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HDFC Bank's EMI calculator for a home loan can help you make an informed decision about buying a new house. The EMI calculator is useful in planning your cashflows for servicing your home loan.
Home Loan eligibility is dependent on factors such as your monthly income, current age, credit score, fixed monthly financial obligations, credit history, retirement age etc. Get the peace of mind by knowing all the details about your loan using HDFC Bank Home Loan Eligibility Calculator.
You can calculate EMI for Home Loan, Personal Loan, Two Wheeler Loan, Auto Loan and more! Our calculators are designed with YOU in mind so they are really simple to use and help you to understand the EMI breakup easily.
The HDFC housing loan calculator helps them by computing the EMI amount that borrowers need to pay every month to stay in tune with the repayment expectations of the lender.
A Home Loan Calculator is a tool available online for free. It has been designed to conduct complex calculations on your behalf. Since it is computerised, you can rely on the calculator to give accurate figures. While Home Loan EMI calculators help you determine the monthly amount due, a few calculators go a step further.
The HDFC Bank home loan EMI calculator is a simple and free-to-use tool. You need to enter the loan amount you wish to take, the interest rate (monthly), and the maximum tenure. The interest rate you get from the bank is the annual rate of interest, the EMI calculator converts the rate on a monthly basis to compute the results.
The formula for the same is: EMI = [P x R x (1+R) ^ N]/ [ { (1+R) ^ N}-1] Wherein P is the Principal Loan Amount, R is the monthly rate of interest, and N is the loan duration in months. However, to make your life easier, you can count on free Home Loan EMI Calculators available online.
