HDFC Personal Loan EMI Calculator

EMI Calculator 852 views

About HDFC Personal Loan Calculator

If we talk about HDFC personal loan, how an EMI calculator be missed?  It is one such important tool that can actually help you in taking a calculative decision and allows you to know the exact calculations of your monthly installments. Well, if you are someone who is interested in taking a personal loan from HDFC, but have no idea how to calculate your personal loan EMIs, you are at the right place.

EMI Calculator for Personal Loan
Loan Amount (₹)
Interest Rate (%)
Loan Amount
Interest Rate
Monthly Instalment (EMI)
Total Interest Amount
Total Amount (Principal + Interest)
Year Principal Interest Balance Amount

What is Equated Monthly Installment (EMI)?

An EMI is a combination of principal loan amount and interest amount which is payable to banks/NBFCs every month until the loan amount is fully paid off. The ideal EMI for your personal loan should be 20%-30% of your monthly income.

Formula to Calculate Your EMI

To calculate your EMI, you need to use the below formula:

E = P . r . (1+r)^n/((1+r)^n – 1)

In this:


P=Principal Loan Amount

r=Monthly Interest Rate

n=Monthly Loan Tenure

Well, you don’t have to bother as there is no need to use this complex formula in order to know your monthly installments. To ease your burden and to save the time, you have the option of using an EMI Calculator, which is an effective tool to know your monthly installments.

Personal loan EMI Calculator is one such effective tool that enables you to calculate your EMIs, interest outgo and total amount payable on a loan in a hassle-free and instant manner. To use the loan calculator, you just need to know your –

  • Loan Amount
  • Interest Rate
  • Loan Tenure

With the help of feeding these credential into the device, it will churn out the results for you in the least time frame. However, to have a better understanding on the same, let’s take the help from an example listed below.

Ashish Mishra is willing to take a personal loan from HDFC Bank of ₹5 lakhs loan amount for the tenure of 5 years at an interest rate of 10.99% per annum, what would be his EMIs and interest outgo in the future? Just take a look at the table below to know about the same.

Table Showing EMI, Interest Outgo, and Total Repayment Amount

Loan Amount Interest Rate Tenure Monthly Instalment Total Interest Amount Total Amount

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

Year Principal Interest Balance Amount

Personal loan EMI is Calculated on the Basis Of

  1. Loan Amount – Loan amount plays a crucial role in calculating your EMI. How much loan amount, you are willing to take will give its share in your monthly EMI.
  2. Interest Rates – How much interest rate a bank is offering you for a personal loan is another deciding factor while calculating your EMI. Many banks/NBFCs provide you with fixed or reducing interest rates for the personal loan, on the basis of which the amount of your EMI varies.
  3. Tenure – Tenure is another deciding factor when it comes to calculating the EMI. For how long, you are taking the loan plays a crucial role in deciding your personal loan EMI.

Benefits of using Loan EMI Calculator

  • Accuracy – As there is no manual calculation is involved, thus this device gives you the accurate results. You just need to feed the details, it will give you the exact calculations of your loan with a lot of accuracy.
  • Time Saving – This smart tool fetches the results for you in seconds. The moment you enter the data into the device, within few seconds, it will show the results to you, hence saves your lot of time and energy.
  • Endlessly Adjustable – The best thing about this tool is the fact that you can use it many times and most importantly can adjust the same according to your needs. You can change the values anytime and the device will automatically adjust to the same.

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