Home Back

HDFC Bank Credit Card EMI Calculator Malaysia

EMI Calculation Formula:

\[ EMI = \frac{P \times R \times (1+R)^N}{(1+R)^N - 1} \]

MYR
%
months

Unit Converter ▲

Unit Converter ▼

From: To:

1. What is EMI?

EMI (Equated Monthly Installment) is a fixed payment amount made by a borrower to a lender at a specified date each calendar month. For HDFC credit cards in Malaysia, EMI helps convert large purchases into affordable monthly payments.

2. How Does the Calculator Work?

The calculator uses the standard EMI formula:

\[ EMI = \frac{P \times R \times (1+R)^N}{(1+R)^N - 1} \]

Where:

Explanation: The formula calculates the fixed monthly payment that would pay off the loan with interest over the specified period.

3. Importance of EMI Calculation

Details: Calculating EMI helps credit card users plan their finances by understanding the monthly commitment and total interest cost before converting purchases to EMI.

4. Using the Calculator

Tips: Enter the purchase amount in MYR, the annual interest rate (APR) as offered by HDFC Bank, and the desired repayment period in months (typically 6-60 months).

5. Frequently Asked Questions (FAQ)

Q1: What is the typical APR for HDFC credit cards in Malaysia?
A: APRs typically range from 15% to 18% per annum, but may vary based on card type and promotional offers.

Q2: Are there any processing fees for EMI conversion?
A: HDFC may charge a one-time processing fee (usually 1-3% of principal) which is not included in this calculation.

Q3: Can I prepay my EMI?
A: Yes, but prepayment charges may apply. Check with HDFC Bank for current policies.

Q4: How does this differ from personal loan EMI?
A: Credit card EMI typically has higher interest rates but simpler approval than personal loans.

Q5: When is EMI deducted from my credit card?
A: EMI amounts are automatically added to your monthly credit card bill on the statement date.

HDFC Bank Credit Card EMI Calculator Malaysia© - All Rights Reserved 2025