# Readers ask: How To Convert Amount Into Emi In Hdfc Credit Card?

## What is the interest rate for HDFC Credit Card EMI?

The rate of interest for EMI on HDFC credit cards is 1.5% per month (9 months to 3 years).

## How can I pay all EMI in HDFC credit card?

Visit the loan officer at your nearest HDFC bank branch. Enquire the current balance in your loan account. The loan officer will also intimate you of any pre-closure charges or penalties. Pay the entire balance amount (sum of all pending EMIs + preclosure charges, if any ) using a cheque or DD.

## How is HDFC EMI eligibility calculated?

HDFC Bank customers check your loan eligibility instantly- SMS to 5676712 from your Bank registered mobile no. or visit store or branch near you. Any other Bank customers can also avail Consumer loans.

## How is EMI amount calculated?

The mathematical formula to calculate EMI is: EMI = P × r × (1 + r)n/((1 + r)n – 1) where P= Loan amount, r= interest rate, n=tenure in number of months.

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## Can we foreclose credit card EMI HDFC?

Pre-closure charges HDFC allows cardmembers to pre-close the loan and save on interest charges before the actual end of the loan term. There will be a prepayment penalty applicable for closures which happen before the term end date. It is billed at the rate of 3% of the outstanding balance amount in the EMI account.

## What if I pay more than EMI in credit card?

If you fail to pay your credit card dues in any month, you will be charged a hefty interest of anywhere between 24%-36% for non- payment. This interest will be charged on your EMI amount as well, which already carries the basic interest of the EMI facility, causing a double whammy.

## How much loan can I get if my salary is 15000?

HDB Financial Services offers personal loans of up to Rs. 20 lakh to individuals who earn a minimum income of Rs. 15,000. Those who reside in metro cities like Ahmedabad, Chennai, Bengaluru, Kolkata, Delhi, Pune, Mumbai, and Hyderabad are required to earn at least Rs.

## How much loan can I get on 50000 salary?

5,40,000. On the other hand, if you are wondering – how much personal loan can I get on a 40,000 salary, the loan sanction amount will be close to Rs. 10.80 lakhs. Multiplier Method.

Salary Expected Personal Loan Amount
Rs. 40,000 Rs. 10.80 lakhs
Rs. 50,000 Rs. 13.50 lakhs
Rs. 60,000 Rs. 16.20 lakhs

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## What is smart EMI HDFC?

Convert large purchases on your HDFC Bank credit card into SmartEMI and enjoy stress-free repayment. Enjoy attractive interest rates, among the lowest in the market. Get credit into your HDFC Bank account in seconds and repay conveniently over 9 to 36 months. The loan is pre-approved so no documentation is required.

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## What is the EMI for 40 lakhs loan?

EMI Calculations for a Home Loan of Rs. 40 Lakh with varying Tenors

Loan Details Monthly Instalment Net Interest
40 lakh home loan EMI for 20 years Rs. 38,601 Rs.52,64,132
40 lakh home loan EMI for 15 years Rs. 42,984 Rs.37,37,204
40 lakh home loan EMI for 10 years Rs. 52,860 Rs.23,43,266

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## What is the EMI for 15 lakhs home loan?

EMI Calculations for a Home Loan of Rs. 15 Lakh with Different Tenors

Loan Amount EMI when Tenor is 10 Years EMI when Tenor is 15 Years
Rs. 15,00,000 19,823 16,119

## What is the EMI for 20 lakhs home loan?

EMI on a 20 lakh home loan for 20 years

Loan Amount Interest rate EMI
Rs. 20 lakh 6.75%* Rs.19,300

## Often asked: Credit Card Comes Under Which Account Type?Often asked: Credit Card Comes Under Which Account Type?

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