Urban Money

IDBI Home Loan Calculator

  • 5 Lac
  • 20 Cr
Years
  • 5
  • 30
%
  • 6
  • 20

Monthly Loan EMI

Payment Breakdown:

Principal Amount

₹10,00,000

Interest Payable

Total Amount Payable

IDBI Home loan EMI Calculator determines the monthly instalment amount to be borne by the borrower for the repayment tenure of the loan. The amount calculated concerns the borrowed amount, tenure, and interest rate. The IDBI Home Loan EMI calculator conveniently allows users to access and derive the amount without any hassle.

The user employing the IDBI home loan EMI calculator must mention the:

  • Loan Amount: The amount for a home loan ranges from INR 5,00,000 to INR 10,00,000. 
  • Rate Of Interest: The rate of interest on the loan is 7.5% per annum. 
  • Tenure: The maximum tenure offered to repay the loan is 360 months.

The amount is mentioned to compute the value of the,

  • EMI Amount: The monthly EMI payable on the loan 
  • Total Interest Payable: The total interest paid in the tenure. 
  • Total Amount Payable: The total amount paid against the loan, i.e. the sum of Interest and principal.

Features IDBI Bank Home Loan 

The IDBI bank is a renowned bank that provides various financial instruments to cater to the diverse needs of consumers in India.

  • The Interest rate on the IDBI home loan ranges from 7.40% per annum to 8.00% per annum. 
  • The loan tenure set ranges from 5 to 30 years. 
  • The borrower can pledge the property they’re inclined to purchase, renovate or construct as security for the mortgage. 
  • The Loan value ratio of the IDBI Bank is 90%. 
  • The lowest EMI amount a borrower can avail of against a home loan is Rs 692 per Lakh. The borrower can use the IDBI Home Loan EMI calculator to determine the EMI amount.

Why Should You Use IDBI Home Loan EMI Calculator? 

The IDBI Home Loan EMI Calculator can be utilised for the following reasons:

  • The calculator user can compare and compute the EMI amount concerning the different tenures. The user can use the IDBI Home Loan Calculator to derive the lowest possible EMI amount from attaining their financial goals.
  • The user can also use the IDBI Home Loan calculator to compare the EMI amount with the other leading banks. The user can account for the varying home loan interest rates the different banks offer.
  • The user also gets detailed information regarding the repayment process through an  amortisation schedule where the interest rate and principal are charged against the loan throughout the loan tenure.
  • The user can also refer to the loan's outstanding balance during a particular period. 

IDBI Home Loan EMI Calculator Formula & Example

The IDBI Home Loan EMI calculator employs the following formula to compute the EMI amount against the loan.

P*r*(1+r)^n/ ([(1+r)^n]-1)

Where,

  • P = Amount of Loan
  • R = Rate of Interest
  • N = Tenure of investment

Let’s take an example for a better understanding. Suppose you took a home loan of Rs 10,00,000. And the rate of interest is determined at 7.5% per annum. The tenure to repay the loan is set at 15 years. This implies that the 

  • P = 10,00,000 
  • R = 7.5% per annum 
  • N = 15 years.

By applying the formulae mentioned above,

10,00,000*7.5 (1+ 7.5) ^15/ ([1+ 7.5]^15]-1)

EMI amount = Rs 9,270 

Benefits of using IDBI Bank Home Loan EMI Calculator

The IDBI Home Loan EMI calculator provides the following benefits to the users:

  • The IDBI Home Loan EMI calculator provides instantaneous results to the user with 100% accuracy.
  • The calculator allows the user to compare the various tenures and loan amounts to reach the one that compliments their budgetary requirements.
  • The user utilising the IDBI Home Loan EMI calculator is easily accessible, and the users can conveniently calculate the amount of the EMI from the comfort of their home. 

Factors Affecting IDBI Home Loan EMI 

The user can conveniently compute the EMI amount from the IDBI Home Loan EMI calculator. However, the user must clearly understand the factors that majorly impact the Home Loan EMI amount. 

Loan Amount 

The amount borrowed from the bank directly impacts the EMI amount to be paid against the loan. The higher the loan amount, the higher the EMIs on loan. For example, the borrower who has taken a home loan of Rs 10,00,000 will automatically have to pay more EMI on loan compared to a borrower who borrowed Rs 5,00,000. 

Rate of Interest 

The rate of interest is the fee charged by the bank against the loan allotted. So a high-interest rate on a loan would automatically imply a higher cost on loan. The interest rate offered by the IDBI Bank commences from 7.50% per annum. The borrower must do meticulous research regarding the varying interest rate offered by the banks to get the best deal in the market. 

