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HDFC Home Loan EMI Calculator: Effortlessly Plan Your Home Loan Repayments
Use HDFC's Home Loan EMI Calculator to calculate your monthly home loan repayments. This easy-to-use tool helps you estimate your EMI amount, plan your finances accordingly, and ensures that you stay within your budget. By entering your loan details, you can get an accurate estimate and understand your financial commitments clearly.
Calculate Your HDFC Home Loan EMI
Simply input the loan amount, interest rate, and loan tenure into the HDFC Home Loan EMI Calculator to get an accurate monthly payment schedule.
Your loan estimate
Monthly payment
Total Principal
Total interest payments
Total loan payments
Payoff date
Processing Fee
Cost Of Loan
APR
%
The calculations provided are for illustrative purposes only. Actual loan terms may vary based on the lender’s policies and your credit profile.
Updated Oct 14, 2024 · 3 min read
Written By: Shanti Singh
Lead Writer 
Edited by Priya K.
Fact Checked
Why Use the HDFC Home Loan EMI Calculator?
- Precise EMI Calculation: Get an accurate monthly repayment estimate, with both principal and interest breakdown.
- Easy-to-Use Interface: This tool is user-friendly and free to use, making it accessible anytime, anywhere.
- Visual EMI Breakdown: Understand how much of your EMI goes towards the principal and how much is used for interest.
- Transparent Loan Planning: The calculator helps you plan and allocate your budget more effectively with a detailed repayment schedule.
HDFC Home Loan EMI Calculator Features
| Loan Type | Interest Rate (Starting) | Maximum Tenure | Processing Fees |
|---|---|---|---|
| Home Loan | 8.40% p.a. | Up to 30 years | ₹3,000 to ₹15,000 |
Factors Influencing Your EMI with HDFC Bank
- Loan Amount: Higher loan amounts result in higher EMIs.
- Interest Rate: A higher interest rate increases both the EMI and the total repayment.
- Loan Tenure: Opting for a longer tenure reduces the EMI but increases the overall interest paid.
- Processing Fees: The processing fee varies based on the loan amount and type of home loan.
How to Use the HDFC Bank EMI Calculator?
| Loan Tenure | Monthly EMI | Total Interest Paid | Total Repayment |
|---|---|---|---|
| 5 years | Higher | Lower | Lower |
| 10 years | Moderate | Moderate | Moderate |
| 15 years | Lower | Higher | Higher |
Why Consider APR Over Just Interest Rates?
The Annual Percentage Rate (APR) offers a more complete picture of the total cost of your loan, factoring in both the interest rate and additional fees like processing charges. By comparing APRs across different loan offers, you can make more informed decisions about which loan is most cost-effective.
HDFC Home Loan EMI Breakdown
When you take a home loan, your EMI comprises two parts:
- Principal Component: The portion of your EMI that goes toward repaying the loan amount.
- Interest Component: The portion of your EMI that is paid as interest on the borrowed amount.
The EMI amount remains fixed throughout the tenure, but the ratio of principal to interest changes over time. Early in the loan tenure, a larger portion of the EMI goes toward paying the interest, and as you continue repaying, the principal component gradually increases.
MinEmi Tips for Borrowing from HDFC
- Interest Rate Negotiation: A higher credit score (750+) could help you secure a lower interest rate.
- Consider Loan Tenure: Choose a loan tenure that fits your budget. Longer tenures result in lower EMIs but higher overall costs due to interest.
- Prepayment: If you receive a lump sum amount, consider making a prepayment to reduce the principal amount, which will lower your EMI or reduce the loan tenure.
- Check for Offers: HDFC often offers promotional discounts on processing fees or interest rates during special periods, so check for available offers.
FAQs for HDFC Home Loan EMI Calculator
What is the maximum tenure for a home loan with HDFC?
Does the HDFC EMI Calculator include processing fees and other charges?
Can I adjust the loan tenure or amount after calculating the EMI?
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