Home Credit Personal Loan EMI Calculator
Calculate your monthly EMI for Home Credit personal loans at 19%-56% interest for amounts up to ₹2,00,000.
₹
₹10,000₹2,00,000
%
19.0%56.0%
9 Mo48 Mo
Monthly EMI
₹10,082
Total Interest
₹41,961
Total Payment
₹2,41,961
Monthly EMI
₹10,082
Principal Amount
₹2,00,000 (82.7%)
Total Interest
₹41,961 (17.3%)
Amortization Schedule
| Year | Principal | Interest | Total Paid | Balance |
|---|---|---|---|---|
| Year 1 | ₹90,606 | ₹30,378 | ₹1,20,984 | ₹1,09,394 |
| Year 2 | ₹1,09,394 | ₹11,584 | ₹1,20,984 | ₹0 |
Home Credit Personal Loan at a Glance
Interest Rate
19%
to 56%
Max Amount
₹2,00,000
min ₹10,000
Min CIBIL
None
No CIBIL needed
Tenure
Up to 48 mo
min 9 months
Home Credit Loan Details
| Interest Rate | 19% — 56% p.a. |
| Loan Amount | ₹10,000 to ₹2,00,000 |
| Tenure | 9 to 48 months |
| Processing Fee | Up to 5% |
| Prepayment Charges | Nil |
| Min CIBIL Score | No minimum — accepts new-to-credit |
| Min Monthly Salary | ₹8,000 |
| Age Requirement | 19 to 68 years |
| Employment Types | Salaried, Self-employed, New-to-credit |
| Disbursal Time | 48 hours |
EMI Example: ₹2,00,000 at 19%
Loan Amount: ₹2,00,000
Interest Rate: 19% p.a. (best rate)
Tenure: 24 months
Monthly EMI: ₹10,082
Total Interest: ₹41,968
Total Payment: ₹2,41,968
Pros
- +No CIBIL required
- +Very low minimum salary (₹8,000)
- +Strong Tier 3/4 presence
- +Doorstep service
Cons
- -Very high interest rates (up to 56%)
- -High processing fees
Home Credit EMI Calculator — FAQs
What is the EMI for a Home Credit personal loan?
For a ₹2,00,000 loan at 19% interest for 24 months, the EMI would be approximately ₹10,082 per month. Total interest payable would be ₹41,968. Use the calculator above to try different amounts and tenures.
What interest rate does Home Credit charge on personal loans?
Home Credit charges personal loan interest rates starting from 19% p.a. going up to 56% 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 Home Credit personal loan?
Home Credit does not have a strict minimum CIBIL score requirement. They may approve loans for borrowers without a credit history or with lower scores, though interest rates may be higher.
Can I prepay my Home Credit personal loan early?
Home Credit's prepayment policy: Nil. 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 Home Credit disburse personal loans?
Home Credit typically disburses personal loans within 48 hours. Disbursal time depends on document verification, KYC completion, and your profile. Existing Home Credit customers may get faster disbursal through pre-approved offers.
Compare EMI Across Other Lenders
HDFC Bank
from 10.5% · up to ₹40,00,000
Calculate EMI →State Bank of India
from 11.05% · up to ₹20,00,000
Calculate EMI →ICICI Bank
from 10.65% · up to ₹50,00,000
Calculate EMI →Bajaj Finserv
from 11% · up to ₹40,00,000
Calculate EMI →Axis Bank
from 10.49% · up to ₹15,00,000
Calculate EMI →Kotak Mahindra Bank
from 10.99% · up to ₹35,00,000
Calculate EMI →Compare Home Credit with 14 other lenders — automatically
GoCredit's AI agent finds the lowest EMI across 55+ lenders for your exact profile. Home Credit might not be the cheapest option for you.
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