HDFC Home Loan EMI Calculator

HDFC Home loan calculator helps you to calculate home loan EMI very quickly and with a lot of ease. It can also help you in taking correct and informed decisions about buying a home and managing and planning your cash flows. HDFC Bank offers home loans with EMI starting with INR 762 per lac and an interest rate starting with 8.40 % p.a. with additional features like flexible repayment options and top-up loans.


By providing customers, with long repayment tenure and low-interest rates it becomes the most suitable option for home loan EMI. With a reasonable EMI option, an HDFC Home loan is lighter on your pocket.


What is Home Loan EMI Calculator?


Home loan EMI is the basic calculation of the loan installment i.e. EMI of your home loan. It is easy to use the HDFC Home Loan EMI calculator and it acts as a financial tool that helps you to buy a home.


What is Home Loan EMI?


EMI stands for Equity Monthly Installment, it includes both repayment of the principal amount and interest amount on your home loan. A longer tenure means less amount of EMI, the maximum amount of EMI that a person can take is 30 years.


ILLUSTRATION: How is EMI on Home Loan Calculated?


The formula for EMI Calculation is –

P x R x (1+R)^N / [(1+R)^N-1] where-

= Principal loan amount

= Loan tenure in months

= Monthly interest rate

The rate of interest (R) on your loan is calculated per month.

R = Annual Rate of interest/12/100

If the rate of interest is 7.2% p.a. then r = 7.2/12/100 = 0.006


For example, If a person avails a loan of INR 10,00,000 at an annual interest rate of 7.2% for a tenure of 120 months (10 years), then the EMI will be calculated as under:


EMI= ₹10,00,000 * 0.006 * (1 + 0.006)120 / ((1 + 0.006)120 – 1) = ₹11,714.

The total amount payable will be ₹11,714 * 120 = ₹14,05,703. The principal loan amount is ₹10,00,000 and the Interest amount will be ₹4,05,703

Calculating the EMI manually using the formula can be tedious.

HDFC Bank’s EMI Calculator can help you calculate your loan EMI with ease.


How does EMI calculation help in planning the home purchase? 

HDFC EMI calculation gives you a fair and correct idea about the amount that has to be paid towards EMI and about the outflow that has to be paid every month for a house loan. This helps you to estimate the loan amount and the contribution that you can make and also the cost of the company.


Looking at the above benefits, knowing your EMI is crucial for the calculation of home eligibility and helps you plan your home in a proper and planned way.


HDFC Bank Home Loan Key Features and Benefits 

  1. HDFC Home loancan be used to purchase a flat, raw house, or bungalow from private developers in approved projects.
  2. Home loans can be used to buy property from Delhi Development Authority such as DDA, MHADA, etc.
  3. Home loans can be used to purchase properties in an existing Co-operative housing society Apartment Owners’ Association or Development Authorities settlements or privately built-up homes.
  4. Home loans can also be used in freehold or leasehold plots or on a plot allotted by Delhi Development Authority.
  5. HDFC Bank provides you with technical and financial advice so that you can make the correct decision for buying a house.
  6. It offers a wide and integrated network that is approachable in any part of India.
  7. HDFC Bank offers Special arrangements with AGIF for Home Loans for those employed in the Indian Army.

HDFC Bank’s tailor-made home loan is for one and all, it caters to all age groups. They provide you with longer tenure periods maximum of 30 years which make it easy to repay the amount. It also gives adjustable interest rates especially to cater younger population, to make them owners at a very young age. HDFC is providing home loans for more than 4 decades, catering to all the diverse needs of the customer and fulfilling their dreams of becoming a homeowner.

How to use HDFC Bank’s Home Loan EMI Calculator?

You have to simply follow 3 steps to come up with the desired EMI, these steps are as follows:

  1. Loan Amount – You need to input the desired amount that you need to avail.
  2. Loan Tenure (in years) – You have to input the desired loan term, the longer the term less would be the EMI.
  3. Interest Rate (p.a.) – You have to input the interest rate.


Home Loan Interest Rates:


HDFC Bank offers low-interest rates starting from 8.40 p.a. This rate of interest is applicable to Home Loans, Balance Transfer Loans, House Renovation, and Home Extensions Loans.


HDFC Home loan offers an adjustable rate loan as well as a truly fixed home loan, which means the interest rate will be fixed say for 2 years in the complete loan term, then it will again become an adjustable rate loan.


Adjustable Rate Home Loans

All rates are benchmarked to Policy Repo Rate. Current applicable Rep o Rate = 6.50%

Standard Home Loan Rates for Professionals & Non-Professionals
Loan Slab Home Loan Interest Rates (% p.a.)
For All Loans* Policy Repo Rate + 1.90% to 2.50% = 8.40% to 9.00%

What is Home Loan Amortization Schedule?


Loan Amortization is the process of reducing your debt by paying regular payments during loan periods. It is a table that shows you the debt amount, principal amount, and interest component that you need to pay.

HDFC Bank’s EMI calculators give a fair understanding of the ratio of the principal amount to the interest due, based on the loan tenure and interest rates.


For example, if a customer has taken a loan of INR 10 lac for a period of 10 years at an interest rate of 12%, then the amortization table would be the following:

Month Principal (In INR) Interest (In INR) Principal + Interest To be paid (In INR)
1 4347 10000 14347 995653
2 4391 9957 14347 991262
3 4434 9913 14347 986828
4 4479 9868 14347 982349
5 4524 9823 14347 977825
6 4569 9778 14347 973257
7 4615 9733 14347 968642
8 4661 9686 14347 963981
9 4707 9640 14347 959274
10 4754 9593 14347 954520
11 4802 9545 14347 949718
12 4850 9497 14347 944868


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