HD
HDFC Bank EMI Calculator
9.40% p.a.Current Rate
9.40% p.a.
Max Tenure
Up to 7 years
Processing Fee
Up to 2.5% of loan amount
Rates shown are indicative as of June 2025. Verify current rates with HDFC Bank Limited before applying.
Monthly payment
$20,953.03
- Principal
- Interest
- Principal
- $1,000,000.00
- Total interest
- $257,181.54
- Total paid
- $1,257,181.54
- Term
- 5 yr
Over the full term you pay 26% of the borrowed amount in interest. Your payments only start putting more toward principal than interest in month 1.
Amortization schedule
| Year | Payment | Interest | Principal | Balance |
|---|---|---|---|---|
| 1 | $251,436.31 | $87,036.85 | $164,399.46 | $835,600.54 |
| 2 | $251,436.31 | $70,899.82 | $180,536.49 | $655,064.05 |
| 3 | $251,436.31 | $53,178.81 | $198,257.50 | $456,806.55 |
| 4 | $251,436.31 | $33,718.36 | $217,717.95 | $239,088.60 |
| 5 | $251,436.31 | $12,347.71 | $239,088.60 | $0.00 |
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How does this compare?Caution
Recommended max interest (25% of loan)$250,000.00
Your total interest$257,181.54
You're over by$7,181.54
Interest-to-principal rule — efficient loans keep total interest under 25% of the amount borrowed
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Frequently asked questions
- What is the current HDFC Bank interest rate?
- HDFC Bank's indicative rate is 9.40% p.a.. HDFC Bank loan rate as of June 2025. Actual rates depend on your credit score, loan amount, and tenure.
- How is HDFC Bank EMI calculated?
- EMI = [P × r × (1+r)^n] / [(1+r)^n – 1], where P is principal, r is monthly rate (annual rate ÷ 12 ÷ 100), and n is tenure in months.
- Can I prepay my HDFC Bank loan?
- Yes. HDFC Bank generally allows part-prepayment and foreclosure. Floating-rate retail loans typically attract no prepayment penalty under RBI guidelines.
- How do I apply for a HDFC Bank loan online?
- Visit HDFC Bank Limited's official website or mobile app, navigate to the relevant loan product, and complete the online application. You will need KYC documents and income proof.
Looking for the generic version? Open the standard EMI Calculator