EMI stands for Equated Monthly Installment which is an important part of your housing loan. It includes repayment of the principal amount and payment of the interest on the outstanding amount of your HDFC home loan. A longer loan tenure (for a maximum period of 30 years) helps in reducing the EMIs.
A clear knowledge of the amount that you will need to pay towards EMIs will help you make an informed decision. However, in order to get the best approximation towards EMIs, it is important to use a home loan EMI calculator. With our EMI calculators, you can get a fair understanding about the ratio of the principal amount to the interest due, based on the effect of the home loan tenure and interest rates.
HDFC home loan EMI calculator will give an approximate figure for the total monthly installment payments along with a complete break-up of the home loan repayment process. Estimate your EMIs to pay for your housing loan by using our feature rich home loan EMI calculator, now!
Housing Development Finance Corporation (HDFC) Home EMI Calculator:
The Housing Development Finance Corporation Bank Home Loan EMI calculator allows you to calculate the monthly installments towards your loan in a hassle-free way. Visit HDFC Home Loan EMI Calculator Page and follow the easy steps mentioned below:
- Choose the amount of loan that you wish to borrow and enter it in the box that says ‘Amount’.
- Enter the rate of interest in the second box.
- Choose the tenure of the loan and enter it in the next box that says ‘Loan Tenure’.
- This tool will automatically calculate the EMI for you and will show the result.
HDFC Home Loan EMI Calculation:
Tenure: 10 Years
Loan Amount: 40 Lakhs
| Year | Principal Paid(A) | Interest Paid(B) | Total Payment (A+B) | Outstanding Loan Balance |
| 2016 | 1,44,424 | 2,17,123 | 3,61,547 | 38,55,577 |
| 2017 | 2,66,803 | 3,52,993 | 6,19,796 | 35,88,774 |
| 2018 | 2,93,137 | 3,26,659 | 6,19,796 | 32,95,637 |
| 2019 | 3,22,069 | 2,97,724 | 6,19,793 | 29,73,567 |
| 2020 | 3,53,859 | 2,65,937 | 6,19,796 | 26,19,708 |
| 2021 | 3,88,785 | 2,31,008 | 6,19,793 | 22,30,923 |
| 2022 | 4,27,158 | 1,92,635 | 6,19,793 | 18,03,763 |
| 2023 | 4,69,321 | 1,50,475 | 6,19,796 | 13,34,441 |
| 2024 | 5,15,642 | 1,04,150 | 6,19,792 | 8,18,797 |
| 2025 | 5,66,541 | 53257 | 6,19,798 | 2,52,257 |
| 2026 | 2,52,257 | 5,991 | 2,58,248 | 0 |
Factors Affecting HDFC Home Loan EMI:
- Principal: The initial amount borrowed as the loan, in other words, the principle, will quite naturally affect the Equated Monthly Instalment payable by the borrower.
- Interest Rate: Different banks usually have different rates of interest that they offer for Home Loans. And, this is one of the major factors that affects the EMI payable. The higher the rate of interest, the higher the EMI.
- Loan Tenure: How long one has opted to take the loan for is yet another factor that influences the EMI. The higher the tenure of the loan, the lower will be the EMI payable.