HDFC Credit Card: Apply best HDFC bank credit cards Online in India. Check Eligibility Criteria, HDFC credit card EMI calculator, Features, Benefits, Rewards & Offers and get instant approval.
Use HDFC credit card EMI calculator to calculate the precise amount you have to shell out on a monthly basis. Remember, EMI for your credit card loan is decided on various factors - your eligibility criteria, the amount you have to repay and the repayment period.
Formula for calculating your monthly installment by using HDFC credit card EMI calculator
E = P x r x (1+r)^n/((1+r)^n – 1) E stands for the amount that you need to pay every month. P stands for the amount that you want to borrow. r stands for the rate of interest that is applicable. It is calculated on a monthly basis. There is formula for obtaining r. i.e, r = (annual interest/12) x 100. n stands for the duration of the loan in terms of months.
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