How much your Home Loan EMI will go up ? Check Here


HDFC Ltd, or Housing Development Finance Corporation, has increased its Retail Prime Lending Rate (RPLR) on Housing Loans by 30 basis points, effective May 9, 2022. This increase is applicable to all borrowers, both existing and new. This increase will result in an increase in EMIs for HDFC home loan borrowers.

According to the HDFC statement, interest rates from May 9 will be the range of 7-7.45%.
The interest rate payable to new customers on loans up to Rs 30 lakh would be 7.10 percent, according to the HDFC press statement. The interest rate on loans between Rs 30 and Rs 75 lakhs would be 7.35 percent, while loans above Rs 75 lakh will have a 7.45 percent interest rate. The risk premium depends on your CIBIL Score.

If you have an HDFC home loan, here’s how much your EMI would increase as a result of the interest rate hike.

If your home loan is Rs 30 lakh and the new interest rate charged is 7.10%

Loan Amount (Rs)Rs 30 lakh
Tenure (Years)20 years
Current Interest Rate (%)6.80%
Current EMIRs 22,900
New interest rate7.10%
New EMIRs 23,439
Increase in EMIRs 539

If your home loan is Rs 50 lakh and the new interest rate charged is 7.35%

Loan Amount (Rs)50 lakh
Tenure (Years)20
Current Interest Rate (%)7.05%
Current EMIRs 38,915
New interest rate7.35%
New EMIRs 39,822
Increase in EMIRs 907

If your home loan is Rs 80 lakh and the new interest rate charged is 7.45%

Loan Amount (Rs)Rs 80 lakh
Tenure (Years)20
Current Interest Rate (%)7.15%
Current EMIRs 62,746
New interest rate7.45%
New EMIRs 64,203
Increase in EMIRs 1,457



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