# HDFC Personal Loan EMI Calculator Helps Repay Smartly

HDFC Personal Loan EMI Calculator is a tool that helps you know the EMI amount. It is just like working with a normal calculator. Enter the loan details and the EMI will be displayed. Using the formula P x R x (1+R)^N] / [(1+R)^N-1], the HDFC Personal Loan EMI Calculator helps you calculate the EMI. In the formula, P is the loan amount, R is the interest rate and n is the tenure. Read this page further and know more about the calculator.

How to Use HDFC Personal Loan EMI Calculator?

The tool is designed to help you plan your loan repayment. You can use the calculator by following the below steps –

• Visit the official website of HDFC Bank
• Go to the ‘Borrow’ section
• Choose ‘Personal Loan’
• Now, a new page will appear wherein you need to do the following
• There you’ll see ‘EMI Calculator’ at the top
• Insert the details of your loan – such as principal amount, interest rate and tenure
• After that, click on the ‘Calculate’ button

What Result Do You Get from the HDFC Personal Loan EMI Calculator?

When you use the HDFC Personal Loan EMI Calculator, you can see the possible EMI amount plus the total payment structure in the graph. Check out the graph and see the yearly principal and interest payouts. For more details, check out this example below.

Sanjay is a 26-year old salaried employee in a publishing company. Next week is his wedding and there has been a shortage of money due to the destination wedding theme. Now that the expenses have risen so much that he needs a lump sum of INR 8 Lakh. After evaluating many options, he wants to apply for HDFC Personal Loan. The bank offers the desired loan amount at an interest rate of 14.00% per annum. Now, Sanjay needs to choose a tenure from 12 to 60 months.

To decide the tenure, he takes the help of the HDFC Personal Loan EMI Calculator that gives him the following results –

Three Years Tenure

The total interest and principal payout will be as follows –

• Principal – INR 2,30,525 and Interest – INR 97,580 in the first year
• Principal – INR 2,64,952 and Interest – INR 63,152 in the second year
• Principal – INR 3,04,836 and Interest – INR 23,584 in the third year

Does the HDFC Personal Loan EMI Calculator Help Getting Affordable EMIs?

Yes, it does, you just need to change the values inside the HDFC Personal Loan EMI Calculator until you get the desired loan amount. You’ll know it better with the below example.

Sameera is looking forward to her home renovation and due to a pipe leakage, some of the work has been ruined now. It means, there will be a requirement of more money for the repair and rework. Her friend advised her to get a loan. After searching on the internet she came across the HDFC Personal Loan.

The bank is offering a loan of INR 6 Lakh at an interest rate of 11.25% per annum. Now, all she has to do is choose a tenure. For this, Sameera takes the help of the EMI calculator and enters the loan details. Let’s see the EMI results for different tenures.

For a 24-month tenure, Sameera needs to pay an EMI of INR 28,034. And she couldn’t afford such a high EMI amount so this is not the right tenure for her. She changed the tenure to 48 months. Now, the possible EMI would be INR 15,580. This is a flexible tenure and it allows her to manage the day-to-day expenses and EMI at the same time.

So, if you have been troubled with the EMI payment, next time use the HDFC Personal Loan EMI Calculator.