HDFC Personal Loan EMI Calculator

Interest Rates as low as 10.99%. With EMIs starting at Rs. 2,187 per lac

Applying for anHDFC Personal Loans is fast an easy. With minimal documentation and fast approval process, your personal loan is just a few easy steps away.

Loan Details
Self Employed
Lowest EMI per lakh
Rs. 2,187 per lakh
Rs. 2,808 per lakh
Interest Rate
10.99% - 20.00%
15.50% - 18.30%
Loan Amount
Min Rs. 50,000 and Max Rs. 50,00,000
Min Rs. 50,000 and Max Rs. 40,00,000
Personal Loan EMI

Personal Loan EMI is a fixed amount that you pay monthly to HDFC Bank towards repayment of loan taken. The EMI is paid every month on a fixed day till your Personal Loan is fully paid off. The best rate of 10.99% is offered by HDFC Bank.

HDFC Bank Personal Loan EMI consists of principal payment and interest payment. In the beginning years, the interest part on loan is more than the principal part , EMI remains constant during the entire repayment period. However, the interest component on loan in every EMI keeps decreasing while principal component keeps increasing.

Personal Loan Eligibility

When you apply for Personal Loan with HDFC Bank, the following factors will apply, based on which HDFC Bank will calculate your personal loan eligibility.

Age of the borrower: HDFC Bank provides loan to salaried employees between the age of 21 years to 60 years. HDFC Bank calculates eligibility based on the age of the borrower as it is used to calculate the maximum loan tenure for which HDFC Bank will offer a loan. A longer tenure loan will result in lower EMI and higher loan eligibility from HDFC Bank.

Income of the applicant: HDFC Bank calculates eligibility based on your income. Minimum net take home income to get a loan from HDFC Bank is Rs.20,000. Further, the bank will estimate your fixed expenses (including rent and EMI) and compare the same with your salary to calculate your eligibility. Your loan amount will be calculated based on the EMI you can afford to pay after paying your other fixed expenses.

Interest rate: HDFC Bank will calculate the loan tenure you are eligible for based on your age and interest rate based on your income. These two factors are also used to calculate your personal loan eligibility. Higher the loan tenure, lower will be the EMI and hence, higher will be the loan eligibility. Similarly, lower the interest rate, lower will be the EMI which will translate into a higher loan eligibility.

Personal Loan EMI Calculator