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  • IDBI Bank Home Loan Calculator

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  • Updated as per Latest Rates on 17 Oct 2019

    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.

    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 2019

    Calculate Your IDBI Home Loan Monthly Repayment

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

    Amount→
    Tenure↓
    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:  Home loan EMIs can be calculated using the formula:

    E = P . r . ( 1 + r ) n ( ( 1 + r ) n - 1

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

    IDBI Home Loan Interest Rates: As of 17 Oct 2019, 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 17 Oct 2019 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 9.00% 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. 24,139

    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.56,89,924
    Processing fee Rs.15,000
    Total Amount Payable Rs.87,04,924

    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.)
    2019 Rs.16,954 Rs.2,24,436 Rs.2,41,390 Rs.29,83,046
    2020 Rs.22,089 Rs.2,67,579 Rs.2,89,668 Rs.29,60,955
    2021 Rs.24,162 Rs.2,65,506 Rs.2,89,668 Rs.29,36,793
    2022 Rs.26,429 Rs.2,63,239 Rs.2,89,668 Rs.29,10,363
    2023 Rs.28,908 Rs.2,60,760 Rs.2,89,668 Rs.28,81,455
    2024 Rs.31,620 Rs.2,58,048 Rs.2,89,668 Rs.28,49,835
    2025 Rs.34,588 Rs.2,55,080 Rs.2,89,668 Rs.28,15,248
    2026 Rs.37,830 Rs.2,51,838 Rs.2,89,668 Rs.27,77,417
    2027 Rs.41,379 Rs.2,44,406 Rs.2,89,668 Rs.27,36,038
    2028 Rs.45,262 Rs.2,48,289 Rs.2,89,668 Rs.26,90,776
    2029 Rs.49,508 Rs.2,40,160 Rs.2,89,668 Rs.26,41,269
    2030 Rs.54,151 Rs.2,35,517 Rs.2,89,668 Rs.25,87,117
    2031 Rs.59,231 Rs.2,30,437 Rs.2,89,668 Rs.25,27,886
    2032 Rs.64,788 Rs.2,24,880 Rs.2,89,668 Rs.24,63,099
    2033 Rs.70,865 Rs.2,18,803 Rs.2,89,668 Rs.23,92,234
    2034 Rs.77,512 Rs.2,12,156 Rs.2,89,668 Rs.23,14,721
    2035 Rs.84,783 Rs.2,04,885 Rs.2,89,668 Rs.22,29,938
    2036 Rs.92,737 Rs.1,96,931 Rs.2,89,668 Rs.21,37,200
    2037 Rs.1,01,437 Rs.1,88,231 Rs.2,89,668 Rs.20,35,764
    2038 Rs.1,10,952 Rs.1,78,716 Rs.2,89,668 Rs.19,24,812
    2039 Rs.1,21,361 Rs.1,68,307 Rs.2,89,668 Rs.18,03,452
    2040 Rs.1,32,745 Rs.1,56,923 Rs.2,89,668 Rs.16,70,708
    2041 Rs.1,45,197 Rs.1,44,471 Rs.2,89,668 Rs.15,25,511
    2042 Rs.1,58,818 Rs.1,30,850 Rs.2,89,668 Rs.13,66,694
    2043 Rs.1,73,716 Rs.1,15,952 Rs.2,89,668 Rs.11,92,978
    2044 Rs.1.90,010 Rs.99,658 Rs.2,89,668 Rs.10,02,967
    2045 Rs.2,07,835 Rs.81,833 Rs.2,89,668 Rs.7,95,132
    2046 Rs.2,27,333 Rs.62,335 Rs.2,89,668 Rs.5,67,800
    2047 Rs.2,48,657 Rs.41,011 Rs.2,89,668 Rs.3,19,143
    2048 Rs.2,71,982 Rs.17,686 Rs.2,89,668 Rs.47,160
    2049 Rs.47,160 Rs.529. Rs.47,689 Rs.0

    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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