Loan Tenure 

The loan tenure is the only factor that inversely affects the EMI amount. A longer tenure on a loan reduces the EMI amount significantly. A lengthy tenure ensures the borrower is not burdened with the EMI amount. 

Comparison of IDBI Home Loan EMI with other Banks

Find below the comparison of the Home Loan EMI of IDBI with other leading banks in a tabular format.

Name of Bank  Interest Rate  Maximum Loan Amount (Rs) Tenure (Months)   Processing Fee (Rs) 
IBDI Bank  7.50% - 9.15% 10 Crores 360  2,500 (Minimum)
HDFC Bank  7.55% - 9.00% 5 Crores  360 3,000 (Minimum) 
Bank Of Baroda 7.95% - 9.30%  7 Crores 360  10,030 (Minimum) 
ICICI Bank  8.10% - 11.35% 7 Crores 360  3,000 (Minimum) 
Axis Bank  8.10% - 8.45% 2 Crores 360 10,000 (Minimum) 
PNB Housing Finance 7.99% -10.80% 5 Crores 360  Up to 1% of the Loan Amount
Yes Bank  8.95% - 8.95% 5 Crores 300 10,000 (Maximum) 

IDBI Bank Home Loan Amortisation Calculator

The IDBI Bank Home Loan Amortisation calculator provides the detailed account of the repayment process of the loan through a tabular representation. The amortisation schedule gives a brief overview to the borrower regarding the outstanding balance and the principal and interest payment against the loan throughout the tenure. For a better understanding, let’s take an example. Suppose you’ve taken a home loan of Rs 10,00,000 to purchase a property. The interest rate on the loan is 7.6%, and the repayment tenure is determined at ten years.

Amortisation Schedule for a Home Loan of ₹ 10 Lakh over ten years

The table below pertains to the amortisation schedule for a home loan of INR 10,00,000 over ten years.

