Tag Archives: personal loan emi calculator HDFC bank

HDFC BANK Personal loan EMI Calculator December 2018

(Updated on 04.12.2018) HDFC BANK Personal loan EMI Calculator December 2018 – Personal Loan is one of the many loans which you can avail from any bank. Personal loans can be utilized for any immediate personal financial requirement, mainly for purposes like debt consolidation, funding unexpected expenses, for small home improvement projects, daughter’s marriage, funding holiday trip and lots more. Personal loans are usually unsecured loans, that is, no collateral is required to avail this loan.

Personal loan amount depends on your income flow, repayment capacity, credit history and also on nature of job or business. If you have a better credit score and higher income, then, you can borrow more amount from the bank. Usually, personal loans come at higher rate of interest with long tenure with minimum processing fee and prepayment charges. HDFC Bank Personal Loan offered at highly competitive personal loan interest rates with special interest rates subsidy for HDFC bank customers who maintain regular transactions with the bank. HDFC bank personal loan has the following features and benefits:

  • Most affordable personal loan at interest rates in the range of 15.75% to 20%.

  • Minimum processing fee of 2.50% of the loan amount subject to a minimum of Rs. 1,000 and to a maximum of Rs. 25,000 for salaried individuals.

  • No pre-payment is allowed until repayment of 12 EMIs.

  • Higher loan amount of Rs. 25 lakhs.

  • Maximum loan repayment period is 5 years.

  • ‘HDFC Bank Personal Loan Diva’, a tailor-made Personal Loan exclusively for women.

  • Simplified documentation process.

    GET INSTANT PERSONAL LOAN QUOTES ONLINE

    Professional Details
    Loan Amount
    Occupation
    Yearly Income
    City
    Disclaimer: We do not provide Personal Loans but help you to connect with banks to get best deals.
    All loans are on sole discretion on the respective banks

    How to use Personal Loan EMI calculator?

HDFC Bank personal loan EMI calculator is the easy tool to use. Personal Loan EMI calculator helps you to assess whether you will be able to repay back your loan amount or not. You just need to enter the desired personal loan amount, the loan tenure in months, and the interest rate (current interest rates). The EMI calculator will automatically calculate your total payable amount of the loan taken including interest rates, your monthly payment and also the total payable interest. Steps to follow:

Step 1: Enter the loan amount. For e.g. Rs. 1,00,000/-

Step 2: Enter the interest rate (current interest rate). For e.g.: 15.75%

Step 3: Enter the loan tenure in months, i.e. for how many months you want to avail the loan. For e.g. 60 months.

The moment you click the ‘calculate’ button you will get all the details at one place. You will come to know your monthly EMI, total amount with interest, flat interest rate per annum, flat interest rate per month, total interest amount and Yearly interest amount. This will help you to take the right decision at right point of time to avail a perfect and comfortable personal.

What is Personal Loan EMI?

EMI is the short form of ‘Equated Monthly Installment’. EMI is the total amount which is payable per month at the bank on the loan amount availed by you. EMI is payable every month untill unless you fully repay your loan amount. EMI is consists of a portion of the principal loan amount and the interest due on the loan. EMI depends on the principal loan amount, personal loan interest rate and tenure of personal loan.

HDFC Bank Personal Loan EMI Calculator

Fill Loan Amount, Interest rate & Tenure in Fields & get Instant Calculation for Personal loan emi within seconds.
Loan Amount
Interest Rate (Reducing) % Per Annum
Loan Tenure (in Months)
 
Monthly EMI
Total Amount with Interest
Flat Interest Rate PA
Flat Interest Rate PM
Total Interest Amount
Yearly Interest Amount

HDFC Bank Personal Loan EMI Calculator- EMI Chart

HDFC Bank Personal Loan at the lowest EMI of Rs. 2,419. Compare and get the preferred personal loan at your earliest.

Loan Amount(In Rs.)

Loan Tenure(In Yrs.)

Interest Rate(p.a.)

Monthly EMI(In Rs.)

Total Interest Outgo(In Rs.)

Total Amount(EMI+Interest)

1,00,000

1

15.75%

9,061

8,735

1,08,735

1,00,000

2

15.75%

4,884

17,225

1,17,225

1,00,000

3

15.75%

3,503

26,121

1,26,121

1,00,000

4

15.75%

2,821

35,420

1,35,420

1,00,000

5

15.75%

2,419

45,113

1,45,113

HDFC Bank Personal Loan FAQs

1) Am I eligible for HDFC Bank Personal Loan?

Salaried doctors, CAs, employees of private limited companies, employees from public sector undertakings including central, state and local bodies are eligible for this loan. The age of the applicant at the time of application should be of 21 years.

2) What is the maximum loan amount I can get from HDFC Bank?

HDFC bank offers a maximum loan amount of Rs. 10 lakhs. The higher the loan repayment capacity the higher is the loan amount eligibility. You should in a job for at least 2 years, and your employment term with the current company should be of 1 year.

3) Do I need a third party guarantor while applying for HDFC Bank Personal Loan?

You need to provide a third-party guarantor at the time of applying for personal loan.

4) what are the pre-payment charges?

For Salaried Individuals:

  • For 13-24 Months – 4% of Principal Outstanding amount.

  • For 25-36 Months – 3% of Principal Outstanding amount.

  • Above 36 Months – 2% of Principal Outstanding amount.