## Calculator

### Loan EMI

### Total Interest Payable

### Total Amount

Sure! I can help you with that. To calculate the Equated Monthly Installment (EMI) for an HDFC personal loan, you need to know the loan amount, interest rate, and loan tenure (in months). The EMI is the fixed amount you will have to pay each month towards repaying the loan.

**The formula to calculate EMI is:**

EMI = (P * r * (1 + r)^n) / ((1 + r)^n – 1)

Where:

EMI = Equated Monthly Installment

P = Loan amount

r = Monthly interest rate

n = Loan tenure in months

Here’s an example of how you can use this formula to calculate the EMI:

Let’s assume you want to take a personal loan of Rs. 1,00,000 from HDFC with an interest rate of 12% per annum for a tenure of 36 months.

First, calculate the monthly interest rate. Since the interest rate is given in annual terms, divide it by 12 and convert it to a decimal:

Monthly interest rate = (12 / 100) / 12 = 0.01

Next, calculate the loan tenure in months:

Loan tenure = 36 months

Now, substitute the values into the formula:

EMI = (1,00,000 * 0.01 * (1 + 0.01)^36) / ((1 + 0.01)^36 – 1)

Calculating this will give you the monthly EMI amount.

Please note that this is a simplified calculation and the actual EMI may include other charges such as processing fees, taxes, etc. Additionally, the interest rates and loan terms may vary, so it’s always best to check with HDFC or use their official EMI calculator for the most accurate results.