Months Opening Balance  EMI Principal  Interest Rate  Closing Balance
1 ₹10,00,000 ₹11,922 ₹5,589 ₹6,333 ₹9,94,411
2 ₹9,94,411 ₹11,922 ₹5,624 ₹6,298 ₹9,88,786
3 ₹9,88,786 ₹11,922 ₹5,660 ₹6,262 ₹9,83,126
4 ₹9,83,126 ₹11,922 ₹5,696 ₹6,226 ₹9,77,430
5 ₹9,77,430 ₹11,922 ₹5,732 ₹6,190 ₹9,71,698
6 ₹9,71,698 ₹11,922 ₹5,768 ₹6,154 ₹9,65,930
7 ₹9,65,930 ₹11,922 ₹5,805 ₹6,118 ₹9,60,125
8 ₹9,60,125 ₹11,922 ₹5,842 ₹6,081 ₹9,54,283
9 ₹9,54,283 ₹11,922 ₹5,879 ₹6,044 ₹9,48,405
10 ₹9,48,405 ₹11,922 ₹5,916 ₹6,007 ₹9,42,489
11 ₹9,42,489 ₹11,922 ₹5,953 ₹5,969 ₹9,36,536
12 ₹9,36,536 ₹11,922 ₹5,991 ₹5,931 ₹9,30,545
13 ₹9,30,545 ₹11,922 ₹6,029 ₹5,893 ₹9,24,516
14 ₹9,24,516 ₹11,922 ₹6,067 ₹5,855 ₹9,18,448
15 ₹9,18,448 ₹11,922 ₹6,106 ₹5,817 ₹9,12,343
16 ₹9,12,343 ₹11,922 ₹6,144 ₹5,778 ₹9,06,199
17 ₹9,06,199 ₹11,922 ₹6,183 ₹5,739 ₹9,00,015
18 ₹9,00,015 ₹11,922 ₹6,222 ₹5,700 ₹8,93,793
19 ₹8,93,793 ₹11,922 ₹6,262 ₹5,661 ₹8,87,531
20 ₹8,87,531 ₹11,922 ₹6,301 ₹5,621 ₹8,81,230
21 ₹8,81,230 ₹11,922 ₹6,341 ₹5,581 ₹8,74,889
22 ₹8,74,889 ₹11,922 ₹6,381 ₹5,541 ₹8,68,507
23 ₹8,68,507 ₹11,922 ₹6,422 ₹5,501 ₹8,62,085
24 ₹8,62,085 ₹11,922 ₹6,463 ₹5,460 ₹8,55,623
25 ₹8,55,623 ₹11,922 ₹6,503 ₹5,419 ₹8,49,119
26 ₹8,49,119 ₹11,922 ₹6,545 ₹5,378 ₹8,42,575
27 ₹8,42,575 ₹11,922 ₹6,586 ₹5,336 ₹8,35,988
28 ₹8,35,988 ₹11,922 ₹6,628 ₹5,295 ₹8,29,361
29 ₹8,29,361 ₹11,922 ₹6,670 ₹5,253 ₹8,22,691
30 ₹8,22,691 ₹11,922 ₹6,712 ₹5,210 ₹8,15,979
31 ₹8,15,979 ₹11,922 ₹6,755 ₹5,168 ₹8,09,224
32 ₹8,09,224 ₹11,922 ₹6,797 ₹5,125 ₹8,02,427
33 ₹8,02,427 ₹11,922 ₹6,840 ₹5,082 ₹7,95,586
34 ₹7,95,586 ₹11,922 ₹6,884 ₹5,039 ₹7,88,703
35 ₹7,88,703 ₹11,922 ₹6,927 ₹4,995 ₹7,81,775
36 ₹7,81,775 ₹11,922 ₹6,971 ₹4,951 ₹7,74,804
37 ₹7,74,804 ₹11,922 ₹7,015 ₹4,907 ₹7,67,789
38 ₹7,67,789 ₹11,922 ₹7,060 ₹4,863 ₹7,60,729
39 ₹7,60,729 ₹11,922 ₹7,104 ₹4,818 ₹7,53,625
40 ₹7,53,625 ₹11,922 ₹7,149 ₹4,773 ₹7,46,475
41 ₹7,46,475 ₹11,922 ₹7,195 ₹4,728 ₹7,39,280
42 ₹7,39,280 ₹11,922 ₹7,240 ₹4,682 ₹7,32,040
43 ₹7,32,040 ₹11,922 ₹7,286 ₹4,636 ₹7,24,754
44 ₹7,24,754 ₹11,922 ₹7,332 ₹4,590 ₹7,17,422
45 ₹7,17,422 ₹11,922 ₹7,379 ₹4,544 ₹7,10,043
46 ₹7,10,043 ₹11,922 ₹7,425 ₹4,497 ₹7,02,617
47 ₹7,02,617 ₹11,922 ₹7,473 ₹4,450 ₹6,95,145
48 ₹6,95,145 ₹11,922 ₹7,520 ₹4,403 ₹6,87,625
49 ₹6,87,625 ₹11,922 ₹7,567 ₹4,355 ₹6,80,058
50 ₹6,80,058 ₹11,922 ₹7,615 ₹4,307 ₹6,72,442
51 ₹6,72,442 ₹11,922 ₹7,664 ₹4,259 ₹6,64,778
52 ₹6,64,778 ₹11,922 ₹7,712 ₹4,210 ₹6,57,066
53 ₹6,57,066 ₹11,922 ₹7,761 ₹4,161 ₹6,49,305
54 ₹6,49,305 ₹11,922 ₹7,810 ₹4,112 ₹6,41,495
55 ₹6,41,495 ₹11,922 ₹7,860 ₹4,063 ₹6,33,636
56 ₹6,33,636 ₹11,922 ₹7,909 ₹4,013 ₹6,25,726
57 ₹6,25,726 ₹11,922 ₹7,960 ₹3,963 ₹6,17,767
58 ₹6,17,767 ₹11,922 ₹8,010 ₹3,913 ₹6,09,757
59 ₹6,09,757 ₹11,922 ₹8,061 ₹3,862 ₹6,01,696
