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  • IDBI Bank Home Calculator -EMI, Interest Rate Calculator

    The IDBI Bank Home Loan EMI Calculator lets you calculate your monthly repayments in an easy and a hassle-free manner. All you need to do is enter all the details of your loan, including the loan amount, interest rate, tenure, and processing fee (if applicable). The minimum EMI per lakh you get with IDBI is Rs.787.

    IDBI Bank COVID-19 Home Loan EMI Moratorium

    In adherence with RBI's COVID-19 regulatory measures, IDBI Bank is currently offering up to 3 months of moratorium to its existing home loan customers. So, if you are an existing customer with the bank, you can defer your home loan EMIs for up to 3 months. However, note that the interest accrued during the deferred period will be charged later and due to compounding interest, you may end up paying more later on.

    You can do your EMI calculations with the help of a home loan EMI calculator to check how much you have to pay after the moratorium period is over. You also have the option to opt out of this facility and continue paying your EMIs as before.

    To use the calculator, you need to know the IDBI Home Loan interest rates, loan amount, and tenure. Enter the values and you’ll get a full break-up of your monthly repayments and your repayment schedule. The entire process is simple and hassle-free.

    IDBI Home Loan EMI Calculator 2020

    Calculate Your IDBI Home Loan Monthly Repayment

    The table below gives you an idea of the EMIs for various tenures and loan amounts at an interest rate of 8.25% p.a:

    Rs.10 Lakh Rs.20 Lakh Rs.40 Lakh Rs.50 Lakh
    10 years Rs.12,265 Rs.24,531 Rs.49,061 Rs.61,326
    20 years Rs.8,521 Rs.17,041 Rs.34,083 Rs.42,603
    30 years Rs.7,513 Rs.15,025 Rs.30,051 Rs.37,563

    For illustration purpose, let’s assume that you have applied for IDBI Home Loan at an interest rate of 8.25% p.a. For loan amount of Rs.30 lakh, Rs.50 lakh, Rs.70 lakh, or Rs.1 crore, you can find the EMIs, processing fee and total interest payable on various tenures by using the BankBazaar Home Loan EMI Calculator. In the above example, we’ve kept the processing fee as 0.50% and selected ‘No’ for pre-payments.

    IDBI Home Loan EMI Calculator Formula: EMI = [P x R x (1+R)^N]/[(1+R)^N-1]

    P: Principal amount
    n: Number of monthly instalments
    r: Interest rate associated with your home loan

    IDBI Home Loan Interest Rates: As of 07 Aug 2020, the rates of interest associated with IDBI home loans ranges between 8.80% p.a. and 9.15% p.a. While the interest rate applicable to salaried borrowers falls between the range 8.80% p.a. and 9.05% p.a., self-employed borrowers can avail IDBI home loans with interest rates starting from 8.85% p.a. to 9.15% p.a.

    The interest rates mentioned are as of 07 Aug 2020 and can be changed by the bank at its own discretion.

    IDBI Bank Home Loan Processing Fee: IDBI Bank charges you a nominal fee for the processing of the home loan. As of March 2019, you will be charged a processing fee of 0.50% of the principal amount subject to a minimum of Rs.2,500 plus applicable taxes. The processing fee is to be paid while applying for the home loan.

    IDBI Bank Home Loan Amount and Tenure: Prospective borrowers can avail IDBI home loans starting from Rs.5 lakh and up to Rs.10 crores. IDBI bank also extended loan tenures up to 30 years to its customers.

    Example of IBDI Bank Home Loan EMI: Let us consider an example where you are availing a home loan of Rs.30 lakh from IDBI Bank for a term of 30 years. Let us assume that the interest rate associated with your home loan is 8.25% p.a. and the processing fee levied is 0.50% of the principal amount, i.e., Rs.15,000. Click on ‘Calculate’ once you have entered all the required input on the BankBazaar Home Loan EMI Calculator.

    As per the values you have entered, the EMI calculated on your home loan would be Rs. 22,538.

    The break of the total amount payable on your home loan will be as follows:

    Category Amount
    Loan amount Rs.30,00,000
    Total interest due Rs.51,13,679
    Tenure 30 years
    Processing fee Rs.15,000
    Total Amount Payable Rs.81,28,679

    The break of the total amount payable is as follows

    Year Principal Paid - A (Rs.) Interest Paid - B (Rs.) Total Payment - A+B (Rs.) Outstanding Loan Balance (Rs.)
    2020 19,733 2,05,647 2,25,380 29,80,267
    2021 25,536 2,44,920 2,70,456 29,54,732
    2022 27,724 2,42,732 2,70,456 29,27,009
    2023 30,098 2,40,358 2,70,456 28,96,910
    2024 32,679 2,37,777 2,70,456 28,64,232
    2025 35,478 2,34,978 2,70,456 28,28,753
    2026 38,517 2,31,938 2,70,455 27,90,234
    2027 41,819 2,28,637 2,70,456 27,48,415
    2028 45,405 2,25,051 2,70,456 27,03,012
    2029 49,294 2,21,162 2,70,456 26,53,718
    2030 53,519 2,16,937 2,70,456 26,00,200
    2031 58,104 2,12,352 2,70,456 25,42,096
    2032 63,082 2,07,374 2,70,456 24,79,013
    2033 68,488 2,01,968 2,70,456 24,10,525
    2034 74,360 1,96,096 2,70,456 23,36,167
    2035 80,730 1,89,726 2,70,456 22,55,438
    2036 87,647 1,82,809 2,70,456 21,67,790
    2037 95,160 1,75,296 2,70,456 20,72,632
    2038 1,03,313 1,67,143 2,70,456 19,69,320
    2039 1,12,166 1,58,290 2,70,456 18,57,154
    2040 1,21,778 1,48,678 2,70,456 17,35,377
    2041 1,32,213 1,38,243 2,70,456 16,03,165
    2042 1,43,542 1,26,914 2,70,456 14,59,623
    2043 1,55,843 1,14,613 2,70,456 13,03,780
    2044 1,69,197 1,01,259 2,70,456 11,34,584
    2045 1,83,695 86,761 2,70,456 9,50,888
    2046 1,99,436 71,020 2,70,456 7,51,451
    2047 2,16,528 53,928 2,70,456 5,34,924
    2048 2,35,082 35,374 2,70,456 2,99,842
    2049 2,55,227 15,229 2,70,456 44,615
    2050 44,615 461 45,076 0

    Note: The figures in the table may vary from the actual figures given by the bank in case the bank charges certain other fees as well.

    IDBI Bank Home Loan EMI Calculator FAQs

    1. How does a Home Loan EMI Calculator function?
    2. Home Loan EMI calculator is a simple tool that calculates the monthly instalments payable against a home loan by taking various values such as the interest rate, tenure of the loan and the principal amount into account.

    3. Is making partial pre-payments beneficial?
    4. Yes, making partial pre-payments can prove to be beneficial. Making prepayments will not only help you bring down the outstanding principal amount but also lower the home loan tenure or the EMIs payable against your loan.

    5. What are the home loan EMI tax benefits?
      • Under Section 80 C of the Income Tax Act, taxpayers are eligible for tax deductions up to Rs.1.50 lakh on the principal repayment on the loan.
      • Under Section 24 B of the IT Act, you can avail tax benefits up to Rs.2 lakh on the interest paid against your home loan.
    6. What is the difference between Pre-EMI and EMI?
    7. Pre-EMI is the interest paid on the loan amount disbursed until the complete disbursal of your home loan. The pre-EMI is to be made on a monthly basis until the final disbursal is made. Only after the last disbursement is made will the regular EMIs commence.


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