Personal Loan EMI Calculator

Plan your borrowings and repayments. Calculate your monthly outgo with our personal loan EMI calculator

Personal Loan EMI Calculator

Check if you have a Pre-approved Loan Offer    ​​​​​​​

HDFC Bank's online personal loan EMI calculator makes it easy for you to figure out the monthly instalments on your loan.

When you take a loan, the equated monthly instalment is a key factor in deciding the loan amount and tenure. The personal loan calculator helps you instantly calculate your pay-outs and, therefore, plan your loan and repayment better.

To calculate your EMI, just enter the loan amount, rate of interest and loan tenure, and your EMI is instantly displayed. You can enter loan amounts from 50,000 to 4,000,000 and term from 1 to 5 years.

If you wish to change the EMI adjust any of the three sliders on the personal loan EMI calculator. If you wish to lower your EMI, you can do so by reducing the loan amount or the interest rate or by increasing the tenure. If you can afford higher monthly payments, you could consider increasing the loan amount or reducing your tenure.

The graph shows you how much you will repay over your loan tenure and the interest component in that.

The calculator is designed to be easy-to-use and intuitive.

​​​​​​​Click here & find out everything you need to Know about Personal Loan.

​​​​​​​Personal Loan Calculator FAQs

What does EMI stand for, and what does it mean?
EMI stands for equated monthly instalments. It is the amount you must pay every month till the end of your loan tenure.

How is EMI calculated?
EMI is calculated using the formula: P x R x (1+R)^N] / [(1+R)^N-1]
P= Principal or your loan amount
R= Rate of interest
N= Tenure (loan term in number of years)
Your EMI includes two main components – principal and interest. In the early part of your tenure, the interest amount is higher and that becomes progressively lower. Towards the end of the tenure, the principal amount forms a large proportion of the EMI.

How should I use the personal loan EMI calculator?
The personal loan calculator has been designed in such a way that it can be used by anyone. You do not need to know the complex formulae to calculate your monthly payments. Just enter three key inputs – loan amount, term and interest – and the calculator will automatically do the calculations for you. To increase or decrease any of the variables, just use the sliders. Increasing the interest rate or loan amount will increase your EMI, while increasing the tenure will reduce the EMI. Adjust the variables according to your requirement.

Is this calculator only for HDFC Bank personal loans?
You can use the calculator to calculate the EMI on a personal loan from any bank or financial institution. It is free to use, and you have no obligation to take a personal loan from HDFC Bank.

Why Choose HDFC Bank Personal Loan?
Pocket-friendly EMIs (starting at just Rs 2149 per lac) * (T&C)
-Attractive interest rates
-Flexible loan tenures
-Maximum loan amount (Personal Loan Eligibility in 1 minute)
-Disbursal in 10 seconds**

*EMI amount is calculated for 1 lakh loan for period of 5 years

**For select HDFC Bank customers. Terms and conditions apply