceed accordingly. Let us know more about this helpful tool.

EMI Calculator forHome Loan
Loan Amount (₹)
Interest Rate (%)
Tenure(year)
Results
Loan Amount
Interest Rate
Tenure(Months)
Monthly Instalment (EMI)
Total Interest Amount
Total Amount (Principal + Interest)
YearPrincipalInterestBalance Amount

Home Loan EMI Calculator

A home loan calculator is a tool that helps you know the details of your payment in advance. The Equated Monthly Installment (EMI) is directly dependent on the loan amount, the interest rate and the tenure applicable on the loan. Since a home loan is a long-time commitment, being aware of the EMI payments helps you manage the financial liabilities so that you can do smoother loan payment. The loan calculator of HDFC is simple and free to use. All you have to do is mention the loan amount you have taken, the interest rate (monthly) and the maximum tenure. You know that the interest rate you get from the bank is the annual rate of interest, the EMI calculator converts the rate into the monthly basis to do the calculation. You not only get the details of monthly installments but also can see the repayment and the balance amount details for each year of the loan. Here is an example:

Table Showing EMI, Interest Outgo, and Total Repayment Amount

Loan AmountInterest RateTenureMonthly InstalmentTotal Interest AmountTotal Amount
₹ 20,00,0008.35%1₹ 1,74,301₹ 91,608₹ 20,91,608
₹ 20,00,0008.35%2₹ 90,774₹ 1,78,580₹ 21,78,580
₹ 20,00,0008.35%3₹ 62,996₹ 2,67,862₹ 22,67,862
₹ 20,00,0008.35%4₹ 49,155₹ 3,59,444₹ 23,59,444
₹ 20,00,0008.35%5₹ 40,889₹ 4,53,318₹ 24,53,318
₹ 20,00,0008.35%6₹ 35,409₹ 5,49,467₹ 25,49,467
₹ 20,00,0008.35%7₹ 31,522₹ 6,47,875₹ 26,47,875
₹ 20,00,0008.35%8₹ 28,630₹ 7,48,522₹ 27,48,522
₹ 20,00,0008.35%9₹ 26,402₹ 8,51,384₹ 28,51,384
₹ 20,00,0008.35%10₹ 24,637₹ 9,56,437₹ 29,56,437
₹ 20,00,0008.35%11₹ 23,209₹ 10,63,652₹ 30,63,652
₹ 20,00,0008.35%12₹ 22,035₹ 11,72,998₹ 31,72,998
₹ 20,00,0008.35%13₹ 21,054₹ 12,84,442₹ 32,84,442
₹ 20,00,0008.35%14₹ 20,226₹ 13,97,948₹ 33,97,948
₹ 20,00,0008.35%15₹ 19,519₹ 15,13,480₹ 35,13,480

EMI, Total Interest Outgo, Total Repayment (Interest + Principal)

YearPrincipalInterestBalance Amount
1₹ 69,865₹ 1,64,366₹ 19,30,134
2₹ 75,928₹ 1,58,304₹ 18,54,206
3₹ 82,516₹ 1,51,716₹ 17,71,689
4₹ 89,676₹ 1,44,556₹ 16,82,013
5₹ 97,457₹ 1,36,774₹ 15,84,556
6₹ 1,05,914₹ 1,28,318₹ 14,78,641
7₹ 1,15,104₹ 1,19,128₹ 13,63,537
8₹ 1,25,092₹ 1,09,140₹ 12,38,445
9₹ 1,35,946₹ 98,286₹ 11,02,498
10₹ 1,47,742₹ 86,489₹ 9,54,756
11₹ 1,60,562₹ 73,670₹ 7,94,193
12₹ 1,74,494₹ 59,737₹ 6,19,699
13₹ 1,89,635₹ 44,596₹ 4,30,063
14₹ 2,06,090₹ 28,142₹ 2,23,973
15₹ 2,24,107₹ 10,259₹ 0

EMI Calculation Formula

The calculation in the EMI calculator is done through the below-given formula:

EMI = [P x R x (1+R)^N]/[(1+R)^N-1]
where,
EMI = Equated Monthly Installment
P = Principal Loan Amount
R = Monthly Interest Rate
N = Number of Monthly Installments

HDFC Home Loan Eligibility Calculator

Just like an EMI calculator, there is a calculator for eligibility. This is used to check the maximum loan amount a person can get. There is a requirement of a stable income so that the borrower can repay the loan without any hassle. However, this is subject to change from one applicant to another so the rate might not be the rate for everyone. Hence, for the reference purposes, you can use an eligibility calculator and check the maximum loan amount that you can get from HDFC Ltd. However, you can also refer to the general eligibility criteria for HDFC home loans.

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EMI Calculator