HDFC Bank Loan EMI Calculator
HDFC Bank personal loan EMI starts at ₹9,275/month at 10.5% interest. Calculate exact EMI for ₹50,000–₹40,00,000 loans with amortization schedule.
₹
₹50,000₹40,00,000
%
10.5%24.0%
12 Mo60 Mo
Monthly EMI
₹9,275
Total Interest
₹22,605
Total Payment
₹2,22,605
Monthly EMI
₹9,275
Principal Amount
₹2,00,000 (89.8%)
Total Interest
₹22,605 (10.2%)
Amortization Schedule
| Year | Principal | Interest | Total Paid | Balance |
|---|---|---|---|---|
| Year 1 | ₹94,775 | ₹16,525 | ₹1,11,300 | ₹1,05,225 |
| Year 2 | ₹1,05,219 | ₹6,081 | ₹1,11,300 | ₹6 |
By Gaurav Gupta, Credit SpecialistUpdated
HDFC Bank Personal Loan at a Glance
Interest Rate
10.5%
to 24%
Max Amount
₹40,00,000
min ₹50,000
Min CIBIL
700
minimum score
Tenure
Up to 60 mo
min 12 months
HDFC Bank Loan Details
| Interest Rate | 10.5% — 24% p.a. |
| Loan Amount | ₹50,000 to ₹40,00,000 |
| Tenure | 12 to 60 months |
| Processing Fee | Up to 2.5% |
| Prepayment Charges | 2-4% of outstanding |
| Min CIBIL Score | 700+ |
| Min Monthly Salary | ₹25,000 |
| Age Requirement | 21 to 60 years |
| Employment Types | Salaried, Self-employed |
| Disbursal Time | 24 hours |
EMI Example: ₹2,00,000 at 10.5%
Loan Amount: ₹2,00,000
Interest Rate: 10.5% p.a. (best rate)
Tenure: 24 months
Monthly EMI: ₹9,275
Total Interest: ₹22,600
Total Payment: ₹2,22,600
Pros
- +Largest private bank — high trust
- +Competitive rates for 750+ CIBIL
- +Instant approval for existing customers
- +Paperless digital process
- +High loan amounts up to ₹40L
Cons
- -Strict CIBIL requirement (700+)
- -Higher rates for lower CIBIL
- -Processing fee can be high
HDFC Bank EMI Calculator — FAQs
What is the EMI for a HDFC Bank personal loan?
For a ₹2,00,000 loan at 10.5% interest for 24 months, the EMI would be approximately ₹9,275 per month. Total interest payable would be ₹22,600. Use the calculator above to try different amounts and tenures.
What interest rate does HDFC Bank charge on personal loans?
HDFC Bank charges personal loan interest rates starting from 10.5% p.a. going up to 24% p.a. The actual rate depends on your credit score, income, employment type, and existing obligations. A CIBIL score of 750+ typically gets you rates closer to the lower end.
What is the minimum CIBIL score for a HDFC Bank personal loan?
The minimum CIBIL score required for a HDFC Bank personal loan is 700. A higher score (750+) will help you get a lower interest rate and better terms.
Can I prepay my HDFC Bank personal loan early?
HDFC Bank's prepayment policy: 2-4% of outstanding. Prepaying your loan reduces the outstanding principal and can save you significant interest over the remaining tenure. Use the calculator to see how much you can save.
How fast does HDFC Bank disburse personal loans?
HDFC Bank typically disburses personal loans within 24 hours. Disbursal time depends on document verification, KYC completion, and your profile. Existing HDFC Bank customers may get faster disbursal through pre-approved offers.
Compare EMI Across Other Lenders
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Calculate EMI →🤖
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💡 How this HDFC Bank EMI calculator works
- The calculator applies the standard amortising formula — P × r × (1+r)^n ÷ ((1+r)^n − 1) — where P is your loan amount, r is the monthly interest rate (annual rate ÷ 12 ÷ 100), and n is tenure in months, giving you a fixed EMI that blends interest and principal repayment every month.
- HDFC Bank prices personal loans between 10.5% and 24.0% p.a. — your actual rate depends on your credit score, income, employer category, and existing relationship with the bank.
- The three inputs that shift your EMI the most are principal (up to ₹40 lakh), tenure (12–60 months), and the interest rate offered to you — even a 2% rate difference on ₹10 lakh over 48 months changes your EMI by roughly ₹1,000.
📊 Sample EMI scenarios
- ₹2 lakh at 10.5% for 12 months = ₹17,622/month, total interest ₹11,464 over tenure — the low-cost, short-tenure case for salaried borrowers with strong credit.
- ₹5 lakh at 13.0% for 36 months = ₹16,851/month, total interest ₹1,06,636 over tenure — a typical mid-ticket loan for a home renovation or medical expense.
- ₹15 lakh at 16.0% for 60 months = ₹36,424/month, total interest ₹6,85,440 over tenure — reflects a longer tenure that lowers the monthly outgo but substantially increases total interest paid.
- ₹40 lakh at 24.0% for 60 months = ₹1,13,923/month, total interest ₹28,35,380 over tenure — the maximum amount at the ceiling rate; demonstrates how a high rate compounds over five years.
🎯 Prepayment + tenure trade-offs
- Cutting tenure from 60 months to 36 months on a ₹10 lakh loan at 14% saves roughly ₹1,76,000 in total interest — the EMI rises from ₹23,268 to ₹34,178, but you exit debt two years earlier.
- HDFC Bank typically levies a prepayment charge of 2%–4% on the outstanding principal if you foreclose before completing 12 EMIs — factor this fee into your savings calculation before making a lump-sum payment.
- Dropping your rate from 18% to 12% on a ₹8 lakh, 48-month loan reduces total interest by approximately ₹1,28,000 — negotiating your rate upfront is more powerful than prepaying mid-tenure.
- Using this calculator with different rate and tenure combinations lets you compare the true cost across loan structures; checking your eligibility before applying helps you target the lower end of HDFC Bank's rate band.
Compare HDFC Bank with 14 other lenders — automatically
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