HDFC Mortgage Loan Calculator

Calculate your monthly mortgage loan repayment based on the loan amount, interest rate, and tenure.

Loan Amount (₹) Interest Rate (%) Loan Tenure (Years) Monthly EMI (₹)

This HDFC Mortgage Loan Calculator helps you estimate the monthly EMI you need to pay based on the loan amount, interest rate, and loan tenure.

Formula

EMI = [P × r × (1 + r)^n] / [(1 + r)^n – 1]

Example Calculation

Loan Amount: ₹5,00,000, Interest Rate: 7.5%, Tenure: 20 years → Monthly EMI: ₹3,898.89.

Why It Matters

Understanding your EMI is important to plan your budget effectively and avoid surprises when repaying your mortgage loan.

FAQs

What is an EMI? EMI (Equated Monthly Installment) is the monthly payment that you need to pay towards your loan.

Can I change the loan amount or tenure? Yes, you can adjust the loan amount or tenure to see how it affects the EMI.

How does the interest rate affect my EMI? A higher interest rate will increase the EMI amount, while a lower rate will decrease it.

function calculateEMI() { const principal = parseFloat(document.getElementById(“loanAmount”).value); const rateOfInterest = parseFloat(document.getElementById(“interestRate”).value) / 100 / 12; const tenure = parseInt(document.getElementById(“loanTenure”).value) * 12; if (isNaN(principal) || isNaN(rateOfInterest) || isNaN(tenure) || principal <= 0 || rateOfInterest <= 0 || tenure el.value = “”); document.getElementById(“monthlyEMI”).value = “”; }

Hdfc Mortgage Loan Calculator

HDFC Mortgage Loan Calculator