60 ₹6,01,696 ₹11,922 ₹8,112 ₹3,811 ₹5,93,584
61 ₹5,93,584 ₹11,922 ₹8,163 ₹3,759 ₹5,85,421
62 ₹5,85,421 ₹11,922 ₹8,215 ₹3,708 ₹5,77,207
63 ₹5,77,207 ₹11,922 ₹8,267 ₹3,656 ₹5,68,940
64 ₹5,68,940 ₹11,922 ₹8,319 ₹3,603 ₹5,60,621
65 ₹5,60,621 ₹11,922 ₹8,372 ₹3,551 ₹5,52,249
66 ₹5,52,249 ₹11,922 ₹8,425 ₹3,498 ₹5,43,824
67 ₹5,43,824 ₹11,922 ₹8,478 ₹3,444 ₹5,35,346
68 ₹5,35,346 ₹11,922 ₹8,532 ₹3,391 ₹5,26,814
69 ₹5,26,814 ₹11,922 ₹8,586 ₹3,336 ₹5,18,228
70 ₹5,18,228 ₹11,922 ₹8,640 ₹3,282 ₹5,09,588
71 ₹5,09,588 ₹11,922 ₹8,695 ₹3,227 ₹5,00,893
72 ₹5,00,893 ₹11,922 ₹8,750 ₹3,172 ₹4,92,142
73 ₹4,92,142 ₹11,922 ₹8,806 ₹3,117 ₹4,83,337
74 ₹4,83,337 ₹11,922 ₹8,861 ₹3,061 ₹4,74,476
75 ₹4,74,476 ₹11,922 ₹8,917 ₹3,005 ₹4,65,558
76 ₹4,65,558 ₹11,922 ₹8,974 ₹2,949 ₹4,56,584
77 ₹4,56,584 ₹11,922 ₹9,031 ₹2,892 ₹4,47,554
78 ₹4,47,554 ₹11,922 ₹9,088 ₹2,835 ₹4,38,466
79 ₹4,38,466 ₹11,922 ₹9,145 ₹2,777 ₹4,29,320
80 ₹4,29,320 ₹11,922 ₹9,203 ₹2,719 ₹4,20,117
81 ₹4,20,117 ₹11,922 ₹9,262 ₹2,661 ₹4,10,855
82 ₹4,10,855 ₹11,922 ₹9,320 ₹2,602 ₹4,01,535
83 ₹4,01,535 ₹11,922 ₹9,379 ₹2,543 ₹3,92,155
84 ₹3,92,155 ₹11,922 ₹9,439 ₹2,484 ₹3,82,717
85 ₹3,82,717 ₹11,922 ₹9,499 ₹2,424 ₹3,73,218
86 ₹3,73,218 ₹11,922 ₹9,559 ₹2,364 ₹3,63,659
87 ₹3,63,659 ₹11,922 ₹9,619 ₹2,303 ₹3,54,040
88 ₹3,54,040 ₹11,922 ₹9,680 ₹2,242 ₹3,44,360
89 ₹3,44,360 ₹11,922 ₹9,741 ₹2,181 ₹3,34,618
90 ₹3,34,618 ₹11,922 ₹9,803 ₹2,119 ₹3,24,815
91 ₹3,24,815 ₹11,922 ₹9,865 ₹2,057 ₹3,14,950
92 ₹3,14,950 ₹11,922 ₹9,928 ₹1,995 ₹3,05,022
93 ₹3,05,022 ₹11,922 ₹9,991 ₹1,932 ₹2,95,032
94 ₹2,95,032 ₹11,922 ₹10,054 ₹1,869 ₹2,84,978
95 ₹2,84,978 ₹11,922 ₹10,118 ₹1,805 ₹2,74,860
96 ₹2,74,860 ₹11,922 ₹10,182 ₹1,741 ₹2,64,678
97 ₹2,64,678 ₹11,922 ₹10,246 ₹1,676 ₹2,54,432
98 ₹2,54,432 ₹11,922 ₹10,311 ₹1,611 ₹2,44,121
99 ₹2,44,121 ₹11,922 ₹10,376 ₹1,546 ₹2,33,745
100 ₹2,33,745 ₹11,922 ₹10,442 ₹1,480 ₹2,23,303
101 ₹2,23,303 ₹11,922 ₹10,508 ₹1,414 ₹2,12,795
102 ₹2,12,795 ₹11,922 ₹10,575 ₹1,348 ₹2,02,220
103 ₹2,02,220 ₹11,922 ₹10,642 ₹1,281 ₹1,91,578
104 ₹1,91,578 ₹11,922 ₹10,709 ₹1,213 ₹1,80,869
105 ₹1,80,869 ₹11,922 ₹10,777 ₹1,146 ₹1,70,092
106 ₹1,70,092 ₹11,922 ₹10,845 ₹1,077 ₹1,59,247
107 ₹1,59,247 ₹11,922 ₹10,914 ₹1,009 ₹1,48,333
108 ₹1,48,333 ₹11,922 ₹10,983 ₹939 ₹1,37,350
109 ₹1,37,350 ₹11,922 ₹11,053 ₹870 ₹1,26,298
110 ₹1,26,298 ₹11,922 ₹11,123 ₹800 ₹1,15,175
111 ₹1,15,175 ₹11,922 ₹11,193 ₹729 ₹1,03,982
112 ₹1,03,982 ₹11,922 ₹11,264 ₹659 ₹92,718
113 ₹92,718 ₹11,922 ₹11,335 ₹587 ₹81,383
114 ₹81,383 ₹11,922 ₹11,407 ₹515 ₹69,976
115 ₹69,976 ₹11,922 ₹11,479 ₹443 ₹58,497
116 ₹58,497 ₹11,922 ₹11,552 ₹370 ₹46,945
117 ₹46,945 ₹11,922 ₹11,625 ₹297 ₹35,320
118 ₹35,320 ₹11,922 ₹11,699 ₹224 ₹23,621
119 ₹23,621 ₹11,922 ₹11,773 ₹150 ₹11,848
120 ₹11,848 ₹11,922 ₹11,847 ₹75 ₹1

