Hdfc Home Loan Interest Rate

HDFC Home Loan Interest Rate Formula:

\[ EMI = P \times \frac{r(1 + r)^n}{(1 + r)^n - 1} \]

Monthly EMI:

Total Interest Payable:

Total Payment (Principal + Interest):

Unit Converter ▲

Unit Converter ▼

From:	To:

1. What is HDFC Home Loan Interest Rate?

HDFC Bank offers home loans with competitive interest rates starting from 8.45% p.a. (effective August 2025). The actual rate may vary based on loan amount, tenure, and applicant's credit profile.

2. How Does the Calculator Work?

The calculator uses the standard EMI formula:

\[ EMI = P \times \frac{r(1 + r)^n}{(1 + r)^n - 1} \]

Where:

\( P \) — Loan principal amount (₹)
\( r \) — Monthly interest rate (annual rate divided by 12)
\( n \) — Loan tenure in months

Explanation: The formula calculates the fixed monthly payment (EMI) required to repay a loan over a specified tenure.

3. Importance of EMI Calculation

Details: Calculating EMI helps borrowers understand their monthly financial commitment and plan their budget accordingly before taking a home loan.

4. Using the Calculator

Tips: Enter loan amount in ₹, tenure in years, and interest rate in % p.a. The calculator will show EMI, total interest, and total payment.

5. Frequently Asked Questions (FAQ)

Q1: What is the current HDFC home loan interest rate?
A: As of August 2025, HDFC home loan rates start from 8.45% p.a. for salaried individuals.

Q2: What factors affect home loan interest rates?
A: Rates depend on loan amount, tenure, applicant's income, credit score, property value, and market conditions.

Q3: Can I get a lower interest rate?
A: Yes, by maintaining a high credit score (750+), choosing shorter tenure, or opting for a higher down payment.

Q4: Are there any additional charges?
A: Processing fees (0.5-1% of loan amount), legal charges, valuation fees, and GST may apply.

Q5: Is the interest rate fixed or floating?
A: HDFC offers both options. Floating rates change with market conditions while fixed rates remain constant for a period.