Ease out your Home Loan application with HDFC Home Loan Calculator

HDFC Home Loan is one of the leading products available in the segment of this product. The reason for the becoming of a hot favourite of this product is the reasonable pricing and the customer convenience provided by the bank. Amongst various other services such as the fabulous customer support and the economically priced interest rates, HDFC provides its customers with an HDFC Home Loan Calculator. This tool eases the process of application of the customers in two ways.

HDFC Home Loan EMI Calculator helps the applicants gauge the monthly EMIs that they will be entitled to pay after they have committed themselves to the loan. And the HDFC Home Loan Eligibility Calculator helps the applicant find out his/ her eligibility to apply for the loan. HDFC Home Loan Calculators make it considerably easier for the potential customers to go ahead with their dream of having a home of their own.

HDFC Home Loan Interest

HDFC Home Loan Interest rates are priced very thoughtfully. The interest rate ranges between 8.65% to 9.25%. This rate of interest depends majorly upon the amount of loan applied for by the applicant. A special rate is considered for female applicants who draw a consistent salary. The interest rate for women applicants, up to the amount of ₹ 75 Lakhs, 8.65% to 9.15%. Also, the interest rate for the amount above ₹ 75 Lakhs ranges between 8.70% to 9.20%. Apart from the female applicants, the rate of interest offered by HDFC for the Home Loan up to ₹ 75 Lakhs is between 8.70% to 9.20%. The interest rates for the applicants apart from female applicants for an amount more than ₹ 75 Lakhs ranges between 8.75% to 9.25%.  

For those who are salaried employes, HDFC provides Home Loan at special rates to them. The rate of interest for women applicants for an amount up to ₹ 75 Lakhs ranges between 8.65% to 9.15% and for the amount more than ₹ 75 Lakhs it ranges between 8.70% to 9.20%. Apart from the female applicants, the rate of interest offered by HDFC for the amount up to ₹ 75 Lakhs is between 8.70% to 9.20% and for the amount above ₹ 75 Lakhs, the rate of interest can be expected to be between 8.75% to 9.25%.

Along with the rate of interest, the bank also charges a processing fee of about 1.25% of the loan amount and the Service Tax that is applicable on it.

EMI Calculator for Home Loan

An EMI Calculator for Home Loan is a tool of immense importance. An EMI Calculator chalks-out the monthly installments that a loan applicant needs to pay on a regular basis towards the repayment of the loan amount. As the calculation of EMIs  can be quite tricky to calculate manually, a Home Loan EMI Calculator sorts out much of the problem. This tool can be found on the official website of the bank for the access of all customers. All you need to do is, feed-in the basic details of the loan in the calculator such as the total loan amount sought, the rate of interest offered by the bank and the complete tenure of the loan. By considering all these details, the Home Loan EMI Calculator of HDFC Bank will calculate and show the monthly installment to be paid by the applicant. The tool also shows the total amount of interest payable by the applicant and the total amount that the applicant will be paying towards the loan repayment along with the principle and the interest.

EMI Calculation Formula

The EMI Calculation Formula used by the calculation tools is as follows,

EMI = [P x R x (1+R)^N]/[(1+R)^N-1]

Where,

P stands for the principal amount of loan,

R stands for the rate of interest offered by the bank on monthly basis, and

N stands for the number of monthly installments.

HDFC Home Loan Eligibility Calculator

HDFC Home Loan Eligibility Calculator is an important tool for those who are considering the option of availing a Home Loan. HDFC Home Loan Eligibility majorly differs on the basis of the nature of employment of the applicant. Here comes the role of the HDFC Home Loan Eligibility Calculator! This tool asks for basic details of the applicant. Once these details are punched in, the tool churns out the result declaring whether the applicant if eligible to apply for the loan or not.

HDFC Home Loan Customer Care

HDFC provides its customers with the facility of Customer Support to take care of all the queries and concerns that they might have regarding any of the products of HDFC. HDFC Home Loan Customer Care can be reached out via the following ways:

• On Call

• Through Customer Login

• Mail to the Head Office

• Visiting the nearest HDFC branch

• Through SMS

• Online Grievance Redressal

• Through e-mail

All the information pertaining to the above ways of getting in touch with the HDFC Home Loan Customer Care can be found on the official website of the bank.