A "low interest" loan shouldn't mean you have very little interest in paying it back!
• # DHFL Home Loan Calculator

• Updated as per Latest Rates on 23 Oct 2019

Estimate the equated monthly instalments (EMI) to be made towards your housing loan using the DHFL Home Loan EMI Calculator by entering your basic loan parameters. The EMI per lakh associated with DHFL home loans starts from Rs.859.

Ensure that you know the current DHFL home loan interest rates before you use the EMI calculator to get the break-up of your monthly repayments.

## Calculate Your DHFL Home Loan Monthly Repayment

The table below gives you an idea of what the loan EMIs would look like for various tenures and amounts:

 Amount→Tenure↓ Rs.10 Lakh Rs.20 Lakh Rs.40 Lakh Rs.50 Lakh 10 years Rs.13,077 Rs.26,154 Rs.52,308 Rs.65,385 20 years Rs.9,485 Rs.18,970 Rs.37,941 Rs.47,426 30 years Rs.8,592 Rs.17,183 Rs.34,366 Rs.42,958

Let us assume that you are applying for the DHFL New Home Laon of Rs.10 lakh, Rs.20 lakh, Rs.40 lakh, or Rs.50 lakh at an interest rate of 9.75% p.a. over a tenure of 10, 20 or 30 years. Enter the loan parameters on the BankBazaar Home Loan EMI Calculator to compute the EMI payable towards your loan along with the break-up of the total amount payable during the tenure.

Home Loan EMI Calculator Formula: The formula used for calculation of Home Loan EMI is mentioned below:

$E=P.r.\left(1+r\right)n\left(\left(1+r\right)n-1$

In this formula, P is the loan amount, r is the rate of interest and n is the tenure of the loan in months.

## DHFL Home Loan Example

Let’s understand how a home loan EMI calculator helps you by using an example.

Let’s assume that you have decided to take a New Home Loan from DHFL for Rs.10 lakh. The loan tenure is 20 years, the interest rate is 9.75% p.a. and the processing fee is 1% of the loan amount (assuming that Rs.5,000 is 0.5% of the loan amount and the remaining 0.5% is for documentation charges and GST applicable).

You key in these values into BankBazaar’s Home Loan EMI Calculator and opt to not make any prepayments. The EMI for this loan is Rs.9,485.

The repayment schedule for a period of 20 years from March 2019 to February 2039 will look as follows:

Year Total Amount Paid (Rs.) Principal Paid (Rs.) Interest Paid (Rs.) Outstanding Amount (Rs.)
2019 94,851 14,109 80,742 9,85,890
2020 1,13,820 18,510 95,310 9,67,380
2021 1,13,821 20,398 93,423 9,46,982
2022 1,13,820 22,478 91,342 9,24,503
2023 1,13,825 24,773 89,052 8,99,733
2024 1,13,823 27,296 86,527 8,72,436
2025 1,13,824 30,082 83,742 8,42,356
2026 1,13,823 33,148 80,675 8,09,209
2027 1,13,822 36,528 77,294 7,72,681
2028 1,13,823 40,253 73,570 7,32,428
2029 1,13,821 44,357 69,464 6,88,070
2030 1,13,822 48,881 64,941 6,39,189
2031 1,13,821 53,866 59,955 5,85,323
2032 1,13,822 59,361 54,461 5,25,964
2033 1,13,820 65,412 48,408 4,60,551
2034 1,13,820 72,082 41,738 3,88,468
2035 1,13,820 79,433 34,387 3,09,034
2036 1,13,822 87,535 26,287 2,21,500
2037 1,13,820 96,459 17,361 1,25,039
2038 1,13,822 1,06,298 7,524 18,741
2039 18,970 18,742 228 0

### DHFL Home Loan EMI Calculator FAQs

1. Do all EMI calculators work the same way?

All EMIs are calculated in the same way primarily using the principal amount, tenure, and the interest rate. So, all calculators also work the same way. However, BankBazaar’s loan EMI calculator also helps you factor-in your prepayment plans. Do keep in mind that these tools work only for a fixed interest rate. If your property loan is subject to floating rates, your EMIs will differ. Check with your bank for more information on this.

2. Is the result displayed accurately?

While every EMI calculator works based on the given inputs, there may be a slight difference in the result due to the inclusion of other fees and charges by the lender.

3. What do I get from calculating my DHFL Home Loan EMI?

Calculating the EMI you need to pay when you take a housing loan from DHFL can help you in a number of ways, some of which include:

• You can have better control and clarity of your monthly expenses budget. By knowing exactly how to pay every month, you can structure the rest of your expenses around it.
• The principal-interest ratio will give you an idea of how much your loan will cost. That is, you get to know how much interest you will have to pay.
• BankBazaar’s tool also allows you to include prepayment details to show you your repayment schedule.
4. How do part payments or prepayments help in the long run?

When you infuse your loan account with additional payments, it reduces the outstanding principal amount, which in turn reduces the interest charges. This is because the interest is charged on a reducing balance method. This will help you clear the loan a lot quicker.

5. Will home loan EMIs change in case of prepayment?

DHFL allows you to prepay home loans that are associated with floating interest rates. When you pay a portion of your loan before the amount becomes due, the principal amount reduces. You can choose to either keep the loan tenure the same or reduce it. The former will help you repay the loan sooner and the latter will ensure that you pay a lower amount every month.

## Disclaimer

Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

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