The online personal loan EMI calculator from HDFC Bank makes calculating your loan's monthly payments simple. Personal loans from HDFC Bank are available with EMIs starting at Rs.2,162 per lakh. Personal loans from HDFC start at Rs.50,000 and have interest rates ranging from 10.75 percent to 21.30 percent per annum. Use the Afinoz HDFC Personal Loan EMI Calculator to calculate your monthly installment amount before applying for a personal loan with HDFC.
Features for using HDFC Personal Loan EMI Calculator
Personal Loan EMI (or equivalent monthly installment) is a set amount of money paid to HDFC Bank on a monthly basis to repay your loan and pay interest to the bank. It is due on a set date each month until your loan is completely paid off.
With loan EMIs as low as 2,137 per lakh for a 60-month term and the lowest rate of interest at 10.25%, HDFC Bank offers cheap and convenient personal loans.
The HDFC Bank Personal Loan EMI Calculator is a useful and trustworthy tool that assists borrowers in determining their loan repayment plan.
Factors affecting HDFC Bank personal loan EMI
Ø Loan amount: The amount borrowed from HDFC Bank is referred to as the loan amount. The monthly EMI would be greater if you ask for a larger loan amount. HDFC Bank offers a Rs. 50,000 of the loan minimum and a Rs. 75 lakhs of the loan maximum.
Ø Interest rate: A higher interest rate raises your loan's EMI and overall cost. HDFC Bank offers the lowest interest rate of 10.25 percent. However, before applying for a loan, you should conduct thorough market research and compare rates online.
Ø Loan Tenure: Loan tenure refers to the amount of time you have to repay your HDFC Bank loan. The EMI on a personal loan will be lowed if the loan is for a longer period of time. In general, HDFC Bank provides loans with a maximum term of 5 years.
HDFC Bank Personal Loan Top-up
A top-up personal loan is an additional amount that you can borrow after making a certain number of EMI payments on an existing personal loan. A top-up personal loan, like a personal loan, has a flexible end-use for a variety of personal reasons, including wedding expenses, vacation expenses, medical emergencies, home improvement, and more. HDFC Bank Personal Loan Top-Up offers the interest rate at 10.75% onwards.
How to use Afinoz HDFC Personal Loan EMI Calculator?
Check the personal loan EMI with the Afinoz HDFC Personal Loan EMI Calculator in under a minute. To learn how to use the EMI calculator, follow the steps listed below:
Ø Step 1: To set your loan amount, use the slider under ‘Loan Amount.' Alternatively, you can just input the precise loan amount you wish to obtain in the supplied space.
Ø Step 2: To set your loan payback duration, use the slider under ‘Tenure.' Alternatively, you can just write the exact term for which you want to take out the loan in the supplied space.
Ø Step 3: In the given field, enter the interest rate.
Ø Step 4: Enter the processing charge percentage in the next field.
Ø Step 5: To see your EMI details, click "Calculate."
Features and benefits of HDFC Personal Loan EMI Calculator
In less than a minute, you can determine your eligibility and EMI.
To see your payback schedule, look at the amortization table for personal loans.
You can also lookup the processing charge that must be paid in advance.
It's hassle-free and time-saving.
It assists you in calculating your EMI with 100% accuracy.
Conclusion
HDFC Bank, one of India's leading suppliers of personal loans, offers the best lending option with a unique set of features and perks. You have a variety of EMI repayment alternatives to fit your budget, including adjustable tenures, an entirely online process, and rapid disbursal. Pre-approved HDFC Bank customers can acquire a Personal Loan in as little as 10 seconds, with no paperwork required.