HDFC Personal Loan EMI Calculator 2022

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HDFC Personal Loan EMI Calculator 2022: HDFC Bank Limited provides a tool “HDFC Personal Loan EMI Calculator” that helps you to figure out the monthly instalments on your loan. With this tool you can easily calculate your personal loan EMI in a few steps. HDFC Personal Loan EMI Calculator is simple and free to use. HDFC’s EMI Calculator for a Personal Loan can helps you instantly calculate your pay-outs and, therefore, plan your loan and repayment better.

To calculate your EMI, just enter the loan amount, interest rate and loan tenure and your EMI will be displayed instantly. You can enter loan amount from 50,000 to 4,000,000 and tenor from 1 to 5 years. If you want to reduce your EMI, you can do so by reducing the loan amount or interest rate or extending the tenure. If you can afford higher monthly payments, you may consider increasing the loan amount or shortening your term.

What is HDFC Personal Loan EMI Calculator?

HDFC Personal Loan EMI Calculator is a free to use tool provides by HDFC Limited for calculation of the loan installment i.e. EMI towards your Personal loan. With this tool you can easily calculate your Personal loan EMI in a few steps. HDFC’s EMI Calculator for a Personal Loan can helps you instantly calculate your pay-outs and, therefore, plan your loan and repayment better.

READ ALSO:- HDFC Home Loan EMI Calculator 2022

EMI Calculation Formula

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

  • = Principal loan amount
  • EMI= Equated Monthly Installment
  • = Loan tenure in months
  • = Monthly interest rate

For Example:-

If the Principle Amount is Rs. 1 lakh with a rate of interest of 10% and tenure of 5 years, the EMI will be calculated as-

[1,00,000 X 10 X(1+10)^5]/[(1+10)^5-1]= 2,124

How To Use HDFC Personal Loan EMI Calculator 2022?

You can calculate EMI online through HDFC Limited. This is one of the simplest and convenient way to calculate your HDFC Personal Loan. Here is the steps to calculate your HDFC Personal Loan.

  • Step: 01- Visit the official website of the HDFC Limited.
  • Step: 02- On the homepage you will find the option “ Personal Loan“.
  • Step: 03- Click on the link & go to the “Loan” sections.
  • Step: 04-  In the loan section you will find the link for calculators.
  • Step: 05- Click on the link and various loan calculators will appear in front of you.
  • Step: 06- Select EMI Calculator to check your Personal loan amount.
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How to Check HDFC Personal Loan Interest Rate?

How to Check HDFC Personal Loan Status Online?

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