HDFC Personal Loan: Sometimes life throws situations where money becomes the biggest question mark. A friend of mine once said, Money doesn’t solve everything, but without money, even simple things feel like a mountain. And he was right. Be it a wedding at home, a sudden medical emergency, or sending kids for higher studies arranging funds isn’t easy. That’s where a personal loan from a trusted bank like HDFC comes as a real savior. Now suppose you need ₹26 lakh. The natural doubt is, How much EMI will I pay every month? And will my salary even qualify for such a big amount? Let’s walk through this calmly.
Interest Rate and Tenure
HDFC usually offers personal loans with interest ranging between 10.5% and 18%, depending on your profile. The repayment time can be anywhere from 1 year to 6 years. Many people prefer the 5-year option not too short to feel heavy, and not too long to feel like a burden that never ends. So let’s imagine a ₹26 lakh loan, taken at 11% interest for 5 years.
Read more: SBI Personal Loan: How Much Salary You Need for ₹10 Lakh and the Exact EMI Calculation
EMI Calculation
| Loan Amount | Interest Rate | Tenure | EMI (Monthly) | Total Interest | Total Payment |
|---|---|---|---|---|---|
| ₹26,00,000 | 11% | 5 Years | ₹56,541 | ₹7,91,460 | ₹33,91,460 |
So, if you borrow this amount, your EMI will be about ₹56,541 every month. By the time you finish the loan, you’ll end up paying almost ₹7.9 lakh as interest, making the total repayment around ₹33.9 lakh.
What Salary Do You Need?
Banks don’t just hand over money to anyone. They check if you’ll be able to pay back comfortably. Their thumb rule is simple EMI should not cross 40–50% of your monthly income. Here the EMI is about ₹56,500. Which means, your minimum monthly salary should be around ₹1.20 lakh or more. Along with that, your CIBIL score must be strong (ideally above 750), and you should have a stable job or business record.
A Real Example
Let me give you a simple story. Rakesh, working in Pune with a salary of ₹1.35 lakh per month, applied for this exact loan amount. He wanted to renovate his house and also manage his brother’s marriage expenses. Since his EMI came to ₹56,541, the bank checked his salary slips and noticed he still had enough left every month for other needs. His loan got approved quickly. That’s the catch when your income easily supports the EMI, banks feel safe lending you money.
Conclusion
If you are eyeing a ₹26 lakh loan from HDFC Bank, be ready for a monthly EMI of nearly ₹56,500. To qualify, your salary should ideally cross ₹1.20 lakh. Plan properly, repay on time, and you’ll not only manage your current need but also build a strong credit history for the future.
Disclaimer
This write-up is only for general awareness and educational purpose. Loan interest rates and terms keep changing. Always confirm with HDFC Bank directly before making your final decision.
