How will be the personal loan interest rate calculated for me?

Q: Recently, I have applied for HDFC personal loan. As per the bank rule, the interest rate will be 13.75% to 25.00% floating. I just wanted to know how this interest rate is calculated.

Pavan Jain, Delhi-NCR

9th November 2011

Home Loan in Delhi

interest rate

personal loan

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Replies (5)

you can check this website for more updates www.buddyloan.in

Giri buddyloan,

29th September 2020

Comment

check Buddy Loan India for more details

Giri buddyloan,

29th September 2020

Comment

If you want to calculate your interest rate you can check emi-calculator.loan. Here you can also calculate monthly emi according to interest rate and principal amount

Anoop Bansal, Delhi

21st May 2019

Comment

For calculate interest rate you can use www.emi-calculator.loan. This tool will help you to know the interest rate, emi, and total payable interest. According to floating interest rate check payable amount on emi calculator on specific date.

Anoop Bansal, Delhi

20th May 2019

Comment

Your interest rate will be calculated on daily reducing balance basis. If you deposit your EMI on the specific date, then it's ok. But, if you deposit the EMI beyond the specific date, you have to pay some extra charge along with the EMI. If your loan is floating interest rate basis, then it will fluctuate. If there will be any change in the interest rate, it will affect your interest rate.

Rakesh, Bangalore

9th November 2011

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