IDBI Bank Home Loan EMI for ₹ 10 Lakh

The following table compares the EMI on the IDBI Home loans at different tenures on the same loan amount that is 10,00,000. The interest rate determined is 7.6% per annum. The amount can also be compared and calculated with the help of the IDBI Home Loan EMI Calculator.

Loan Amount  Interest Rate  Tenure  EMI (Rs) 
10,00,000 7.6% 5 20,086
10,00,000 7.6% 10 11,992
10,00,000 7.6% 15 9,327 
10,00,000 7.6% 20 8,117
10,00,000 7.6% 25 7,455
10,00,000 7.6% 30 7,061 

IDBI Bank Home Loan EMI for ₹ 20 Lakh

The following table compares the EMI on the IDBI Home loans at different tenures on the same loan amount which is 20,00,000. The interest rate determined is 7.6% per annum. The amount can also be compared and calculated with the help of the IDBI Home Loan EMI Calculator.

Loan Amount  Interest Rate  Tenure  EMI (Rs) 
20,00,000 7.6% 5 40,171
20,00,000 7.6% 10 23,845
20,00,000 7.6% 15 18,654
20,00,000 7.6% 20 16,234
20,00,000 7.6% 25 14,910
20,00,000 7.6% 30 14,121

IDBI Bank Home Loan EMI for ₹ 25 Lakh

The following table compares the EMI on the IDBI Home loans at different tenures on the same loan amount which is INR 25,00,000. The interest rate determined is 7.6% per annum. The amount can also be compared and calculated with the help of the IDBI Home Loan EMI Calculator.

Loan Amount  Interest Rate  Tenure  EMI (Rs) 
25,00,000 7.6% 5 50,214
25,00,000 7.6% 10 29,806
25,00,000 7.6% 15 23,318
25,00,000 7.6% 20 20,293
25,00,000 7.6% 25 18,638
25,00,000 7.6% 30 17,652 

IDBI Bank Home Loan EMI for ₹ 30 Lakh

The following table compares the EMI on the IDBI Home loans at different tenures on the same loan amount which is 25,00,000. The interest rate determined is 7.6% per annum. The amount can also be compared and calculated with the help of the IDBI Home Loan EMI Calculator.

Loan Amount  Interest Rate  Tenure  EMI (Rs) 
30,00,000 7.6% 5 60,257
30,00,000 7.6% 10 35,767
30,00,000 7.6% 15 27,981
30,00,000 7.6% 20 24,352
30,00,000 7.6% 25 22,365
30,00,000 7.6% 30 21,182

IDBI Bank Home Loan EMI for ₹ 50 Lakh 

The following table compares the EMI on the IDBI Home loans at different tenures on the same loan amount which is 50,00,000. The interest rate determined is 7.6% per annum. The amount can also be compared and calculated with the help of the IDBI Home Loan EMI Calculator.

Loan Amount  Interest Rate  Tenure  EMI (Rs) 
50,00,000 7.6% 5 1,00,428
50,00,000 7.6% 10 59,612
50,00,000 7.6% 15 46,635
50,00,000 7.6% 20 40,586
50,00,000 7.6% 25 37,275
50,00,000 7.6% 30 35,304

Frequently Asked Questions (FAQs)

When does my home loan EMIs start?

The EMI payments on the home loans will commence in the month after the loan disbursement.

How can I pay my IDBI home loan EMI online?

The borrower can avail of the net banking services offered by the bank to make EMI payments online.

What happens if IDBI home loan EMI is missed?

If the borrower misses their EMI payment, they will be required to pay a penalty on the default payment.

Can I change my home loan EMI date?

The borrower is required to utilise the official channels of the bank to initiate the process of the EMI date change. They can visit the bank’s nearest branch for the same or reach out to the customer service executives of the respective bank.

How does your home loan repayment work?

The repayment amount consists of the principal and interest on the principal amount. That is evenly divided across the tenure of the repayment. The individual can use the IDBI Home loan EMI calculator to understand the repayment schedule better.