Knowing how to calculate home loan EMI HDFC helps you plan monthly payments before taking a loan. EMI stands for Equated Monthly Installment, which includes both principal and interest portions of your home loan repayment.
How to Calculate EMI for Home Loan HDFC?
The standard formula used to compute monthly EMI is:
EMI = P R (1+R)n(1+R)n - 1
Where:
P = Principal loan amount (how much you borrow)
R = Monthly interest rate (annual rate ÷ 12 ÷ 100)
N = Total number of monthly installments (loan tenure in months)
This formula calculates a fixed EMI for the entire tenure if the interest rate doesn’t change.
If your HDFC loan interest rate is 8.5% per year, convert it to monthly: R = 8.5/(12×100) = 0.007083. This monthly rate gets plugged into the EMI formula. If your home loan tenure is 15 years. N= 15 ×12 = 180 months
Manual calculation can be tedious. HDFC offers an online Home Loan EMI Calculator where you just input:
Loan amount
Interest rate
Loan tenure
and it instantly computes your EMI, total interest payable, and total repayment amount.
For a Rs. 50,00,000 loan at 8% p.a. for 20 years (240 months), the EMI works out using the formula above. Though the exact EMI depends on your inputs, online calculators save time and ensure accuracy.
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How to Calculate Home Loan EMI HDFC?
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2025-12-31T17:10:57+00:00 2025-12-31T19:45:12+00:00Comment
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