📐 EMI Calculator Formula
EMI = [P x R x (1+R)^N] / [(1+R)^N - 1]
- P: Principal Loan Amount
- R: Monthly Interest Rate (Annual Rate / 12 / 100)
- N: Loan Tenure in Months (Years x 12)
HDFC Bank Loan EMI Calculator
Planning to borrow from HDFC Bank? Estimate your Equated Monthly Installment (EMI) quickly. Pre-configured at HDFC's baseline rate of 8.75% P.A.
Input Parameters
₹
%
Yrs
Results
Monthly EMI₹9,994
Total Interest Payable₹7,99,008
Total Payment (Principal + Interest)₹17,99,008
Visual Breakdown
Total₹17,99,008
Principal Loan Amount:56%
Total Interest:44%
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Loan Amortization Schedule
| Year | Opening | Interest | Principal | Closing |
|---|---|---|---|---|
| 1 | ₹10,00,000 | ₹86,167 | ₹33,767 | ₹9,66,233 |
| 2 | ₹9,66,233 | ₹83,091 | ₹36,843 | ₹9,29,391 |
| 3 | ₹9,29,391 | ₹79,735 | ₹40,199 | ₹8,89,192 |
| 4 | ₹8,89,192 | ₹76,073 | ₹43,861 | ₹8,45,331 |
| 5 | ₹8,45,331 | ₹72,077 | ₹47,856 | ₹7,97,474 |
| 6 | ₹7,97,474 | ₹67,718 | ₹52,216 | ₹7,45,258 |
| 7 | ₹7,45,258 | ₹62,961 | ₹56,973 | ₹6,88,286 |
| 8 | ₹6,88,286 | ₹57,771 | ₹62,163 | ₹6,26,123 |
| 9 | ₹6,26,123 | ₹52,109 | ₹67,825 | ₹5,58,298 |
| 10 | ₹5,58,298 | ₹45,930 | ₹74,004 | ₹4,84,294 |
| 11 | ₹4,84,294 | ₹39,188 | ₹80,745 | ₹4,03,549 |
| 12 | ₹4,03,549 | ₹31,833 | ₹88,101 | ₹3,15,448 |
| 13 | ₹3,15,448 | ₹23,807 | ₹96,127 | ₹2,19,321 |
| 14 | ₹2,19,321 | ₹15,051 | ₹1,04,883 | ₹1,14,438 |
| 15 | ₹1,14,438 | ₹5,496 | ₹1,14,438 | ₹0 |
📝 Example
If you borrow ₹10 Lakhs (P) at a 9% annual interest rate (R = 9% / 12 / 100 = 0.0075) for 10 years (N = 120 months), your EMI will be ₹12,668. Total interest payable will be ₹5,20,118.
✅ Benefits
- •Saves time by doing complex math automatically.
- •Helps plan your monthly budget accurately.
- •Allows comparing different interest rates and loan tenures.
- •Shows full loan payoff timeline (Amortization Schedule).
❓ Frequently Asked Questions
What is the baseline HDFC home loan rate?
HDFC baseline rates usually start around 8.75% P.A. Rates vary depending on market benchmark settings and borrower risk criteria.
What is EMI?
EMI stands for Equated Monthly Installment. It is a fixed payment amount made by a borrower to a lender at a specified date each calendar month.
How is loan EMI calculated?
EMI is calculated using a standard mathematical formula combining the Principal (P), Rate of Interest (R), and Tenure (N). Changing any of these variables changes your monthly payment.
Does prepayment affect my EMI?
Prepayment reduces your loan principal. You can then choose to reduce your EMI amount (keeping tenure same) or reduce tenure (keeping EMI amount same).
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