EMI Calculator is a financial tool that is designed to be simple and accessible to calculate the EMI for a loan. The EMI will be arrived at using the variables like loan amount, loan tenure, and the rate of interest. Formula for EMI Calculation: P*r* (1+r) ^n/([(1+r) ^n]-1) P stands for Principal. R stands for rate of interest. N stands for the
At HDFC Bank, we offer Government Sponsored Program Loans with a minimum loan amount of ₹ 1 lakh 50 thousand and maximum of ₹10 lakhs. Shishu Loan: Under this category, applicants can get a maximum loan amount of ₹50,000 if their business is in its initial stage. Kishor Loan: Women who have already established their business and wish to REXT.