Posted by: Narender Repiles0 Posted:2022-02-22 12:37:42 ISTUpdated:2022-02-22 12:37:42 ISTWritten by - CreditMantriarticle
The EMI for a Rs.20 lakhs personal loan from HDFC Bank will be Rs. 42,988, with an interest rate of 10.5% per annum and a repayment tenure of 5 years. Here are some more EMI amounts based on different interest rates.
Loan Amount
Repayment Tenure
Interest Rate
Monthly EMI Amount (in Rs.)
Rs. 20 lakhs
60 Months / 5 years
10.50%
42,988
11.00%
43,485
11.50%
43,985
12.00%
44,489
12.50%
44,996
13.00%
45,506
13.50%
46,020
14.00%
46,537
HDFC Personal Loans come with a fixed rate of interest for the entire tenure.
Borrowers are allowed to pre-close the personal loan once they have completed paying 12 EMIs.
HDFC Bank does not charge any pre-closure penalty for personal loan pre-closure.
HDFC Bank Personal Loan EMI Calculator helps you to find out the approximate EMI you need to shell out every month. Creditmantri offers a very simple Personal Loan EMI Calculator to help you.
You just have to enter the loan amount, repayment tenure and the interest rate, and the EMI calculator will give you the tentative EMI amount.
The result of the
Creditmantri Personal Loan EMI calculator will be generated in less than a minute. This allows you to determine the amount of interest to be paid based on the loan term and loan amount. You will be able to make an informed credit decision once you have all of the facts. It also aids in bargaining with the lender to obtain a lower interest rate.
The result provided by an online EMI calculator is accurate and rapid, but manual calculation carries the chance of errors. You can use the tool to calculate loan amounts, terms, and interest rates for a variety of loan amounts, terms, and interest rates.
